THEMCA
ActiveTHEMCA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €15k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.13 in 2024; short-term debt: 21.5% and cash: 0.9% of total assets), and 22.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.5%
Return on assets
7.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
24 d late
2024
4 d late
2023
on the day
2022
6 d early
2021
22 d late
2020
30 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▲ 11.3%
2024 · €130k
2019: €22k
2020: €63k
2021: €95k
2022: €112k
2023: €120k
2024: €130k
2019 → 2025
Total assets
€186k▲ 8.8%
2024 · €171k
2019: €39k
2020: €84k
2021: €121k
2022: €199k
2023: €159k
2024: €171k
2019 → 2025
Net result
€15k▲ 55.4%
2024 · €9k
2019: €2k
2020: €42k
2021: €32k
2022: €17k
2023: €8k
2024: €9k
2019 → 2025
Working capital
€31k▲ 493%
2024 · €5k
2019: €18k
2020: €53k
2021: €83k
2022: €53k
2023: €60k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€112k▲ 18.1%€120k▲ 7.1%€130k▲ 7.9%€144k▲ 11.3%
Operating result€40k-€24k▼ 38.9%€12k▼ 52.2%€16k▲ 39.2%€21k▲ 31.3%
Net result€32k-€17k▼ 45.6%€8k▼ 53.4%€9k▲ 18.3%€15k▲ 55.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€115k▼ 7.5%
Current assets
€71k▲ 52.1%
Equity and liabilities €186k
Equity
€144k▲ 11.3%
Debt
€42k▲ 0.9%
The debt ratio falls from 24.3% to 22.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €25k
Cash flow
€22k▲
2024 · €18k
Solvency
77.5%▲
2024 · 75.7%
Current ratio
1.78▲
2024 · 1.13
Quick ratio
1.78▲
2024 · 1.13
Debt / equity
0.29▼
2024 · 0.32
ROE
10.2%▲
2024 · 7.3%
ROA
7.9%▲
2024 · 5.5%
Interest coverage
39.02▼
2024 · 40.78
Debt
€42k▲
2024 · €42k
Debt ≤ 1 year
€40k▼
2024 · €42k
Income taxes
€7k▼
2024 · €8k
Staff costs
€1k▲
2024 · €827
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€171k€186k▲
Fixed assets21/28€124k€115k▼
Tangible fixed assets22/27€54k€48k▼
Land and buildings22€40k€38k▼
Plant, machinery and equipment23€259€93▼
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€70k€68k▼
Current assets29/58€47k€71k▲
Amounts receivable within one year40/41€30k€68k▲
Trade receivables40€15k€11k▼
Other amounts receivable41€16k€56k▲
Cash at bank and in hand54/58€16k€2k▼
Deferred charges and accrued income490/1€791€2k▲
Equity and liabilities
Total equity and liabilities10/49€171k€186k▲
Equity10/15€130k€144k▲
Contributions10/11€12k€12k=
Reserves13€117k€132k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€117k€132k▲
Amounts payable17/49€42k€42k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€42k€40k▼
Current portion of amounts payable after more than one year42€5k€0▼
Financial debts43€14k€0▼
Credit institutions430/8€14k€0▼
Trade debts44€4k€13k▲
Suppliers440/4€4k€13k▲
Advances received on contracts in progress46€2k€8k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€15k€17k▲
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€827€1k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€25k€0▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€53k€31k▼
Operating profit (loss)9901€16k€21k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€607€720▲
Recurring financial charges65€607€720▲
Profit (loss) for the period before taxes9903€18k€22k▲
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€9k€15k▲
Profit (loss) for the period to be appropriated9905€9k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€15k▲
Transfer to equity691/2€9k€15k▲
To other reserves6921€9k€15k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €100kEq €112k ▲18.1%
4 profitable years in a row build equity to €112k.
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €42k ▲1657%
Operating result €55k, net result €42k, both a record.
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Polderstraat(Odk) 948670 KoksijdeGround area
418 m²
Building footprint
151 m²
Volume, LiDAR
712 m³
Parcel 38018B0236/00_000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Themca
since 20162.255.170.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0236/00_000 | Flanders | 418 m² | 1 · 151 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,134 EUR awarded · 1,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 234 EUR | 234 EUR |
| 2022 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 144 companies in sector 46647 we hold annual accounts for 91. 69 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2016
Fiscal year end31-03
Activities, NACEBEL
46647Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.