Themelis
ActiveSummary
The computed 12-month bankruptcy probability of Themelis is 2.5% (moderate). The 2025 annual accounts show equity of €29,650 and a net result of €9,846. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 13683 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+7
Solvency65▲+20
Growth50=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.21 in 2024; short-term debt: 60.5% and cash: 42.4% of total assets), but 60.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
39.5%
Return on assets
13.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 10 filingsDeviation from the deadline
2025
54 d late
2024
44 d late
2023
122 d late
2022
29 d late
2021
11 d early
2020
5 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 September (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€146,984▲ 127%
2021 · €64,633
EBIT margin
5.1%▲ 33.1pp
2021 · -28.0%
Net result
€9,846▲ 38.4%
2024 · €7,112
Working capital
€28,900▲ 73.5%
2024 · €16,661
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€64,633▼ 28.2%€146,984▲ 127%
Operating result-€18,101€7,528€13,528▲ 79.7%€14,776▲ 9.2%€17,167▲ 16.2%
Net result-€19,942below the sector's middle half€5,935within the sector's middle half€4,531within the sector's middle half▼ 23.7%€7,112within the sector's middle half▲ 57.0%€9,846within the sector's middle half▲ 38.4%
EBIT margin-28.0%▼ 37.5pp5.1%▲ 33.1pp
Equity€2,226within the sector's middle half▼ 90.0%€8,160within the sector's middle half▲ 267%€12,691within the sector's middle half▲ 55.5%€19,804within the sector's middle half▲ 56.0%€29,650within the sector's middle half▲ 49.7%
Total assets€76,762within the sector's middle half▲ 4.4%€80,533below the sector's middle half▲ 4.9%€52,159within the sector's middle half▼ 35.2%€100,110within the sector's middle half▲ 91.9%€75,043within the sector's middle half▼ 25.0%
Debt€74,536▲ 45.0%€72,373▼ 2.9%€39,468▼ 45.5%€80,306▲ 103%€45,393▼ 43.5%
Working capital-€13,672within the sector's middle half-€930within the sector's middle half▲ 93.2%€2,314within the sector's middle half€16,661within the sector's middle half▲ 620%€28,900within the sector's middle half▲ 73.5%
Solvency2.9%within the sector's middle half▼ 27.2pp10.1%within the sector's middle half▲ 7.2pp24.3%within the sector's middle half▲ 14.2pp19.8%within the sector's middle half▼ 4.5pp39.5%within the sector's middle half▲ 19.7pp
Current ratio0.79within the sector's middle half▼ 0.650.99within the sector's middle half▲ 0.191.06within the sector's middle half▲ 0.071.21within the sector's middle half▲ 0.151.64within the sector's middle half▲ 0.43
Return on assets (ROA)-26.0%below the sector's middle half▼ 37.3pp7.4%within the sector's middle half▲ 33.3pp8.7%within the sector's middle half▲ 1.3pp7.1%within the sector's middle half▼ 1.6pp13.1%within the sector's middle half▲ 6.0pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,043
Fixed assets
€750 ▼ 76.1%
Current assets
€74,293 ▼ 23.4%
Equity and liabilities €75,043
Equity
€29,650 ▲ 49.7%
Debt
€45,393 ▼ 43.5%
Debt's share of the balance-sheet total falls from 80.2% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,560▼
2024 · €22,011
Cash flow
€12,239▼
2024 · €14,347
Quick ratio
1.42▲
2024 · 1.10
Debt to equity
1.53▼
2024 · 4.06
ROE
33.2%▼
2024 · 35.9%
Interest coverage
10.62▲
2024 · 7.40
Debt ≤ 1 year
€45,393▼
2024 · €80,306
Income taxes
€5,635▲
2024 · €4,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €64,633 | €146,984 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €66,611 | €102,109 | - | - | - | - |
| Remuneration, social security and pensions62 | €10,188 | €6,413 | -€793 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,522 | €8,058 | €7,440 | €7,235 | €2,393 | ▼ 66.9% |
| Other operating charges640/8 | €6,234 | €16,073 | €13,548 | €1,715 | €1,913 | ▲ 11.5% |
| Non-recurring operating charges66A | - | €6,808 | - | - | - | - |
| Gross operating margin9900 | €8,842 | €44,879 | €33,724 | €23,726 | €21,473 | ▼ 9.5% |
| Operating profit (loss)9901 | -€18,101 | €7,528 | €13,528 | €14,776 | €17,167 | ▲ 16.2% |
| Financial income75/76B | - | - | €78 | €0 | €157 | ▲ 313,080% |
| Recurring financial income75 | - | - | €78 | €0 | €157 | ▲ 313,080% |
| Financial charges65/66B | €1,841 | €1,593 | €4,465 | €2,973 | €1,842 | ▼ 38.0% |
| Recurring financial charges65 | €1,841 | €1,593 | €4,465 | €2,973 | €1,842 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | -€19,942 | €5,935 | €9,141 | €11,803 | €15,482 | ▲ 31.2% |
| Income taxes67/77 | - | - | €4,610 | €4,690 | €5,635 | ▲ 20.2% |
| Profit (loss) for the period9904 | -€19,942 | €5,935 | €4,531 | €7,112 | €9,846 | ▲ 38.4% |
| Profit (loss) for the period to be appropriated9905 | -€19,942 | €5,935 | €4,531 | €7,112 | €9,846 | ▲ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,762 | €80,533 | €52,159 | €100,110 | €75,043 | ▼ 25.0% |
| Fixed assets21/28 | €24,626 | €17,818 | €10,378 | €3,143 | €750 | ▼ 76.1% |
| Tangible fixed assets22/27 | €24,626 | €17,818 | €10,378 | €3,143 | €750 | ▼ 76.1% |
| Plant, machinery and equipment23 | €15,588 | €11,015 | €5,842 | €875 | €750 | ▼ 14.3% |
| Furniture and vehicles24 | €9,038 | €6,803 | €4,535 | €2,268 | - | - |
| Current assets29/58 | €52,136 | €62,715 | €41,782 | €96,967 | €74,293 | ▼ 23.4% |
| Stocks and contracts in progress3 | €10,964 | €11,315 | €21,368 | €8,561 | €9,808 | ▲ 14.6% |
| Stocks30/36 | €10,964 | €11,315 | €21,368 | €8,561 | €9,808 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €39,216 | €32,721 | €20,414 | €66,616 | €32,454 | ▼ 51.3% |
| Trade receivables40 | €38,412 | €24,392 | €12,196 | €58,397 | €25,930 | ▼ 55.6% |
| Other amounts receivable41 | €804 | €8,329 | €8,218 | €8,218 | €6,524 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €1,956 | €11,801 | - | €21,730 | €31,812 | ▲ 46.4% |
| Deferred charges and accrued income490/1 | - | €6,878 | - | €62 | €218 | ▲ 255% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,762 | €80,533 | €52,159 | €100,110 | €75,043 | ▼ 25.0% |
| Equity10/15 | €2,226 | €8,160 | €12,691 | €19,804 | €29,650 | ▲ 49.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€16,374 | -€10,440 | -€5,909 | €1,204 | €11,050 | ▲ 818% |
| Amounts payable17/49 | €74,536 | €72,373 | €39,468 | €80,306 | €45,393 | ▼ 43.5% |
| Amounts payable after more than one year17 | €8,728 | €8,728 | - | - | - | - |
| Financial debts170/4 | €8,728 | €8,728 | - | - | - | - |
| Amounts payable within one year42/48 | €65,808 | €63,645 | €39,468 | €80,306 | €45,393 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | €8,653 | - | €5,743 | €5,743 | - | - |
| Financial debts43 | €972 | - | €3,200 | - | - | - |
| Credit institutions430/8 | €972 | - | €3,200 | - | - | - |
| Trade debts44 | €28,132 | €31,293 | €1,953 | €17,111 | €8,755 | ▼ 48.8% |
| Suppliers440/4 | €28,132 | €31,293 | €1,953 | €17,111 | €8,755 | ▼ 48.8% |
| Advances received on contracts in progress46 | - | - | - | €37,437 | €8,042 | ▼ 78.5% |
| Taxes, remuneration and social security45 | €2,390 | €6,690 | €8,939 | €16,887 | €26,863 | ▲ 59.1% |
| Taxes450/3 | €2,390 | €1,917 | €8,939 | €16,887 | €21,323 | ▲ 26.3% |
| Remuneration and social security454/9 | - | €4,773 | €0 | - | €5,541 | - |
| Other amounts payable47/48 | €25,661 | €25,661 | €19,633 | €3,127 | €1,733 | ▼ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,942 | €5,935 | €4,531 | €7,112 | €9,846 | ▲ 38.4% |
| + Depreciation and write-downs630 | €10,522 | €8,058 | €7,440 | €7,235 | €2,393 | ▼ 66.9% |
| Operating cash flow (approximation) | -€9,420 | €13,993 | €11,971 | €14,347 | €12,239 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | -€1,250 | €0 | €0 | €0 | - |
| Change in cash | - | €9,845 | - | - | €10,083 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Back to profitnet €5,935
Net result €5,935 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€19,942
Net result drops to -€19,942, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.45
Current ratio from 0.34 to 1.45.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
21-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 356 days late
2019
31-12
Financial
Highest result since 2018net €23,886 ▲101%
Operating result €23,411, net result €23,886, both a record.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2012
Ground area
199 m²
Building footprint
198 m²
Volume, LiDAR
1,577 m³
Parcel 21009A0873/00L009, Brussels · tallest building 14.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
LE POOL GATE
since 20122.207.368.028
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0873/00L009 | Brussels | 199 m² | 1 · 198 m² | 14.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.207.368.028
Similar companies · same sector, comparable size
RESTAURANT L'OS A MOELLE
BE 0477.137.456
Florennes · Eq €29,644
CDN CATERING SERVICES
BE 0669.741.646
Knokke-Heist · Eq €29,644
Xin Wang
BE 0735.857.935
Elsene · Eq €29,666
A MANI
BE 0433.421.932
Soignies · Eq €29,668
WH
BE 0769.994.314
Wijnegem · Eq €29,626
Of 20,500 companies in sector 56111 we hold annual accounts for 11,464. 9,444 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839427013
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.