THEMENTAL
ActiveSummary
THEMENTAL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,302 and a net result of €8,351. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 15372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-13
Solvency100▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 5.19 against 3.98 in 2023; short-term debt: 17.4% and cash: 61.4% of total assets), and 20.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.7%
Return on assets
14.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
40 d late
2023
68 d late
2022
53 d late
2021
82 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 22 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€46,302▲ 22.0%
2023 · €37,952
Total assets
€58,081▲ 11.5%
2023 · €52,082
Net result
€8,351▼ 35.0%
2023 · €12,844
Working capital
€42,467▲ 11.1%
2023 · €38,220
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€21,525-€21,786▲ 1.2%€16,486▼ 24.3%€10,838▼ 34.3%
Net result€16,830within the sector's middle half-€16,903within the sector's middle half▲ 0.4%€12,844within the sector's middle half▼ 24.0%€8,351below the sector's middle half▼ 35.0%
Equity€8,204below the sector's middle half-€25,106below the sector's middle half▲ 206%€37,952within the sector's middle half▲ 51.2%€46,302within the sector's middle half▲ 22.0%
Total assets€31,689below the sector's middle half-€42,881below the sector's middle half▲ 35.3%€52,082below the sector's middle half▲ 21.5%€58,081below the sector's middle half▲ 11.5%
Debt€23,485-€17,775▼ 24.3%€14,130▼ 20.5%€11,779▼ 16.6%
Working capital€9,504below the sector's middle half-€26,406within the sector's middle half▲ 178%€38,220within the sector's middle half▲ 44.7%€42,467within the sector's middle half▲ 11.1%
Solvency25.9%below the sector's middle half-58.5%within the sector's middle half▲ 32.7pp72.9%within the sector's middle half▲ 14.3pp79.7%above the sector's middle half▲ 6.9pp
Current ratio1.43within the sector's middle half-2.60within the sector's middle half▲ 1.173.98within the sector's middle half▲ 1.385.19above the sector's middle half▲ 1.21
Return on assets (ROA)53.1%above the sector's middle half-39.4%above the sector's middle half▼ 13.7pp24.7%within the sector's middle half▼ 14.8pp14.4%within the sector's middle half▼ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 34% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58,081
Fixed assets
€5,484 ▲ 432%
Current assets
€52,597 ▲ 3.0%
Equity and liabilities €58,081
Equity
€46,302 ▲ 22.0%
Debt
€11,779 ▼ 16.6%
Debt's share of the balance-sheet total falls from 27.1% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,816▼
2023 · €16,487
Cash flow
€9,329▼
2023 · €12,845
Debt to equity
0.25▼
2023 · 0.37
ROE
18.0%▼
2023 · 33.8%
Interest coverage
74.47▼
2023 · 84.20
Debt ≤ 1 year
€10,130▼
2023 · €12,830
Debt > 1 year
€460
Income taxes
€2,317▼
2023 · €3,445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 26,975 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1 | €978 | ▲ 105,056% |
| Other operating charges640/8 | €1,555 | €5,598 | €23 | €492 | ▲ 2,016% |
| Gross operating margin9900 | €23,080 | €27,384 | €16,510 | €12,307 | ▼ 25.5% |
| Operating profit (loss)9901 | €21,525 | €21,786 | €16,486 | €10,838 | ▼ 34.3% |
| Financial income75/76B | - | - | - | €7 | - |
| Recurring financial income75 | - | - | - | €7 | - |
| Non-recurring financial income76B | - | - | - | €7 | - |
| Financial charges65/66B | €106 | €229 | €197 | €177 | ▼ 10.1% |
| Recurring financial charges65 | €106 | €229 | €196 | €159 | ▼ 19.0% |
| Non-recurring financial charges66B | - | - | €1 | €18 | ▲ 2,268% |
| Profit (loss) for the period before taxes9903 | €21,419 | €21,557 | €16,289 | €10,668 | ▼ 34.5% |
| Income taxes67/77 | €4,589 | €4,654 | €3,445 | €2,317 | ▼ 32.8% |
| Profit (loss) for the period9904 | €16,830 | €16,903 | €12,844 | €8,351 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | €16,830 | €16,903 | €12,844 | €8,351 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,689 | €42,881 | €52,082 | €58,081 | ▲ 11.5% |
| Fixed assets21/28 | - | - | €1,031 | €5,484 | ▲ 432% |
| Tangible fixed assets22/27 | - | - | €1,031 | €3,524 | ▲ 242% |
| Plant, machinery and equipment23 | - | - | €1,031 | €691 | ▼ 33.0% |
| Furniture and vehicles24 | - | - | - | €2,834 | - |
| Financial fixed assets28 | - | - | - | €1,960 | - |
| Current assets29/58 | €31,689 | €42,881 | €51,051 | €52,597 | ▲ 3.0% |
| Amounts receivable within one year40/41 | €7,512 | €3,368 | €31,571 | €16,953 | ▼ 46.3% |
| Trade receivables40 | €7,512 | €3,368 | €1,571 | €1,453 | ▼ 7.5% |
| Other amounts receivable41 | - | - | €30,000 | €15,500 | ▼ 48.3% |
| Cash at bank and in hand54/58 | €24,177 | €39,513 | €19,480 | €35,643 | ▲ 83.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,689 | €42,881 | €52,082 | €58,081 | ▲ 11.5% |
| Equity10/15 | €8,204 | €25,106 | €37,952 | €46,302 | ▲ 22.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €6,204 | €23,106 | €35,952 | €44,302 | ▲ 23.2% |
| Amounts payable17/49 | €23,485 | €17,775 | €14,130 | €11,779 | ▼ 16.6% |
| Amounts payable after more than one year17 | - | - | - | €460 | - |
| Other amounts payable178/9 | - | - | - | €460 | - |
| Amounts payable within one year42/48 | €22,185 | €16,475 | €12,830 | €10,130 | ▼ 21.0% |
| Trade debts44 | €1,322 | €2,885 | €2,177 | €2,469 | ▲ 13.4% |
| Suppliers440/4 | €1,322 | €2,885 | €2,177 | €2,469 | ▲ 13.4% |
| Advances received on contracts in progress46 | - | - | €3,025 | - | - |
| Taxes, remuneration and social security45 | €11,004 | €11,427 | €7,388 | €7,661 | ▲ 3.7% |
| Taxes450/3 | €11,004 | €11,427 | €7,388 | €7,661 | ▲ 3.7% |
| Other amounts payable47/48 | €9,859 | €2,163 | €241 | - | - |
| Accrued charges and deferred income492/3 | €1,300 | €1,300 | €1,300 | €1,189 | ▼ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,830 | €16,903 | €12,844 | €8,351 | ▼ 35.0% |
| + Depreciation and write-downs630 | - | - | €1 | €978 | ▲ 105,056% |
| Operating cash flow (approximation) | €16,830 | €16,903 | €12,845 | €9,329 | ▼ 27.4% |
| Investment in fixed assets (approximation) | - | - | - | -€5,431 | - |
| Change in cash | - | €15,336 | -€20,033 | €16,164 | ▲ 181% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €8,351 ▼35%
Net result drops to €8,351, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
31-12
Financial
Highest result since 2021net €16,903 ▲0.4%
Operating result €21,786, net result €16,903, both a record.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 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.
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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 2021
Ground area
1,458 m²
Building footprint
704 m²
Volume, LiDAR
12,979 m³
2 parcels, Brussels · tallest building 29.2 m, ±9 floors. Linked by address, not a title deed.
94
companies at this address
See who is registered here
1 establishment unit
THE MENTAL AVOCATS
since 20212.316.149.271
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0218/00E016 | Brussels | 1,228 m² | 1 · 529 m² | 24.9 m · 7 fl. |
| 21803C1025/00G002 | Brussels | 230 m² | 1 · 175 m² | 29.2 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,188 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
Founded06-11-2020
Fiscal year end31-12
Abbreviation FR
T.M.T
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757884061
Also
9925:BE0757884061
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.