Active BE 0448.157.222Private limited company

Themis

Genuastraat 11 ·2000 Antwerpen, Belgium· 33 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

Themis has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €2k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€125k
Net result	€2k
Better than sector	78%
Active	33 yrs

Financial profile 5 of 5 axes measured · computed by Checked

73 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 8

Solvency 100

Growth 72

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€11k

estimate, not credit advice

Score history

45 2021

50 2022

60 2023

100 2024

86 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 5.35 (≥ 1.5) +10

Quick ratio Quick ratio 5.35 (≥ 1.0) +5

Leverage Debt/equity 0.22 (< 1.0) +10

Profitability ROE 2% +3

Interest coverage Interest coverage 14.2× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview33 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	81.7%	55.9%	better than 78% of 30893 sector peers
Net result	€2k	€27k	better than 24% of 30902 sector peers
Equity	€125k	€83k	better than 60% of 30919 sector peers
Gross operating margin	€14k	€54k	better than 24% of 30861 sector peers
Total assets	€153k	€186k	better than 44% of 30907 sector peers

Revenue

€1k

+225.2% 21-25

EBITDA

€12k

-63.6% 21-25

Net profit

€2k

-93.2% 21-25

Cash flow

€3k

-89.1% 21-25

Total assets

€153k

+6.3% 21-25

Equity

€125k

+1.7% 21-25

Working capital

€121k

+0.3% 21-25

Staff costs

€0

-100.0% 21-25

Income taxes

€10k

+223.7% 21-25

Dividends

€0

-100.0% 21-25

Debt

€28k

+33.5% 21-25

Debt ≤ 1y

€28k

+33.5% 21-25

Current ratio

5.35

-21.2% 21-25

Quick ratio

5.35

-21.2% 21-25

Solvency

81.7%

-4.4% 21-25

Debt / equity

0.22

+31.3% 21-25

ROE

1.6%

-93.4% 21-25

ROA

1.3%

-93.6% 21-25

Net margin

-2264.0%

+75.1% 21-25

EBITDA margin

-1953.3%

+74.1% 21-25

Interest coverage

14.22

-80.9% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	€1k	€333
EBITDA	€12k	€34k	€-7k	€-21k	€-25k
Net profit	€2k	€30k	€-7k	€-25k	€-30k
Cash flow	€3k	€31k	€-6k	€-21k	€-26k
Staff costs	-	-	€0	€3k	€3k
Income taxes	€10k	€3k	€273	€396	€389
Dividends	-	€0	€35k	-	-
Total assets	€153k	€144k	€152k	€136k	€160k
Equity	€125k	€123k	€93k	€134k	€159k
Debt	€28k	€21k	€60k	€2k	€934
of which ≤ 1y	€28k	€21k	€60k	€2k	€934
of which > 1y	-	-	-	-	-
Working capital	€121k	€121k	€92k	€128k	€149k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	5.35	6.79	2.54	65.06	160.80
Quick ratio	5.35	6.79	2.54	65.06	160.80
Working capital ratio	79.5%	84.2%	60.1%	93.7%	93.3%
Solvency	81.7%	85.4%	60.9%	98.5%	99.4%
Debt / equity	0.22	0.17	0.64	0.01	0.01
Long-term debt ratio	-	-	-	-	-
Interest coverage	14.22	74.28	-13.36	-36.79	-57.58
Gross margin	-	-	-	-1988.2%	-7595.2%
Net margin	-	-	-	-2264.0%	-9096.7%
ROA	1.3%	20.9%	-4.5%	-18.0%	-18.9%
ROE	1.6%	24.5%	-7.3%	-18.2%	-19.0%
EBITDA margin	-	-	-	-1953.3%	-7539.0%
Days sales outstanding	-	-	-	14d	487d
Days payable outstanding	-	-	-	25d	2d
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €3k · 2.2% Current assets €149k · 97.8%

Equity & liabilities

Equity €125k · 81.7% Debt €28k · 18.3%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€153k	€144k	€152k	€136k	€160k
Fixed assets	21/28	€3k	€2k	€1k	€7k	€10k
Tangible fixed assets	22/27	€3k	€2k	€1k	€7k	€10k
Financial fixed assets	28	-	€10	€10	€10	€10
Current assets	29/58	€149k	€142k	€151k	€130k	€150k
Amounts receivable within one year	40/41	€36k	€38k	€56k	€24k	€17k
Investments	50/53	€15k	€14k	€13k	€660	-
Cash & bank	54/58	€98k	€85k	€78k	€97k	€120k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€153k	€144k	€152k	€136k	€160k
Equity	10/15	€125k	€123k	€93k	€134k	€159k
Contributions / capital	10/11	€12k	€12k	€12k	€12k	€12k
Reserves	13	€112k	€152k	€122k	€122k	€147k
Accumulated profits (losses)	14	€33	€-42k	€-42k	-	-
Amounts payable	17/49	€28k	€21k	€60k	€2k	€934
Amounts payable within one year	42/48	€28k	€21k	€60k	€2k	€934
Trade debts payable within one year	44	€15k	€4k	€33k	€2k	€171
Income statement
Turnover	70	-	-	-	€1k	€333
Gross operating margin	9900	€14k	€34k	€-6k	€-17k	€-21k
Operating result	9901	€11k	€33k	€-7k	€-24k	€-30k
Financial income	75	€2k	€290	€1k	€799	€363
Financial charges	65	€876	€460	€489	€575	€436
Result before taxes	9903	€12k	€33k	€-7k	€-24k	€-30k
Income taxes	67/77	€10k	€3k	€273	€396	€389
Net result for the period	9904	€2k	€30k	€-7k	€-25k	€-30k
Result to be appropriated	9905	€2k	€30k	€-7k	€-25k	€-30k

Directors & mandates 2 directors

Current directors & mandates

TWISK Benjamin
Director
State Gazette act 23481311 (28-12-2023)

Current
28-12-2023 → present
TWISK Jonathan
Director
State Gazette act 23481311 (28-12-2023)

Current
28-12-2023 → present

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	08-09-1992
Status	Active
Postal code	2000

Establishment units 1 location

Genuastraat 11, 2000 Antwerpen

Manufacture of basic metals

since 19922.058.956.147

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G0157/00G013	Flanders	579 m²	1 · 536 m²	17.4 m · 5 fl.

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.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

03-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €30k

Net result €30k after 3 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 6.79

Current ratio from 2.54 to 6.79; short-term debt falls from €60k to €21k.

31-12

Financial Equity above €100kEq €123k ▲32.5%

Equity rises from €93k to €123k.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-12

State Gazette act Director changes

VERLINDEN Marc

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 61 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 28 days late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

12-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 2 directors appointed Director changes·VERLINDEN Marc

TWISK Benjamin, Bestuurder
TWISK Jonathan, Bestuurder

Notary: VERLINDEN Marc · Westerlo-Tongerlo

Original publication ↗

Technical details

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      "decharge_status": "pending_next_agm",
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    },
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      "kind": "director_in",
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      "person": {
        "rrn": null,
        "name": "TWISK Benjamin",
        "address": "2000 Antwerpen, Madrasstraat 46 bus 101",
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        "profession": null,
        "birth_place": "Mortsel"
      },
      "reason": null,
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      "effective_date_qualifier": "immediate"
    },
    {
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      "person": {
        "rrn": null,
        "name": "TWISK Jonathan",
        "address": "2000 Antwerpen, Genuastraat 11 bus 302",
        "birth_date": "1991-12-20",
        "profession": null,
        "birth_place": "Mortsel"
      },
      "reason": null,
      "subkind": null,
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": "VERLINDEN Marc",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Westerlo-Tongerlo",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-28",
    "filing_date": "2023-12-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-12-22",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0448.157.222",
    "name_full": "Themis",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Business and other management consultancy70200Business consulting7022074142

Names & trade names

Legal nameNL

Themis

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