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THEO SERVICES

Active
Private limited companyfounded 20233 yrs activeRomeinsesteenweg 63, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0802.511.484
Summary

The computed 12-month bankruptcy probability of THEO SERVICES is 3.6% (moderate). The 2025 annual accounts show equity of €3,971 and a net result of -€3,747. Its solvency ranks better than 38% of 28184 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency61▲+15
Growth32
Track record94
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.56 against 1.27 in 2024; short-term debt: 64.1% and cash: 1.2% of total assets), but 64.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
35.9%
Return on assets
-33.9%
Age of the figures
11 mo
neutral · Filed after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 05-07-2026, 35 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 · 2 filings
Deviation from the deadline
2025
35 d late
2024
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-10-2026 close31-05-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THEO SERVICES was incorporated on 7 June 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
€110,891
EBIT margin
6.7%
Net result
-€3,747
2024 · €5,718
Working capital
€3,971▼ 48.5%
2024 · €7,718
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20242025
Turnover€110,891-
Operating result€7,444--€3,668
Net result€5,718within the sector's middle half--€3,747below the sector's middle half
EBIT margin6.7%-
Equity€7,718below the sector's middle half-€3,971below the sector's middle half▼ 48.5%
Total assets€36,441below the sector's middle half-€11,067below the sector's middle half▼ 69.6%
Debt€28,723-€7,096▼ 75.3%
Working capital€7,718-€3,971▼ 48.5%
Solvency21.2%below the sector's middle half-35.9%within the sector's middle half▲ 14.7pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
-€5,000€0€5,000Operating result 2024: €7,444€7,444Net result 2024: €5,718€5,718Operating result 2025: -€3,668-€3,668Net result 2025: -€3,747-€3,74720242025-€5,000€0€5,000Operating result 2024: €7,444€7,440Net result 2024: €5,718€5,720Operating result 2025: -€3,668-€3,670Net result 2025: -€3,747-€3,75020242025
The operating result turns negative in 2025: a loss of €3,668 after €7,444 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €11,067
Equity €3,971 ▼ 48.5%
Debt €7,096 ▼ 75.3%
Debt's share of the balance-sheet total falls from 78.8% to 64.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.56▲
2024 · 1.27
Debt to equity
1.79▼
2024 · 3.72
ROE
-94.4%▼
2024 · 74.1%
ROA
-33.9%▼
2024 · 15.7%
Debt ≤ 1 year
€7,096▼
2024 · €28,723
Staff costs
€387▼
2024 · €507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 3,225 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€36,441€11,067▼
Current assets29/58€36,441€11,067▼
Amounts receivable within one year40/41€28,416€10,937▼
Trade receivables40€12,431€10,821▼
Other amounts receivable41€15,986€116▼
Cash at bank and in hand54/58€8,025€130▼
Equity and liabilities
Total equity and liabilities10/49€36,441€11,067▼
Equity10/15€7,718€3,971▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€5,718€1,971▼
Amounts payable17/49€28,723€7,096▼
Amounts payable within one year42/48€28,723€7,096▼
Trade debts44€27,104-
Suppliers440/4€971-
Bills of exchange payable441€26,133-
Taxes, remuneration and social security45€1,619-
Taxes450/3€1,619-
Other amounts payable47/48-€7,096
Income statement Code20242025
Turnover70€110,891-
Goods, raw materials, services and sundry goods60/61€102,147€2,964▼
Remuneration, social security and pensions62€507€387▼
Other operating charges640/8€793€317▼
Gross operating margin9900€8,744-€2,964▼
Operating profit (loss)9901€7,444-€3,668▼
Financial charges65/66B€106€79▼
Recurring financial charges65€106€79▼
Profit (loss) for the period before taxes9903€7,338-€3,747▼
Income taxes67/77€1,619-
Profit (loss) for the period9904€5,718-€3,747▼
Profit (loss) for the period to be appropriated9905€5,718-€3,747▼
Appropriation of the result
Profit (loss) to be appropriated9906€5,718€1,971▼
Profit (loss) brought forward from the previous period14P-€5,718

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Turnover70€110,891--
Goods, raw materials, services and sundry goods60/61€102,147€2,964▼ 97.1%
Remuneration, social security and pensions62€507€387▼ 23.6%
Other operating charges640/8€793€317▼ 60.0%
Gross operating margin9900€8,744-€2,964▼ 134%
Operating profit (loss)9901€7,444-€3,668▼ 149%
Financial charges65/66B€106€79▼ 25.4%
Recurring financial charges65€106€79▼ 25.4%
Profit (loss) for the period before taxes9903€7,338-€3,747▼ 151%
Income taxes67/77€1,619--
Profit (loss) for the period9904€5,718-€3,747▼ 166%
Profit (loss) for the period to be appropriated9905€5,718-€3,747▼ 166%
Line20242025Change
Assets
Total assets20/58€36,441€11,067▼ 69.6%
Current assets29/58€36,441€11,067▼ 69.6%
Amounts receivable within one year40/41€28,416€10,937▼ 61.5%
Trade receivables40€12,431€10,821▼ 13.0%
Other amounts receivable41€15,986€116▼ 99.3%
Cash at bank and in hand54/58€8,025€130▼ 98.4%
Equity and liabilities
Total equity and liabilities10/49€36,441€11,067▼ 69.6%
Equity10/15€7,718€3,971▼ 48.5%
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€5,718€1,971▼ 65.5%
Amounts payable17/49€28,723€7,096▼ 75.3%
Amounts payable within one year42/48€28,723€7,096▼ 75.3%
Trade debts44€27,104--
Suppliers440/4€971--
Bills of exchange payable441€26,133--
Taxes, remuneration and social security45€1,619--
Taxes450/3€1,619--
Other amounts payable47/48-€7,096-
Line20242025Change
Profit (loss) for the period9904€5,718-€3,747▼ 166%
Operating cash flow (approximation)€5,718-€3,747▼ 166%
Change in cash--€7,895-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-05-2027
2026
05-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
727 m²
Building footprint
130 m²
Volume, LiDAR
730 m³
Parcel 23645B0035/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
THEO SERVICES SRL
Romeinsesteenweg 63, 1800 VilvoordeManufacture of electrical equipment
since 20232.346.315.776
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23645B0035/00C000 Flanders 727 m² 1 · 130 m² 9.1 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.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 2,624 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
Founded07-06-2023
Fiscal year end31-10
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
81210General cleaning of buildings
Contact
Phone 0475337498
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802511484
Also 9925:BE0802511484
Registered 31-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.