THEOCO
ActiveTHEOCO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €284k and a net result of €53k. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 88% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 8.2 against 4.7 in 2023; short-term debt: 12.2% and cash: 83.4% of total assets), and 12.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.8%
Return on assets
16.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
37 d early
2022
41 d early
2021
34 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€284k▲ 23.1%
2023 · €231k
2021: €98k
2022: €159k
2023: €231k
2021 → 2024
Total assets
€324k▲ 10.5%
2023 · €293k
2021: €145k
2022: €232k
2023: €293k
2021 → 2024
Net result
€53k▼ 25.6%
2023 · €72k
2021: €93k
2022: €61k
2023: €72k
2021 → 2024
Working capital
€284k▲ 23.3%
2023 · €231k
2021: €97k
2022: €158k
2023: €231k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€98k-€159k▲ 62.9%€231k▲ 45.1%€284k▲ 23.1%
Operating result€135k-€88k▼ 34.9%€102k▲ 16.4%€75k▼ 26.6%
Net result€93k-€61k▼ 33.7%€72k▲ 16.8%€53k▼ 25.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €324k
Fixed assets
€163▼ 60.8%
Current assets
€324k▲ 10.6%
Equity and liabilities €324k
Equity
€284k▲ 23.1%
Debt
€39k▼ 36.6%
The debt ratio falls from 21.2% to 12.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▼
2023 · €103k
Cash flow
€54k▼
2023 · €73k
Solvency
87.8%▲
2023 · 78.8%
Current ratio
8.20▲
2023 · 4.70
Quick ratio
8.20▲
2023 · 4.70
Debt / equity
0.14▼
2023 · 0.27
ROE
18.8%▼
2023 · 31.1%
ROA
16.5%▼
2023 · 24.5%
Interest coverage
78.37▼
2023 · 80.11
Debt
€39k▼
2023 · €62k
Debt ≤ 1 year
€39k▼
2023 · €62k
Income taxes
€22k▼
2023 · €30k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€293k€324k▲
Fixed assets21/28€416€163▼
Tangible fixed assets22/27€416€163▼
Plant, machinery and equipment23€416€163▼
Current assets29/58€293k€324k▲
Amounts receivable within one year40/41€41k€54k▲
Trade receivables40€13k€8k▼
Other amounts receivable41€29k€46k▲
Cash at bank and in hand54/58€252k€270k▲
Deferred charges and accrued income490/1€53€0▼
Equity and liabilities
Total equity and liabilities10/49€293k€324k▲
Equity10/15€231k€284k▲
Contributions10/11€5k€5k=
Reserves13€226k€279k▲
Distributable reserves133€226k€279k▲
Amounts payable17/49€62k€39k▼
Amounts payable within one year42/48€62k€39k▼
Trade debts44€424€225▼
Suppliers440/4€424€225▼
Taxes, remuneration and social security45€62k€39k▼
Taxes450/3€62k€39k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€687€253▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€104k€77k▼
Operating profit (loss)9901€102k€75k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€1k€961▼
Recurring financial charges65€1k€961▼
Profit (loss) for the period before taxes9903€102k€76k▼
Income taxes67/77€30k€22k▼
Profit (loss) for the period9904€72k€53k▼
Profit (loss) for the period to be appropriated9905€72k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€53k▼
Transfer to equity691/2€72k€53k▼
To other reserves6921€72k€53k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €53k ▼25.6%
Net result drops to €53k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €231k ▲45.1%
3 profitable years in a row build equity to €231k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €159k ▲62.9%
2 profitable years in a row build equity to €159k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Willebroek · 1 establishment unit since 2020
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.
Mechelsesteenweg 2632830 WillebroekGround area
4,855 m²
Building footprint
285 m²
Volume, LiDAR
3,029 m³
Parcel 12004B0337/00M000, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
THEOCO
since 20202.307.152.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12004B0337/00M000 | Flanders | 4,855 m² | 1 · 285 m² | 15.6 m · 4 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.
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 4,911 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-08-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.