Equity
€186,617 ▼ 1.6%
THEODELA MANAGEMENT has made a profit in every financial year since 2015.
THEODELA MANAGEMENT
Lifetime
11 annual accounts with figures on one time axisGross marginpeak €52,919 (2023)
€51,172▲ 7.9%
Resultpeak €26,983 (2025)
€26,983▲ 86.5%
Equitypeak €189,634 (2024)
€186,617▼ 1.6%
Debts
€367,730▼ 1.4%
Board2 names since 2021
1 directorCARION Stefan Sonja Theodoor
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Result from €14,465 to €26,983Change of role: CARION Edmund Gustav, from statutory director… 20-01Cash from €113,686 to €148,384
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 40% of micro companies in water transport (NACE 50)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 261 companies (NACE 50, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Size: total assets €554,347
Sector: Water transport (NACE 50)
Figures for financial year 2025 (filed on 13-07-2026)
Liquidity: current ratio 0.48, cash €148,384
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 50, micro). It does better than 46% of them on solvency, 36% on liquidity, 42% on profitability and 36% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.48 (0.46 in 2024), below 1. Short-term debt is 64.3% and cash 26.8% of total assets. 66.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 days early
2024
15 days early
2023
2 days early
2022
3 days early
2021
5 days early
2020
8 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 50), the median for financial year 2024 was 3 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0507850824
Change of role: CARION Edmund Gustav, from statutory director to successor statutory director
Appointment: CARION Stefan Sonja Theodoor (statutory director) · Director discharge: CARION Edmund Gustav (statutory director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 30-12-2024 · Gazette deed
Incorporation
published on 05-01-2015 · Gazette deed
First establishment
Louis Kieboomsstraat 2, Antwerp
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| THEODELA MANAGEMENT Antwerp | €554,347 | €51,172 | 33.7% | - |
| Flotille Antwerp | €548,361 | €48,250 | 15.5% | - |
| Fr. Hellebosch Schoten | €307,602 | €49,406 | 92.5% | - |
| STENA-SHIPPING Antwerp | €544,481 | €103,674 | 36.1% | - |
| Muzara Shipping Stekene | €499,430 | €85,139 | 39.5% | - |
| Movado Ghent | €532,410 | €125,972 | 28.8% | - |
| MATNIC Antwerp | €271,992 | €25,700 | 51.8% | - |
These companies have the same main activity as THEODELA MANAGEMENT: inland freight water transport (NACE 50400). They are comparable in size and age: total assets between €272,000 and €548,000, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 31-12-2014Normal situation
- Activity
- Inland freight water transportNACE 50400
- Establishment unit
- 2.238.704.1742610 Antwerp, since 31-12-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 05-09-2025
Annual accounts 2025
- Total assets
- €554,347▼ 1.5%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on THEODELA MANAGEMENT
THEODELA MANAGEMENT files the abbreviated format. That format states no turnover. The gross margin rose from €45,627 in 2015 to €51,172 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THEODELA MANAGEMENT
- What is the company number of THEODELA MANAGEMENT?
- The company number of THEODELA MANAGEMENT is 0507.850.824. The VAT number is the same number with BE in front: BE 0507.850.824.
- Where is THEODELA MANAGEMENT based?
- The registered office is at Louis Kieboomsstraat 2, 2610 Antwerp.Company details
- What does THEODELA MANAGEMENT do?
- According to the KBO register, the main activity is inland freight water transport (NACE 50400).
- What is the legal form of THEODELA MANAGEMENT?
- THEODELA MANAGEMENT is a private limited company (BV).
- When was THEODELA MANAGEMENT founded?
- THEODELA MANAGEMENT was founded on 31-12-2014.
- Is THEODELA MANAGEMENT still active?
- Yes, THEODELA MANAGEMENT is an active enterprise in the KBO register.
- What is the turnover of THEODELA MANAGEMENT?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €51,172 and 1,295 comparable companies of the same size. It probably lies between €87,000 and €270,000. It is a rough estimate.Financials
- Is THEODELA MANAGEMENT profitable?
- In financial year 2025, THEODELA MANAGEMENT made a profit of €26,983.
- Where can I find the annual accounts of THEODELA MANAGEMENT?
- THEODELA MANAGEMENT filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THEODELA MANAGEMENT due?
- THEODELA MANAGEMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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