THEOFANIS
ActiveTHEOFANIS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159k and a net result of €50k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 50% of 13204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+4
Solvency56▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.23 in 2024; short-term debt: 31.5% and cash: 4.2% of total assets), and 69.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.9%
Return on assets
9.6%
Age of the figures
9 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 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 d early
2024
1 d early
2023
37 d late
2022
2 d early
2021
26 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€159k▲ 45.1%
2024 · €110k
2018: €53k
2019: €65k
2020: €76k
2021: €51k
2022: €69k
2023: €77k
2024: €110k
2018 → 2025
Total assets
€516k▲ 8.5%
2024 · €475k
2018: €117k
2019: €116k
2020: €117k
2021: €499k
2022: €500k
2023: €522k
2024: €475k
2018 → 2025
Net result
€50k▲ 53.0%
2024 · €32k
2018: €21k
2019: €12k
2020: €11k
2021: €-25k
2022: €17k
2023: €9k
2024: €32k
2018 → 2025
Working capital
€-127k▼ 18.3%
2024 · €-108k
2018: €53k
2019: €66k
2020: €57k
2021: €-96k
2022: €-87k
2023: €-145k
2024: €-108k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€69k▲ 34.0%€77k▲ 12.6%€110k▲ 41.8%€159k▲ 45.1%
Operating result€-22k-€27k€14k▼ 48.3%€51k▲ 257%€76k▲ 50.5%
Net result€-25k-€17k€9k▼ 50.4%€32k▲ 274%€50k▲ 53.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516k
Fixed assets
€481k▲ 8.4%
Current assets
€35k▲ 9.5%
Equity and liabilities €516k
Equity
€159k▲ 45.1%
Debt
€356k▼ 2.5%
The debt ratio falls from 76.9% to 69.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2024 · €79k
Cash flow
€63k▲
2024 · €61k
Solvency
30.9%▲
2024 · 23.1%
Current ratio
0.22▼
2024 · 0.23
Quick ratio
0.19▼
2024 · 0.20
Debt / equity
2.24▼
2024 · 3.33
ROE
31.1%▲
2024 · 29.5%
ROA
9.6%▲
2024 · 6.8%
Interest coverage
13.86▼
2024 · 13.88
Debt
€356k▼
2024 · €366k
Debt ≤ 1 year
€162k▲
2024 · €140k
Debt > 1 year
€194k▼
2024 · €226k
Income taxes
€20k▲
2024 · €12k
Staff costs
€63k▲
2024 · €60k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€475k€516k▲
Fixed assets21/28€443k€481k▲
Intangible fixed assets21€20k€17k▼
Tangible fixed assets22/27€39k€80k▲
Plant, machinery and equipment23€503€2k▲
Furniture and vehicles24€38k€78k▲
Other tangible fixed assets26€758€468▼
Financial fixed assets28€384k€384k=
Current assets29/58€32k€35k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€5k€9k▲
Trade receivables40€4k€9k▲
Other amounts receivable41€804-
Cash at bank and in hand54/58€20k€22k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€475k€516k▲
Equity10/15€110k€159k▲
Contributions10/11€6k€6k=
Reserves13€76k€76k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14€27k€77k▲
Amounts payable17/49€366k€356k▼
Amounts payable after more than one year17€226k€194k▼
Financial debts170/4€226k€194k▼
Amounts payable within one year42/48€140k€162k▲
Current portion of amounts payable after more than one year42€42k€45k▲
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Taxes, remuneration and social security45€24k€30k▲
Taxes450/3€11k€14k▲
Remuneration and social security454/9€13k€15k▲
Other amounts payable47/48€64k€76k▲
Income statement
Code20242025
Remuneration, social security and pensions62€60k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€13k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€142k€154k▲
Operating profit (loss)9901€51k€76k▲
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€45k€70k▲
Income taxes67/77€12k€20k▲
Profit (loss) for the period9904€32k€50k▲
Profit (loss) for the period to be appropriated9905€32k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€77k▲
Profit (loss) brought forward from the previous period14P€-5k€27k▲
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €50k ▲53%
Operating result €76k, net result €50k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲45.1%
4 profitable years in a row build equity to €159k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €110k ▲41.8%
3 profitable years in a row build equity to €110k.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-25k ▼325%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Dendermonde · 1 establishment unit since 2021
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.
Bogaerdstraat (DEN) 69200 DendermondeGround area
111 m²
Building footprint
111 m²
Volume, LiDAR
701 m³
Parcel 42006D0423/00_000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bogaerdstraat (DEN) 6, 9200 Dendermonde
since 20212.323.313.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006D0423/00_000 | Flanders | 111 m² | 1 · 111 m² | 10.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.323.313.811
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 8,965 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.