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THEOLEA

Active
Private limited companyfounded 20242 yrs activeRue de la Bienfaisance 10, 7800 Ath, BelgiumKBO/BCE: BE 1009.487.413
Summary

The computed 12-month bankruptcy probability of THEOLEA is 6.5% (elevated). The 2025 annual accounts show negative equity (-€8,069) and a net result of -€18,069. Its solvency ranks better than 23% of 13617 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability31
Solvency18
Growth-
Track record67
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12; short-term debt: 106.9% and cash: 2.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
-6.9%
Return on assets
-15.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

THEOLEA was incorporated on 17 May 2024 as a Private limited company.1 The company has filed annual accounts once, 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

Equity
-€8,069
Total assets
€117,643
Net result
-€18,069
Working capital
-€110,016

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €116,914
Fixed assets €101,218
Current assets €15,696
Key figures and ratios
2025 value
EBITDA
€15,718
Cash flow
€11,452
Solvency
-6.9%
Current ratio
0.12
Quick ratio
0.05
Debt to equity
-15.58
ROA
-15.4%
Interest coverage
3.68
Debt
€125,712
Debt ≤ 1 year
€125,712
Staff costs
€250,427

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€117,643
Formation expenses20€729
Fixed assets21/28€101,218
Intangible fixed assets21€48,103
Tangible fixed assets22/27€48,539
Plant, machinery and equipment23€48,539
Financial fixed assets28€4,576
Current assets29/58€15,696
Stocks and contracts in progress3€9,458
Stocks30/36€9,458
Amounts receivable within one year40/41€790
Trade receivables40€763
Other amounts receivable41€27
Cash at bank and in hand54/58€2,897
Deferred charges and accrued income490/1€2,551
Equity and liabilities
Total equity and liabilities10/49€117,643
Equity10/15-€8,069
Contributions10/11€10,000
Profit (loss) carried forward14-€18,069
Amounts payable17/49€125,712
Amounts payable within one year42/48€125,712
Financial debts43€79,361
Other loans439€79,361
Trade debts44€22,557
Suppliers440/4€22,557
Taxes, remuneration and social security45€23,794
Taxes450/3€10,715
Remuneration and social security454/9€13,079
Income statement Code2025
Non-recurring operating income76A€1,057
Remuneration, social security and pensions62€250,427
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,521
Other operating charges640/8€2,857
Gross operating margin9900€269,002
Operating profit (loss)9901-€13,803
Financial income75/76B€10
Recurring financial income75€10
Financial charges65/66B€4,276
Recurring financial charges65€4,276
Profit (loss) for the period before taxes9903-€18,069
Profit (loss) for the period9904-€18,069
Profit (loss) for the period to be appropriated9905-€18,069
Appropriation of the result
Profit (loss) to be appropriated9906-€18,069

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€1,057
Remuneration, social security and pensions62€250,427
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,521
Other operating charges640/8€2,857
Gross operating margin9900€269,002
Operating profit (loss)9901-€13,803
Financial income75/76B€10
Recurring financial income75€10
Financial charges65/66B€4,276
Recurring financial charges65€4,276
Profit (loss) for the period before taxes9903-€18,069
Profit (loss) for the period9904-€18,069
Profit (loss) for the period to be appropriated9905-€18,069
Line2025
Assets
Total assets20/58€117,643
Formation expenses20€729
Fixed assets21/28€101,218
Intangible fixed assets21€48,103
Tangible fixed assets22/27€48,539
Plant, machinery and equipment23€48,539
Financial fixed assets28€4,576
Current assets29/58€15,696
Stocks and contracts in progress3€9,458
Stocks30/36€9,458
Amounts receivable within one year40/41€790
Trade receivables40€763
Other amounts receivable41€27
Cash at bank and in hand54/58€2,897
Deferred charges and accrued income490/1€2,551
Equity and liabilities
Total equity and liabilities10/49€117,643
Equity10/15-€8,069
Contributions10/11€10,000
Profit (loss) carried forward14-€18,069
Amounts payable17/49€125,712
Amounts payable within one year42/48€125,712
Financial debts43€79,361
Other loans439€79,361
Trade debts44€22,557
Suppliers440/4€22,557
Taxes, remuneration and social security45€23,794
Taxes450/3€10,715
Remuneration and social security454/9€13,079
Line2025
Profit (loss) for the period9904-€18,069
+ Depreciation and write-downs630€29,521
Operating cash flow (approximation)€11,452

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

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 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, Ath · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
147 m²
Building footprint
45 m²
Volume, LiDAR
378 m³
Parcel 51004B0807/00P088, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
O' fourneaux
Rue de la Bienfaisance 10, 7800 AthFull-service restaurants
since 20242.359.999.904
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51004B0807/00P088 Wallonia 147 m² 1 · 45 m² 10.7 m · 3 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ath2.359.999.904
1 permission
Toelating · Eetgelegenheid · since 21-06-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56220Contract catering and other food service activities
Contact
E-mail info@ofourneaux.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009487413
Registered 05-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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