Equity
THERAL has made a profit in every financial year since 2006.
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THERAL has made a profit in every financial year since 2006.
The last five annual accounts were filed 45 to 51 days before the end of the period.
Higher solvency than 85% of companies in wholesale trade. Sector median 42.9% · 9,905 companies.
In July 2024, 20,137 companies had the same profile as THERAL has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for THERAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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| Company | ||||
|---|---|---|---|---|
| THERAL Sint-Gillis (bij-Brussel) | €1.3m | €111,531 | 81.8% | - |
| DECO - INVEST Waregem | €1.3m | €105,160 | 44.9% | 0.5 |
| FRAMAVER Kortrijk | €1.3m | €99,502 | 45.4% | - |
| TRUCK SERVICE ASSENEDE Lievegem | €1.1m | €89,377 | 48.8% | 0 |
| AMBICO Schaerbeek | €1.3m | €82,835 | 81.8% | - |
| AMARE Lochristi | €1.0m | €139,195 | 29.9% | 0 |
| GLOBAL RESTYLING SERVICES Zandhoven | €0.9m | €97,002 | 7.8% | - |
These companies have the same main activity as THERAL: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €904,000 and €1.3m, founded between 1990 and 2001.
THERAL files the abbreviated format. That format states no turnover. The gross margin rose from €77,857 in 2006 to €111,531 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.
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