Equity
THEWO paid out €205,000 in dividends. That is 145% of the 2025 profit.
THEWO paid out €205,000 in dividends. That is 145% of the 2025 profit.
The last five annual accounts were filed 11 to 101 days before the end of the period.
Higher net result than 91% of companies in head offices and management consultancy. Sector median €26,440 · 41,264 companies.
In July 2024, 26,973 companies had the same profile as THEWO has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for THEWO. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| THEWO Sint-Niklaas | €155,137 | €208,186 | 92.2% | - |
| ASTRAEA Destelbergen | €176,911 | €235,614 | 31.6% | - |
| p53 Consulting Ronse | €193,084 | €232,459 | 1.7% | - |
| HORSTEN B&M Merksplas | €169,900 | €209,023 | 86.7% | - |
| VDH RISK & ACTUARIAL ADVISORY Mechelen | €161,484 | €204,537 | 90.1% | - |
| BLACKBOXED Kontich | €145,485 | €200,529 | -419.9% | - |
| Camel Q Antwerp | €164,293 | €194,289 | 3.0% | - |
These companies have the same main activity as THEWO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €145,000 and €193,000, founded in 2020.
THEWO files the micro format. That format states no turnover. The gross margin rose from €49,186 in 2020 to €208,186 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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