Turnover
≈ €190,000 estimated
The micro format states no turnover.
THFM
Lifetime
1 annual account with figurespeak €38,128 (2025)
€38,128
peak €3,053 (2025)
€3,053
peak €8,053 (2025)
€8,053
€49,318
Board1 name since 2024
1 directorYILDIRIM Ferruh
Documentsfilings and deeds
02-10-2025121 days before the deadline
2025micro format
First year with figures
Key points
from the 2025 annual accountsDebts
€49,318 86% of the balance sheet
Suppliers 60%Taxes and wages 6%Other 34%
Starting capital
€5,000 100 shares
Checked score
37
Weak
Financially stronger than 34% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 3.9%lowest value
07-2025: 3.9%● unchanged vs 06-2025lowest value
08-2025: 4.1%▲ +0.2 percentage points vs 07-2025
09-2025: 4.4%▲ +0.3 percentage points vs 08-2025
10-2025: 4.6%▲ +0.2 percentage points vs 09-2025
11-2025: 4.6%● unchanged vs 10-2025
12-2025: 4.6%● unchanged vs 11-2025
01-2026: 4.9%▲ +0.3 percentage points vs 12-2025
02-2026: 4.9%● unchanged vs 01-2026
03-2026: 4.8%▼ -0.1 percentage points vs 02-2026
04-2026: 4.8%● unchanged vs 03-2026
05-2026: 4.9%▲ +0.1 percentage points vs 04-2026
06-2026: 4.9%● unchanged vs 05-2026
07-2026: 4.8%▼ -0.1 percentage points vs 06-2026
08-2026: 4.8%● unchanged vs 07-2026
09-2026: 4.9%▲ +0.1 percentage points vs 08-2026
10-2026: 5.2%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 5.1%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Sector: Food and beverage service activities (NACE 56)
Size: total assets €57,371
Liquidity: current ratio 0.72, cash €2,396
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 56, micro). It does better than 37% of them on solvency, 8% on liquidity and 58% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as THFM has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of THFM itself is higher: 5.1% within 12 months. It rests on far more data about THFM than the profile alone.
Test of the method
The method was tested on the 497,447 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 7,976 companies, not a prediction for THFM. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.72, below 1. Short-term debt is 86% and cash 4.2% of total assets. 86% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-10-2025, 121 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
121 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1009576988
Incorporation
Founding capital of €5,000, 100 shares · Founder: YILDIRIM Ferruh · Appointment: YILDIRIM Ferruh (director) · published on 24-05-2024 · Gazette deed
First establishment
Gentsestraat 87, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THFM Ninove | €57,371 | €38,128 | 14.0% | - |
| XAAF GROUP Sint-Niklaas | €58,578 | €40,906 | 87.1% | - |
| TNZ Ghent | €51,894 | €44,683 | 19.7% | - |
| DAVLEX Woluwe-Saint-Pierre | €60,880 | €36,511 | 38.4% | - |
| PIZZA ROMA - LIÈGE Liège | €53,361 | €34,013 | 34.6% | - |
| GUSTO M&O Tournai | €53,386 | €41,389 | 3.0% | - |
| PITIVIER EVENTS Sint-Genesius-Rode | €65,334 | €41,047 | 46.8% | - |
These companies have the same main activity as THFM: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €51,900 and €65,300, founded in 2024.
Official details
Source: KBO- Status
- Active since 22-05-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.359.641.7949400 Ninove, since 22-05-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 03-02-2026
Annual accounts to 30-06-2025
- €57,371
- Filing
- Filed on 02-10-2025, 121 days before the end of the filing period
Insights on THFM
The computed 12-month bankruptcy probability of THFM is 5.1% (elevated). The 2025 annual accounts show equity of €8,053 and a net result of €3,053.
Its solvency ranks better than 37% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 THFM
- What is the company number of THFM?
- The company number of THFM is 1009.576.988. The VAT number is the same number with BE in front: BE 1009.576.988.
- Where is THFM based?
- The registered office is at Gentsestraat 87, 9400 Ninove.Company details
- What does THFM do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of THFM?
- THFM is a private limited company (BV).
- When was THFM founded?
- THFM was founded on 22-05-2024.
- Is THFM still active?
- Yes, THFM is an active enterprise in the KBO register.
- What is the turnover of THFM?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €38,128 and 60 comparable companies (NACE 56111). It probably lies between €150,000 and €250,000.Financials
- Is THFM profitable?
- In financial year 2025, THFM made a profit of €3,053.
- Where can I find the annual accounts of THFM?
- THFM filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark Estimate what this company is worth.Value indication
See how customers, suppliers and banks see your own company and what to improve first.