ThiCon
ActiveSummary
ThiCon has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209,369 and a net result of €90,018. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency91▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.96 in 2024; short-term debt: 33.5% and cash: 2.9% of total assets), and 33.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
66.5%
Return on assets
28.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
119 d early
2023
26 d early
2022
33 d early
2021
6 d early
2020
25 d late
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€209,369=
2024 · €209,369
Total assets
€315,027▲ 10.4%
2024 · €285,412
Net result
€90,018▲ 9.2%
2024 · €82,461
Working capital
€167,593▲ 12.4%
2024 · €149,170
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€76,011▲ 55.5%€77,936▲ 2.5%€97,160▲ 24.7%€104,684▲ 7.7%€112,363▲ 7.3%
Net result€54,499▲ 58.1%€57,206▲ 5.0%€70,451▲ 23.2%€82,461▲ 17.0%€90,018▲ 9.2%
Equity€172,691▲ 34.7%€174,939▲ 1.3%€225,530▲ 28.9%€209,369▼ 7.2%€209,369=
Total assets€221,923▲ 41.9%€268,589▲ 21.0%€264,530▼ 1.5%€285,412▲ 7.9%€315,027▲ 10.4%
Debt€49,232▲ 74.6%€93,650▲ 90.2%€39,000▼ 58.4%€76,043▲ 95.0%€105,658▲ 38.9%
Working capital€153,134▲ 35.8%€152,662▼ 0.3%€179,009▲ 17.3%€149,170▼ 16.7%€167,593▲ 12.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315,027
Fixed assets
€41,776 ▼ 30.6%
Current assets
€273,251 ▲ 21.3%
Equity and liabilities €315,027
Equity
€209,369 =
Debt
€105,658 ▲ 38.9%
Debt's share of the balance-sheet total rises from 26.6% to 33.5%. Debt is higher.
Key figures and ratios
EBITDA
€120,550▲
2024 · €117,200
Cash flow
€98,206▲
2024 · €94,976
Current ratio
2.59▼
2024 · 2.96
Debt to equity
0.50▲
2024 · 0.36
ROE
43.0%▲
2024 · 39.4%
ROA
28.6%▼
2024 · 28.9%
Interest coverage
86.03▼
2024 · 160.83
Debt ≤ 1 year
€105,658▲
2024 · €76,043
Income taxes
€27,035▲
2024 · €25,704
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,240 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,755 | €3,170 | €6,554 | €12,516 | €8,188 | ▼ 34.6% |
| Other operating charges640/8 | €1,071 | €1,958 | €1,217 | €1,444 | €1,318 | ▼ 8.8% |
| Gross operating margin9900 | €79,836 | €83,063 | €104,931 | €118,644 | €121,868 | ▲ 2.7% |
| Operating profit (loss)9901 | €76,011 | €77,936 | €97,160 | €104,684 | €112,363 | ▲ 7.3% |
| Financial income75/76B | €245 | €161 | €3,858 | €4,209 | €6,092 | ▲ 44.7% |
| Recurring financial income75 | €245 | €161 | €3,858 | €4,209 | €6,092 | ▲ 44.7% |
| Financial charges65/66B | €966 | €3,494 | €1,036 | €729 | €1,401 | ▲ 92.3% |
| Recurring financial charges65 | €966 | €697 | €1,036 | €729 | €1,401 | ▲ 92.3% |
| Non-recurring financial charges66B | - | €2,797 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €75,290 | €74,603 | €99,983 | €108,165 | €117,053 | ▲ 8.2% |
| Income taxes67/77 | €20,791 | €17,397 | €29,532 | €25,704 | €27,035 | ▲ 5.2% |
| Profit (loss) for the period9904 | €54,499 | €57,206 | €70,451 | €82,461 | €90,018 | ▲ 9.2% |
| Profit (loss) for the period to be appropriated9905 | €54,499 | €57,206 | €70,451 | €82,461 | €90,018 | ▲ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,923 | €268,589 | €264,530 | €285,412 | €315,027 | ▲ 10.4% |
| Fixed assets21/28 | €28,480 | €26,766 | €47,008 | €60,200 | €41,776 | ▼ 30.6% |
| Intangible fixed assets21 | €359 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €28,096 | €26,741 | €46,983 | €60,175 | €41,751 | ▼ 30.6% |
| Land and buildings22 | €20,258 | €19,710 | €19,163 | €18,615 | €18,068 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | €1,117 | €632 | €146 | €0 | ▼ 100% |
| Furniture and vehicles24 | €7,072 | €5,914 | €21,686 | €16,935 | €5,350 | ▼ 68.4% |
| Other tangible fixed assets26 | €766 | €0 | €5,503 | €24,478 | €18,334 | ▼ 25.1% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €193,443 | €241,823 | €217,522 | €225,212 | €273,251 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €9,518 | €35,951 | €56,386 | €48,403 | €43,159 | ▼ 10.8% |
| Trade receivables40 | €9,500 | €35,951 | €56,386 | €48,389 | €43,159 | ▼ 10.8% |
| Other amounts receivable41 | €18 | - | - | €14 | €0 | ▼ 100% |
| Current investments50/53 | €180,156 | €194,209 | €152,156 | €155,779 | €212,773 | ▲ 36.6% |
| Cash at bank and in hand54/58 | €3,768 | €11,662 | €8,981 | €10,500 | €9,103 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | - | - | - | €10,530 | €8,217 | ▼ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,923 | €268,589 | €264,530 | €285,412 | €315,027 | ▲ 10.4% |
| Equity10/15 | €172,691 | €174,939 | €225,530 | €209,369 | €209,369 | = |
| Contributions10/11 | €6,200 | €18,600 | €600 | €600 | €600 | = |
| Reserves13 | €166,491 | €156,339 | €224,930 | €208,769 | €208,769 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | €4,704 | €4,704 | €4,704 | €4,704 | €4,704 | = |
| Distributable reserves133 | €159,927 | €151,635 | €220,226 | €204,065 | €204,065 | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €49,232 | €93,650 | €39,000 | €76,043 | €105,658 | ▲ 38.9% |
| Amounts payable after more than one year17 | €8,923 | €4,489 | €0 | - | - | - |
| Financial debts170/4 | €8,923 | €4,489 | €0 | - | - | - |
| Amounts payable within one year42/48 | €40,309 | €89,161 | €38,514 | €76,043 | €105,658 | ▲ 38.9% |
| Current portion of amounts payable after more than one year42 | €4,380 | €4,434 | €4,489 | €0 | - | - |
| Financial debts43 | €3,874 | €978 | €4,981 | €3,527 | €3,942 | ▲ 11.8% |
| Credit institutions430/8 | €3,874 | €978 | - | - | - | - |
| Other loans439 | - | - | €4,981 | €3,527 | €3,942 | ▲ 11.8% |
| Trade debts44 | €11,307 | €10,242 | €611 | €799 | €929 | ▲ 16.2% |
| Suppliers440/4 | €11,307 | €10,242 | €611 | €799 | €929 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €11,655 | €16,131 | €21,176 | €8,854 | €6,556 | ▼ 25.9% |
| Taxes450/3 | €11,655 | €16,131 | €21,176 | €8,854 | €6,556 | ▼ 25.9% |
| Other amounts payable47/48 | €9,093 | €57,375 | €7,257 | €62,863 | €94,231 | ▲ 49.9% |
| Accrued charges and deferred income492/3 | - | - | €486 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,499 | €57,206 | €70,451 | €82,461 | €90,018 | ▲ 9.2% |
| + Depreciation and write-downs630 | €2,755 | €3,170 | €6,554 | €12,516 | €8,188 | ▼ 34.6% |
| Operating cash flow (approximation) | €57,253 | €60,376 | €77,005 | €94,976 | €98,206 | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | -€1,456 | -€26,796 | -€25,708 | €10,236 | ▲ 140% |
| Change in cash | - | €7,894 | -€2,682 | €1,519 | -€1,397 | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €90,018 ▲9.2%
Operating result €112,363, net result €90,018, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.65
Current ratio from 2.71 to 5.65; short-term debt falls from €89,161 to €38,514.
31-12
Financial
Equity above €200,000Eq €225,530 ▲28.9%
6 profitable years in a row build equity to €225,530.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €172,691 ▲34.7%
4 profitable years in a row build equity to €172,691.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €34,479 ▼12.4%
Net result drops to €34,479, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 8.57
Current ratio from 3.31 to 8.57; short-term debt falls from €37,349 to €14,899.
Show earlier events
31-12
Financial
Equity above €100,000Eq €128,192 ▲36.8%
3 profitable years in a row build equity to €128,192.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oudenaarde · 1 establishment unit since 2015
Ground area
380 m²
Building footprint
149 m²
Volume, LiDAR
1,321 m³
Parcel 45035A0064/00F000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ThiCon
since 20152.239.238.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035A0064/00F000 | Flanders | 380 m² | 1 · 149 m² | 12.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,399 EUR awarded · 2,399 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 390 EUR | 390 EUR |
| 2023 | 1 | 2,009 EUR | 2,009 EUR |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 14,575 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.