THINFACTORY
InactiveInactive; last annual accounts for fiscal year 2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 25-02-2026 was due by 25-09-2026 and was filed on 28-04-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
150 d early
2025
104 d early
2024
137 d early
2023
148 d early
2022
151 d early
2021
149 d early
2020
140 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 140 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2026, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€620,732=
2025 · €620,805
Total assets
€620,732▼ 2.9%
2025 · €639,008
Net result
-€73▲ 99.3%
2025 · -€10,009
Working capital
€620,732=
2025 · €620,805
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
Line20222023202420252026
Operating result-€87,740▲ 62.7%€149,409€556,567▲ 273%-€7,573€485
Net result-€93,138▲ 61.6%€147,980€552,936▲ 274%-€10,009-€73▲ 99.3%
Equity-€70,103€77,877€630,813▲ 710%€620,805▼ 1.6%€620,732=
Total assets€242,227▲ 5.3%€614,779▲ 154%€751,453▲ 22.2%€639,008▼ 15.0%€620,732▼ 2.9%
Debt€312,330▲ 50.8%€536,902▲ 71.9%€120,639▼ 77.5%€18,203▼ 84.9%€0▼ 100%
Working capital-€82,790€66,475€630,813▲ 849%€620,805▼ 1.6%€620,732=
Staff (FTE)3.3▼ 35.3%2.1▼ 36.4%2▼ 4.8%2=0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €485 after a loss of €7,573 in 2025.
Key figures and ratios
Solvency
100.0%▲
2025 · 97.2%
Debt to equity
0.00▼
2025 · 0.03
ROE
0.0%▲
2025 · -1.6%
ROA
0.0%▲
2025 · -1.6%
Debt ≤ 1 year
€0▼
2025 · €18,203
Staff costs
€0▼
2025 · €98,323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €271,255 | €113,019 | €171,393 | €98,323 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,437 | €0 | - | - | - | - |
| Other operating charges640/8 | €0 | - | €132 | €141 | €144 | ▲ 2.6% |
| Gross operating margin9900 | €185,951 | €262,428 | €728,091 | €90,890 | €629 | ▼ 99.3% |
| Operating profit (loss)9901 | -€87,740 | €149,409 | €556,567 | -€7,573 | €485 | ▲ 106% |
| Financial income75/76B | €220 | €0 | €1 | €0 | - | - |
| Recurring financial income75 | €220 | €0 | €1 | €0 | - | - |
| Financial charges65/66B | €4,719 | €1,430 | €3,631 | €2,436 | €558 | ▼ 77.1% |
| Recurring financial charges65 | €4,719 | €1,430 | €3,631 | €2,436 | €558 | ▼ 77.1% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€92,239 | €147,980 | €552,936 | -€10,009 | -€73 | ▲ 99.3% |
| Income taxes67/77 | €899 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€93,138 | €147,980 | €552,936 | -€10,009 | -€73 | ▲ 99.3% |
| Profit (loss) for the period to be appropriated9905 | -€93,138 | €147,980 | €552,936 | -€10,009 | -€73 | ▲ 99.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,227 | €614,779 | €751,453 | €639,008 | €620,732 | ▼ 2.9% |
| Fixed assets21/28 | €12,686 | €12,686 | €0 | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €12,686 | €12,686 | €0 | - | - | - |
| Current assets29/58 | €229,540 | €602,092 | €751,453 | €639,008 | €620,732 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €80,567 | €112,434 | €482,219 | €604,031 | €620,710 | ▲ 2.8% |
| Trade receivables40 | €80,567 | €105,049 | €0 | - | €607 | - |
| Other amounts receivable41 | €0 | €7,385 | €482,219 | €604,031 | €620,103 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €148,973 | €489,658 | €269,234 | €34,977 | €22 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,227 | €614,779 | €751,453 | €639,008 | €620,732 | ▼ 2.9% |
| Equity10/15 | -€70,103 | €77,877 | €630,813 | €620,805 | €620,732 | = |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €7,860 | €7,860 | €7,860 | €7,860 | €7,860 | = |
| Non-distributable reserves130/1 | €7,860 | €7,860 | €7,860 | €7,860 | €7,860 | = |
| Legal reserve130 | €7,860 | €7,860 | €7,860 | €7,860 | €7,860 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.1m | -€572,447 | -€582,455 | -€582,528 | = |
| Amounts payable17/49 | €312,330 | €536,902 | €120,639 | €18,203 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €312,330 | €535,617 | €120,639 | €18,203 | €0 | ▼ 100% |
| Trade debts44 | €33,505 | €6,164 | €6,636 | €3,732 | €0 | ▼ 100% |
| Suppliers440/4 | €33,505 | €6,164 | €6,636 | €3,732 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €42,547 | €32,992 | €103,337 | €7,899 | €0 | ▼ 100% |
| Taxes450/3 | €5,362 | €10,239 | €78,045 | €0 | - | - |
| Remuneration and social security454/9 | €37,185 | €22,753 | €25,292 | €7,899 | €0 | ▼ 100% |
| Other amounts payable47/48 | €236,278 | €496,461 | €10,666 | €6,573 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €0 | €1,285 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€93,138 | €147,980 | €552,936 | -€10,009 | -€73 | ▲ 99.3% |
| + Depreciation and write-downs630 | €2,437 | €0 | - | - | - | - |
| Operating cash flow (approximation) | -€90,701 | €147,980 | €552,936 | -€10,009 | -€73 | ▲ 99.3% |
| Investment in fixed assets (approximation) | - | €0 | €12,686 | - | - | - |
| Change in cash | - | €340,685 | -€220,424 | -€234,257 | -€34,956 | ▲ 85.1% |
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
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
28-02
Financial
Liquidity times 6current ratio 35.10
Current ratio from 6.23 to 35.10; short-term debt falls from €120,639 to €18,203.
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-02
Financial
Highest result since 2019net €552,936 ▲274%
Operating result €556,567, net result €552,936, both a record.
29-02
Financial
Liquidity times 6current ratio 6.23
Current ratio from 1.12 to 6.23; short-term debt falls from €535,617 to €120,639.
29-02
Financial
Equity above €500,000Eq €630,813 ▲710%
2 profitable years in a row build equity to €630,813.
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-02
Financial
Back to profitnet €147,980
Net result €147,980 after 4 loss-making years.
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-02
Financial
Liquidity quadruplescurrent ratio 1.12
Current ratio from 0.29 to 1.12; short-term debt falls from €644,859 to €192,027.
Show earlier events
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Weakest financial yearnet -€400,266
Net result drops to -€400,266, the lowest in the series.
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
24-02
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 19 acts read
About the unread acts
We know of 19 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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Structure & network
Owners and holdings
1 ownerChain of control
- C-Products
- THINFACTORY
Highest known parent: C-Products. The sources do not say who stands above it.
Owners 1
- C-Productsparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.