Thingit
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 11 filings
Turnover
≈ €140,000
Estimated: probably between €110,000 and €180,000
Total assets
€744,670▲ 6.6%
2024 · €698,567
Net result
€64,416▼ 32.2%
2024 · €95,034
Working capital
€140,353▲ 60.3%
2024 · €87,574
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€64,174
▼ 32.9%
2025
20182025
Net result
€64,416
▼ 32.2%
2025
middle half of the sector
20182025
Equity
€737,015
▲ 9.6%
2025
highest quarter of the sector
20182025
Total assets
€744,670
▲ 6.6%
2025
highest quarter of the sector
20182025
Debt
€7,655
▼ 70.5%
2025
20182025
Working capital
€140,353
▲ 60.3%
2025
highest quarter of the sector
20182025
Solvency
99.0%
▲ 2.7pp
2025
highest quarter of the sector
20182025
Current ratio
19.34
▲ 9.31
2025
highest quarter of the sector
20182025
Return on assets (ROA)
8.7%
▼ 5.0pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€97,829--€234,230▼ 139%€27,901€54,026▲ 93.6%€37,384▼ 30.8%-€6,155€95,697€64,174▼ 32.9%
Net result-€108,252--€238,237▼ 120%€25,630within the sector's middle half€51,000within the sector's middle half▲ 99.0%€35,827within the sector's middle half▼ 29.8%-€6,246below the sector's middle half€95,034above the sector's middle half€64,416within the sector's middle half▼ 32.2%
Equity-€222,508-€39,255€64,884within the sector's middle half▲ 65.3%€547,984above the sector's middle half▲ 745%€583,811above the sector's middle half▲ 6.5%€577,565above the sector's middle half▼ 1.1%€672,599above the sector's middle half▲ 16.5%€737,015above the sector's middle half▲ 9.6%
Total assets€245,887-€198,670▼ 19.2%€166,872within the sector's middle half▼ 16.0%€611,230above the sector's middle half▲ 266%€604,135above the sector's middle half▼ 1.2%€617,620above the sector's middle half▲ 2.2%€698,567above the sector's middle half▲ 13.1%€744,670above the sector's middle half▲ 6.6%
Debt€468,395-€159,415▼ 66.0%€101,988▼ 36.0%€63,245▼ 38.0%€20,324▼ 67.9%€40,055▲ 97.1%€25,969▼ 35.2%€7,655▼ 70.5%
Working capital€53,192-€14,259▼ 73.2%€59,350within the sector's middle half▲ 316%€47,000within the sector's middle half▼ 20.8%€74,325within the sector's middle half▲ 58.1%€63,861within the sector's middle half▼ 14.1%€87,574within the sector's middle half▲ 37.1%€140,353above the sector's middle half▲ 60.3%
Solvency-90.5%-19.8%▲ 110.3pp38.9%within the sector's middle half▲ 19.1pp89.7%above the sector's middle half▲ 50.8pp96.6%above the sector's middle half▲ 7.0pp93.5%above the sector's middle half▼ 3.1pp96.3%above the sector's middle half▲ 2.8pp99.0%above the sector's middle half▲ 2.7pp
Current ratio1.42-1.11▼ 0.311.74within the sector's middle half▲ 0.641.96within the sector's middle half▲ 0.224.66above the sector's middle half▲ 2.693.44within the sector's middle half▼ 1.2110.02above the sector's middle half▲ 6.5819.34above the sector's middle half▲ 9.31
Return on assets (ROA)-44.0%--119.9%▼ 75.9pp15.4%within the sector's middle half▲ 135.3pp8.3%within the sector's middle half▼ 7.0pp5.9%within the sector's middle half▼ 2.4pp-1.0%below the sector's middle half▼ 6.9pp13.6%within the sector's middle half▲ 14.6pp8.7%within the sector's middle half▼ 5.0pp
Staff (FTE)4.4-6.2▲ 40.9%1.7within the sector's middle half▼ 72.6%1.1▼ 35.3%0.9▼ 18.2%1▲ 11.1%1=
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 33% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €744,670
Fixed assets
€596,662 ▼ 0.8%
Current assets
€148,008 ▲ 52.1%
Equity and liabilities €744,670
Equity
€737,015 ▲ 9.6%
Debt
€7,655 ▼ 70.5%
Debt's share of the balance-sheet total falls from 3.7% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,418▼
2024 · €99,507
Cash flow
€68,660▼
2024 · €98,843
Debt to equity
0.01▼
2024 · 0.04
ROE
8.7%▼
2024 · 14.1%
Interest coverage
69.33▼
2024 · over 100
Debt ≤ 1 year
€7,655▼
2024 · €9,706
Debt > 1 year
€0▼
2024 · €16,262
Income taxes
€176▲
2024 · €140
Staff costs
€14▼
2024 · €20,171
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 1 | 1 |
| full-time | 0 | 2 | 1 | 1 |
| part-time | 1 | 0 | 0 | 0 |
| in full-time equivalents | 0.7 | 0 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.8 | 0.9 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | 4 | - | - | - |
| Left | 5 | - | - | - |
| Training hours | 2 | - | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,538 | €26,092 | €3,273 | - |
| Financial fixed assets | €67,900 | - | - | €75,005 | €10,010 |
| Depreciation and write-downs of the year | €12,129 | €8,224 | €7,963 | €3,810 | €4,244 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €51,745 | €77,434 | €104,969 | €20,171 | €14 | ▼ 99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,704 | €25,208 | €23,199 | €12,129 | €8,224 | €7,963 | €3,810 | €4,244 | ▲ 11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€25,305 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €10,701 | €26,417 | €1,314 | €1,571 | €1,042 | ▼ 33.7% |
| Gross operating margin9900 | €211,317 | €255,298 | €164,317 | €128,601 | €124,154 | €108,092 | €121,249 | €69,474 | ▼ 42.7% |
| Operating profit (loss)9901 | -€97,829 | -€234,230 | €27,901 | €54,026 | €37,384 | -€6,155 | €95,697 | €64,174 | ▼ 32.9% |
| Financial income75/76B | - | - | - | - | €487 | €1,086 | €376 | €1,405 | ▲ 274% |
| Recurring financial income75 | €1 | €153 | €0 | - | €487 | €1,086 | €376 | €1,405 | ▲ 274% |
| Financial charges65/66B | - | - | - | €2,917 | €1,895 | €1,058 | €900 | €987 | ▲ 9.6% |
| Recurring financial charges65 | €10,080 | €3,883 | €2,124 | €2,759 | €1,895 | €1,058 | €900 | €987 | ▲ 9.6% |
| Non-recurring financial charges66B | - | - | - | €158 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€107,908 | -€237,959 | €25,777 | €51,110 | €35,976 | -€6,126 | €95,173 | €64,592 | ▼ 32.1% |
| Income taxes67/77 | €343 | €278 | €148 | €110 | €149 | €120 | €140 | €176 | ▲ 26.3% |
| Profit (loss) for the period9904 | -€108,252 | -€238,237 | €25,630 | €51,000 | €35,827 | -€6,246 | €95,034 | €64,416 | ▼ 32.2% |
| Profit (loss) for the period to be appropriated9905 | -€108,252 | -€238,237 | €25,630 | €51,000 | €35,827 | -€6,246 | €95,034 | €64,416 | ▼ 32.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €245,887 | €198,670 | €166,872 | €611,230 | €604,135 | €617,620 | €698,567 | €744,670 | ▲ 6.6% |
| Formation expenses20 | €388 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €65,946 | €51,908 | €27,801 | €515,513 | €509,486 | €527,614 | €601,288 | €596,662 | ▼ 0.8% |
| Intangible fixed assets21 | €2,890 | €1,351 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €61,956 | €48,490 | €26,641 | €14,513 | €8,826 | €26,954 | €25,783 | €21,539 | ▼ 16.5% |
| Plant, machinery and equipment23 | - | - | - | €2,372 | €2,720 | €26,319 | €25,783 | €21,539 | ▼ 16.5% |
| Furniture and vehicles24 | - | - | - | €10,870 | €5,154 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €1,270 | €952 | €635 | €0 | - | - |
| Financial fixed assets28 | €1,100 | €2,068 | €1,160 | €501,000 | €500,660 | €500,660 | €575,505 | €575,123 | ▼ 0.1% |
| Current assets29/58 | €179,552 | €146,762 | €139,071 | €95,717 | €94,650 | €90,006 | €97,280 | €148,008 | ▲ 52.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €19,353 | €26,853 | €26,853 | €26,853 | = |
| Other amounts receivable291 | - | - | - | - | €19,353 | €26,853 | €26,853 | €26,853 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €172,164 | €111,043 | €110,447 | €11,244 | €46,208 | €45,018 | €36,625 | €68,826 | ▲ 87.9% |
| Trade receivables40 | - | - | - | €4,334 | €26,832 | €23,967 | €26,481 | €21,227 | ▼ 19.8% |
| Other amounts receivable41 | - | - | - | €6,910 | €19,376 | €21,050 | €10,144 | €47,599 | ▲ 369% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €4,052 | €32,636 | €24,488 | €83,458 | €28,121 | €17,177 | €32,798 | €52,127 | ▲ 58.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,015 | €967 | €958 | €1,004 | €201 | ▼ 80.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €245,887 | €198,670 | €166,872 | €611,230 | €604,135 | €617,620 | €698,567 | €744,670 | ▲ 6.6% |
| Equity10/15 | -€222,508 | €39,255 | €64,884 | €547,984 | €583,811 | €577,565 | €672,599 | €737,015 | ▲ 9.6% |
| Contributions10/11 | €56,200 | €0 | - | €556,200 | €556,200 | €556,200 | €556,200 | €556,200 | = |
| Revaluation surpluses12 | - | - | - | €432,100 | €432,100 | €432,100 | €432,100 | €432,100 | = |
| Reserves13 | €1,860 | €1,860 | €0 | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€280,568 | -€518,805 | -€491,316 | -€440,316 | -€404,489 | -€410,735 | -€315,701 | -€251,285 | ▲ 20.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €468,395 | €159,415 | €101,988 | €63,245 | €20,324 | €40,055 | €25,969 | €7,655 | ▼ 70.5% |
| Amounts payable after more than one year17 | €322,534 | €12,557 | €8,392 | €653 | €0 | €13,910 | €16,262 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €653 | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | €13,910 | €16,262 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €126,360 | €132,503 | €79,721 | €48,717 | €20,324 | €26,145 | €9,706 | €7,655 | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,739 | €653 | €0 | - | - | - |
| Financial debts43 | - | - | - | €1 | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1 | €0 | - | - | - | - |
| Trade debts44 | €20,686 | €43,144 | €27,967 | €8,608 | €3,563 | €12,359 | €564 | €4,828 | ▲ 755% |
| Suppliers440/4 | - | - | - | €8,608 | €3,563 | €12,359 | €564 | €4,828 | ▲ 755% |
| Taxes, remuneration and social security45 | - | - | - | €32,369 | €16,108 | €13,786 | €9,142 | €2,827 | ▼ 69.1% |
| Taxes450/3 | - | - | - | €26,000 | €5,918 | €10,186 | €9,142 | €2,827 | ▼ 69.1% |
| Remuneration and social security454/9 | - | - | - | €6,370 | €10,190 | €3,600 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €13,875 | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,252 | -€238,237 | €25,630 | €51,000 | €35,827 | -€6,246 | €95,034 | €64,416 | ▼ 32.2% |
| + Depreciation and write-downs630 | €26,704 | €25,208 | €23,199 | €12,129 | €8,224 | €7,963 | €3,810 | €4,244 | ▲ 11.4% |
| Operating cash flow (approximation) | -€81,548 | -€213,029 | €48,829 | €63,129 | €44,051 | €1,717 | €98,843 | €68,660 | ▼ 30.5% |
| Investment in fixed assets (approximation) | - | -€11,170 | €908 | -€499,840 | -€2,198 | -€26,092 | -€77,483 | €382 | - |
| Change in cash | - | €28,584 | -€8,148 | €58,970 | -€55,337 | -€10,944 | €15,621 | €19,329 | ▲ 23.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00259007 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00414641 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00340142 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00396985 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20237916 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38400290 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37400441 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39300089 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-42200501 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-27500105 |