Turnover
The micro format states no turnover.
The micro format states no turnover.
Higher net result than 80% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
The dashed line is the sector median: 0.1% across 14,830 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 66% of them on solvency, 55% on liquidity and 88% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 11,279 companies had the same profile as Thinglogic has now. Each dot stands for 29 companies, two years later.
That fits the bankruptcy probability of Thinglogic itself: 0.2% within 12 months.
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 11,279 companies, not a prediction for Thinglogic. 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.
Liquidity is ample, with a current ratio of 3.06, above the usual 1.5. Short-term debt is 32.7% and cash 25.3% of total assets. 32.7% of the assets are financed with debt and provisions.
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 | ||||
|---|---|---|---|---|
| Thinglogic Ghent | €82,959 | €68,194 | 67.3% | - |
| Goffitech Namur | €84,537 | €71,176 | 56.9% | - |
| LEGAT CONSTRUCTION CONSULTANCY Ixelles | €80,189 | €73,052 | 68.2% | - |
| DROVA ENGINEERING Auderghem | €86,732 | €76,632 | 71.6% | - |
| Otec Waregem | €79,226 | €62,325 | 65.3% | - |
| CHPsysSolutions Boussu | €92,898 | €68,853 | 61.7% | - |
| INFRATECH CONSULT Brussels | €77,373 | €60,036 | 66.4% | - |
These companies have the same main activity as Thinglogic: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €77,400 and €92,900, founded in 2025.
Thinglogic has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,806 and a net result of €53,806.
Its solvency ranks better than 64% of 11,794 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €110,000 and €200,000.
Higher than 64% of 11,794 companies in 2025.
Higher than 65% of 11,521 companies in 2025.
Higher than 95% of 11,605 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
82,959 | |
29/58 |
82,959 | |
40/41 |
61,181 | |
40 |
20,113 | |
41 |
41,068 | |
54/58 |
21,019 | |
490/1 |
760 | |
| Balance sheet: equity and liabilities | ||
10/49 |
82,959 | |
10/15 |
55,806 | |
10/11 |
2,000 | |
13 |
53,806 | |
133 |
53,806 | |
17/49 |
27,153 | |
42/48 |
27,153 | |
44 |
2,726 | |
440/4 |
2,726 | |
45 |
24,427 | |
450/3 |
24,427 | |
| Income statement | ||
9900 |
68,194 | |
9901 |
68,194 | |
75/76B |
760 | |
75 |
760 | |
65/66B |
1,603 | |
65 |
1,603 | |
9903 |
67,351 | |
67/77 |
13,545 | |
9904 |
53,806 | |
9905 |
53,806 | |
| Appropriation of the result | ||
9906 |
53,806 | |
691/2 |
53,806 | |
6921 |
53,806 | |
| Document | ||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
2025 annual accounts filed 70 days after the deadline. Filed on 9 July 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00289405.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 09-07-2026 | 2026-00289405 |
| Line | Trend | 2025 |
|---|---|---|
| 55,806 | ||
| 67.3% | ||
| 3.06 | ||
| 0.49 | ||
| 96.4% | ||
| 64.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Debt's share of the balance-sheet total is 32.7%.
Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij/Zij kan bijzondere machten toekennen aan elke mandataris. De algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt uitgeoefend.
Thinglogic has no parent and no holdings in its annual accounts. LOUSBERG Danny Christiane Daniël Jacques is the only director. Thinglogic shares no director with another company.
| De Meyer, Maarten (sole trader)
establishment since 03-09-2018 |
founded in 2018 0701.898.829 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Amandstraat 68 registered office 9000 Ghent | 14-05-2025 | 2.373.650.871 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44805E0708/00G002 | 244 m² | 1 · 128 m² | 15.9 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.