THINGS DIFFUSION
ActiveSummary
THINGS DIFFUSION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€3,778) and a net result of €4,744. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 7% of 8061 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
52 d late
2023
57 d late
2022
54 d late
2021
71 d late
2020
29 d late
2019
2 d early
← 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 40 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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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Financials · fiscal year 2025, micro schema
Equity
-€3,778▲ 55.7%
2024 · -€8,522
Net result
€4,744
2024 · -€22,896
Total assets
€60,031▼ 15.2%
2024 · €70,750
Solvency
-6.3%▲ 5.8pp
2024 · -12.0%
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€4,281▲ 9.7%€4,611▲ 7.7%€7,479▲ 62.2%-€15,966€11,518
Net result-€977-€2,667▼ 173%€1,359-€22,896€4,744
Equity€15,682▼ 5.9%€13,015▼ 17.0%€14,374▲ 10.4%-€8,522-€3,778▲ 55.7%
Total assets€65,114▲ 26.1%€87,766▲ 34.8%€93,581▲ 6.6%€70,750▼ 24.4%€60,031▼ 15.2%
Debt€49,432▲ 41.4%€74,751▲ 51.2%€79,207▲ 6.0%€79,272▲ 0.1%€63,809▼ 19.5%
Working capital€2,934▼ 71.4%-€22,622-€37,229▼ 64.6%-€54,852▼ 47.3%-€45,136▲ 17.7%
Solvency24.1%▼ 8.2pp14.8%▼ 9.3pp15.4%▲ 0.5pp-12.0%▼ 27.4pp-6.3%▲ 5.8pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,518 after a loss of €15,966 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,031
Fixed assets
€44,958 ▼ 10.0%
Current assets
€15,073 ▼ 27.6%
Key figures and ratios
ROA
7.9%▲
2024 · -32.4%
Debt ≤ 1 year
€60,209▼
2024 · €75,672
Income taxes
€758▼
2024 · €1,212
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,029 | €7,721 | €6,413 | €6,043 | €5,452 | ▼ 9.8% |
| Other operating charges640/8 | €640 | €819 | €1,388 | €794 | €1,137 | ▲ 43.2% |
| Gross operating margin9900 | €10,950 | €13,151 | €15,280 | -€9,129 | €18,107 | ▲ 298% |
| Operating profit (loss)9901 | €4,281 | €4,611 | €7,479 | -€15,966 | €11,518 | ▲ 172% |
| Financial income75/76B | €10 | €1,030 | €1,196 | €1,052 | €1,015 | ▼ 3.5% |
| Recurring financial income75 | €10 | €1,030 | €1,196 | €1,052 | €1,015 | ▼ 3.5% |
| Financial charges65/66B | €3,517 | €5,093 | €5,816 | €6,770 | €7,031 | ▲ 3.9% |
| Recurring financial charges65 | €3,517 | €5,093 | €5,816 | €6,770 | €7,031 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €774 | €548 | €2,859 | -€21,684 | €5,502 | ▲ 125% |
| Income taxes67/77 | €1,751 | €3,215 | €1,500 | €1,212 | €758 | ▼ 37.5% |
| Profit (loss) for the period9904 | -€977 | -€2,667 | €1,359 | -€22,896 | €4,744 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | -€977 | -€2,667 | €1,359 | -€22,896 | €4,744 | ▲ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,114 | €87,766 | €93,581 | €70,750 | €60,031 | ▼ 15.2% |
| Fixed assets21/28 | €16,348 | €42,998 | €55,973 | €49,930 | €44,958 | ▼ 10.0% |
| Intangible fixed assets21 | €5,016 | €2,508 | - | - | - | - |
| Tangible fixed assets22/27 | €1,332 | €5,490 | €30,973 | €24,930 | €19,958 | ▼ 19.9% |
| Plant, machinery and equipment23 | €948 | €420 | €353 | €216 | €80 | ▼ 63.0% |
| Furniture and vehicles24 | €384 | €5,070 | €30,620 | €24,714 | €19,878 | ▼ 19.6% |
| Financial fixed assets28 | €10,000 | €35,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €48,766 | €44,768 | €37,608 | €20,820 | €15,073 | ▼ 27.6% |
| Stocks and contracts in progress3 | €14,619 | €1,347 | €5,223 | €2,768 | €2,561 | ▼ 7.5% |
| Stocks30/36 | €14,619 | €1,347 | €5,223 | €2,768 | €2,561 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €34,147 | €41,101 | €31,815 | €17,482 | €11,892 | ▼ 32.0% |
| Trade receivables40 | €34,147 | €20,714 | €21,315 | €17,482 | €11,687 | ▼ 33.1% |
| Other amounts receivable41 | - | €20,387 | €10,500 | - | €205 | - |
| Deferred charges and accrued income490/1 | - | €2,320 | €570 | €570 | €620 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,114 | €87,766 | €93,581 | €70,750 | €60,031 | ▼ 15.2% |
| Equity10/15 | €15,682 | €13,015 | €14,374 | -€8,522 | -€3,778 | ▲ 55.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€4,778 | -€7,445 | -€6,086 | -€28,982 | -€24,238 | ▲ 16.4% |
| Amounts payable17/49 | €49,432 | €74,751 | €79,207 | €79,272 | €63,809 | ▼ 19.5% |
| Amounts payable within one year42/48 | €45,832 | €67,390 | €74,837 | €75,672 | €60,209 | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | €13,461 | €8,394 | €25,918 | €18,142 | €13,277 | ▼ 26.8% |
| Financial debts43 | €12,499 | €6,384 | €23,201 | €25,304 | €22,787 | ▼ 9.9% |
| Credit institutions430/8 | €12,499 | €6,384 | €23,201 | €25,304 | €22,787 | ▼ 9.9% |
| Trade debts44 | €7,884 | €18,739 | €3,642 | €12,895 | €4,087 | ▼ 68.3% |
| Suppliers440/4 | €7,884 | €18,739 | €3,642 | €12,895 | €4,087 | ▼ 68.3% |
| Taxes, remuneration and social security45 | €11,249 | €33,107 | €15,421 | €7,069 | €1,658 | ▼ 76.5% |
| Taxes450/3 | €11,249 | €33,107 | €15,421 | €7,069 | €1,658 | ▼ 76.5% |
| Other amounts payable47/48 | €739 | €766 | €6,655 | €12,262 | €18,400 | ▲ 50.1% |
| Accrued charges and deferred income492/3 | €3,600 | €7,361 | €4,370 | €3,600 | €3,600 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€977 | -€2,667 | €1,359 | -€22,896 | €4,744 | ▲ 121% |
| + Depreciation and write-downs630 | €6,029 | €7,721 | €6,413 | €6,043 | €5,452 | ▼ 9.8% |
| Operating cash flow (approximation) | €5,052 | €5,054 | €7,772 | -€16,853 | €10,196 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€34,371 | -€19,388 | €0 | -€480 | - |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €4,744
Net result €4,744 after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
31-12
Financial
Weakest financial yearnet -€22,896
Net result drops to -€22,896, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Back to profitnet €1,359
Net result €1,359 after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,365
Net result €1,365 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
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, Sint-Jans-Molenbeek · 1 establishment unit since 2007
Ground area
2,903 m²
Building footprint
283 m²
Volume, LiDAR
22,781 m³
Parcel 21524C0180/00F000, Brussels · tallest building 85.5 m, ±28 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Things Diffusion
since 20072.164.625.076
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0180/00F000 | Brussels | 2,903 m² | 1 · 283 m² | 85.5 m · 28 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 6,240 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 (pre-2019)
Founded17-08-2007
Fiscal year end31-12
Abbreviation NL
HJC
Activities, NACEBEL 2025
64210Activities of holding companies
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
carl.bamelis@telenet.be
Phone
+32 477 29 55 30
Scores and ratios are computed by Checked and are not a credit decision.