Turnover
≈ €140,000 estimated
The micro format states no turnover.
Think
Lifetime
1 annual account with figurespeak €35,688 (2025)
€35,688
peak €14,406 (2025)
€14,406
peak €16,406 (2025)
€16,406
€127,874
Board2 names since 2024
2 directorsVAN DEN BERGH Carolien Suzanna Peter and 1 other
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Registered office moved from Lummen to Olmen 20-06First year with figures
Key points
from the 2025 annual accountsDebts
€127,874 89% of the balance sheet
Financial debts 60%Suppliers 12%Taxes and wages 8%Other 20%
Of this, €61,051 falls due within a year.
Starting capital
€2,000 20 shares
2025 accounts filed 76 days after the deadline
Checked score
52
Fair
Financially stronger than 34% of micro companies in research and development (NACE 72)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.1%lowest value
09-2025: 1.1%● unchanged vs 08-2025lowest value
10-2025: 1.2%▲ +0.1 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.3%▲ +0.1 percentage points vs 11-2025
01-2026: 1.4%▲ +0.1 percentage points vs 12-2025
02-2026: 1.5%▲ +0.1 percentage points vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 2.2%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 76 days late; 1 of the last 3 accounts late
Founded in 2024
1 change of registered office in 24 months
lowers risk
Sector: Scientific research and development (NACE 72)
Calculation
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 72, micro). It does better than 24% of them on solvency, 21% on liquidity and 57% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as Think has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Think itself: 2.2% within 12 months.
Test of the method
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 7,976 companies, not a prediction for Think. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94, below 1. Short-term debt is 42.3% and cash 10.5% of total assets. 88.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 620 sector peers (2025).
NBB · sector comparisonPosition among 620 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
76 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- ZWAENEPOEL Stefan André Crescence founderdeed of 22-07-2024
- VAN DEN BERGH Carolien Suzanna Peter founderdeed of 22-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011720292
Registered office moved from Lummen to Olmen
New registered office: Heistraat 18, 2491 Olmen · Previous registered office: Lindekensveld 5 bus 33, 3560 Lummen · General meeting of 23-05-2025 · Gazette deed
Incorporation
Founding capital of €2,000, 20 shares · Founders: ZWAENEPOEL Stefan André Crescence and VAN DEN BERGH Carolien Suzanna Peter · Appointments: ZWAENEPOEL Stefan André Crescence (director) and VAN DEN BERGH Carolien Suzanna Peter (director) · published on 22-07-2024 · Gazette deed
First establishment
Lindekensveld 5, Lummen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Think Balen | €144,280 | €35,688 | 11.4% | - |
| CPUR Wezembeek-Oppem | €127,927 | €38,705 | 46.8% | - |
| Mulltron Antwerp | €80,357 | €80,299 | 84.5% | - |
| VAXXCellence Antwerp | €148,132 | €126,766 | 69.6% | - |
| MOONWAVE Zemst | €196,577 | €51,971 | 72.2% | - |
| HabeebeeCoop Namur | €74,999 | €33,679 | -20.2% | - |
| Vandierendonck Bieke Bruges | €119,598 | €105,360 | 46.3% | - |
These companies have the same main activity as Think: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €75,000 and €197,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 18-07-2024Normal situation
- Activity
- Other research and development on natural sciencesNACE 72109and 1 other
- Establishment unit
- 2.362.072.1403560 Lummen, since 18-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Insights on Think
The computed 12-month bankruptcy probability of Think is 2.2% (moderate). The 2025 annual accounts show equity of €16,406 and a net result of €14,406.
Its solvency ranks better than 20% of 620 sector peers (NACE 72, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Think
- What is the company number of Think?
- The company number of Think is 1011.720.292. The VAT number is the same number with BE in front: BE 1011.720.292.
- Where is Think based?
- The registered office is at Heistraat 18, 2491 Balen.Company details
- What does Think do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of Think?
- Think is a private limited company (BV).
- When was Think founded?
- Think was founded on 18-07-2024.
- Is Think still active?
- Yes, Think is an active enterprise in the KBO register.
- What is the turnover of Think?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €35,688 and 2,934 comparable companies of the same size. It probably lies between €86,000 and €260,000. It is a rough estimate.Financials
- Is Think profitable?
- In financial year 2025, Think made a profit of €14,406.
- Where can I find the annual accounts of Think?
- Think filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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