THINK PROCESS
ActiveSummary
THINK PROCESS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258,796 and a net result of €46,582. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 88% of 613 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €258,796
- Profit
- €46,582
Why 98lowers riskLiquidity: current ratio 16.08, cash €210,119Equity €258,796 (92.9% of total assets)Founded in 2001Size: total assets €278,660Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 83% on solvency, 96% on liquidity, 70% on profitability and 74% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than triplescurrent ratio 16.08
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410630.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 12% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 72, Scientific research and development: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,327 | €2,673 | €2,374 | €2,038 | €2,436 | €1,884 | €1,063 | €1,145 | ▲ 7.7% |
| Other operating charges640/8 | - | - | - | €1,004 | €1,277 | €3,903 | €908 | €1,009 | ▲ 11.1% |
| Gross operating margin9900 | €37,495 | €17,868 | €63,693 | €45,604 | €4,168 | €97,032 | €60,319 | €67,395 | ▲ 11.7% |
| Operating profit (loss)9901 | €32,927 | €13,398 | €60,050 | €42,562 | €455 | €91,245 | €58,348 | €65,241 | ▲ 11.8% |
| Financial income75/76B | - | - | - | - | €0 | €418 | €1,587 | €1,754 | ▲ 10.5% |
| Recurring financial income75 | €93 | €93 | €0 | - | €0 | €418 | €1,587 | €1,754 | ▲ 10.5% |
| Financial charges65/66B | - | - | - | €339 | €236 | €2,014 | €2,093 | €1,886 | ▼ 9.9% |
| Recurring financial charges65 | €86 | €628 | €503 | €339 | €236 | €2,014 | €2,093 | €1,886 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €32,934 | €12,863 | €59,546 | €42,223 | €219 | €89,649 | €57,843 | €65,108 | ▲ 12.6% |
| Income taxes67/77 | €10,835 | €4,572 | €14,423 | €10,616 | €1,814 | €25,031 | €16,468 | €18,526 | ▲ 12.5% |
| Profit (loss) for the period9904 | €22,099 | €8,292 | €45,123 | €31,607 | -€1,595 | €64,618 | €41,375 | €46,582 | ▲ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €22,099 | €8,292 | €45,123 | €31,607 | -€1,595 | €64,618 | €41,375 | €46,582 | ▲ 12.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €138,166 | €138,234 | €155,674 | €196,799 | €181,839 | €248,065 | €270,770 | €278,660 | ▲ 2.9% |
| Fixed assets21/28 | €4,646 | €3,153 | €4,177 | €4,916 | €4,133 | €3,818 | €2,755 | €4,732 | ▲ 71.8% |
| Tangible fixed assets22/27 | €4,646 | €3,153 | €4,177 | €4,916 | €4,133 | €3,818 | €2,755 | €4,732 | ▲ 71.8% |
| Plant, machinery and equipment23 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Furniture and vehicles24 | - | - | - | €3,016 | €2,233 | €1,918 | €855 | €2,832 | ▲ 231% |
| Current assets29/58 | €133,520 | €135,081 | €151,497 | €191,883 | €177,706 | €244,247 | €268,015 | €273,928 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €28,556 | €46,413 | €22,942 | €78,387 | €45,488 | €48,373 | €56,613 | €57,153 | ▲ 1.0% |
| Trade receivables40 | - | - | - | €78,387 | €45,488 | €48,365 | €50,602 | €51,142 | ▲ 1.1% |
| Other amounts receivable41 | - | - | - | - | - | €7 | €6,011 | €6,011 | = |
| Cash at bank and in hand54/58 | €104,633 | €87,923 | €127,707 | €112,433 | €131,094 | €185,932 | €202,591 | €210,119 | ▲ 3.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,062 | €1,124 | €9,943 | €8,811 | €6,656 | ▼ 24.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €138,166 | €138,234 | €155,674 | €196,799 | €181,839 | €248,065 | €270,770 | €278,660 | ▲ 2.9% |
| Equity10/15 | €54,794 | €63,086 | €108,209 | €139,817 | €138,222 | €202,839 | €212,214 | €258,796 | ▲ 22.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €33,860 | €33,860 | €33,860 | €63,860 | €63,860 | €128,478 | €137,852 | €184,434 | ▲ 33.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €62,000 | €62,000 | €128,478 | €137,852 | €184,434 | ▲ 33.8% |
| Profit (loss) carried forward14 | €14,734 | €23,026 | €68,149 | €69,757 | €68,162 | €68,162 | €68,162 | €68,162 | = |
| Amounts payable17/49 | €83,372 | €75,148 | €47,465 | €56,982 | €43,617 | €45,226 | €58,557 | €19,864 | ▼ 66.1% |
| Amounts payable within one year42/48 | €83,372 | €75,148 | €47,465 | €54,532 | €38,630 | €37,509 | €55,793 | €17,036 | ▼ 69.5% |
| Financial debts43 | - | - | - | €231 | €305 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €231 | €305 | - | - | - | - |
| Trade debts44 | €5,479 | €2,798 | €2,968 | €6,058 | €13,436 | €2,057 | €14,804 | €4,705 | ▼ 68.2% |
| Suppliers440/4 | - | - | - | €6,058 | €13,436 | €2,057 | €14,804 | €4,705 | ▼ 68.2% |
| Taxes, remuneration and social security45 | - | - | - | €47,647 | €24,317 | €34,855 | €7,978 | €11,241 | ▲ 40.9% |
| Taxes450/3 | - | - | - | €41,647 | €21,817 | €34,855 | €7,978 | €11,241 | ▲ 40.9% |
| Remuneration and social security454/9 | - | - | - | €6,000 | €2,500 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €597 | €571 | €597 | €33,011 | €1,090 | ▼ 96.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,450 | €4,987 | €7,717 | €2,764 | €2,828 | ▲ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,099 | €8,292 | €45,123 | €31,607 | -€1,595 | €64,618 | €41,375 | €46,582 | ▲ 12.6% |
| + Depreciation and write-downs630 | €3,327 | €2,673 | €2,374 | €2,038 | €2,436 | €1,884 | €1,063 | €1,145 | ▲ 7.7% |
| Operating cash flow (approximation) | €25,426 | €10,965 | €47,498 | €33,645 | €840 | €66,502 | €42,438 | €47,727 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€1,180 | -€3,399 | -€2,777 | -€1,652 | -€1,569 | €0 | -€3,122 | - |
| Change in cash | - | -€16,710 | €39,785 | -€15,274 | €18,661 | €54,838 | €16,659 | €7,528 | ▼ 54.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00410630 |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00394432 |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00384742 |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00127587 |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20050244 |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18600352 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19200478 |
| 31-12-2018 | micro format | 09-07-2019 | 2019-30800432 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52300472 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55600598 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
09-02
Gazette deed
Resignation: GILSON Benoit (manager)Appointment: GILSON Benoit (director) · Permanent representative: GILSON Benoit · Amendment of the articles15 facts ▸
- General meeting, 05-02-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités modification des statuts, unanimité des voix” (deed in French)
- Capital decrease, €12,400
- Director in office, GILSON Benoit (director)
- Other provision, “test de liquidité article 5:143 CSA, en fonction des développements auxquels on peut raisonnablement s'attendre” (deed in French)
- Other provision, “état résumant situation active et passive arrêté au 2023-12-31, rapport organe d'administration justifiant décision” (deed in French)
- General meeting, “adoption statuts nouveaux en concordance CSA, adoptée unanimité voix” (deed in French)
- Director resignation, GILSON Benoit (manager)
- Director appointment, GILSON Benoit (director (not named in the articles))
- Director discharge, GILSON Benoit
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21013B0041/00M004 | Brussels | 494 m² | 1 · 385 m² | 25.7 m · 8 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes interventions,conseils,conceptions,réalisations,installations et gestions dans les domaines des télécommunications,des systèmes…” (deed in French)
4 activities (deed in French)
- Toutes interventions,conseils,conceptions,réalisations,installations et gestions dans les domaines des télécommunications,des systèmes d’information,de la gestion des ressources humaines et des organisation au sens le plus large des termes,dans les secteurs industriel,commercial et financier
- La recherche,les études,la réalisation,l’achat,la vente,l’importation et l’exportation de produits ou services qui participent à la promotion de développement de l’autorisation et de la diffusion de l’information au sein des entreprises
- La formation et le conseil en management et technologies nouvelles
- Les prestations de service en matière de commercialisation,de stratégie,de vente et d’achat,de gestion de stocks,de gestion financière,industrielle et commerciale
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- THINK PROCESS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Adresse électronique possible,communication vers cette adresse par actionnaires,titulaires de titres et certificats réputée valablement…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, 1” (deed in French)“Rémunération des administrateurs, frais généraux indépendamment frais représentation,voyages et déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions - Droit de préférence, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of May at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, Article 22” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 23, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)