THINK2ACT CAPITAL
ActiveSummary
THINK2ACT CAPITAL has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76.5m and a net result of €1.3m. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 86% of 1,141 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2025, full format
Turnover
€440,000▲ 65.4%
2024 · €266,012
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€1.3m▼ 98.0%
2024 · €64.8m
Working capital
€842,548▼ 98.1%
2024 · €45.5m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1.7m in 2025 against €1.8m in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.4m
2025
Operating result-€1.7m
2025
Net result€1.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€87.0m
2025
Equity€76.5m
2025
Debt€10.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency88.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.22
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.03m-€0.02m▼ 23.1%€0.01m▼ 50.4%€0.02m▲ 156%€0.09m▲ 259%€0.2m▲ 89.9%€0.3m▲ 57.4%€0.4m▲ 65.4%
Operating result-€0.6m--€0.6m▼ 1.6%-€0.7m▼ 16.8%-€1.8m▼ 144%-€0.7m▲ 61.6%-€1.1m▼ 61.4%-€1.8m▼ 67.6%-€1.7m▲ 8.5%
Net result€4.3m-€7.8m▲ 79.1%€0.1mwithin the sector's middle half▼ 98.7%€12.4mabove the sector's middle half▲ 11,911%€3.3mabove the sector's middle half▼ 73.8%€6.3mabove the sector's middle half▲ 94.8%€64.8mabove the sector's middle half▲ 923%€1.3mabove the sector's middle half▼ 98.0%
Equity€24.7m-€35.6m▲ 44.4%€37.8mabove the sector's middle half▲ 6.1%€46.2mabove the sector's middle half▲ 22.3%€65.0mabove the sector's middle half▲ 40.6%€67.3mabove the sector's middle half▲ 3.5%€115.3mabove the sector's middle half▲ 71.3%€76.5mabove the sector's middle half▼ 33.6%
Total assets€26.5m-€38.1m▲ 43.8%€38.6mabove the sector's middle half▲ 1.3%€50.4mabove the sector's middle half▲ 30.6%€68.4mabove the sector's middle half▲ 35.8%€73.4mabove the sector's middle half▲ 7.2%€135.4mabove the sector's middle half▲ 84.5%€87.0mabove the sector's middle half▼ 35.7%
Debt€1.8m-€2.5m▲ 35.5%€0.8m▼ 67.2%€4.2m▲ 416%€3.5m▼ 17.9%€6.1m▲ 76.0%€20.1m▲ 230%€10.4m▼ 48.0%
Working capital-€1.2m-€3.0m€0.4mwithin the sector's middle half▼ 88.2%€20.8mabove the sector's middle half▲ 5,817%€18.3mabove the sector's middle half▼ 12.2%€8.7mabove the sector's middle half▼ 52.1%€45.5mabove the sector's middle half▲ 421%€0.8mwithin the sector's middle half▼ 98.1%
Solvency93.1%-93.5%▲ 0.4pp97.9%above the sector's middle half▲ 4.4pp91.6%above the sector's middle half▼ 6.2pp94.9%above the sector's middle half▲ 3.3pp91.7%above the sector's middle half▼ 3.2pp85.2%above the sector's middle half▼ 6.6pp88.0%above the sector's middle half▲ 2.8pp
Current ratio0.35-2.19▲ 1.841.43within the sector's middle half▼ 0.765.94above the sector's middle half▲ 4.516.28above the sector's middle half▲ 0.342.44within the sector's middle half▼ 3.843.27above the sector's middle half▲ 0.832.22within the sector's middle half▼ 1.05
Return on assets (ROA)16.4%-20.4%▲ 4.0pp0.3%within the sector's middle half▼ 20.1pp24.6%above the sector's middle half▲ 24.4pp4.8%within the sector's middle half▼ 19.9pp8.6%within the sector's middle half▲ 3.9pp47.9%above the sector's middle half▲ 39.2pp1.5%within the sector's middle half▼ 46.4pp
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support activities: 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87.0m
Fixed assets
€85.5m ▲ 22.4%
Current assets
€1.5m ▼ 97.7%
Equity and liabilities €87.0m
Equity
€76.5m ▼ 33.6%
Debt
€10.4m ▼ 48.0%
Debt's share of the balance-sheet total falls from 14.8% to 12.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.14▼
2024 · 0.17
ROE
1.7%▼
2024 · 56.2%
Debt ≤ 1 year
€689,867▼
2024 · €20.1m
Debt > 1 year
€9.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.03m | €0.4m | €0.2m | €0.5m | €0.5m | ▲ 3.7% |
| Turnover70 | €0.03m | €0.02m | €0.01m | €0.02m | €0.09m | €0.2m | €0.3m | €0.4m | ▲ 65.4% |
| Other operating income74 | - | - | - | €0.009m | €0.3m | €0.05m | €0.2m | €0.04m | ▼ 78.4% |
| Operating charges60/66A | - | - | - | €1.8m | €1.0m | €1.3m | €2.3m | €2.2m | ▼ 6.0% |
| Services and other goods61 | - | - | - | €1.8m | €1.0m | €1.3m | €2.3m | €2.2m | ▼ 6.0% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.3% |
| Operating profit (loss)9901 | -€0.6m | -€0.6m | -€0.7m | -€1.8m | -€0.7m | -€1.1m | -€1.8m | -€1.7m | ▲ 8.5% |
| Financial income75/76B | - | - | - | €14.7m | €4.4m | €9.0m | €77.8m | €3.7m | ▼ 95.2% |
| Recurring financial income75 | €0.1m | €0.9m | €0.8m | €0.4m | €3.1m | €8.5m | €37.0m | €3.6m | ▼ 90.3% |
| Income from financial fixed assets750 | - | - | - | €0.3m | €3.0m | €8.0m | €35.9m | €2.7m | ▼ 92.6% |
| Income from current assets751 | - | - | - | €0.03m | €0.03m | €0.5m | €1.0m | €0.9m | ▼ 8.5% |
| Other financial income752/9 | - | - | - | - | - | - | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €14.3m | €1.4m | €0.5m | €40.8m | €0.1m | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €0.5m | €0.5m | €1.5m | €11.2m | €0.8m | ▼ 93.2% |
| Recurring financial charges65 | €0.006m | €0.008m | €0.008m | €0.04m | €0.2m | €0.006m | €0.1m | €0.2m | ▲ 49.5% |
| Debt charges650 | - | €0.001m | €0.002m | €0.002m | - | - | - | €0.1m | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.2m | - | €0.005m | - | - |
| Other financial charges652/9 | - | - | - | €0.04m | €0.07m | €0.006m | €0.1m | €0.05m | ▼ 54.9% |
| Non-recurring financial charges66B | - | - | - | €0.5m | €0.3m | €1.5m | €11.1m | €0.6m | ▼ 94.7% |
| Profit (loss) for the period before taxes9903 | €4.3m | €7.8m | €0.1m | €12.4m | €3.3m | €6.3m | €64.8m | €1.3m | ▼ 98.0% |
| Profit (loss) for the period9904 | €4.3m | €7.8m | €0.1m | €12.4m | €3.3m | €6.3m | €64.8m | €1.3m | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €4.3m | €7.8m | €0.1m | €12.4m | €3.3m | €6.3m | €64.8m | €1.3m | ▼ 98.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €26.5m | €38.1m | €38.6m | €50.4m | €68.4m | €73.4m | €135.4m | €87.0m | ▼ 35.7% |
| Fixed assets21/28 | €25.9m | €32.6m | €37.4m | €25.4m | €46.7m | €58.5m | €69.8m | €85.5m | ▲ 22.4% |
| Financial fixed assets28 | €25.9m | €32.6m | €37.4m | €25.4m | €46.7m | €58.5m | €69.8m | €85.5m | ▲ 22.4% |
| Affiliated companies280/1 | - | - | - | €19.2m | €35.0m | €48.4m | €35.7m | €61.5m | ▲ 72.3% |
| Participating interests280 | - | - | - | €17.4m | €31.4m | €35.5m | €31.4m | €47.1m | ▲ 50.2% |
| Amounts receivable281 | - | - | - | €1.9m | €3.6m | €12.9m | €4.3m | €14.4m | ▲ 232% |
| Companies linked by participating interests282/3 | - | - | - | €6.2m | €9.0m | €7.4m | €31.6m | €24.0m | ▼ 24.2% |
| Participating interests282 | - | - | - | €2.0m | €4.6m | €3.2m | €17.3m | €18.2m | ▲ 4.9% |
| Amounts receivable283 | - | - | - | €4.2m | €4.3m | €4.2m | €14.3m | €5.8m | ▼ 59.4% |
| Other financial fixed assets284/8 | - | - | - | - | €2.8m | €2.8m | €2.5m | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €2.8m | €2.8m | €2.5m | - | - |
| Current assets29/58 | €0.6m | €5.5m | €1.2m | €25.0m | €21.7m | €14.8m | €65.5m | €1.5m | ▼ 97.7% |
| Amounts receivable after more than one year29 | - | - | - | €2.9m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 29.4% |
| Other amounts receivable291 | - | - | - | €2.9m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 29.4% |
| Amounts receivable within one year40/41 | €0.5m | €0.1m | €0.9m | €0.4m | €0.7m | €4.7m | €1.1m | €1.0m | ▼ 5.1% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.07m | €0.02m | €0.2m | ▲ 866% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.4m | €4.6m | €1.1m | €0.8m | ▼ 21.2% |
| Current investments50/53 | - | - | - | - | €19.5m | €9.2m | €61.5m | - | - |
| Other investments51/53 | - | - | - | - | €19.5m | €9.2m | €61.5m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €5.3m | €0.3m | €21.6m | €1.2m | €0.8m | €2.7m | €0.002m | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.03m | €0.05m | €0.1m | €0.3m | ▲ 115% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €26.5m | €38.1m | €38.6m | €50.4m | €68.4m | €73.4m | €135.4m | €87.0m | ▼ 35.7% |
| Equity10/15 | €24.7m | €35.6m | €37.8m | €46.2m | €65.0m | €67.3m | €115.3m | €76.5m | ▼ 33.6% |
| Contributions10/11 | €15.9m | €21.1m | €23.1m | €25.4m | €44.1m | €46.1m | €49.3m | €49.3m | = |
| Capital10 | - | - | - | €23.1m | €26.2m | €28.2m | €31.3m | €31.3m | = |
| Issued capital100 | - | - | - | €34.5m | €46.8m | €46.8m | €46.8m | €46.8m | = |
| Uncalled capital101 | - | - | - | €11.4m | €20.6m | €18.6m | €15.4m | €15.4m | = |
| Contributions outside capital11 | - | - | - | €2.2m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Share premium1100/10 | - | - | - | €2.2m | €18.0m | €18.0m | €18.0m | €18.0m | = |
| Reserves13 | €0.5m | €0.9m | €0.9m | €1.5m | €1.7m | €2.0m | €4.7m | €26.0m | ▲ 455% |
| Non-distributable reserves130/1 | - | - | - | €1.5m | €1.7m | €2.0m | €4.7m | €4.7m | = |
| Legal reserve130 | - | - | - | €1.5m | €1.7m | €2.0m | €4.7m | €4.7m | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €21.3m | - |
| Profit (loss) carried forward14 | €6.0m | €11.4m | €11.5m | €19.3m | €19.2m | €19.2m | €61.3m | €1.3m | ▼ 97.9% |
| Amounts payable17/49 | €1.8m | €2.5m | €0.8m | €4.2m | €3.5m | €6.1m | €20.1m | €10.4m | ▼ 48.0% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €9.8m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €9.8m | - |
| Other loans174 | - | - | - | - | - | - | - | €9.8m | - |
| Amounts payable within one year42/48 | €1.8m | €2.5m | €0.8m | €4.2m | €3.5m | €6.1m | €20.1m | €0.7m | ▼ 96.6% |
| Financial debts43 | - | - | - | - | - | - | - | €0.4m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.4m | - |
| Trade debts44 | €0.008m | €0.005m | €0.02m | €0.2m | €0.1m | €0.05m | €0.06m | €0.1m | ▲ 112% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.05m | €0.06m | €0.1m | ▲ 112% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.001m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4.0m | €3.3m | €6.0m | €20.0m | €0.1m | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.04m | €192 | ▼ 99.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.3m | €7.8m | €0.1m | €12.4m | €3.3m | €6.3m | €64.8m | €1.3m | ▼ 98.0% |
| Operating cash flow (approximation) | €4.3m | €7.8m | €0.1m | €12.4m | €3.3m | €6.3m | €64.8m | €1.3m | ▼ 98.0% |
| Investment in fixed assets (approximation) | - | -€6.8m | -€4.8m | €12.0m | -€21.3m | -€11.8m | -€11.3m | -€15.6m | ▼ 38.9% |
| Change in cash | - | €5.2m | -€5.1m | €21.4m | -€20.4m | -€0.4m | €1.9m | -€2.7m | - |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 21-05-2026 | 2026-00116998 |
| 31-12-2024 | full format | 26-05-2025 | 2025-00106114 |
| 31-12-2023 | full format | 03-06-2024 | 2024-00106711 |
| 31-12-2022 | full format | 26-05-2023 | 2023-00095730 |
| 31-12-2021 | full format | 25-05-2022 | 2022-20036116 |
| 31-12-2020 | full format | 30-07-2021 | 2021-45900588 |
| 31-12-2019 | full format | 09-06-2020 | 2020-15700566 |
| 31-12-2018 | full format | 20-06-2019 | 2019-20700188 |
| 31-12-2017 | full format | 04-06-2018 | 2018-16000086 |
| 31-12-2016 | full format | 09-06-2017 | 2017-16000125 |
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Of the 24,170 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,605. 242 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.