THINKANDO
ActiveSummary
The annual accounts of THINKANDO for financial year 2025 show a net loss of 241% of total assets and of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €92,118 and a net result of -€558,032. Equity is growing by about 2.7% per year across the filed financial years. Its solvency ranks better than 39% of 10,610 sector peers (NACE 70, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2025, abbreviated format
Equity
€92,118▼ 85.9%
2024 · €651,817
Total assets
€231,901▼ 73.1%
2024 · €861,615
Net result
-€558,032
2024 · €40,556
Working capital
-€10,460▲ 92.4%
2024 · -€137,614
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 1% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€62,142
2025
Net result-€558,032
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€231,901
2025
Equity€92,118
2025
Debt€139,783
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€10,460
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)-240.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.72
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€19,933-€19,727▼ 1.0%-€1,595€41,340€42,122▲ 1.9%€57,030▲ 35.4%€62,504▲ 9.6%€62,142▼ 0.6%
Net result€10,731-€9,924▼ 7.5%-€5,122below the sector's middle half€27,446within the sector's middle half€28,037within the sector's middle half▲ 2.2%€38,858within the sector's middle half▲ 38.6%€40,556within the sector's middle half▲ 4.4%-€558,032below the sector's middle half
Equity€550,590-€560,514▲ 1.8%€555,393above the sector's middle half▼ 0.9%€582,839above the sector's middle half▲ 4.9%€610,876within the sector's middle half▲ 4.8%€649,734within the sector's middle half▲ 6.4%€651,817within the sector's middle half▲ 0.3%€92,118within the sector's middle half▼ 85.9%
Total assets€822,408-€819,008▼ 0.4%€812,292above the sector's middle half▼ 0.8%€828,039above the sector's middle half▲ 1.9%€854,023within the sector's middle half▲ 3.1%€883,476within the sector's middle half▲ 3.4%€861,615within the sector's middle half▼ 2.5%€231,901below the sector's middle half▼ 73.1%
Debt€271,818-€258,494▼ 4.9%€256,899▼ 0.6%€245,200▼ 4.6%€243,147▼ 0.8%€233,742▼ 3.9%€209,798▼ 10.2%€139,783▼ 33.4%
Working capital-€41,590--€30,476▲ 26.7%-€36,962below the sector's middle half▼ 21.3%€7,399within the sector's middle half€15,079within the sector's middle half▲ 104%€6,968within the sector's middle half▼ 53.8%-€137,614below the sector's middle half-€10,460within the sector's middle half▲ 92.4%
Solvency66.9%-68.4%▲ 1.5pp68.4%within the sector's middle half▼ 0.1pp70.4%within the sector's middle half▲ 2.0pp71.5%within the sector's middle half▲ 1.1pp73.5%within the sector's middle half▲ 2.0pp75.7%within the sector's middle half▲ 2.1pp39.7%within the sector's middle half▼ 35.9pp
Current ratio0.40-0.44▲ 0.040.32below the sector's middle half▼ 0.121.29within the sector's middle half▲ 0.971.49within the sector's middle half▲ 0.201.09within the sector's middle half▼ 0.400.33below the sector's middle half▼ 0.760.72within the sector's middle half▲ 0.39
Return on assets (ROA)1.3%-1.2%▼ 0.1pp-0.6%below the sector's middle half▼ 1.8pp3.3%within the sector's middle half▲ 3.9pp3.3%within the sector's middle half=4.4%within the sector's middle half▲ 1.1pp4.7%within the sector's middle half▲ 0.3pp-240.6%below the sector's middle half▼ 245.3pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,901
Fixed assets
€204,918 ▼ 74.2%
Current assets
€26,983 ▼ 60.2%
Equity and liabilities €231,901
Equity
€92,118 ▼ 85.9%
Debt
€139,783 ▼ 33.4%
Debt's share of the balance-sheet total rises from 24.3% to 60.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€63,602▼
2024 · €67,378
Cash flow
-€556,572▼
2024 · €45,430
Debt to equity
1.52▲
2024 · 0.32
ROE
-605.8%▼
2024 · 6.2%
Interest coverage
11.57▲
2024 · 9.62
Debt ≤ 1 year
€37,443▼
2024 · €205,463
Debt > 1 year
€101,993▲
2024 · €4,336
Income taxes
€14,709▼
2024 · €14,944
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,676 | €6,000 | €4,874 | €1,460 | ▼ 70.0% |
| Other operating charges640/8 | - | - | - | €1,208 | €1,239 | €1,510 | €1,548 | €1,690 | ▲ 9.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €466 | - |
| Gross operating margin9900 | €21,726 | €22,557 | -€389 | €42,548 | €45,037 | €64,540 | €68,926 | €65,758 | ▼ 4.6% |
| Operating profit (loss)9901 | €19,933 | €19,727 | -€1,595 | €41,340 | €42,122 | €57,030 | €62,504 | €62,142 | ▼ 0.6% |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | €31 | ▲ 17,929% |
| Recurring financial income75 | €0 | €0 | €0 | - | - | €0 | €0 | €31 | ▲ 17,929% |
| Financial charges65/66B | - | - | - | €3,828 | €3,398 | €3,110 | €7,004 | €605,496 | ▲ 8,545% |
| Recurring financial charges65 | €3,199 | €3,430 | €3,155 | €3,828 | €3,398 | €3,110 | €7,004 | €5,496 | ▼ 21.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €600,000 | - |
| Profit (loss) for the period before taxes9903 | €16,734 | €16,297 | -€4,750 | €37,512 | €38,724 | €53,920 | €55,500 | -€543,323 | ▼ 1,079% |
| Income taxes67/77 | €6,004 | €6,373 | €372 | €10,066 | €10,687 | €15,062 | €14,944 | €14,709 | ▼ 1.6% |
| Profit (loss) for the period9904 | €10,731 | €9,924 | -€5,122 | €27,446 | €28,037 | €38,858 | €40,556 | -€558,032 | ▼ 1,476% |
| Profit (loss) for the period to be appropriated9905 | €10,731 | €9,924 | -€5,122 | €27,446 | €28,037 | €38,858 | €40,556 | -€558,032 | ▼ 1,476% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €822,408 | €819,008 | €812,292 | €828,039 | €854,023 | €883,476 | €861,615 | €231,901 | ▼ 73.1% |
| Fixed assets21/28 | €795,080 | €795,080 | €795,080 | €795,080 | €807,970 | €797,379 | €793,766 | €204,918 | ▼ 74.2% |
| Tangible fixed assets22/27 | - | - | - | - | €12,890 | €7,334 | €3,721 | €14,873 | ▲ 300% |
| Furniture and vehicles24 | - | - | - | - | €12,890 | €7,334 | €3,721 | €14,873 | ▲ 300% |
| Financial fixed assets28 | €795,080 | €795,080 | €795,080 | €795,080 | €795,080 | €790,045 | €790,045 | €190,045 | ▼ 75.9% |
| Current assets29/58 | €27,328 | €23,928 | €17,212 | €32,959 | €46,053 | €86,097 | €67,849 | €26,983 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €14,720 | €339 | €441 | €2,253 | €15,819 | €19,407 | €16,472 | €17,371 | ▲ 5.5% |
| Trade receivables40 | - | - | - | €319 | €15,819 | €19,368 | €16,472 | €17,080 | ▲ 3.7% |
| Other amounts receivable41 | - | - | - | €1,934 | €0 | €38 | €0 | €291 | - |
| Cash at bank and in hand54/58 | €8,288 | €12,815 | €14,021 | €21,269 | €19,907 | €62,355 | €49,521 | €7,221 | ▼ 85.4% |
| Deferred charges and accrued income490/1 | - | - | - | €9,437 | €10,327 | €4,335 | €1,856 | €2,391 | ▲ 28.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €822,408 | €819,008 | €812,292 | €828,039 | €854,023 | €883,476 | €861,615 | €231,901 | ▼ 73.1% |
| Equity10/15 | €550,590 | €560,514 | €555,393 | €582,839 | €610,876 | €649,734 | €651,817 | €92,118 | ▼ 85.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €113,694 | €113,694 | €113,694 | €113,694 | €113,694 | €113,694 | €75,221 | €73,518 | ▼ 2.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €111,834 | €113,694 | €113,694 | €75,221 | €73,518 | ▼ 2.3% |
| Profit (loss) carried forward14 | €418,296 | €428,221 | €423,099 | €450,545 | €478,582 | €517,440 | €557,996 | €0 | ▼ 100% |
| Amounts payable17/49 | €271,818 | €258,494 | €256,899 | €245,200 | €243,147 | €233,742 | €209,798 | €139,783 | ▼ 33.4% |
| Amounts payable after more than one year17 | €202,900 | €204,089 | €202,660 | €219,637 | €212,173 | €154,613 | €4,336 | €101,993 | ▲ 2,252% |
| Financial debts170/4 | - | - | - | €219,637 | €212,173 | €154,613 | €4,336 | €101,993 | ▲ 2,252% |
| Amounts payable within one year42/48 | €68,918 | €54,405 | €54,174 | €25,560 | €30,974 | €79,129 | €205,463 | €37,443 | ▼ 81.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,752 | €9,924 | €55,099 | €150,278 | €28,122 | ▼ 81.3% |
| Trade debts44 | €3,378 | €2,144 | €1,693 | €5,488 | €56 | €1,692 | €2,009 | €544 | ▼ 72.9% |
| Suppliers440/4 | - | - | - | €5,488 | €56 | €1,692 | €2,009 | €544 | ▼ 72.9% |
| Taxes, remuneration and social security45 | - | - | - | €9,371 | €19,959 | €11,977 | €9,954 | €7,075 | ▼ 28.9% |
| Taxes450/3 | - | - | - | €9,371 | €11,496 | €9,257 | €9,954 | €7,075 | ▼ 28.9% |
| Remuneration and social security454/9 | - | - | - | - | €8,464 | €2,721 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €949 | €1,035 | €10,360 | €43,222 | €1,701 | ▼ 96.1% |
| Accrued charges and deferred income492/3 | - | - | - | €3 | €0 | - | - | €347 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,731 | €9,924 | -€5,122 | €27,446 | €28,037 | €38,858 | €40,556 | -€558,032 | ▼ 1,476% |
| + Depreciation and write-downs630 | - | - | - | - | €1,676 | €6,000 | €4,874 | €1,460 | ▼ 70.0% |
| Operating cash flow (approximation) | €10,731 | €9,924 | -€5,122 | €27,446 | €29,713 | €44,858 | €45,430 | -€556,572 | ▼ 1,325% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€14,566 | €4,590 | -€1,260 | €587,388 | ▲ 46,704% |
| Change in cash | - | €4,527 | €1,206 | €7,248 | -€1,362 | €42,448 | -€12,834 | -€42,299 | ▼ 230% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
PlusValor
BE 0771.517.808
Tongeren-Borgloon · equity €92,121
JDM-Trading
BE 0695.399.928
Antwerpen · equity €92,106
CoCru
BE 0804.536.707
Aalst · equity €92,105
EME-MANAGE
BE 1003.219.926
Tongeren-Borgloon · equity €92,101
ASSURLUX ASSIST
BE 0769.491.496
Paliseul · equity €92,099
Of the 82,865 companies in this sector, figures are known for 54,242. 41,757 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from August 2017 to September 2026 are still being read.