ThinkHat
ActiveFrom the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ThinkHat has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,124 and a net result of -€22,380. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 84% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 19-07-2017 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.266.381.442 2640 Mortsel, since 19-07-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 16-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- -€19,778
- Loss
- €22,380
- Equity
- €56,124
- ▼ 28.5%
- Total assets
- €64,824
- ▼ 20.9%
Score breakdownraises riskLoss of €22,380 (financial year 2025)lowers riskLiquidity: current ratio 7.02, cash €54,850Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €64,824Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 85% of them on solvency, 89% on liquidity, 5% on profitability and 21% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 8 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €22,440, after a profit of €32,754 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as ThinkHat: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €59,600 and €71,900, founded between 2016 and 2018.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ThinkHat Duffel | 2017 | €64,824 | €56,124 | -€19,778 | -€22,380 | 2025 |
| Nordkapp Tolhuin Antwerpen | 2018 | €68,002 | €65,875 | -€10,970 | -€12,460 | 2025 |
| MAXLIE Antwerpen | 2017 | €59,593 | -€51,847 | -€6,762 | -€17,841 | 2025 |
| Cumulus Media Belgium Westerlo | 2018 | €69,073 | €67,749 | -€11,809 | -€16,045 | 2025 |
| TRECIME Mechelen | 2018 | €69,526 | €54,153 | -€50,937 | -€63,752 | 2025 |
| ANDERS Bonheiden | 2016 | €71,907 | €70,202 | -€26,337 | -€124,177 | 2025 |
| UrbTech Mons | 2017 | €64,710 | €39,193 | -€3,609 | -€16,014 | 2025 |
They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 3,591 companies had the same profile as ThinkHat has now. Two years later, 3.0% had gone bankrupt and 87.4% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ThinkHat itself is lower: < 0.1% within 12 months. It rests on far more data about ThinkHat than the profile alone.
Test of the method
The method was tested on the 497,445 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 3,591 companies, not a prediction for ThinkHat. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,123 | €5,669 | €5,174 | €3,997 | €1,188 | €1,992 | €2,751 | €2,305 | ▼ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €25,500 | €0 | -€25,500 | - |
| Other operating charges640/8 | - | - | - | €986 | €1,375 | €1,073 | €894 | €25,858 | ▲ 29× |
| Gross operating margin9900 | €30,209 | €6,213 | €30,440 | €15,182 | €29,627 | €19,402 | €36,400 | -€19,778 | - |
| Operating profit (loss)9901 | €24,842 | €544 | €24,632 | €10,199 | €27,064 | -€9,163 | €32,754 | -€22,440 | - |
| Financial income75/76B | - | - | - | €10 | €2 | €728 | €186 | €362 | ▲ 95.0% |
| Recurring financial income75 | €19 | €20 | €16 | €10 | €2 | €728 | €186 | €362 | ▲ 95.0% |
| Financial charges65/66B | - | - | - | €351 | €204 | €889 | €260 | €164 | ▼ 37.1% |
| Recurring financial charges65 | €232 | €194 | €246 | €351 | €204 | €889 | €260 | €164 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | €24,629 | €370 | €24,403 | €9,858 | €26,862 | -€9,323 | €32,680 | -€22,242 | - |
| Income taxes67/77 | €8,266 | €753 | €5,446 | €2,810 | €6,656 | €180 | €8,040 | €138 | ▼ 98.3% |
| Profit (loss) for the period9904 | €16,364 | -€383 | €18,957 | €7,048 | €20,206 | -€9,503 | €24,640 | -€22,380 | - |
| Profit (loss) for the period to be appropriated9905 | €16,364 | -€383 | €18,957 | €7,048 | €20,206 | -€9,503 | €24,640 | -€22,380 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,872 | €29,848 | €60,003 | €66,289 | €84,241 | €55,610 | €81,919 | €64,824 | ▼ 20.9% |
| Fixed assets21/28 | €7,954 | €8,748 | €3,999 | €1,678 | €3,151 | €8,330 | €5,579 | €3,759 | ▼ 32.6% |
| Tangible fixed assets22/27 | €7,954 | €8,748 | €3,999 | €1,678 | €3,151 | €8,330 | €5,579 | €3,274 | ▼ 41.3% |
| Plant, machinery and equipment23 | - | - | - | €445 | €511 | €833 | €462 | €105 | ▼ 77.3% |
| Furniture and vehicles24 | - | - | - | €1,233 | €2,192 | €7,160 | €4,891 | €3,055 | ▼ 37.5% |
| Other tangible fixed assets26 | - | - | - | - | €449 | €337 | €226 | €114 | ▼ 49.3% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €485 | - |
| Current assets29/58 | €30,917 | €21,100 | €56,004 | €64,611 | €81,090 | €47,280 | €76,340 | €61,065 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €1,962 | €8,784 | €18,843 | - | €52,404 | €19,647 | €8,046 | €4,777 | ▼ 40.6% |
| Trade receivables40 | - | - | - | - | €52,303 | €11,113 | €8,046 | €1,922 | ▼ 76.1% |
| Other amounts receivable41 | - | - | - | - | €101 | €8,535 | €0 | €2,855 | - |
| Cash at bank and in hand54/58 | €27,456 | €11,021 | €36,429 | €63,865 | €27,921 | €25,348 | €67,446 | €54,850 | ▼ 18.7% |
| Deferred charges and accrued income490/1 | - | - | - | €746 | €765 | €2,284 | €849 | €1,438 | ▲ 69.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,872 | €29,848 | €60,003 | €66,289 | €84,241 | €55,610 | €81,919 | €64,824 | ▼ 20.9% |
| Equity10/15 | €28,764 | €28,381 | €47,337 | €54,386 | €63,367 | €53,863 | €78,503 | €56,124 | ▼ 28.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €16,364 | €16,364 | €34,937 | €34,937 | €50,967 | €41,463 | €66,103 | €66,103 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €33,077 | €49,107 | €41,463 | €66,103 | €66,103 | = |
| Profit (loss) carried forward14 | - | -€383 | - | €7,048 | - | - | - | -€22,380 | - |
| Amounts payable17/49 | €10,108 | €1,468 | €12,666 | €11,904 | €20,875 | €1,747 | €3,416 | €8,700 | ▲ 155% |
| Amounts payable within one year42/48 | €10,108 | €1,468 | €12,666 | €11,904 | €20,875 | €1,747 | €3,416 | €8,700 | ▲ 155% |
| Trade debts44 | €651 | €1,213 | €1,939 | €642 | €825 | €1,454 | €298 | €1,753 | ▲ 487% |
| Suppliers440/4 | - | - | - | €642 | €825 | €1,454 | €298 | €1,753 | ▲ 487% |
| Taxes, remuneration and social security45 | - | - | - | €10,806 | €11,034 | €293 | €2,283 | €4,571 | ▲ 100% |
| Taxes450/3 | - | - | - | €10,806 | €11,034 | €293 | €2,283 | €4,571 | ▲ 100% |
| Other amounts payable47/48 | - | - | - | €455 | €9,016 | - | €835 | €2,376 | ▲ 185% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,364 | -€383 | €18,957 | €7,048 | €20,206 | -€9,503 | €24,640 | -€22,380 | - |
| + Depreciation and write-downs630 | €5,123 | €5,669 | €5,174 | €3,997 | €1,188 | €1,992 | €2,751 | €2,305 | ▼ 16.2% |
| Operating cash flow (approximation) | €21,486 | €5,286 | €24,130 | €11,045 | €21,394 | -€7,511 | €27,392 | -€20,075 | - |
| Investment in fixed assets (approximation) | - | -€6,464 | -€425 | -€1,675 | -€2,662 | -€7,171 | €0 | -€485 | - |
| Change in cash | - | -€16,435 | €25,408 | €27,436 | -€35,944 | -€2,573 | €42,098 | -€12,596 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00276350 | NBB |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00323740 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00301960 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00408414 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20297050 | |
| 31-12-2020 | micro format | 09-09-2021 | 2021-66700461 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-64300264 | |
| 31-12-2018 | micro format | 13-08-2019 | 2019-47400396 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 27-06-2023 Capital stated in the deed · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Enige bestuurder,twee bestuurders samen,of college bevoegd voor alle handelingen nodig of dienstig tot verwezenlijking voorwerp,tenzij wet…”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “In de statuten opgelegde regelingen”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering bepaalt wijze overeenkomstig wettelijke bepalingen, na aanzuivering schulden,lasten,kosten of consignatie en na…”
Articles of association, deed of 27-06-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
48.5%
Connections & network
1 current directorThe network starts from the directors of ThinkHat. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-06
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Reserve release9 points ▸
- General meeting, “2570 Duffel,Leopoldstraat 36, buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Legal-form conversion, “besloten vennootschap,afgekort “BV”” (deed in Dutch)
- Capital conversion, “artikel 39,§2,derde lid van de wet van 23-03-2019 tot invoering van het Wetboek van vennootschappen en verenigingen en houdende diverse bepalingen, 01-01-202…” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening geheel opheffen, middelen beschikbaar voor uitkering,alle eigen vermogensbestanddelen beschikbaar,niet vermeld i…” (deed in Dutch)
- Capital
- Board composition, SYSMANS Christophe (director)
- Registered office clause, “2570 Duffel,Leopoldstraat 36” (deed in Dutch)
- Other provision, “verklaring enige aandeelhouder, artikel 2:8 §4 WVV” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12009A0603/00X002 | Flanders | 117 m² | 1 · 103 m² | 9.0 m · 3 |
| 11513C0060/00F004 | Flanders | 18 m² | - | - |