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THINKING FORWARD

Active Private limited companyfounded 2016active for 10 yearsMandsteenweg 16, 1785 MerchtemKBO/BCE: BE 0646.985.743
THINKING FORWARD
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €131,706 (2025)
€131,706▲ 22.1%
lowest -€80,713 (2024)
€95,296▲ €176,009
peak €206,213 (2025)
€206,213▲ 444%
€276,343▼ 11.3%
Board1 name since 2016
1 director
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €107,859 to €131,706Back to profit: €95,296Equity from €37,941 to €206,213

Key points

from the 2025 annual accounts

Equity

€206,213 ▲ 444%
€37,9002024€206,0002025

Equity rose in 2025 from €37,941 to €206,213.

Liquidity

3.20 was 0.44 in 2024

Short-term debts fell from €64,112 to €52,696.

Filings

7 annual accounts 5 late
AprilJune31 JulyOctober202020222024

The 2019 accounts came latest: 60 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as THINKING FORWARD has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 17,811 companies, not a prediction for THINKING FORWARD. 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 check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 26-01-2016
  • general partnerdeed of 31-12-2019
  • limited partnerdeed of 31-12-2019
Board & ownership

Recent changes

Registered office moved from Buggenhout to Merchtem New registered office: Mandsteenweg 16 bus 31, 1785 Merchtem · Previous registered office: Kasteelstraat 110, 9255 Buggenhout · Gazette deed
Registered office moved within Buggenhout New registered office: Kasteelstraat 110 te 9255 Buggenhout · Previous registered office: Kerkweg 23, 9255 Buggenhout · Gazette deed
Capital increase of €5,000 to €7,500 Capital from €2,500 to €7,500 · Change of role: , from manager to director · “Aanleggen en onderhouden van tuinen,parken; Plaatsen van afsluitingen; Plaatsen van klinkers; Leggen van…” (deed in Dutch) · General meeting of 05-12-2019 · Gazette deed
Incorporation Founding capital of €2,500, 100 shares · Founders: (general partner) and (limited partner) · Appointment: (manager) · published on 28-01-2016 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
THINKING FORWARD Merchtem €482,555 €131,706 42.7% -
Fab-iD Meise €373,176 €129,431 5.5% -
Bureau Aerts – Ingénieur Conseil Namur €472,193 €127,455 18.8% -
FEBRIS BIORISK CONSULT Aalter €545,200 €128,264 94.0% -
LDB SERVICES Lebbeke €548,631 €134,378 43.4% -
ELEMENTARY Charleroi €447,718 €113,978 94.7% -
MALMAC Ranst €446,657 €148,838 30.7% 2.1

These companies have the same main activity as THINKING FORWARD: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €373,000 and €549,000, founded between 2014 and 2016.

Official details

Source: KBO
Status
Active since 26-01-2016Normal situation
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 7 others
Establishment unit
2.249.622.2181785 Merchtem, since 26-01-2016
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€131,706▲ 22.1%
≈ €270,000estimated
€95,296
€206,213▲ 444%
€482,555▲ 38.1%
Filing
Filed on 30-07-2026, 1 day before the end of the filing period
Financials

Insights on THINKING FORWARD

THINKING FORWARD files the micro format. That format states no turnover. The gross margin rose from €33,509 in 2019 to €131,706 in 2025.

The balance sheet grew most from 2020 to 2021 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-07-2026, 1 day before the deadline
€131,706
▲ 22.1%
€122,842
▲ €195,161
€95,296
▲ €176,009
€116,037
▲ €151,864
42.7%
▲ 31.9 percentage points
3.20
▲ 2.76

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €270,000. Estimated: probably between €200,000 and €340,000.

Balance sheet

balance sheet total €482,555 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

42.7%

Higher than 39% of 12,254 companies in 2025.

3.20

Higher than 67% of 11,959 companies in 2025.

19.7%

Higher than 66% of 12,054 companies in 2025.

THINKING FORWARD Middle half of the sector 80% of the sector Micro accounts in architecture and engineering (NACE 71)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 482,555349,524796,569843,732876,469839,46176,398
21/28 313,822321,239771,771806,081840,427797,67715,216
22/27 313,822321,239771,771806,081840,427797,67715,216
22 313,621320,489756,317775,633794,949792,911-
23 --3,0564,3815,7064951,230
24 20175012,39826,06739,7724,27113,987
29/58 168,73328,28524,79737,65136,04241,78461,182
40/41 163,09726,73019,47032,99119,33041,78448,441
40 9,63916,90319,47032,99115,35640,13735,892
41 153,4579,827--3,9731,64712,550
54/58 3,954-4,4122,2451,270-12,740
490/1 1,6821,5559162,41615,441--
Balance sheet: equity and liabilities
10/49 482,555349,524796,569843,732876,469839,46176,398
10/15 206,21337,941152,654109,57295,99771,28262,027
10/11 7,5007,5007,5007,5007,5007,500-
11 ------7,500
1100/10 ------7,500
13 198,713111,154145,154102,07288,49763,78254,527
130/1 250250250250250250-
130 ------250
1311 250250250250250250-
132 5,9905,9905,9905,9905,9905,9905,990
133 192,473104,914138,91495,83282,25857,54248,287
14 0-80,713-----
17/49 276,343311,583643,915734,160780,471768,17914,372
17 223,647247,471405,943451,246496,792508,535-
170/4 223,647247,471405,943451,246496,792508,535-
42/48 52,69664,112237,972282,915283,679259,64414,372
42 23,82427,56447,34445,54644,827223,23112,031
43 5,059464---1,362-
430/8 5,059464---1,362-
44 8,63513,28612,5879,2372,1252,2781,473
440/4 8,63513,28612,5879,2372,1252,2781,473
45 15,17812,33720,2357,8146,1257,064868
450/3 15,17812,33720,2357,8146,1257,064868
47/48 -10,462157,807220,317230,60225,710-
Income statement
9900 131,706107,859109,04667,95375,15239,41633,509
630 7,41714,95134,30934,34625,61616,74622,160
640/8 1,4471,6941,6331,5772,016333341
66A 0163,533-----
9901 122,842-72,31973,10332,03047,52022,33711,007
75/76B 5,069-0024-
75 5,069-0024-
65/66B 5,1638,22013,06811,66912,3478,786503
65 5,1638,22013,06811,66912,3478,786503
9903 122,748-80,53960,03520,36135,17513,55510,504
67/77 27,45217316,9536,7879,6604,3004,007
9904 95,296-80,71343,08213,57425,5169,2556,497
9905 95,296-80,71343,08213,57425,5169,2556,497
Appropriation of the result
9906 95,296-80,71343,08213,57425,5169,2556,497
791/2 034,000-----
691/2 95,296-43,08213,57424,7169,2556,497
6921 95,296-43,08213,57424,7169,2556,497
694/7 034,000--800--
694 034,000--800--
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-07-2026 2026-00356541 PDF
31-12-2024 micro format 27-08-2025 2025-00412730 PDF
31-12-2023 micro format 31-07-2024 2024-00311203 PDF
31-12-2022 micro format 31-08-2023 2023-00396067 PDF
31-12-2021 micro format 16-08-2022 2022-20289178 PDF
31-12-2020 micro format 25-08-2021 2021-54800069 PDF
31-12-2019 micro format 29-09-2020 2020-57000031 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
130,259-57,368107,41266,37673,13639,08333,168
102,713-65,76177,39247,92051,13126,00228,657
0323,7920068,366799,207-
--2,167974---
116,037-35,827-213,175-245,264-247,638-217,86046,810
42.7%10.9%19.2%13.0%11.0%8.5%81.2%
3.200.440.100.130.130.164.26
1.348.214.226.708.1310.780.23
46.2%-212.7%28.2%12.4%26.6%13.0%10.5%
19.7%-23.1%5.4%1.6%2.9%1.1%8.5%
25.23-6.988.225.695.92--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item20252024202320222021
Mortgages, amount registered----€275,000
----€465,000
Carrying value of the mortgaged assets----€794,949

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€323,792--€68,366
Financial fixed assets€0----
€7,417€14,951€34,309€34,346€25,616

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on THINKING FORWARD

The operating result for 2025 is a profit of €122,842, after a loss of €72,319 in 2024. It is the highest result since 2019.

Debt's share of the balance-sheet total falls from 89.1% to 57.3%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, no change since 2019
Director
since 26-01-2016 term without a fixed end
earlier manager, until 31-12-2019
listed in the 2025 annual accounts, filed on 30-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
BoardEarlier
Mandates as a list
    • Manager (not named in the articles), from 26-01-2016 to 31-12-2019
    • Director, appointed by deed of 31-12-2019, still in office

See the board, name and registered office on a given date →

Control

Shareholders
,
This company
THINKING FORWARD
Equity €206,213
Profit €95,296 in 2025

Capital

Capital
€7,500
Shares
100
Contribution per share
€75
Equity per share
€2,062 in 2025
Source
deed of 31-12-2019

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-12-2019 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
deed of 31-12-2019 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 28-01-2016 (in Dutch)

Shareholders

Stated in the deed deed of 31-12-2019 ↗
  • beherend vennoot · 90 shares
  • stille vennoot · 10 shares
At incorporation deed of 28-01-2016 ↗
  • hoofdelijk aansprakelijk vennoot,beherend vennoot genoemd · 90 shares (90%) · €2,250 in cash
  • stille vennoot · 10 shares (10%) · €250 in cash

Capital transactions

Capital over time
  1. 31-12-2019 Capital increase of €5,000 · to €7,500 · no new shares · in cash
  2. 31-12-2019 Converted to unavailable equity · €7,500
  3. 28-01-2016 Incorporation · €2,500 · 100 shares

Network & group

No group

THINKING FORWARD has no parent and no holdings in its annual accounts. is the only director. THINKING FORWARD shares no director with another company.

At the same address

Mandsteenweg 16, 1785 Merchtem · 1 other company
Henrotte, Mathieu (sole trader)
establishment since 01-07-2020
 founded in 2020
0748.740.129

Timeline

Timeline

18 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
2025
Back to profit net €95,296 The net result is €95,296, after one loss-making year.
Liquidity more than 7 times current ratio 3.20 The current ratio rises from 0.44 to 3.20. Short-term debt falls from €64,112 to €52,696.
Equity above €200,000 equity €206,213 ▲444% Equity rises from €37,941 to €206,213.
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
Weakest financial year net -€80,713 The net result drops to -€80,713, the lowest from 2019 to 2025. It recovers the following year.
Registered office moved from Buggenhout to MerchtemNew registered office: Mandsteenweg 16 bus 31, 1785 Merchtem · Previous registered office: Kasteelstraat 110, 9255 Buggenhout1 point ▸
  • Registered-office move, Mandsteenweg 16 bus 31, 1785 Merchtem
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Equity above €150,000 equity €152,654 ▲39.3% With a profit in every financial year since 2019, equity grows to €152,654.
Annual accounts 2022 filed PDFmicro format · 31 days late
2022
Equity above €100,000 equity €109,572 ▲14.1% With a profit in every financial year since 2019, equity grows to €109,572.
Annual accounts 2021 filed PDFmicro format · 16 days late
2021
Registered office moved within BuggenhoutNew registered office: Kasteelstraat 110 te 9255 Buggenhout · Previous registered office: Kerkweg 23, 9255 Buggenhout1 point ▸
  • Registered-office move, Kasteelstraat 110 te 9255 Buggenhout

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 25 days late
2020
Annual accounts 2019 filed PDFmicro format · 60 days late
2019
Capital increase of €5,000 to €7,500Capital from €2,500 to €7,500 · Change of role: , from manager to director · “Aanleggen en onderhouden van tuinen,parken; Plaatsen van afsluitingen; Plaatsen van klinkers; Leggen van…” (deed in Dutch) · General meeting of 05-12-201915 points ▸
  • General meeting, 05-12-2019
  • Partner, (general partner)
  • Partner, (limited partner)
  • Capital increase, €5,000
  • Capital contribution, €5,000
  • Capital, €7,500, 100 shares
  • Purpose change, “Aanleggen en onderhouden van tuinen,parken; Plaatsen van afsluitingen; Plaatsen van klinkers; Leggen van opritten en terrassen; Onderneming voor het aanbrengen…” (deed in Dutch)
  • Auditor report, 30-09-2019
  • Legal-form conversion, from limited partnership to private limited company (pre-2019), mentioned twice in the deed
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • 100 shares
  • Power of attorney,
  • Director resignation, (manager)
  • Director appointment,
  • Registered office clause, 9255 Buggenhout Kerkweg 23
  • The deed holds 18 more points.

Open the deed in the Belgian Official Gazette

2016
IncorporationFounding capital of €2,500, 100 shares · Founders: (general partner) and (limited partner) · Appointment: (manager) · published on 28-01-20167 points ▸
  • Founder, (general partner)
  • Founder, (limited partner)
  • Founding capital, €2,500, 100 shares
  • Capital, €2,500, 100 shares
  • Partner, (hoofdelijk aansprakelijk vennoot,beherend vennoot genoemd)
  • Partner, (limited partner)
  • Director appointment, (manager (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Mandsteenweg 16, Merchtem

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 26 January 2016, THINKING FORWARD was incorporated by two natural persons, with a starting capital of €2,500.12 A capital increase in 2019 brought the capital to €7,500.3 The registered office moved to Buggenhout in 2021 and to Merchtem in 2024.45 has served as director since 2016.6 Total assets went from €76,398 in 2019 to €482,555 in 2025.7

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-01-2016
  3. 3Belgian Official Gazette, 31-12-2019
  4. 4Belgian Official Gazette, 22-11-2021
  5. 5Belgian Official Gazette, 29-08-2024
  6. 6National Bank, annual accounts 2025
  7. 7National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0646.985.743
VAT number
BE 0646.985.743
Peppol ID
0208:0646985743
Other Peppol ID
9925:BE0646985743
Legal form
Private limited company
Status
Active, normal situation
Founded
26-01-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 28-01-2016 (in Dutch)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
THINKING FORWARD in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-12-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 31-12-2019 (in Dutch)

Activities

NACEBEL 2025
71121 Engineering and related technical consultancy, excluding land surveyors main activity
33200 Installation of industrial machinery and equipment
43211 General electrical installation work
43350 Other building finishing work
43990 Other specialised construction activities
47400 Retail sale of information and communication equipment
81300 Landscape service activities
95210 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Codes under NACEBEL 2008
71121 Engineering activities main activity
33200 Installation of industrial machinery and equipment
43211 Specialised construction activities
43390 Specialised construction activities
43999 Specialised construction activities
47430 Retail trade
81300 Landscape service activities
95210 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
PurposeThe purpose describes the activities the company may carry out under its articles.
“Activiteiten van ingenieurs en aanverwante technische adviseurs; Installatie van industriële machines,toestellen en werktuigen; Het…”
25 activities
  1. Activiteiten van ingenieurs en aanverwante technische adviseurs;
  2. Installatie van industriële machines,toestellen en werktuigen;
  3. Het ontwerpen,de montage en het onderhoud van systemen voor de continue bewaking van industriële processen;
  4. De uitwerking en de realisatie van projecten op het gebied van de elektriciteit en elektronica,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz.;
  5. Reparatie van consumentenelektronica;
  6. De reparatie van elektrische huishoudapparaten;
  7. Elektrotechnische installatiewerken aan gebouwen;
  8. Installatie van bewakingssystemen en alarminstallaties tegen diefstal;
  9. Overige gespecialiseerde bouwwerkzaamheden;
  10. Overige bouwinstallatie,n.e.g.;
  11. Elektrotechnische installatiewerken,uitgezonderd aan gebouwen;
  12. Detailhandel in audio- en videoapparatuur in gespecialiseerde winkels;
  13. Kleinhandel in elektrische huishoudapparaten;
  14. Detailhandel in verlichtingsartikelen in gespecialiseerde winkels;
  15. Aanleggen en onderhouden van tuinen,parken;
  16. Plaatsen van afsluitingen;
  17. Plaatsen van klinkers;
  18. Leggen van opritten en terrassen;
  19. Onderneming voor het aanbrengen van chape;
  20. Plaatsen,monteren van houten constructies,tuinhuizen e.d.;
  21. Metselwerken; diverse werkzaamheden in verband met afwerking van gebouwen;
  22. Klusjesdienst;
  23. Handel in eigen onroerend goed;
  24. Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed,exclusief sociale woningen;
  25. Overige zakelijke dienstverlening,n.e.g.
deed of 31-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Mandsteenweg 16 registered office 1785 Merchtem 26-01-2016 2.249.622.218
1 former office
  • Kasteelstraat 110, 9255 Buggenhout until 15-07-2024 · deed of 29-08-2024

Buildings and parcels at the address

Ground area
1,830 m²
Buildings
945 m²
Volume, LiDAR
10,794 m³
Tallest building
16.9 m
Buildings to scale, each on its own parcel
945 m², 16.9 m 945 m², 16.9 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
23602H0227/00N0001,830 m² 1 · 945 m² 16.9 m · 4

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0646.985.743

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