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THINKUBATE

Active
Private limited companyfounded 20215 yrs activeHundelgemsesteenweg 157, 9050 Gent, BelgiumKBO/BCE: BE 0773.757.122
Summary

THINKUBATE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,371 and a net result of €2,071. Equity is shrinking by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability81▲+81
Solvency89▼-11
Growth32=
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 4.65 in 2024; short-term debt: 36.4% and cash: 20.6% of total assets), and 36.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.6%
Return on assets
9.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
1 d early
2024
7 d early
2023
7 d early
2022
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THINKUBATE was incorporated on 10 September 2021 as a Private limited company.1 Total assets fell from EUR 76,324 in 2022 to EUR 21,034 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€13,371▲ 18.3%
2024 · €11,300
Total assets
€21,034▲ 46.1%
2024 · €14,394
Net result
€2,071
2024 · -€23,461
Working capital
€12,126▲ 7.3%
2024 · €11,300
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€68,430--€20,853-€23,363▼ 12.0%€2,111
Net result€54,667within the sector's middle half--€20,905below the sector's middle half-€23,461below the sector's middle half▼ 12.2%€2,071below the sector's middle half
Equity€55,667within the sector's middle half-€34,761within the sector's middle half▼ 37.6%€11,300below the sector's middle half▼ 67.5%€13,371below the sector's middle half▲ 18.3%
Total assets€76,324below the sector's middle half-€51,391below the sector's middle half▼ 32.7%€14,394below the sector's middle half▼ 72.0%€21,034below the sector's middle half▲ 46.1%
Debt€20,657-€16,630▼ 19.5%€3,093▼ 81.4%€7,663▲ 148%
Working capital€55,667-€34,761▼ 37.6%€11,300▼ 67.5%€12,126▲ 7.3%
Solvency72.9%within the sector's middle half-67.6%within the sector's middle half▼ 5.3pp78.5%within the sector's middle half▲ 10.9pp63.6%within the sector's middle half▼ 14.9pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2022: €68,430€68,430Net result 2022: €54,667€54,667Operating result 2023: -€20,853-€20,853Net result 2023: -€20,905-€20,905Operating result 2024: -€23,363-€23,363Net result 2024: -€23,461-€23,461Operating result 2025: €2,111€2,111Net result 2025: €2,071€2,0712022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€20,853-€20,900Net result 2023: -€20,905-€20,900Operating result 2024: -€23,363-€23,400Net result 2024: -€23,461-€23,500Operating result 2025: €2,111€2,110Net result 2025: €2,071€2,070202320242025
The operating result returns to profit in 2025: €2,111 after a loss of €23,363 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,034
Fixed assets €1,245
Current assets €19,789
Equity and liabilities €21,034
Equity €13,371 ▲ 18.3%
Debt €7,663 ▲ 148%
Debt's share of the balance-sheet total rises from 21.5% to 36.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,309
Cash flow
€2,269
Current ratio
2.58▼
2024 · 4.65
Debt to equity
0.57▲
2024 · 0.27
ROE
15.5%▲
2024 · -207.6%
ROA
9.8%▲
2024 · -163.0%
Interest coverage
57.15
Debt ≤ 1 year
€7,663▲
2024 · €3,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,964 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€14,394€21,034▲
Fixed assets21/28-€1,245
Tangible fixed assets22/27-€1,245
Furniture and vehicles24-€1,245
Current assets29/58€14,394€19,789▲
Amounts receivable within one year40/41€1,000€15,463▲
Trade receivables40€1,000€15,463▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€13,394€4,327▼
Equity and liabilities
Total equity and liabilities10/49€14,394€21,034▲
Equity10/15€11,300€13,371▲
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14€10,300€12,371▲
Amounts payable17/49€3,093€7,663▲
Amounts payable within one year42/48€3,093€7,663▲
Trade debts44€348€2,183▲
Suppliers440/4€348€2,183▲
Taxes, remuneration and social security45€241€2,900▲
Taxes450/3€241€2,900▲
Other amounts payable47/48€2,504€2,581▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€198
Other operating charges640/8€528€544▲
Gross operating margin9900-€22,835€2,853▲
Operating profit (loss)9901-€23,363€2,111▲
Financial charges65/66B€98€40▼
Recurring financial charges65€98€40▼
Profit (loss) for the period before taxes9903-€23,461€2,071▲
Profit (loss) for the period9904-€23,461€2,071▲
Profit (loss) for the period to be appropriated9905-€23,461€2,071▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,300€12,371▲
Profit (loss) brought forward from the previous period14P€33,761€10,300▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€198-
Other operating charges640/8-€132€528€544▲ 3.0%
Gross operating margin9900€68,430-€20,722-€22,835€2,853▲ 112%
Operating profit (loss)9901€68,430-€20,853-€23,363€2,111▲ 109%
Financial charges65/66B€86€52€98€40▼ 58.9%
Recurring financial charges65€86€52€98€40▼ 58.9%
Profit (loss) for the period before taxes9903€68,344-€20,905-€23,461€2,071▲ 109%
Income taxes67/77€13,677----
Profit (loss) for the period9904€54,667-€20,905-€23,461€2,071▲ 109%
Profit (loss) for the period to be appropriated9905€54,667-€20,905-€23,461€2,071▲ 109%
Line2022202320242025Change
Assets
Total assets20/58€76,324€51,391€14,394€21,034▲ 46.1%
Fixed assets21/28---€1,245-
Tangible fixed assets22/27---€1,245-
Furniture and vehicles24---€1,245-
Current assets29/58€76,324€51,391€14,394€19,789▲ 37.5%
Amounts receivable within one year40/41€19,965€5,783€1,000€15,463▲ 1,446%
Trade receivables40€19,965€5,586€1,000€15,463▲ 1,446%
Other amounts receivable41-€197€0--
Cash at bank and in hand54/58€56,359€45,608€13,394€4,327▼ 67.7%
Equity and liabilities
Total equity and liabilities10/49€76,324€51,391€14,394€21,034▲ 46.1%
Equity10/15€55,667€34,761€11,300€13,371▲ 18.3%
Contributions10/11€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14€54,667€33,761€10,300€12,371▲ 20.1%
Amounts payable17/49€20,657€16,630€3,093€7,663▲ 148%
Amounts payable within one year42/48€20,657€16,630€3,093€7,663▲ 148%
Trade debts44€1,777€1,647€348€2,183▲ 528%
Suppliers440/4€1,777€1,647€348€2,183▲ 528%
Taxes, remuneration and social security45€18,880€13,677€241€2,900▲ 1,102%
Taxes450/3€18,880€13,677€241€2,900▲ 1,102%
Other amounts payable47/48-€1,306€2,504€2,581▲ 3.0%
Line2022202320242025Change
Profit (loss) for the period9904€54,667-€20,905-€23,461€2,071▲ 109%
+ Depreciation and write-downs630---€198-
Operating cash flow (approximation)€54,667-€20,905-€23,461€2,269▲ 110%
Change in cash--€10,751-€32,215-€9,067▲ 71.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €2,071
Net result €2,071 after 2 loss-making years.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€23,461
Net result drops to -€23,461, the lowest in the series; recovery starts the following year.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
179 m²
Building footprint
115 m²
Volume, LiDAR
1,055 m³
Parcel 44032A0267/00E013, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
THINKUBATE
Hundelgemsesteenweg 157, 9050 GentIT consultancy
since 20212.321.417.262
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44032A0267/00E013 Flanders 179 m² 1 · 115 m² 12.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 26,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded10-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62900Other information technology and computer services
63920Other information service activities
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:0773757122
Also 9925:BE0773757122
Registered 30-07-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.