Equity
-€16,863
Debts exceed assets in financial year 2025.
THIS IS IT
Lifetime
8 annual accounts with figures on one time axispeak €122,173 (2022)
€104,561▲ 548%
lowest -€46,363 (2024)
-€29,597▲ €16,766
peak €59,096 (2023)
-€16,863▼ €29,597
€59,582▼ 76.0%
peak 0.2 FTE (2018)
-not published
Board4 names since 2017
1 directorChadon
Owners
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €16,134 to €104,561Loss of €29,597Equity from €12,733 to -€16,863Debts from €248,127 to €59,582
Key points
from the 2025 annual accountsLosses
-€75,959 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€59,582 139% of the balance sheet
Financial debts 14%Suppliers 37%Taxes and wages 3%Other 47%
Of this, €51,313 falls due within a year.
Investments
€26,251 2.2 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 1 late
The 2018 accounts came 30 days late. The other seven were filed on time.
Position in the sector
-€29,597
Lower net result than 91% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
Checked score
45
Fair
Financially stronger than 7% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.5%
01-2025: 5.0%▼ -0.5 percentage points vs 12-2024
02-2025: 4.9%▼ -0.1 percentage points vs 01-2025
03-2025: 4.9%● unchanged vs 02-2025
04-2025: 5.3%▲ +0.4 percentage points vs 03-2025
05-2025: 5.9%▲ +0.6 percentage points vs 04-2025highest value
06-2025: 5.7%▼ -0.2 percentage points vs 05-2025
07-2025: 5.2%▼ -0.5 percentage points vs 06-2025
08-2025: 5.7%▲ +0.5 percentage points vs 07-2025
09-2025: 4.1%▼ -1.6 percentage points vs 08-2025
10-2025: 3.8%▼ -0.3 percentage points vs 09-2025
11-2025: 3.8%● unchanged vs 10-2025
12-2025: 3.8%● unchanged vs 11-2025
01-2026: 3.8%● unchanged vs 12-2025
02-2026: 3.8%● unchanged vs 01-2026
03-2026: 3.8%● unchanged vs 02-2026
04-2026: 3.9%▲ +0.1 percentage points vs 03-2026
05-2026: 3.7%▼ -0.2 percentage points vs 04-2026
06-2026: 3.6%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 3.8%▲ +0.2 percentage points vs 06-2026
08-2026: 4.3%▲ +0.5 percentage points vs 07-2026
09-2026: 4.3%● unchanged vs 08-2026
10-2026: 4.3%● unchanged vs 09-2026
11-2026: 4.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Loss of €29,597, the second in a row (financial year 2025)
Negative equity -€16,863
lowers risk
Size: total assets €42,719
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 56, micro). It does better than 9% of them on solvency, 7% on liquidity, 8% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as THIS IS IT has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THIS IS IT itself: 4.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,008 companies, not a prediction for THIS IS IT. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.65 (0.57 in 2024), below 1. Short-term debt is 120.1% and cash 5.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,863
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 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 days early
2024
28 days early
2023
7 days early
2022
27 days early
2021
13 days early
2020
18 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0675629645
Registered office moved from Bonheiden to Mechelen
New registered office: Blarenberglaan 17, 2800 Mechelen · Previous registered office: Putsesteenweg 183, 2820 Bonheiden · Resignation: SAM’N FAMILY (director) · Gazette deed
New establishment in Tielt-Winge
Kasteel Orp, Oude Tiensebaan 62
Registered office moved from Rijmenam to Bonheiden
New registered office: Putsesteenweg 183, 2820 Bonheiden · Previous registered office: Sint-Maartensberg 9/011, 2820 Rijmenam · Permanent representative: Sam Frooninckx · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THIS IS IT Mechelen | €42,719 | €104,561 | -39.5% | - |
| De Musik Antwerp | €40,159 | €112,463 | 37.8% | - |
| DE GEUS Oudsbergen | €39,310 | €111,310 | -428.4% | - |
| BILADDI Sint-Gillis (bij-Brussel) | €44,957 | €115,118 | -196.7% | - |
| HOTEL PEKER Brussels | €43,194 | €80,326 | -14.8% | - |
| DE LINDENBOOM Ranst | €48,393 | €119,681 | -196.7% | - |
| DE LANGE POLLEPEL Willebroek | €33,908 | €90,180 | -34.2% | - |
These companies have the same main activity as THIS IS IT: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €33,900 and €48,400, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 11-05-2017Normal situation
- Activity
- Cafés and barsNACE 56301
- Joint committee
- 302Hotels and catering · annual accounts 2022
- Establishment units
- 2.265.587.4282800 Mechelen, since 11-05-2017
- 2.300.365.5893390 Tielt-Winge, since 11-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €280,000estimated
- €42,719▼ 83.6%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on THIS IS IT
THIS IS IT files the micro format. That format states no turnover. The gross margin rose from €23,914 in 2018 to €104,561 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THIS IS IT
- What is the company number of THIS IS IT?
- The company number of THIS IS IT is 0675.629.645. The VAT number is the same number with BE in front: BE 0675.629.645.
- Where is THIS IS IT based?
- The registered office is at Blarenberglaan 17, 2800 Mechelen.Company details
- What does THIS IS IT do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of THIS IS IT?
- THIS IS IT is a private limited company (BV).
- When was THIS IS IT founded?
- THIS IS IT was founded on 11-05-2017.
- Is THIS IS IT still active?
- Yes, THIS IS IT is an active enterprise in the KBO register.
- How many employees does THIS IS IT have?
- THIS IS IT had an average of 0.7 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does THIS IS IT fall under?
- In its 2022 annual accounts, THIS IS IT states joint committee 302 (Hotels and catering).
- What is the turnover of THIS IS IT?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €104,561 and 32 comparable companies (NACE 56301). It probably lies between €250,000 and €360,000.
- Is THIS IS IT profitable?
- In financial year 2025, THIS IS IT made a loss of €29,597.
- Where can I find the annual accounts of THIS IS IT?
- THIS IS IT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THIS IS IT due?
- THIS IS IT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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