Equity
€132,287 ▲ 125%
Equity rose in 2025 from €58,769 to €132,287.
THOAS PROJECTS
Lifetime
13 annual accounts with figures on one time axispeak €120,260 (2025)
€120,260▲ 41.4%
lowest -€24,865 (2023)
€73,518▲ 44.8%
peak €132,287 (2025)
€132,287▲ 125%
€49,450▼ 13.6%
peak 2.2 FTE (2020)
-not published
Board7 names since 2021
3 directorsDEKOCKER Greet Maria Ilse and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from €85,035 to €120,260Result from €50,763 to €73,518Equity from €58,769 to €132,287Cash from €25,151 to €35,165
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 87% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%highest value
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 1.7%▼ -0.3 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.6%▼ -0.1 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 0.2%▼ -1.4 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 3.97, cash €35,165
Founded in 2013
Equity €132,287 (72.8% of total assets)
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 47, micro). It does better than 83% of them on solvency, 76% on liquidity, 96% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as THOAS PROJECTS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of THOAS PROJECTS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for THOAS PROJECTS. 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 of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.97 (1.49 in 2024), above the usual 1.5. Short-term debt is 16.8% and cash 19.3% of total assets. 27.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
6 days early
2023
30 days late
2022
31 days late
2021
22 days late
2020
on the day
2019
67 days late
← 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 17 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 22 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0534569968
Registered office moved to Berlare
New registered office: Heikantstraat 44 A, 9290 Berlare (Overmere) · Reappointment: DEKOCKER Greet Maria Ilse (director) · Resignations: VAN DEN BOSCH Rien (director) and MPMC (director) · General meeting of 28-12-2023 · Gazette deed
Merger: THOAS PROJECTS takes over The House of Association
Resignation: The House of Association (director) · Appointments: Greet Dekocker, Rien van der Bosch and MPMC · Permanent representative: Marc Perin · General meeting of 30-12-2021 · Gazette deed
Merger proposal: THOAS PROJECTS BV takes over THE HOUSE OF ASSOCIATIONS C.V.
Permanent representative: Greet Dekocker · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THOAS PROJECTS Berlare | €181,737 | €120,260 | 72.8% | - |
| LanaLotta Leuven | €186,991 | €113,776 | 7.6% | - |
| UNIT 3 Willebroek | €181,542 | €131,198 | 23.5% | - |
| BeLux Trading Yvoir | €179,172 | €135,207 | 61.9% | - |
| VerDe Company Zoersel | €149,062 | €158,492 | -113.0% | - |
| LA VIVRIERE Forest | €162,942 | €135,776 | 18.7% | - |
| THIENDE CONSULT Mechelen | €216,663 | €126,602 | 41.4% | - |
These companies have the same main activity as THOAS PROJECTS: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €149,000 and €217,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 08-05-2013Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 3 others
- Joint committee
- 201Independent retail · annual accounts 2023
- Establishment unit
- 2.219.686.4349290 Berlare, since 17-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2024
Annual accounts 2025
- ≈ €980,000estimated
- €181,737▲ 56.7%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on THOAS PROJECTS
THOAS PROJECTS files the micro format. That format states no turnover. The gross margin rose from €1,639 in 2013 to €120,260 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 THOAS PROJECTS
- What is the company number of THOAS PROJECTS?
- The company number of THOAS PROJECTS is 0534.569.968. The VAT number is the same number with BE in front: BE 0534.569.968.
- Where is THOAS PROJECTS based?
- The registered office is at Heikantstraat 44 A, 9290 Berlare.Company details
- What does THOAS PROJECTS do?
- According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
- What is the legal form of THOAS PROJECTS?
- THOAS PROJECTS is a private limited company (BV).
- When was THOAS PROJECTS founded?
- THOAS PROJECTS was founded on 08-05-2013.
- Is THOAS PROJECTS still active?
- Yes, THOAS PROJECTS is an active enterprise in the KBO register.
- How many employees does THOAS PROJECTS have?
- THOAS PROJECTS had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does THOAS PROJECTS fall under?
- In its 2023 annual accounts, THOAS PROJECTS states joint committee 201 (Independent retail).
- What is the turnover of THOAS PROJECTS?
- The turnover in financial year 2025 is ≈ €980,000. This figure is estimated from the gross margin of €120,260 and 72 comparable companies (NACE 471). It probably lies between €670,000 and €1.3m.
- Is THOAS PROJECTS profitable?
- In financial year 2025, THOAS PROJECTS made a profit of €73,518.
- Where can I find the annual accounts of THOAS PROJECTS?
- THOAS PROJECTS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THOAS PROJECTS due?
- THOAS PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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