THOBO ELECTRICS

Active

Private limited companyfounded 20223 yrs activeDuinenweg 7/E, 2275 Lille, BelgiumKBO/BCE: BE 0791.789.224

The computed 12-month bankruptcy probability of THOBO ELECTRICS is 3.6% (moderate). The 2024 annual accounts show equity of €19k and a net result of €-3k. Its solvency ranks better than 27% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair▼ -36 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency43▼-21

Growth32

Stability94

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.26 against 1.5 in 2023), and 74.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

25.2%

Return on assets

-3.7%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

97 d late

2023

142 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€19k▼ 12.7%

2023 · €21k

2023: €21k

2023 → 2024

Total assets

€74k▲ 16.3%

2023 · €64k

2023: €64k

2023 → 2024

Net result

€-3k

2023 · €16k

2023: €16k

2023 → 2024

Working capital

€10k▼ 34.8%

2023 · €15k

2023: €15k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€21k-€19k▼ 12.7%

Operating result€22k-€264▼ 98.8%

Net result€16k-€-3k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 99% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €74k

37.3%

62.7%

Fixed assets €28k▲ 40.0%

Current assets €47k▲ 5.6%

Equity and liabilities €74k

25.2%

74.8%

Equity €19k▼ 12.7%

Debt €56k▲ 30.9%

The debt ratio rises from 66.4% to 74.8%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▼

2023 · €28k

Cash flow

€4k▼

2023 · €23k

Solvency

25.2%▼

2023 · 33.6%

Current ratio

1.26▼

2023 · 1.50

Quick ratio

1.26▼

2023 · 1.50

Debt / equity

2.97▲

2023 · 1.98

ROE

-14.6%▼

2023 · 76.7%

ROA

-3.7%▼

2023 · 25.8%

Interest coverage

2.50▼

2023 · 29.14

Debt

€56k▲

2023 · €42k

Debt ≤ 1 year

€37k▲

2023 · €29k

Debt > 1 year

€19k▲

2023 · €13k

Staff costs

€2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€64k€74k▲

Fixed assets21/28€20k€28k▲

Tangible fixed assets22/27€20k€28k▲

Furniture and vehicles24€20k€15k▼

Leasing and similar rights25-€13k

Current assets29/58€44k€47k▲

Amounts receivable within one year40/41€43k€47k▲

Trade receivables40€42k€44k▲

Other amounts receivable41€1k€3k▲

Cash at bank and in hand54/58€863-

Equity and liabilities

Total equity and liabilities10/49€64k€74k▲

Equity10/15€21k€19k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€16k€14k▼

Amounts payable17/49€42k€56k▲

Amounts payable after more than one year17€13k€19k▲

Financial debts170/4€13k€19k▲

Amounts payable within one year42/48€29k€37k▲

Current portion of amounts payable after more than one year42€5k€8k▲

Financial debts43-€96

Credit institutions430/8-€96

Trade debts44€2k€6k▲

Suppliers440/4€2k€6k▲

Taxes, remuneration and social security45€6k€24k▲

Taxes450/3€4k€8k▲

Remuneration and social security454/9€2k€16k▲

Other amounts payable47/48€16k-

Income statement Code20232024

Remuneration, social security and pensions62-€2k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲

Other operating charges640/8€556€642▲

Gross operating margin9900€28k€10k▼

Operating profit (loss)9901€22k€264▼

Financial income75/76B€1€2▲

Recurring financial income75€1€2▲

Financial charges65/66B€958€3k▲

Recurring financial charges65€958€3k▲

Profit (loss) for the period before taxes9903€21k€-3k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€16k€-3k▼

Profit (loss) for the period to be appropriated9905€16k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€16k€14k▼

Profit (loss) brought forward from the previous period14P-€16k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

05-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 97 days late

2024

20-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 142 days late

NBB filing

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, Lille · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Duinenweg 7/E2275 Lille

Ground area

2,198 m²

Building footprint

64 m²

Volume, LiDAR

638 m³

Parcel 13047A0115/00P000, Flanders · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

THOBO ELECTRICS

Duinenweg 7/E, 2275 LilleManufacture of electrical equipment

since 20222.336.209.168

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13047A0115/00P000	Flanders	2,198 m²	1 · 64 m²	19.5 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 1,839 EUR awarded · 1,530 EUR paid

Year	Entries	awarded	paid
2025	1	924 EUR	810 EUR
2024	1	195 EUR	0 EUR
2023	1	432 EUR	432 EUR
2022	1	288 EUR	288 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 1,839 EUR · 1,530 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Jemeppe-sur-Sambre · Eq €19k

Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 7,028 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-10-2022

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

27110Manufacture of electrical equipment

27320Manufacture of electrical equipment

33200Installation of industrial machinery and equipment

43212Electrical installation work in industrial facilities

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.