THOCON
ActiveSummary
THOCON has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,473 and a net result of €50,685. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 51% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €233,473
- Profit
- €50,685
Why 95lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.70, cash €81,472Size: total assets €413,101Equity €233,473 (56.5% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 52% on solvency, 67% on liquidity, 52% on profitability and 71% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 89 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €200,000equity €233,473 ▲27.7%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 36% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,972 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,160 | €10,647 | €10,569 | €6,644 | €4,057 | €40,803 | €11,708 | €23,556 | ▲ 101% |
| Other operating charges640/8 | - | - | - | €520 | €547 | €585 | €2,682 | €6,148 | ▲ 129% |
| Gross operating margin9900 | €75,156 | €54,953 | €69,837 | €75,470 | €94,671 | €114,240 | €72,602 | €108,918 | ▲ 50.0% |
| Operating profit (loss)9901 | €57,280 | €43,792 | €59,009 | €68,306 | €90,067 | €72,852 | €58,212 | €79,214 | ▲ 36.1% |
| Financial income75/76B | - | - | - | - | - | €311 | €236 | €286 | ▲ 21.2% |
| Recurring financial income75 | €1 | - | - | - | - | €311 | €236 | €286 | ▲ 21.2% |
| Financial charges65/66B | - | - | - | €98 | €90 | €4,852 | €6,874 | €7,527 | ▲ 9.5% |
| Recurring financial charges65 | €112 | €89 | €99 | €98 | €90 | €4,852 | €6,874 | €7,527 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €57,169 | €43,703 | €58,910 | €68,208 | €89,977 | €68,311 | €51,574 | €71,973 | ▲ 39.6% |
| Income taxes67/77 | €19,229 | €9,756 | €12,839 | €19,626 | €25,266 | €19,275 | €10,743 | €21,288 | ▲ 98.2% |
| Profit (loss) for the period9904 | €37,940 | €33,947 | €46,071 | €48,582 | €64,711 | €49,036 | €40,831 | €50,685 | ▲ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €37,940 | €33,947 | €46,071 | €48,582 | €64,711 | €49,036 | €40,831 | €50,685 | ▲ 24.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €69,014 | €97,180 | €148,315 | €201,677 | €271,529 | €344,519 | €429,383 | €413,101 | ▼ 3.8% |
| Fixed assets21/28 | €29,790 | €21,612 | €15,255 | €8,611 | €9,592 | €248,657 | €309,117 | €307,506 | ▼ 0.5% |
| Tangible fixed assets22/27 | €29,790 | €21,612 | €15,255 | €8,611 | €9,592 | €248,657 | €309,117 | €307,506 | ▼ 0.5% |
| Land and buildings22 | - | - | - | - | - | €235,598 | €242,012 | €248,766 | ▲ 2.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,920 | €1,532 | ▼ 20.2% |
| Furniture and vehicles24 | - | - | - | €8,611 | €5,377 | €5,088 | €2,249 | €6,708 | ▲ 198% |
| Leasing and similar rights25 | - | - | - | - | - | - | €55,838 | €44,276 | ▼ 20.7% |
| Other tangible fixed assets26 | - | - | - | - | €4,215 | €7,971 | €7,098 | €6,224 | ▼ 12.3% |
| Current assets29/58 | €39,224 | €75,568 | €133,060 | €193,066 | €261,937 | €95,862 | €120,266 | €105,595 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €13,251 | €18,988 | €15,789 | €14,520 | €50,044 | €38,115 | €32,808 | €21,971 | ▼ 33.0% |
| Trade receivables40 | - | - | - | €14,520 | €50,044 | €38,115 | €25,485 | €17,855 | ▼ 29.9% |
| Other amounts receivable41 | - | - | - | - | - | - | €7,323 | €4,116 | ▼ 43.8% |
| Cash at bank and in hand54/58 | €25,973 | €55,941 | €116,399 | €177,675 | €210,992 | €56,653 | €85,335 | €81,472 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | - | - | €871 | €901 | €1,094 | €2,123 | €2,152 | ▲ 1.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €69,014 | €97,180 | €148,315 | €201,677 | €271,529 | €344,519 | €429,383 | €413,101 | ▼ 3.8% |
| Equity10/15 | €56,540 | €90,487 | €136,558 | €185,140 | €133,752 | €182,788 | €182,788 | €233,473 | ▲ 27.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €50,442 | €115,152 | €164,188 | €164,188 | €214,873 | ▲ 30.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €48,582 | €113,292 | €164,188 | €164,188 | €214,873 | ▲ 30.9% |
| Profit (loss) carried forward14 | €36,080 | €70,027 | €116,098 | €116,098 | - | - | - | - | - |
| Amounts payable17/49 | €12,474 | €6,693 | €11,757 | €16,537 | €137,777 | €161,731 | €246,595 | €179,628 | ▼ 27.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €138,313 | €167,319 | €140,574 | ▼ 16.0% |
| Financial debts170/4 | - | - | - | - | - | €138,313 | €167,319 | €140,574 | ▼ 16.0% |
| Amounts payable within one year42/48 | €12,474 | €6,693 | €11,757 | €16,537 | €137,777 | €23,418 | €79,276 | €39,054 | ▼ 50.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €7,478 | €25,851 | €26,746 | ▲ 3.5% |
| Trade debts44 | €84 | €1,605 | €2,209 | €1,841 | €2,214 | €3,786 | €3,653 | €2,464 | ▼ 32.5% |
| Suppliers440/4 | - | - | - | €1,841 | €2,214 | €3,786 | €3,653 | €2,464 | ▼ 32.5% |
| Taxes, remuneration and social security45 | - | - | - | €12,930 | €18,234 | €8,923 | €5,738 | €4,895 | ▼ 14.7% |
| Taxes450/3 | - | - | - | €9,930 | €15,234 | €5,923 | €2,738 | €1,895 | ▼ 30.8% |
| Remuneration and social security454/9 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Other amounts payable47/48 | - | - | - | €1,766 | €117,329 | €3,231 | €44,034 | €4,949 | ▼ 88.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,940 | €33,947 | €46,071 | €48,582 | €64,711 | €49,036 | €40,831 | €50,685 | ▲ 24.1% |
| + Depreciation and write-downs630 | €16,160 | €10,647 | €10,569 | €6,644 | €4,057 | €40,803 | €11,708 | €23,556 | ▲ 101% |
| Operating cash flow (approximation) | €54,100 | €44,594 | €56,640 | €55,226 | €68,768 | €89,839 | €52,539 | €74,241 | ▲ 41.3% |
| Investment in fixed assets (approximation) | - | -€2,469 | -€4,212 | €0 | -€5,038 | -€279,868 | -€72,168 | -€21,945 | ▲ 69.6% |
| Change in cash | - | €29,968 | €60,458 | €61,276 | €33,317 | -€154,339 | €28,682 | -€3,863 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-04-2026 | 2026-00084744 |
| 31-12-2024 | micro format | 30-04-2025 | 2025-00086189 |
| 31-12-2023 | micro format | 23-04-2024 | 2024-00070536 |
| 31-12-2022 | micro format | 09-05-2023 | 2023-00083423 |
| 31-12-2021 | micro format | 27-04-2022 | 2022-20009628 |
| 31-12-2020 | micro format | 12-05-2021 | 2021-14100146 |
| 31-12-2019 | micro format | 20-05-2020 | 2020-12800146 |
| 31-12-2018 | micro format | 08-05-2019 | 2019-12600021 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thomas Koen |
|
Owners and capital
Capital and shareholders
- 24-03-2023 Converted to unavailable equity · €20,460
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-03
Gazette deed
Resignation: Thomas Koen (manager)Appointment: Thomas Koen (director) · Legal-form conversion · Capital conversion12 facts ▸
- General meeting, 14-03-2023
- Other provision, “onderwerping aan WVV, onderwerping aan bepalingen van Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, WVV en nieuwe statuten worden van kracht” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, inbrengen aandeelhouders” (deed in Dutch)
- Director resignation, Thomas Koen (manager)
- Director discharge, Thomas Koen
- Director appointment, Thomas Koen (director (not named in the articles))
- Registered office clause, “1840 Londerzeel,Limmersweg 13” (deed in Dutch)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0676.620.233
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23048E0125/00X000 | Flanders | 626 m² | 1 · 125 m² | 10.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Consultancy in elektrische werken en sanitair; Verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen…” (deed in Dutch)
34 activities (deed in Dutch)
- Consultancy in elektrische werken en sanitair
- Verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime zin.
- Reparatie van producten van metaal
- Reparatie en onderhoud van verwarmingsinstallaties
- Elektrotechnische installatiewerken aan gebouwen
- Onderneming voor de installatie van elektrische bedrading en toebehoren
- Onderneming voor de installatie van de bedrading voor telefooninstallaties tegen diefstal
- Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Elektrotechnische installatiewerken, uitgezonderd aan gebouwen
- Loodgieterswerk
- Installaties in gebouwen en andere bouwwerken van : loodgieterswerk en sanitaire app., gasleidingen en aansluitingen m.u.v. gasleidingen voor verwarmingssystemen, waterleidingen, brandblusinstallaties, enzovoort
- Installatie van verwarming, klimaatregeling en ventilatie
- Installaties in gebouwen en andere bouwwerken van : verwarmingssystemen. systemen op elektriciteit, gas of stookolieapp., verwarmingsketels, app. en leidingen voor ventilatie en klimaatregeling, enzovoort
- Installatie van verwarming, klimaatregeling en ventilatie (zonder verwarming)
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Adviesbureaus op het gebied van public relations en communicatie
- Verlenen van advies en praktische hulp aan de bedrijven in verband met public relations en communicatie
- Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzovoort
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie, efficiëntie, enzovoort
- Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica, mijnbouw, chemie, machine- en werktuigbouw, industriële systeemontwikkeling, veiligheid, enzovoort
- Diverse administratieve ten behoeve van kantoren
- Overige zakelijke dienstverlening, niet eerder genoemd
- Reparatie van consumentenelektronica
- De vennootschap heeft eveneens tot doel alle verrichtingen uit te oefenen van een studie-organisatie en raadgevend bureau inzake management, technologische, operationele en administratieve aangelegenheden,
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden, op het gebied van management, consulting, technische- en administratief beheer en advies, juridisch, strategisch advies, begeleiding en implementatie ervan.
- Het introduceren en/of ontwikkelen van strategieën, concepten en methodologieën met betrekking tot informatie technologie, optimalisatie van bedrijfs- en informatieprocessen, alsook de begeleiding ervan bij de implementatie en de operationele opvolging.
- Het verlenen van bijstand, diensten en adviezen van technische, commerciële of administratieve aard met betrekking tot het plannen, ontwerpen, implementeren en transformeren van informatie en communicatie systemen in de ruimste zin van het woord.
- Het ontwikkelen en implementeren van promotionele activiteiten, corporate identity en alle daaraan verbonden diensten.
- Het organiseren en/of geven van opleidingen, lezingen, seminaries en evenementen.
- Het ter beschikking stellen en het huren en verhuren van personeel.
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van roerende goederen en diensten die met deze activiteiten verband kunnen houden of daarop betrekking kunnen hebben.
- Beheer , kopen en verhuren van onroerende goederen.
- Het waarnemen en uitoefenen van allerhande bestuurs- en beheersopdrachten en mandaten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- THOCON
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “2, verwijzing naar adres geschrapt uit statuten” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “BESTUURSORGAAN, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandeel, gelijk” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “ALGEMENE VERGADERING Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, de eerste derde maandag van…” (deed in Dutch)