Equity
€110,380 ▼ 0.3%
Thoé has made a profit without a break since 2019.
Thoé
Lifetime
14 annual accounts with figures on one time axispeak €700,571 (2024)
€697,570▼ 0.4%
lowest -€33,032 (2011)
€345,642▼ 13.4%
peak €120,219 (2012)
€110,380▼ 0.3%
€857,966▼ 0.9%
peak 6.9 FTE (2016)
4.9 FTE▲ 22.5%
Board2 names since 2014
1 directorENISLY SRL
Owners2 names in the annual accounts
consolidatesEnisly
Documentsfilings and deeds
12-06-202649 days before the deadline
2025abbreviated format
Staff from 4 FTE to 4.9 FTECash from €205,654 to €86,301
Key points
from the 2025 annual accountsTurnover
≈ €3.7m estimated
The accounts state no turnover.
Debts
€857,966 89% of the balance sheet
Financial debts 2%Suppliers 16%Taxes and wages 6%Other 76%
Of this, €827,919 falls due within a year.
Staff
6 employees on 31-12-2025
In 2025, 3 people joined and 1 left.
Filings
14 annual accounts since 2011
The 2020 accounts came 5 days late. The other nine of the last ten were filed on time.
Position in the sector
€345,642
Higher net result than 95% of companies in retail trade. Sector median €27,458 · 12,841 companies.
Checked score
68
Healthy
Financially stronger than 44% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.9%● unchanged vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025
03-2025: 2.9%● unchanged vs 02-2025
04-2025: 3.1%▲ +0.2 percentage points vs 03-2025
05-2025: 3.0%▼ -0.1 percentage points vs 04-2025
06-2025: 3.1%▲ +0.1 percentage points vs 05-2025
07-2025: 3.3%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 2.8%▼ -0.5 percentage points vs 07-2025
09-2025: 2.9%▲ +0.1 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 0.8%▼ -2.1 percentage points vs 10-2025
12-2025: 0.4%▼ -0.4 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.3 percentage points vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €110,380 (11.4% of total assets)
Sector: Retail trade (NACE 47)
Liquidity: current ratio 1.01, cash €86,301, halved
lowers risk
Founded in 2010
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 28% of them on solvency, 14% on liquidity, 96% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 5,053 companies had the same profile as Thoé has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thoé itself: 0.8% 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 5,053 companies, not a prediction for Thoé. 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 €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (1.02 in 2024), below the usual 1.5. Short-term debt is 85.5% and cash 8.9% of total assets. 88.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12852 sector peers (2025).
NBB · sector comparisonPosition among 12852 sector peers
Solvency
better than 22%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
9 days early
2023
27 days early
2022
on the day
2021
37 days early
2020
5 days late
2019
on the day
← 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 before 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 5 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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Enisly 100%score 87equity €485,011 (2025) · 2025 annual accounts of Enisly
- ENISLY SRL consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0824446451
Permanent representative: Ismaël BENSALAH
General meeting of 05-11-2023 · Gazette deed
1 director appointed, 1 resignation
Appointment: ENISLY SRL · Permanent representative: BENSALAH Ismaël · Resignation: GD Investment SRL · General meeting of 04-10-2023 · Gazette deed
Registered office moved from Biesmerée to Waterloo
New registered office: Chaussée de Bruxelles 47, 1410 Waterloo · Previous registered office: Rue de la Station 28, 5640 Biesmerée/Mettet · Change of role: GD INVESTMENT, from manager to director · General meeting of 15-09-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Thoé Waterloo | €1.0m | €697,570 | 11.4% | 4.9 |
| ML TEAM Waterloo | €1.1m | €534,014 | 27.2% | 5.4 |
| Robert ZINK Dison | €0.9m | €784,714 | 34.6% | 6 |
| Sanjati Antwerp | €1.2m | €481,876 | 63.6% | 4.8 |
| ERGOLI Rumst | €1.3m | €651,156 | 46.7% | 6.1 |
| Waasland bedding Sint-Niklaas | €1.3m | €624,715 | 33.7% | 4.3 |
| DOMELEC ILLUMINATION Libramont-Chevigny | €0.8m | €596,262 | 59.4% | 4.3 |
These companies have the same main activity as Thoé: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €812,000 and €1.3m, founded between 2005 and 2015.
Official details
Source: KBO- Status
- Active since 30-03-2010Normal situation
- Activity
- Retail sale of household furnitureNACE 47551
- Establishment unit
- 2.216.836.7131410 Waterloo, since 02-04-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €968,347▼ 0.8%
- Employeeson 31-12-2025
- 6▲ 50.0%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on Thoé
Thoé files the abbreviated format. That format states no turnover. The gross margin rose from €387,788 in 2011 to €697,570 in 2025.
Enisly holds all the shares.
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 Thoé
- What is the company number of Thoé?
- The company number of Thoé is 0824.446.451. The VAT number is the same number with BE in front: BE 0824.446.451.
- Where is Thoé based?
- The registered office is at Chaussée de Louvain 47, 1410 Waterloo.Company details
- What does Thoé do?
- According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
- What is the legal form of Thoé?
- Thoé is a private limited company (BV).
- When was Thoé founded?
- Thoé was founded on 30-03-2010.
- Is Thoé still active?
- Yes, Thoé is an active enterprise in the KBO register.
- How many employees does Thoé have?
- Thoé had an average of 4.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Thoé?
- The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €697,570 and 33 comparable companies (NACE 475). It probably lies between €2.5m and €5.5m.
- Is Thoé profitable?
- In financial year 2025, Thoé made a profit of €345,642.
- Where can I find the annual accounts of Thoé?
- Thoé filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Thoé due?
- Thoé must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.