THOEN
ActiveSummary
THOEN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.38M and a net result of €292k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 86 lines
The notes to these accounts (89 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €25.32M | €60.51M | €54.87M | €56.00M | ▲ 2.0% |
| Turnover70 | €20.70M | €24.82M | €60.05M | €54.35M | €55.45M | ▲ 2.0% |
| Other operating income74 | - | €495k | €402k | €521k | €546k | ▲ 4.7% |
| Non-recurring operating income76A | - | €0 | €57k | €0 | - | - |
| Operating charges60/66A | - | €24.39M | €58.01M | €54.36M | €54.93M | ▲ 1.1% |
| Goods for resale, raw materials and consumables60 | - | €21.70M | €52.51M | €48.62M | €48.89M | ▲ 0.6% |
| Purchases600/8 | - | €21.56M | €57.39M | €47.09M | €50.86M | ▲ 8.0% |
| Change in stocks: decrease (increase)609 | - | €145k | €-4.88M | €1.53M | €-1.96M | ▼ 228% |
| Services and other goods61 | - | €1.00M | €1.70M | €2.29M | €2.39M | ▲ 4.4% |
| Remuneration, social security and pensions62 | - | €1.09M | €2.65M | €2.55M | €2.78M | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €308k | €260k | €608k | €644k | €648k | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-91k | €247k | €80k | €-154k | ▼ 292% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-11k | €15k | €-49k | €93k | ▲ 289% |
| Other operating charges640/8 | - | €431k | €276k | €229k | €280k | ▲ 22.3% |
| Operating profit (loss)9901 | €282k | €932k | €2.50M | €518k | €1.07M | ▲ 106% |
| Financial income75/76B | - | €47k | €123k | €122k | €79k | ▼ 35.0% |
| Recurring financial income75 | €30k | €47k | €123k | €122k | €79k | ▼ 35.0% |
| Income from financial fixed assets750 | - | €0 | - | - | - | - |
| Income from current assets751 | - | - | €32 | €118k | €74k | ▼ 37.7% |
| Other financial income752/9 | - | €47k | €123k | €3k | €5k | ▲ 72.4% |
| Financial charges65/66B | - | €206k | €648k | €681k | €660k | ▼ 3.1% |
| Recurring financial charges65 | €189k | €206k | €648k | €681k | €660k | ▼ 3.1% |
| Debt charges650 | €185k | €189k | €635k | €661k | €647k | ▼ 2.1% |
| Other financial charges652/9 | - | €17k | €13k | €20k | €13k | ▼ 34.5% |
| Profit (loss) for the period before taxes9903 | €124k | €773k | €1.98M | €-42k | €487k | ▲ 1,273% |
| Income taxes67/77 | €40k | €209k | €555k | €60k | €195k | ▲ 225% |
| Taxes670/3 | - | €209k | €555k | €60k | €195k | ▲ 225% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | €84k | €564k | €1.42M | €-101k | €292k | ▲ 388% |
| Profit (loss) for the period to be appropriated9905 | €84k | €564k | €1.42M | €-101k | €292k | ▲ 388% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.47M | €20.46M | €36.46M | €25.81M | €25.91M | ▲ 0.4% |
| Fixed assets21/28 | €8.20M | €8.05M | €7.04M | €6.41M | €5.87M | ▼ 8.4% |
| Intangible fixed assets21 | - | - | €1.46M | €1.28M | €1.10M | ▼ 14.3% |
| Tangible fixed assets22/27 | €5.05M | €4.90M | €5.58M | €5.13M | €4.78M | ▼ 6.9% |
| Land and buildings22 | - | €4.78M | €5.06M | €4.81M | €4.51M | ▼ 6.3% |
| Plant, machinery and equipment23 | - | €39k | €301k | €234k | €211k | ▼ 10.0% |
| Furniture and vehicles24 | - | €85k | €213k | €85k | €56k | ▼ 34.5% |
| Financial fixed assets28 | €3.15M | €3.15M | €104 | €104 | €254 | ▲ 145% |
| Affiliated companies280/1 | - | €3.15M | - | - | - | - |
| Participating interests280 | - | €3.15M | - | - | - | - |
| Other financial fixed assets284/8 | - | - | €104 | €104 | €254 | ▲ 145% |
| Amounts receivable and cash guarantees285/8 | - | - | €104 | €104 | €254 | ▲ 145% |
| Current assets29/58 | €8.27M | €12.41M | €29.42M | €19.40M | €20.04M | ▲ 3.3% |
| Stocks and contracts in progress3 | €3.73M | €3.61M | €11.71M | €10.10M | €12.24M | ▲ 21.1% |
| Stocks30/36 | - | €3.61M | €11.71M | €10.10M | €12.24M | ▲ 21.1% |
| Goods purchased for resale34 | - | €3.61M | €11.71M | €10.10M | €12.24M | ▲ 21.1% |
| Amounts receivable within one year40/41 | €4.18M | €7.71M | €17.37M | €8.98M | €7.55M | ▼ 15.9% |
| Trade receivables40 | - | €1.36M | €3.12M | €2.36M | €2.08M | ▼ 11.7% |
| Other amounts receivable41 | - | €6.35M | €14.25M | €6.62M | €5.47M | ▼ 17.4% |
| Cash at bank and in hand54/58 | €344k | €1.07M | €338k | €277k | €209k | ▼ 24.3% |
| Deferred charges and accrued income490/1 | - | €12k | €8k | €43k | €38k | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.47M | €20.46M | €36.46M | €25.81M | €25.91M | ▲ 0.4% |
| Equity10/15 | €4.28M | €4.84M | €7.19M | €7.09M | €7.38M | ▲ 4.1% |
| Contributions10/11 | - | €81k | €81k | €81k | €81k | = |
| Capital10 | - | €81k | €81k | €81k | €81k | = |
| Issued capital100 | - | €81k | €81k | €81k | €81k | = |
| Outside capital11 | - | €0 | - | - | - | - |
| Other1109/19 | - | €0 | - | - | - | - |
| Reserves13 | €8k | €8k | €46k | €46k | €7.30M | ▲ 15,830% |
| Non-distributable reserves130/1 | - | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | - | €8k | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €269 | €38k | €38k | €38k | = |
| Distributable reserves133 | - | - | - | - | €7.25M | - |
| Profit (loss) carried forward14 | €4.19M | €4.75M | €7.06M | €6.96M | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €88k | €77k | €208k | €158k | €251k | ▲ 58.8% |
| Provisions for liabilities and charges160/5 | - | €77k | €208k | €158k | €251k | ▲ 58.8% |
| Other liabilities and charges164/5 | - | €77k | €208k | €158k | €251k | ▲ 58.8% |
| Amounts payable17/49 | €12.10M | €15.54M | €29.06M | €18.56M | €18.27M | ▼ 1.6% |
| Amounts payable after more than one year17 | €5.39M | €4.71M | €4.60M | €3.97M | €3.50M | ▼ 12.0% |
| Financial debts170/4 | - | €4.71M | €4.60M | €3.97M | €3.50M | ▼ 12.0% |
| Subordinated loans170 | - | €700k | €700k | €700k | €700k | = |
| Credit institutions173 | - | €3.81M | €3.76M | €3.27M | €2.80M | ▼ 14.5% |
| Other loans174 | - | €200k | €143k | €0 | - | - |
| Amounts payable within one year42/48 | €6.47M | €10.70M | €23.87M | €13.98M | €13.97M | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | €378k | €463k | €483k | €490k | ▲ 1.3% |
| Financial debts43 | - | €1.12M | €8.75M | €8.58M | €10.45M | ▲ 21.8% |
| Credit institutions430/8 | - | €1.03M | €8.75M | €8.53M | €10.26M | ▲ 20.3% |
| Other loans439 | - | €89k | - | €56k | €193k | ▲ 247% |
| Trade debts44 | €481k | €1.68M | €1.41M | €2.18M | €2.19M | ▲ 0.6% |
| Suppliers440/4 | - | €1.68M | €1.41M | €2.16M | €2.19M | ▲ 1.1% |
| Bills of exchange payable441 | - | - | - | €13k | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | €213k | €754k | €185k | €321k | ▲ 73.3% |
| Taxes, remuneration and social security45 | - | €197k | €486k | €468k | €463k | ▼ 1.0% |
| Taxes450/3 | - | €61k | €123k | €120k | €147k | ▲ 23.0% |
| Remuneration and social security454/9 | - | €136k | €363k | €348k | €316k | ▼ 9.2% |
| Other amounts payable47/48 | - | €7.11M | €12.00M | €2.08M | €53k | ▼ 97.5% |
| Accrued charges and deferred income492/3 | - | €127k | €596k | €611k | €809k | ▲ 32.6% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €564k | €1.42M | €-101k | €292k | ▲ 388% |
| + Depreciation and write-downs630 | €308k | €260k | €608k | €644k | €648k | ▲ 0.7% |
| Operating cash flow (approximation) | €392k | €824k | €2.03M | €542k | €940k | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | €-111k | - | €-14k | €-112k | ▼ 676% |
| Change in cash | - | €725k | - | €-61k | €-67k | ▼ 10.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
07-08
State Gazette act
Appointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)Permanent representatives: Van De Walle Wim and François Thoen4 facts ▸
- General meeting, 06/10/2023
- Auditor appointment, Baker Tilly Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Van De Walle Wim
- Permanent representative, François Thoen
Show earlier events
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029D0010/00X000 | Flanders | 9,036 m² | 1 · 2,318 m² | 6.2 m |
| 41304F0864/00P000 | Flanders | 5,868 m² | 1 · 1,931 m² | 7.8 m · 2 fl. |
| 41059A0140/00K000 | Flanders | 4,194 m² | 1 · 2,027 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Statutory auditor
1 auditor| Baker Tilly BedrijfsrevisorenCurrent Statutory auditor · represented by Van De Walle Wim | 07-08-2026 → present |
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,042 EUR awarded · 854 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 479 EUR | 319 EUR |
| 2023 | 1 | 563 EUR | 535 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 13 endedShow 13 ended approvals
Similar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.