THOEN CENTER
ActiveTHOEN CENTER has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.89M and a net result of €381k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+3
Solvency49▼-2
Growth62▼-1
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.23 in 2024; short-term debt: 62.7% and cash: 0.2% of total assets), and 75.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.3%
Return on assets
1.2%
Age of the figures
9 mo
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 · 8 filingsDeviation from the deadline
2025
28 d early
2024
92 d late
2023
366 d late
2022
7 d early
2021
17 d early
2020
24 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€62.13M▲ 10.9%
2024 · €56.05M
2019: €27.93M
2020: €22.06M
2021: €22.79M
2022: €25.01M
2023: €56.35M
2024: €56.05M
2019 → 2025
EBIT margin
2.0%▼ 0.4pp
2024 · 2.4%
2019: 2.1%
2020: 2.5%
2021: 2.2%
2022: 3.5%
2023: 3.0%
2024: 2.4%
2019 → 2025
Net result
€381k▲ 34.2%
2024 · €284k
2019: €1.38M
2020: €782k
2021: €311k
2022: €557k
2023: €597k
2024: €284k
2019 → 2025
Working capital
€3.55M▼ 10.9%
2024 · €3.99M
2019: €2.79M
2020: €2.95M
2021: €2.74M
2022: €2.80M
2023: €4.00M
2024: €3.99M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€22.79M-€25.01M▲ 9.7%€56.35M▲ 125%€56.05M▼ 0.5%€62.13M▲ 10.9%
Equity€4.53M-€5.09M▲ 12.3%€7.22M▲ 41.9%€7.51M▲ 3.9%€7.89M▲ 5.1%
Operating result€501k-€875k▲ 74.7%€1.68M▲ 92.0%€1.36M▼ 19.0%€1.24M▼ 8.9%
Net result€311k-€557k▲ 79.0%€597k▲ 7.2%€284k▼ 52.5%€381k▲ 34.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.49M
Fixed assets
€8.55M▲ 4.1%
Current assets
€23.93M▲ 13.0%
Equity and liabilities €32.49M
Equity
€7.89M▲ 5.1%
Provisions
€206k▲ 28.5%
Debt
€24.39M▲ 12.3%
The debt ratio rises from 73.9% to 75.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.87M▲
2024 · €1.87M
Cash flow
€1.01M▲
2024 · €792k
Solvency
24.3%▼
2024 · 25.6%
Current ratio
1.17▼
2024 · 1.23
Quick ratio
0.44▼
2024 · 0.55
Debt / equity
3.09▲
2024 · 2.89
ROE
4.8%▲
2024 · 3.8%
ROA
1.2%▲
2024 · 1.0%
Interest coverage
2.56▲
2024 · 1.94
Debt
€24.39M▲
2024 · €21.72M
Debt ≤ 1 year
€20.38M▲
2024 · €17.18M
Debt > 1 year
€3.15M▼
2024 · €3.41M
Income taxes
€185k▲
2024 · €133k
Staff costs
€4.45M▲
2024 · €4.00M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29.38M€32.49M▲
Fixed assets21/28€8.21M€8.55M▲
Tangible fixed assets22/27€2.52M€2.73M▲
Plant, machinery and equipment23€431k€314k▼
Furniture and vehicles24€282k€659k▲
Other tangible fixed assets26€1.80M€1.76M▼
Financial fixed assets28€5.70M€5.82M▲
Affiliated companies280/1€5.70M€5.70M=
Participating interests280€5.70M€5.70M=
Other financial fixed assets284/8€2k€122k▲
Amounts receivable and cash guarantees285/8€2k€122k▲
Current assets29/58€21.17M€23.93M▲
Amounts receivable after more than one year29€702k€702k=
Trade receivables290€2k€2k=
Other amounts receivable291€700k€700k=
Stocks and contracts in progress3€11.78M€15.00M▲
Stocks30/36€11.78M€15.00M▲
Goods purchased for resale34€11.78M€15.00M▲
Amounts receivable within one year40/41€8.42M€8.15M▼
Trade receivables40€3.09M€3.31M▲
Other amounts receivable41€5.33M€4.84M▼
Cash at bank and in hand54/58€253k€57k▼
Deferred charges and accrued income490/1€21k€29k▲
Equity and liabilities
Total equity and liabilities10/49€29.38M€32.49M▲
Equity10/15€7.51M€7.89M▲
Contributions10/11€564k€564k=
Capital10€564k€564k=
Issued capital100€578k€578k=
Uncalled capital101€14k€14k=
Reserves13€174k€7.32M▲
Non-distributable reserves130/1€60k€60k=
Legal reserve130€60k€60k=
Tax-exempt reserves132€236€236=
Distributable reserves133€114k€7.26M▲
Profit (loss) carried forward14€6.77M€0▼
Provisions and deferred taxes16€160k€206k▲
Provisions for liabilities and charges160/5€160k€206k▲
Other liabilities and charges164/5€160k€206k▲
Amounts payable17/49€21.72M€24.39M▲
Amounts payable after more than one year17€3.41M€3.15M▼
Financial debts170/4€3.40M€3.14M▼
Subordinated loans170€775k€775k=
Credit institutions173€2.63M€2.37M▼
Other loans174€0-
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€17.18M€20.38M▲
Current portion of amounts payable after more than one year42€649k€281k▼
Financial debts43€10.51M€15.50M▲
Credit institutions430/8€10.51M€15.50M▲
Trade debts44€2.16M€2.89M▲
Suppliers440/4€2.16M€2.02M▼
Bills of exchange payable441€834€872k▲
Advances received on contracts in progress46€886k€668k▼
Taxes, remuneration and social security45€687k€818k▲
Taxes450/3€238k€286k▲
Remuneration and social security454/9€450k€532k▲
Other amounts payable47/48€2.29M€225k▼
Accrued charges and deferred income492/3€1.12M€861k▼
Income statement
Code20242025
Operating income70/76A€58.04M€63.81M▲
Turnover70€56.05M€62.13M▲
Other operating income74€1.62M€1.63M▲
Non-recurring operating income76A€370k€53k▼
Operating charges60/66A€56.68M€62.57M▲
Goods for resale, raw materials and consumables60€48.24M€54.16M▲
Purchases600/8€46.95M€57.33M▲
Change in stocks: decrease (increase)609€1.30M€-3.16M▼
Services and other goods61€3.87M€2.99M▼
Remuneration, social security and pensions62€4.00M€4.45M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€509k€632k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-65k€-34k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€722€46k▲
Other operating charges640/8€121k€328k▲
Operating profit (loss)9901€1.36M€1.24M▼
Financial income75/76B€44k€64k▲
Recurring financial income75€44k€64k▲
Income from current assets751€38k€63k▲
Other financial income752/9€5k€2k▼
Financial charges65/66B€987k€738k▼
Recurring financial charges65€987k€738k▼
Debt charges650€963k€732k▼
Other financial charges652/9€24k€6k▼
Profit (loss) for the period before taxes9903€417k€566k▲
Income taxes67/77€133k€185k▲
Taxes670/3€133k€185k▲
Profit (loss) for the period9904€284k€381k▲
Profit (loss) for the period to be appropriated9905€284k€381k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.77M€7.15M▲
Profit (loss) brought forward from the previous period14P€6.49M€6.77M▲
Transfer to equity691/2-€7.15M
To other reserves6921-€7.15M
Social balance
Average headcount (FTE)908764.265.6▲
The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 366 days late
2024
31-12
Financial
Weakest financial yearnet €284k ▼52.5%
Net result drops to €284k, the lowest in the series; recovery starts the following year.
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5MEq €5.09M ▲12.3%
4 profitable years in a row build equity to €5.09M.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are 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, Aalst · 3 establishment units since 2017
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.
Bergemeersenstraat 1209300 AalstGround area
1.5 ha
Building footprint
5,625 m²
Volume, LiDAR
22,194 m³
3 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
THOEN CENTER
since 20172.264.809.646
THOEN CENTER
since 20172.264.809.745
THOEN CENTER
since 20232.345.643.805
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0864/00P000 | Flanders | 5,868 m² | 1 · 1,931 m² | 7.8 m · 2 fl. |
| 41023A0606/00E000 | Flanders | 4,877 m² | 1 · 1,975 m² | - |
| 41304F0864/00M000 | Flanders | 3,827 m² | 1 · 1,718 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 · 8 entries · 6,431 EUR awarded · 6,431 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 55 EUR | 55 EUR |
| 2024 | 2 | 1,310 EUR | 1,310 EUR |
| 2023 | 2 | 2,941 EUR | 2,941 EUR |
| 2022 | 3 | 2,125 EUR | 2,125 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
10 live approvals · 8 endedAutotechnieken duaal (so)
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Show 4 more
Onthaal, organisatie en sales duaal (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Similar companies · same sector, comparable size
HANDIRI CARS
BE 0883.086.911
Sint-Niklaas · Eq €7.86M
SCANTEC
BE 0428.565.301
Grâce-Hollogne · Eq €7.77M
VANDERBORGHT
BE 0436.834.253
Rotselaar · Eq €8.01M
O. COCQUYT
BE 0413.112.904
Brugge · Eq €8.06M
Garage CHIF
BE 0421.635.937
Charleroi · Eq €7.72M
Of 10,674 companies in sector 47811 we hold annual accounts for 5,221. 1,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-05-2017
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.