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THOHAN

Active
Private limited companyfounded 2025active for 1 yearHazewind 13, 8647 Lo-Reninge, BelgiumKBO/BCE: BE 1021.582.422
Summary

THOHAN has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,349 and a net result of €21,349. Its solvency ranks better than 32% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€24,349
Total assets
€74,405
Net result
€21,349
Working capital
-€15,485

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

Balance-sheet composition
Assets €74,405
Fixed assets €40,067
Current assets €34,338
Equity and liabilities €74,405
Equity €24,349
Debt €50,056
Debt finances 67.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€35,740
Cash flow
€27,125
Current ratio
0.69
Debt to equity
2.06
ROE
87.7%
ROA
28.7%
Interest coverage
90.68
Debt ≤ 1 year
€49,822
Income taxes
€8,220

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,280 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€74,405
Fixed assets21/28€40,067
Tangible fixed assets22/27€40,067
Furniture and vehicles24€40,067
Current assets29/58€34,338
Amounts receivable within one year40/41€281
Trade receivables40€281
Cash at bank and in hand54/58€34,057
Equity and liabilities
Total equity and liabilities10/49€74,405
Equity10/15€24,349
Contributions10/11€3,000
Reserves13€21,349
Distributable reserves133€21,349
Amounts payable17/49€50,056
Amounts payable within one year42/48€49,822
Trade debts44€252
Suppliers440/4€252
Taxes, remuneration and social security45€13,464
Taxes450/3€13,464
Other amounts payable47/48€36,106
Accrued charges and deferred income492/3€234
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,776
Other operating charges640/8€253
Gross operating margin9900€35,993
Operating profit (loss)9901€29,964
Financial charges65/66B€394
Recurring financial charges65€394
Profit (loss) for the period before taxes9903€29,569
Income taxes67/77€8,220
Profit (loss) for the period9904€21,349
Profit (loss) for the period to be appropriated9905€21,349
Appropriation of the result
Profit (loss) to be appropriated9906€21,349
Transfer to equity691/2€21,349
To other reserves6921€21,349

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,776
Other operating charges640/8€253
Gross operating margin9900€35,993
Operating profit (loss)9901€29,964
Financial charges65/66B€394
Recurring financial charges65€394
Profit (loss) for the period before taxes9903€29,569
Income taxes67/77€8,220
Profit (loss) for the period9904€21,349
Profit (loss) for the period to be appropriated9905€21,349
Line2025
Assets
Total assets20/58€74,405
Fixed assets21/28€40,067
Tangible fixed assets22/27€40,067
Furniture and vehicles24€40,067
Current assets29/58€34,338
Amounts receivable within one year40/41€281
Trade receivables40€281
Cash at bank and in hand54/58€34,057
Equity and liabilities
Total equity and liabilities10/49€74,405
Equity10/15€24,349
Contributions10/11€3,000
Reserves13€21,349
Distributable reserves133€21,349
Amounts payable17/49€50,056
Amounts payable within one year42/48€49,822
Trade debts44€252
Suppliers440/4€252
Taxes, remuneration and social security45€13,464
Taxes450/3€13,464
Other amounts payable47/48€36,106
Accrued charges and deferred income492/3€234
Line2025
Profit (loss) for the period9904€21,349
+ Depreciation and write-downs630€5,776
Operating cash flow (approximation)€27,125

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 23-06-2026 2026-00194291

Similar companies · same sector, comparable size

Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,994. 33,905 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.