THOLEN
ActiveTHOLEN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €515k and a net result of €143k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 7426 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
91
/ 100
Excellent▲ +23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+61
Solvency65▲+15
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.31 in 2023), but 67.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
145 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€515k▲ 38.5%
2023 · €372k
2018: €334k
2019: €312k
2020: €330k
2021: €353k
2022: €412k
2023: €372k
2018 → 2024
Total assets
€1.58M▲ 17.9%
2023 · €1.34M
2018: €1.22M
2019: €1.32M
2020: €1.29M
2021: €1.58M
2022: €1.51M
2023: €1.34M
2018 → 2024
Net result
€143k▲ 388%
2023 · €29k
2018: €88k
2019: €-13k
2020: €18k
2021: €23k
2022: €59k
2023: €29k
2018 → 2024
Working capital
€403k▲ 116%
2023 · €187k
2018: €278k
2019: €318k
2020: €274k
2021: €247k
2022: €269k
2023: €187k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€330k-€353k▲ 7.0%€412k▲ 16.7%€372k▼ 9.9%€515k▲ 38.5%
Operating result€51k-€32k▼ 38.5%€89k▲ 181%€56k▼ 37.3%€208k▲ 274%
Net result€18k-€23k▲ 26.4%€59k▲ 157%€29k▼ 50.4%€143k▲ 388%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 274% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.58M
Fixed assets
€537k▼ 2.7%
Current assets
€1.05M▲ 32.3%
Equity and liabilities €1.58M
Equity
€515k▲ 38.5%
Provisions
€22k
Debt
€1.05M▲ 7.7%
The debt ratio falls from 72.3% to 66.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€383k▲
2023 · €238k
Cash flow
€318k▲
2023 · €212k
Solvency
32.5%▲
2023 · 27.7%
Current ratio
1.63▲
2023 · 1.31
Quick ratio
1.58▲
2023 · 1.25
Debt / equity
2.03▼
2023 · 2.61
ROE
27.8%▲
2023 · 7.9%
ROA
9.0%▲
2023 · 2.2%
Interest coverage
76.20▲
2023 · 43.42
Debt
€1.05M▲
2023 · €972k
Debt ≤ 1 year
€644k▲
2023 · €604k
Debt > 1 year
€323k▼
2023 · €368k
Income taxes
€41k▲
2023 · €22k
Staff costs
€420k▲
2023 · €306k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.34M€1.58M▲
Fixed assets21/28€552k€537k▼
Tangible fixed assets22/27€541k€526k▼
Plant, machinery and equipment23€104k€103k▼
Furniture and vehicles24€432k€419k▼
Other tangible fixed assets26€5k€5k▼
Financial fixed assets28€12k€12k=
Current assets29/58€791k€1.05M▲
Stocks and contracts in progress3€37k€31k▼
Stocks30/36€37k€31k▼
Amounts receivable within one year40/41€634k€727k▲
Trade receivables40€625k€723k▲
Other amounts receivable41€9k€4k▼
Cash at bank and in hand54/58€108k€239k▲
Deferred charges and accrued income490/1€12k€50k▲
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.58M▲
Equity10/15€372k€515k▲
Contributions10/11€20k€20k=
Reserves13€352k€495k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Tax-exempt reserves132-€67k
Distributable reserves133€343k€419k▲
Provisions and deferred taxes16-€22k
Deferred taxes168-€22k
Amounts payable17/49€972k€1.05M▲
Amounts payable after more than one year17€368k€323k▼
Financial debts170/4€268k€223k▼
Other amounts payable178/9€100k€100k=
Amounts payable within one year42/48€604k€644k▲
Current portion of amounts payable after more than one year42€87k€97k▲
Trade debts44€354k€367k▲
Suppliers440/4€354k€367k▲
Taxes, remuneration and social security45€57k€65k▲
Taxes450/3€10k€19k▲
Remuneration and social security454/9€47k€45k▼
Other amounts payable47/48€106k€116k▲
Accrued charges and deferred income492/3-€80k
Income statement
Code20232024
Remuneration, social security and pensions62€306k€420k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183k€175k▼
Other operating charges640/8€9k€14k▲
Gross operating margin9900€554k€816k▲
Operating profit (loss)9901€56k€208k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€51k€207k▲
Transfer to deferred taxes680-€22k
Income taxes67/77€22k€41k▲
Profit (loss) for the period9904€29k€143k▲
Transfer to tax-exempt reserves689-€67k
Profit (loss) for the period to be appropriated9905€29k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€76k▲
Transfer to equity691/2€29k€76k▲
To other reserves6921€29k€76k▲
Social balance
Average headcount (FTE)90875.47.5▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 40 days late
2024
31-12
Financial
Highest result since 2018net €143k ▲388%
Operating result €208k, net result €143k, both a record.
31-12
Financial
Equity above €500kEq €515k ▲38.5%
5 profitable years in a row build equity to €515k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 145 days late
2019
31-12
Financial
Weakest financial yearnet €-13k ▼114%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 121 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Lien Aegten
CurrentDirector · since 01-01-2024
GIJSEN Maria Hendrik Jacob Hubert
CurrentStatutair · since 10-11-2023
01-01-2024
Lien Aegten: Appointed as Director
10-11-2023
GIJSEN Maria Hendrik Jacob Hubert: Appointed as Statutair
10-11-2023
GIJSEN Maria Hendrik Jacob Hubert: Resigned as Statutair
Location & real-estate footprint
Registered office, Bree · 1 establishment unit since 1999
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.
Industrieterrein Kanaal-Noord 16493960 BreeGround area
7,994 m²
Building footprint
1,856 m²
Parcel 72403A1501/00B000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Tholen
since 19992.091.749.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72403A1501/00B000 | Flanders | 7,994 m² | 1 · 1,856 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 3 entries · 2,986 EUR awarded · 2,986 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 570 EUR | 570 EUR |
| 2024 | 1 | 2,366 EUR | 2,366 EUR |
| 2023 | 1 | 50 EUR | 50 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
8 categoriesTHOLEN GROND- EN AFBRAAKWERKEN BV38240
Similar companies · same sector, comparable size
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SCW Works
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JAN VANDEWAETERE
BE 0502.571.054
Zonnebeke · Eq €517k
DOBBELAERE Patrick
BE 0648.915.647
Saint-Ghislain · Eq €518k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-1999
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
01410Raising of dairy cattle
68121Development of residential building projects
49410Freight transport by road
68310Real estate agency activities
68311Real estate activities
81230Other cleaning activities
81300Landscape service activities
90031
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.tholen.be
E-mail:info@tholen.be