Thomai
ActiveSummary
The computed 12-month bankruptcy probability of Thomai is 3.8% (moderate). The 2025 annual accounts show equity of €162k and a net result of €-3k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 3705 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-6
Solvency50▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.83 in 2024; short-term debt: 12.1% and cash: 11.9% of total assets), but 74.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 04-07-2026, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
27 d early
2024
31 d early
2023
32 d early
2022
42 d early
2021
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€162k▼ 2.1%
2024 · €166k
2021: €85klowest in 5 years
2022: €108k▲ +27.5% vs 2021
2023: €142k▲ +31.3% vs 2022
2024: €166k▲ +16.8% vs 2023highest in 5 years
2025: €162k▼ -2.1% vs 2024
2021 → 2025
Total assets
€642k▼ 8.4%
2024 · €701k
2021: €806khighest in 5 years
2022: €798k▼ -1.0% vs 2021
2023: €737k▼ -7.5% vs 2022
2024: €701k▼ -5.0% vs 2023
2025: €642k▼ -8.4% vs 2024lowest in 5 years
2021 → 2025
Net result
€-3k
2024 · €24k
2021: €48khighest in 5 years
2022: €23k▼ -51.2% vs 2021
2023: €34k▲ +45.2% vs 2022
2024: €24k▼ -29.5% vs 2023
2025: €-3k▼ -114% vs 2024lowest in 5 years
2021 → 2025
Working capital
€40k▼ 33.4%
2024 · €60k
2021: €49k
2022: €42k▼ -15.4% vs 2021
2023: €60k▲ +44.3% vs 2022highest in 5 years
2024: €60k▼ -1.0% vs 2023
2025: €40k▼ -33.4% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€108k▲ 27.5%€142k▲ 31.3%€166k▲ 16.8%€162k▼ 2.1%
2021: €85klowest in 5 years
2022: €108k▲ +27.5% vs 2021
2023: €142k▲ +31.3% vs 2022
2024: €166k▲ +16.8% vs 2023highest in 5 years
2025: €162k▼ -2.1% vs 2024
Operating result€70k-€42k▼ 39.4%€60k▲ 41.2%€36k▼ 39.3%€2k▼ 93.4%
2021: €70khighest in 5 years
2022: €42k▼ -39.4% vs 2021
2023: €60k▲ +41.2% vs 2022
2024: €36k▼ -39.3% vs 2023
2025: €2k▼ -93.4% vs 2024lowest in 5 years
Net result€48k-€23k▼ 51.2%€34k▲ 45.2%€24k▼ 29.5%€-3k
2021: €48khighest in 5 years
2022: €23k▼ -51.2% vs 2021
2023: €34k▲ +45.2% vs 2022
2024: €24k▼ -29.5% vs 2023
2025: €-3k▼ -114% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 93% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €642k
Fixed assets
€525k ▼ 7.9%
Current assets
€117k ▼ 10.8%
Equity and liabilities €642k
Equity
€162k ▼ 2.1%
Debt
€479k ▼ 10.4%
Debt's share of the balance-sheet total falls from 76.4% to 74.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47k▼
2024 · €83k
Cash flow
€42k▼
2024 · €70k
Current ratio
1.51▼
2024 · 1.83
Quick ratio
1.49▼
2024 · 1.72
Debt to equity
2.95▼
2024 · 3.23
ROE
-2.1%▼
2024 · 14.4%
ROA
-0.5%▼
2024 · 3.4%
Interest coverage
5.82▼
2024 · 9.09
Debt ≤ 1 year
€78k▲
2024 · €72k
Debt > 1 year
€397k▼
2024 · €461k
Income taxes
€132▼
2024 · €10k
Staff costs
€34k▲
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€701k€642k▼
Fixed assets21/28€570k€525k▼
Intangible fixed assets21€31k€26k▼
Tangible fixed assets22/27€538k€498k▼
Land and buildings22€491k€477k▼
Plant, machinery and equipment23€25k€7k▼
Furniture and vehicles24€22k€14k▼
Current assets29/58€131k€117k▼
Stocks and contracts in progress3€8k€2k▼
Stocks30/36€8k€2k▼
Amounts receivable within one year40/41€38k€36k▼
Trade receivables40€1k-
Other amounts receivable41€37k€36k▼
Cash at bank and in hand54/58€83k€77k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€701k€642k▼
Equity10/15€166k€162k▼
Contributions10/11€40k€40k=
Reserves13€126k€126k=
Distributable reserves133€126k€126k=
Profit (loss) carried forward14-€-3k
Amounts payable17/49€535k€479k▼
Amounts payable after more than one year17€461k€397k▼
Financial debts170/4€325k€276k▼
Other amounts payable178/9€136k€121k▼
Amounts payable within one year42/48€72k€78k▲
Current portion of amounts payable after more than one year42€49k€49k▼
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€12k€11k▼
Remuneration and social security454/9€2k€9k▲
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€32k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€45k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€116k€83k▼
Operating profit (loss)9901€36k€2k▼
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€34k€-3k▼
Income taxes67/77€10k€132▼
Profit (loss) for the period9904€24k€-3k▼
Profit (loss) for the period to be appropriated9905€24k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-3k▼
Transfer to equity691/2€24k-
To other reserves6921€24k-
Social balance
Average headcount (FTE)90870.92.0▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54k | €53k | €34k | €32k | €34k | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €41k | €47k | €46k | €45k | ▼ 2.5% |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €1k | ▼ 24.4% |
| Gross operating margin9900 | €165k | €138k | €143k | €116k | €83k | ▼ 28.3% |
| Operating profit (loss)9901 | €70k | €42k | €60k | €36k | €2k | ▼ 93.4% |
| Financial income75/76B | €911 | €825 | €371 | €7k | €2k | ▼ 63.0% |
| Recurring financial income75 | €911 | €825 | €371 | €7k | €2k | ▼ 63.0% |
| Financial charges65/66B | €11k | €11k | €11k | €9k | €8k | ▼ 10.4% |
| Recurring financial charges65 | €11k | €11k | €11k | €9k | €8k | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €60k | €33k | €49k | €34k | €-3k | ▼ 110% |
| Income taxes67/77 | €12k | €9k | €15k | €10k | €132 | ▼ 98.7% |
| Profit (loss) for the period9904 | €48k | €23k | €34k | €24k | €-3k | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €48k | €23k | €34k | €24k | €-3k | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €806k | €798k | €737k | €701k | €642k | ▼ 8.4% |
| Fixed assets21/28 | €654k | €663k | €616k | €570k | €525k | ▼ 7.9% |
| Intangible fixed assets21 | €46k | €41k | €36k | €31k | €26k | ▼ 15.9% |
| Tangible fixed assets22/27 | €608k | €621k | €579k | €538k | €498k | ▼ 7.4% |
| Land and buildings22 | €534k | €519k | €505k | €491k | €477k | ▼ 2.9% |
| Plant, machinery and equipment23 | €69k | €61k | €43k | €25k | €7k | ▼ 71.3% |
| Furniture and vehicles24 | €5k | €41k | €31k | €22k | €14k | ▼ 35.8% |
| Current assets29/58 | €151k | €135k | €122k | €131k | €117k | ▼ 10.8% |
| Stocks and contracts in progress3 | €13k | €9k | €7k | €8k | €2k | ▼ 75.4% |
| Stocks30/36 | €13k | €9k | €7k | €8k | €2k | ▼ 75.4% |
| Amounts receivable within one year40/41 | €4k | €8k | €30k | €38k | €36k | ▼ 5.0% |
| Trade receivables40 | €2k | €4k | €0 | €1k | - | - |
| Other amounts receivable41 | €2k | €4k | €30k | €37k | €36k | ▼ 2.4% |
| Cash at bank and in hand54/58 | €134k | €117k | €83k | €83k | €77k | ▼ 8.0% |
| Deferred charges and accrued income490/1 | €751 | €2k | €1k | €2k | €2k | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €806k | €798k | €737k | €701k | €642k | ▼ 8.4% |
| Equity10/15 | €85k | €108k | €142k | €166k | €162k | ▼ 2.1% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Outside capital11 | €40k | - | - | - | - | - |
| Other1109/19 | €40k | - | - | - | - | - |
| Reserves13 | €45k | €68k | €102k | €126k | €126k | = |
| Distributable reserves133 | €45k | €68k | €102k | €126k | €126k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-3k | - |
| Amounts payable17/49 | €721k | €690k | €596k | €535k | €479k | ▼ 10.4% |
| Amounts payable after more than one year17 | €610k | €588k | €525k | €461k | €397k | ▼ 13.9% |
| Financial debts170/4 | €435k | €422k | €374k | €325k | €276k | ▼ 15.1% |
| Other amounts payable178/9 | €175k | €166k | €151k | €136k | €121k | ▼ 11.0% |
| Amounts payable within one year42/48 | €102k | €93k | €62k | €72k | €78k | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | €39k | €48k | €48k | €49k | €49k | ▼ 0.1% |
| Trade debts44 | €12k | €6k | €3k | €9k | €8k | ▼ 11.5% |
| Suppliers440/4 | €12k | €6k | €3k | €9k | €8k | ▼ 11.5% |
| Taxes, remuneration and social security45 | €20k | €9k | €10k | €14k | €21k | ▲ 48.6% |
| Taxes450/3 | €20k | €7k | €8k | €12k | €11k | ▼ 2.8% |
| Remuneration and social security454/9 | €280 | €2k | €2k | €2k | €9k | ▲ 321% |
| Other amounts payable47/48 | €30k | €30k | - | - | - | - |
| Accrued charges and deferred income492/3 | €9k | €8k | €9k | €3k | €5k | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €23k | €34k | €24k | €-3k | ▼ 114% |
| + Depreciation and write-downs630 | €39k | €41k | €47k | €46k | €45k | ▼ 2.5% |
| Operating cash flow (approximation) | €87k | €64k | €81k | €70k | €42k | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | €-49k | €0 | €0 | €0 | - |
| Change in cash | - | €-17k | €-34k | €243 | €-7k | ▼ 2,826% |
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
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €166k ▲16.8%
4 profitable years in a row build equity to €166k.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €108k ▲27.5%
2 profitable years in a row build equity to €108k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kluisbergen · 1 establishment unit since 2020
Ground area
426 m²
Building footprint
212 m²
Volume, LiDAR
1,186 m³
Parcel 45018A0104/00C000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
in de zon
since 20202.310.850.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018A0104/00C000 | Flanders | 426 m² | 1 · 212 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 795 EUR awarded · 795 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 795 EUR | 795 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKluisbergen2.310.850.202
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.