Equity
-€29,790
Debts exceed assets in financial year 2025.
THOMAS
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €739,377 (2024)
€640,121▼ 13.4%
lowest -€155,897 (2025)
-€155,897▼ €215,488
peak €187,042 (2021)
-€29,790▼ €155,897
€284,598▼ 10.4%
peak 23.4 FTE (2023)
17.5 FTE▼ 9.3%
Board1 name since 2014
1 directorOona Comm.V
Documentsfilings and deeds
15-10-202676 days late
2025abbreviated format
Gross margin from €739,377 to €640,121Loss of €155,897Staff from 19.3 FTE to 17.5 FTEEquity from €126,107 to -€29,790Cash from €267,338 to €169,904
Key points
from the 2025 annual accountsResult
-€155,897 -€155,897
From profit to loss in 2025, after a profit of €59,591 in 2024.
Debts
€284,598 112% of the balance sheet
Financial debts 6%Suppliers 29%Taxes and wages 20%Other 45%
Of this, €159,402 falls due within a year.
Staff
17.5 FTE from 38.8 in 2022
Between 2022 and 2025, 55% of the full-time equivalents disappeared.
Filings
28 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€155,897
Lower net result than 95% of companies in food and beverage service. Sector median €10,299 · 4,836 companies.
Checked score
47
Fair
Financially stronger than 25% of small companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.6%▼ -0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 0.2%▼ -0.8 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 4.3%▲ +3.8 percentage points vs 09-2026highest value
11-2026: 4.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€29,790
Loss of €155,897 (financial year 2025)
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 1.44, cash €169,904
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 11% of them on solvency, 78% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 678 companies had the same profile as THOMAS has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THOMAS itself: 4.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 678 companies, not a prediction for THOMAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.44 (2.24 in 2024), below the usual 1.5. Short-term debt is 62.6% and cash 66.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€29,790
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
29 days late
2023
29 days early
2022
20 days early
2021
22 days early
2020
23 days late
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0461322595
First establishment
QUICK, Antwerpsesteenweg 733, Ghent
Incorporation
published on 02-09-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THOMAS Ghent | €254,808 | €640,121 | -11.7% | 17.5 |
| LAVANYA Ixelles | €229,862 | €568,944 | -104.3% | 14.9 |
| PAIN DU JOUR Charleroi | €323,199 | €867,434 | 8.2% | 16.6 |
| FOOD INVEST COMPANY La Louvière | €254,555 | €538,313 | 40.7% | 12 |
| MAZONE La Hulpe | €251,977 | €703,919 | 31.5% | 19.6 |
| DELI VELDSTRAAT Ghent | €247,867 | €420,789 | 6.4% | 11.1 |
| FOOD & CO Seraing | €380,985 | €826,407 | -127.3% | 19.5 |
These companies have the same main activity as THOMAS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €230,000 and €381,000, founded between 1998 and 2005.
Official details
Source: KBO- Status
- Active since 21-08-1997Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.083.366.1969040 Ghent, since 16-09-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €1.8mestimated
- €254,808▼ 42.6%
- Employeeson 31-12-2025
- 14=
- Filing
- Filed on 15-10-2026
Insights on THOMAS
THOMAS files the abbreviated format. That format states no turnover. The gross margin rose from €361,390 in 2006 to €640,121 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THOMAS
- What is the company number of THOMAS?
- The company number of THOMAS is 0461.322.595. The VAT number is the same number with BE in front: BE 0461.322.595.
- Where is THOMAS based?
- The registered office is at Antwerpsesteenweg 733, 9040 Ghent.Company details
- What does THOMAS do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of THOMAS?
- THOMAS is a private limited company (pre-2019) (BVBA).
- When was THOMAS founded?
- THOMAS was founded on 21-08-1997.
- Is THOMAS still active?
- Yes, THOMAS is an active enterprise in the KBO register.
- How many employees does THOMAS have?
- THOMAS had an average of 17.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does THOMAS fall under?
- In its 2025 annual accounts, THOMAS states joint committee 302 (Hotels and catering).
- What is the turnover of THOMAS?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €640,121 and 37 comparable companies (NACE 56112). It probably lies between €1.5m and €2.0m.
- Is THOMAS profitable?
- In financial year 2025, THOMAS made a loss of €155,897.
- Where can I find the annual accounts of THOMAS?
- THOMAS filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THOMAS due?
- THOMAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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