THOMAS
ActiveSummary
THOMAS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126k and a net result of €60k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 45% of 2937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+74
Solvency53▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 0.96 in 2023; short-term debt: 33.6% and cash: 60.3% of total assets), but 71.6% 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.
−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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d early
2022
20 d early
2021
22 d early
2020
23 d late
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€126k▲ 89.6%
2023 · €67k
2018: €11klowest in 7 years
2019: €12k▲ +16.2% vs 2018
2020: €81k▲ +554% vs 2019
2021: €187k▲ +130% vs 2020highest in 7 years
2022: €86k▼ -54.2% vs 2021
2023: €67k▼ -22.4% vs 2022
2024: €126k▲ +89.6% vs 2023
2018 → 2024
Total assets
€444k▲ 32.9%
2023 · €334k
2018: €219klowest in 7 years
2019: €226k▲ +3.1% vs 2018
2020: €345k▲ +52.8% vs 2019
2021: €558k▲ +61.7% vs 2020highest in 7 years
2022: €406k▼ -27.3% vs 2021
2023: €334k▼ -17.8% vs 2022
2024: €444k▲ +32.9% vs 2023
2018 → 2024
Net result
€60k
2023 · €-19k
2018: €4k
2019: €2k▼ -58.5% vs 2018
2020: €69k▲ +3878% vs 2019
2021: €106k▲ +53.4% vs 2020highest in 7 years
2022: €-101k▼ -196% vs 2021lowest in 7 years
2023: €-19k▲ +81.1% vs 2022
2024: €60k▲ +411% vs 2023
2018 → 2024
Working capital
€184k
2023 · €-10k
2018: €-66k
2019: €-74k▼ -12.5% vs 2018lowest in 7 years
2020: €2k▲ +102% vs 2019
2021: €97k▲ +6008% vs 2020
2022: €-22k▼ -122% vs 2021
2023: €-10k▲ +55.2% vs 2022
2024: €184k▲ +1981% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€187k▲ 130%€86k▼ 54.2%€67k▼ 22.4%€126k▲ 89.6%
2020: €81k
2021: €187k▲ +130% vs 2020highest in 5 years
2022: €86k▼ -54.2% vs 2021
2023: €67k▼ -22.4% vs 2022lowest in 5 years
2024: €126k▲ +89.6% vs 2023
Operating result€90k-€116k▲ 28.6%€-96k€-15k▲ 84.3%€64k
2020: €90k
2021: €116k▲ +28.6% vs 2020highest in 5 years
2022: €-96k▼ -183% vs 2021lowest in 5 years
2023: €-15k▲ +84.3% vs 2022
2024: €64k▲ +526% vs 2023
Net result€69k-€106k▲ 53.4%€-101k€-19k▲ 81.1%€60k
2020: €69k
2021: €106k▲ +53.4% vs 2020highest in 5 years
2022: €-101k▼ -196% vs 2021lowest in 5 years
2023: €-19k▲ +81.1% vs 2022
2024: €60k▲ +411% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €64k after a loss of €15k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €444k
Fixed assets
€110k ▼ 0.3%
Current assets
€333k ▲ 49.3%
Equity and liabilities €444k
Equity
€126k ▲ 89.6%
Debt
€318k ▲ 18.8%
Debt's share of the balance-sheet total falls from 80.1% to 71.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▲
2023 · €-4k
Cash flow
€73k▲
2023 · €-8k
Current ratio
2.24▲
2023 · 0.96
Quick ratio
2.09▲
2023 · 0.87
Debt to equity
2.52▼
2023 · 4.02
ROE
47.3%▲
2023 · -28.8%
ROA
13.4%▲
2023 · -5.7%
Interest coverage
10.08▲
2023 · -0.31
Debt ≤ 1 year
€149k▼
2023 · €233k
Income taxes
€59▲
2023 · €0
Staff costs
€657k▼
2023 · €728k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€334k€444k▲
Fixed assets21/28€111k€110k▼
Tangible fixed assets22/27€37k€31k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€21k€14k▼
Other tangible fixed assets26€14k€15k▲
Financial fixed assets28€74k€79k▲
Current assets29/58€223k€333k▲
Stocks and contracts in progress3€20k€22k▲
Stocks30/36€20k€22k▲
Amounts receivable within one year40/41€22k€39k▲
Trade receivables40€2k€325▼
Other amounts receivable41€20k€39k▲
Cash at bank and in hand54/58€178k€267k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€334k€444k▲
Equity10/15€67k€126k▲
Contributions10/11€74k€74k=
Reserves13€0€52k▲
Distributable reserves133€0€52k▲
Profit (loss) carried forward14€-8k€0▲
Amounts payable17/49€267k€318k▲
Amounts payable within one year42/48€233k€149k▼
Trade debts44€164k€90k▼
Suppliers440/4€164k€90k▼
Advances received on contracts in progress46€0€918▲
Taxes, remuneration and social security45€64k€52k▼
Taxes450/3€0€190▲
Remuneration and social security454/9€64k€52k▼
Other amounts payable47/48€5k€6k▲
Accrued charges and deferred income492/3€34k€168k▲
Income statement
Code20232024
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€728k€657k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€1
Gross operating margin9900€729k€739k▲
Operating profit (loss)9901€-15k€64k▲
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€12k€8k▼
Recurring financial charges65€12k€8k▼
Profit (loss) for the period before taxes9903€-19k€60k▲
Income taxes67/77€0€59▲
Profit (loss) for the period9904€-19k€60k▲
Profit (loss) for the period to be appropriated9905€-19k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€52k▲
Profit (loss) brought forward from the previous period14P-€-8k
Transfer from equity791/2€11k€0▼
Transfer to equity691/2-€52k
To other reserves6921-€52k
Social balance
Average headcount (FTE)908723.419.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €537k | €643k | €728k | €657k | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €9k | €12k | €13k | ▲ 12.7% |
| Other operating charges640/8 | - | €6k | €3k | €4k | €5k | ▲ 19.1% |
| Non-recurring operating charges66A | - | - | - | - | €1 | - |
| Gross operating margin9900 | €567k | €664k | €558k | €729k | €739k | ▲ 1.4% |
| Operating profit (loss)9901 | €90k | €116k | €-96k | €-15k | €64k | ▲ 526% |
| Financial income75/76B | - | €3k | €3k | €7k | €3k | ▼ 59.6% |
| Recurring financial income75 | €714 | €3k | €3k | €7k | €3k | ▼ 59.6% |
| Financial charges65/66B | - | €11k | €9k | €12k | €8k | ▼ 33.4% |
| Recurring financial charges65 | €8k | €11k | €9k | €12k | €8k | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | €83k | €108k | €-101k | €-19k | €60k | ▲ 411% |
| Income taxes67/77 | €14k | €2k | €0 | €0 | €59 | - |
| Profit (loss) for the period9904 | €69k | €106k | €-101k | €-19k | €60k | ▲ 411% |
| Profit (loss) for the period to be appropriated9905 | €69k | €106k | €-101k | €-19k | €60k | ▲ 411% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345k | €558k | €406k | €334k | €444k | ▲ 32.9% |
| Fixed assets21/28 | €80k | €91k | €108k | €111k | €110k | ▼ 0.3% |
| Tangible fixed assets22/27 | €6k | €17k | €34k | €37k | €31k | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €2k | ▼ 0.2% |
| Furniture and vehicles24 | - | €9k | €28k | €21k | €14k | ▼ 31.8% |
| Other tangible fixed assets26 | - | €4k | €3k | €14k | €15k | ▲ 10.2% |
| Financial fixed assets28 | €74k | €74k | €74k | €74k | €79k | ▲ 6.8% |
| Current assets29/58 | €266k | €467k | €299k | €223k | €333k | ▲ 49.3% |
| Stocks and contracts in progress3 | €15k | €15k | €18k | €20k | €22k | ▲ 11.0% |
| Stocks30/36 | - | €15k | €18k | €20k | €22k | ▲ 11.0% |
| Amounts receivable within one year40/41 | €87k | €102k | €36k | €22k | €39k | ▲ 76.7% |
| Trade receivables40 | - | €32k | €19k | €2k | €325 | ▼ 85.8% |
| Other amounts receivable41 | - | €70k | €17k | €20k | €39k | ▲ 95.5% |
| Cash at bank and in hand54/58 | €163k | €350k | €235k | €178k | €267k | ▲ 50.0% |
| Deferred charges and accrued income490/1 | - | €786 | €10k | €3k | €4k | ▲ 65.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345k | €558k | €406k | €334k | €444k | ▲ 32.9% |
| Equity10/15 | €81k | €187k | €86k | €67k | €126k | ▲ 89.6% |
| Contributions10/11 | - | €74k | €74k | €74k | €74k | = |
| Reserves13 | €7k | €113k | €11k | €0 | €52k | - |
| Distributable reserves133 | - | €113k | €11k | €0 | €52k | - |
| Profit (loss) carried forward14 | €-64k | - | - | €-8k | €0 | ▲ 100% |
| Amounts payable17/49 | €264k | €371k | €320k | €267k | €318k | ▲ 18.8% |
| Amounts payable within one year42/48 | €264k | €370k | €320k | €233k | €149k | ▼ 36.0% |
| Trade debts44 | €203k | €302k | €259k | €164k | €90k | ▼ 44.9% |
| Suppliers440/4 | - | €302k | €259k | €164k | €90k | ▼ 44.9% |
| Advances received on contracts in progress46 | - | - | €4k | €0 | €918 | - |
| Taxes, remuneration and social security45 | - | €63k | €52k | €64k | €52k | ▼ 18.6% |
| Taxes450/3 | - | €13k | €332 | €0 | €190 | - |
| Remuneration and social security454/9 | - | €50k | €52k | €64k | €52k | ▼ 18.9% |
| Other amounts payable47/48 | - | €5k | €5k | €5k | €6k | ▲ 11.9% |
| Accrued charges and deferred income492/3 | - | €1k | €0 | €34k | €168k | ▲ 391% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69k | €106k | €-101k | €-19k | €60k | ▲ 411% |
| + Depreciation and write-downs630 | €7k | €6k | €9k | €12k | €13k | ▲ 12.7% |
| Operating cash flow (approximation) | €76k | €111k | €-93k | €-8k | €73k | ▲ 1,051% |
| Investment in fixed assets (approximation) | - | €-17k | €-25k | €-15k | €-13k | ▲ 13.1% |
| Change in cash | - | €187k | €-115k | €-57k | €89k | ▲ 257% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €60k
Net result €60k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 0.96 to 2.24; short-term debt falls from €233k to €149k.
31-12
Financial
Equity above €100kEq €126k ▲89.6%
Equity rises from €67k to €126k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-101k
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €106k ▲53.4%
Operating result €116k, net result €106k, both a record.
31-12
Financial
Equity above €150kEq €187k ▲130%
4 profitable years in a row build equity to €187k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
05-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 5 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
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, Gent · 1 establishment unit since 1997
Ground area
5,120 m²
Building footprint
487 m²
Volume, LiDAR
2,356 m³
Parcel 44061B0061/00D000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
QUICK
since 19972.083.366.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0061/00D000 | Flanders | 5,120 m² | 1 · 487 m² | 9.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.083.366.196
Dual-learning approval
2 endedMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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FILCA
BE 0711.933.874
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LOUIMAX
BE 1007.089.731
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MELBEYZA
BE 0897.627.409
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,511 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 (pre-2019)
Founded21-08-1997
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.