Thomas Auto
ActiveThomas Auto has been active since 1953 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €675k and a net result of €170k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 1018 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency98▲+18
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.6 in 2024), and 42.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.1%
Return on assets
14.4%
Age of the figures
10 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 21-04-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
3 d early
2023
on the day
2022
on the day
2021
on the day
2020
3 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€675k▲ 8.0%
2024 · €625k
2018: €486k
2019: €492k
2020: €510k
2021: €552k
2022: €576k
2023: €599k
2024: €625k
2018 → 2025
Total assets
€1.18M▼ 16.8%
2024 · €1.42M
2018: €1.14M
2019: €981k
2020: €999k
2021: €1.12M
2022: €1.14M
2023: €1.02M
2024: €1.42M
2018 → 2025
Net result
€170k▲ 34.3%
2024 · €126k
2018: €79k
2019: €16k
2020: €38k
2021: €67k
2022: €39k
2023: €48k
2024: €126k
2018 → 2025
Working capital
€390k▲ 14.2%
2024 · €341k
2018: €393k
2019: €375k
2020: €346k
2021: €303k
2022: €300k
2023: €318k
2024: €341k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€552k-€576k▲ 4.3%€599k▲ 4.0%€625k▲ 4.4%€675k▲ 8.0%
Operating result€60k-€52k▼ 12.9%€64k▲ 22.7%€143k▲ 123%€195k▲ 36.3%
Net result€67k-€39k▼ 41.9%€48k▲ 24.0%€126k▲ 163%€170k▲ 34.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 36% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€427k▼ 16.3%
Current assets
€755k▼ 17.1%
Equity and liabilities €1.18M
Equity
€675k▲ 8.0%
Provisions
€0▼ 100%
Debt
€506k▼ 33.7%
The debt ratio falls from 53.8% to 42.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€304k▲
2024 · €236k
Cash flow
€279k▲
2024 · €220k
Solvency
57.1%▲
2024 · 44.0%
Current ratio
2.07▲
2024 · 1.60
Quick ratio
1.50▲
2024 · 1.01
Debt / equity
0.75▼
2024 · 1.22
ROE
25.2%▲
2024 · 20.2%
ROA
14.4%▲
2024 · 8.9%
Interest coverage
45.71▲
2024 · 36.97
Debt
€506k▼
2024 · €764k
Debt ≤ 1 year
€365k▼
2024 · €569k
Debt > 1 year
€123k▼
2024 · €195k
Income taxes
€19k▲
2024 · €11k
Staff costs
€216k▼
2024 · €235k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€1.18M▼
Fixed assets21/28€510k€427k▼
Tangible fixed assets22/27€503k€420k▼
Plant, machinery and equipment23€272k€213k▼
Furniture and vehicles24€231k€207k▼
Financial fixed assets28€7k€7k=
Current assets29/58€911k€755k▼
Stocks and contracts in progress3€337k€208k▼
Stocks30/36€337k€208k▼
Amounts receivable within one year40/41€499k€242k▼
Trade receivables40€364k€132k▼
Other amounts receivable41€135k€110k▼
Cash at bank and in hand54/58€63k€292k▲
Deferred charges and accrued income490/1€11k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.18M▼
Equity10/15€625k€675k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€285k€285k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€270k€270k=
Profit (loss) carried forward14€278k€328k▲
Provisions and deferred taxes16€31k-
Provisions for liabilities and charges160/5€31k-
Other liabilities and charges164/5€31k-
Amounts payable17/49€764k€506k▼
Amounts payable after more than one year17€195k€123k▼
Financial debts170/4€195k€123k▼
Amounts payable within one year42/48€569k€365k▼
Current portion of amounts payable after more than one year42€77k€72k▼
Trade debts44€371k€153k▼
Suppliers440/4€371k€153k▼
Taxes, remuneration and social security45€21k€17k▼
Taxes450/3€2k€5k▲
Remuneration and social security454/9€18k€12k▼
Other amounts payable47/48€101k€124k▲
Accrued charges and deferred income492/3-€18k
Income statement
Code20242025
Non-recurring operating income76A€22k€12k▼
Remuneration, social security and pensions62€235k€216k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€109k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€31k€-31k▼
Other operating charges640/8€20k€15k▼
Gross operating margin9900€522k€504k▼
Operating profit (loss)9901€143k€195k▲
Financial income75/76B€863€917▲
Recurring financial income75€863€917▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€137k€189k▲
Income taxes67/77€11k€19k▲
Profit (loss) for the period9904€126k€170k▲
Profit (loss) for the period to be appropriated9905€126k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€378k€448k▲
Profit (loss) brought forward from the previous period14P€252k€278k▲
Profit to be distributed694/7€100k€120k▲
Directors or managers695€100k€120k▲
Social balance
Average headcount (FTE)90874.43.7▼
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
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-10
Financial
Highest result since 2018net €170k ▲34.3%
Operating result €195k, net result €170k, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial
Equity above €500kEq €510k ▲3.6%
3 profitable years in a row build equity to €510k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-10
Financial
Weakest financial yearnet €16k ▼79.6%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
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
4 acts for this company are 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, Merchtem · 1 establishment unit since 1953
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.
Brusselsesteenweg 1861785 MerchtemGround area
5,935 m²
Building footprint
2,868 m²
Volume, LiDAR
14,373 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Krekelendries 11, 1785 Merchtem
since 19532.005.375.426
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00N004 | Flanders | 4,003 m² | 1 · 1,654 m² | 6.7 m · 2 fl. |
| 23602H0202/00N000 | Flanders | 1,932 m² | 1 · 1,214 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
M.L.W.S.
BE 0823.223.360
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HdS Motor de Schaetzen
BE 0420.650.002
Hasselt · Eq €674k
WULFFAERT
BE 0877.672.133
Eeklo · Eq €677k
GARAGE BONGARTZ
BE 0469.128.622
Amel · Eq €672k
GARAGE CARROSSERIE VAN HECKE D.
BE 0445.126.565
Wuustwezel · Eq €678k
Of 7,340 companies in sector 95311 we hold annual accounts for 2,939. 1,939 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-06-1953
Fiscal year end31-10
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50101
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.