THOMAS BAARS HOLDING
ActiveSummary
THOMAS BAARS HOLDING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €206k and a net result of €11k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▼-3
Solvency90▼-10
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 8.74 against 12.71 in 2023; short-term debt: 6.4% and cash: 4.8% of total assets), and 35% of the assets are financed with debt.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
9 d early
2022
60 d late
2021
32 d early
2020
102 d late
2019
146 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€96k▼ 19.2%
2020 · €119k
2020: €119k
2021: €96k▼ -19.2% vs 2020
2020 → 2021
EBIT margin
42.5%▲ 13.3pp
2020 · 29.2%
2020: 29.2%
2021: 42.5%▲ +45.4% vs 2020
2020 → 2021
Net result
€11k▲ 80.5%
2023 · €6k
2018: €10k
2019: €35k▲ +247% vs 2018
2020: €-168k▼ -585% vs 2019lowest in 7 years
2021: €216k▲ +229% vs 2020highest in 7 years
2022: €950▼ -99.6% vs 2021
2023: €6k▲ +513% vs 2022
2024: €11k▲ +80.5% vs 2023
2018 → 2024
Working capital
€156k▼ 27.6%
2023 · €216k
2018: €7klowest in 7 years
2019: €40k▲ +485% vs 2018
2020: €68k▲ +68.6% vs 2019
2021: €89k▲ +31.2% vs 2020
2022: €242k▲ +172% vs 2021highest in 7 years
2023: €216k▼ -10.8% vs 2022
2024: €156k▼ -27.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€119k-€96k▼ 19.2%
2020: €119k
2021: €96k▼ -19.2% vs 2020
Equity€-27k-€189k€190k▲ 0.5%€196k▲ 3.1%€206k▲ 5.4%
2020: €-27klowest in 5 years
2021: €189k▲ +795% vs 2020
2022: €190k▲ +0.5% vs 2021
2023: €196k▲ +3.1% vs 2022
2024: €206k▲ +5.4% vs 2023highest in 5 years
Operating result€35k-€41k▲ 17.5%€34k▼ 16.5%€8k▼ 76.1%€20k▲ 147%
2020: €35k
2021: €41k▲ +17.5% vs 2020highest in 5 years
2022: €34k▼ -16.5% vs 2021
2023: €8k▼ -76.1% vs 2022lowest in 5 years
2024: €20k▲ +147% vs 2023
Net result€-168k-€216k€950▼ 99.6%€6k▲ 513%€11k▲ 80.5%
2020: €-168klowest in 5 years
2021: €216k▲ +229% vs 2020highest in 5 years
2022: €950▼ -99.6% vs 2021
2023: €6k▲ +513% vs 2022
2024: €11k▲ +80.5% 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 recovers in 2024; 2024 is 147% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €318k
Fixed assets
€141k ▲ 9,324%
Current assets
€177k ▼ 24.7%
Equity and liabilities €318k
Equity
€206k ▲ 5.4%
Debt
€111k ▲ 178%
Debt's share of the balance-sheet total rises from 17.0% to 35.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▲
2023 · €9k
Cash flow
€11k▲
2023 · €7k
Current ratio
8.74▼
2023 · 12.71
Debt to equity
0.54▲
2023 · 0.20
ROE
5.1%▲
2023 · 3.0%
ROA
3.3%▲
2023 · 2.5%
Interest coverage
2.19▼
2023 · 2.63
Debt ≤ 1 year
€20k▲
2023 · €18k
Debt > 1 year
€91k▲
2023 · €22k
Income taxes
€5k▲
2023 · €2k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€236k€318k▲
Fixed assets21/28€1k€141k▲
Tangible fixed assets22/27€896€380▼
Plant, machinery and equipment23€896€380▼
Financial fixed assets28€600€141k▲
Current assets29/58€234k€177k▼
Amounts receivable within one year40/41€121k€161k▲
Trade receivables40€31k€71k▲
Other amounts receivable41€90k€90k=
Cash at bank and in hand54/58€111k€15k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€236k€318k▲
Equity10/15€196k€206k▲
Contributions10/11€100k€100k=
Reserves13€96k€106k▲
Non-distributable reserves130/1€498€498=
Reserves not available under the articles1311€498€498=
Distributable reserves133€95k€106k▲
Amounts payable17/49€40k€111k▲
Amounts payable after more than one year17€22k€91k▲
Financial debts170/4€22k€91k▲
Amounts payable within one year42/48€18k€20k▲
Trade debts44€12k€12k▲
Suppliers440/4€12k€12k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€0-
Income statement
Code20232024
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€758€516▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€21k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€11k€43k▲
Operating profit (loss)9901€8k€20k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€8k€15k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€6k€11k▲
Profit (loss) for the period to be appropriated9905€6k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€11k▲
Transfer to equity691/2€6k€11k▲
To other reserves6921€6k€11k▲
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €119k | €96k | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €57k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €504 | €745 | €882 | €758 | €516 | ▼ 31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €21k | €0 | €21k | - |
| Other operating charges640/8 | - | €3k | €8k | €2k | €1k | ▼ 21.9% |
| Gross operating margin9900 | €36k | €45k | €64k | €11k | €43k | ▲ 307% |
| Operating profit (loss)9901 | €35k | €41k | €34k | €8k | €20k | ▲ 147% |
| Financial income75/76B | - | €3k | €3k | €3k | €5k | ▲ 34.5% |
| Recurring financial income75 | €1k | €3k | €3k | €3k | €5k | ▲ 34.5% |
| Financial charges65/66B | - | €-186k | €35k | €3k | €9k | ▲ 178% |
| Recurring financial charges65 | €196k | €-186k | €8k | €3k | €9k | ▲ 178% |
| Non-recurring financial charges66B | - | - | €27k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €-160k | €230k | €2k | €8k | €15k | ▲ 87.2% |
| Income taxes67/77 | €8k | €13k | €1k | €2k | €5k | ▲ 104% |
| Profit (loss) for the period9904 | €-168k | €216k | €950 | €6k | €11k | ▲ 80.5% |
| Profit (loss) for the period to be appropriated9905 | €-168k | €216k | €950 | €6k | €11k | ▲ 80.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €363k | €262k | €236k | €318k | ▲ 34.7% |
| Fixed assets21/28 | €7k | €202k | €2k | €1k | €141k | ▲ 9,324% |
| Tangible fixed assets22/27 | €2k | €986 | €2k | €896 | €380 | ▼ 57.6% |
| Plant, machinery and equipment23 | - | €986 | €2k | €896 | €380 | ▼ 57.6% |
| Financial fixed assets28 | €5k | €201k | - | €600 | €141k | ▲ 23,333% |
| Current assets29/58 | €178k | €161k | €261k | €234k | €177k | ▼ 24.7% |
| Amounts receivable within one year40/41 | €153k | €159k | €128k | €121k | €161k | ▲ 33.3% |
| Trade receivables40 | - | €44k | €42k | €31k | €71k | ▲ 131% |
| Other amounts receivable41 | - | €115k | €86k | €90k | €90k | = |
| Cash at bank and in hand54/58 | €25k | €176 | €131k | €111k | €15k | ▼ 86.4% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €363k | €262k | €236k | €318k | ▲ 34.7% |
| Equity10/15 | €-27k | €189k | €190k | €196k | €206k | ▲ 5.4% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €498 | €89k | €90k | €96k | €106k | ▲ 11.0% |
| Non-distributable reserves130/1 | - | €498 | €498 | €498 | €498 | = |
| Reserves not available under the articles1311 | - | €498 | €498 | €498 | €498 | = |
| Distributable reserves133 | - | €89k | €89k | €95k | €106k | ▲ 11.0% |
| Profit (loss) carried forward14 | €-128k | - | - | - | - | - |
| Amounts payable17/49 | €212k | €174k | €72k | €40k | €111k | ▲ 178% |
| Amounts payable after more than one year17 | €102k | €102k | €54k | €22k | €91k | ▲ 322% |
| Financial debts170/4 | - | €102k | €54k | €22k | €91k | ▲ 322% |
| Amounts payable within one year42/48 | €111k | €72k | €19k | €18k | €20k | ▲ 9.5% |
| Trade debts44 | €45k | €38k | €8k | €12k | €12k | ▲ 4.6% |
| Suppliers440/4 | - | €38k | €8k | €12k | €12k | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | €23k | €10k | €7k | €8k | ▲ 17.9% |
| Taxes450/3 | - | €23k | €10k | €7k | €8k | ▲ 17.9% |
| Other amounts payable47/48 | - | €11k | €1k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-168k | €216k | €950 | €6k | €11k | ▲ 80.5% |
| + Depreciation and write-downs630 | €504 | €745 | €882 | €758 | €516 | ▼ 31.9% |
| Operating cash flow (approximation) | €-167k | €217k | €2k | €7k | €11k | ▲ 67.5% |
| Investment in fixed assets (approximation) | - | €-196k | €199k | €-600 | €-140k | ▼ 23,233% |
| Change in cash | - | €-25k | €131k | €-19k | €-96k | ▼ 399% |
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
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
31-12
Financial
Equity above €200kEq €206k ▲5.4%
4 profitable years in a row build equity to €206k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Liquidity times 6current ratio 13.89
Current ratio from 2.23 to 13.89; short-term debt falls from €72k to €19k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €216k
Net result €216k after one loss-making year.
31-12
Financial
Equity above €150kEq €189k
Equity rises from €-27k to €189k.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial
Weakest financial yearnet €-168k
Net result drops to €-168k, the lowest in the series; recovery starts the following year.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 146 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 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, Hoogstraten · 1 establishment unit since 2017
Ground area
446 m²
Building footprint
442 m²
Volume, LiDAR
3,462 m³
Parcel 13020F0368/00A000, Flanders · tallest building 21.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
THOMAS BAARS HOLDING
since 20172.264.425.903
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13020F0368/00A000 | Flanders | 446 m² | 1 · 442 m² | 21.0 m · 3 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,179 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)
Founded12-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.