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THOMAS BAARS HOLDING

Active
Private limited company (pre-2019)founded 20179 yrs activeJohn Lijsenstraat 58, 2321 Hoogstraten, BelgiumKBO/BCE: BE 0675.686.261
Summary

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 €206,320 and a net result of €10,514. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
THOMAS BAARS HOLDINGActiveChecked score 64/100
Risk analysis ReportCompare

Checked score

Score 2024
64 / 100
Healthy
Every signal that weighs is under Signals.
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 €13,000 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

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

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 filings
Deviation 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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THOMAS BAARS HOLDING was incorporated on 12 May 2017.1 Total assets rose from EUR 240,891 in 2018 to EUR 317,539 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€96,000▼ 19.2%
2020 · €118,780
EBIT margin
42.5%▲ 13.3pp
2020 · 29.2%
Net result
€10,514▲ 80.5%
2023 · €5,826
Working capital
€156,364▼ 27.6%
2023 · €215,881
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€118,780€96,000▼ 19.2%
Operating result€34,683▼ 33.3%€40,766▲ 17.5%€34,054▼ 16.5%€8,139▼ 76.1%€20,064▲ 147%
Net result-€167,695below the sector's middle half€216,221above the sector's middle half€950within the sector's middle half▼ 99.6%€5,826within the sector's middle half▲ 513%€10,514within the sector's middle half▲ 80.5%
EBIT margin29.2%42.5%▲ 13.3pp
Equity-€27,191below the sector's middle half€189,029above the sector's middle half€189,980above the sector's middle half▲ 0.5%€195,806above the sector's middle half▲ 3.1%€206,320above the sector's middle half▲ 5.4%
Total assets€184,887within the sector's middle half▼ 45.4%€362,706above the sector's middle half▲ 96.2%€262,317within the sector's middle half▼ 27.7%€235,821within the sector's middle half▼ 10.1%€317,539within the sector's middle half▲ 34.7%
Debt€212,078▲ 7.0%€173,677▼ 18.1%€72,337▼ 58.3%€40,015▼ 44.7%€111,219▲ 178%
Working capital€67,828within the sector's middle half▲ 68.6%€88,971within the sector's middle half▲ 31.2%€241,897above the sector's middle half▲ 172%€215,881above the sector's middle half▼ 10.8%€156,364above the sector's middle half▼ 27.6%
Solvency-14.7%below the sector's middle half▼ 56.2pp52.1%within the sector's middle half▲ 66.8pp72.4%within the sector's middle half▲ 20.3pp83.0%above the sector's middle half▲ 10.6pp65.0%within the sector's middle half▼ 18.1pp
Current ratio1.61within the sector's middle half▲ 0.202.23within the sector's middle half▲ 0.6213.89above the sector's middle half▲ 11.6612.71above the sector's middle half▼ 1.188.74above the sector's middle half▼ 3.96
Return on assets (ROA)-90.7%below the sector's middle half▼ 100.9pp59.6%above the sector's middle half▲ 150.3pp0.4%within the sector's middle half▼ 59.3pp2.5%within the sector's middle half▲ 2.1pp3.3%within the sector's middle half▲ 0.8pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000€200,000Operating result 2020: €34,683€34,683Net result 2020: -€167,695-€167,695Operating result 2021: €40,766€40,766Net result 2021: €216,221€216,221Operating result 2022: €34,054€34,054Net result 2022: €950€950Operating result 2023: €8,139€8,139Net result 2023: €5,826€5,826Operating result 2024: €20,064€20,064Net result 2024: €10,514€10,51420202021202220232024€0€10,000€20,000€30,000Operating result 2022: €34,054€34,100Net result 2022: €950€950Operating result 2023: €8,139€8,140Net result 2023: €5,826€5,830Operating result 2024: €20,064€20,100Net result 2024: €10,514€10,500202220232024
The operating result recovers in 2024; 2024 is 147% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €317,539
Fixed assets €140,980 ▲ 9,324%
Current assets €176,560 ▼ 24.7%
Equity and liabilities €317,539
Equity €206,320 ▲ 5.4%
Debt €111,219 ▲ 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
2024 value · change against 2023
EBITDA
€20,580▲
2023 · €8,897
Cash flow
€11,031▲
2023 · €6,584
Debt to equity
0.54▲
2023 · 0.20
ROE
5.1%▲
2023 · 3.0%
Interest coverage
2.19▼
2023 · 2.63
Debt ≤ 1 year
€20,196▲
2023 · €18,444
Debt > 1 year
€91,023▲
2023 · €21,571
Income taxes
€4,683▲
2023 · €2,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.2% went bankrupt
3.8% stopped otherwise
94% still going

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€235,821€317,539▲
Fixed assets21/28€1,496€140,980▲
Tangible fixed assets22/27€896€380▼
Plant, machinery and equipment23€896€380▼
Financial fixed assets28€600€140,600▲
Current assets29/58€234,325€176,560▼
Amounts receivable within one year40/41€121,170€161,460▲
Trade receivables40€30,789€71,049▲
Other amounts receivable41€90,381€90,411=
Cash at bank and in hand54/58€111,429€15,100▼
Deferred charges and accrued income490/1€1,725€0▼
Equity and liabilities
Total equity and liabilities10/49€235,821€317,539▲
Equity10/15€195,806€206,320▲
Contributions10/11€100,000€100,000=
Reserves13€95,806€106,320▲
Non-distributable reserves130/1€498€498=
Reserves not available under the articles1311€498€498=
Distributable reserves133€95,308€105,823▲
Amounts payable17/49€40,015€111,219▲
Amounts payable after more than one year17€21,571€91,023▲
Financial debts170/4€21,571€91,023▲
Amounts payable within one year42/48€18,444€20,196▲
Trade debts44€11,672€12,213▲
Suppliers440/4€11,672€12,213▲
Taxes, remuneration and social security45€6,772€7,983▲
Taxes450/3€6,772€7,983▲
Other amounts payable47/48€0-
Income statement Code20232024
Non-recurring operating income76A-€7,364
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€21,242▲
Other operating charges640/8€1,722€1,345▼
Gross operating margin9900€10,619€43,167▲
Operating profit (loss)9901€8,139€20,064▲
Financial income75/76B€3,357€4,514▲
Recurring financial income75€3,357€4,514▲
Financial charges65/66B€3,380€9,380▲
Recurring financial charges65€3,380€9,380▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€8,117€15,197▲
Income taxes67/77€2,291€4,683▲
Profit (loss) for the period9904€5,826€10,514▲
Profit (loss) for the period to be appropriated9905€5,826€10,514▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,826€10,514▲
Transfer to equity691/2€5,826€10,514▲
To other reserves6921€5,826€10,514▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€118,780€96,000----
Non-recurring operating income76A----€7,364-
Goods, raw materials, services and sundry goods60/61-€56,762----
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--€21,188€0€21,242-
Other operating charges640/8-€3,314€7,755€1,722€1,345▼ 21.9%
Gross operating margin9900€36,446€44,825€63,879€10,619€43,167▲ 307%
Operating profit (loss)9901€34,683€40,766€34,054€8,139€20,064▲ 147%
Financial income75/76B-€3,205€3,130€3,357€4,514▲ 34.5%
Recurring financial income75€1,297€3,205€3,130€3,357€4,514▲ 34.5%
Financial charges65/66B--€185,595€35,015€3,380€9,380▲ 178%
Recurring financial charges65€196,131-€185,595€7,816€3,380€9,380▲ 178%
Non-recurring financial charges66B--€27,200€0--
Profit (loss) for the period before taxes9903-€160,151€229,567€2,169€8,117€15,197▲ 87.2%
Income taxes67/77€7,544€13,346€1,219€2,291€4,683▲ 104%
Profit (loss) for the period9904-€167,695€216,221€950€5,826€10,514▲ 80.5%
Profit (loss) for the period to be appropriated9905-€167,695€216,221€950€5,826€10,514▲ 80.5%
Line20202021202220232024Change
Assets
Total assets20/58€184,887€362,706€262,317€235,821€317,539▲ 34.7%
Fixed assets21/28€6,552€201,629€1,654€1,496€140,980▲ 9,324%
Tangible fixed assets22/27€1,732€986€1,654€896€380▼ 57.6%
Plant, machinery and equipment23-€986€1,654€896€380▼ 57.6%
Financial fixed assets28€4,820€200,643-€600€140,600▲ 23,333%
Current assets29/58€178,335€161,077€260,663€234,325€176,560▼ 24.7%
Amounts receivable within one year40/41€153,010€159,158€128,206€121,170€161,460▲ 33.3%
Trade receivables40-€43,771€42,484€30,789€71,049▲ 131%
Other amounts receivable41-€115,386€85,721€90,381€90,411=
Cash at bank and in hand54/58€25,325€176€130,719€111,429€15,100▼ 86.4%
Deferred charges and accrued income490/1-€1,743€1,738€1,725€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€184,887€362,706€262,317€235,821€317,539▲ 34.7%
Equity10/15-€27,191€189,029€189,980€195,806€206,320▲ 5.4%
Contributions10/11-€100,000€100,000€100,000€100,000=
Reserves13€498€89,029€89,980€95,806€106,320▲ 11.0%
Non-distributable reserves130/1-€498€498€498€498=
Reserves not available under the articles1311-€498€498€498€498=
Distributable reserves133-€88,532€89,482€95,308€105,823▲ 11.0%
Profit (loss) carried forward14-€127,689-----
Amounts payable17/49€212,078€173,677€72,337€40,015€111,219▲ 178%
Amounts payable after more than one year17€101,571€101,571€53,571€21,571€91,023▲ 322%
Financial debts170/4-€101,571€53,571€21,571€91,023▲ 322%
Amounts payable within one year42/48€110,507€72,106€18,767€18,444€20,196▲ 9.5%
Trade debts44€44,576€37,605€7,844€11,672€12,213▲ 4.6%
Suppliers440/4-€37,605€7,844€11,672€12,213▲ 4.6%
Taxes, remuneration and social security45-€23,371€9,896€6,772€7,983▲ 17.9%
Taxes450/3-€23,371€9,896€6,772€7,983▲ 17.9%
Other amounts payable47/48-€11,131€1,027€0--
Line20202021202220232024Change
Profit (loss) for the period9904-€167,695€216,221€950€5,826€10,514▲ 80.5%
+ Depreciation and write-downs630€504€745€882€758€516▼ 31.9%
Operating cash flow (approximation)-€167,191€216,966€1,832€6,584€11,031▲ 67.5%
Investment in fixed assets (approximation)--€195,823€199,094-€600-€140,000▼ 23,233%
Change in cash--€25,148€130,543-€19,290-€96,329▼ 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.

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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 €200,000Eq €206,320 ▲5.4%
4 profitable years in a row build equity to €206,320.
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 €72,106 to €18,767.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €216,221
Net result €216,221 after one loss-making year.
31-12
Financial Equity above €150,000Eq €189,029
Equity rises from -€27,191 to €189,029.
10-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial Weakest financial yearnet -€167,695
Net result drops to -€167,695, 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hoogstraten · 1 establishment unit since 2017
seat establishment The establishment unit on the map
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
John Lijsenstraat 58, 2321 HoogstratenFinancial service activities, except insurance and pension funding
since 20172.264.425.903
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13020F0368/00A000
ProtectedMonumentKasteel ter Meiren: landhuis en dienstgebouwSource ↗
 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of THOMAS BAARS HOLDING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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Company details

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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0675686261
Also 9925:BE0675686261
Registered 01-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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