Thomas De Meyer
ActiveSummary
Thomas De Meyer has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €34k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+7
Solvency66▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 0.4 in 2024; short-term debt: 18.9% and cash: 12% of total assets), and 58.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2021
28 d early
2020
85 d late
2019
on the day
2018
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 29.6%
2024 · €116k
2018: €13klowest value
2019: €35k▲ +178% vs 2018
2020: €42k▲ +19.8% vs 2019
2021: €82k▲ +94.4% vs 2020
2024: €116k
2025: €151k▲ +29.6% vs 2024highest value
2018 → 2025
Total assets
€365k▲ 14.2%
2024 · €319k
2018: €34klowest value
2019: €62k▲ +85.4% vs 2018
2020: €105k▲ +68.5% vs 2019
2021: €110k▲ +4.4% vs 2020
2024: €319k
2025: €365k▲ +14.2% vs 2024highest value
2018 → 2025
Net result
€34k▲ 159%
2024 · €13k
2018: €16k
2019: €10k▼ -38.9% vs 2018
2020: €7k▼ -30.7% vs 2019lowest value
2021: €40k▲ +470% vs 2020highest value
2024: €13k
2025: €34k▲ +159% vs 2024
2018 → 2025
Working capital
€25k
2024 · €-34k
2018: €10k
2019: €-2k▼ -123% vs 2018
2020: €12k▲ +632% vs 2019
2021: €63k▲ +405% vs 2020highest value
2024: €-34klowest value
2025: €25k▲ +175% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120242025Trend
Equity€35k-€42k▲ 19.8%€82k▲ 94.4%€116k▲ 42.3%€151k▲ 29.6%
2019: €35klowest value
2020: €42k▲ +19.8% vs 2019
2021: €82k▲ +94.4% vs 2020
2024: €116k
2025: €151k▲ +29.6% vs 2024highest value
Operating result€13k-€9k▼ 30.4%€50k▲ 464%€34k▼ 32.7%€56k▲ 67.8%
2019: €13k
2020: €9k▼ -30.4% vs 2019lowest value
2021: €50k▲ +464% vs 2020
2024: €34k
2025: €56k▲ +67.8% vs 2024highest value
Net result€10k-€7k▼ 30.7%€40k▲ 470%€13k▼ 66.4%€34k▲ 159%
2019: €10k
2020: €7k▼ -30.7% vs 2019lowest value
2021: €40k▲ +470% vs 2020highest value
2024: €13k
2025: €34k▲ +159% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365k
Fixed assets
€270k ▼ 8.8%
Current assets
€94k ▲ 311%
Equity and liabilities €365k
Equity
€151k ▲ 29.6%
Debt
€214k ▲ 5.4%
Debt's share of the balance-sheet total falls from 63.6% to 58.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▲
2024 · €49k
Cash flow
€60k▲
2024 · €29k
Current ratio
1.37▲
2024 · 0.40
Debt to equity
1.42▼
2024 · 1.75
ROE
22.9%▲
2024 · 11.5%
ROA
9.4%▲
2024 · 4.2%
Interest coverage
14.47▲
2024 · 8.02
Debt ≤ 1 year
€69k▲
2024 · €57k
Debt > 1 year
€136k▼
2024 · €146k
Income taxes
€16k▲
2024 · €15k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€365k▲
Fixed assets21/28€296k€270k▼
Tangible fixed assets22/27€296k€270k▼
Land and buildings22€228k€216k▼
Furniture and vehicles24€68k€54k▼
Current assets29/58€23k€94k▲
Amounts receivable within one year40/41€15k€50k▲
Trade receivables40€3k€50k▲
Other amounts receivable41€12k-
Cash at bank and in hand54/58€8k€44k▲
Equity and liabilities
Total equity and liabilities10/49€319k€365k▲
Equity10/15€116k€151k▲
Contributions10/11€19k€19k=
Reserves13€98k€132k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€96k€130k▲
Amounts payable17/49€203k€214k▲
Amounts payable after more than one year17€146k€136k▼
Financial debts170/4€146k€136k▼
Amounts payable within one year42/48€57k€69k▲
Current portion of amounts payable after more than one year42€8k€10k▲
Trade debts44€35k€41k▲
Suppliers440/4€35k€41k▲
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3-€6k
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€7k€7k▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€26k▲
Other operating charges640/8-€2k
Gross operating margin9900€49k€84k▲
Operating profit (loss)9901€34k€56k▲
Financial income75/76B€493€295▼
Recurring financial income75€493€295▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€28k€51k▲
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€13k€34k▲
Profit (loss) for the period to be appropriated9905€13k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€34k▲
Transfer to equity691/2€13k€34k▲
To other reserves6921€13k€34k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €11k | €16k | €26k | ▲ 63.4% |
| Other operating charges640/8 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €23k | €19k | €60k | €49k | €84k | ▲ 70.8% |
| Operating profit (loss)9901 | €13k | €9k | €50k | €34k | €56k | ▲ 67.8% |
| Financial income75/76B | - | - | €50 | €493 | €295 | ▼ 40.1% |
| Recurring financial income75 | - | €8 | €50 | €493 | €295 | ▼ 40.1% |
| Financial charges65/66B | - | - | €129 | €6k | €6k | ▼ 7.8% |
| Recurring financial charges65 | €39 | €104 | €129 | €6k | €6k | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €13k | €9k | €50k | €28k | €51k | ▲ 82.6% |
| Income taxes67/77 | €3k | €2k | €10k | €15k | €16k | ▲ 12.9% |
| Profit (loss) for the period9904 | €10k | €7k | €40k | €13k | €34k | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €10k | €7k | €40k | €13k | €34k | ▲ 159% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €105k | €110k | €319k | €365k | ▲ 14.2% |
| Fixed assets21/28 | €37k | €30k | €19k | €296k | €270k | ▼ 8.8% |
| Tangible fixed assets22/27 | €37k | €30k | €19k | €296k | €270k | ▼ 8.8% |
| Land and buildings22 | - | - | - | €228k | €216k | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | €2k | - | - | - |
| Furniture and vehicles24 | - | - | €17k | €68k | €54k | ▼ 21.1% |
| Current assets29/58 | €25k | €76k | €91k | €23k | €94k | ▲ 311% |
| Amounts receivable within one year40/41 | €8k | €9k | €39k | €15k | €50k | ▲ 238% |
| Trade receivables40 | - | - | €30k | €3k | €50k | ▲ 1,804% |
| Other amounts receivable41 | - | - | €9k | €12k | - | - |
| Cash at bank and in hand54/58 | €17k | €67k | €52k | €8k | €44k | ▲ 446% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €105k | €110k | €319k | €365k | ▲ 14.2% |
| Equity10/15 | €35k | €42k | €82k | €116k | €151k | ▲ 29.6% |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €98k | €132k | ▲ 35.3% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €96k | €130k | ▲ 36.0% |
| Profit (loss) carried forward14 | €15k | €22k | €61k | - | - | - |
| Amounts payable17/49 | €27k | €63k | €28k | €203k | €214k | ▲ 5.4% |
| Amounts payable after more than one year17 | - | - | - | €146k | €136k | ▼ 7.0% |
| Financial debts170/4 | - | - | - | €146k | €136k | ▼ 7.0% |
| Amounts payable within one year42/48 | €27k | €63k | €28k | €57k | €69k | ▲ 21.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | €10k | ▲ 13.0% |
| Trade debts44 | €22k | €42k | €17k | €35k | €41k | ▲ 16.8% |
| Suppliers440/4 | - | - | €17k | €35k | €41k | ▲ 16.8% |
| Taxes, remuneration and social security45 | - | - | - | €6k | €11k | ▲ 71.6% |
| Taxes450/3 | - | - | - | - | €6k | - |
| Remuneration and social security454/9 | - | - | - | €6k | €5k | ▼ 17.2% |
| Other amounts payable47/48 | - | - | €11k | €7k | €7k | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9k | - |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €7k | €40k | €13k | €34k | ▲ 159% |
| + Depreciation and write-downs630 | €10k | €10k | €11k | €16k | €26k | ▲ 63.4% |
| Operating cash flow (approximation) | €20k | €17k | €50k | €29k | €60k | ▲ 107% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | - | €0 | - |
| Change in cash | - | €50k | €-15k | - | €36k | - |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 1.37
Current ratio from 0.40 to 1.37.
31-03
Financial
Equity above €150kEq €151k ▲29.6%
6 profitable years in a row build equity to €151k.
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
31-03
Financial
Equity above €100kEq €116k ▲42.3%
5 profitable years in a row build equity to €116k.
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
Financial
Highest result since 2018net €40k ▲470%
Net result €40k, the highest in the series.
30-11
Financial
Liquidity triplescurrent ratio 3.23
Current ratio from 1.20 to 3.23; short-term debt falls from €63k to €28k.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 85 days late
2020
30-11
Financial
Weakest financial yearnet €7k ▼30.7%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Kortenaken · 1 establishment unit since 2017
Ground area
4,620 m²
Building footprint
187 m²
Volume, LiDAR
1,250 m³
Parcel 24042A0315/00K000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Thomas De Meyer
since 20172.265.721.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042A0315/00K000 | Flanders | 4,620 m² | 1 · 187 m² | 10.3 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.
Similar companies · same sector, comparable size
3PAS
BE 0849.465.226
Dendermonde · Eq €150,090
Elektriciteit Rosselle
BE 0805.811.662
Tielt · Eq €150,026
DE ROECK BENOIT
BE 0738.387.061
Quévy · Eq €149,912
ICU-Security
BE 0537.797.395
Niel · Eq €151,751
EXATECH
BE 0846.287.089
Vilvoorde · Eq €151,863
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 343 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
Founded20-06-2017
Fiscal year end31-03
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
43240Other construction installation
46140Agents in the wholesale of industrial machinery, ships and aircraft
Scores and ratios are computed by Checked and are not a credit decision.