THOMAS DE WAELE
ActiveThe computed 12-month bankruptcy probability of THOMAS DE WAELE is 1.8% (moderate). The 2024 annual accounts show negative equity (€-1k) and a net result of €-6k. Equity is shrinking by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 9982 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▲+5
Solvency23▼-9
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.65 in 2023; short-term debt: 80.9% and cash: 3.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.2%
Return on assets
-11.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-1k
2023 · €5k
2018: €2k
2019: €32k
2020: €38k
2021: €43k
2022: €17k
2023: €5k
2018 → 2024
Total assets
€49k▼ 19.2%
2023 · €61k
2018: €8k
2019: €55k
2020: €96k
2021: €92k
2022: €74k
2023: €61k
2018 → 2024
Net result
€-6k▲ 54.4%
2023 · €-12k
2018: €-4k
2019: €30k
2020: €6k
2021: €5k
2022: €-26k
2023: €-12k
2018 → 2024
Working capital
€-11k▲ 19.3%
2023 · €-14k
2018: €2k
2019: €22k
2020: €-5k
2021: €4k
2022: €-12k
2023: €-14k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€43k▲ 12.9%€17k▼ 60.8%€5k▼ 73.1%€-1k
Operating result€10k-€7k▼ 27.8%€-24k€-12k▲ 52.1%€-5k▲ 55.5%
Net result€6k-€5k▼ 20.4%€-26k€-12k▲ 52.8%€-6k▲ 54.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2024 against €12k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€21k▼ 40.2%
Current assets
€28k▲ 8.9%
Key figures and ratios
EBITDA
€14k▲
2023 · €7k
Cash flow
€13k▲
2023 · €7k
Solvency
-2.2%▼
2023 · 7.4%
Current ratio
0.71▲
2023 · 0.65
Quick ratio
0.71▲
2023 · 0.65
Debt / equity
-46.76▼
2023 · 12.46
ROA
-11.4%▲
2023 · -20.2%
Interest coverage
32.29▲
2023 · 11.32
Debt
€50k▼
2023 · €57k
Debt ≤ 1 year
€40k▼
2023 · €40k
Debt > 1 year
€11k▼
2023 · €16k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€61k€49k▼
Fixed assets21/28€35k€21k▼
Tangible fixed assets22/27€35k€21k▼
Plant, machinery and equipment23€10k€5k▼
Furniture and vehicles24€3k€5k▲
Leasing and similar rights25€23k€12k▼
Current assets29/58€26k€28k▲
Amounts receivable within one year40/41€20k€27k▲
Trade receivables40€4k€11k▲
Other amounts receivable41€15k€16k▲
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€61k€49k▼
Equity10/15€5k€-1k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-2k€-7k▼
Amounts payable17/49€57k€50k▼
Amounts payable after more than one year17€16k€11k▼
Financial debts170/4€16k€11k▼
Amounts payable within one year42/48€40k€40k▼
Current portion of amounts payable after more than one year42€8k€6k▼
Trade debts44€9k€11k▲
Suppliers440/4€9k€11k▲
Other amounts payable47/48€23k€23k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▼
Other operating charges640/8€330€424▲
Gross operating margin9900€8k€14k▲
Operating profit (loss)9901€-12k€-5k▲
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€647€424▼
Recurring financial charges65€647€424▼
Profit (loss) for the period before taxes9903€-12k€-6k▲
Profit (loss) for the period9904€-12k€-6k▲
Profit (loss) for the period to be appropriated9905€-12k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-7k▼
Profit (loss) brought forward from the previous period14P€11k€-2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-26k ▼633%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Overijse · 1 establishment unit since 2017
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.
Schransdreef 1183090 OverijseGround area
1,552 m²
Building footprint
148 m²
Volume, LiDAR
798 m³
Parcel 23062N0044/00A029, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THOMAS DE WAELE
since 20172.273.488.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0044/00A029 | Flanders | 1,552 m² | 1 · 148 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
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ZARRAA CONSTRUCT
BE 1006.167.340
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BE 0798.142.031
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BRICO-SERVICES-HOME
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Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 6,076 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.