THOMAS-DRINK
ActiveSummary
THOMAS-DRINK has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.86M and a net result of €640k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency93=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 3.05 in 2024; short-term debt: 31.9% and cash: 10.2% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.7%
Return on assets
8.9%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 09-10-2025, 39 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 · 10 filingsDeviation from the deadline
2026
not confirmed
2025
39 d late
2024
37 d late
2023
36 d late
2022
37 d late
2021
86 d late
2020
100 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€4.86M▲ 8.7%
2024 · €4.47M
Total assets
€7.17M▲ 9.6%
2024 · €6.55M
Net result
€640k▲ 9.7%
2024 · €583k
Working capital
€4.57M▲ 10.4%
2024 · €4.14M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€660k▼ 25.9%€175k▼ 73.5%€571k▲ 226%€737k▲ 29.0%€771k▲ 4.6%
Net result€568k▼ 17.6%€127k▼ 77.6%€481k▲ 279%€583k▲ 21.2%€640k▲ 9.7%
Equity€3.78M▲ 9.2%€3.90M▲ 3.4%€4.13M▲ 5.9%€4.47M▲ 8.1%€4.86M▲ 8.7%
Total assets€4.71M▼ 0.7%€5.02M▲ 6.5%€5.92M▲ 18.1%€6.55M▲ 10.5%€7.17M▲ 9.6%
Debt€934k▼ 27.4%€1.11M▲ 19.2%€1.79M▲ 60.6%€2.08M▲ 16.2%€2.32M▲ 11.4%
Working capital€3.50M▲ 10.7%€3.69M▲ 5.6%€3.86M▲ 4.5%€4.14M▲ 7.4%€4.57M▲ 10.4%
Staff (FTE)12▲ 1.7%10.2▼ 15.0%11.2▲ 9.8%10.8▼ 3.6%11.7▲ 8.3%
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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.17M
Fixed assets
€312k ▼ 17.5%
Current assets
€6.86M ▲ 11.2%
Equity and liabilities €7.17M
Equity
€4.86M ▲ 8.7%
Debt
€2.32M ▲ 11.4%
Debt's share of the balance-sheet total rises from 31.8% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€933k▲
2024 · €803k
Cash flow
€803k▲
2024 · €649k
Current ratio
3.00▼
2024 · 3.05
Quick ratio
2.15▼
2024 · 2.29
Debt to equity
0.48▲
2024 · 0.47
ROE
13.2%▲
2024 · 13.0%
ROA
8.9%▲
2024 · 8.9%
Interest coverage
48.74▼
2024 · 75.35
Debt ≤ 1 year
€2.29M▲
2024 · €2.02M
Debt > 1 year
€30k▼
2024 · €56k
Income taxes
€145k▼
2024 · €146k
Staff costs
€663k▲
2024 · €615k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €75k | - | - | - |
| Remuneration, social security and pensions62 | - | €331k | €489k | €615k | €663k | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150k | €163k | €56k | €66k | €163k | ▲ 146% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €100k | €16k | €-28k | ▼ 276% |
| Other operating charges640/8 | - | €47k | €47k | €33k | €73k | ▲ 120% |
| Gross operating margin9900 | €1.48M | €717k | €1.26M | €1.47M | €1.64M | ▲ 11.8% |
| Operating profit (loss)9901 | €660k | €175k | €571k | €737k | €771k | ▲ 4.6% |
| Financial income75/76B | - | €3k | €10k | €3k | €33k | ▲ 1,054% |
| Recurring financial income75 | €660 | €3k | €10k | €3k | €33k | ▲ 1,054% |
| Financial charges65/66B | - | €10k | €10k | €11k | €19k | ▲ 79.7% |
| Recurring financial charges65 | €6k | €10k | €10k | €11k | €19k | ▲ 79.7% |
| Profit (loss) for the period before taxes9903 | €654k | €169k | €571k | €729k | €784k | ▲ 7.6% |
| Income taxes67/77 | €86k | €42k | €90k | €146k | €145k | ▼ 1.0% |
| Profit (loss) for the period9904 | €568k | €127k | €481k | €583k | €640k | ▲ 9.7% |
| Transfer from tax-exempt reserves789 | - | €56k | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €185k | - |
| Profit (loss) for the period to be appropriated9905 | €568k | €183k | €481k | €583k | €454k | ▼ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.71M | €5.02M | €5.92M | €6.55M | €7.17M | ▲ 9.6% |
| Fixed assets21/28 | €417k | €234k | €329k | €379k | €312k | ▼ 17.5% |
| Intangible fixed assets21 | €18k | €13k | €7k | €4k | €2k | ▼ 41.5% |
| Tangible fixed assets22/27 | €359k | €181k | €281k | €335k | €270k | ▼ 19.4% |
| Land and buildings22 | - | €7k | - | - | - | - |
| Plant, machinery and equipment23 | - | €153k | €184k | €219k | €175k | ▼ 19.8% |
| Furniture and vehicles24 | - | €9k | €84k | €100k | €66k | ▼ 33.9% |
| Other tangible fixed assets26 | - | €11k | €13k | €16k | €28k | ▲ 78.7% |
| Financial fixed assets28 | €40k | €40k | €40k | €40k | €40k | = |
| Current assets29/58 | €4.29M | €4.78M | €5.59M | €6.17M | €6.86M | ▲ 11.2% |
| Amounts receivable after more than one year29 | - | €155k | €155k | €404k | €404k | = |
| Other amounts receivable291 | - | €155k | €155k | €404k | €404k | = |
| Stocks and contracts in progress3 | €1.42M | €1.46M | €1.68M | €1.53M | €1.95M | ▲ 27.9% |
| Stocks30/36 | - | €1.46M | €1.68M | €1.53M | €1.95M | ▲ 27.9% |
| Amounts receivable within one year40/41 | €1.47M | €1.91M | €2.26M | €2.58M | €2.65M | ▲ 2.9% |
| Trade receivables40 | - | €900k | €1.14M | €1.28M | €1.27M | ▼ 0.6% |
| Other amounts receivable41 | - | €1.01M | €1.13M | €1.30M | €1.38M | ▲ 6.3% |
| Current investments50/53 | - | - | €250k | €250k | €1.10M | ▲ 341% |
| Cash at bank and in hand54/58 | €1.22M | €1.22M | €1.22M | €1.38M | €734k | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | €38k | €28k | €25k | €17k | ▼ 31.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.71M | €5.02M | €5.92M | €6.55M | €7.17M | ▲ 9.6% |
| Equity10/15 | €3.78M | €3.90M | €4.13M | €4.47M | €4.86M | ▲ 8.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3.06M | €3.81M | €4.06M | €4.40M | €4.79M | ▲ 9.0% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | - | - | - | €185k | - |
| Distributable reserves133 | - | €3.80M | €4.05M | €4.39M | €4.60M | ▲ 4.8% |
| Profit (loss) carried forward14 | €652k | €35k | €16k | €9k | €3k | ▼ 62.8% |
| Amounts payable17/49 | €934k | €1.11M | €1.79M | €2.08M | €2.32M | ▲ 11.4% |
| Amounts payable after more than one year17 | €138k | €25k | €54k | €56k | €30k | ▼ 46.4% |
| Financial debts170/4 | - | €25k | €54k | €56k | €30k | ▼ 46.4% |
| Amounts payable within one year42/48 | €796k | €1.09M | €1.73M | €2.02M | €2.29M | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €61k | €77k | €83k | €146k | ▲ 76.0% |
| Trade debts44 | €290k | €918k | €1.25M | €1.46M | €1.49M | ▲ 1.9% |
| Suppliers440/4 | - | €918k | €1.25M | €1.46M | €1.49M | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | €31k | €82k | €140k | €90k | ▼ 35.6% |
| Taxes450/3 | - | €4k | €20k | €64k | €5k | ▼ 91.5% |
| Remuneration and social security454/9 | - | €27k | €62k | €76k | €85k | ▲ 11.3% |
| Other amounts payable47/48 | - | €79k | €329k | €338k | €561k | ▲ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €568k | €127k | €481k | €583k | €640k | ▲ 9.7% |
| + Depreciation and write-downs630 | €150k | €163k | €56k | €66k | €163k | ▲ 146% |
| Operating cash flow (approximation) | €718k | €290k | €537k | €649k | €803k | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | €20k | €-151k | €-116k | €-96k | ▲ 17.0% |
| Change in cash | - | €-2k | €-2k | €166k | €-649k | ▼ 492% |
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
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 37 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 37 days late
31-01
Financial
Weakest financial yearnet €127k ▼77.6%
Net result drops to €127k, the lowest in the series; recovery starts the following year.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 86 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 100 days late
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-01
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Zoutleeuw · 1 establishment unit since 2020
Ground area
3,608 m²
Building footprint
36 m²
Volume, LiDAR
153 m³
Parcel 24130C0284/00V000, Flanders · tallest building 4.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THOMAS-DRINK
since 20202.309.223.768
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24130C0284/00V000 | Flanders | 3,608 m² | 1 · 36 m² | 4.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 8,117 EUR awarded · 8,117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 912 EUR | 912 EUR |
| 2022 | 1 | 7,205 EUR | 7,205 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZoutleeuw2.309.223.768
Legal Entity Identifier
5493001RQMVSYPXLKZ94
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SILVER SOLUTIONS
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AVR INVEST
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Of 417 companies in sector 47260 we hold annual accounts for 264. 33 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-12-1995
Fiscal year end31-01
Activities, NACEBEL 2025
47252Retail sale of beverages, general range
47260Retail trade
46331Wholesale trade
46350Wholesale trade
47271Retail trade
Scores and ratios are computed by Checked and are not a credit decision.