THOMAS ELECTRONICS
ActiveSummary
THOMAS ELECTRONICS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431k and a net result of €11k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 6.08 against 4.77 in 2024; short-term debt: 2.6% and cash: 6.5% of total assets), and 8.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
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
91.1%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
38 d early
2021
30 d late
2020
31 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€431k▲ 2.7%
2024 · €420k
2018: €225klowest in 8 years
2019: €246k▲ +9.7% vs 2018
2020: €294k▲ +19.3% vs 2019
2021: €336k▲ +14.4% vs 2020
2022: €390k▲ +16.0% vs 2021
2023: €414k▲ +6.1% vs 2022
2024: €420k▲ +1.5% vs 2023
2025: €431k▲ +2.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€474k▲ 0.4%
2024 · €472k
2018: €420k
2019: €419k▼ -0.2% vs 2018lowest in 8 years
2020: €462k▲ +10.3% vs 2019
2021: €484k▲ +4.7% vs 2020
2022: €485k▲ +0.1% vs 2021
2023: €497k▲ +2.6% vs 2022highest in 8 years
2024: €472k▼ -5.1% vs 2023
2025: €474k▲ +0.4% vs 2024
2018 → 2025
Net result
€11k▲ 82.4%
2024 · €6k
2018: €22k
2019: €22k▼ -3.0% vs 2018
2020: €48k▲ +119% vs 2019
2021: €42k▼ -10.7% vs 2020
2022: €54k▲ +27.1% vs 2021highest in 8 years
2023: €24k▼ -56.1% vs 2022
2024: €6k▼ -73.9% vs 2023lowest in 8 years
2025: €11k▲ +82.4% vs 2024
2018 → 2025
Working capital
€62k▲ 40.3%
2024 · €44k
2018: €-45klowest in 8 years
2019: €-12k▲ +73.2% vs 2018
2020: €44k▲ +458% vs 2019
2021: €16k▼ -64.0% vs 2020
2022: €29k▲ +82.0% vs 2021
2023: €68k▲ +138% vs 2022highest in 8 years
2024: €44k▼ -34.7% vs 2023
2025: €62k▲ +40.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€336k-€390k▲ 16.0%€414k▲ 6.1%€420k▲ 1.5%€431k▲ 2.7%
2021: €336klowest in 5 years
2022: €390k▲ +16.0% vs 2021
2023: €414k▲ +6.1% vs 2022
2024: €420k▲ +1.5% vs 2023
2025: €431k▲ +2.7% vs 2024highest in 5 years
Operating result€63k-€84k▲ 33.8%€37k▼ 56.6%€11k▼ 69.8%€20k▲ 77.1%
2021: €63k
2022: €84k▲ +33.8% vs 2021highest in 5 years
2023: €37k▼ -56.6% vs 2022
2024: €11k▼ -69.8% vs 2023lowest in 5 years
2025: €20k▲ +77.1% vs 2024
Net result€42k-€54k▲ 27.1%€24k▼ 56.1%€6k▼ 73.9%€11k▲ 82.4%
2021: €42k
2022: €54k▲ +27.1% vs 2021highest in 5 years
2023: €24k▼ -56.1% vs 2022
2024: €6k▼ -73.9% vs 2023lowest in 5 years
2025: €11k▲ +82.4% 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 recovers in 2025; 2025 is 77% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€399k ▼ 4.0%
Current assets
€74k ▲ 32.8%
Equity and liabilities €474k
Equity
€431k ▲ 2.7%
Debt
€42k ▼ 18.4%
Debt's share of the balance-sheet total falls from 11.0% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €30k
Cash flow
€31k▲
2024 · €25k
Current ratio
6.08▲
2024 · 4.77
Quick ratio
3.79▲
2024 · 2.29
Debt to equity
0.10▼
2024 · 0.12
ROE
2.6%▲
2024 · 1.5%
ROA
2.4%▲
2024 · 1.3%
Interest coverage
65.91▲
2024 · 34.93
Debt ≤ 1 year
€12k▲
2024 · €12k
Debt > 1 year
€30k▼
2024 · €40k
Income taxes
€8k▲
2024 · €4k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€472k€474k▲
Fixed assets21/28€416k€399k▼
Tangible fixed assets22/27€416k€399k▼
Land and buildings22€385k€372k▼
Plant, machinery and equipment23€31k€27k▼
Furniture and vehicles24€0-
Current assets29/58€56k€74k▲
Stocks and contracts in progress3€29k€28k▼
Stocks30/36€29k€28k▼
Amounts receivable within one year40/41€15k€12k▼
Trade receivables40€1k€9k▲
Other amounts receivable41€14k€4k▼
Cash at bank and in hand54/58€8k€31k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€472k€474k▲
Equity10/15€420k€431k▲
Contributions10/11€6k€6k=
Reserves13€241k€253k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€239k€251k▲
Profit (loss) carried forward14€173k€173k=
Amounts payable17/49€52k€42k▼
Amounts payable after more than one year17€40k€30k▼
Other amounts payable178/9€40k€30k▼
Amounts payable within one year42/48€12k€12k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€2k€651▼
Taxes450/3€2k€651▼
Other amounts payable47/48€6k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-573
Other operating charges640/8€5k€3k▼
Gross operating margin9900€35k€41k▲
Operating profit (loss)9901€11k€20k▲
Financial income75/76B€10€509▲
Recurring financial income75€10€509▲
Financial charges65/66B€856€589▼
Recurring financial charges65€856€589▼
Profit (loss) for the period before taxes9903€10k€19k▲
Income taxes67/77€4k€8k▲
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€179k€184k▲
Profit (loss) brought forward from the previous period14P€173k€173k=
Transfer to equity691/2€6k€11k▲
To other reserves6921€6k€11k▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | €19k | €19k | €19k | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €573 | - | €-573 | - |
| Other operating charges640/8 | €3k | €4k | €3k | €5k | €3k | ▼ 41.4% |
| Gross operating margin9900 | €80k | €105k | €59k | €35k | €41k | ▲ 17.3% |
| Operating profit (loss)9901 | €63k | €84k | €37k | €11k | €20k | ▲ 77.1% |
| Financial income75/76B | €179 | €188 | €1k | €10 | €509 | ▲ 4,891% |
| Recurring financial income75 | €179 | €188 | €1k | €10 | €509 | ▲ 4,891% |
| Financial charges65/66B | €3k | €4k | €2k | €856 | €589 | ▼ 31.2% |
| Recurring financial charges65 | €3k | €4k | €2k | €856 | €589 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | €61k | €81k | €36k | €10k | €19k | ▲ 91.0% |
| Income taxes67/77 | €18k | €27k | €12k | €4k | €8k | ▲ 104% |
| Profit (loss) for the period9904 | €42k | €54k | €24k | €6k | €11k | ▲ 82.4% |
| Profit (loss) for the period to be appropriated9905 | €42k | €54k | €24k | €6k | €11k | ▲ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484k | €485k | €497k | €472k | €474k | ▲ 0.4% |
| Fixed assets21/28 | €427k | €426k | €410k | €416k | €399k | ▼ 4.0% |
| Tangible fixed assets22/27 | €427k | €426k | €410k | €416k | €399k | ▼ 4.0% |
| Land and buildings22 | €379k | €384k | €374k | €385k | €372k | ▼ 3.3% |
| Plant, machinery and equipment23 | €47k | €42k | €36k | €31k | €27k | ▼ 12.1% |
| Furniture and vehicles24 | - | - | €0 | €0 | - | - |
| Current assets29/58 | €57k | €59k | €87k | €56k | €74k | ▲ 32.8% |
| Stocks and contracts in progress3 | €34k | €41k | €35k | €29k | €28k | ▼ 3.7% |
| Stocks30/36 | €34k | €41k | €35k | €29k | €28k | ▼ 3.7% |
| Amounts receivable within one year40/41 | €15k | €3k | €8k | €15k | €12k | ▼ 16.5% |
| Trade receivables40 | €15k | €3k | €5k | €1k | €9k | ▲ 668% |
| Other amounts receivable41 | €64 | - | €3k | €14k | €4k | ▼ 74.3% |
| Cash at bank and in hand54/58 | €6k | €15k | €41k | €8k | €31k | ▲ 284% |
| Deferred charges and accrued income490/1 | €2k | €241 | €3k | €4k | €3k | ▼ 22.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484k | €485k | €497k | €472k | €474k | ▲ 0.4% |
| Equity10/15 | €336k | €390k | €414k | €420k | €431k | ▲ 2.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €157k | €211k | €235k | €241k | €253k | ▲ 4.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €156k | €210k | €233k | €239k | €251k | ▲ 4.7% |
| Profit (loss) carried forward14 | €173k | €173k | €173k | €173k | €173k | = |
| Amounts payable17/49 | €148k | €94k | €83k | €52k | €42k | ▼ 18.4% |
| Amounts payable after more than one year17 | €106k | €64k | €64k | €40k | €30k | ▼ 25.0% |
| Other amounts payable178/9 | €106k | €64k | €64k | €40k | €30k | ▼ 25.0% |
| Amounts payable within one year42/48 | €42k | €30k | €19k | €12k | €12k | ▲ 4.2% |
| Trade debts44 | €19k | €1k | €3k | €4k | €6k | ▲ 61.1% |
| Suppliers440/4 | €19k | €1k | €3k | €4k | €6k | ▲ 61.1% |
| Taxes, remuneration and social security45 | €16k | €18k | €12k | €2k | €651 | ▼ 71.2% |
| Taxes450/3 | €16k | €18k | €12k | €2k | €651 | ▼ 71.2% |
| Other amounts payable47/48 | €7k | €11k | €4k | €6k | €6k | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €54k | €24k | €6k | €11k | ▲ 82.4% |
| + Depreciation and write-downs630 | €14k | €17k | €19k | €19k | €19k | ▲ 2.2% |
| Operating cash flow (approximation) | €56k | €71k | €42k | €25k | €31k | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | €-17k | €-3k | €-25k | €-3k | ▲ 88.9% |
| Change in cash | - | €9k | €26k | €-33k | €23k | ▲ 169% |
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
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼73.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.52
Current ratio from 1.94 to 4.52; short-term debt falls from €30k to €19k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €54k ▲27.1%
Operating result €84k, net result €54k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.70
Current ratio from 0.82 to 1.70; short-term debt falls from €67k to €62k.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Berlare · 1 establishment unit since 2006
Ground area
1,816 m²
Building footprint
362 m²
Volume, LiDAR
1,839 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THOMAS ELECTRONICS
since 20062.154.343.571
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017A0607/00E000 | Flanders | 987 m² | 1 · 190 m² | 8.0 m · 2 fl. |
| 42017A0609/00E000 | Flanders | 829 m² | 1 · 172 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 63 companies in sector 28295 we hold annual accounts for 55. 44 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
Founded31-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
27110Manufacture of electrical equipment
36000Water collection, treatment and supply
46140Agents in the wholesale of industrial machinery, ships and aircraft
Scores and ratios are computed by Checked and are not a credit decision.