Thomas Faes
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 74% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €551 | €1,124 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551 | €1,124 | ▲ 104% |
| Other operating charges640/8 | €493 | €364 | ▼ 26.2% |
| Gross operating margin9900 | €17,638 | €5,802 | ▼ 67.1% |
| Operating profit (loss)9901 | €16,595 | €4,315 | ▼ 74.0% |
| Financial charges65/66B | €38 | €3,072 | ▲ 82× |
| Recurring financial charges65 | €38 | €3,072 | ▲ 82× |
| Profit (loss) for the period before taxes9903 | €16,557 | €1,242 | ▼ 92.5% |
| Income taxes67/77 | €4,516 | €873 | ▼ 80.7% |
| Profit (loss) for the period9904 | €12,042 | €370 | ▼ 96.9% |
| Profit (loss) for the period to be appropriated9905 | €12,042 | €370 | ▼ 96.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26,340 | €21,451 | ▼ 18.6% |
| Formation expenses20 | €1,124 | €0 | ▼ 100% |
| Current assets29/58 | €25,216 | €21,451 | ▼ 14.9% |
| Amounts receivable within one year40/41 | €12,809 | €2,679 | ▼ 79.1% |
| Trade receivables40 | €12,809 | €2,183 | ▼ 83.0% |
| Other amounts receivable41 | - | €496 | - |
| Cash at bank and in hand54/58 | €12,408 | €18,121 | ▲ 46.0% |
| Deferred charges and accrued income490/1 | - | €651 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26,340 | €21,451 | ▼ 18.6% |
| Equity10/15 | €15,042 | €15,411 | ▲ 2.5% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €12,042 | €12,411 | ▲ 3.1% |
| Amounts payable17/49 | €11,299 | €6,040 | ▼ 46.5% |
| Amounts payable within one year42/48 | €11,299 | €6,040 | ▼ 46.5% |
| Trade debts44 | €140 | €5,167 | ▲ 37× |
| Suppliers440/4 | €140 | €5,167 | ▲ 37× |
| Taxes, remuneration and social security45 | €4,516 | €873 | ▼ 80.7% |
| Taxes450/3 | €4,516 | €873 | ▼ 80.7% |
| Other amounts payable47/48 | €6,643 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,042 | €370 | ▼ 96.9% |
| + Depreciation and write-downs630 | €551 | €1,124 | ▲ 104% |
| Operating cash flow (approximation) | €12,592 | €1,494 | ▼ 88.1% |
| Change in cash | - | €5,713 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as Thomas Faes has now. Two years later, 2.3% had gone bankrupt and 94.3% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thomas Faes itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for Thomas Faes. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.