Thomas Franks Belgium

Active

Private limited companyfounded 2024active for 2 yearsLouizalaan 523, 1050 Elsene, Belgium315 active companies are registered at this addressKBO/BCE: BE 1012.245.676

Summary

The computed 12-month bankruptcy probability of Thomas Franks Belgium is 8.0% (elevated). The 2025 annual accounts show negative equity (-€96,543) and a net result of -€97,543. Its solvency ranks better than 11% of 4,749 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

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Thomas Franks BelgiumActiveChecked score 31/100

Risk analysis Report Compare

Activity

Contract catering and other food service activities

NACE 56220

1 site

Size

€179,966total assets 2025

Staff: 3.9 FTE
Equity: -€96,543
Loss: -€97,543

Turnover not published (abbreviated format)

Financial health

31 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 8.0%

Structure

Board: 4 members

2025 accounts filed 32 days late

Why 31raises riskSector: Food and beverage service activities (NACE 56)Negative equity -€96,543Loss of €97,543 (financial year 2025)Last filed accounts filed 32 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025

31 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 11% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength

Weak

Solvency 0

equity -53.6% of total assets

Liquidity 18

short-term debt 153.6% · cash 14.5%

Profitability 0

return on assets -54.2%

Bankruptcy probability, 12 months

8.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,756 companies, NACE 56, micro)

Last 24 months 09-2025: 4.1%lowest value 10-2025: 4.2%▲ +0.1 percentage points vs 09-2025 11-2025: 4.2%● unchanged vs 10-2025 12-2025: 4.7%▲ +0.5 percentage points vs 11-2025 01-2026: 5.0%▲ +0.3 percentage points vs 12-2025 02-2026: 5.0%● unchanged vs 01-2026 03-2026: 5.5%▲ +0.5 percentage points vs 02-2026 04-2026: 5.5%● unchanged vs 03-2026 05-2026: 5.3%▼ -0.2 percentage points vs 04-2026 06-2026: 5.3%● unchanged vs 05-2026 07-2026: 6.7%▲ +1.4 percentage points vs 06-2026 08-2026: 6.8%▲ +0.1 percentage points vs 07-2026 09-2026: 6.9%▲ +0.1 percentage points vs 08-2026 10-2026: 8.0%▲ +1.1 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.65, below 1; short-term debt: 153.6% and cash: 14.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 9% on solvency, 15% on liquidity and 8% on profitability.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

raises risk

Sector: Food and beverage service activities (NACE 56)

KBO

Negative equity -€96,543

NBB · annual accounts

Loss of €97,543 (financial year 2025)

NBB · annual accounts

Last filed accounts filed 32 days late; 1 of the last 3 late

NBB · filings

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Young company

Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.

KBO · incorporation date

Age against the risk zone

2025 accounts filed 32 days late

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-06-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 1 filing

Deviation from the deadline

2025

32 days late

← before the deadline after the deadline →

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since incorporation in 2024.

KBO publications · our coverage

01-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
08-04-2026 Resignations: Jonathan Grima (director) and Lorraine…Appointments: Blain Shepherd, George Little…
08-08-2024 IncorporationAppointments: WRIGHT Lorraine, BOTHWELL Francis…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€96,543 View
Caution: Among the weakest 5% on net resultsector median €10,495 · 4,744 companies -€97,543 View
Board changedlatest change 18-02-2026 · 4 in office 3 joined · 2 left View

By topic

Financials

Financial year: 2025
Total assets: €179,966
Loss: -€97,543
Solvency: -53.6%

Go to Financials

Board & ownership

Board: 4 members

BOTHWELL FrancisDirector
Blain ShepherdDirector
Damian SidorowiczDirector
George LittleDirector

Go to Board & ownership

Timeline

Events: 3
Since: 2024

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Contract catering and other food service activitiesNACE 56220
Founded: 06-08-2024
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 15

Who signs: Each director alone
Annual meeting: 30 March at 11:00
Purpose: “La prestation de services de restauration,traiteur et d'hospitalité pour des tiers public…” (deed in French)

Go to Articles of association

Key facts about Thomas Franks Belgium

What is the company number of Thomas Franks Belgium?: 1012.245.676. In Belgium the VAT number is the company number with BE in front: BE 1012.245.676.
Where is Thomas Franks Belgium based?: The registered office is at Louizalaan 523, 1050 Elsene.Company details
What does Thomas Franks Belgium do?: According to the KBO register, the main activity is contract catering and other food service activities (NACE 56220).
What is the legal form of Thomas Franks Belgium?: Private limited company (BV).
When was Thomas Franks Belgium founded?: On 06-08-2024.
Is Thomas Franks Belgium still active?: Yes, Thomas Franks Belgium is an active enterprise in the KBO register.
How many employees does Thomas Franks Belgium have?: On average 3.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Thomas Franks Belgium?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Thomas Franks Belgium profitable?: In financial year 2025, Thomas Franks Belgium made a loss of €97,543.
Where can I find the annual accounts of Thomas Franks Belgium?: Thomas Franks Belgium filed 1 annual account with the National Bank of Belgium, for financial year 2025.