Thomas Hoogwerkers

Active

Private limited companyfounded 1968active for 58 yearsBrusselsesteenweg 142, 1785 Merchtem, BelgiumKBO/BCE: BE 0400.752.035

From the official registers: KBO 48 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Thomas Hoogwerkers is 5.2% (elevated). The 2024 annual accounts show equity of €410,331 and a net result of €131,614. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 14% of 8,965 sector peers (NACE 46, financial year 2024). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Thomas HoogwerkersActiveChecked score 38/100

Risk analysis Report Compare

Official details

KBO

Status: Active Normal situation
Legal form: Private limited company
Registered office: Brusselsesteenweg 142, 1785 Merchtem
Activity: Wholesale trade NACE 46713and 8 others
Establishment unit: 2.000.905.508 1785 Merchtem, since 01-05-1967
Financial year end: 31 December
Peppol: Reachable since 27-03-2026

Company details

Who decides

Board

MT Holding BVDirector
Edwin KronemeijerDirector
Michiel ThomasDirector

Shareholders

Board & ownership

How it is doing

38 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 5.2%

Annual accounts 2024

Gross margin: €777,677; ▲ 57.6%
Turnover: ≈ €4.0m; estimated
Profit: €131,614; ▲ 24.8%
Equity: €410,331; ▲ 47.2%
Total assets: €4.7m; ▲ 35.7%
Staff: 6.2 FTE; ▲ 40.9%

2025 accounts not filed, 93 days past the deadline

Filed on 29-08-2025PDF

Financials

Why 38raises riskFigures for financial year 2024 (filed 02-09-2025)Liquidity: current ratio 0.68, cash €5,682Equity €410,331 (8.7% of total assets)lowers riskFounded in 1968Show the evidence

Checked score

Score 2024

38 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 49% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 34+1

equity 8.7% of total assets

Liquidity 38-4

short-term debt 30.2% · cash 0.1%

Profitability 68+4

return on assets 2.8%

Bankruptcy probability, 12 months

5.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)

Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 2.3%▲ +0.5 percentage points vs 06-2025 08-2025: 3.3%▲ +1.0 percentage point vs 07-2025 09-2025: 3.9%▲ +0.6 percentage points vs 08-2025 10-2025: 1.2%▼ -2.7 percentage points vs 09-2025lowest value 11-2025: 1.2%● unchanged vs 10-2025lowest value 12-2025: 1.2%● unchanged vs 11-2025lowest value 01-2026: 1.2%● unchanged vs 12-2025lowest value 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 2.7%▲ +1.4 percentage points vs 07-2026 09-2026: 3.3%▲ +0.6 percentage points vs 08-2026 10-2026: 5.2%▲ +1.9 percentage points vs 09-2026highest value

Credit of up to €15,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity insufficient (current ratio 0.68, compared with 0.73 in 2023, below 1; short-term debt: 30.2% and cash: 0.1% of total assets), and 91.3% of the assets are financed with debt and provisions.

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 46, micro): better than 22% on solvency, 35% on liquidity, 50% on profitability and 87% on growth.

The bankruptcy probability was computed on 31-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.

lowers riskraises risk

Figures for financial year 2024 (filed 02-09-2025)

NBB · annual accounts

Liquidity: current ratio 0.68, cash €5,682

NBB · annual accounts

Equity €410,331 (8.7% of total assets)

NBB · annual accounts

Founded in 1968

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8965 sector peers (2024).

NBB · sector comparison

Position among 8965 sector peers

Solvency

better than 14%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

2024 accounts filed 29 days late

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. 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 · 10 filings

Deviation from the deadline

2025

not filed

2024

29 days late

2023

35 days early

2022

24 days early

2021

54 days late

2020

1 day early

2019

10 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Among the weakest 15% on solvencysector median 44.0% · 8,965 companies 8.7% View
Positive: Equity rose in 2024from €278,717 to €410,331 ▲ 47.2% View
Positive: 7 profitable years in a rowprofit 2024: €131,614 7 years View
Flemish supportawarded from 2023 to 2025 €349,209 View

Documents

Key facts about Thomas Hoogwerkers

What is the company number of Thomas Hoogwerkers?: 0400.752.035. In Belgium the VAT number is the company number with BE in front: BE 0400.752.035.
Where is Thomas Hoogwerkers based?: The registered office is at Brusselsesteenweg 142, 1785 Merchtem.Company details
What does Thomas Hoogwerkers do?: According to the KBO register, the main activity is wholesale trade (NACE 46713).
What is the legal form of Thomas Hoogwerkers?: Private limited company (BV).
When was Thomas Hoogwerkers founded?: On 01-01-1968.
Is Thomas Hoogwerkers still active?: Yes, Thomas Hoogwerkers is an active enterprise in the KBO register.
How many employees does Thomas Hoogwerkers have?: On average 6.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Thomas Hoogwerkers?: ≈ €4.0m in financial year 2024. Estimated from the gross margin of €777,677: probably between €2.5m and €6.7m, based on 141 comparable companies, NACE 46.
Is Thomas Hoogwerkers profitable?: In financial year 2024, Thomas Hoogwerkers made a profit of €131,614.
Where can I find the annual accounts of Thomas Hoogwerkers?: Thomas Hoogwerkers filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)