THOMAS PIETERS MANAGEMENT
ActiveTHOMAS PIETERS MANAGEMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €290k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 677 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+3
Solvency35▲+4
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
short-term debt: 0.3% and cash: 6.4% of total assets, and 89.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
10.1%
Return on assets
2.7%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 677 sector peers (2025).
NBB · sector comparisonPosition among 677 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.06M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
2025
28 d late
2024
27 d late
2023
61 d late
2022
3 d early
2021
29 d late
2020
52 d late
2019
119 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.06M▲ 37.6%
2024 · €771k
2018: €1.01M
2019: €1.42M
2020: €1.33M
2021: €1.30M
2022: €1.45M
2023: €778k
2024: €771k
2018 → 2025
Total assets
€10.55M▼ 12.2%
2024 · €12.01M
2018: €1.55M
2019: €1.91M
2020: €1.68M
2021: €1.72M
2022: €1.78M
2023: €8.33M
2024: €12.01M
2018 → 2025
Net result
€290k
2024 · €-7k
2018: €475k
2019: €409k
2020: €-95k
2021: €-24k
2022: €148k
2023: €-673k
2024: €-7k
2018 → 2025
Working capital
€7.79M
2024 · €-1.46M
2018: €337k
2019: €850k
2020: €760k
2021: €722k
2022: €876k
2023: €26k
2024: €-1.46M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.30M-€1.45M▲ 11.4%€778k▼ 46.4%€771k▼ 0.9%€1.06M▲ 37.6%
Operating result€45k-€244k▲ 444%€-657k€276k€451k▲ 63.6%
Net result€-24k-€148k€-673k€-7k▲ 98.9%€290k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.55M
Fixed assets
€2.72M▲ 12.1%
Current assets
€7.83M▼ 18.3%
Equity and liabilities €10.55M
Equity
€1.06M▲ 37.6%
Debt
€9.49M▼ 15.6%
The debt ratio falls from 93.6% to 89.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€539k▲
2024 · €369k
Cash flow
€378k▲
2024 · €86k
Solvency
10.1%▲
2024 · 6.4%
Debt / equity
8.95▼
2024 · 14.58
ROE
27.3%▲
2024 · -0.9%
ROA
2.7%▲
2024 · -0.1%
Interest coverage
28.13▲
2024 · 8.81
Debt
€9.49M▼
2024 · €11.24M
Debt ≤ 1 year
€36k▼
2024 · €11.04M
Debt > 1 year
€9.45M▲
2024 · €195k
Income taxes
€145k▼
2024 · €147k
Staff costs
€-81▼
2024 · €22k
A ratio outside any meaningful range has been withheld (balance sheet total €10.55M, equity €1.06M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.01M€10.55M▼
Fixed assets21/28€2.43M€2.72M▲
Tangible fixed assets22/27€854k€832k▼
Land and buildings22€488k€441k▼
Plant, machinery and equipment23€12k€55k▲
Furniture and vehicles24€244k€215k▼
Other tangible fixed assets26€110k€121k▲
Financial fixed assets28€1.57M€1.89M▲
Current assets29/58€9.58M€7.83M▼
Amounts receivable within one year40/41€7.41M€6.04M▼
Trade receivables40€30k€2k▼
Other amounts receivable41€7.38M€6.04M▼
Current investments50/53€590k€847k▲
Cash at bank and in hand54/58€1.32M€675k▼
Deferred charges and accrued income490/1€266k€264k▼
Equity and liabilities
Total equity and liabilities10/49€12.01M€10.55M▼
Equity10/15€771k€1.06M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€750k€1.04M▲
Amounts payable17/49€11.24M€9.49M▼
Amounts payable after more than one year17€195k€9.45M▲
Financial debts170/4€195k€172k▼
Other amounts payable178/9-€9.28M
Amounts payable within one year42/48€11.04M€36k▼
Current portion of amounts payable after more than one year42€21k€20k▼
Trade debts44€38k€16k▼
Suppliers440/4€38k€16k▼
Taxes, remuneration and social security45€1k€267▼
Taxes450/3€1k€267▼
Other amounts payable47/48€10.98M-
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Non-recurring operating income76A€31k-
Remuneration, social security and pensions62€22k€-81▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€88k▼
Other operating charges640/8€17k€4k▼
Gross operating margin9900€408k€543k▲
Operating profit (loss)9901€276k€451k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€140k€19k▼
Recurring financial charges65€42k€19k▼
Non-recurring financial charges66B€98k-
Profit (loss) for the period before taxes9903€140k€435k▲
Income taxes67/77€147k€145k▼
Profit (loss) for the period9904€-7k€290k▲
Profit (loss) for the period to be appropriated9905€-7k€290k▲
Appropriation of the result
Profit (loss) to be appropriated9906€750k€1.04M▲
Profit (loss) brought forward from the previous period14P€757k€750k▼
Social balance
Average headcount (FTE)90870.2-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €290k
Net result €290k after 2 loss-making years.
31-12
Financial
Liquidity times 251current ratio 217.67
Current ratio from 0.87 to 217.67; short-term debt falls from €11.04M to €36k.
31-12
Financial
Equity above €1MEq €1.06M ▲37.6%
Equity rises from €771k to €1.06M.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-673k ▼555%
Net result drops to €-673k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €148k
Net result €148k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 13.23
Current ratio from 5.70 to 13.23; short-term debt falls from €153k to €72k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 11.68
Current ratio from 5.73 to 11.68; short-term debt falls from €180k to €71k.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.73
Current ratio from 2.45 to 5.73; short-term debt falls from €233k to €180k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 2 establishment units since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jonghelinckstraat 192018 AntwerpenGround area
3,299 m²
Building footprint
762 m²
Volume, LiDAR
9,383 m³
2 parcels, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Thomas Pieters Management
since 20132.221.209.136
Thomas Pieters Management
since 20172.260.736.438
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1757/00W003 | Flanders | 3,015 m² | 1 · 656 m² | 18.1 m · 5 fl. |
| 11810K1898/00X003 | Flanders | 284 m² | 1 · 107 m² | 15.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 13,490 companies in sector 85510 we hold annual accounts for 718. 143 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2013
Fiscal year end31-12
Abbreviation NL
TPM
Activities, NACEBEL
85510Sports and recreation education
85699Other educational support services
93192Activities of independent sportspeople
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.