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THOMAS-SAN

Active
Private limited companyfounded 20214 yrs activeGordunakaai 14/001, 9000 Gent, BelgiumKBO/BCE: BE 0778.326.416
Summary

THOMAS-SAN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,377) and a net result of -€8,091. Equity is shrinking by ~91.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-22
Solvency0=
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€13,377
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 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
on the day
2024
158 d late
2023
523 d late
2022
889 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 393 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 6 July (3 of the last 4 filed years within 341 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 December 2021, THOMAS-SAN was incorporated as a Private limited company.1 Total assets went from EUR 15,067 in 2022 to EUR 10,544 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€13,377▼ 153%
2024 · -€5,287
Total assets
€210▼ 98.0%
2024 · €10,544
Net result
-€8,091▼ 1,150%
2024 · -€647
Working capital
-€13,377▼ 153%
2024 · -€5,287
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€7,948--€5,416-€604▲ 88.9%-€10,373▼ 1,619%
Net result-€4,185below the sector's middle half--€5,455below the sector's middle half▼ 30.4%-€647below the sector's middle half▲ 88.1%-€8,091below the sector's middle half▼ 1,150%
Equity€815below the sector's middle half--€4,640below the sector's middle half-€5,287below the sector's middle half▼ 13.9%-€13,377below the sector's middle half▼ 153%
Total assets€15,067below the sector's middle half-€9,969below the sector's middle half▼ 33.8%€10,544below the sector's middle half▲ 5.8%€210below the sector's middle half▼ 98.0%
Debt€14,252-€14,608▲ 2.5%€15,831▲ 8.4%€13,587▼ 14.2%
Working capital€815below the sector's middle half--€4,640below the sector's middle half-€5,287below the sector's middle half▼ 13.9%-€13,377below the sector's middle half▼ 153%
Solvency5.4%below the sector's middle half--46.5%below the sector's middle half▼ 52.0pp-50.1%below the sector's middle half▼ 3.6pp
Current ratio1.06within the sector's middle half-0.68below the sector's middle half▼ 0.370.67below the sector's middle half▼ 0.02
Return on assets (ROA)-27.8%below the sector's middle half--54.7%below the sector's middle half▼ 26.9pp-6.1%below the sector's middle half▲ 48.6pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0€5,000€10,000Operating result 2022: €7,948€7,948Net result 2022: -€4,185-€4,185Operating result 2023: -€5,416-€5,416Net result 2023: -€5,455-€5,455Operating result 2024: -€604-€604Net result 2024: -€647-€647Operating result 2025: -€10,373-€10,373Net result 2025: -€8,091-€8,0912022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€5,416-€5,420Net result 2023: -€5,455-€5,460Operating result 2024: -€604-€604Net result 2024: -€647-€647Operating result 2025: -€10,373-€10,400Net result 2025: -€8,091-€8,090202320242025
The operating result stays negative: a loss of €10,373 in 2025 against €604 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€13,587▼
2024 · €15,831
Income taxes
-€2,332
Ratios withheld: a balance sheet total of €210 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,638 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,544€210▼
Current assets29/58€10,544€210▼
Amounts receivable within one year40/41€10,522€0▼
Trade receivables40€0-
Other amounts receivable41€10,522€0▼
Cash at bank and in hand54/58€22€210▲
Equity and liabilities
Total equity and liabilities10/49€10,544€210▼
Equity10/15-€5,287-€13,377▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€10,287-€18,377▼
Amounts payable17/49€15,831€13,587▼
Amounts payable within one year42/48€15,831€13,587▼
Trade debts44€2,854€9,110▲
Suppliers440/4€2,854€9,110▲
Taxes, remuneration and social security45€12,977€0▼
Taxes450/3€12,977€0▼
Other amounts payable47/48-€4,478
Income statement Code20242025
Non-recurring operating income76A-€357
Other operating charges640/8-€404
Gross operating margin9900-€604-€9,968▼
Operating profit (loss)9901-€604-€10,373▼
Financial charges65/66B€44€50▲
Recurring financial charges65€44€50▲
Profit (loss) for the period before taxes9903-€647-€10,423▼
Income taxes67/77--€2,332
Profit (loss) for the period9904-€647-€8,091▼
Profit (loss) for the period to be appropriated9905-€647-€8,091▼
Appropriation of the result
Profit (loss) to be appropriated9906-€10,287-€18,377▼
Profit (loss) brought forward from the previous period14P-€9,640-€10,287▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A---€357-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€30,000----
Other operating charges640/8€107€1,834-€404-
Gross operating margin9900€38,055-€3,582-€604-€9,968▼ 1,552%
Operating profit (loss)9901€7,948-€5,416-€604-€10,373▼ 1,619%
Financial income75/76B€858----
Recurring financial income75€858----
Financial charges65/66B€239€39€44€50▲ 14.9%
Recurring financial charges65€239€39€44€50▲ 14.9%
Profit (loss) for the period before taxes9903€8,567-€5,455-€647-€10,423▼ 1,511%
Income taxes67/77€12,752---€2,332-
Profit (loss) for the period9904-€4,185-€5,455-€647-€8,091▼ 1,150%
Profit (loss) for the period to be appropriated9905-€4,185-€5,455-€647-€8,091▼ 1,150%
Line2022202320242025Change
Assets
Total assets20/58€15,067€9,969€10,544€210▼ 98.0%
Current assets29/58€15,067€9,969€10,544€210▼ 98.0%
Amounts receivable within one year40/41€12,960€9,903€10,522€0▼ 100%
Trade receivables40€0€0€0--
Other amounts receivable41€12,960€9,903€10,522€0▼ 100%
Cash at bank and in hand54/58€2,108€65€22€210▲ 857%
Equity and liabilities
Total equity and liabilities10/49€15,067€9,969€10,544€210▼ 98.0%
Equity10/15€815-€4,640-€5,287-€13,377▼ 153%
Contributions10/11€5,000€5,000€5,000€5,000=
Profit (loss) carried forward14-€4,185-€9,640-€10,287-€18,377▼ 78.7%
Amounts payable17/49€14,252€14,608€15,831€13,587▼ 14.2%
Amounts payable within one year42/48€14,252€14,608€15,831€13,587▼ 14.2%
Trade debts44€1,500€1,632€2,854€9,110▲ 219%
Suppliers440/4€1,500€1,632€2,854€9,110▲ 219%
Taxes, remuneration and social security45€12,752€12,977€12,977€0▼ 100%
Taxes450/3€12,752€12,977€12,977€0▼ 100%
Other amounts payable47/48---€4,478-
Line2022202320242025Change
Profit (loss) for the period9904-€4,185-€5,455-€647-€8,091▼ 1,150%
Operating cash flow (approximation)-€4,185-€5,455-€647-€8,091▼ 1,150%
Change in cash--€2,042-€44€188▲ 532%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
14-07
Bankruptcy Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Gent, afdeling Oudenaarde
19-05
Bankruptcy Judicial dissolution and immediate closure
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 07-05-2026
19-03
Bankruptcy Judicial dissolution and immediate closure
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 12-03-2026
18-03
Bankruptcy Judicial dissolution and immediate closure
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 12-03-2026
05-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 158 days late
05-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 523 days late
05-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 889 days late
2025
31-12
Financial Weakest financial yearnet -€8,091
Net result drops to -€8,091, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Gent · 1 establishment unit since 2026
seat establishment The establishment unit on the map
Ground area
325 m²
Building footprint
169 m²
Volume, LiDAR
1,387 m³
Parcel 44809I0794/00P010, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THOMAS-SAN
Gordunakaai 14/001, 9000 GentBusiness and other management consultancy
since 20262.393.564.971
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0794/00P010 Flanders 325 m² 1 · 169 m² 14.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 4,249 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
Founded07-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail thomashooft@gmail.com
Phone 0475424546
E-invoicing
Reachable via Peppol
Peppol ID 0208:0778326416
Registered 30-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.