Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 55.5% · 41,240 companies.
In July 2024, 7,654 companies had the same profile as THOMAS-SAN has now. Each dot stands for 20 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,654 companies, not a prediction for THOMAS-SAN. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| THOMAS-SAN Ghent | €210 | -€9,968 | -6371.7% | - |
| INFINITUM Edegem | €244 | -€458 | -920.4% | - |
| RHJL Uccle | €245 | -€1,129 | -691.9% | - |
| ACT Mgt Ghent | €330 | -€2,230 | -471.9% | - |
| Alta Overijse | €158 | -€8,220 | -21917.1% | - |
| D-JELO INVEST Wuustwezel | €263 | -€5,385 | -5255.0% | - |
| Crévolution Uccle | €130 | -€4,839 | -48437.0% | - |
These companies have the same main activity as THOMAS-SAN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €130 and €330, founded between 2020 and 2022.
THOMAS-SAN files the micro format. That format states no turnover. The gross margin fell from €38,055 in 2022 to -€9,968 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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