THOMASECO
ActiveThe computed 12-month bankruptcy probability of THOMASECO is 3.5% (moderate). The 2025 annual accounts show equity of €52k and a net result of €3k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 27787 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+61
Solvency100▲+1
Growth79▲+11
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 38.47 against 3.07 in 2024; short-term debt: 2.2% and cash: 67.6% of total assets), and 2.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
97.8%
Return on assets
6.1%
Age of the figures
9 mo
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 02-05-2026, 90 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
90 d early
2024
95 d early
2023
96 d early
2022
104 d early
2021
117 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€88k▼ 7.3%
2024 · €95k
2021: €50k
2022: €105k
2023: €132k
2024: €95k
2021 → 2025
EBIT margin
5.6%▲ 11.0pp
2024 · -5.4%
2021: -4.3%
2022: 12.4%
2023: 37.0%
2024: -5.4%
2021 → 2025
Net result
€3k
2024 · €-6k
2021: €-2k
2022: €11k
2023: €40k
2024: €-6k
2021 → 2025
Working capital
€43k▲ 21.9%
2024 · €35k
2021: €3k
2022: €12k
2023: €42k
2024: €35k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€50k-€105k▲ 109%€132k▲ 25.9%€95k▼ 28.4%€88k▼ 7.3%
Equity€6k-€16k▲ 167%€54k▲ 243%€49k▼ 10.5%€52k▲ 6.6%
Operating result€-2k-€13k€49k▲ 276%€-5k€5k
Net result€-2k-€11k€40k▲ 284%€-6k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€9k▼ 33.3%
Current assets
€44k▼ 15.7%
Equity and liabilities €53k
Equity
€52k▲ 6.6%
Debt
€1k▼ 93.3%
The debt ratio falls from 26.1% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2024 · €-535
Cash flow
€8k▲
2024 · €-1k
Solvency
97.8%▲
2024 · 73.9%
Current ratio
38.47▲
2024 · 3.07
Quick ratio
38.47▲
2024 · 3.07
Debt / equity
0.02▼
2024 · 0.35
ROE
6.2%▲
2024 · -11.7%
ROA
6.1%▲
2024 · -8.7%
Interest coverage
101.70▲
2024 · -5.53
Debt
€1k▼
2024 · €17k
Debt ≤ 1 year
€1k▼
2024 · €17k
Income taxes
€2k▲
2024 · €707
Staff costs
€3k▼
2024 · €3k
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€66k€53k▼
Formation expenses20€249€0▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Furniture and vehicles24€13k€9k▼
Current assets29/58€53k€44k▼
Amounts receivable after more than one year29€368€363▼
Other amounts receivable291€368€363▼
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€3k€4k▲
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€42k€36k▼
Equity and liabilities
Total equity and liabilities10/49€66k€53k▼
Equity10/15€49k€52k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€44k€47k▲
Amounts payable17/49€17k€1k▼
Amounts payable within one year42/48€17k€1k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€2k€77▼
Suppliers440/4€2k€77▼
Taxes, remuneration and social security45€10k€1k▼
Taxes450/3€10k€1k▼
Income statement
Code20242025
Turnover70€95k€88k▼
Non-recurring operating income76A€0€0=
Goods, raw materials, services and sundry goods60/61€95k€75k▼
Remuneration, social security and pensions62€3k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€191€0▼
Gross operating margin9900€3k€13k▲
Operating profit (loss)9901€-5k€5k▲
Financial income75/76B€164€199▲
Recurring financial income75€164€199▲
Financial charges65/66B€97€93▼
Recurring financial charges65€97€93▼
Profit (loss) for the period before taxes9903€-5k€5k▲
Income taxes67/77€707€2k▲
Profit (loss) for the period9904€-6k€3k▲
Profit (loss) for the period to be appropriated9905€-6k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€47k▲
Profit (loss) brought forward from the previous period14P€49k€44k▼
The notes to these accounts (5 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
02-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 38.47
Current ratio from 3.07 to 38.47; short-term debt falls from €17k to €1k.
27-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k ▼114%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €40k ▲284%
Operating result €49k, net result €40k, both a record.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
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.
Henri Wafelaertsstraat 521060 Sint-Gillis (bij-Brussel)Ground area
138 m²
Building footprint
119 m²
Volume, LiDAR
1,972 m³
Parcel 21013B0372/00L002, Brussels · tallest building 19.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
THOMASECO
since 20202.309.575.344
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0372/00L002 | Brussels | 138 m² | 1 · 119 m² | 19.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2020
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43320Joinery installation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.thomaseco.be
E-mail:yannick@thomaseco.be