THOMASUN
ActiveSummary
THOMASUN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,671 and a net result of €8,709. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 16% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+58
Solvency36▼-53
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.85 against 0.8 in 2024; short-term debt: 2.7% and cash: 1.2% of total assets), but 88.6% of the assets are financed with debt.
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. 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 →
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
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
11.4%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 16%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
on the day
2021
on the day
2020
on the day
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€48,671▼ 82.9%
2024 · €284,962
Total assets
€427,023▼ 4.8%
2024 · €448,638
Net result
€8,709
2024 · -€20,855
Working capital
€21,043
2024 · -€8,511
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
Line20212022202320242025
Operating result-€94,261▼ 137%€10,233€4,778▼ 53.3%-€23,948€8,884
Net result-€97,510below the sector's middle half▼ 122%€9,855within the sector's middle half€1,811below the sector's middle half▼ 81.6%-€20,855below the sector's middle half€8,709within the sector's middle half
Equity€294,151above the sector's middle half▼ 24.9%€304,006above the sector's middle half▲ 3.4%€305,817above the sector's middle half▲ 0.6%€284,962above the sector's middle half▼ 6.8%€48,671below the sector's middle half▼ 82.9%
Total assets€448,225within the sector's middle half▼ 15.9%€473,594within the sector's middle half▲ 5.7%€460,904within the sector's middle half▼ 2.7%€448,638within the sector's middle half▼ 2.7%€427,023within the sector's middle half▼ 4.8%
Debt€154,075▲ 9.0%€169,588▲ 10.1%€155,088▼ 8.6%€163,677▲ 5.5%€378,352▲ 131%
Working capital€914▼ 99.0%€24,584▲ 2,590%€8,769▼ 64.3%-€8,511€21,043
Solvency65.6%within the sector's middle half▼ 7.9pp64.2%within the sector's middle half▼ 1.4pp66.4%within the sector's middle half▲ 2.2pp63.5%within the sector's middle half▼ 2.8pp11.4%below the sector's middle half▼ 52.1pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,884 after a loss of €23,948 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,023
Fixed assets
€394,588 ▼ 4.6%
Current assets
€32,435 ▼ 7.2%
Equity and liabilities €427,023
Equity
€48,671 ▼ 82.9%
Debt
€378,352 ▲ 131%
Debt's share of the balance-sheet total rises from 36.5% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,650▲
2024 · -€10,094
Cash flow
€20,476▲
2024 · -€7,001
Current ratio
2.85▲
2024 · 0.80
Debt to equity
7.77▲
2024 · 0.57
ROE
17.9%▲
2024 · -7.3%
ROA
2.0%▲
2024 · -4.6%
Interest coverage
149.83▲
2024 · -19.55
Debt ≤ 1 year
€11,392▼
2024 · €43,447
Debt > 1 year
€366,959▲
2024 · €120,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,972 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,666 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,967 | €9,215 | €10,571 | €13,854 | €11,766 | ▼ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €61,693 | €952 | - | €7,668 | - | - |
| Other operating charges640/8 | €10,935 | €16,820 | €25,476 | €6,492 | €28,326 | ▲ 336% |
| Non-recurring operating charges66A | - | - | - | - | €4,606 | - |
| Gross operating margin9900 | -€7,666 | €37,220 | €40,825 | €4,066 | €53,582 | ▲ 1,218% |
| Operating profit (loss)9901 | -€94,261 | €10,233 | €4,778 | -€23,948 | €8,884 | ▲ 137% |
| Financial income75/76B | €2,250 | - | - | €3,659 | €26 | ▼ 99.3% |
| Recurring financial income75 | €2,250 | - | - | €3,659 | €26 | ▼ 99.3% |
| Non-recurring financial income76B | €2,250 | - | - | €3,659 | - | - |
| Financial charges65/66B | €5,499 | €378 | €2,839 | €566 | €201 | ▼ 64.6% |
| Recurring financial charges65 | €3,519 | €378 | €2,839 | €516 | €138 | ▼ 73.3% |
| Non-recurring financial charges66B | €1,980 | - | - | €50 | €63 | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | -€97,510 | €9,855 | €1,938 | -€20,855 | €8,709 | ▲ 142% |
| Income taxes67/77 | - | - | €128 | - | - | - |
| Profit (loss) for the period9904 | -€97,510 | €9,855 | €1,811 | -€20,855 | €8,709 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | -€97,510 | €9,855 | €1,811 | -€20,855 | €8,709 | ▲ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €448,225 | €473,594 | €460,904 | €448,638 | €427,023 | ▼ 4.8% |
| Fixed assets21/28 | €415,467 | €401,652 | €417,277 | €413,703 | €394,588 | ▼ 4.6% |
| Intangible fixed assets21 | €5,334 | - | - | - | - | - |
| Tangible fixed assets22/27 | €397,518 | €389,036 | €404,662 | €401,087 | €381,972 | ▼ 4.8% |
| Land and buildings22 | €387,608 | €382,010 | €376,412 | €370,814 | €365,216 | ▼ 1.5% |
| Plant, machinery and equipment23 | €8,418 | €5,968 | €27,951 | €23,524 | €16,756 | ▼ 28.8% |
| Furniture and vehicles24 | - | €543 | €299 | €6,749 | - | - |
| Other tangible fixed assets26 | €1,492 | €516 | - | - | - | - |
| Financial fixed assets28 | €12,616 | €12,616 | €12,616 | €12,616 | €12,616 | = |
| Current assets29/58 | €32,758 | €71,942 | €43,627 | €34,936 | €32,435 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €12,732 | €11,451 | €14,132 | €8,263 | €27,519 | ▲ 233% |
| Trade receivables40 | €2,688 | €375 | €2,990 | €960 | €21,109 | ▲ 2,099% |
| Other amounts receivable41 | €10,045 | €11,075 | €11,142 | €7,303 | €6,410 | ▼ 12.2% |
| Cash at bank and in hand54/58 | €7,502 | €37,969 | €7,835 | €2,662 | €4,916 | ▲ 84.7% |
| Deferred charges and accrued income490/1 | €12,524 | €22,522 | €21,660 | €24,010 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €448,225 | €473,594 | €460,904 | €448,638 | €427,023 | ▼ 4.8% |
| Equity10/15 | €294,151 | €304,006 | €305,817 | €284,962 | €48,671 | ▼ 82.9% |
| Contributions10/11 | €470,000 | €470,000 | €470,000 | €470,000 | €225,000 | ▼ 52.1% |
| Capital10 | €470,000 | €470,000 | €470,000 | €470,000 | €225,000 | ▼ 52.1% |
| Issued capital100 | €470,000 | €470,000 | €470,000 | €470,000 | €225,000 | ▼ 52.1% |
| Profit (loss) carried forward14 | -€175,849 | -€165,994 | -€164,183 | -€185,038 | -€176,329 | ▲ 4.7% |
| Amounts payable17/49 | €154,075 | €169,588 | €155,088 | €163,677 | €378,352 | ▲ 131% |
| Amounts payable after more than one year17 | €122,230 | €122,230 | €120,230 | €120,230 | €366,959 | ▲ 205% |
| Other amounts payable178/9 | €122,230 | €122,230 | €120,230 | €120,230 | €366,959 | ▲ 205% |
| Amounts payable within one year42/48 | €31,844 | €47,358 | €34,858 | €43,447 | €11,392 | ▼ 73.8% |
| Trade debts44 | €25,368 | €21,393 | €4,819 | €36,033 | €9,822 | ▼ 72.7% |
| Suppliers440/4 | €25,368 | €21,393 | €4,819 | €36,033 | €9,822 | ▼ 72.7% |
| Taxes, remuneration and social security45 | €511 | - | - | - | - | - |
| Taxes450/3 | €511 | - | - | - | - | - |
| Other amounts payable47/48 | €5,965 | €25,965 | €30,038 | €7,414 | €1,570 | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€97,510 | €9,855 | €1,811 | -€20,855 | €8,709 | ▲ 142% |
| + Depreciation and write-downs630 | €13,967 | €9,215 | €10,571 | €13,854 | €11,766 | ▼ 15.1% |
| Operating cash flow (approximation) | -€83,543 | €19,070 | €12,382 | -€7,001 | €20,476 | ▲ 392% |
| Investment in fixed assets (approximation) | - | €4,601 | -€26,197 | -€10,279 | €7,348 | ▲ 171% |
| Change in cash | - | €30,468 | -€30,135 | -€5,172 | €2,254 | ▲ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €8,709
Net result €8,709 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.85
Current ratio from 0.80 to 2.85; short-term debt falls from €43,447 to €11,392.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9,855
Net result €9,855 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€97,510
Net result drops to -€97,510, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 5.84
Current ratio from 0.90 to 5.84; short-term debt falls from €171,831 to €19,086.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Charleroi · 1 establishment unit since 2009
Ground area
1,763 m²
Building footprint
233 m²
Volume, LiDAR
2,558 m³
Parcel 52342B0493/00F000, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
THOMASUN
since 20092.179.218.034
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342B0493/00F000 | Wallonia | 1,763 m² | 1 · 233 m² | 13.2 m · 4 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
20%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
BENSEE
BE 1024.551.018
Sint-Gillis (bij-Brussel) · Eq €48,671
Professionals@work
BE 0786.955.456
Herentals · Eq €48,672
Coup de Foudre by Isabelle Michaud
BE 0736.673.230
Holsbeek · Eq €48,678
CAPTAX Conseil
BE 1010.993.485
Sint-Genesius-Rode · Eq €48,685
GW
BE 1003.418.082
Liège · Eq €48,687
Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 38,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876483486
Also
9925:BE0876483486
Registered
21-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.