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THOMITECH

Active
Private limited companyfounded 20197 yrs activeHuttegemstraat 17, 8700 Tielt, BelgiumKBO/BCE: BE 0719.721.588
Summary

THOMITECH has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €178,509 and a net result of €52,814. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability85▲+12
Solvency70▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.99 in 2023; short-term debt: 27% and cash: 12.5% of total assets), and 55% of the assets are financed with debt.
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Signals

Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 7 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
16 d early
2023
15 d early
2022
39 d early
2021
125 d early
2020
86 d early
2019
133 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
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 1 February 2019, THOMITECH was incorporated.1 In 2026 the registered office moved to Tielt.2 Total assets went from EUR 109,047 in 2019 to EUR 396,868 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-09-2026
  3. 3National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€178,509▼ 17.2%
2023 · €215,695
Total assets
€396,868▼ 1.9%
2023 · €404,480
Net result
€52,814▲ 280%
2023 · €13,882
Working capital
-€34,362▼ 8,304%
2023 · -€409
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€128,620▲ 44.7%€113,992▼ 11.4%€80,605▼ 29.3%€17,013▼ 78.9%€76,334▲ 349%
Net result€108,657▲ 57.7%€90,527▼ 16.7%€55,839▼ 38.3%€13,882▼ 75.1%€52,814▲ 280%
Equity€194,525▲ 124%€284,552▲ 46.3%€211,813▼ 25.6%€215,695▲ 1.8%€178,509▼ 17.2%
Total assets€445,122▲ 308%€589,628▲ 32.5%€503,066▼ 14.7%€404,480▼ 19.6%€396,868▼ 1.9%
Debt€250,596▲ 1,020%€305,076▲ 21.7%€291,252▼ 4.5%€188,785▼ 35.2%€218,359▲ 15.7%
Working capital€100,473▲ 25.9%€171,767▲ 71.0%€86,739▼ 49.5%-€409-€34,362▼ 8,304%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2020 Equity +124%, Total assets +308% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2020: €128,620€128,620Net result 2020: €108,657€108,657Operating result 2021: €113,992€113,992Net result 2021: €90,527€90,527Operating result 2022: €80,605€80,605Net result 2022: €55,839€55,839Operating result 2023: €17,013€17,013Net result 2023: €13,882€13,882Operating result 2024: €76,334€76,334Net result 2024: €52,814€52,81420202021202220232024€0€25,000€50,000€75,000Operating result 2022: €80,605€80,600Net result 2022: €55,839€55,800Operating result 2023: €17,013€17,000Net result 2023: €13,882€13,900Operating result 2024: €76,334€76,300Net result 2024: €52,814€52,800202220232024
The operating result recovers in 2024; 2024 is 349% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €396,868
Fixed assets €323,991 ▼ 3.3%
Current assets €72,878 ▲ 4.8%
Equity and liabilities €396,868
Equity €178,509 ▼ 17.2%
Debt €218,359 ▲ 15.7%
Debt's share of the balance-sheet total rises from 46.7% to 55.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€88,374▲
2023 · €29,086
Cash flow
€64,854▲
2023 · €25,955
Current ratio
0.68▼
2023 · 0.99
Debt to equity
1.22▲
2023 · 0.88
ROE
29.6%▲
2023 · 6.4%
ROA
13.3%▲
2023 · 3.4%
Interest coverage
9.20▼
2023 · 16.33
Debt ≤ 1 year
€107,239▲
2023 · €69,957
Debt > 1 year
€107,943▼
2023 · €118,828
Income taxes
€14,094▲
2023 · €3,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 26,964 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 · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€404,480€396,868▼
Fixed assets21/28€334,933€323,991▼
Tangible fixed assets22/27€334,933€323,991▼
Land and buildings22€325,192€316,150▼
Plant, machinery and equipment23€3,864€3,365▼
Furniture and vehicles24€5,876€4,476▼
Current assets29/58€69,548€72,878▲
Amounts receivable within one year40/41€20,181€21,220▲
Trade receivables40€17,844€19,029▲
Other amounts receivable41€2,336€2,191▼
Current investments50/53€0-
Cash at bank and in hand54/58€47,464€49,683▲
Deferred charges and accrued income490/1€1,903€1,975▲
Equity and liabilities
Total equity and liabilities10/49€404,480€396,868▼
Equity10/15€215,695€178,509▼
Contributions10/11€18,600€18,600=
Reserves13€197,095€159,909▼
Distributable reserves133€197,095€159,909▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€188,785€218,359▲
Amounts payable after more than one year17€118,828€107,943▼
Financial debts170/4€118,828€107,943▼
Amounts payable within one year42/48€69,957€107,239▲
Current portion of amounts payable after more than one year42€10,885€10,885=
Trade debts44€3,808€2,486▼
Suppliers440/4€3,808€2,486▼
Taxes, remuneration and social security45€4,602€4,350▼
Taxes450/3€4,602€4,350▼
Other amounts payable47/48€50,662€89,518▲
Accrued charges and deferred income492/3-€3,177
Income statement Code20232024
Non-recurring operating income76A-€1,815
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,073€12,040▼
Other operating charges640/8€17,296€2,220▼
Gross operating margin9900€46,382€90,594▲
Operating profit (loss)9901€17,013€76,334▲
Financial income75/76B€1,716€182▼
Recurring financial income75€1,716€182▼
Financial charges65/66B€1,782€9,608▲
Recurring financial charges65€1,782€9,608▲
Profit (loss) for the period before taxes9903€16,948€66,908▲
Income taxes67/77€3,066€14,094▲
Profit (loss) for the period9904€13,882€52,814▲
Profit (loss) for the period to be appropriated9905€13,882€52,814▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,882€52,814▲
Transfer from equity791/2€10,000€40,000▲
Transfer to equity691/2€13,882€2,814▼
To other reserves6921€13,882€2,814▼
Profit to be distributed694/7€10,000€90,000▲
Return on contributions (dividend)694€10,000€90,000▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€1,815-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,000€10,115€10,673€12,073€12,040▼ 0.3%
Other operating charges640/8--€2,072€17,296€2,220▼ 87.2%
Gross operating margin9900€139,536€125,228€93,350€46,382€90,594▲ 95.3%
Operating profit (loss)9901€128,620€113,992€80,605€17,013€76,334▲ 349%
Financial income75/76B--€2,385€1,716€182▼ 89.4%
Recurring financial income75€0€2,279€2,385€1,716€182▼ 89.4%
Financial charges65/66B--€11,372€1,782€9,608▲ 439%
Recurring financial charges65€3,856€4,769€11,372€1,782€9,608▲ 439%
Profit (loss) for the period before taxes9903€124,764€111,501€71,618€16,948€66,908▲ 295%
Income taxes67/77€16,107€20,975€15,779€3,066€14,094▲ 360%
Profit (loss) for the period9904€108,657€90,527€55,839€13,882€52,814▲ 280%
Profit (loss) for the period to be appropriated9905€108,657€90,527€55,839€13,882€52,814▲ 280%
Line20202021202220232024Change
Assets
Total assets20/58€445,122€589,628€503,066€404,480€396,868▼ 1.9%
Fixed assets21/28€287,624€349,590€343,547€334,933€323,991▼ 3.3%
Tangible fixed assets22/27€285,944€349,590€343,547€334,933€323,991▼ 3.3%
Land and buildings22--€334,234€325,192€316,150▼ 2.8%
Plant, machinery and equipment23--€4,364€3,864€3,365▼ 12.9%
Furniture and vehicles24--€4,949€5,876€4,476▼ 23.8%
Financial fixed assets28€1,680€0----
Current assets29/58€157,498€240,038€159,519€69,548€72,878▲ 4.8%
Amounts receivable within one year40/41€63,715€22,209€30,699€20,181€21,220▲ 5.1%
Trade receivables40--€30,395€17,844€19,029▲ 6.6%
Other amounts receivable41--€304€2,336€2,191▼ 6.2%
Current investments50/53€17,807€67,911€55,969€0--
Cash at bank and in hand54/58€73,370€137,461€65,728€47,464€49,683▲ 4.7%
Deferred charges and accrued income490/1--€7,123€1,903€1,975▲ 3.8%
Equity and liabilities
Total equity and liabilities10/49€445,122€589,628€503,066€404,480€396,868▼ 1.9%
Equity10/15€194,525€284,552€211,813€215,695€178,509▼ 17.2%
Contributions10/11--€18,600€18,600€18,600=
Reserves13€175,925€265,952€193,213€197,095€159,909▼ 18.9%
Distributable reserves133--€193,213€197,095€159,909▼ 18.9%
Profit (loss) carried forward14--€0€0€0-
Amounts payable17/49€250,596€305,076€291,252€188,785€218,359▲ 15.7%
Amounts payable after more than one year17€193,571€236,806€218,472€118,828€107,943▼ 9.2%
Financial debts170/4--€218,472€118,828€107,943▼ 9.2%
Amounts payable within one year42/48€57,025€68,270€72,780€69,957€107,239▲ 53.3%
Current portion of amounts payable after more than one year42--€18,333€10,885€10,885=
Trade debts44€1,577€5,895€2,436€3,808€2,486▼ 34.7%
Suppliers440/4--€2,436€3,808€2,486▼ 34.7%
Taxes, remuneration and social security45--€32,724€4,602€4,350▼ 5.5%
Taxes450/3--€32,724€4,602€4,350▼ 5.5%
Other amounts payable47/48--€19,287€50,662€89,518▲ 76.7%
Accrued charges and deferred income492/3----€3,177-
Line20202021202220232024Change
Profit (loss) for the period9904€108,657€90,527€55,839€13,882€52,814▲ 280%
+ Depreciation and write-downs630€10,000€10,115€10,673€12,073€12,040▼ 0.3%
Operating cash flow (approximation)€118,658€100,642€66,512€25,955€64,854▲ 150%
Investment in fixed assets (approximation)--€72,082-€4,630-€3,459-€1,098▲ 68.2%
Change in cash-€64,090-€71,733-€18,264€2,219▲ 112%

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

2026
10-09
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 07-09-2026
  • Registered-office move, Huttegemstraat 17, 8700 Tielt
2025
15-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €13,882 ▼75.1%
Net result drops to €13,882, the lowest in the series; recovery starts the following year.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Equity above €200,000Eq €284,552 ▲46.3%
3 profitable years in a row build equity to €284,552.
06-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2019net €108,657 ▲57.7%
Operating result €128,620, net result €108,657, both a record.
31-12
Financial Equity above €150,000Eq €194,525 ▲124%
2 profitable years in a row build equity to €194,525.
20-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
761 m²
Building footprint
160 m²
Volume, LiDAR
860 m³
Parcel 37303I0108/00C003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thomitech BVBA
Huttegemstraat 17, 8700 TieltComputer programming, consultancy and related activities
since 20192.284.872.216
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37303I0108/00C003 Flanders 761 m² 1 · 160 m² 10.1 m · 2 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 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,125 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
Founded01-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0719721588
Also 9925:BE0719721588
Registered 24-11-2023

Register as of 26 September 2026 · Peppol Directory

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