THONET Nicolas
ActiveThe computed 12-month bankruptcy probability of THONET Nicolas is 2.2% (moderate). The 2025 annual accounts show equity of €31k and a net result of €9k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 27711 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
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+2
Solvency74▲+26
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.25 in 2024; short-term debt: 44% and cash: 32.2% of total assets), but 50.6% 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
49.4%
Return on assets
14.6%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
50 d early
2024
64 d early
2023
33 d early
2022
61 d early
2021
60 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
Total assets
€64k▼ 58.1%
2024 · €152k
2021: €86k
2022: €110k
2023: €47k
2024: €152k
2021 → 2025
Net result
€9k▼ 51.5%
2024 · €19k
2021: €41k
2022: €7k
2023: €-11k
2024: €19k
2021 → 2025
Working capital
€26k▼ 11.7%
2024 · €29k
2021: €29k
2022: €33k
2023: €16k
2024: €29k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€44k-€44k▲ 0.6%€24k▼ 45.7%€35k▲ 44.3%€31k▼ 9.8%
Operating result€52k-€7k▼ 86.0%€-10k€23k€13k▼ 41.1%
Net result€41k-€7k▼ 82.4%€-11k€19k€9k▼ 51.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€10k▲ 58.7%
Current assets
€54k▼ 63.0%
Equity and liabilities €64k
Equity
€31k▼ 9.8%
Debt
€32k▼ 72.4%
The debt ratio falls from 77.0% to 50.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €30k
Cash flow
€17k▼
2024 · €26k
Solvency
49.4%▲
2024 · 23.0%
Current ratio
1.92▲
2024 · 1.25
Quick ratio
1.88▲
2024 · 1.06
Debt / equity
1.03▼
2024 · 3.36
ROE
29.6%▼
2024 · 55.0%
ROA
14.6%▲
2024 · 12.6%
Interest coverage
21.80▼
2024 · 42.26
Debt
€32k▼
2024 · €117k
Debt ≤ 1 year
€28k▼
2024 · €116k
Debt > 1 year
€4k▲
2024 · €788
Income taxes
€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€152k€64k▼
Formation expenses20€206€0▼
Fixed assets21/28€6k€10k▲
Tangible fixed assets22/27€6k€9k▲
Plant, machinery and equipment23-€6k
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€420€420=
Current assets29/58€145k€54k▼
Stocks and contracts in progress3€22k€1k▼
Stocks30/36€22k€1k▼
Amounts receivable within one year40/41€98k€31k▼
Trade receivables40€86k€24k▼
Other amounts receivable41€11k€6k▼
Cash at bank and in hand54/58€24k€20k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€152k€64k▼
Equity10/15€35k€31k▼
Contributions10/11€4k€4k=
Reserves13€30k€28k▼
Distributable reserves133€30k€28k▼
Profit (loss) carried forward14€1k€422▼
Amounts payable17/49€117k€32k▼
Amounts payable after more than one year17€788€4k▲
Financial debts170/4€788€4k▲
Amounts payable within one year42/48€116k€28k▼
Current portion of amounts payable after more than one year42€5k€2k▼
Trade debts44€71k€5k▼
Suppliers440/4€71k€5k▼
Advances received on contracts in progress46€28k€3k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€0€0=
Other amounts payable47/48€9k€13k▲
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€882€904▲
Gross operating margin9900€31k€22k▼
Operating profit (loss)9901€23k€13k▼
Financial income75/76B€77€143▲
Recurring financial income75€77€143▲
Financial charges65/66B€707€964▲
Recurring financial charges65€707€964▲
Profit (loss) for the period before taxes9903€22k€13k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€19k€9k▼
Profit (loss) for the period to be appropriated9905€19k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€11k▼
Profit (loss) brought forward from the previous period14P€6k€1k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€8k€13k▲
Return on contributions (dividend)694€8k€13k▲
The notes to these accounts (7 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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼258%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
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, Modave · 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.
Rue Elmer 134577 ModaveGround area
2,362 m²
Building footprint
214 m²
Volume, LiDAR
1,259 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THONET Nicolas
since 20202.304.965.468
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61058A0048/00W000 | Wallonia | 1,361 m² | 1 · 128 m² | 7.8 m · 2 fl. |
| 61023A0157/00Y000 | Wallonia | 1,001 m² | 1 · 86 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
M & C
BE 0430.514.110
Heusden-Zolder · Eq €31k
DE HOUTBOUWERS
BE 0758.594.240
Zoutleeuw · Eq €31k
HOUT-EN BOUWWERKEN MISSIAEN CHRIS
BE 0810.341.067
Wielsbeke · Eq €31k
THE INTERIOR LAB
BE 1020.384.669
Dendermonde · Eq €31k
INDELTO
BE 0657.936.350
Knokke-Heist · Eq €31k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,860 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43332Laying of wooden floor and wall coverings
43343Specialised construction activities
43990Other specialised construction activities
43992Specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:nicolas.thonet@gmail.com