THOPERMAX
ActiveSummary
THOPERMAX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €294,835 and a net result of €7,993. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 45% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-9
Solvency78▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.36 in 2023; short-term debt: 40.6% and cash: 5.7% of total assets), and 46.6% of the assets are financed with debt.
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Signals
Five 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €294,835
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
26 d late
2022
61 d late
2021
31 d late
2020
31 d late
2019
111 d late
← 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 48 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€294,835▲ 2.8%
2023 · €286,842
Total assets
€552,145▼ 4.9%
2023 · €580,852
Net result
€7,993▼ 84.9%
2023 · €53,090
Working capital
-€118,536▲ 24.8%
2023 · -€157,666
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-€30,081▼ 74.7%-€19,474▲ 35.3%€4,437€57,742▲ 1,201%€22,745▼ 60.6%
Net result-€39,849▼ 42.5%-€25,525▲ 35.9%-€655▲ 97.4%€53,090€7,993▼ 84.9%
Equity€259,932▼ 15.5%€234,406▼ 9.8%€233,751▼ 0.3%€286,842▲ 22.7%€294,835▲ 2.8%
Total assets€573,685▼ 4.4%€531,089▼ 7.4%€585,616▲ 10.3%€580,852▼ 0.8%€552,145▼ 4.9%
Debt€313,754▲ 7.1%€296,683▼ 5.4%€351,864▲ 18.6%€294,011▼ 16.4%€257,310▼ 12.5%
Working capital-€158,259▼ 32.6%-€167,762▼ 6.0%-€199,789▼ 19.1%-€157,666▲ 21.1%-€118,536▲ 24.8%
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 2024; 2024 is 61% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €552,145
Fixed assets
€446,353 ▼ 9.4%
Current assets
€105,791 ▲ 20.1%
Equity and liabilities €552,145
Equity
€294,835 ▲ 2.8%
Debt
€257,310 ▼ 12.5%
Debt's share of the balance-sheet total falls from 50.6% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,261▼
2023 · €93,480
Cash flow
€49,509▼
2023 · €88,828
Current ratio
0.47▲
2023 · 0.36
Debt to equity
0.87▼
2023 · 1.02
ROE
2.7%▼
2023 · 18.5%
ROA
1.4%▼
2023 · 9.1%
Interest coverage
17.96▼
2023 · 22.53
Debt ≤ 1 year
€224,327▼
2023 · €245,718
Debt > 1 year
€32,773▼
2023 · €47,985
Income taxes
€11,175▲
2023 · €502
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
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 14,684 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,840 | €30,911 | €32,299 | €35,738 | €41,516 | ▲ 16.2% |
| Other operating charges640/8 | - | €3,566 | €3,855 | €4,632 | €4,816 | ▲ 4.0% |
| Non-recurring operating charges66A | - | €3,000 | - | - | €6,031 | - |
| Gross operating margin9900 | €4,966 | €18,002 | €40,592 | €98,112 | €75,109 | ▼ 23.4% |
| Operating profit (loss)9901 | -€30,081 | -€19,474 | €4,437 | €57,742 | €22,745 | ▼ 60.6% |
| Financial income75/76B | - | - | €2 | €0 | €1 | ▲ 284% |
| Recurring financial income75 | - | - | €2 | €0 | €1 | ▲ 284% |
| Financial charges65/66B | - | €5,862 | €4,800 | €4,150 | €3,579 | ▼ 13.8% |
| Recurring financial charges65 | €6,549 | €5,862 | €4,800 | €4,150 | €3,579 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | -€39,630 | -€25,337 | -€361 | €53,593 | €19,168 | ▼ 64.2% |
| Income taxes67/77 | €220 | €188 | €294 | €502 | €11,175 | ▲ 2,124% |
| Profit (loss) for the period9904 | -€39,849 | -€25,525 | -€655 | €53,090 | €7,993 | ▼ 84.9% |
| Profit (loss) for the period to be appropriated9905 | -€39,849 | -€25,525 | -€655 | €53,090 | €7,993 | ▼ 84.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €573,685 | €531,089 | €585,616 | €580,852 | €552,145 | ▼ 4.9% |
| Fixed assets21/28 | €510,515 | €479,604 | €496,874 | €492,800 | €446,353 | ▼ 9.4% |
| Tangible fixed assets22/27 | €509,925 | €479,014 | €496,284 | €492,210 | €445,763 | ▼ 9.4% |
| Land and buildings22 | - | €460,409 | €433,664 | €406,918 | €380,173 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | €17,475 | €18,526 | €41,288 | €36,013 | ▼ 12.8% |
| Furniture and vehicles24 | - | €1,129 | €25,699 | €27,610 | €15,182 | ▼ 45.0% |
| Other tangible fixed assets26 | - | - | €18,395 | €16,395 | €14,395 | ▼ 12.2% |
| Financial fixed assets28 | €590 | €590 | €590 | €590 | €590 | = |
| Current assets29/58 | €63,170 | €51,485 | €88,742 | €88,052 | €105,791 | ▲ 20.1% |
| Amounts receivable within one year40/41 | €2,794 | €2,401 | €52,575 | €32,034 | €71,584 | ▲ 123% |
| Trade receivables40 | - | €2,401 | €51,082 | €30,207 | €15,789 | ▼ 47.7% |
| Other amounts receivable41 | - | - | €1,493 | €1,828 | €55,795 | ▲ 2,953% |
| Cash at bank and in hand54/58 | €59,328 | €48,119 | €34,881 | €51,778 | €31,320 | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | €965 | €1,286 | €4,240 | €2,888 | ▼ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €573,685 | €531,089 | €585,616 | €580,852 | €552,145 | ▼ 4.9% |
| Equity10/15 | €259,932 | €234,406 | €233,751 | €286,842 | €294,835 | ▲ 2.8% |
| Contributions10/11 | - | €87,892 | €87,892 | €87,892 | €87,892 | = |
| Revaluation surpluses12 | - | €315,086 | €260,668 | €246,750 | €232,832 | ▼ 5.6% |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€158,824 | -€170,431 | -€116,668 | -€49,660 | -€27,749 | ▲ 44.1% |
| Amounts payable17/49 | €313,754 | €296,683 | €351,864 | €294,011 | €257,310 | ▼ 12.5% |
| Amounts payable after more than one year17 | €91,886 | €77,009 | €62,464 | €47,985 | €32,773 | ▼ 31.7% |
| Financial debts170/4 | - | €77,009 | €62,464 | €47,985 | €32,773 | ▼ 31.7% |
| Amounts payable within one year42/48 | €221,429 | €219,248 | €288,531 | €245,718 | €224,327 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | €15,941 | €15,664 | €15,653 | €16,446 | ▲ 5.1% |
| Trade debts44 | €11,681 | €8,589 | €36,113 | €16,696 | €15,276 | ▼ 8.5% |
| Suppliers440/4 | - | €8,589 | €36,113 | €16,696 | €15,276 | ▼ 8.5% |
| Advances received on contracts in progress46 | - | - | €10,092 | €1,062 | - | - |
| Taxes, remuneration and social security45 | - | €1,181 | €3,963 | €4,786 | €4,784 | ▼ 0.1% |
| Taxes450/3 | - | €1,181 | €3,963 | €4,786 | €4,784 | ▼ 0.1% |
| Other amounts payable47/48 | - | €193,537 | €222,699 | €207,520 | €187,822 | ▼ 9.5% |
| Accrued charges and deferred income492/3 | - | €425 | €870 | €308 | €210 | ▼ 31.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,849 | -€25,525 | -€655 | €53,090 | €7,993 | ▼ 84.9% |
| + Depreciation and write-downs630 | €30,840 | €30,911 | €32,299 | €35,738 | €41,516 | ▲ 16.2% |
| Operating cash flow (approximation) | -€9,009 | €5,386 | €31,644 | €88,828 | €49,509 | ▼ 44.3% |
| Investment in fixed assets (approximation) | - | €0 | -€49,569 | -€31,664 | €4,931 | ▲ 116% |
| Change in cash | - | -€11,209 | -€13,238 | €16,896 | -€20,458 | ▼ 221% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €53,090
Net result €53,090 after 5 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 86 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 316 days late
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 173 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gerpinnes · 1 establishment unit since 1997
Ground area
2,180 m²
Building footprint
251 m²
Parcel 52025A0341/00E011, Wallonia. Linked by address, not a title deed.
1 establishment unit
THOPERMAX
since 19972.083.152.796
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025A0341/00E011 | Wallonia | 2,180 m² | 1 · 251 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 38,236 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
Founded19-08-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461310224
Registered
08-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.