THOPLING
ActiveSummary
THOPLING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57,893 and a net result of €25,832. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 20% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+3
Solvency45▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 1.06 in 2023; short-term debt: 30.4% and cash: 20.9% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.5%
Return on assets
9.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 20%
← weakest
strongest →
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 10-07-2025, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
21 d late
2022
28 d early
2021
25 d early
2020
15 d early
2019
38 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 18 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€57,893▲ 1.5%
2023 · €57,061
Total assets
€283,048▼ 7.8%
2023 · €306,899
Net result
€25,832▲ 35.1%
2023 · €19,126
Working capital
-€11,124
2023 · €4,996
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-€3,928▲ 1.9%€7,715€54,386▲ 605%€26,711▼ 50.9%€40,601▲ 52.0%
Net result-€4,640▼ 0.5%€5,374€40,234▲ 649%€19,126▼ 52.5%€25,832▲ 35.1%
Equity€17,677▼ 20.8%€23,051▲ 30.4%€37,935▲ 64.6%€57,061▲ 50.4%€57,893▲ 1.5%
Total assets€108,778▲ 34.4%€103,886▼ 4.5%€126,902▲ 22.2%€306,899▲ 142%€283,048▼ 7.8%
Debt€91,101▲ 55.5%€80,835▼ 11.3%€88,967▲ 10.1%€249,838▲ 181%€225,154▼ 9.9%
Working capital-€21,912▼ 556%€3,474€20,823▲ 499%€4,996▼ 76.0%-€11,124
Staff (FTE)1.11▼ 9.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 52% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €283,048
Fixed assets
€208,215 ▼ 1.5%
Current assets
€74,833 ▼ 21.6%
Equity and liabilities €283,048
Equity
€57,893 ▲ 1.5%
Debt
€225,154 ▼ 9.9%
Debt's share of the balance-sheet total falls from 81.4% to 79.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,269▲
2023 · €52,749
Cash flow
€67,500▲
2023 · €45,164
Current ratio
0.87▼
2023 · 1.06
Debt to equity
3.89▼
2023 · 4.38
ROE
44.6%▲
2023 · 33.5%
ROA
9.1%▲
2023 · 6.2%
Interest coverage
9.54▼
2023 · 12.78
Debt ≤ 1 year
€85,956▼
2023 · €90,493
Debt > 1 year
€135,776▼
2023 · €156,187
Income taxes
€6,244▲
2023 · €3,457
Staff costs
€34,815▲
2023 · €31,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,703 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €826 | €3,996 | ▲ 384% |
| Remuneration, social security and pensions62 | - | - | - | €31,197 | €34,815 | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,745 | €20,169 | €17,086 | €26,038 | €41,668 | ▲ 60.0% |
| Other operating charges640/8 | - | €2,463 | €1,715 | €1,505 | €1,713 | ▲ 13.8% |
| Non-recurring operating charges66A | - | - | - | - | €6,173 | - |
| Gross operating margin9900 | €15,813 | €30,346 | €73,187 | €85,451 | €124,970 | ▲ 46.2% |
| Operating profit (loss)9901 | -€3,928 | €7,715 | €54,386 | €26,711 | €40,601 | ▲ 52.0% |
| Financial income75/76B | - | €0 | - | €0 | €94 | ▲ 938,000% |
| Recurring financial income75 | €15 | €0 | - | €0 | €94 | ▲ 938,000% |
| Financial charges65/66B | - | €1,589 | €1,196 | €4,128 | €8,619 | ▲ 109% |
| Recurring financial charges65 | €529 | €1,589 | €1,196 | €4,128 | €8,619 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | -€4,443 | €6,126 | €53,190 | €22,583 | €32,076 | ▲ 42.0% |
| Income taxes67/77 | €197 | €752 | €12,956 | €3,457 | €6,244 | ▲ 80.6% |
| Profit (loss) for the period9904 | -€4,640 | €5,374 | €40,234 | €19,126 | €25,832 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | -€4,640 | €5,374 | €40,234 | €19,126 | €25,832 | ▲ 35.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,778 | €103,886 | €126,902 | €306,899 | €283,048 | ▼ 7.8% |
| Fixed assets21/28 | €66,373 | €50,200 | €34,953 | €211,410 | €208,215 | ▼ 1.5% |
| Intangible fixed assets21 | €0 | - | €690 | €618 | €546 | ▼ 11.7% |
| Tangible fixed assets22/27 | €66,372 | €50,200 | €34,263 | €210,793 | €207,669 | ▼ 1.5% |
| Land and buildings22 | - | €9,657 | €8,278 | €6,898 | €5,518 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €25,979 | €15,105 | €118,790 | €117,149 | ▼ 1.4% |
| Furniture and vehicles24 | - | €14,563 | €10,880 | €85,105 | €85,002 | ▼ 0.1% |
| Current assets29/58 | €42,405 | €53,686 | €91,950 | €95,488 | €74,833 | ▼ 21.6% |
| Amounts receivable within one year40/41 | €16,330 | €16,710 | €21,696 | €46,041 | €10,652 | ▼ 76.9% |
| Trade receivables40 | - | €16,455 | €21,694 | €28,017 | €6,860 | ▼ 75.5% |
| Other amounts receivable41 | - | €255 | €2 | €18,024 | €3,792 | ▼ 79.0% |
| Current investments50/53 | €15,000 | €15,000 | €20,000 | €14,896 | - | - |
| Cash at bank and in hand54/58 | €7,497 | €14,014 | €42,580 | €27,523 | €59,039 | ▲ 115% |
| Deferred charges and accrued income490/1 | - | €7,963 | €7,673 | €7,028 | €5,142 | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,778 | €103,886 | €126,902 | €306,899 | €283,048 | ▼ 7.8% |
| Equity10/15 | €17,677 | €23,051 | €37,935 | €57,061 | €57,893 | ▲ 1.5% |
| Contributions10/11 | - | €13,950 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,727 | €9,101 | €19,335 | €38,461 | €39,293 | ▲ 2.2% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €7,241 | €19,335 | €38,461 | €39,293 | ▲ 2.2% |
| Amounts payable17/49 | €91,101 | €80,835 | €88,967 | €249,838 | €225,154 | ▼ 9.9% |
| Amounts payable after more than one year17 | €25,209 | €28,305 | €15,630 | €156,187 | €135,776 | ▼ 13.1% |
| Financial debts170/4 | - | €28,305 | €15,630 | €156,187 | €135,776 | ▼ 13.1% |
| Amounts payable within one year42/48 | €64,317 | €50,212 | €71,126 | €90,493 | €85,956 | ▼ 5.0% |
| Current portion of amounts payable after more than one year42 | - | €22,394 | €12,675 | €38,204 | €37,718 | ▼ 1.3% |
| Financial debts43 | - | €99 | €156 | €233 | - | - |
| Credit institutions430/8 | - | €99 | €156 | €233 | - | - |
| Trade debts44 | €30,880 | €737 | €1,265 | €1,301 | €580 | ▼ 55.4% |
| Suppliers440/4 | - | €737 | €1,265 | €1,301 | €580 | ▼ 55.4% |
| Taxes, remuneration and social security45 | - | €7,222 | €15,816 | €23,458 | €14,808 | ▼ 36.9% |
| Taxes450/3 | - | €7,222 | €15,816 | €19,115 | €12,843 | ▼ 32.8% |
| Remuneration and social security454/9 | - | - | - | €4,343 | €1,965 | ▼ 54.8% |
| Other amounts payable47/48 | - | €19,761 | €41,214 | €27,296 | €32,850 | ▲ 20.3% |
| Accrued charges and deferred income492/3 | - | €2,317 | €2,210 | €3,158 | €3,422 | ▲ 8.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,640 | €5,374 | €40,234 | €19,126 | €25,832 | ▲ 35.1% |
| + Depreciation and write-downs630 | €14,745 | €20,169 | €17,086 | €26,038 | €41,668 | ▲ 60.0% |
| Operating cash flow (approximation) | €10,105 | €25,543 | €57,320 | €45,164 | €67,500 | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | -€3,996 | -€1,839 | -€202,496 | -€38,472 | ▲ 81.0% |
| Change in cash | - | €6,517 | €28,567 | -€15,057 | €31,516 | ▲ 309% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €40,234 ▲649%
Operating result €54,386, net result €40,234, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,374
Net result €5,374 after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€4,640
Net result drops to -€4,640, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zottegem · 1 establishment unit since 2017
Ground area
469 m²
Building footprint
85 m²
Volume, LiDAR
550 m³
Parcel 41035A0404/00V000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thopling
since 20172.267.088.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41035A0404/00V000 | Flanders | 469 m² | 1 · 85 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 1,660 EUR awarded · 1,660 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,061 EUR | 1,061 EUR |
| 2024 | 1 | 50 EUR | 50 EUR |
| 2023 | 1 | 549 EUR | 549 EUR |
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BAVAN
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Of 1,759 companies in sector 71122 we hold annual accounts for 771. 655 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
Founded17-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
74301Translation services
Contact
E-mail
tim@thopo.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679846769
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.