Thoreno
ActiveSummary
The computed 12-month bankruptcy probability of Thoreno is 2.8% (moderate). The 2024 annual accounts show equity of €26k and a net result of €8k. Its solvency ranks better than 44% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-15
Solvency66▼-2
Growth52
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.93 in 2023; short-term debt: 54.5% and cash: 41.4% of total assets), and 59% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
Specialised construction activities (NACE 43)
about 85% more 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
41%
Return on assets
12.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€26k▲ 45.2%
2023 · €18k
2023: €18k
2024: €26k▲ +45.2% vs 2023
2023 → 2024
Total assets
€63k▲ 54.0%
2023 · €41k
2023: €41k
2024: €63k▲ +54.0% vs 2023
2023 → 2024
Net result
€8k▼ 45.7%
2023 · €15k
2023: €15k
2024: €8k▼ -45.7% vs 2023
2023 → 2024
Working capital
€-1k
2023 · €18k
2023: €18k
2024: €-1k▼ -108% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€18k-€26k▲ 45.2%
2023: €18k
2024: €26k▲ +45.2% vs 2023
Operating result€21k-€13k▼ 41.2%
2023: €21k
2024: €13k▼ -41.2% vs 2023
Net result€15k-€8k▼ 45.7%
2023: €15k
2024: €8k▼ -45.7% vs 2023
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 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€30k ▲ 558%
Current assets
€33k ▼ 9.4%
Equity and liabilities €63k
Equity
€26k ▲ 45.2%
Debt
€37k ▲ 60.9%
Debt's share of the balance-sheet total rises from 56.5% to 59.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €22k
Cash flow
€21k▲
2023 · €15k
Current ratio
0.96▼
2023 · 1.93
Debt to equity
1.44▲
2023 · 1.30
ROE
31.1%▼
2023 · 83.2%
ROA
12.8%▼
2023 · 36.2%
Interest coverage
14.76▼
2023 · 51.07
Debt ≤ 1 year
€35k▲
2023 · €19k
Debt > 1 year
€2k▼
2023 · €3k
Income taxes
€3k▼
2023 · €6k
Staff costs
€49k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€41k€63k▲
Fixed assets21/28€5k€30k▲
Tangible fixed assets22/27€5k€30k▲
Plant, machinery and equipment23-€8k
Furniture and vehicles24€5k€22k▲
Current assets29/58€37k€33k▼
Amounts receivable within one year40/41€16k€7k▼
Trade receivables40€11k€6k▼
Other amounts receivable41€5k€514▼
Cash at bank and in hand54/58€21k€26k▲
Deferred charges and accrued income490/1-€86
Equity and liabilities
Total equity and liabilities10/49€41k€63k▲
Equity10/15€18k€26k▲
Contributions10/11€3k€3k=
Reserves13€15k€22k▲
Distributable reserves133€15k€22k▲
Profit (loss) carried forward14€48€535▲
Amounts payable17/49€23k€37k▲
Amounts payable after more than one year17€3k€2k▼
Financial debts170/4€3k€2k▼
Amounts payable within one year42/48€19k€35k▲
Current portion of amounts payable after more than one year42€2k€2k▲
Trade debts44€8k€12k▲
Suppliers440/4€8k€12k▲
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Remuneration and social security454/9-€744
Other amounts payable47/48-€13k
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20232024
Remuneration, social security and pensions62€9k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€397€13k▲
Other operating charges640/8€759€2k▲
Non-recurring operating charges66A-€547
Gross operating margin9900€31k€77k▲
Operating profit (loss)9901€21k€13k▼
Financial income75/76B€75€444▲
Recurring financial income75€75€444▲
Financial charges65/66B€424€2k▲
Recurring financial charges65€424€2k▲
Profit (loss) for the period before taxes9903€21k€11k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€15k€8k▼
Profit (loss) for the period to be appropriated9905€15k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€8k▼
Profit (loss) brought forward from the previous period14P-€48
Transfer to equity691/2€15k€8k▼
To other reserves6921€15k€8k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €9k | €49k | ▲ 450% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €397 | €13k | ▲ 3,060% |
| Other operating charges640/8 | €759 | €2k | ▲ 178% |
| Non-recurring operating charges66A | - | €547 | - |
| Gross operating margin9900 | €31k | €77k | ▲ 145% |
| Operating profit (loss)9901 | €21k | €13k | ▼ 41.2% |
| Financial income75/76B | €75 | €444 | ▲ 489% |
| Recurring financial income75 | €75 | €444 | ▲ 489% |
| Financial charges65/66B | €424 | €2k | ▲ 300% |
| Recurring financial charges65 | €424 | €2k | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €21k | €11k | ▼ 46.2% |
| Income taxes67/77 | €6k | €3k | ▼ 47.5% |
| Profit (loss) for the period9904 | €15k | €8k | ▼ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €15k | €8k | ▼ 45.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41k | €63k | ▲ 54.0% |
| Fixed assets21/28 | €5k | €30k | ▲ 558% |
| Tangible fixed assets22/27 | €5k | €30k | ▲ 558% |
| Plant, machinery and equipment23 | - | €8k | - |
| Furniture and vehicles24 | €5k | €22k | ▲ 380% |
| Current assets29/58 | €37k | €33k | ▼ 9.4% |
| Amounts receivable within one year40/41 | €16k | €7k | ▼ 57.4% |
| Trade receivables40 | €11k | €6k | ▼ 44.1% |
| Other amounts receivable41 | €5k | €514 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €21k | €26k | ▲ 27.5% |
| Deferred charges and accrued income490/1 | - | €86 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41k | €63k | ▲ 54.0% |
| Equity10/15 | €18k | €26k | ▲ 45.2% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €15k | €22k | ▲ 51.2% |
| Distributable reserves133 | €15k | €22k | ▲ 51.2% |
| Profit (loss) carried forward14 | €48 | €535 | ▲ 1,019% |
| Amounts payable17/49 | €23k | €37k | ▲ 60.9% |
| Amounts payable after more than one year17 | €3k | €2k | ▼ 50.9% |
| Financial debts170/4 | €3k | €2k | ▼ 50.9% |
| Amounts payable within one year42/48 | €19k | €35k | ▲ 81.9% |
| Current portion of amounts payable after more than one year42 | €2k | €2k | ▲ 5.4% |
| Trade debts44 | €8k | €12k | ▲ 39.4% |
| Suppliers440/4 | €8k | €12k | ▲ 39.4% |
| Taxes, remuneration and social security45 | €9k | €8k | ▼ 7.6% |
| Taxes450/3 | €9k | €8k | ▼ 15.9% |
| Remuneration and social security454/9 | - | €744 | - |
| Other amounts payable47/48 | - | €13k | - |
| Accrued charges and deferred income492/3 | €1k | €1k | ▲ 28.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €8k | ▼ 45.7% |
| + Depreciation and write-downs630 | €397 | €13k | ▲ 3,060% |
| Operating cash flow (approximation) | €15k | €21k | ▲ 34.9% |
| Investment in fixed assets (approximation) | - | €-38k | - |
| Change in cash | - | €6k | - |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Stabroek · 1 establishment unit since 2023
Ground area
1,260 m²
Building footprint
60 m²
Volume, LiDAR
268 m³
Parcel 11044B0207/00R002, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thoreno
since 20232.350.313.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044B0207/00R002 | Flanders | 1,260 m² | 1 · 60 m² | 7.4 m · 1 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
2025 · 1 entry · 312 EUR awarded · 312 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 312 EUR | 312 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,535 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
Founded29-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43230Insulation installation
43320Joinery installation
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.