THOREVA
ActiveSummary
THOREVA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €9k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 50% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+27
Solvency81▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.94 in 2024; short-term debt: 43.6% and cash: 22.9% of total assets), and 43.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 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
23 d late
2024
25 d late
2023
29 d late
2022
28 d late
2021
25 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 82.7%
2024 · €11k
2019: €9k
2020: €6k▼ -33.6% vs 2019lowest in 7 years
2021: €10k▲ +64.9% vs 2020
2022: €10k▲ +1.4% vs 2021
2023: €10k▲ +0.8% vs 2022
2024: €11k▲ +7.2% vs 2023
2025: €21k▲ +82.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€36k▲ 79.4%
2024 · €20k
2019: €34k
2020: €32k▼ -7.7% vs 2019
2021: €23k▼ -27.1% vs 2020
2022: €20k▼ -14.2% vs 2021lowest in 7 years
2023: €20k▲ +3.1% vs 2022
2024: €20k▼ -0.2% vs 2023
2025: €36k▲ +79.4% vs 2024highest in 7 years
2019 → 2025
Net result
€9k▲ 1,131%
2024 · €756
2019: €3k
2020: €-3k▼ -212% vs 2019lowest in 7 years
2021: €4k▲ +228% vs 2020
2022: €142▼ -96.5% vs 2021
2023: €80▼ -43.6% vs 2022
2024: €756▲ +844% vs 2023
2025: €9k▲ +1131% vs 2024highest in 7 years
2019 → 2025
Working capital
€19k▲ 119%
2024 · €9k
2019: €3k
2020: €-1k▼ -143% vs 2019lowest in 7 years
2021: €5k▲ +511% vs 2020
2022: €9k▲ +71.0% vs 2021
2023: €9k▼ -0.2% vs 2022
2024: €9k▼ -1.8% vs 2023
2025: €19k▲ +119% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€10k▲ 1.4%€10k▲ 0.8%€11k▲ 7.2%€21k▲ 82.7%
2021: €10klowest in 5 years
2022: €10k▲ +1.4% vs 2021
2023: €10k▲ +0.8% vs 2022
2024: €11k▲ +7.2% vs 2023
2025: €21k▲ +82.7% vs 2024highest in 5 years
Operating result€4k-€2k▼ 47.1%€2k▼ 27.5%€710▼ 53.6%€15k▲ 2,048%
2021: €4k
2022: €2k▼ -47.1% vs 2021
2023: €2k▼ -27.5% vs 2022
2024: €710▼ -53.6% vs 2023lowest in 5 years
2025: €15k▲ +2048% vs 2024highest in 5 years
Net result€4k-€142▼ 96.5%€80▼ 43.6%€756▲ 844%€9k▲ 1,131%
2021: €4k
2022: €142▼ -96.5% vs 2021
2023: €80▼ -43.6% vs 2022lowest in 5 years
2024: €756▲ +844% vs 2023
2025: €9k▲ +1131% vs 2024highest in 5 years
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 2025; 2025 is 2,048% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€2k ▼ 29.9%
Current assets
€35k ▲ 96.4%
Equity and liabilities €36k
Equity
€21k ▲ 82.7%
Debt
€16k ▲ 75.3%
Debt's share of the balance-sheet total falls from 44.6% to 43.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €2k
Cash flow
€10k▲
2024 · €2k
Current ratio
2.17▲
2024 · 1.94
Debt to equity
0.77▼
2024 · 0.80
ROE
45.3%▲
2024 · 6.7%
ROA
25.5%▲
2024 · 3.7%
Interest coverage
306.06▲
2024 · 37.55
Debt ≤ 1 year
€16k▲
2024 · €9k
Income taxes
€7k▲
2024 · €900
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20k€36k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€18k€35k▲
Amounts receivable within one year40/41€13k€26k▲
Trade receivables40€253€6k▲
Other amounts receivable41€13k€20k▲
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€20k€36k▲
Equity10/15€11k€21k▲
Contributions10/11€12k€12k=
Reserves13€2k€8k▲
Distributable reserves133€2k€8k▲
Profit (loss) carried forward14€-3k€299▲
Amounts payable17/49€9k€16k▲
Amounts payable within one year42/48€9k€16k▲
Trade debts44€997€2k▲
Suppliers440/4€997€2k▲
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€8k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€817▼
Other operating charges640/8€953€970▲
Gross operating margin9900€3k€17k▲
Operating profit (loss)9901€710€15k▲
Financial income75/76B€1,000€1k▲
Recurring financial income75€1,000€1k▲
Financial charges65/66B€54€53▼
Recurring financial charges65€54€53▼
Profit (loss) for the period before taxes9903€2k€16k▲
Income taxes67/77€900€7k▲
Profit (loss) for the period9904€756€9k▲
Profit (loss) for the period to be appropriated9905€756€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€6k▲
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
Transfer to equity691/2-€6k
To other reserves6921-€6k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €5k | €829 | €1k | €817 | ▼ 37.4% |
| Other operating charges640/8 | - | €966 | €885 | €953 | €970 | ▲ 1.8% |
| Gross operating margin9900 | €12k | €8k | €3k | €3k | €17k | ▲ 474% |
| Operating profit (loss)9901 | €4k | €2k | €2k | €710 | €15k | ▲ 2,048% |
| Financial income75/76B | - | €728 | €652 | €1,000 | €1k | ▲ 12.4% |
| Recurring financial income75 | €1k | €728 | €652 | €1,000 | €1k | ▲ 12.4% |
| Financial charges65/66B | - | €88 | €48 | €54 | €53 | ▼ 2.2% |
| Recurring financial charges65 | €193 | €88 | €48 | €54 | €53 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €5k | €3k | €2k | €2k | €16k | ▲ 886% |
| Income taxes67/77 | €899 | €3k | €2k | €900 | €7k | ▲ 679% |
| Profit (loss) for the period9904 | €4k | €142 | €80 | €756 | €9k | ▲ 1,131% |
| Profit (loss) for the period to be appropriated9905 | €4k | €142 | €80 | €756 | €9k | ▲ 1,131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23k | €20k | €20k | €20k | €36k | ▲ 79.4% |
| Fixed assets21/28 | €5k | €2k | €2k | €3k | €2k | ▼ 29.9% |
| Tangible fixed assets22/27 | €5k | €2k | €2k | €3k | €2k | ▼ 29.9% |
| Furniture and vehicles24 | - | €2k | €2k | €3k | €2k | ▼ 29.9% |
| Current assets29/58 | €18k | €18k | €19k | €18k | €35k | ▲ 96.4% |
| Amounts receivable within one year40/41 | €13k | €14k | €14k | €13k | €26k | ▲ 101% |
| Trade receivables40 | - | €3k | €393 | €253 | €6k | ▲ 2,319% |
| Other amounts receivable41 | - | €10k | €13k | €13k | €20k | ▲ 57.0% |
| Cash at bank and in hand54/58 | €5k | €2k | €5k | €3k | €8k | ▲ 139% |
| Deferred charges and accrued income490/1 | - | €2k | - | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23k | €20k | €20k | €20k | €36k | ▲ 79.4% |
| Equity10/15 | €10k | €10k | €10k | €11k | €21k | ▲ 82.7% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €8k | ▲ 323% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €8k | ▲ 323% |
| Profit (loss) carried forward14 | €-4k | €-4k | €-4k | €-3k | €299 | ▲ 110% |
| Amounts payable17/49 | €13k | €9k | €10k | €9k | €16k | ▲ 75.3% |
| Amounts payable within one year42/48 | €13k | €9k | €10k | €9k | €16k | ▲ 75.3% |
| Trade debts44 | €2k | €2k | €3k | €997 | €2k | ▲ 55.9% |
| Suppliers440/4 | - | €2k | €3k | €997 | €2k | ▲ 55.9% |
| Taxes, remuneration and social security45 | - | €7k | €7k | €8k | €14k | ▲ 77.7% |
| Taxes450/3 | - | €7k | €7k | €8k | €14k | ▲ 77.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €142 | €80 | €756 | €9k | ▲ 1,131% |
| + Depreciation and write-downs630 | €7k | €5k | €829 | €1k | €817 | ▼ 37.4% |
| Operating cash flow (approximation) | €11k | €5k | €909 | €2k | €10k | ▲ 391% |
| Investment in fixed assets (approximation) | - | €-2k | €-927 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-3k | €3k | €-2k | €5k | ▲ 419% |
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
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
30-06
Financial
Highest result since 2019net €9k ▲1,131%
Operating result €15k, net result €9k, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Beersel
Ground area
650 m²
Building footprint
287 m²
Volume, LiDAR
1,552 m³
Parcel 23017D0259/00F003, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017D0259/00F003 | Flanders | 650 m² | 1 · 287 m² | 11.4 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
WEFISC
BE 0745.676.414
Dilsen-Stokkem · Eq €20,562
Inceptus
BE 0541.824.578
Oud-Turnhout · Eq €20,566
CD CONSULTANCY
BE 0693.765.675
Haaltert · Eq €20,568
Finezz Accountants
BE 0434.689.464
Aalter · Eq €20,545
ClearTax
BE 1009.664.387
Herselt · Eq €20,583
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,452 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
Founded24-12-2002
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.