THORMES
ActiveTHORMES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €540k and a net result of €75k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 2026 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.99 against 4.26 in 2023; short-term debt: 15.8% and cash: 15.1% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
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 2024Solvency, return and age of the figures
Solvency
84.2%
Return on assets
11.6%
Age of the figures
21 mo
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 01-07-2025, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
45 d early
2022
49 d early
2021
47 d early
2020
31 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€540k▲ 16.0%
2023 · €466k
2018: €77k
2019: €100k
2020: €153k
2021: €244k
2022: €346k
2023: €466k
2018 → 2024
Total assets
€642k▲ 9.6%
2023 · €586k
2018: €229k
2019: €259k
2020: €257k
2021: €313k
2022: €572k
2023: €586k
2018 → 2024
Net result
€75k▼ 37.5%
2023 · €119k
2018: €17k
2019: €23k
2020: €56k
2021: €92k
2022: €103k
2023: €119k
2018 → 2024
Working capital
€405k▲ 3.5%
2023 · €391k
2018: €56k
2019: €81k
2020: €132k
2021: €191k
2022: €296k
2023: €391k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€153k-€244k▲ 59.3%€346k▲ 42.1%€466k▲ 34.4%€540k▲ 16.0%
Operating result€69k-€116k▲ 67.0%€132k▲ 14.0%€152k▲ 15.3%€91k▼ 40.0%
Net result€56k-€92k▲ 65.6%€103k▲ 11.3%€119k▲ 16.2%€75k▼ 37.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €642k
Fixed assets
€135k▲ 81.7%
Current assets
€507k▼ 0.9%
Equity and liabilities €642k
Equity
€540k▲ 16.0%
Debt
€102k▼ 15.5%
The debt ratio falls from 20.5% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€110k▼
2023 · €163k
Cash flow
€93k▼
2023 · €130k
Solvency
84.2%▲
2023 · 79.5%
Current ratio
4.99▲
2023 · 4.26
Quick ratio
2.28▲
2023 · 1.65
Debt / equity
0.19▼
2023 · 0.26
ROE
13.8%▼
2023 · 25.6%
ROA
11.6%▼
2023 · 20.4%
Interest coverage
202.48▼
2023 · 729.99
Debt
€102k▼
2023 · €120k
Debt ≤ 1 year
€102k▼
2023 · €120k
Income taxes
€19k▼
2023 · €35k
Staff costs
€68k▲
2023 · €68k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€586k€642k▲
Fixed assets21/28€74k€135k▲
Tangible fixed assets22/27€74k€134k▲
Plant, machinery and equipment23€5k€17k▲
Furniture and vehicles24€31k€80k▲
Other tangible fixed assets26€38k€37k▼
Financial fixed assets28€720€720=
Current assets29/58€511k€507k▼
Amounts receivable after more than one year29€131k€108k▼
Other amounts receivable291€131k€108k▼
Stocks and contracts in progress3€314k€275k▼
Stocks30/36€314k€275k▼
Amounts receivable within one year40/41€36k€24k▼
Trade receivables40€4k-
Other amounts receivable41€33k€24k▼
Cash at bank and in hand54/58€28k€97k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€586k€642k▲
Equity10/15€466k€540k▲
Contributions10/11€19k€19k=
Reserves13€447k€522k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€445k€520k▲
Amounts payable17/49€120k€102k▼
Amounts payable within one year42/48€120k€102k▼
Trade debts44€10k€70k▲
Suppliers440/4€10k€70k▲
Advances received on contracts in progress46€47k€19k▼
Taxes, remuneration and social security45€8k€13k▲
Taxes450/3-€5k
Remuneration and social security454/9€8k€8k▲
Other amounts payable47/48€56k€200▼
Income statement
Code20232024
Remuneration, social security and pensions62€68k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k-
Other operating charges640/8€3k€4k▲
Gross operating margin9900€249k€181k▼
Operating profit (loss)9901€152k€91k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€224€543▲
Recurring financial charges65€224€543▲
Profit (loss) for the period before taxes9903€154k€94k▼
Income taxes67/77€35k€19k▼
Profit (loss) for the period9904€119k€75k▼
Profit (loss) for the period to be appropriated9905€119k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€75k▼
Transfer to equity691/2€119k€75k▼
To other reserves6921€119k€75k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €540k ▲16%
7 profitable years in a row build equity to €540k.
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €119k ▲16.2%
Operating result €152k, net result €119k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €244k ▲59.3%
4 profitable years in a row build equity to €244k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €153k ▲52.8%
3 profitable years in a row build equity to €153k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €100k ▲30.4%
2 profitable years in a row build equity to €100k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Merelbeke-Melle · 1 establishment unit since 2015
Ground area
1,288 m²
Building footprint
398 m²
Parcel 44413A0415/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
THORMES
since 20152.249.123.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0415/00Y000 | Flanders | 1,288 m² | 1 · 398 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 · 1 entry · 240 EUR awarded · 240 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 240 EUR | 240 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,442 companies in sector 77110 we hold annual accounts for 726. 416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2015
Fiscal year end31-12
Activities, NACEBEL
29201Manufacture of motor vehicles, trailers and semi-trailers
77110Renting and leasing of cars and light motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.