THOSO
ActiveSummary
THOSO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €387k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+8
Solvency40▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.92 in 2024; short-term debt: 9.2% and cash: 1.2% of total assets), and 84.9% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
15.1%
Return on assets
5.1%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
34 d early
2023
54 d early
2022
2 d early
2021
30 d early
2020
51 d early
2019
41 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.14M▲ 41.8%
2024 · €806k
2018: €644k
2019: €694k
2020: €674k
2021: €934k
2022: €1.10M
2023: €1.10M
2024: €806k
2018 → 2025
Total assets
€7.57M▲ 4.2%
2024 · €7.26M
2018: €2.41M
2019: €2.95M
2020: €2.90M
2021: €2.77M
2022: €3.78M
2023: €5.07M
2024: €7.26M
2018 → 2025
Net result
€387k
2024 · €-41k
2018: €251k
2019: €50k
2020: €141k
2021: €260k
2022: €204k
2023: €144k
2024: €-41k
2018 → 2025
Working capital
€-480k▼ 638%
2024 · €-65k
2018: €-257k
2019: €-80k
2020: €-205k
2021: €-124k
2022: €293k
2023: €451k
2024: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€934k-€1.10M▲ 17.6%€1.10M▼ 0.1%€806k▼ 26.5%€1.14M▲ 41.8%
Operating result€429k-€355k▼ 17.3%€300k▼ 15.3%€60k▼ 80.0%€704k▲ 1,072%
Net result€260k-€204k▼ 21.4%€144k▼ 29.4%€-41k€387k
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 recovers in 2025; 2025 is 1,072% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.57M
Fixed assets
€7.35M ▲ 13.0%
Current assets
€217k ▼ 71.3%
Equity and liabilities €7.57M
Equity
€1.14M ▲ 41.8%
Provisions
€126k
Debt
€6.30M ▼ 2.4%
Debt's share of the balance-sheet total falls from 88.9% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.23M▲
2024 · €693k
Cash flow
€910k▲
2024 · €592k
Current ratio
0.31▼
2024 · 0.92
Debt to equity
5.51▼
2024 · 8.01
ROE
33.9%▲
2024 · -5.0%
ROA
5.1%▲
2024 · -0.6%
Interest coverage
6.08▲
2024 · 5.92
Debt ≤ 1 year
€697k▼
2024 · €822k
Debt > 1 year
€5.60M▼
2024 · €5.63M
Income taxes
€2k▲
2024 · €477
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.26M€7.57M▲
Fixed assets21/28€6.51M€7.35M▲
Tangible fixed assets22/27€6.51M€7.35M▲
Land and buildings22€6.06M€6.89M▲
Plant, machinery and equipment23€277k€301k▲
Furniture and vehicles24€159k€150k▼
Other tangible fixed assets26€10k€8k▼
Current assets29/58€757k€217k▼
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€85€0▼
Other amounts receivable41€5k€2k▼
Current investments50/53€500k€125k▼
Cash at bank and in hand54/58€251k€89k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€7.26M€7.57M▲
Equity10/15€806k€1.14M▲
Contributions10/11€6k€6k=
Reserves13€800k€1.14M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132-€379k
Distributable reserves133€800k€758k▼
Profit (loss) carried forward14€109€0▼
Provisions and deferred taxes16-€126k
Deferred taxes168-€126k
Amounts payable17/49€6.46M€6.30M▼
Amounts payable after more than one year17€5.63M€5.60M▼
Financial debts170/4€5.63M€5.60M▼
Amounts payable within one year42/48€822k€697k▼
Current portion of amounts payable after more than one year42€382k€373k▼
Trade debts44€228k€66k▼
Suppliers440/4€228k€66k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€209k€255k▲
Accrued charges and deferred income492/3€6k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€531k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€633k€522k▼
Other operating charges640/8€15k€10k▼
Gross operating margin9900€707k€1.24M▲
Operating profit (loss)9901€60k€704k▲
Financial income75/76B€17k€13k▼
Recurring financial income75€17k€13k▼
Financial charges65/66B€117k€202k▲
Recurring financial charges65€117k€202k▲
Profit (loss) for the period before taxes9903€-40k€515k▲
Transfer from deferred taxes780-€2k
Transfer to deferred taxes680-€129k
Income taxes67/77€477€2k▲
Profit (loss) for the period9904€-41k€387k▲
Transfer from tax-exempt reserves789-€7k
Transfer to tax-exempt reserves689-€387k
Profit (loss) for the period to be appropriated9905€-41k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€8k▲
Profit (loss) brought forward from the previous period14P-€109
Transfer from equity791/2€291k€50k▼
Transfer to equity691/2€0€8k▲
To other reserves6921€0€8k▲
Profit to be distributed694/7€251k€50k▼
Return on contributions (dividend)694€251k€50k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €387k
Net result €387k after one loss-making year.
30-09
Financial
Equity above €1MEq €1.14M ▲41.8%
Equity rises from €806k to €1.14M.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-41k ▼128%
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity triplescurrent ratio 1.94
Current ratio from 0.62 to 1.94; short-term debt falls from €325k to €312k.
30-09
Financial
Equity above €1MEq €1.10M ▲17.6%
5 profitable years in a row build equity to €1.10M.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
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.
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, Arendonk · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrijheid 342370 ArendonkGround area
1,000 m²
Building footprint
372 m²
Volume, LiDAR
2,281 m³
Parcel 13322E0234/00E000, Flanders · tallest building 14.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thoso
since 20092.177.944.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322E0234/00E000 | Flanders | 1,000 m² | 1 · 372 m² | 14.4 m · 1 fl. |
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.
Similar companies · same sector, comparable size
TOCON
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VESALIUS
BE 0471.746.929
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BARRICADES BUSINESS CENTER
BE 0892.326.853
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L.A3
BE 0894.297.834
Sint-Niklaas · Eq €1,143,418
BECATRA
BE 0447.422.495
Sint-Katelijne-Waver · Eq €1,143,515
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 26,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.