Thoto
ActiveSummary
Thoto has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €441k and a net result of €153k. Equity is growing by ~65.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+21
Solvency44▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.81 in 2023; short-term debt: 57.8% and cash: 1.5% of total assets), and 81.3% 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.
−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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 19% of 8095 sector peers (2024).
NBB · sector comparisonPosition among 8095 sector peers
Solvency
better than 19%
← 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 25-06-2025, 36 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
39 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€441k▲ 53.1%
2023 · €288k
2019: €36klowest in 6 years
2020: €54k▲ +50.0% vs 2019
2021: €223k▲ +314% vs 2020
2022: €267k▲ +19.9% vs 2021
2023: €288k▲ +8.0% vs 2022
2024: €441k▲ +53.1% vs 2023highest in 6 years
2019 → 2024
Total assets
€2.36M▲ 38.6%
2023 · €1.70M
2019: €105klowest in 6 years
2020: €219k▲ +110% vs 2019
2021: €621k▲ +183% vs 2020
2022: €1.12M▲ +80.9% vs 2021
2023: €1.70M▲ +51.3% vs 2022
2024: €2.36M▲ +38.6% vs 2023highest in 6 years
2019 → 2024
Net result
€153k▲ 615%
2023 · €21k
2019: €39k
2020: €18k▼ -53.7% vs 2019lowest in 6 years
2021: €178k▲ +893% vs 2020highest in 6 years
2022: €44k▼ -75.0% vs 2021
2023: €21k▼ -51.8% vs 2022
2024: €153k▲ +615% vs 2023
2019 → 2024
Working capital
€575k▼ 23.6%
2023 · €753k
2019: €19klowest in 6 years
2020: €35k▲ +82.1% vs 2019
2021: €204k▲ +486% vs 2020
2022: €257k▲ +26.1% vs 2021
2023: €753k▲ +192% vs 2022highest in 6 years
2024: €575k▼ -23.6% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€223k▲ 314%€267k▲ 19.9%€288k▲ 8.0%€441k▲ 53.1%
2020: €54klowest in 5 years
2021: €223k▲ +314% vs 2020
2022: €267k▲ +19.9% vs 2021
2023: €288k▲ +8.0% vs 2022
2024: €441k▲ +53.1% vs 2023highest in 5 years
Operating result€28k-€255k▲ 827%€78k▼ 69.4%€52k▼ 33.5%€283k▲ 446%
2020: €28klowest in 5 years
2021: €255k▲ +827% vs 2020
2022: €78k▼ -69.4% vs 2021
2023: €52k▼ -33.5% vs 2022
2024: €283k▲ +446% vs 2023highest in 5 years
Net result€18k-€178k▲ 893%€44k▼ 75.0%€21k▼ 51.8%€153k▲ 615%
2020: €18klowest in 5 years
2021: €178k▲ +893% vs 2020highest in 5 years
2022: €44k▼ -75.0% vs 2021
2023: €21k▼ -51.8% vs 2022
2024: €153k▲ +615% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 446% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.36M
Fixed assets
€420k ▲ 2,348%
Current assets
€1.94M ▲ 15.1%
Equity and liabilities €2.36M
Equity
€441k ▲ 53.1%
Debt
€1.91M ▲ 35.7%
Debt's share of the balance-sheet total falls from 83.0% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€303k▲
2023 · €60k
Cash flow
€172k▲
2023 · €29k
Current ratio
1.42▼
2023 · 1.81
Quick ratio
0.57▲
2023 · 0.23
Debt to equity
4.34▼
2023 · 4.89
ROE
34.7%▲
2023 · 7.4%
ROA
6.5%▲
2023 · 1.3%
Interest coverage
4.21▲
2023 · 2.48
Debt ≤ 1 year
€1.36M▲
2023 · €929k
Debt > 1 year
€554k▲
2023 · €482k
Income taxes
€73k▲
2023 · €8k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.70M€2.36M▲
Fixed assets21/28€17k€420k▲
Tangible fixed assets22/27€17k€420k▲
Land and buildings22€990€374k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€7k€32k▲
Other tangible fixed assets26€7k€11k▲
Current assets29/58€1.68M€1.94M▲
Stocks and contracts in progress3€1.47M€1.16M▼
Stocks30/36€1.47M€1.16M▼
Amounts receivable within one year40/41€101k€731k▲
Trade receivables40€83k€705k▲
Other amounts receivable41€19k€26k▲
Cash at bank and in hand54/58€108k€36k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€2.36M▲
Equity10/15€288k€441k▲
Contributions10/11€8k€8k=
Reserves13€280k€433k▲
Distributable reserves133€280k€433k▲
Profit (loss) carried forward14€176€196▲
Amounts payable17/49€1.41M€1.91M▲
Amounts payable after more than one year17€482k€554k▲
Financial debts170/4€482k€554k▲
Amounts payable within one year42/48€929k€1.36M▲
Current portion of amounts payable after more than one year42€12k€12k=
Financial debts43€890k€1.30M▲
Credit institutions430/8€890k€1.30M▲
Trade debts44€13k€40k▲
Suppliers440/4€13k€40k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€12k€9k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€19k▲
Other operating charges640/8€6k€11k▲
Gross operating margin9900€66k€314k▲
Operating profit (loss)9901€52k€283k▲
Financial income75/76B€2k€14k▲
Recurring financial income75€2k€6k▲
Non-recurring financial income76B-€8k
Financial charges65/66B€24k€72k▲
Recurring financial charges65€24k€72k▲
Profit (loss) for the period before taxes9903€29k€226k▲
Income taxes67/77€8k€73k▲
Profit (loss) for the period9904€21k€153k▲
Profit (loss) for the period to be appropriated9905€21k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€153k▲
Profit (loss) brought forward from the previous period14P€125€176▲
Transfer to equity691/2€21k€153k▲
To other reserves6921€21k€153k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €6k | €8k | €19k | ▲ 143% |
| Other operating charges640/8 | - | €5k | €6k | €6k | €11k | ▲ 77.0% |
| Gross operating margin9900 | €35k | €266k | €91k | €66k | €314k | ▲ 375% |
| Operating profit (loss)9901 | €28k | €255k | €78k | €52k | €283k | ▲ 446% |
| Financial income75/76B | - | €3k | €1k | €2k | €14k | ▲ 817% |
| Recurring financial income75 | €1k | €3k | €1k | €2k | €6k | ▲ 291% |
| Non-recurring financial income76B | - | - | - | - | €8k | - |
| Financial charges65/66B | - | €6k | €13k | €24k | €72k | ▲ 198% |
| Recurring financial charges65 | €4k | €6k | €13k | €24k | €72k | ▲ 198% |
| Profit (loss) for the period before taxes9903 | €25k | €253k | €67k | €29k | €226k | ▲ 671% |
| Income taxes67/77 | €7k | €75k | €22k | €8k | €73k | ▲ 823% |
| Profit (loss) for the period9904 | €18k | €178k | €44k | €21k | €153k | ▲ 615% |
| Profit (loss) for the period to be appropriated9905 | €18k | €178k | €44k | €21k | €153k | ▲ 615% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219k | €621k | €1.12M | €1.70M | €2.36M | ▲ 38.6% |
| Fixed assets21/28 | €19k | €18k | €14k | €17k | €420k | ▲ 2,348% |
| Tangible fixed assets22/27 | €19k | €18k | €14k | €17k | €420k | ▲ 2,348% |
| Land and buildings22 | - | - | €1k | €990 | €374k | ▲ 37,705% |
| Plant, machinery and equipment23 | - | €1k | €846 | €2k | €2k | ▲ 6.8% |
| Furniture and vehicles24 | - | €13k | €8k | €7k | €32k | ▲ 368% |
| Other tangible fixed assets26 | - | €4k | €4k | €7k | €11k | ▲ 58.6% |
| Current assets29/58 | €200k | €602k | €1.11M | €1.68M | €1.94M | ▲ 15.1% |
| Stocks and contracts in progress3 | €192k | €518k | €905k | €1.47M | €1.16M | ▼ 20.8% |
| Stocks30/36 | - | €518k | €905k | €1.47M | €1.16M | ▼ 20.8% |
| Amounts receivable within one year40/41 | €8k | €65k | €31k | €101k | €731k | ▲ 622% |
| Trade receivables40 | - | €894 | €19k | €83k | €705k | ▲ 753% |
| Other amounts receivable41 | - | €64k | €12k | €19k | €26k | ▲ 42.2% |
| Cash at bank and in hand54/58 | €8 | €18k | €172k | €108k | €36k | ▼ 66.2% |
| Deferred charges and accrued income490/1 | - | €910 | €669 | €3k | €4k | ▲ 64.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219k | €621k | €1.12M | €1.70M | €2.36M | ▲ 38.6% |
| Equity10/15 | €54k | €223k | €267k | €288k | €441k | ▲ 53.1% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €46k | €215k | €259k | €280k | €433k | ▲ 54.6% |
| Distributable reserves133 | - | €215k | €259k | €280k | €433k | ▲ 54.6% |
| Profit (loss) carried forward14 | €29 | €80 | €125 | €176 | €196 | ▲ 11.4% |
| Amounts payable17/49 | €166k | €398k | €856k | €1.41M | €1.91M | ▲ 35.7% |
| Amounts payable after more than one year17 | - | - | - | €482k | €554k | ▲ 14.9% |
| Financial debts170/4 | - | - | - | €482k | €554k | ▲ 14.9% |
| Amounts payable within one year42/48 | €165k | €398k | €851k | €929k | €1.36M | ▲ 46.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12k | €12k | = |
| Financial debts43 | - | €371k | €524k | €890k | €1.30M | ▲ 45.8% |
| Credit institutions430/8 | - | €371k | €524k | €890k | €1.30M | ▲ 45.8% |
| Trade debts44 | €8k | €27k | - | €13k | €40k | ▲ 209% |
| Suppliers440/4 | - | €27k | - | €13k | €40k | ▲ 209% |
| Taxes, remuneration and social security45 | - | €248 | €3k | €2k | €2k | ▲ 11.8% |
| Taxes450/3 | - | €248 | €3k | €2k | €2k | ▲ 11.8% |
| Other amounts payable47/48 | - | - | €324k | €12k | €9k | ▼ 25.8% |
| Accrued charges and deferred income492/3 | - | - | €5k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €178k | €44k | €21k | €153k | ▲ 615% |
| + Depreciation and write-downs630 | €5k | €6k | €6k | €8k | €19k | ▲ 143% |
| Operating cash flow (approximation) | €23k | €184k | €51k | €29k | €172k | ▲ 488% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | €-11k | €-422k | ▼ 3,737% |
| Change in cash | - | €18k | €153k | €-64k | €-72k | ▼ 12.6% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €178k ▲893%
Net result €178k, the highest in the series.
31-12
Financial
Equity above €200kEq €223k ▲314%
3 profitable years in a row build equity to €223k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €18k ▼53.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Mechelen · 1 establishment unit since 2018
Ground area
531 m²
Building footprint
131 m²
Volume, LiDAR
579 m³
Parcel 12402B0415/00H002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thoto
since 20182.281.415.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0415/00H002 | Flanders | 531 m² | 1 · 131 m² | 8.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845006E14B0FFA59239
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,639 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
Founded18-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
Contact
E-mail
hans_thomas16@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.