Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,023 · 22,049 companies.
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 820 companies had the same profile as THOUGHTWORKS has now. Each dot stands for 3 companies, two years later.
94.6%
were still trading
3.2%
stopped another way
2.0%
went bankrupt
Small
5 to 10 years old
solvency under 10%
a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 820 companies, not a prediction for THOUGHTWORKS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as THOUGHTWORKS: computer programming (NACE 62100). They are comparable in size and age: total assets between €626,000 and €946,000, founded between 2019 and 2022.
The company number of THOUGHTWORKS is 0762.706.050. The VAT number is the same number with BE in front: BE 0762.706.050.
Where is THOUGHTWORKS based?
The registered office is at Bolwerklaan 21, 1210 Saint-Josse-ten-Noode.Company details
What does THOUGHTWORKS do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of THOUGHTWORKS?
THOUGHTWORKS is a private limited company (BV).
When was THOUGHTWORKS founded?
THOUGHTWORKS was founded on 29-01-2021.
Is THOUGHTWORKS still active?
Yes, THOUGHTWORKS is an active enterprise in the KBO register.
What is the turnover of THOUGHTWORKS?
The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 33 comparable companies (NACE 62100). It probably lies between €1.7m and €2.6m.Financials
Is THOUGHTWORKS profitable?
In financial year 2025, THOUGHTWORKS made a loss of €47,010.
Where can I find the annual accounts of THOUGHTWORKS?
THOUGHTWORKS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THOUGHTWORKS due?
THOUGHTWORKS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline