THOUGHTWORKS
The computed 12-month bankruptcy probability of THOUGHTWORKS is 1.3% (low). The 2025 annual accounts show equity of €489 and a net result of €-47k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2736 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €489 |
| Net result | €-47k |
| Better than sector | 5% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.1% | 62.2% | |
| Net result | €-47k | €40k | |
| Equity | €489 | €62k | |
| Gross operating margin | €1.23M | €63k | |
| Staff costs | €1.21M | €17k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €-18k |
| Net profit | €-47k |
| Cash flow | €-36k |
| Staff costs | €1.21M |
| Income taxes | €11k |
| Dividends | €165k |
| Total assets | €665k |
| Equity | €489 |
| Debt | €665k |
| of which ≤ 1y | €641k |
| of which > 1y | €23k |
| Working capital | €-38k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.94 |
| Quick ratio | 0.94 |
| Working capital ratio | -5.7% |
| Solvency | 0.1% |
| Debt / equity | 1357.54 |
| Long-term debt ratio | 47.58 |
| Interest coverage | -2.20 |
| Gross margin | - |
| Net margin | - |
| ROA | -7.1% |
| ROE | -9603.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €665k |
| Fixed assets | 21/28 | €62k |
| Tangible fixed assets | 22/27 | €62k |
| Current assets | 29/58 | €603k |
| Amounts receivable within one year | 40/41 | €565k |
| Cash & bank | 54/58 | €33k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €665k |
| Equity | 10/15 | €489 |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-3k |
| Amounts payable | 17/49 | €665k |
| Amounts payable after one year | 17 | €23k |
| Amounts payable within one year | 42/48 | €641k |
| Trade debts payable within one year | 44 | €309k |
| Income statement | ||
| Gross operating margin | 9900 | €1.23M |
| Operating result | 9901 | €-28k |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €-36k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €-47k |
| Result to be appropriated | 9905 | €-47k |
| NACE primary | Computer programming & consultancy(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 29-01-2021 |
| Status | Active |
| Postal code | 1210 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0008/00Z010 | Brussels | 7,591 m² | 1 · 6,964 m² | 112.8 m · 22 fl. |
| 55021C0018/00B000 | Wallonia | 1,796 m² | 1 · 255 m² | 7.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-06-2022 Registered office moved from Bruxelles to Saint-Josse
- Boulevard d'Anvers 4 bte 21 - 1000 Bruxelles → Manhattan Center, Avenue du Boulevard 1210 Saint-Josse
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Manhattan Center, Avenue du Boulevard 1210 Saint-Josse",
"city": "Saint-Josse",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue du Boulevard",
"country": "BE",
"postcode": "1210",
"box_number": null,
"street_number": "12",
"locality_suffix": null
},
"old_address": {
"raw": "Boulevard d\u0027Anvers 4 bte 21 - 1000 Bruxelles",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Boulevard d\u0027Anvers",
"country": "BE",
"postcode": "1000",
"box_number": "21",
"street_number": "4",
"locality_suffix": null
},
"effective_date": "2022-06-17",
"evidence_quote": "L\u0027administrateur a d\u00E9cid\u00E9 de transf\u00E9rer le si\u00E8ge social au Manhattan Center, Avenue du Boulevard 1210 Saint-Josse et ce avec effet au 17/06/2022.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-06-30",
"filing_date": "2022-06-22",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-06-17",
"unanimous": true
},
"subject_company": {
"kbo": "0762.706.050",
"name_full": "THOUGHTWORKS",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Ousseynou DIOUF",
"org_rep_person_name": null,
"person_role_at_subject": "expert-comptable et conseil fiscal"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch St\u00E4\u00E4tsbl\u00E4",
"lad",
"Annexes du Moniteur belge"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | THOUGHTWORKS |