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THOVARCO

Active
Private limited companyfounded 2016active for 10 yearsBredabaan (Centrum) 258, 2990 Wuustwezel, BelgiumKBO/BCE: BE 0658.846.467
Summary

THOVARCO has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €180,756. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 55% of 2,066 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
THOVARCOActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Support activities for animal production
NACE 01620Pig breeding farms NACE 01461
4 sites
Size
≈ €1.6mturnover 2025, estimated
Staff
1 FTE
Equity
€1.2m
Profit
€180,756
Turnover estimated from the gross margin
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts filed 31 days late4 of 7 deeds summarised
Why 90raises riskLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskSize: 1 FTE, total assets €2.8mFigures for financial year 2025 (filed 02-09-2026)Sector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 01, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 70+8
equity 45.3% of total assets
Liquidity 46+12
short-term debt 28.7% · cash 6.3%
Profitability 77-6
return on assets 6.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,691 companies, NACE 01, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.2 percentage points vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.7%▲ +0.7 percentage points vs 07-2025 09-2025: 0.8%▼ -0.9 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%▲ +0.1 percentage points vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.7 percentage points vs 07-2026highest value 09-2026: 0.4%▼ -1.5 percentage points vs 08-2026 10-2026: 0.2%▼ -0.2 percentage points vs 09-2026lowest value
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.27, compared with 1.07 in 2024, below the usual 1.5; short-term debt: 28.7% and cash: 6.3% of total assets), and 54.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 60% on solvency, 44% on liquidity, 67% on profitability and 69% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Size: 1 FTE, total assets €2.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 02-09-2026)
NBB · annual accounts
lowers risk · Sector: Crop and animal production, hunting and related service activities (NACE 01)
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 late
NBB · filings
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
31 days late
2024
5 days late
2023
on the day
2022
4 days early
2021
29 days late
2020
26 days late
2019
20 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. RestructuringPermanent representative: Ann Donckers ·…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Amendment of the articles · RestructuringPermanent representative: Ann Donckers ·…

Key points

  • Caution: Result fell in 2025from €321,573 to €180,756 ▼ 43.8% View
  • Flemish supportawarded from 2022 to 2025 €150,907 View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2025
Total assets
€2.8m
Profit
€180,756
Solvency
45.3%
Total assets▼ 3.5%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2018
Next accounts
by 31-07-2027
  1. 05-08-2025Annual accounts filed
  2. 31-12-2024Equity above €1m
  3. 23-09-2024Registered office
Go to Timeline

Company details

Sites
4
Legal form
Private limited company
Activity
Support activities for animal productionNACE 01620
Founded
08-07-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
14
Who signs
Each director alone
Annual meeting
Third Friday of May at 20:00
Purpose
“De vennootschap heeft tot voorwerp zowel voor eigen rekening als voor rekening van of met…” (deed in Dutch)
Go to Articles of association

Key facts about THOVARCO

What is the company number of THOVARCO?
0658.846.467. In Belgium the VAT number is the company number with BE in front: BE 0658.846.467.
Where is THOVARCO based?
The registered office is at Bredabaan (Centrum) 258, 2990 Wuustwezel.Company details
What does THOVARCO do?
According to the KBO register, the main activity is support activities for animal production (NACE 01620).
What is the legal form of THOVARCO?
Private limited company (BV).
When was THOVARCO founded?
On 08-07-2016.
Is THOVARCO still active?
Yes, THOVARCO is an active enterprise in the KBO register.
How many employees does THOVARCO have?
On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of THOVARCO?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is THOVARCO profitable?
In financial year 2025, THOVARCO made a profit of €180,756.
Where can I find the annual accounts of THOVARCO?
THOVARCO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THOVARCO due?
By 31-07-2027, for financial year 2026.Timeline

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