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THOVELKO

Active
Private limited companyfounded 2008active for 17 yearsBoomgaardstraat 194, 2600 Antwerpen, BelgiumKBO/BCE: BE 0808.209.146
Summary

THOVELKO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €319,974 and a net result of €161,785. Equity has been growing by about 17% per year since 2019. Its solvency ranks better than 25% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 05-12-2008 Normal situation
Activity
General electrical installation work NACE 43211and 2 others
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
149 Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn · annual accounts 30-06-2025
Establishment unit
2.175.690.105 2600 Antwerpen, since 01-12-2008
Financial year end
30 June
Peppol
Reachable since 30-04-2025

Board and ownership

Financial position

70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts to 30-06-2025
Gross margin
€779,816
▲ 31.3%
Turnover
≈ €1.7m
estimated
Profit
€161,785
▲ 113%
Equity
€319,974
▲ 28.9%
Total assets
€1.3m
▲ 20.8%
Employees on 30-06-2025
9
▲ 125%
Filed on 16-12-2025, 46 days before the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Size: 6.3 FTE, total assets €1.3mlowers riskFounded in 2008Profit of €161,785 (financial year 2025)Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 49% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 49+2
equity 24.0% of total assets
Liquidity 40-8
short-term debt 40.9% · cash 7.5%
Profitability 84+7
return on assets 12.1%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.7% 01-2025: 0.9%▲ +0.2 percentage points vs 12-2024 02-2025: 1.4%▲ +0.5 percentage points vs 01-2025highest value 03-2025: 0.5%▼ -0.9 percentage points vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025lowest value 05-2025: 0.5%● unchanged vs 04-2025lowest value 06-2025: 0.5%● unchanged vs 05-2025lowest value 07-2025: 0.5%● unchanged vs 06-2025lowest value 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.6%▲ +0.1 percentage points vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.5%▼ -0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.1 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (1.76 in 2024), below the usual 1.5. Short-term debt is 40.9% and cash 7.5% of total assets. 76% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, micro). It does better than 25% of them on solvency, 29% on liquidity, 67% on profitability and 74% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2008
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: 6.3 FTE, total assets €1.3m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Profit of €161,785 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
on the day
2023
23 days early
2022
on the day
2021
on the day
2020
26 days early
2019
44 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end02-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €76,080 to €161,785 ▲ 113% View
  • Positive: Higher net result than 83% of companies in specialised constructionsector median €26,848 · 9,887 companies €161,785 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €161,785 7 years View

Recent changes

  1. · Gazette deed Change of role: VAN TONGERLOO Thomas, from manager to director
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as THOVELKO: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 2007 and 2011.

CompanyTotal assetsGross margin
THOVELKO Antwerpen€1.3m€0.8m
ALGEMENE ELEKTRICITEITSWERKEN K. VERBEKE Wommelgem€1.2m€0.7m
Milaneau Group Boom€1.5m€0.6m
CORDEC Dendermonde€1.2m€0.7m
Verisol Lummen€1.3m€0.6m
BATISOL Lille€1.7m€0.9m
ECOLECTRIC Heist-op-den-Berg€1.2m€0.6m
Full comparison

Key facts about THOVELKO

What is the company number of THOVELKO?
The company number of THOVELKO is 0808.209.146. The VAT number is the same number with BE in front: BE 0808.209.146.
Where is THOVELKO based?
The registered office is at Boomgaardstraat 194, 2600 Antwerpen.Company details
What does THOVELKO do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of THOVELKO?
The legal form of THOVELKO is Private limited company (BV).
When was THOVELKO founded?
THOVELKO was founded on 05-12-2008.
Is THOVELKO still active?
Yes, THOVELKO is an active enterprise in the KBO register.
How many employees does THOVELKO have?
THOVELKO had an average of 6.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does THOVELKO fall under?
In its 30-06-2025 annual accounts, THOVELKO states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 149 (Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn).
What is the turnover of THOVELKO?
The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €779,816 and 34 comparable companies (NACE 43211). It probably lies between €1.5m and €2.1m.
Is THOVELKO profitable?
In financial year 2025, THOVELKO made a profit of €161,785.
Where can I find the annual accounts of THOVELKO?
THOVELKO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THOVELKO due?
THOVELKO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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