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Complete company report
Generated 04-09-2026
Active BE 0440.392.470Public limited company

THOVER

Brugstraat 182 ·9880 Aalter, Belgium· 36 yrs active
Conclusion Checked

THOVER has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €468k and a net result of €6k. The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €468k
Net result €6k
Active 36 yrs
Locations 1
Financial profile 5 of 5 axes measured · computed by Checked
Health78Profitability6Solvency86Growth32Stability100
60 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 6
Solvency 86
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2024 · computed
78 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€35k
estimate, not credit advice
Score history
86 2023
78 2024
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 1.38 (≥ 1.0) +5
Quick ratio Quick ratio 1.38 (≥ 1.0) +5
Leverage Debt/equity 0.42 (< 1.0) +10
Profitability ROE 1% +3
Interest coverage Interest coverage 198.9× (≥ 3×) +8
Profit trend Net profit down YoY -3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview35 NBB filings
Annual accounts filed on 25-06-2025 with the NBB · fiscal year 2024 · micro schema
€0€3k€5k€8kOperating result 2023: €8k€8kNet result 2023: €6k€6kOperating result 2024: €7k€7kNet result 2024: €6k€6k20232024
Operating resultNet result
EBITDA
€30k
-0.9% 23-24
Net profit
€6k
-6.3% 23-24
Cash flow
€28k
+0.6% 23-24
Total assets
€700k
+0.4% 23-24
Equity
€468k
-28.3% 23-24
Working capital
€73k
-69.1% 23-24
Income taxes
€4k
-3.0% 23-24
Dividends
€190k
- 23-24
Debt
€196k
+3050.4% 23-24
Debt ≤ 1y
€194k
+3599.2% 23-24
Current ratio
1.38
-97.0% 23-24
Quick ratio
1.38
-97.0% 23-24
Solvency
66.9%
-28.6% 23-24
Debt / equity
0.42
+4291.4% 23-24
ROE
1.2%
+30.5% 23-24
ROA
0.8%
-6.7% 23-24
Interest coverage
198.89
-0.9% 23-24
Figures by fiscal year and ratios
Fiscal year20242023
Depositmicro schemamicro schema
Revenue--
EBITDA€30k€30k
Net profit€6k€6k
Cash flow€28k€28k
Staff costs--
Income taxes€4k€4k
Dividends€190k-
Total assets€700k€697k
Equity€468k€653k
Debt€196k€6k
of which ≤ 1y€194k€5k
of which > 1y--
Working capital€73k€237k
Employees (FTE)--
Ratios (computed)
20242023
Current ratio1.3846.07
Quick ratio1.3846.07
Working capital ratio10.5%34.0%
Solvency66.9%93.7%
Debt / equity0.420.01
Long-term debt ratio--
Interest coverage198.89200.64
Gross margin--
Net margin--
ROA0.8%0.8%
ROE1.2%0.9%
EBITDA margin--
Days sales outstanding--
Days payable outstanding--
Inventory turnover--
Days inventory (DSI)--
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code20242023
Balance sheet, Assets
TOTAL ASSETS 20/58€700k€697k
Fixed assets 21/28€432k€455k
Tangible fixed assets 22/27€432k€454k
Financial fixed assets 28€132€132
Current assets 29/58€268k€242k
Amounts receivable within one year 40/41€7k€108k
Cash & bank 54/58€260k€130k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€700k€697k
Equity 10/15€468k€653k
Contributions / capital 10/11€347k€347k
Reserves 13€121k€306k
Accumulated profits (losses) 14€0-
Provisions & deferred taxes 16€36k€38k
Amounts payable 17/49€196k€6k
Amounts payable within one year 42/48€194k€5k
Trade debts payable within one year 44€3k€4k
Income statement
Gross operating margin 9900€36k€36k
Operating result 9901€7k€8k
Financial income 75€303€1
Financial charges 65€150€150
Result before taxes 9903€7k€8k
Income taxes 67/77€4k€4k
Net result for the period 9904€6k€6k
Result to be appropriated 9905€12k€12k
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation23-03-1990
StatusActive
Postal code9880
Establishment units 1 location
Thover
Meerkensdreef 1, 9880 AalterNACE 70201
since 19902.047.860.931
Real-estate footprint Source: CBE × cadastre
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44001B0010/00P000 Flanders 1.9 ha 1 · 1.2 ha 18.5 m · 3 fl.
44502C0788/00K000 Flanders 2,976 m² 1 · 372 m² 10.2 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events
2025
25-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
22-12
State Gazette act Registered-office change
Ruben Van Maelzaeke
15-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
04-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
25-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
Address history · 1
22-12-2023
Registered-office move
All acts · 1 updated 2 years ago
2023
22-12-2023 Registered office moved Registered-office change·Ruben Van Maelzaeke
Notary: Ruben Van Maelzaeke · Evergem-SleidingeFirm: Notariaat Sleidinge geassocieerde notarissen
Technical details 
{
  "events": [],
  "notary": {
    "name": "Ruben Van Maelzaeke",
    "firm_city": null,
    "firm_name": "Notariaat Sleidinge geassocieerde notarissen",
    "office_city": "Evergem-Sleidinge",
    "is_associated": true
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-22",
    "filing_date": "2023-12-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-12-14",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0440.392.470",
    "name_full": "Commanditaire vennootschap op aandelen Thover",
    "legal_form": "CVSA"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0875.430.542",
    "org_name": "VGD Accountants en Belastingconsulenten",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expeditie pv buitengewone algemene vergadering",
    "co\u00F6rdinatie van de statuten"
  ]
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL THOVER
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative