Thread
ActiveSummary
Thread has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388k and a net result of €90k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 10.01 against 15.07 in 2024; short-term debt: 9.9% and cash: 89.9% of total assets), and 9.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.1%
Return on assets
20.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
31 d early
2023
on the day
2022
12 d early
2021
11 d early
2020
26 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€388k▲ 30.1%
2024 · €298k
2018: €63klowest in 8 years
2019: €81k▲ +28.5% vs 2018
2020: €119k▲ +46.3% vs 2019
2021: €148k▲ +24.3% vs 2020
2022: €207k▲ +40.0% vs 2021
2023: €256k▲ +23.8% vs 2022
2024: €298k▲ +16.5% vs 2023
2025: €388k▲ +30.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€431k▲ 34.9%
2024 · €319k
2018: €112klowest in 8 years
2019: €136k▲ +21.8% vs 2018
2020: €187k▲ +37.1% vs 2019
2021: €193k▲ +3.1% vs 2020
2022: €225k▲ +16.6% vs 2021
2023: €290k▲ +28.9% vs 2022
2024: €319k▲ +10.2% vs 2023
2025: €431k▲ +34.9% vs 2024highest in 8 years
2018 → 2025
Net result
€90k▲ 37.7%
2024 · €65k
2018: €35k
2019: €30k▼ -14.1% vs 2018
2020: €38k▲ +25.9% vs 2019
2021: €29k▼ -23.2% vs 2020lowest in 8 years
2022: €59k▲ +105% vs 2021
2023: €68k▲ +14.7% vs 2022
2024: €65k▼ -3.7% vs 2023
2025: €90k▲ +37.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€385k▲ 29.3%
2024 · €298k
2018: €21klowest in 8 years
2019: €55k▲ +160% vs 2018
2020: €100k▲ +84.2% vs 2019
2021: €142k▲ +41.2% vs 2020
2022: €203k▲ +43.3% vs 2021
2023: €255k▲ +25.3% vs 2022
2024: €298k▲ +17.0% vs 2023
2025: €385k▲ +29.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€207k▲ 40.0%€256k▲ 23.8%€298k▲ 16.5%€388k▲ 30.1%
2021: €148klowest in 5 years
2022: €207k▲ +40.0% vs 2021
2023: €256k▲ +23.8% vs 2022
2024: €298k▲ +16.5% vs 2023
2025: €388k▲ +30.1% vs 2024highest in 5 years
Operating result€43k-€83k▲ 94.9%€102k▲ 23.3%€99k▼ 3.7%€135k▲ 37.0%
2021: €43klowest in 5 years
2022: €83k▲ +94.9% vs 2021
2023: €102k▲ +23.3% vs 2022
2024: €99k▼ -3.7% vs 2023
2025: €135k▲ +37.0% vs 2024highest in 5 years
Net result€29k-€59k▲ 105%€68k▲ 14.7%€65k▼ 3.7%€90k▲ 37.7%
2021: €29klowest in 5 years
2022: €59k▲ +105% vs 2021
2023: €68k▲ +14.7% vs 2022
2024: €65k▼ -3.7% vs 2023
2025: €90k▲ +37.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €431k
Fixed assets
€3k ▲ 830%
Current assets
€428k ▲ 34.1%
Equity and liabilities €431k
Equity
€388k ▲ 30.1%
Debt
€43k ▲ 102%
Debt's share of the balance-sheet total rises from 6.6% to 9.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136k▲
2024 · €100k
Cash flow
€91k▲
2024 · €66k
Current ratio
10.01▼
2024 · 15.07
Debt to equity
0.11▲
2024 · 0.07
ROE
23.1%▲
2024 · 21.9%
ROA
20.8%▲
2024 · 20.4%
Interest coverage
1564.11▲
2024 · 726.54
Debt ≤ 1 year
€43k▲
2024 · €21k
Income taxes
€45k▲
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€431k▲
Fixed assets21/28€309€3k▲
Tangible fixed assets22/27€309€3k▲
Plant, machinery and equipment23€309€0▼
Furniture and vehicles24-€3k
Current assets29/58€319k€428k▲
Amounts receivable within one year40/41€20k€41k▲
Trade receivables40€20k€41k▲
Cash at bank and in hand54/58€299k€387k▲
Equity and liabilities
Total equity and liabilities10/49€319k€431k▲
Equity10/15€298k€388k▲
Reserves13€295k€385k▲
Distributable reserves133€295k€385k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€21k€43k▲
Amounts payable within one year42/48€21k€43k▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€13k€25k▲
Taxes450/3€13k€25k▲
Other amounts payable47/48€8k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€102k€139k▲
Operating profit (loss)9901€99k€135k▲
Financial charges65/66B€137€87▼
Recurring financial charges65€137€87▼
Profit (loss) for the period before taxes9903€98k€135k▲
Income taxes67/77€33k€45k▲
Profit (loss) for the period9904€65k€90k▲
Profit (loss) for the period to be appropriated9905€65k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€93k▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2€23k€0▼
Transfer to equity691/2€65k€90k▲
To other reserves6921€65k€90k▲
Profit to be distributed694/7€23k€0▼
Return on contributions (dividend)694€23k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €56 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €2k | €2k | €1k | €1k | ▲ 20.6% |
| Other operating charges640/8 | €3k | €2k | €3k | €3k | €2k | ▼ 17.4% |
| Gross operating margin9900 | €58k | €88k | €108k | €102k | €139k | ▲ 35.4% |
| Operating profit (loss)9901 | €43k | €83k | €102k | €99k | €135k | ▲ 37.0% |
| Financial charges65/66B | €161 | €89 | €81 | €137 | €87 | ▼ 36.4% |
| Recurring financial charges65 | €161 | €89 | €81 | €137 | €87 | ▼ 36.4% |
| Profit (loss) for the period before taxes9903 | €42k | €83k | €102k | €98k | €135k | ▲ 37.1% |
| Income taxes67/77 | €14k | €24k | €35k | €33k | €45k | ▲ 36.1% |
| Profit (loss) for the period9904 | €29k | €59k | €68k | €65k | €90k | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €29k | €59k | €68k | €65k | €90k | ▲ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193k | €225k | €290k | €319k | €431k | ▲ 34.9% |
| Fixed assets21/28 | €6k | €4k | €1k | €309 | €3k | ▲ 830% |
| Tangible fixed assets22/27 | €6k | €4k | €1k | €309 | €3k | ▲ 830% |
| Plant, machinery and equipment23 | €6k | €4k | €1k | €309 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €7 | - | - | - | - | - |
| Current assets29/58 | €187k | €221k | €288k | €319k | €428k | ▲ 34.1% |
| Amounts receivable within one year40/41 | €27k | €36k | €55k | €20k | €41k | ▲ 107% |
| Trade receivables40 | €20k | €36k | €55k | €20k | €41k | ▲ 107% |
| Other amounts receivable41 | €7k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €160k | €185k | €233k | €299k | €387k | ▲ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193k | €225k | €290k | €319k | €431k | ▲ 34.9% |
| Equity10/15 | €148k | €207k | €256k | €298k | €388k | ▲ 30.1% |
| Contributions10/11 | €19k | €19k | €0 | - | - | - |
| Reserves13 | €126k | €185k | €253k | €295k | €385k | ▲ 30.4% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €124k | €183k | €253k | €295k | €385k | ▲ 30.4% |
| Profit (loss) carried forward14 | €3k | €3k | €3k | €3k | €3k | = |
| Amounts payable17/49 | €45k | €18k | €34k | €21k | €43k | ▲ 102% |
| Amounts payable within one year42/48 | €45k | €18k | €34k | €21k | €43k | ▲ 102% |
| Trade debts44 | €2k | €3k | €5k | €0 | - | - |
| Suppliers440/4 | €2k | €3k | €5k | €0 | - | - |
| Taxes, remuneration and social security45 | €1k | €10k | €23k | €13k | €25k | ▲ 98.5% |
| Taxes450/3 | €1k | €10k | €23k | €13k | €25k | ▲ 98.5% |
| Other amounts payable47/48 | €41k | €5k | €6k | €8k | €17k | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €59k | €68k | €65k | €90k | ▲ 37.7% |
| + Depreciation and write-downs630 | €12k | €2k | €2k | €1k | €1k | ▲ 20.6% |
| Operating cash flow (approximation) | €41k | €61k | €70k | €66k | €91k | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | €7 | €0 | €0 | €-4k | - |
| Change in cash | - | €25k | €48k | €66k | €88k | ▲ 32.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €90k ▲37.7%
Operating result €135k, net result €90k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 12.28
Current ratio from 4.14 to 12.28; short-term debt falls from €45k to €18k.
31-12
Financial
Equity above €200kEq €207k ▲40%
5 profitable years in a row build equity to €207k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €29k ▼23.2%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €100kEq €119k ▲46.3%
3 profitable years in a row build equity to €119k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2008
Ground area
181 m²
Building footprint
120 m²
Volume, LiDAR
1,005 m³
Parcel 46445D0921/00V000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Thread
since 20082.172.589.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D0921/00V000 | Flanders | 181 m² | 1 · 120 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,591 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.