THred
ActiveTHred has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €-25k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.1 against 0.63 in 2024), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€25k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
14 d late
2023
30 d late
2022
31 d late
2021
61 d late
2020
9 d late
2019
31 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€111k▼ 18.4%
2024 · €136k
2018: €53k
2019: €81k
2020: €139k
2021: €199k
2022: €207k
2023: €196k
2024: €136k
2018 → 2025
Total assets
€137k▼ 15.4%
2024 · €161k
2018: €59k
2019: €99k
2020: €169k
2021: €329k
2022: €220k
2023: €232k
2024: €161k
2018 → 2025
Net result
€-25k▲ 58.8%
2024 · €-61k
2018: €-21k
2019: €28k
2020: €58k
2021: €59k
2022: €8k
2023: €19k
2024: €-61k
2018 → 2025
Working capital
€-23k▼ 147%
2024 · €-10k
2018: €42k
2019: €64k
2020: €121k
2021: €123k
2022: €54k
2023: €51k
2024: €-10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€207k▲ 4.2%€196k▼ 5.2%€136k▼ 30.9%€111k▼ 18.4%
Operating result€77k-€16k▼ 78.7%€30k▲ 80.5%€-60k€-25k▲ 59.0%
Net result€59k-€8k▼ 86.1%€19k▲ 131%€-61k€-25k▲ 58.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €60k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€134k▼ 7.6%
Current assets
€3k▼ 84.3%
Equity and liabilities €137k
Equity
€111k▼ 18.4%
Debt
€26k▲ 0.6%
The debt ratio rises from 16.0% to 19.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-51k
Cash flow
€-14k▲
2024 · €-51k
Solvency
80.9%▼
2024 · 84.0%
Current ratio
0.10▼
2024 · 0.63
Quick ratio
0.10▼
2024 · 0.63
Debt / equity
0.24▲
2024 · 0.19
ROE
-22.6%▲
2024 · -44.6%
ROA
-18.3%▲
2024 · -37.5%
Interest coverage
-71.46▲
2024 · -185.28
Debt
€26k▲
2024 · €26k
Debt ≤ 1 year
€26k▲
2024 · €26k
Income taxes
€141▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€161k€137k▼
Fixed assets21/28€145k€134k▼
Tangible fixed assets22/27€145k€134k▼
Land and buildings22€128k€125k▼
Furniture and vehicles24€15k€7k▼
Other tangible fixed assets26€2k€2k=
Current assets29/58€16k€3k▼
Amounts receivable within one year40/41€10k€202▼
Trade receivables40€6k€0▼
Other amounts receivable41€3k€202▼
Cash at bank and in hand54/58€5k€992▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€161k€137k▼
Equity10/15€136k€111k▼
Contributions10/11€13k€13k=
Reserves13€123k€112k▼
Distributable reserves133€123k€112k▼
Profit (loss) carried forward14€0€-14k▼
Amounts payable17/49€26k€26k▲
Amounts payable within one year42/48€26k€26k▲
Financial debts43€0€155▲
Credit institutions430/8€0€155▲
Trade debts44€1k€658▼
Suppliers440/4€1k€658▼
Taxes, remuneration and social security45€309€280▼
Taxes450/3€309€280▼
Other amounts payable47/48€24k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€629€648▲
Gross operating margin9900€-50k€-13k▲
Operating profit (loss)9901€-60k€-25k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€274€191▼
Recurring financial charges65€274€191▼
Profit (loss) for the period before taxes9903€-60k€-25k▲
Income taxes67/77€140€141▲
Profit (loss) for the period9904€-61k€-25k▲
Profit (loss) for the period to be appropriated9905€-61k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-25k▲
Transfer from equity791/2€61k€11k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Directors or managers695€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet €-61k ▼417%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €207k ▲4.2%
4 profitable years in a row build equity to €207k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €59k ▲1.7%
Net result €59k, the highest in the series.
31-12
Financial
Equity above €150kEq €199k ▲42.7%
3 profitable years in a row build equity to €199k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Equity above €100kEq €139k ▲72.4%
2 profitable years in a row build equity to €139k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2020
Honings, Antoon
CurrentDirector · since 01-01-2020
01-01-2020
Appointed as Director
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 21500 HalleGround area
353 m²
Building footprint
365 m²
Volume, LiDAR
5,798 m³
Parcel 23027G0132/00F000, Flanders · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
THred
since 20132.220.409.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0132/00F000 | Flanders | 353 m² | 1 · 365 m² | 23.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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Ten Uitcante
BE 0420.026.430
Maarkedal · Eq €111k
STEEL & VANLYS
BE 0862.432.641
Brussel · Eq €111k
INVEST-IN-IMMO
BE 0473.358.911
Zwevegem · Eq €111k
DR INVESTMENTS
BE 0778.755.590
Beersel · Eq €111k
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 5,184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2013
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68121Development of residential building projects
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.