THRIVE
ActiveSummary
The computed 12-month bankruptcy probability of THRIVE is 2.6% (moderate). The 2025 annual accounts show equity of €675,247 and a net result of -€450,169. Equity is shrinking by about 40% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 44% of 9,797 sector peers (NACE 46, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of beverages, general range
NACE 46349
1 site
Size
€1.8mtotal assets 2025
- Staff
- 3.1 FTE
- Equity
- €675,247
- Loss
- -€450,169
Turnover not published (abbreviated or micro format)Total assets +126%: capital increase
Structure
- Largest shareholder
- MGO Invest · 28.57%
- FLEMISH INVESTMENT CORPORATIONDirector · permanent representative VANDERVELDEN Jurgen
- OverthriveDaily manager · permanent representative D’HOORE Laurens Alexander
2025 accounts filed 60 days late5 of 7 deeds summarised
Why 52raises riskLoss of €450,169, the second in a row (financial year 2025)Last filed accounts filed 60 days late; 2 of the last 3 late1 change of registered office in 24 monthslowers riskLiquidity: current ratio 4.41, cash €272,955Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 54% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency
62+62
equity 37.4% of total assets
Liquidity
62+9
short-term debt 21.5% · cash 15.1%
Profitability
0=
return on assets -24.9%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%
12-2024: 2.5%● unchanged vs 11-2024
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.4%▼ -0.1 percentage points vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025lowest value
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.5%▲ +0.1 percentage points vs 06-2025
08-2025: 3.2%▲ +0.7 percentage points vs 07-2025
09-2025: 2.5%▼ -0.7 percentage points vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.7%▲ +0.2 percentage points vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026
07-2026: 4.4%▲ +1.7 percentage points vs 06-2026
08-2026: 5.4%▲ +1.0 percentage point vs 07-2026
09-2026: 5.9%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 2.6%▼ -3.3 percentage points vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.41, compared with 2.41 in 2024, above the usual 1.5; short-term debt: 21.5% and cash: 15.1% of total assets), but 62.6% 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 46, micro): better than 46% on solvency, 68% on liquidity, 6% on profitability and 97% on growth.
The bankruptcy probability was computed on 29-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 6 filingsDeviation from the deadline
2025
60 days late
2024
28 days late
2023
92 days late
2022
123 days late
2021
19 days late
2020
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 69 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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 29 September (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Permanent representatives: Isabel Walcarius and Laurens…Registered-office move
- Equity above €500,000equity €675,247
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548141.
Equity
€675,247
2024 · -€388,639
Total assets
€1.8m▲ 126%
2024 · €799,733
Net result
-€450,169▼ 67.9%
2024 · -€268,156
Working capital
€1.3m▲ 239%
2024 · €390,573
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result stays negative: a loss of €427,468 in 2025 against €247,571 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.4m
2025
Net result-€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2025
Equity€0.7m
2025
Debt€1.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-24.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency37.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.41
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.04m-€0.07m▲ 64.6%-€0.3m-€0.5m▼ 60.5%-€0.2m▲ 50.9%-€0.4m▼ 72.7%
Net result€0.03mabove the sector's middle half-€0.07mabove the sector's middle half▲ 92.8%-€0.3mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 60.0%-€0.3mbelow the sector's middle half▲ 48.2%-€0.5mbelow the sector's middle half▼ 67.9%
Equity€0.04mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 187%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 110%-€0.4mbelow the sector's middle half▼ 21.3%€0.7mwithin the sector's middle half
Total assets€0.1mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 61.1%€0.3mwithin the sector's middle half▲ 87.3%€0.9mabove the sector's middle half▲ 144%€0.8mwithin the sector's middle half▼ 5.9%€1.8mwithin the sector's middle half▲ 126%
Debt€0.08m-€0.09m▲ 6.1%€0.5m▲ 487%€1.2m▲ 134%€1.2m▲ 1.5%€1.1m▼ 4.9%
Working capital€0.02mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 584%€0.07mwithin the sector's middle half▼ 31.3%€0.4mabove the sector's middle half▲ 460%€0.4mwithin the sector's middle half▼ 4.1%€1.3mabove the sector's middle half▲ 239%
Solvency30.3%within the sector's middle half-54.1%within the sector's middle half▲ 23.8pp-43.7%below the sector's middle half▼ 97.9pp-37.7%below the sector's middle half▲ 6.1pp-48.6%below the sector's middle half▼ 10.9pp37.4%within the sector's middle half▲ 86.0pp
Current ratio1.41within the sector's middle half-2.97within the sector's middle half▲ 1.561.41within the sector's middle half▼ 1.562.55within the sector's middle half▲ 1.142.41within the sector's middle half▼ 0.144.41above the sector's middle half▲ 2.01
Return on assets (ROA)29.5%above the sector's middle half-35.3%above the sector's middle half▲ 5.8pp-92.9%below the sector's middle half▼ 128.1pp-60.9%below the sector's middle half▲ 31.9pp-33.5%below the sector's middle half▲ 27.4pp-24.9%below the sector's middle half▲ 8.6pp
Staff (FTE)2.94.3▲ 48.3%2.4within the sector's middle half▼ 44.2%3.1within the sector's middle half▲ 29.2%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2025 Total assets +126% on 2024. Capital increase of €1,514,054 (Official Gazette 29-07-2025).
- 2023 Total assets +144% on 2022. Capital increase of €350,000 (Official Gazette 21-04-2023).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€94,067 ▼ 28.5%
Current assets
€1.7m ▲ 156%
Equity and liabilities €1.8m
Equity
€675,247
Debt
€1.1m
Debt finances 62.6% of the balance-sheet total.
Key figures and ratios
EBITDA
-€395,537▼
2024 · -€211,360
Cash flow
-€418,238▼
2024 · -€231,946
Quick ratio
3.41▲
2024 · 1.36
Debt to equity
1.67
ROE
-66.7%
Interest coverage
-13.42▼
2024 · -10.47
Debt ≤ 1 year
€387,926▲
2024 · €277,652
Debt > 1 year
€742,356▼
2024 · €908,215
Income taxes
€41▼
2024 · €409
Staff costs
€147,605▲
2024 · €123,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.4%
stopped otherwise
87.4%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,591 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,468 | €125,830 | €191,462 | €123,655 | €147,605 | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,322 | €5,032 | €21,722 | €33,867 | €36,211 | €31,931 | ▼ 11.8% |
| Other operating charges640/8 | - | €1,579 | €18,743 | €30,910 | €43,305 | €60,357 | ▲ 39.4% |
| Gross operating margin9900 | €48,094 | €81,051 | -€147,971 | -€248,129 | -€44,400 | -€187,574 | ▼ 322% |
| Operating profit (loss)9901 | €43,119 | €70,972 | -€314,266 | -€504,367 | -€247,571 | -€427,468 | ▼ 72.7% |
| Financial income75/76B | - | €81 | €351 | €36 | €5 | €6,806 | ▲ 1,483× |
| Recurring financial income75 | - | €81 | €351 | €36 | €5 | €6,806 | ▲ 1,483× |
| Financial charges65/66B | - | €1,733 | €9,519 | €13,212 | €20,181 | €29,466 | ▲ 46.0% |
| Recurring financial charges65 | €431 | €1,733 | €9,519 | €13,212 | €20,181 | €29,466 | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | €42,688 | €69,319 | -€323,433 | -€517,544 | -€267,748 | -€450,128 | ▼ 68.1% |
| Income taxes67/77 | €8,627 | €3,655 | €333 | €409 | €409 | €41 | ▼ 89.9% |
| Profit (loss) for the period9904 | €34,061 | €65,663 | -€323,766 | -€517,953 | -€268,156 | -€450,169 | ▼ 67.9% |
| Profit (loss) for the period to be appropriated9905 | €34,061 | €65,663 | -€323,766 | -€517,953 | -€268,156 | -€450,169 | ▼ 67.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.1m | €0.2m | €0.3m | €0.9m | €0.8m | €1.8m | ▲ 126% |
| Fixed assets21/28 | €0.06m | €0.03m | €0.1m | €0.2m | €0.1m | €0.09m | ▼ 28.5% |
| Intangible fixed assets21 | €0.007m | €0.02m | €0.01m | €0.1m | €0.09m | €0.08m | ▼ 17.9% |
| Tangible fixed assets22/27 | €0.05m | €0.008m | €0.08m | €0.07m | €0.04m | €0.02m | ▼ 56.5% |
| Furniture and vehicles24 | - | €0.008m | €0.08m | €0.07m | €0.04m | €0.02m | ▼ 56.5% |
| Financial fixed assets28 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.05m | €0.2m | €0.3m | €0.7m | €0.7m | €1.7m | ▲ 156% |
| Stocks and contracts in progress3 | - | €0.01m | €0.07m | €0.3m | €0.3m | €0.4m | ▲ 33.1% |
| Stocks30/36 | - | €0.01m | €0.07m | €0.3m | €0.3m | €0.4m | ▲ 33.1% |
| Amounts receivable within one year40/41 | €0.003m | €0.007m | €0.05m | €0.2m | €0.3m | €0.2m | ▼ 4.8% |
| Trade receivables40 | - | €0.007m | €0.04m | €0.1m | €0.1m | €0.2m | ▲ 24.6% |
| Other amounts receivable41 | - | €40 | €0.01m | €0.07m | €0.1m | €0.07m | ▼ 41.4% |
| Current investments50/53 | - | - | - | - | - | €0.8m | - |
| Cash at bank and in hand54/58 | €0.05m | €0.1m | €0.1m | €0.2m | €0.1m | €0.3m | ▲ 131% |
| Deferred charges and accrued income490/1 | - | €0.01m | €0.004m | €0.01m | €0.001m | €0.006m | ▲ 340% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.1m | €0.2m | €0.3m | €0.9m | €0.8m | €1.8m | ▲ 126% |
| Equity10/15 | €0.04m | €0.1m | -€0.2m | -€0.3m | -€0.4m | €0.7m | - |
| Contributions10/11 | - | €0.003m | €0.07m | €0.4m | €0.6m | €2.1m | ▲ 243% |
| Reserves13 | €0.03m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | - | - | -€0.3m | -€0.8m | -€1.1m | -€1.6m | ▼ 40.6% |
| Amounts payable17/49 | €0.08m | €0.09m | €0.5m | €1.2m | €1.2m | €1.1m | ▼ 4.9% |
| Amounts payable after more than one year17 | €0.04m | €0.03m | €0.3m | €0.9m | €0.9m | €0.7m | ▼ 18.3% |
| Financial debts170/4 | - | €0.03m | €0.3m | €0.9m | €0.9m | €0.7m | ▼ 18.3% |
| Amounts payable within one year42/48 | €0.04m | €0.05m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 39.7% |
| Current portion of amounts payable after more than one year42 | - | €0.01m | €0.07m | €0.1m | €0.06m | €0.2m | ▲ 184% |
| Trade debts44 | €0.007m | €0.02m | €0.05m | €0.1m | €0.2m | €0.2m | ▲ 1.1% |
| Suppliers440/4 | - | €0.02m | €0.05m | €0.1m | €0.2m | €0.2m | ▲ 1.1% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.05m | €0.02m | €0.03m | €0.02m | ▼ 16.7% |
| Taxes450/3 | - | €0.02m | €0.01m | €0.002m | €0.006m | €0.006m | ▲ 0.9% |
| Remuneration and social security454/9 | - | - | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 21.6% |
| Other amounts payable47/48 | - | €0.002m | €0.01m | €223 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €387 | - | €0.003m | €299 | ▼ 88.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,061 | €65,663 | -€323,766 | -€517,953 | -€268,156 | -€450,169 | ▼ 67.9% |
| + Depreciation and write-downs630 | €4,322 | €5,032 | €21,722 | €33,867 | €36,211 | €31,931 | ▼ 11.8% |
| Operating cash flow (approximation) | €38,382 | €70,695 | -€302,044 | -€484,086 | -€231,946 | -€418,238 | ▼ 80.3% |
| Investment in fixed assets (approximation) | - | €30,784 | -€91,693 | -€117,244 | €12,080 | €5,510 | ▼ 54.4% |
| Change in cash | - | €76,949 | €74 | €76,971 | -€84,299 | €154,668 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-09-2026 | 2026-00548141 |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00431545 |
| 31-12-2023 | micro format | 31-10-2024 | 2024-00523060 |
| 31-12-2022 | micro format | 01-12-2023 | 2023-00521501 |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20321733 |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74500181 |
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Of the 1,538 active companies whose main activity is wholesale of beverages, general range (NACE 46349), figures are known for 994. 631 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €76,928 awarded · €76,928 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €4,500 | €4,500 |
| 2024 | 3 | €3,241 | €9,907 |
| 2023 | 3 | €12,187 | €30,521 |
| 2022 | 2 | €57,000 | €32,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2023
Board 2
FLEMISH INVESTMENT CORPORATION
CurrentDirector · since 21-04-2023 · Private limited company · permanent representative: VANDERVELDEN Jurgen
Overthrive
CurrentDirector · since 21-04-2023 · Private limited company · permanent representative: D’HOORE Laurens Alexander
Day-to-day management 1
Overthrive
CurrentDay-to-day manager · since 06-04-2023 · Private limited company · permanent representative: D’HOORE Laurens Alexander
Permanent representatives 2
D’HOORE Laurens Alexander
CurrentPermanent representative · since 21-04-2023 · for Overthrive
VANDERVELDEN Jurgen
CurrentPermanent representative · since 21-04-2023 · for FLEMISH INVESTMENT CORPORATION
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
4 people since 2023, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Overthrive |
|
| FLEMISH INVESTMENT CORPORATION |
|
| D’HOORE Laurens Alexander |
|
| Thomas Deryckere |
|
Owners and capital
Owners
2 ownersOwners 2
-
28.57%
-
16.23%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Shareholders according to the deeds
After 2 capital increases
act of 29-08-2024 ↗
- D'HOORE Marc Peter Baudewijn 336 shares · €180,172.42 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 29-07-2025 Capital increase of €1,514,054.08 · 245,788 new shares · in cash
- 29-08-2024 Capital increase of €180,172.42 · 336 new shares · in cash
- 29-08-2024 Capital increase of €19,840.42 · 37 new shares · in cash
- 21-04-2023 Capital increase of €350,000 · 1,225 new shares · in cash
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Linked via shared directors
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History
THRIVE was incorporated on 29 April 2020 as a private limited company.1 Between 2023 and 2025 the capital was increased 3 times.234 The registered office was moved to Gent in 2026.5 Total assets rose from €115,566 in 2020 to €1.8m in 2025 and headcount from 2.9 full-time equivalents in 2022 to 3.1 in 2025.6
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
29-09
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 60 days late
16-06
Gazette deed
Permanent representatives: Isabel Walcarius and Laurens D'HooreRegistered-office move5 facts ▸
Gazette deed
Permanent representatives: Isabel Walcarius and Laurens D'Hoore
Registered-office move5 facts ▸
- Board meeting, 23-02-2026
- Registered-office move, Coupure Rechts 88, 9000 Gent
- Other provision, “vertegenwoordiger”, representation (deed in Dutch)
- Permanent representative, Isabel Walcarius
- Permanent representative, Laurens D'Hoore
2025
31-12
Financial
Equity above €500,000equity €675,247
Equity rises from -€388,639 to €675,247.
28-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 28 days late
29-07
Gazette deed
Appointment: Overthrive (day-to-day manager)Permanent representative: D’HOORE Laurens Alexander · Amendment of the articles · Financial instrument22 facts ▸
Gazette deed
Appointment: Overthrive (day-to-day manager)
Permanent representative: D’HOORE Laurens Alexander · Amendment of the articles · Financial instrument22 facts ▸
- Amendment of the articles (2 times)
- Financial instrument, “vernietiging, inschrijvingsrechten” (deed in Dutch)
- Declaration, “verzaking verslag bestuursorgaan, uitgifte van nieuwe aandelen door inbreng in geld” (deed in Dutch)
- Capital increase, €1,514,054.08
- Capital (2 times)
- Amendment of the articles, 5
- Other provision, “voorzitter”, director discharge (deed in Dutch)
- Declaration, “ieder afzonderlijk en individueel, afstand voorkeurrecht” (deed in Dutch)
- Other provision, “opdracht notaris, coördinatie statuten opmaken en ondertekenen, neerlegging in vennootschapsdossier verzorgen” (deed in Dutch)
- Power of attorney
- Power of attorney, MAREL
- Correction, “correctie publicatie”, 06-04-2023 (deed in Dutch)
- +10 further facts in this act
2024
31-10
NBB filing
Annual accounts filed
financial year 2023 · micro format · 92 days late
29-08
Gazette deed
Capital & shares · Amendment of the articlesKind of shares · Capital · Capital increase12 facts ▸
Gazette deed
Capital & shares · Amendment of the articles
Kind of shares · Capital · Capital increase12 facts ▸
- General meeting, 19-08-2024
- Kind of shares, “overdracht van 278 aandelen soort A en toepassing artikel 5,vijfde lid”, 278 (deed in Dutch)
- Capital
- Other provision, “uitgifte nieuwe aandelen die niet evenredig aan aantal uitgegeven aandelen binnen elke soort gebeurt is wijziging rechten verbonden aan elke soort, verslag rech…” (deed in Dutch)
- Other provision, “verzaken verslag uitgifteprijs en gevolgen, eenparigheid van stemmen verzaken aan opstellen verslag bestuursorgaan inzake verantwoording uitgifteprijs en beschr…” (deed in Dutch)
- Capital increase, €180,172.42
- Capital increase, €19,840.42
- Bank account, EUR, 16-08-2024
- Approval, “vaststelling verwezenlijking bijkomende inbreng”, 200012.84 (deed in Dutch)
- Amendment of the articles, “5,eerste en tweede lid” (deed in Dutch)
- Power of attorney, Camille MESSINE
- Power of attorney
2023
31-12
Financial
Weakest financial yearnet -€517,953
Net result drops to -€517,953, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
financial year 2022 · micro format · 123 days late
21-04
Gazette deed
Resignation: D’Hoore Laurens Alexander (statutory director)Appointments: Overthrive (director) and FLEMISH INVESTMENT CORPORATION (director) · Permanent representatives: D’Hoore Laurens Alexander and VANDERVELDEN Jurgen · Capital increase21 facts ▸
Gazette deed
Resignation: D’Hoore Laurens Alexander (statutory director)
Appointments: Overthrive (director) and FLEMISH INVESTMENT CORPORATION (director) · Permanent representatives: D’Hoore Laurens Alexander and VANDERVELDEN Jurgen · Capital increase21 facts ▸
- General meeting, 06-04-2023
- Other provision, “vrijstelling voorlezing verslag, ontslag voorzitter van voorlezing” (deed in Dutch)
- Other provision, “verzaking verslag bestuursorgaan uitgifteprijs, verantwoording uitgifteprijs en beschrijving gevolgen verrichting voor vermogens-en lidmaatschapsrechten” (deed in Dutch)
- Capital increase, €350,000
- Capital contribution, €350,000 (2 times)
- Bank account, “Etterbeek”, EUR (deed in Dutch)
- Other provision, 06-04-2023
- Capital (2 times)
- Amendment of the articles, 5
- Kind of shares, 12336, “onderverdeling in soorten A en B en C” (deed in Dutch)
- Amendment of the articles, 9
- Amendment of the articles (2 times)
- +9 further facts in this act
29-03
Gazette deed
Resignation: Thomas Deryckere (director)2 facts ▸
Gazette deed
Resignation: Thomas Deryckere (director)
2 facts ▸
- General meeting, 07-11-2022
- Director resignation, Thomas Deryckere (director)
2022
19-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 19 days late
Show earlier events
2021
31-12
Financial
Highest result from 2020 to 2025net €65,663 ▲92.8%
Operating result €70,972, net result €65,663, both a record.
31-12
Financial
Liquidity more than doubledcurrent ratio 2.97
Current ratio from 1.41 to 2.97.
31-12
Financial
Equity above €100,000equity €100,724 ▲187%
A profit in every financial year since 2020 builds equity to €100,724.
28-10
NBB filing
Annual accounts filed
financial year 2020 · micro format · 89 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
5 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded29-04-2020
Financial year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746581185
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGentunit no. 2.302.885.314
Legal Entity Identifier
699400S70F9APCZSRG62
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Ground area
6,467 m²
Building footprint
918 m²
Building volume
9,504 m³
2 parcels, Flanders · tallest building 18.5 m. Linked by address, not a title deed.
128
companies at this address
See who is registered here
1 establishment unit
THRIVE INVEST
since 2020unit no. 2.302.885.314
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44062B0005/00G000 | Flanders | 5,673 m² | 1 · 619 m² | 9.9 m · 3 |
| 44815F2048/00V002 | Flanders | 794 m² | 1 · 299 m² | 18.5 m · 6 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het zelf of in opdracht van laten uitvoeren van alle activiteiten met betrekking de productie van alcoholische en niet alcoholische dranken…” (deed in Dutch)deed of 29-07-2025
4 activities (deed in Dutch)
- Het zelf of in opdracht van laten uitvoeren van alle activiteiten met betrekking de productie van alcoholische en niet alcoholische dranken, sportdranken en toebehoren. De verdere distributie, commercialisatie en marketing voor alle producten, alsook alle mogelijke promotiemateriaal en -middelen
- Groothandel en detailhandel in dranken en andere producten
- De uitbating en het voeren van alle mogelijke activiteiten in verband met de horecasector, in de meest ruime zin
- Het uitoefenen van consultingfuncties op onafhankelijke wijze en het verlenen van bijstand, advies en leiding aan bedrij-ven, privé-personen en instellingen, in het bijzonder doch niet uitslui-tend voor investeringen binnen de private equity sector, evenals op het vlak van algemeen management, marque-ting, human resources, productie en ontwik-keling, processing en het besturen van vennootschap-pen, dit alles in de meest ruime betekenis
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 29-07-2025
- Name clauseThe name the company operates under according to its articles.
- THRIVEdeed of 21-04-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, kan worden overgebracht naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het Nederlands…” (deed in Dutch)deed of 29-07-2025
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De bestuurders kunnen de uitoefening van een deel van hun bevoegdheid ten titel van bijzondere volmacht opdragen aan een derde aangestelde…”deed of 21-04-2023
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointlydeed of 29-07-2025
- Board ruleHow the board is made up, meets and takes decisions.
- “Hun mandaat is onberperkt hernieuwbaar, Ingeval het mandaat van een bestuurder vroegtijdig openvalt ten gevolge van overlijden, ontslag of…” (deed in Dutch)“Het mandaat van de bestuurders is onbezoldigd” (deed in Dutch)“Het bestuursorgaan vergadert zo dikwijls als de belangen van de vennootschap dit vereisen in de zetel van de vennootschap of op elke andere…” (deed in Dutch)“Het bestuursorgaan kan enkel geldig beraadslagen en beslissen indien de quorumvereisten opgenomen in de Inschrijvings- en…” (deed in Dutch)deed of 29-07-2025
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 29-07-2025
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “In afwijking op artikel 5:63, §1 van het Wetboek van vennootschappen en verenigingen zijn de aandelen van de vennootschap vrij overdraagbaar” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 09:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed