THRONE
ActiveSummary
THRONE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3,000 and a net result of €82,486. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 451 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency27▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
2.1%
Return on assets
57.1%
Age of the figures
3 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 451 sector peers (2026).
NBB · sector comparisonPosition among 451 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 14-09-2026, 139 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
139 d early
2025
130 d early
2024
144 d early
2023
96 d early
2022
85 d early
2021
89 d early
← 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 114 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 23 September (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€82,486▲ 29.5%
2025 · €63,699
Working capital
-€51,378▼ 49.2%
2025 · -€34,446
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€76,396▲ 162%€89,749▲ 17.5%€85,945▼ 4.2%€83,795▼ 2.5%€106,010▲ 26.5%
Net result€58,405▲ 173%€69,080▲ 18.3%€65,222▼ 5.6%€63,699▼ 2.3%€82,486▲ 29.5%
Equity€82,806▲ 239%€151,886▲ 83.4%€3,000▼ 98.0%€3,000=€3,000=
Total assets€109,631▲ 82.7%€165,361▲ 50.8%€135,784▼ 17.9%€117,488▼ 13.5%€144,365▲ 22.9%
Debt€26,825▼ 24.6%€13,475▼ 49.8%€132,784▲ 885%€114,488▼ 13.8%€141,365▲ 23.5%
Working capital€61,490▲ 460%€136,173▲ 121%-€35,958-€34,446▲ 4.2%-€51,378▼ 49.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 27% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €144,365
Fixed assets
€84,195 ▲ 36.1%
Current assets
€60,170 ▲ 8.2%
Equity and liabilities €144,365
Equity
€3,000 =
Debt
€141,365 ▲ 23.5%
Debt's share of the balance-sheet total rises from 97.4% to 97.9%. Debt is higher.
Key figures and ratios
EBITDA
€129,535▲
2025 · €106,443
Cash flow
€106,011▲
2025 · €86,346
Current ratio
0.54▼
2025 · 0.62
Debt to equity
47.12▲
2025 · 38.16
ROA
57.1%▲
2025 · 54.2%
Interest coverage
49.57▲
2025 · 40.96
Debt ≤ 1 year
€111,548▲
2025 · €90,075
Debt > 1 year
€29,817▲
2025 · €24,413
Income taxes
€20,986▲
2025 · €17,536
A ratio outside any meaningful range has been withheld (balance sheet total €144,365, equity €3,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 2,153 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,777 | - |
| Remuneration, social security and pensions62 | €8,542 | €8,428 | €7,148 | €7,879 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,908 | €5,602 | €17,938 | €22,648 | €23,525 | ▲ 3.9% |
| Other operating charges640/8 | €297 | €422 | €4,062 | €989 | €1,943 | ▲ 96.6% |
| Gross operating margin9900 | €90,143 | €104,201 | €115,093 | €115,310 | €131,479 | ▲ 14.0% |
| Operating profit (loss)9901 | €76,396 | €89,749 | €85,945 | €83,795 | €106,010 | ▲ 26.5% |
| Financial income75/76B | €0 | - | €203 | €38 | €75 | ▲ 97.7% |
| Recurring financial income75 | €0 | - | €203 | €38 | €75 | ▲ 97.7% |
| Financial charges65/66B | €1,386 | €1,048 | €2,719 | €2,599 | €2,613 | ▲ 0.6% |
| Recurring financial charges65 | €1,386 | €1,048 | €2,719 | €2,599 | €2,613 | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €75,010 | €88,700 | €83,429 | €81,234 | €103,472 | ▲ 27.4% |
| Income taxes67/77 | €16,605 | €19,620 | €18,207 | €17,536 | €20,986 | ▲ 19.7% |
| Profit (loss) for the period9904 | €58,405 | €69,080 | €65,222 | €63,699 | €82,486 | ▲ 29.5% |
| Profit (loss) for the period to be appropriated9905 | €58,405 | €69,080 | €65,222 | €63,699 | €82,486 | ▲ 29.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,631 | €165,361 | €135,784 | €117,488 | €144,365 | ▲ 22.9% |
| Fixed assets21/28 | €21,316 | €15,714 | €81,901 | €61,859 | €84,195 | ▲ 36.1% |
| Tangible fixed assets22/27 | €21,316 | €15,714 | €81,901 | €61,859 | €84,195 | ▲ 36.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1,367 | - |
| Furniture and vehicles24 | €21,316 | €15,714 | €81,901 | €61,859 | €82,829 | ▲ 33.9% |
| Current assets29/58 | €88,315 | €149,647 | €53,883 | €55,629 | €60,170 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €37,607 | €42,265 | €32,267 | €16,177 | €94 | ▼ 99.4% |
| Trade receivables40 | €35,735 | €41,627 | €29,861 | €14,718 | - | - |
| Other amounts receivable41 | €1,873 | €639 | €2,406 | €1,459 | €94 | ▼ 93.5% |
| Cash at bank and in hand54/58 | €50,708 | €107,382 | €17,941 | €35,914 | €56,316 | ▲ 56.8% |
| Deferred charges and accrued income490/1 | - | - | €3,675 | €3,538 | €3,759 | ▲ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,631 | €165,361 | €135,784 | €117,488 | €144,365 | ▲ 22.9% |
| Equity10/15 | €82,806 | €151,886 | €3,000 | €3,000 | €3,000 | = |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €79,806 | €148,886 | - | - | - | - |
| Amounts payable17/49 | €26,825 | €13,475 | €132,784 | €114,488 | €141,365 | ▲ 23.5% |
| Amounts payable after more than one year17 | - | - | €42,943 | €24,413 | €29,817 | ▲ 22.1% |
| Financial debts170/4 | - | - | €42,943 | €24,413 | €29,817 | ▲ 22.1% |
| Amounts payable within one year42/48 | €26,825 | €13,475 | €89,841 | €90,075 | €111,548 | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | €9,063 | - | €17,684 | €18,530 | €29,097 | ▲ 57.0% |
| Trade debts44 | €3,860 | €3,044 | €1,659 | €2,247 | €4,163 | ▲ 85.3% |
| Suppliers440/4 | €3,860 | €3,044 | €1,659 | €2,247 | €4,163 | ▲ 85.3% |
| Taxes, remuneration and social security45 | €5,955 | €5,970 | €11,133 | €10,905 | €32,182 | ▲ 195% |
| Taxes450/3 | €5,955 | €5,970 | €11,133 | €10,905 | €32,182 | ▲ 195% |
| Other amounts payable47/48 | €7,948 | €4,461 | €59,364 | €58,393 | €46,106 | ▼ 21.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,405 | €69,080 | €65,222 | €63,699 | €82,486 | ▲ 29.5% |
| + Depreciation and write-downs630 | €4,908 | €5,602 | €17,938 | €22,648 | €23,525 | ▲ 3.9% |
| Operating cash flow (approximation) | €63,313 | €74,683 | €83,160 | €86,346 | €106,011 | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | €0 | -€84,125 | -€2,606 | -€45,862 | ▼ 1,660% |
| Change in cash | - | €56,674 | -€89,441 | €17,973 | €20,402 | ▲ 13.5% |
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Highest result since 2021net €82,486 ▲29.5%
Operating result €106,010, net result €82,486, both a record.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
30-06
Financial
Liquidity triplescurrent ratio 11.11
Current ratio from 3.29 to 11.11; short-term debt falls from €26,825 to €13,475.
30-06
Financial
Equity above €150,000Eq €151,886 ▲83.4%
3 profitable years in a row build equity to €151,886.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
30-06
Financial
Liquidity doublescurrent ratio 3.29
Current ratio from 1.41 to 3.29.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Eupen · 1 establishment unit since 2021
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.
Friedrich-Hennes-Strasse 294700 Eupen1 establishment unit
THRONE
since 20212.312.207.707
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 11,215 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
Founded04-01-2021
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760788222
Also
9925:BE0760788222
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.