Thuiszorg Brabant
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 04-06-2026 PDF all 20 filings
Turnover
€1.3m▼ 64.1%
2024 · €3.6m
EBIT margin
0.2%▲ 0.3pp
2024 · -0.1%
Net result
€1,903
2024 · -€2,782
Working capital
€322,197▼ 4.7%
2024 · €338,014
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€1.3m
▼ 64.1%
2025
20182025
Operating result
€2,476
2025
20182025
Net result
€1,903
2025
lowest quarter of the sector
20182025
EBIT margin
0.2%
▲ 0.3pp
2025
20182025
Equity
€347,402
▲ 0.6%
2025
middle half of the sector
20182025
Total assets
€464,136
▼ 14.6%
2025
middle half of the sector
20182025
Debt
€116,735
▼ 32.0%
2025
20182025
Working capital
€322,197
▼ 4.7%
2025
middle half of the sector
20182025
Solvency
74.8%
▲ 11.3pp
2025
middle half of the sector
20182025
Current ratio
3.76
▲ 0.79
2025
middle half of the sector
20182025
Return on assets (ROA)
0.4%
▲ 0.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
5.5
=
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.1m-€3.2m▲ 1.7%€3.5m▲ 8.6%€3.9m▲ 13.1%€3.8m▼ 4.5%€3.5m▼ 6.4%€3.6m▲ 1.6%€1.3m▼ 64.1%
Operating result€0.07m-€0.08m▲ 6.3%€0.005m▼ 94.0%€0.01m▲ 219%€0.005m▼ 68.4%€0.06m▲ 12×-€0.002m€0.002m
Net result€0.07m-€0.08m▲ 7.8%€0.004mbelow the sector's middle half▼ 94.7%€0.01mbelow the sector's middle half▲ 239%€0.004mbelow the sector's middle half▼ 71.4%€0.05mwithin the sector's middle half▲ 14×-€0.003mbelow the sector's middle half€0.002mbelow the sector's middle half
EBIT margin2.3%-2.4%▲ 0.1pp0.1%▼ 2.3pp0.4%▲ 0.2pp0.1%▼ 0.3pp1.6%▲ 1.4pp-0.1%▼ 1.6pp0.2%▲ 0.3pp
Equity€0.2m-€0.3m▲ 40.8%€0.3mwithin the sector's middle half▲ 1.5%€0.3mwithin the sector's middle half▲ 5.1%€0.3mwithin the sector's middle half▲ 1.4%€0.3mwithin the sector's middle half▲ 18.7%€0.3mwithin the sector's middle half▼ 0.8%€0.3mwithin the sector's middle half▲ 0.6%
Total assets€0.5m-€0.5m▲ 7.1%€0.4mwithin the sector's middle half▼ 14.3%€0.6mwithin the sector's middle half▲ 31.6%€0.4mbelow the sector's middle half▼ 31.8%€0.4mbelow the sector's middle half▲ 19.8%€0.5mwithin the sector's middle half▲ 21.0%€0.5mwithin the sector's middle half▼ 14.6%
Debt€0.2m-€0.2m▼ 22.8%€0.09m▼ 49.6%€0.2m▲ 127%€0.08m▼ 59.9%€0.08m▲ 0.8%€0.2m▲ 114%€0.1m▼ 32.0%
Working capital€0.2m-€0.3m▲ 36.6%€0.3mwithin the sector's middle half▲ 3.9%€0.3mwithin the sector's middle half▲ 6.8%€0.3mwithin the sector's middle half▼ 16.3%€0.4mwithin the sector's middle half▲ 25.8%€0.3mwithin the sector's middle half▼ 7.5%€0.3mwithin the sector's middle half▼ 4.7%
Solvency42.3%-55.6%▲ 13.3pp65.8%within the sector's middle half▲ 10.3pp52.6%within the sector's middle half▼ 13.2pp78.2%within the sector's middle half▲ 25.6pp77.5%within the sector's middle half▼ 0.7pp63.6%within the sector's middle half▼ 14.0pp74.8%within the sector's middle half▲ 11.3pp
Current ratio2.02-2.80▲ 0.784.72within the sector's middle half▲ 1.922.76within the sector's middle half▼ 1.964.65within the sector's middle half▲ 1.895.56within the sector's middle half▲ 0.912.97within the sector's middle half▼ 2.583.76within the sector's middle half▲ 0.79
Return on assets (ROA)16.0%-16.1%▲ 0.1pp1.0%below the sector's middle half▼ 15.1pp2.6%below the sector's middle half▲ 1.6pp1.1%below the sector's middle half▼ 1.5pp12.2%within the sector's middle half▲ 11.1pp-0.5%below the sector's middle half▼ 12.7pp0.4%below the sector's middle half▲ 0.9pp
Staff (FTE)10.9-10.1▼ 7.3%5.3within the sector's middle half▼ 47.5%6within the sector's middle half▲ 13.2%5.9within the sector's middle half▼ 1.7%6.1within the sector's middle half▲ 3.4%5.5within the sector's middle half▼ 9.8%5.5within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €2,476, after a loss of €2,062 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464,136
Fixed assets
€25,327 ▼ 26.1%
Current assets
€438,810 ▼ 13.8%
Equity and liabilities €464,136
Equity
€347,402 ▲ 0.6%
Provisions
€0 ▼ 100%
Debt
€116,735 ▼ 32.0%
Debt's share of the balance-sheet total falls from 31.6% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,435▲
2024 · €8,144
Cash flow
€10,862▲
2024 · €7,424
Debt to equity
0.34▼
2024 · 0.50
ROE
0.5%▲
2024 · -0.8%
Interest coverage
19.95▲
2024 · 11.32
Debt ≤ 1 year
€116,612▼
2024 · €171,310
Customer credit
31 days▼
2024 · 36 days
Supplier credit
20 days▲
2024 · 8 days
Staff costs
€348,032▲
2024 · €327,574
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 6 | 6 | 6 |
| full-time | 5 | 4 | 5 | 5 | 5 |
| part-time | 2 | 3 | 1 | 1 | 1 |
| in full-time equivalents | 6.3 | 5.8 | 5.5 | 5.5 | 5.5 |
| Average over the year, in full-time equivalents | 6 | 5.9 | 6.1 | 5.5 | 5.5 |
| On a permanent contract | 7 | 7 | 6 | 6 | 6 |
| Joined | - | - | 2 | - | - |
| Left | - | - | 3 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,767 | €938 | €572 | €40,941 | - |
| Depreciation and write-downs of the year | €1,716 | €1,903 | €2,018 | €10,206 | €8,959 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €56,647 awarded · €56,647 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €37,012 | €37,012 |
| 2022 | 1 | €19,635 | €19,635 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €3.1m | €3.2m | €3.5m | €3.9m | €3.8m | €3.5m | €3.6m | €1.3m | ▼ 64.1% |
| Membership fees, donations, legacies and grants73 | - | - | - | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | ▲ 5.2% |
| Non-recurring operating income76A | - | - | - | - | €0.002m | €1 | €0 | €1 | ▲ 256% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €4.0m | €3.9m | €3.6m | €3.7m | €1.4m | ▼ 62.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | €0.01m | €0.009m | ▼ 12.2% |
| Other operating charges640/8 | - | - | - | €0.008m | €0.006m | €0.02m | €0.02m | €0.03m | ▲ 38.2% |
| Non-recurring operating charges66A | - | - | - | €0.005m | €0.001m | €23 | €9 | €335 | ▲ 37× |
| Gross operating margin9900 | €0.6m | €0.6m | €0.3m | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 0.2% |
| Operating profit (loss)9901 | €0.07m | €0.08m | €0.005m | €0.01m | €0.005m | €0.06m | -€0.002m | €0.002m | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 20.3% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.08m | €0.004m | €0.01m | €0.004m | €0.05m | -€0.003m | €0.002m | - |
| Profit (loss) for the period9904 | €0.07m | €0.08m | €0.004m | €0.01m | €0.004m | €0.05m | -€0.003m | €0.002m | - |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.08m | €0.004m | €0.01m | €0.004m | €0.05m | -€0.003m | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €455,696 | €488,104 | €418,213 | €550,310 | €375,151 | €449,274 | €543,610 | €464,136 | ▼ 14.6% |
| Fixed assets21/28 | €2,270 | €1,991 | €5,910 | €5,961 | €4,996 | €3,550 | €34,285 | €25,327 | ▼ 26.1% |
| Tangible fixed assets22/27 | €2,270 | €1,991 | €5,910 | €5,961 | €4,996 | €3,550 | €34,285 | €25,327 | ▼ 26.1% |
| Furniture and vehicles24 | - | - | - | €5,961 | €4,996 | €3,550 | €34,285 | €25,327 | ▼ 26.1% |
| Current assets29/58 | €453,426 | €486,113 | €412,303 | €544,349 | €370,155 | €445,724 | €509,325 | €438,810 | ▼ 13.8% |
| Amounts receivable within one year40/41 | €261,318 | €223,974 | €279,229 | €331,100 | €150,919 | €287,339 | €455,564 | €224,575 | ▼ 50.7% |
| Trade receivables40 | - | - | - | €327,435 | €85,726 | €287,282 | €352,037 | €109,575 | ▼ 68.9% |
| Other amounts receivable41 | - | - | - | €3,665 | €65,194 | €57 | €103,528 | €115,000 | ▲ 11.1% |
| Cash at bank and in hand54/58 | €190,068 | €260,141 | €131,591 | €202,107 | €218,208 | €156,650 | €52,006 | €212,198 | ▲ 308% |
| Deferred charges and accrued income490/1 | - | - | - | €11,142 | €1,028 | €1,735 | €1,754 | €2,037 | ▲ 16.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €455,696 | €488,104 | €418,213 | €550,310 | €375,151 | €449,274 | €543,610 | €464,136 | ▼ 14.6% |
| Equity10/15 | €192,633 | €271,161 | €275,340 | €289,488 | €293,529 | €348,280 | €345,498 | €347,402 | ▲ 0.6% |
| Contributions10/11 | - | - | - | - | €508,383 | €508,383 | €508,383 | €508,383 | = |
| Capital10 | - | - | - | - | €508,383 | €508,383 | €508,383 | €508,383 | = |
| Profit (loss) carried forward14 | -€315,750 | -€237,223 | -€233,043 | -€218,895 | -€214,854 | -€160,103 | -€162,885 | -€160,982 | ▲ 1.2% |
| Provisions and deferred taxes16 | €38,455 | €43,536 | €55,409 | €62,481 | €1,996 | €20,764 | €26,434 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €62,481 | €1,996 | €20,764 | €26,434 | - | - |
| Other liabilities and charges164/5 | - | - | - | €62,481 | €1,996 | €20,764 | €26,434 | - | - |
| Amounts payable17/49 | €224,608 | €173,407 | €87,464 | €198,341 | €79,625 | €80,230 | €171,678 | €116,735 | ▼ 32.0% |
| Amounts payable within one year42/48 | €224,502 | €173,333 | €87,344 | €197,136 | €79,598 | €80,203 | €171,310 | €116,612 | ▼ 31.9% |
| Trade debts44 | €38,661 | €1,535 | €22,775 | €27,481 | €11,217 | €12,465 | €83,070 | €74,963 | ▼ 9.8% |
| Suppliers440/4 | - | - | - | €27,481 | €11,217 | €12,465 | €83,070 | €74,963 | ▼ 9.8% |
| Taxes, remuneration and social security45 | - | - | - | €38,413 | €41,661 | €34,171 | €39,762 | €41,623 | ▲ 4.7% |
| Taxes450/3 | - | - | - | - | - | €748 | €293 | €40 | ▼ 86.4% |
| Remuneration and social security454/9 | - | - | - | €38,413 | €41,661 | €33,423 | €39,469 | €41,583 | ▲ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,205 | €27 | €27 | €367 | €123 | ▼ 66.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,863 | €78,528 | €4,179 | €14,148 | €4,041 | €54,751 | -€2,782 | €1,903 | - |
| + Depreciation and write-downs630 | €1,315 | €1,430 | €2,318 | €1,716 | €1,903 | €2,018 | €10,206 | €8,959 | ▼ 12.2% |
| Operating cash flow (approximation) | €74,178 | €79,958 | €6,497 | €15,864 | €5,944 | €56,769 | €7,424 | €10,862 | ▲ 46.3% |
| Investment in fixed assets (approximation) | - | -€1,151 | -€6,236 | -€1,767 | -€938 | -€572 | -€40,941 | €0 | - |
| Change in cash | - | €70,073 | -€128,551 | €70,516 | €16,101 | -€61,558 | -€104,644 | €160,192 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as Thuiszorg Brabant has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thuiszorg Brabant itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Thuiszorg Brabant. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-06-2026 | 2026-00140807 | |
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00137485 | |
| 31-12-2023 | abbreviated format | 13-06-2024 | 2024-00130426 | |
| 31-12-2022 | abbreviated format | 09-06-2023 | 2023-00119540 | |
| 31-12-2021 | abbreviated format | 10-06-2022 | 2022-20059485 | |
| 31-12-2020 | abbreviated format | 04-06-2021 | 2021-17500355 | |
| 31-12-2019 | abbreviated format | 05-06-2020 | 2020-15100083 | |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-16600068 | |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-16700039 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16100373 |