THUNDER NETWORK SYSTEMS
ActiveSummary
THUNDER NETWORK SYSTEMS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,427 and a net result of -€2,213. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▲+11
Solvency78▼-22
Growth55=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 16.26 in 2024; short-term debt: 47.2% and cash: 46% of total assets), and 47.2% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.8%
Return on assets
-6.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,213
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 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
70 d early
2023
61 d early
2022
60 d early
2021
25 d early
2020
2 d early
2019
82 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€136,778▲ 83.8%
2018 · €74,418
EBIT margin
10.0%▼ 25.1pp
2018 · 35.2%
Net result
-€2,213▲ 75.2%
2024 · -€8,920
Working capital
€17,867▼ 11.2%
2024 · €20,129
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€25,100▲ 82.6%€69,752▲ 178%-€33,885-€8,632▲ 74.5%-€1,944▲ 77.5%
Net result€18,696within the sector's middle half▲ 84.9%€54,596above the sector's middle half▲ 192%-€33,775below the sector's middle half-€8,920below the sector's middle half▲ 73.6%-€2,213below the sector's middle half▲ 75.2%
EBIT margin
Equity€58,739within the sector's middle half▲ 46.7%€63,335within the sector's middle half▲ 7.8%€29,560within the sector's middle half▼ 53.3%€20,640below the sector's middle half▼ 30.2%€18,427below the sector's middle half▼ 10.7%
Total assets€71,500within the sector's middle half▲ 20.8%€134,237within the sector's middle half▲ 87.7%€35,234below the sector's middle half▼ 73.8%€21,960below the sector's middle half▼ 37.7%€34,884below the sector's middle half▲ 58.9%
Debt€12,761▼ 33.4%€70,902▲ 456%€5,674▼ 92.0%€1,319▼ 76.7%€16,457▲ 1,147%
Working capital€58,338▲ 64.8%€63,270▲ 8.5%€29,495▼ 53.4%€20,129▼ 31.8%€17,867▼ 11.2%
Solvency82.2%above the sector's middle half▲ 14.5pp47.2%within the sector's middle half▼ 35.0pp83.9%above the sector's middle half▲ 36.7pp94.0%above the sector's middle half▲ 10.1pp52.8%within the sector's middle half▼ 41.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 €1,944 in 2025 against €8,632 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,884
Fixed assets
€560 ▲ 9.5%
Current assets
€34,324 ▲ 60.0%
Equity and liabilities €34,884
Equity
€18,427 ▼ 10.7%
Debt
€16,457 ▲ 1,147%
Debt's share of the balance-sheet total rises from 6.0% to 47.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,771▲
2024 · -€8,559
Cash flow
-€2,040▲
2024 · -€8,846
Current ratio
2.09▼
2024 · 16.26
Debt to equity
0.89▲
2024 · 0.06
ROE
-12.0%▲
2024 · -43.2%
ROA
-6.3%▲
2024 · -40.6%
Interest coverage
-12.93▲
2024 · -69.06
Debt ≤ 1 year
€16,457▲
2024 · €1,319
Income taxes
€133▼
2024 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,603 | €1,748 | €1,741 | €1,752 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,243 | €336 | - | €73 | €173 | ▲ 136% |
| Other operating charges640/8 | €364 | €344 | €424 | €394 | €407 | ▲ 3.4% |
| Gross operating margin9900 | €35,309 | €72,180 | -€31,719 | -€6,412 | -€1,363 | ▲ 78.7% |
| Operating profit (loss)9901 | €25,100 | €69,752 | -€33,885 | -€8,632 | -€1,944 | ▲ 77.5% |
| Financial income75/76B | €15 | €1 | €100 | €0 | €0 | ▼ 97.1% |
| Recurring financial income75 | €15 | €1 | €100 | €0 | €0 | ▼ 97.1% |
| Financial charges65/66B | €471 | €620 | €255 | €124 | €137 | ▲ 10.5% |
| Recurring financial charges65 | €471 | €620 | €255 | €124 | €137 | ▲ 10.5% |
| Profit (loss) for the period before taxes9903 | €24,644 | €69,133 | -€34,040 | -€8,756 | -€2,081 | ▲ 76.2% |
| Income taxes67/77 | €5,948 | €14,537 | -€265 | €164 | €133 | ▼ 19.1% |
| Profit (loss) for the period9904 | €18,696 | €54,596 | -€33,775 | -€8,920 | -€2,213 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €18,696 | €54,596 | -€33,775 | -€8,920 | -€2,213 | ▲ 75.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,500 | €134,237 | €35,234 | €21,960 | €34,884 | ▲ 58.9% |
| Fixed assets21/28 | €401 | €65 | €65 | €511 | €560 | ▲ 9.5% |
| Tangible fixed assets22/27 | €336 | - | - | €446 | €273 | ▼ 38.8% |
| Furniture and vehicles24 | €336 | - | - | €446 | €273 | ▼ 38.8% |
| Financial fixed assets28 | €65 | €65 | €65 | €65 | €287 | ▲ 342% |
| Current assets29/58 | €71,099 | €134,172 | €35,169 | €21,448 | €34,324 | ▲ 60.0% |
| Stocks and contracts in progress3 | €1,343 | - | - | - | - | - |
| Stocks30/36 | €1,343 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,473 | €20,271 | €2,725 | €911 | €18,037 | ▲ 1,879% |
| Trade receivables40 | €21,473 | €20,271 | €2,725 | €405 | €18,005 | ▲ 4,345% |
| Other amounts receivable41 | - | - | - | €506 | €32 | ▼ 93.6% |
| Cash at bank and in hand54/58 | €48,095 | €112,207 | €31,728 | €20,221 | €16,030 | ▼ 20.7% |
| Deferred charges and accrued income490/1 | €188 | €1,695 | €715 | €316 | €256 | ▼ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,500 | €134,237 | €35,234 | €21,960 | €34,884 | ▲ 58.9% |
| Equity10/15 | €58,739 | €63,335 | €29,560 | €20,640 | €18,427 | ▼ 10.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €38,279 | €42,875 | €9,100 | €180 | -€2,033 | ▼ 1,226% |
| Amounts payable17/49 | €12,761 | €70,902 | €5,674 | €1,319 | €16,457 | ▲ 1,147% |
| Amounts payable within one year42/48 | €12,761 | €70,902 | €5,674 | €1,319 | €16,457 | ▲ 1,147% |
| Trade debts44 | €309 | €1,492 | €70 | €72 | €810 | ▲ 1,028% |
| Suppliers440/4 | €309 | €1,492 | €70 | €72 | €810 | ▲ 1,028% |
| Taxes, remuneration and social security45 | €7,844 | €28,636 | €5,457 | - | €14,886 | - |
| Taxes450/3 | €7,844 | €28,636 | €5,457 | - | €4,918 | - |
| Remuneration and social security454/9 | - | - | - | - | €9,968 | - |
| Other amounts payable47/48 | €4,609 | €40,774 | €146 | €1,247 | €761 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,696 | €54,596 | -€33,775 | -€8,920 | -€2,213 | ▲ 75.2% |
| + Depreciation and write-downs630 | €4,243 | €336 | - | €73 | €173 | ▲ 136% |
| Operating cash flow (approximation) | €22,939 | €54,932 | -€33,775 | -€8,846 | -€2,040 | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€520 | -€222 | ▲ 57.3% |
| Change in cash | - | €64,112 | -€80,479 | -€11,507 | -€4,190 | ▲ 63.6% |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 16.26
Current ratio from 6.20 to 16.26; short-term debt falls from €5,674 to €1,319.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€33,775
Net result drops to -€33,775, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 6.20
Current ratio from 1.89 to 6.20; short-term debt falls from €70,902 to €5,674.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €54,596 ▲192%
Operating result €69,752, net result €54,596, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10,113
Net result €10,113 after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2003
Ground area
455 m²
Building footprint
240 m²
Volume, LiDAR
3,261 m³
Parcel 21906D0015/00M004, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
THUNDER NETWORK SYSTEMS
since 20032.134.406.608
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0015/00M004 | Brussels | 455 m² | 1 · 240 m² | 19.6 m · 5 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 3,214 companies in sector 62900 we hold annual accounts for 1,743. 1,101 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
Founded08-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Contact
Website
www.informatique-pc.com
E-mail
info@informatiqur-pc.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860926666
Also
9925:BE0860926666
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.