Tithas Management
ActiveTithas Management has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.11M and a net result of €453k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+10
Solvency64▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days only on tighter terms
Liquidity ample (current ratio 5.52 against 6.12 in 2024; short-term debt: 8% and cash: 2.7% of total assets), but 61.1% 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 70
Relative position
BE, all sectors
reference
Sector 70
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.9%
Return on assets
8.3%
Age of the figures
18 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-04-2026, 159 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
159 d late
2024
43 d late
2023
30 d late
2022
30 d late
2021
25 d late
2020
23 d late
2019
6 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.11M▲ 27.3%
2024 · €1.66M
2019: €876k
2020: €896k
2021: €1.05M
2022: €1.19M
2023: €1.38M
2024: €1.66M
2019 → 2025
Total assets
€5.43M▲ 22.9%
2024 · €4.42M
2019: €2.40M
2020: €2.88M
2021: €2.93M
2022: €2.83M
2023: €3.89M
2024: €4.42M
2019 → 2025
Net result
€453k▲ 61.7%
2024 · €280k
2019: €59k
2020: €20k
2021: €153k
2022: €477k
2023: €186k
2024: €280k
2019 → 2025
Working capital
€1.96M▲ 12.4%
2024 · €1.75M
2019: €889k
2020: €928k
2021: €1.07M
2022: €1.37M
2023: €1.37M
2024: €1.75M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.05M-€1.19M▲ 13.8%€1.38M▲ 15.6%€1.66M▲ 20.3%€2.11M▲ 27.3%
Operating result€250k-€549k▲ 120%€298k▼ 45.7%€479k▲ 60.7%€663k▲ 38.4%
Net result€153k-€477k▲ 212%€186k▼ 61.0%€280k▲ 50.8%€453k▲ 61.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.43M
Fixed assets
€3.04M▲ 30.1%
Current assets
€2.40M▲ 14.8%
Equity and liabilities €5.43M
Equity
€2.11M▲ 27.3%
Provisions
€57k▼ 3.6%
Debt
€3.26M▲ 20.7%
The debt ratio falls from 61.1% to 60.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€780k▲
2024 · €586k
Cash flow
€570k▲
2024 · €387k
Solvency
38.9%▲
2024 · 37.5%
Current ratio
5.52▼
2024 · 6.12
Quick ratio
5.52▼
2024 · 6.12
Debt / equity
1.54▼
2024 · 1.63
ROE
21.5%▲
2024 · 16.9%
ROA
8.3%▲
2024 · 6.3%
Interest coverage
7.04▲
2024 · 5.03
Debt
€3.26M▲
2024 · €2.70M
Debt ≤ 1 year
€434k▲
2024 · €341k
Debt > 1 year
€2.83M▲
2024 · €2.36M
Income taxes
€230k▲
2024 · €140k
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€4.42M€5.43M▲
Fixed assets21/28€2.33M€3.04M▲
Tangible fixed assets22/27€2.33M€3.04M▲
Land and buildings22€2.33M€3.04M▲
Furniture and vehicles24-€1k
Current assets29/58€2.09M€2.40M▲
Amounts receivable within one year40/41€623k€405k▼
Trade receivables40€80k€61k▼
Other amounts receivable41€543k€344k▼
Current investments50/53€1.38M€1.84M▲
Cash at bank and in hand54/58€86k€146k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€4.42M€5.43M▲
Equity10/15€1.66M€2.11M▲
Contributions10/11€93k€93k=
Reserves13€1.57M€2.02M▲
Tax-exempt reserves132€236k€227k▼
Distributable reserves133€1.33M€1.79M▲
Provisions and deferred taxes16€59k€57k▼
Deferred taxes168€59k€57k▼
Amounts payable17/49€2.70M€3.26M▲
Amounts payable after more than one year17€2.36M€2.83M▲
Financial debts170/4€2.35M€2.82M▲
Other amounts payable178/9€14k€15k▲
Amounts payable within one year42/48€341k€434k▲
Current portion of amounts payable after more than one year42€168k€186k▲
Trade debts44€23k€2k▼
Suppliers440/4€23k€2k▼
Taxes, remuneration and social security45€138k€239k▲
Taxes450/3€138k€239k▲
Other amounts payable47/48€12k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€116k▲
Other operating charges640/8€13k€10k▼
Gross operating margin9900€599k€790k▲
Operating profit (loss)9901€479k€663k▲
Financial income75/76B€55k€129k▲
Recurring financial income75€55k€129k▲
Financial charges65/66B€117k€111k▼
Recurring financial charges65€117k€111k▼
Profit (loss) for the period before taxes9903€418k€681k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€140k€230k▲
Profit (loss) for the period9904€280k€453k▲
Transfer from tax-exempt reserves789€44k€8k▼
Profit (loss) for the period to be appropriated9905€325k€462k▲
Appropriation of the result
Profit (loss) to be appropriated9906€325k€462k▲
Transfer to equity691/2€325k€462k▲
To other reserves6921€325k€462k▲
The notes to these accounts (10 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 159 days late
2025
31-03
Financial
Equity above €2MEq €2.11M ▲27.3%
7 profitable years in a row build equity to €2.11M.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €477k ▲212%
Net result €477k, the highest in the series.
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
31-03
Financial
Equity above €1MEq €1.05M ▲17.1%
3 profitable years in a row build equity to €1.05M.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
31-03
Financial
Weakest financial yearnet €20k ▼66.1%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
2019
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2017
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Genesius-Rode · 1 establishment unit since 2007
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.
Turkooislaan 151640 Sint-Genesius-RodeGround area
1,304 m²
Building footprint
143 m²
Volume, LiDAR
809 m³
Parcel 22004D0023/00W025, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tithas Management
since 20072.169.269.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004D0023/00W025 | Flanders | 1,304 m² | 1 · 143 m² | 8.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 233 EUR awarded · 233 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 233 EUR | 233 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300W3U4FFHNYDLD23
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 19,519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2007
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.