2THACT
ActiveSummary
2THACT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €88k. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-14
Solvency56▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.96 in 2024; short-term debt: 10% and cash: 1.7% of total assets), and 68.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
31.1%
Return on assets
11.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
70 d early
2023
89 d early
2022
94 d early
2021
62 d early
2020
18 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€239k▲ 1.4%
2024 · €236k
2020: €63k
2021: €67k
2022: €109k
2023: €166k
2024: €236k
2020 → 2025
Total assets
€770k▼ 7.5%
2024 · €832k
2020: €199k
2021: €700k
2022: €793k
2023: €1.15M
2024: €832k
2020 → 2025
Net result
€88k▼ 53.5%
2024 · €190k
2020: €73k
2021: €125k
2022: €182k
2023: €117k
2024: €190k
2020 → 2025
Working capital
€5k
2024 · €-5k
2020: €15k
2021: €-40k
2022: €-5k
2023: €-82k
2024: €-5k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€109k▲ 61.8%€166k▲ 52.1%€236k▲ 42.2%€239k▲ 1.4%
Operating result€168k-€247k▲ 46.8%€166k▼ 32.8%€273k▲ 64.4%€136k▼ 50.3%
Net result€125k-€182k▲ 45.6%€117k▼ 35.7%€190k▲ 62.7%€88k▼ 53.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €770k
Fixed assets
€688k ▼ 3.2%
Current assets
€82k ▼ 32.6%
Equity and liabilities €770k
Equity
€239k ▲ 1.4%
Debt
€531k ▼ 11.0%
Debt's share of the balance-sheet total falls from 71.7% to 68.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€198k▼
2024 · €325k
Cash flow
€150k▼
2024 · €242k
Current ratio
1.06▲
2024 · 0.96
Debt to equity
2.22▼
2024 · 2.53
ROE
36.9%▼
2024 · 80.6%
ROA
11.5%▼
2024 · 22.8%
Interest coverage
10.20▼
2024 · 14.29
Debt ≤ 1 year
€77k▼
2024 · €126k
Debt > 1 year
€451k▼
2024 · €467k
Income taxes
€28k▼
2024 · €60k
Staff costs
€10k▼
2024 · €133k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€832k€770k▼
Fixed assets21/28€711k€688k▼
Tangible fixed assets22/27€711k€688k▼
Land and buildings22€595k€608k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€112k€78k▼
Financial fixed assets28€0-
Current assets29/58€122k€82k▼
Amounts receivable within one year40/41€53k€66k▲
Trade receivables40€49k€63k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€67k€13k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€832k€770k▼
Equity10/15€236k€239k▲
Contributions10/11€19k€19k=
Reserves13€190k€194k▲
Non-distributable reserves130/1€316€316=
Other1319€316€316=
Distributable reserves133€190k€193k▲
Profit (loss) carried forward14€27k€27k=
Amounts payable17/49€596k€531k▼
Amounts payable after more than one year17€467k€451k▼
Financial debts170/4€467k€451k▼
Amounts payable within one year42/48€126k€77k▼
Current portion of amounts payable after more than one year42€53k€59k▲
Financial debts43€6k€0▼
Credit institutions430/8€6k€0▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€5k€15k▲
Taxes450/3€3k€15k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€60k€0▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€133k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€62k▲
Other operating charges640/8€9k€15k▲
Gross operating margin9900€468k€223k▼
Operating profit (loss)9901€273k€136k▼
Financial income75/76B€0€98▲
Recurring financial income75€0€98▲
Financial charges65/66B€23k€19k▼
Recurring financial charges65€23k€19k▼
Profit (loss) for the period before taxes9903€250k€116k▼
Income taxes67/77€60k€28k▼
Profit (loss) for the period9904€190k€88k▼
Profit (loss) for the period to be appropriated9905€190k€88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€217k€115k▼
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer to equity691/2€70k€3k▼
To other reserves6921€70k€3k▼
Profit to be distributed694/7€120k€85k▼
Return on contributions (dividend)694€120k€85k▼
The notes to these accounts (12 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-03
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director resignation
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €190k ▲62.7%
Operating result €273k, net result €190k, both a record.
31-12
Financial
Equity above €200kEq €236k ▲42.2%
5 profitable years in a row build equity to €236k.
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €166k ▲52.1%
4 profitable years in a row build equity to €166k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €109k ▲61.8%
3 profitable years in a row build equity to €109k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Brugge · 2 establishment units since 2016
Ground area
1,399 m²
Building footprint
588 m²
Volume, LiDAR
3,675 m³
2 parcels, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
2THACT
since 20162.252.706.917
2THACT
since 20242.387.163.268
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31002A0121/00Y003 | Flanders | 1,227 m² | 1 · 496 m² | 14.0 m · 1 fl. |
| 31802B0447/00T000 | Flanders | 172 m² | 1 · 92 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 760 EUR awarded · 760 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 760 EUR | 760 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ENFANT MODELE
BE 0867.216.721
Onhaye · Eq €239,501
Rosquin Management
BE 1000.432.363
Antwerpen · Eq €239,532
Workaholix
BE 0683.815.950
Herentals · Eq €238,875
PACK INTERIM
BE 0873.665.439
La Louvière · Eq €239,674
A.B.C. GARDENS
BE 0463.024.550
Rebecq · Eq €239,728
Of 2,360 companies in sector 78100 we hold annual accounts for 1,363. 1,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.