THALES
ActiveSummary
THALES has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.74M and a net result of €-135k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 46.51 against 73.44 in 2024; short-term debt: 0.8% and cash: 8.2% of total assets), and 3.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
96.8%
Return on assets
-1.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
41 d early
2022
5 d early
2021
3 d early
2020
3 d early
2019
7 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€7.74M▼ 1.7%
2024 · €7.87M
2019: €9.37M
2020: €9.30M
2021: €10.01M
2022: €7.93M
2023: €7.91M
2024: €7.87M
2019 → 2025
Total assets
€7.99M▼ 1.6%
2024 · €8.12M
2019: €9.58M
2020: €9.51M
2021: €10.34M
2022: €11.86M
2023: €8.30M
2024: €8.12M
2019 → 2025
Net result
€-135k▼ 271%
2024 · €-37k
2019: €100k
2020: €80k
2021: €759k
2022: €1.46M
2023: €6k
2024: €-37k
2019 → 2025
Working capital
€2.88M▼ 14.0%
2024 · €3.35M
2019: €3.58M
2020: €3.32M
2021: €4.42M
2022: €3.24M
2023: €3.33M
2024: €3.35M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10.01M-€7.93M▼ 20.8%€7.91M▼ 0.2%€7.87M▼ 0.5%€7.74M▼ 1.7%
Operating result€907k-€-144k€-138k▲ 4.3%€-184k▼ 33.9%€-208k▼ 12.8%
Net result€759k-€1.46M▲ 92.6%€6k▼ 99.6%€-37k€-135k▼ 271%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €208k in 2025 against €184k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.99M
Fixed assets
€5.05M ▲ 6.8%
Current assets
€2.94M ▼ 13.3%
Equity and liabilities €7.99M
Equity
€7.74M ▼ 1.7%
Provisions
€174k ▼ 4.6%
Debt
€79k ▲ 19.0%
Debt's share of the balance-sheet total rises from 0.8% to 1.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-36k▼
2024 · €-13k
Cash flow
€37k▼
2024 · €134k
Current ratio
46.51▼
2024 · 73.44
Debt to equity
0.01▲
2024 · 0.01
ROE
-1.8%▼
2024 · -0.5%
ROA
-1.7%▼
2024 · -0.5%
Interest coverage
-4.42▼
2024 · -0.63
Debt ≤ 1 year
€63k▲
2024 · €46k
Income taxes
€2k▲
2024 · €2k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.12M€7.99M▼
Fixed assets21/28€4.73M€5.05M▲
Tangible fixed assets22/27€3.41M€3.61M▲
Land and buildings22€3.18M€3.08M▼
Plant, machinery and equipment23€168k€472k▲
Furniture and vehicles24€40k€17k▼
Other tangible fixed assets26€19k€34k▲
Financial fixed assets28€1.32M€1.44M▲
Current assets29/58€3.39M€2.94M▼
Amounts receivable within one year40/41€170k€176k▲
Trade receivables40€16k€3k▼
Other amounts receivable41€154k€173k▲
Current investments50/53€2.73M€2.07M▼
Cash at bank and in hand54/58€440k€655k▲
Deferred charges and accrued income490/1€51k€40k▼
Equity and liabilities
Total equity and liabilities10/49€8.12M€7.99M▼
Equity10/15€7.87M€7.74M▼
Contributions10/11€335k€335k=
Capital10€335k€335k=
Issued capital100€335k€335k=
Reserves13€7.49M€7.47M▼
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Tax-exempt reserves132€547k€522k▼
Distributable reserves133€6.91M€6.91M=
Profit (loss) carried forward14€43k€-67k▼
Provisions and deferred taxes16€182k€174k▼
Deferred taxes168€182k€174k▼
Amounts payable17/49€66k€79k▲
Amounts payable within one year42/48€46k€63k▲
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€16k€38k▲
Suppliers440/4€16k€38k▲
Taxes, remuneration and social security45€9k€15k▲
Taxes450/3€9k€15k▲
Other amounts payable47/48€16k€11k▼
Accrued charges and deferred income492/3€20k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€172k▲
Other operating charges640/8€18k€23k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€5k€-7k▼
Operating profit (loss)9901€-184k€-208k▼
Financial income75/76B€164k€77k▼
Recurring financial income75€164k€77k▼
Financial charges65/66B€21k€11k▼
Recurring financial charges65€21k€8k▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-42k€-142k▼
Transfer from deferred taxes780€7k€8k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-37k€-135k▼
Transfer from tax-exempt reserves789€20k€25k▲
Profit (loss) for the period to be appropriated9905€-16k€-110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€-67k▼
Profit (loss) brought forward from the previous period14P€59k€43k▼
The notes to these accounts (9 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-135k
Net result drops to €-135k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity quadruplescurrent ratio 73.44
Current ratio from 18.84 to 73.44; short-term debt falls from €187k to €46k.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Liquidity times 10current ratio 18.84
Current ratio from 1.87 to 18.84; short-term debt falls from €3.73M to €187k.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €1.46M ▲92.6%
Net result €1.46M, the highest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 45.79
Current ratio from 17.60 to 45.79; short-term debt falls from €200k to €99k.
30-06
Financial
Equity above €10MEq €10.01M ▲7.7%
3 profitable years in a row build equity to €10.01M.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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-Martens-Latem · 1 establishment unit since 1992
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.
Heidebergen 209830 Sint-Martens-LatemGround area
1,748 m²
Building footprint
243 m²
Volume, LiDAR
1,689 m³
Parcel 44064A0745/00H002, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THALES
since 19922.058.409.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0745/00H002 | Flanders | 1,748 m² | 1 · 243 m² | 12.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600POKTWPF3UCVC15
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 8,275 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 formPublic limited company
Founded10-07-1992
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
73110Advertising agencies
73200Market research and public opinion polling
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.