Thebe
ActiveSummary
Thebe has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324k and a net result of €-85k. Its solvency ranks better than 69% of 508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-89
Solvency100=
Growth32
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.2 against 7.86 in 2024; short-term debt: 19.2% and cash: 96.6% of total assets), and 19.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% 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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
236 d late
2023
548 d late
2010
58 d late
2009
422 d late
2008
1 d early
2007
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 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, full schema
Turnover
€19k
EBIT margin
496.9%
Net result
€-85k
2024 · €96k
2024: €96k
2025: €-85k▼ -189% vs 2024
2024 → 2025
Working capital
€326k▼ 20.3%
2024 · €409k
2024: €409k
2025: €326k▼ -20.3% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€19k-
Equity€409k-€324k▼ 20.7%
2024: €409k
2025: €324k▼ -20.7% vs 2024
Operating result€95k-€-86k
2024: €95k
2025: €-86k▼ -190% vs 2024
Net result€96k-€-85k
2024: €96k
2025: €-85k▼ -189% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €86k after €95k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €404k
Equity
€324k ▼ 20.7%
Debt
€79k ▲ 33.1%
Debt's share of the balance-sheet total rises from 12.7% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.20▼
2024 · 7.86
Debt to equity
0.24▲
2024 · 0.15
ROE
-26.1%▼
2024 · 23.4%
ROA
-21.0%▼
2024 · 20.4%
Debt ≤ 1 year
€78k▲
2024 · €60k
Staff costs
€418k▼
2024 · €431k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€469k€404k▼
Formation expenses20€0-
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Land and buildings22€0-
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Current assets29/58€469k€404k▼
Amounts receivable within one year40/41€94k€9k▼
Trade receivables40€94k€9k▼
Other amounts receivable41€35€140▲
Cash at bank and in hand54/58€372k€390k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€469k€404k▼
Equity10/15€409k€324k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Reserves13€122€122=
Profit (loss) carried forward14€403k€318k▼
Amounts payable17/49€60k€79k▲
Amounts payable within one year42/48€60k€78k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€57k€70k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9€52k€67k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€19k-
Goods, raw materials, services and sundry goods60/61€86k-
Remuneration, social security and pensions62€431k€418k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€530k€335k▼
Operating profit (loss)9901€95k€-86k▼
Financial income75/76B€256€2k▲
Recurring financial income75€256€2k▲
Financial charges65/66B€19€229▲
Recurring financial charges65€19€229▲
Profit (loss) for the period before taxes9903€96k€-85k▼
Income taxes67/77€75-
Profit (loss) for the period9904€96k€-85k▼
Profit (loss) for the period to be appropriated9905€96k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€403k€318k▼
Profit (loss) brought forward from the previous period14P€307k€403k▲
Social balance
Average headcount (FTE)90877.16.9▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €19k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €86k | - | - |
| Remuneration, social security and pensions62 | €431k | €418k | ▼ 2.9% |
| Other operating charges640/8 | €1k | €2k | ▲ 51.2% |
| Non-recurring operating charges66A | €2k | €1k | ▼ 33.6% |
| Gross operating margin9900 | €530k | €335k | ▼ 36.7% |
| Operating profit (loss)9901 | €95k | €-86k | ▼ 190% |
| Financial income75/76B | €256 | €2k | ▲ 651% |
| Recurring financial income75 | €256 | €2k | ▲ 651% |
| Financial charges65/66B | €19 | €229 | ▲ 1,105% |
| Recurring financial charges65 | €19 | €229 | ▲ 1,105% |
| Profit (loss) for the period before taxes9903 | €96k | €-85k | ▼ 188% |
| Income taxes67/77 | €75 | - | - |
| Profit (loss) for the period9904 | €96k | €-85k | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | €96k | €-85k | ▼ 189% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €469k | €404k | ▼ 13.9% |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €0 | - | - |
| Tangible fixed assets22/27 | €0 | - | - |
| Land and buildings22 | €0 | - | - |
| Plant, machinery and equipment23 | €0 | - | - |
| Furniture and vehicles24 | €0 | - | - |
| Current assets29/58 | €469k | €404k | ▼ 13.9% |
| Amounts receivable within one year40/41 | €94k | €9k | ▼ 89.9% |
| Trade receivables40 | €94k | €9k | ▼ 90.1% |
| Other amounts receivable41 | €35 | €140 | ▲ 300% |
| Cash at bank and in hand54/58 | €372k | €390k | ▲ 5.0% |
| Deferred charges and accrued income490/1 | €3k | €4k | ▲ 27.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €469k | €404k | ▼ 13.9% |
| Equity10/15 | €409k | €324k | ▼ 20.7% |
| Contributions10/11 | €6k | €6k | = |
| Capital10 | €6k | €6k | = |
| Reserves13 | €122 | €122 | = |
| Profit (loss) carried forward14 | €403k | €318k | ▼ 21.0% |
| Amounts payable17/49 | €60k | €79k | ▲ 33.1% |
| Amounts payable within one year42/48 | €60k | €78k | ▲ 30.2% |
| Trade debts44 | €2k | €8k | ▲ 220% |
| Suppliers440/4 | €2k | €8k | ▲ 220% |
| Taxes, remuneration and social security45 | €57k | €70k | ▲ 22.0% |
| Taxes450/3 | €5k | €3k | ▼ 32.7% |
| Remuneration and social security454/9 | €52k | €67k | ▲ 26.9% |
| Accrued charges and deferred income492/3 | - | €2k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €-85k | ▼ 189% |
| Operating cash flow (approximation) | €96k | €-85k | ▼ 189% |
| Change in cash | - | €19k | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 236 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 548 days late
2011
27-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 58 days late
26-09
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 422 days late
2009
30-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
24-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
04-07
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
NBB filing
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Maasmechelen · 1 establishment unit since 2006
Ground area
397 m²
Building footprint
28 m²
Volume, LiDAR
32 m³
Parcel 73096A0751/00A000, Flanders · tallest building 9.0 m. Linked by address, not a title deed.
1 establishment unit
Thebe vzw
since 20062.157.397.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73096A0751/00A000 | Flanders | 397 m² | 1 · 28 m² | 9.0 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 14 entries · 543,137 EUR awarded · 543,138 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 49,033 EUR | 49,033 EUR |
| 2024 | 3 | 148,489 EUR | 162,279 EUR |
| 2023 | 4 | 169,018 EUR | 211,131 EUR |
| 2022 | 5 | 176,597 EUR | 120,695 EUR |
Schemes
Jeugdwerk: Werkingssubsidie voor geprofessionaliseerd jeugdwerk met maatschappelijke kwetsbare jeugd (Decreet Bovenlokaal Jeugdbeleid 2017)
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
Jeugdwerk: Tewerkstellingssubsidie voor een erkende landelijk georganiseerde jeugdvereniging via het Derde Arbeidscircuit (DAC) (Decreet Derde Arbeidscircuit 2003)
Jeugdwerk: Tewerkstellingssubsidie voor een (boven)lokale jeugdvereniging via het Derde Arbeidscircuit (DAC) (Decreet Derde Arbeidscircuit 2003)
Jeugdwerk: Tussenkomst in de energiekosten van een organisatie voor bovenlokaal jeugdwerk die een werkingssubsidie ontvangt (Uitgavendecreet)
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Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 2 endedOnderhoudsmedewerker (vwo)
Onderhoudsmedewerker duaal (so)
Show 2 ended approvals
Polyvalent onderhoudswerker gebouwen (so)
Polyvalent onderhoudswerker gebouwen (so)
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Of 689 companies in sector 94991 we hold annual accounts for 172. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded28-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
94991Youth work associations
Scores and ratios are computed by Checked and are not a credit decision.