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Thed

Active
Private limited company· 4 yrs active
Jean-Baptiste Meunierstraat 27 ·1050 Elsene, Belgium
KBO/BCE: BE 0786.646.442
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Thed is 5.2% (elevated). The 2024 annual accounts show equity of €104k and a net result of €40k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
5.2% Elevated
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 29-08-2025 29 d late 2025-00435198
31-12-2023 31-07-2024 18-07-2024 13 d early 2024-00257567

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€40k-23.9%
Working capital€-448k+8.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
€-20k€0€20k€40k€60kOperating result 2023: €-2k€-2kNet result 2023: €53k€53kOperating result 2024: €-1k€-1kNet result 2024: €40k€40k20232024
Operating resultNet result
Net profit
€40k
-23.9% 23-24
Total assets
€1.23M
+4.5% 23-24
Equity
€104k
+64.1% 23-24
Working capital
€-448k
+8.3% 23-24
Income taxes
€13k
-23.9% 23-24
Debt
€1.13M
+1.1% 23-24
Debt ≤ 1y
€1.13M
+1.1% 23-24
Current ratio
0.60
+7.2% 23-24
Quick ratio
0.60
+7.2% 23-24
Solvency
8.4%
+57.0% 23-24
Debt / equity
10.92
-38.4% 23-24
ROE
39.1%
-53.6% 23-24
ROA
3.3%
-27.1% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA-
Net profit€40k
Cash flow-
Staff costs-
Income taxes€13k
Dividends-
Total assets€1.23M
Equity€104k
Debt€1.13M
of which ≤ 1y€1.13M
of which > 1y-
Working capital€-448k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.60
Quick ratio0.60
Working capital ratio-36.3%
Solvency8.4%
Debt / equity10.92
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA3.3%
ROE39.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.23M
Fixed assets 21/28€552k
Financial fixed assets 28€552k
Current assets 29/58€683k
Amounts receivable within one year 40/41€681k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.23M
Equity 10/15€104k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€94k
Amounts payable 17/49€1.13M
Amounts payable within one year 42/48€1.13M
Income statement
Gross operating margin 9900€-947
Operating result 9901€-1k
Financial income 75€55k
Financial charges 65€24
Result before taxes 9903€54k
Income taxes 67/77€13k
Net result for the period 9904€40k
Result to be appropriated 9905€40k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
40 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
2 companies at this address See who is registered here

Establishment units

1 location
Thed
Louis Schmidtlaan 22, 1040 EtterbeekHoldings
since 20222.332.762.007
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area855 m²
Buildings2
Building footprint416 m²
Volume (LiDAR)9,028 m³
Tallest building32.4 m · ±10 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0310/00V033 Brussels 433 m² 1 · 162 m² 15.1 m · 4 fl.
21363B0354/00K003 Brussels 422 m² 1 · 254 m² 32.4 m · 10 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
Address history · 1
30-11-2023
Registered-office move
All acts · 1 updated 2 years ago
2023
30-11-2023 Registered office moved within Bruxelles Registered-office change
  • Rue Jean-Baptiste Meunier 27, 1050 Bruxelles → Boulevard Louis Schmidt 22, 1040 Bruxelles

Analysis

Snowflake analysis

financial profile on 5 axes
Health40Profitability100Solvency8Growth52Stability94
59 / 100

Mixed profile: strong on profitability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 40
Profitability 100
Solvency 8
Growth 52
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR Thed
Registered office
Jean-Baptiste Meunierstraat 27
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.