THEOM
ActiveSummary
THEOM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.07M and a net result of €-47k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 61% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-5
Solvency69▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.02 in 2024; short-term debt: 21.9% and cash: 4.2% of total assets), and 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Sector 68
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
43.7%
Return on assets
-1%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
18 d early
2023
30 d late
2022
24 d late
2021
27 d late
2020
114 d late
2019
110 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-47k▲ 9.3%
2024 · €-52k
2018: €278k
2019: €320k
2020: €-1.40M
2021: €-14k
2022: €-23k
2023: €230
2024: €-52k
2018 → 2025
Working capital
€-690k▲ 37.9%
2024 · €-1.11M
2018: €-107k
2019: €-63k
2020: €3.21M
2021: €2.57M
2022: €1.84M
2023: €-566k
2024: €-1.11M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.71M-€2.69M▼ 0.9%€2.17M▼ 19.5%€2.11M▼ 2.4%€2.07M▼ 2.2%
Operating result€-16k-€-26k▼ 59.9%€-25k▲ 4.9%€-75k▼ 203%€-37k▲ 50.4%
Net result€-14k-€-23k▼ 71.1%€230€-52k€-47k▲ 9.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2025 against €75k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.72M
Fixed assets
€4.38M ▲ 1.6%
Current assets
€342k ▲ 1,903%
Equity and liabilities €4.72M
Equity
€2.07M ▼ 2.2%
Provisions
€733k ▼ 4.0%
Debt
€1.92M ▲ 32.5%
Debt's share of the balance-sheet total rises from 33.5% to 40.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128k▲
2024 · €56k
Cash flow
€118k▲
2024 · €79k
Current ratio
0.33▲
2024 · 0.02
Debt to equity
0.93▲
2024 · 0.69
ROE
-2.3%▲
2024 · -2.4%
ROA
-1.0%▲
2024 · -1.2%
Interest coverage
5.36▼
2024 · 11.28
Debt ≤ 1 year
€1.03M▼
2024 · €1.13M
Debt > 1 year
€888k▲
2024 · €324k
Income taxes
€17k▲
2024 · €3k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.33M€4.72M▲
Fixed assets21/28€4.31M€4.38M▲
Tangible fixed assets22/27€4.30M€4.37M▲
Land and buildings22€4.30M€4.37M▲
Financial fixed assets28€11k€11k=
Current assets29/58€17k€342k▲
Amounts receivable within one year40/41€6k€144k▲
Trade receivables40€550€144k▲
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€11k€197k▲
Deferred charges and accrued income490/1€769€628▼
Equity and liabilities
Total equity and liabilities10/49€4.33M€4.72M▲
Equity10/15€2.11M€2.07M▼
Contributions10/11€75k€75k=
Reserves13€2.68M€2.59M▼
Non-distributable reserves130/1€23k€23k=
Reserves not available under the articles1311€23k€23k=
Tax-exempt reserves132€2.34M€2.24M▼
Distributable reserves133€320k€320k=
Profit (loss) carried forward14€-640k€-595k▲
Provisions and deferred taxes16€764k€733k▼
Deferred taxes168€764k€733k▼
Amounts payable17/49€1.45M€1.92M▲
Amounts payable after more than one year17€324k€888k▲
Financial debts170/4€324k€888k▲
Amounts payable within one year42/48€1.13M€1.03M▼
Current portion of amounts payable after more than one year42€18k€66k▲
Trade debts44€222k€151k▼
Suppliers440/4€222k€151k▼
Taxes, remuneration and social security45€3k€21k▲
Taxes450/3€3k€21k▲
Other amounts payable47/48€885k€794k▼
Accrued charges and deferred income492/3€785€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€165k▲
Other operating charges640/8€7k€10k▲
Gross operating margin9900€63k€139k▲
Operating profit (loss)9901€-75k€-37k▲
Financial income75/76B€429€0▼
Recurring financial income75€429€0▼
Financial charges65/66B€5k€24k▲
Recurring financial charges65€5k€24k▲
Profit (loss) for the period before taxes9903€-80k€-61k▲
Transfer from deferred taxes780€31k€31k=
Income taxes67/77€3k€17k▲
Profit (loss) for the period9904€-52k€-47k▲
Transfer from tax-exempt reserves789€92k€92k=
Profit (loss) for the period to be appropriated9905€41k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-640k€-595k▲
Profit (loss) brought forward from the previous period14P€-681k€-640k▲
The notes to these accounts (7 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €230
Net result €230 after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
31-12
Financial
Weakest financial yearnet €-1.40M ▼538%
Net result drops to €-1.40M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 13current ratio 13.13
Current ratio from 0.98 to 13.13; short-term debt falls from €3.10M to €265k.
31-12
Financial
Equity above €2MEq €2.92M ▲50.5%
Equity rises from €1.94M to €2.92M.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 110 days late
2019
31-12
Financial
Highest result since 2018net €320k ▲15.3%
Net result €320k, the highest in the series.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Verviers
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.
Rue Haut-Husquet 234800 VerviersGround area
2,370 m²
Building footprint
166 m²
Volume, LiDAR
999 m³
Parcel 63059B0283/00N000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059B0283/00N000 | Wallonia | 2,370 m² | 1 · 166 m² | 7.8 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
8755005SV8KR65OJFZ39
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IMMO-C
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SEMATEX IMMO
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Kids
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,270 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
Founded22-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.