Thesla

Active

Public limited companyfounded 1991active for 34 yearsDendermondesteenweg 268, 9070 Destelbergen, BelgiumKBO/BCE: BE 0445.912.958

Summary

Thesla has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of €2.0m. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 95% of 125 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

TheslaActiveChecked score 97/100

Risk analysis Report Compare

Activity

Manufacture of electrical equipment

NACE 27320

Largest company by equity in Destelbergen, Manufacturing sector1 site

Size

€48.9mturnover 2025

Staff: 28.8 FTE
Equity: €12.5m
Profit: €2.0m

Financial health

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Auditor: Callens Vandelanotte2025 accounts 4 days early1 of 11 deeds summarised

Why 97lowers riskFounded in 1991Liquidity: current ratio 9.14, cash €1.6mProfit of €2.0m (financial year 2025)Equity €12.5m (91.4% of total assets)Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 80% of its sector peers (NACE 27, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+10

equity 91.4% of total assets

Liquidity 65+16

short-term debt 8.6% · cash 11.9%

Profitability 76+8

return on assets 14.8%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (92 companies, NACE 27, small)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €1,200,000 on 30-day terms is acceptable

Liquidity ample (current ratio 9.14, compared with 2.31 in 2024, above the usual 1.5; short-term debt: 8.6% and cash: 11.9% of total assets), and 8.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, small): better than 94% on solvency, 87% on liquidity, 67% on profitability and 71% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Founded in 1991

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 9.14, cash €1.6m

NBB · annual accounts

Profit of €2.0m (financial year 2025)

NBB · annual accounts

Equity €12.5m (91.4% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

4 days early

2024

21 days early

2023

29 days early

2022

17 days early

2021

6 days early

2020

39 days early

2019

21 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Liquidity more than triplescurrent ratio 9.14
10-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Positive: Largest company by equity in Destelbergen, Manufacturing sectorin the Checked rankings No. 1 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €2.0m 8 years View
Positive: Result rose in 2025from €1.5m to €2.0m ▲ 37.2% View

By topic

Financials

Financial year: 2025
Turnover: €48.9m
Profit: €2.0m
Solvency: 91.4%

Turnover▲ 10.5%

Net result

20182025

Go to Financials

Board & ownership

Auditor: Callens Vandelanotte

Go to Board & ownership

Timeline

Events: 38
Since: 1993
Next accounts: by 31-07-2027

26-09-2024Reappointment: CALLENS VANDELANOTTE (statutory auditor)
02-07-2024Annual accounts filed
31-12-2023Highest result from 2018 to 2025

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of electrical equipmentNACE 27320
Founded: 19-12-1991
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Thesla

What is the company number of Thesla?: 0445.912.958. In Belgium the VAT number is the company number with BE in front: BE 0445.912.958.
Where is Thesla based?: The registered office is at Dendermondesteenweg 268, 9070 Destelbergen.Company details
What does Thesla do?: According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27320).
What is the legal form of Thesla?: Public limited company (NV).
When was Thesla founded?: On 19-12-1991.
Is Thesla still active?: Yes, Thesla is an active enterprise in the KBO register.
How many employees does Thesla have?: On average 28.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Thesla?: €48.9m in financial year 2025, according to the filed annual accounts.
Is Thesla profitable?: In financial year 2025, Thesla made a profit of €2.0m.
Where can I find the annual accounts of Thesla?: Thesla filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Thesla due?: By 31-07-2027, for financial year 2026.Timeline