Thinline
ActiveSummary
Thinline has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €346k and a net result of €65k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 67% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 9.81 in 2024; short-term debt: 25.3% and cash: 69.3% of total assets), and 25.3% 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
74.7%
Return on assets
14.1%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
79 d early
2023
97 d early
2022
67 d early
2021
54 d early
2020
20 d late
2019
11 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€346k▼ 65.0%
2024 · €989k
2018: €225k
2019: €275k
2020: €360k
2021: €484k
2022: €599k
2023: €792k
2024: €989k
2018 → 2025
Total assets
€464k▼ 58.5%
2024 · €1.12M
2018: €257k
2019: €303k
2020: €403k
2021: €547k
2022: €683k
2023: €866k
2024: €1.12M
2018 → 2025
Net result
€65k▼ 66.8%
2024 · €197k
2018: €66k
2019: €50k
2020: €86k
2021: €124k
2022: €115k
2023: €193k
2024: €197k
2018 → 2025
Working capital
€334k▼ 65.0%
2024 · €955k
2018: €157k
2019: €233k
2020: €336k
2021: €430k
2022: €496k
2023: €714k
2024: €955k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€484k-€599k▲ 23.8%€792k▲ 32.1%€989k▲ 24.8%€346k▼ 65.0%
Operating result€178k-€164k▼ 7.8%€251k▲ 52.7%€249k▼ 0.8%€93k▼ 62.8%
Net result€124k-€115k▼ 6.7%€193k▲ 67.0%€197k▲ 2.1%€65k▼ 66.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464k
Fixed assets
€12k ▼ 77.8%
Current assets
€452k ▼ 57.6%
Equity and liabilities €464k
Equity
€346k ▼ 65.0%
Debt
€117k ▼ 9.1%
Debt's share of the balance-sheet total rises from 11.5% to 25.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€96k▼
2024 · €277k
Cash flow
€68k▼
2024 · €225k
Current ratio
3.85▼
2024 · 9.81
Debt to equity
0.34▲
2024 · 0.13
ROE
18.9%▼
2024 · 19.9%
ROA
14.1%▼
2024 · 17.6%
Interest coverage
163.99▼
2024 · 591.13
Debt ≤ 1 year
€117k▲
2024 · €108k
Income taxes
€27k▼
2024 · €62k
Staff costs
€155k▲
2024 · €119k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€464k▼
Fixed assets21/28€54k€12k▼
Tangible fixed assets22/27€54k€7k▼
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€50k€930▼
Financial fixed assets28-€5k
Current assets29/58€1.06M€452k▼
Amounts receivable within one year40/41€146k€130k▼
Trade receivables40€129k€130k▲
Other amounts receivable41€16k€108▼
Current investments50/53€0-
Cash at bank and in hand54/58€917k€321k▼
Deferred charges and accrued income490/1€833€0▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€464k▼
Equity10/15€989k€346k▼
Contributions10/11€6k€6k=
Reserves13€983k€340k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€983k€340k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€129k€117k▼
Amounts payable within one year42/48€108k€117k▲
Current portion of amounts payable after more than one year42€1k€1k=
Trade debts44€11k€33k▲
Suppliers440/4€11k€33k▲
Advances received on contracts in progress46€9k€3k▼
Taxes, remuneration and social security45€83k€80k▼
Taxes450/3€46k€55k▲
Remuneration and social security454/9€36k€25k▼
Other amounts payable47/48€5k€257▼
Accrued charges and deferred income492/3€21k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€3k▼
Other operating charges640/8€2k€107▼
Gross operating margin9900€397k€251k▼
Operating profit (loss)9901€249k€93k▼
Financial income75/76B€10k€34▼
Recurring financial income75€10k€34▼
Financial charges65/66B€468€583▲
Recurring financial charges65€468€583▲
Profit (loss) for the period before taxes9903€259k€92k▼
Income taxes67/77€62k€27k▼
Profit (loss) for the period9904€197k€65k▼
Profit (loss) for the period to be appropriated9905€197k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€390k€65k▼
Profit (loss) brought forward from the previous period14P€193k€0▼
Transfer from equity791/2-€643k
Transfer to equity691/2€390k€0▼
To other reserves6921€390k€0▼
Profit to be distributed694/7-€708k
Return on contributions (dividend)694-€708k
The notes to these accounts (12 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €197k ▲2.1%
Net result €197k, the highest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €599k ▲23.8%
5 profitable years in a row build equity to €599k.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Weakest financial yearnet €50k ▼24.1%
Net result drops to €50k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Gent · 1 establishment unit since 2008
Ground area
1,432 m²
Building footprint
857 m²
Volume, LiDAR
8,898 m³
Parcel 44804D3643/00S000, Flanders · tallest building 20.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Thinline
since 20082.175.053.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3643/00S000 | Flanders | 1,432 m² | 1 · 857 m² | 20.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 269 EUR awarded · 269 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 150 EUR | 150 EUR |
| 2022 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,002 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
Founded05-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.thinline.be
E-mail:info@thinline.be