THOLUMA
ActiveSummary
THOLUMA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587k and a net result of €166k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 2043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+2
Solvency86=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.72 in 2024; short-term debt: 34.1% and cash: 34.4% of total assets), and 38.8% 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 85
Relative position
BE, all sectors
reference
Sector 85
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
61.2%
Return on assets
17.3%
Age of the figures
15 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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-03-2026, 44 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
44 d late
2024
24 d early
2023
56 d early
2022
7 d early
2021
9 d late
2020
60 d early
2019
8 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€587k▲ 25.6%
2024 · €468k
2019: €159k
2020: €206k
2021: €285k
2022: €379k
2023: €457k
2024: €468k
2019 → 2025
Total assets
€959k▲ 25.8%
2024 · €763k
2019: €321k
2020: €303k
2021: €380k
2022: €472k
2023: €581k
2024: €763k
2019 → 2025
Net result
€166k▲ 42.2%
2024 · €117k
2019: €106k
2020: €47k
2021: €79k
2022: €94k
2023: €78k
2024: €117k
2019 → 2025
Working capital
€527k▲ 30.1%
2024 · €405k
2019: €114k
2020: €172k
2021: €259k
2022: €363k
2023: €445k
2024: €405k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€379k▲ 32.8%€457k▲ 20.7%€468k▲ 2.3%€587k▲ 25.6%
Operating result€119k-€140k▲ 17.2%€119k▼ 14.9%€174k▲ 46.6%€242k▲ 38.5%
Net result€79k-€94k▲ 18.5%€78k▼ 16.4%€117k▲ 48.9%€166k▲ 42.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959k
Fixed assets
€105k ▼ 14.7%
Current assets
€855k ▲ 33.5%
Equity and liabilities €959k
Equity
€587k ▲ 25.6%
Debt
€372k ▲ 26.0%
Debt's share of the balance-sheet total rises from 38.7% to 38.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258k▲
2024 · €184k
Cash flow
€182k▲
2024 · €126k
Current ratio
2.61▼
2024 · 2.72
Quick ratio
2.58▼
2024 · 2.68
Debt to equity
0.63▲
2024 · 0.63
ROE
28.2%▲
2024 · 24.9%
ROA
17.3%▲
2024 · 15.3%
Interest coverage
19.96▲
2024 · 12.64
Debt ≤ 1 year
€328k▲
2024 · €235k
Debt > 1 year
€44k▼
2024 · €60k
Income taxes
€76k▲
2024 · €49k
Staff costs
€184k▲
2024 · €183k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€763k€959k▲
Fixed assets21/28€123k€105k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€113k€96k▼
Furniture and vehicles24€26k€21k▼
Other tangible fixed assets26€87k€75k▼
Financial fixed assets28€4k€4k=
Current assets29/58€640k€855k▲
Stocks and contracts in progress3€10k€10k▼
Stocks30/36€10k€10k▼
Amounts receivable within one year40/41€12k€112k▲
Trade receivables40€8k€103k▲
Other amounts receivable41€4k€8k▲
Current investments50/53€300k€400k▲
Cash at bank and in hand54/58€315k€330k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€763k€959k▲
Equity10/15€468k€587k▲
Contributions10/11€30k€30k=
Reserves13€416k€535k▲
Distributable reserves133€416k€535k▲
Profit (loss) carried forward14€22k€23k▲
Amounts payable17/49€295k€372k▲
Amounts payable after more than one year17€60k€44k▼
Financial debts170/4€60k€44k▼
Amounts payable within one year42/48€235k€328k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44€11k€120k▲
Suppliers440/4€11k€120k▲
Advances received on contracts in progress46€36k€36k=
Taxes, remuneration and social security45€66k€79k▲
Taxes450/3€25k€36k▲
Remuneration and social security454/9€41k€44k▲
Other amounts payable47/48€91k€61k▼
Income statement
Code20242025
Remuneration, social security and pensions62€183k€184k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€17k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€369k€444k▲
Operating profit (loss)9901€174k€242k▲
Financial income75/76B€5k€13k▲
Recurring financial income75€5k€13k▲
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€165k€242k▲
Income taxes67/77€49k€76k▲
Profit (loss) for the period9904€117k€166k▲
Profit (loss) for the period to be appropriated9905€117k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€138k€188k▲
Profit (loss) brought forward from the previous period14P€22k€22k▲
Transfer from equity791/2€106k€46k▼
Transfer to equity691/2€117k€165k▲
To other reserves6921€117k€165k▲
Profit to be distributed694/7€106k€46k▼
Return on contributions (dividend)694€106k€46k▼
The notes to these accounts (10 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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 44 days late
2025
30-06
Financial
Highest result since 2019net €166k ▲42.2%
Operating result €242k, net result €166k, both a record.
30-06
Financial
Equity above €500kEq €587k ▲25.6%
7 profitable years in a row build equity to €587k.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €47k ▼55.8%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200kEq €206k ▲29.5%
2 profitable years in a row build equity to €206k.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
17-01
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
3 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, Ukkel · 1 establishment unit since 2013
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.
Waterloosesteenweg 8231180 UkkelGround area
587 m²
Building footprint
245 m²
Volume, LiDAR
3,154 m³
Parcel 21612C0056/02H089, Brussels · tallest building 22.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Waterloosesteenweg 823, 1180 Ukkel
since 20132.219.510.844
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0056/02H089 | Brussels | 587 m² | 1 · 245 m² | 22.4 m · 5 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.
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YOUTHSTART BELGIUM
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 690 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
Founded04-06-2013
Fiscal year end30-06
Activities, NACEBEL 2025
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.