THOMAS
ActiveTHOMAS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €363k and a net result of €-8k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+1
Solvency74▲+2
Growth43▲+5
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.62 in 2023; short-term debt: 20.9% and cash: 14.6% of total assets), and 51.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.5%
Return on assets
-1.1%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
54 d early
2022
19 d early
2021
24 d late
2020
30 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€214k▲ 23.6%
2023 · €173k
2018: €249k
2019: €237k
2020: €193k
2021: €128k
2022: €153k
2023: €173k
2018 → 2024
EBIT margin
-3.6%▲ 9.5pp
2023 · -13.1%
2018: 25.3%
2019: 22.4%
2020: 23.9%
2021: 159.9%
2022: -45.3%
2023: -13.1%
2018 → 2024
Net result
€-8k▲ 65.3%
2023 · €-24k
2018: €49k
2019: €53k
2020: €48k
2021: €165k
2022: €-73k
2023: €-24k
2018 → 2024
Working capital
€-18k▲ 69.7%
2023 · €-59k
2018: €89k
2019: €8k
2020: €26k
2021: €173k
2022: €3k
2023: €-59k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€193k-€128k▼ 33.5%€153k▲ 19.1%€173k▲ 13.4%€214k▲ 23.6%
Equity€298k-€463k▲ 55.6%€391k▼ 15.7%€374k▼ 4.3%€363k▼ 2.8%
Operating result€46k-€205k▲ 346%€-69k€-23k▲ 67.2%€-8k▲ 66.1%
Net result€48k-€165k▲ 248%€-73k€-24k▲ 67.6%€-8k▲ 65.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €23k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €749k
Fixed assets
€611k▼ 13.0%
Current assets
€139k▲ 40.8%
Equity and liabilities €749k
Equity
€363k▼ 2.8%
Debt
€386k▼ 9.6%
The debt ratio falls from 53.3% to 51.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€98k▲
2023 · €73k
Cash flow
€97k▲
2023 · €72k
Solvency
48.5%▲
2023 · 46.7%
Current ratio
0.89▲
2023 · 0.62
Quick ratio
0.89▲
2023 · 0.62
Debt / equity
1.06▼
2023 · 1.14
ROE
-2.2%▲
2023 · -6.3%
ROA
-1.1%▲
2023 · -2.9%
Interest coverage
36.25▲
2023 · 23.87
Debt
€386k▼
2023 · €427k
Debt ≤ 1 year
€157k▼
2023 · €158k
Debt > 1 year
€229k▼
2023 · €268k
Staff costs
€767▼
2023 · €896
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€801k€749k▼
Fixed assets21/28€702k€611k▼
Tangible fixed assets22/27€702k€610k▼
Land and buildings22€377k€366k▼
Plant, machinery and equipment23€214k€170k▼
Furniture and vehicles24€110k€75k▼
Other tangible fixed assets26€1k€459▼
Financial fixed assets28€227€227=
Current assets29/58€98k€139k▲
Amounts receivable within one year40/41€27k€26k▼
Trade receivables40€27k€26k▼
Cash at bank and in hand54/58€69k€110k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€801k€749k▼
Equity10/15€374k€363k▼
Contributions10/11€35k€35k=
Reserves13€304k€304k=
Distributable reserves133€304k€304k=
Profit (loss) carried forward14€29k€20k▼
Investment grants15€7k€5k▼
Amounts payable17/49€427k€386k▼
Amounts payable after more than one year17€268k€229k▼
Financial debts170/4€268k€229k▼
Amounts payable within one year42/48€158k€157k▼
Current portion of amounts payable after more than one year42€40k€40k▲
Trade debts44€952€2k▲
Suppliers440/4€952€2k▲
Taxes, remuneration and social security45€15k€13k▼
Taxes450/3€15k€13k▼
Other amounts payable47/48€102k€102k▲
Accrued charges and deferred income492/3€588€458▼
Income statement
Code20232024
Turnover70€173k€214k▲
Goods, raw materials, services and sundry goods60/61€112k€118k▲
Remuneration, social security and pensions62€896€767▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€106k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€76k€104k▲
Operating profit (loss)9901€-23k€-8k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-24k€-8k▲
Profit (loss) for the period9904€-24k€-8k▲
Profit (loss) for the period to be appropriated9905€-24k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€20k▼
Profit (loss) brought forward from the previous period14P€52k€29k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-73k ▼144%
Net result drops to €-73k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €165k ▲248%
Operating result €205k, net result €165k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.70
Current ratio from 1.15 to 3.70; short-term debt falls from €170k to €64k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Bastogne · 2 establishment units since 2015
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 Gustave-Delperdange 346600 BastogneGround area
2.0 ha
Building footprint
479 m²
Volume, LiDAR
6,583 m³
2 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Rue Gustave-Delperdange 34, 6600 Bastogne
since 20152.240.269.537
THOMAS
since 20252.386.906.120
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82003F0362/00H000 | Wallonia | 1.8 ha | - | - |
| 82003E0162/00D000 | Wallonia | 1,215 m² | 1 · 479 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
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.
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BOOMKWEKERIJ KOLISBOS
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GREEN DISTRIBUTION
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FOREST LIFE
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Assesse · Eq €353k
MOBAUT
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ZYNO
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Of 609 companies in sector 02100 we hold annual accounts for 212. 157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2015
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
43120Site preparation
02200Logging
02400Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.