Thomas De Cauwer
ActiveThomas De Cauwer has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €1k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-1
Solvency43▼-26
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
12 d early
2020
2 d early
2019
81 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 79.7%
2024 · €31k
2018: €22k
2019: €35k
2020: €47k
2021: €51k
2022: €26k
2023: €29k
2024: €31k
2018 → 2025
Total assets
€35k▼ 49.3%
2024 · €70k
2018: €46k
2019: €45k
2020: €53k
2021: €65k
2022: €73k
2023: €87k
2024: €70k
2018 → 2025
Net result
€1k▼ 57.5%
2024 · €3k
2018: €10k
2019: €13k
2020: €11k
2021: €4k
2022: €-30k
2023: €2k
2024: €3k
2018 → 2025
Working capital
€-6k
2024 · €15k
2018: €25k
2019: €35k
2020: €47k
2021: €51k
2022: €26k
2023: €11k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€26k▼ 47.9%€29k▲ 9.4%€31k▲ 6.8%€6k▼ 79.7%
Operating result€6k-€-30k€2k€4k▲ 106%€1k▼ 63.4%
Net result€4k-€-30k€2k€3k▲ 14.0%€1k▼ 57.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€23k▼ 37.7%
Current assets
€12k▼ 62.5%
Equity and liabilities €35k
Equity
€6k▼ 79.7%
Debt
€29k▼ 25.4%
The debt ratio rises from 55.9% to 82.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €18k
Cash flow
€15k▼
2024 · €17k
Solvency
17.7%▼
2024 · 44.1%
Current ratio
0.68▼
2024 · 1.81
Quick ratio
0.60▼
2024 · 1.73
Debt / equity
4.65▲
2024 · 1.27
ROE
19.2%▲
2024 · 9.2%
ROA
3.4%▼
2024 · 4.0%
Interest coverage
29.02▲
2024 · 10.50
Debt
€29k▼
2024 · €39k
Debt ≤ 1 year
€18k▲
2024 · €18k
Debt > 1 year
€11k▼
2024 · €21k
Income taxes
€141▲
2024 · €130
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70k€35k▼
Fixed assets21/28€37k€23k▼
Tangible fixed assets22/27€37k€23k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€34k€22k▼
Current assets29/58€33k€12k▼
Stocks and contracts in progress3€1k€1k▼
Stocks30/36€1k€1k▼
Amounts receivable within one year40/41€17k€5k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€12k€799▼
Cash at bank and in hand54/58€12k€5k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€70k€35k▼
Equity10/15€31k€6k▼
Contributions10/11€19k€4k▼
Reserves13€12k€3k▼
Distributable reserves133€12k€3k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€39k€29k▼
Amounts payable after more than one year17€21k€11k▼
Financial debts170/4€21k€11k▼
Amounts payable within one year42/48€18k€18k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€6k€6k▲
Other loans439€6k€6k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€587€680▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€859€2k▲
Accrued charges and deferred income492/3-€320
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€20k€17k▼
Operating profit (loss)9901€4k€1k▼
Financial income75/76B€822€473▼
Recurring financial income75€822€473▼
Financial charges65/66B€2k€532▼
Recurring financial charges65€2k€532▼
Profit (loss) for the period before taxes9903€3k€1k▼
Income taxes67/77€130€141▲
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€1k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€10k
Transfer to equity691/2€2k€371▼
To other reserves6921€2k€371▼
Profit to be distributed694/7€859€11k▲
Return on contributions (dividend)694€859€11k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼830%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
31-12
Financial
Highest result since 2018net €13k ▲28.6%
Operating result €16k, net result €13k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.70
Current ratio from 2.19 to 4.70; short-term debt falls from €21k to €9k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Temse · 1 establishment unit since 2017
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.
Warandestraat 1479140 TemseGround area
731 m²
Building footprint
115 m²
Volume, LiDAR
567 m³
Parcel 46023C1086/00L000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thomas De Cauwer
since 20172.270.117.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46023C1086/00L000 | Flanders | 731 m² | 1 · 115 m² | 8.7 m · 1 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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Of 4,011 companies in sector 43310 we hold annual accounts for 1,745. 853 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2017
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.