Thomas Hoogwerkers

Active

Private limited companyfounded 196858 yrs activeBrusselsesteenweg 142, 1785 Merchtem, BelgiumKBO/BCE: BE 0400.752.035

Thomas Hoogwerkers has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €410k and a net result of €132k. Its solvency ranks better than 28% of 972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

51 / 100

Fair▲ +8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency10=

Growth78

Stability100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €21k at 30 days acceptable

Liquidity short (current ratio 0.68 against 0.73 in 2023), and 91.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

4 signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

35 d early

2022

24 d early

2021

54 d late

2020

1 d early

2019

10 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€410k▲ 47.2%

2023 · €279k

2023: €279k

2023 → 2024

Total assets

€4.73M▲ 35.7%

2023 · €3.49M

2023: €3.49M

2023 → 2024

Net result

€132k▲ 24.8%

2023 · €105k

2023: €105k

2023 → 2024

Working capital

€-464k▼ 112%

2023 · €-219k

2023: €-219k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€279k-€410k▲ 47.2%

Operating result€146k-€198k▲ 35.2%

Net result€105k-€132k▲ 24.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 35% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.73M

79.6%

20.4%

Fixed assets €3.77M▲ 29.6%

Current assets €965k▲ 65.8%

Equity and liabilities €4.73M

91.3%

Equity €410k▲ 47.2%

Debt €4.32M▲ 34.6%

The debt ratio falls from 92.0% to 91.3%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€362k▲

2023 · €205k

Cash flow

€297k▲

2023 · €164k

Solvency

8.7%▲

2023 · 8.0%

Current ratio

0.68▼

2023 · 0.73

Quick ratio

0.33▲

2023 · 0.22

Debt / equity

10.53▼

2023 · 11.52

ROE

32.1%▼

2023 · 37.8%

ROA

2.8%▼

2023 · 3.0%

Interest coverage

5.51▲

2023 · 5.01

Debt

€4.32M▲

2023 · €3.21M

Debt ≤ 1 year

€1.43M▲

2023 · €801k

Debt > 1 year

€2.89M▲

2023 · €2.41M

Income taxes

€466▼

2023 · €488

Staff costs

€397k▲

2023 · €274k

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

Total assets 20/58€3.49M€4.73M▲

Fixed assets 21/28€2.91M€3.77M▲

Intangible fixed assets 21€4k€3k▼

Tangible fixed assets 22/27€2.90M€3.76M▲

Financial fixed assets 28€2k€2k=

Current assets 29/58€582k€965k▲

Stocks & contracts in progress 3€408k€498k▲

Amounts receivable within one year 40/41€163k€291k▲

Cash & bank 54/58€1k€6k▲

Total equity & liabilities 10/49€3.49M€4.73M▲

Equity 10/15€279k€410k▲

Contributions / capital 10/11€19k€19k=

Reserves 13€260k€392k▲

Accumulated profits (losses) 14€0-

Amounts payable 17/49€3.21M€4.32M▲

Amounts payable after one year 17€2.41M€2.89M▲

Amounts payable within one year 42/48€801k€1.43M▲

Trade debts payable within one year 44€201k€781k▲

Income statement Code20232024

Gross operating margin 9900€494k€778k▲

Operating result 9901€146k€198k▲

Financial income 75€692€262▼

Financial charges 65€41k€66k▲

Result before taxes 9903€106k€132k▲

Income taxes 67/77€488€466▼

Net result for the period 9904€105k€132k▲

Result to be appropriated 9905€105k€132k▲

Timeline · acts, filings and financial milestones

All 16Gazette 6Filings 10

2026

26-05

State Gazette act Open capture

Notarial deed · General meeting · Auditor report · Auditor mandate · Tim CARNEWAL

27-01

State Gazette act Miscellaneous

proposal

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

24-10

State Gazette act Director changes

v3.2

26-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

07-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

23-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 54 days late

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

14-07

State Gazette act Statutes amendment

v3.2

21-01

State Gazette act Director changes

v3.2

2020

10-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 10 days late

2019

02-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 2 days late

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 1 day late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

2016

19-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

23-04

State Gazette act Director changes

v3.2

State Gazette actNBB filing

6 of 6 acts read

Directors · office · real estate

Directors

3 directors, no change since 2023

THOMAS Michiel

Director · since 14-07-2021

Current

28-10-2023 Eric Thomas: Resigned as Director

14-07-2021 THOMAS Michiel: Appointed as Director

14-07-2021 Eric Thomas: Resigned as Manager

14-07-2021 Eric Thomas: Appointed as Director

31-12-2020 Joris THOMAS: Resigned as Director

Location & real-estate footprint

Registered office, Merchtem · 1 establishment unit since 1967

exact location from the address register On OpenStreetMap

Ground area

7,749 m²

Building footprint

5,031 m²

Parcel 23602I0228/00C000, Flanders. Linked by address, not a title deed.

1 establishment unit

Thomas Kranen

Brusselsesteenweg 142, 1785 MerchtemNACE 2922001

since 19672.000.905.508

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23602I0228/00C000	Flanders	7,749 m²	1 · 5,031 m²	-

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.

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

A.G. Item Mobile

BE 0421.152.125

Mont-Saint-Guibert · Eq €411k

GROUP Cé

BE 0881.216.393

Hasselt · Eq €408k

Multy EPDM Roofing Trade

BE 0839.496.792

Pelt · Eq €415k

AUTOMOTIVE TRAILER SERVICES

Of 336 companies in sector 46713 we hold annual accounts for 193. 154 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-01-1968

Fiscal year end31-12

Activities, NACEBEL

28220Manufacture of machinery and equipment not elsewhere classified

29321

45194

46713Wholesale trade

25110Manufacture of metal structures and parts of structures

28110

28300Manufacture of machinery and equipment not elsewhere classified

47811Retail sale of cars and light vans (up to 3.5 tonnes)

47812Retail trade

45204

95319Other maintenance and repair of motor vehicles

45402

47830Retail sale of motorcycles and motorcycle parts and accessories

95314Bodywork repair (including spraying and painting)

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 6 actsNational Bank · 48 filingsAddress and cadastre registers

Data from official sources, last processed on 28-07-2026. Scores and ratios are computed by Checked and are not a credit decision.