THOVANEL
Open bankruptcyA bankruptcy procedure is open for THOVANEL according to publications in the Belgian State Gazette; curator: DAVID DEMOL.
Summary
The 2023 annual accounts show equity of €51k and a net result of €-40k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-06-2024, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
40 d early
2022
287 d late
2021
652 d late
2020
951 d late
2019
1316 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-40k▼ 323%
2022 · €-10k
2018: €7khighest in 6 years
2019: €-18k▼ -345% vs 2018
2020: €-21k▼ -19.0% vs 2019
2021: €-22k▼ -2.9% vs 2020
2022: €-10k▲ +56.9% vs 2021
2023: €-40k▼ -323% vs 2022lowest in 6 years
2018 → 2023
Working capital
€51k▼ 44.1%
2022 · €92k
2018: €146khighest in 6 years
2019: €135k▼ -7.5% vs 2018
2020: €119k▼ -12.4% vs 2019
2021: €100k▼ -15.7% vs 2020
2022: €92k▼ -8.4% vs 2021
2023: €51k▼ -44.1% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€145k-€123k▼ 14.8%€101k▼ 17.9%€92k▼ 9.4%€51k▼ 44.1%
2019: €145khighest in 5 years
2020: €123k▼ -14.8% vs 2019
2021: €101k▼ -17.9% vs 2020
2022: €92k▼ -9.4% vs 2021
2023: €51k▼ -44.1% vs 2022lowest in 5 years
Operating result€-247-€-8k▼ 3,155%€17k€14k▼ 16.4%€12k▼ 17.7%
2019: €-247
2020: €-8k▼ -3155% vs 2019lowest in 5 years
2021: €17k▲ +309% vs 2020highest in 5 years
2022: €14k▼ -16.4% vs 2021
2023: €12k▼ -17.7% vs 2022
Net result€-18k-€-21k▼ 19.0%€-22k▼ 2.9%€-10k▲ 56.9%€-40k▼ 323%
2019: €-18k
2020: €-21k▼ -19.0% vs 2019
2021: €-22k▼ -2.9% vs 2020
2022: €-10k▲ +56.9% vs 2021highest in 5 years
2023: €-40k▼ -323% vs 2022lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 18% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €219k
Equity
€51k ▼ 44.1%
Debt
€168k ▼ 22.8%
Debt's share of the balance-sheet total rises from 70.3% to 76.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.31▼
2022 · 1.42
Debt to equity
3.27▲
2022 · 2.37
ROE
-78.7%▼
2022 · -10.4%
ROA
-18.4%▼
2022 · -3.1%
Debt ≤ 1 year
€168k▼
2022 · €217k
Income taxes
€36k▲
2022 · €20k
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 · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€309k€219k▼
Current assets29/58€309k€219k▼
Amounts receivable within one year40/41€308k€218k▼
Trade receivables40€18k€3k▼
Other amounts receivable41€290k€215k▼
Cash at bank and in hand54/58€416€1▼
Deferred charges and accrued income490/1-€872
Equity and liabilities
Total equity and liabilities10/49€309k€219k▼
Equity10/15€92k€51k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€143k€143k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€141k€141k=
Profit (loss) carried forward14€-57k€-98k▼
Amounts payable17/49€217k€168k▼
Amounts payable within one year42/48€217k€168k▼
Trade debts44€56k€5k▼
Suppliers440/4€56k€5k▼
Advances received on contracts in progress46€51k-
Taxes, remuneration and social security45€70k€122k▲
Taxes450/3€70k€122k▲
Other amounts payable47/48€40k€40k=
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€1k€4k▲
Gross operating margin9900€16k€16k▼
Operating profit (loss)9901€14k€12k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€4k€16k▲
Recurring financial charges65€2k€1k▼
Non-recurring financial charges66B€2k€14k▲
Profit (loss) for the period before taxes9903€10k€-4k▼
Income taxes67/77€20k€36k▲
Profit (loss) for the period9904€-10k€-40k▼
Profit (loss) for the period to be appropriated9905€-10k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-98k▼
Profit (loss) brought forward from the previous period14P€-48k€-57k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €5k | €6k | €1k | - | - |
| Other operating charges640/8 | €2k | €3k | €1k | €1k | €4k | ▲ 301% |
| Gross operating margin9900 | €14k | €-231 | €24k | €16k | €16k | ▼ 3.6% |
| Operating profit (loss)9901 | €-247 | €-8k | €17k | €14k | €12k | ▼ 17.7% |
| Financial income75/76B | - | €3k | - | €2 | - | - |
| Recurring financial income75 | - | €3k | - | €2 | - | - |
| Financial charges65/66B | €5k | €4k | €7k | €4k | €16k | ▲ 341% |
| Recurring financial charges65 | €1k | €859 | €89 | €2k | €1k | ▼ 31.5% |
| Non-recurring financial charges66B | €3k | €3k | €7k | €2k | €14k | ▲ 652% |
| Profit (loss) for the period before taxes9903 | €-5k | €-10k | €10k | €10k | €-4k | ▼ 139% |
| Income taxes67/77 | €13k | €12k | €32k | €20k | €36k | ▲ 81.3% |
| Profit (loss) for the period9904 | €-18k | €-21k | €-22k | €-10k | €-40k | ▼ 323% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-21k | €-22k | €-10k | €-40k | ▼ 323% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €320k | €301k | €315k | €309k | €219k | ▼ 29.1% |
| Fixed assets21/28 | €9k | €5k | €1k | - | - | - |
| Tangible fixed assets22/27 | €9k | €5k | €1k | - | - | - |
| Furniture and vehicles24 | €9k | €5k | €1k | - | - | - |
| Current assets29/58 | €311k | €297k | €314k | €309k | €219k | ▼ 29.1% |
| Amounts receivable within one year40/41 | €311k | €297k | €314k | €308k | €218k | ▼ 29.3% |
| Trade receivables40 | €27k | €17k | €17k | €18k | €3k | ▼ 81.7% |
| Other amounts receivable41 | €284k | €280k | €297k | €290k | €215k | ▼ 26.1% |
| Cash at bank and in hand54/58 | - | - | €4 | €416 | €1 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €100 | - | - | €872 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €320k | €301k | €315k | €309k | €219k | ▼ 29.1% |
| Equity10/15 | €145k | €123k | €101k | €92k | €51k | ▼ 44.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €143k | €143k | €143k | €143k | €143k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €141k | €141k | €141k | €141k | €141k | = |
| Profit (loss) carried forward14 | €-4k | €-26k | €-48k | €-57k | €-98k | ▼ 70.2% |
| Amounts payable17/49 | €176k | €178k | €214k | €217k | €168k | ▼ 22.8% |
| Amounts payable within one year42/48 | €176k | €178k | €214k | €217k | €168k | ▼ 22.8% |
| Current portion of amounts payable after more than one year42 | €6k | - | - | - | - | - |
| Financial debts43 | €1k | €11 | - | - | - | - |
| Credit institutions430/8 | €1k | €11 | - | - | - | - |
| Trade debts44 | €75k | €59k | €54k | €56k | €5k | ▼ 90.7% |
| Suppliers440/4 | €75k | €59k | €54k | €56k | €5k | ▼ 90.7% |
| Advances received on contracts in progress46 | €16k | €31k | €45k | €51k | - | - |
| Taxes, remuneration and social security45 | €37k | €48k | €74k | €70k | €122k | ▲ 74.4% |
| Taxes450/3 | €37k | €48k | €74k | €70k | €122k | ▲ 74.4% |
| Other amounts payable47/48 | €40k | €40k | €40k | €40k | €40k | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-21k | €-22k | €-10k | €-40k | ▼ 323% |
| + Depreciation and write-downs630 | €13k | €5k | €6k | €1k | - | - |
| Operating cash flow (approximation) | €-5k | €-17k | €-16k | €-8k | €-40k | ▼ 379% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | - | - | - |
| Change in cash | - | - | - | €412 | €-415 | ▼ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 10-02-2025
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 287 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 652 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 951 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1316 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1682 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2047 days late
2023
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series.
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 471 days late
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 466 days late
2015
10-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 406 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-le-Comte · 1 establishment unit since 1997
Ground area
1.0 ha
Building footprint
132 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue d'Omerie(K) 40, 7540 Tournai
since 19972.082.428.761
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55004H0461/00N003 | Wallonia | 6,997 m² | - | - |
| 57042C0031/00F003 | Wallonia | 3,142 m² | 1 · 132 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DAVID DEMOL GRAND PLACE 11, 7090 BRAINE-LE-
COMTE- .
Date provisoire de cessation de paiement : 10/02/2025 |
10-02-2025 → present |
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Of 1,565 companies in sector 46900 we hold annual accounts for 920. 514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.