Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of THOWI is 1.9% (moderate). The 2024 annual accounts show equity of €219k and a net result of €72k. Its solvency ranks better than 86% of 6717 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
2 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 86% of 6717 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 14-07-2025 | 17 d early | 2025-00277457 |
| 31-12-2023 | 31-07-2024 | 16-07-2024 | 15 d early | 2024-00259289 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.9%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€72k-45.4%
Working capital€218k+50.2%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 14-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 67.7% | 20.4% | |
| Net result | €72k | €4k | |
| Equity | €219k | €16k | |
| Gross operating margin | €247k | €24k | |
| Staff costs | €145k | €33k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€102k
-40.6%
23-24
€72k
-45.4%
23-24
€73k
-45.1%
23-24
€324k
+13.1%
23-24
€219k
+49.1%
23-24
€218k
+50.2%
23-24
7
-61.2%
23-24
€145k
-50.9%
23-24
€19k
-52.2%
23-24
€105k
-24.8%
23-24
€104k
-24.9%
23-24
3.09
+51.1%
23-24
2.42
+71.9%
23-24
67.7%
+31.8%
23-24
0.48
-49.6%
23-24
32.9%
-63.4%
23-24
22.3%
-51.7%
23-24
8.33
-40.8%
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €102k |
| Net profit | €72k |
| Cash flow | €73k |
| Staff costs | €145k |
| Income taxes | €19k |
| Dividends | - |
| Total assets | €324k |
| Equity | €219k |
| Debt | €105k |
| of which ≤ 1y | €104k |
| of which > 1y | - |
| Working capital | €218k |
| Employees (FTE) | 6.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 3.09 |
| Quick ratio | 2.42 |
| Working capital ratio | 67.4% |
| Solvency | 67.7% |
| Debt / equity | 0.48 |
| Long-term debt ratio | - |
| Interest coverage | 8.33 |
| Gross margin | - |
| Net margin | - |
| ROA | 22.3% |
| ROE | 32.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €324k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €323k |
| Stocks & contracts in progress | 3 | €71k |
| Amounts receivable within one year | 40/41 | €14k |
| Cash & bank | 54/58 | €238k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €324k |
| Equity | 10/15 | €219k |
| Contributions / capital | 10/11 | €15k |
| Reserves | 13 | €204k |
| Amounts payable | 17/49 | €105k |
| Amounts payable within one year | 42/48 | €104k |
| Trade debts payable within one year | 44 | €84k |
| Income statement | ||
| Gross operating margin | 9900 | €247k |
| Operating result | 9901 | €101k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €12k |
| Result before taxes | 9903 | €91k |
| Income taxes | 67/77 | €19k |
| Net result for the period | 9904 | €72k |
| Result to be appropriated | 9905 | €72k |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Herstalstraat 43830 WellenEstablishment units
1 locationQ8
since 20222.335.473.057
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,711 m²
Buildings2
Building footprint361 m²
Volume (LiDAR)1,385 m³
Tallest building6.0 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032G0232/00P000 | Flanders | 2,900 m² | 1 · 193 m² | 6.0 m · 1 fl. |
| 73098B0336/00A002 | Flanders | 811 m² | 1 · 168 m² | 5.5 m · 1 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.
Analysis
Snowflake analysis
financial profile on 5 axes88
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
52
Stability
94
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0468.641.840 · Vorst
BE 0898.340.556 · Gent
BE 0824.255.817 · Nivelles
BE 0780.427.554 · Oostende
BE 0456.201.886 · Tielt
We hold annual accounts for 167 of the 1,267 companies in this sector. 122 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in motorbrandstoffen in gespecialiseerde winkels47300Detailhandel in motorbrandstoffen47300Detailhandel in dranken in gespecialiseerde winkels, algemeen assortiment47252Detailhandel in dranken, algemeen assortiment47252Detailhandel in tabaksproducten in gespecialiseerde winkels47260Detailhandel in tabaksproducten47260Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels47620Detailhandel in kranten en andere tijdschriften47621Detailhandel in vaste, vloeibare en gasvormige brandstoffen in gespecialiseerde winkels, m.u.v. motorbrandstoffen47781Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen47781
Primary activity highlighted.
Names & trade names
| Legal nameNL | THOWI |
Registered office
Herstalstraat 4 bus C
3830 Wellen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.