Public limited company · founded 2012 · 14 yrs activeBosmanslei 20, 2018 Antwerpen, BelgiumKBO/BCE: BE 0843.767.762
Summary
THINK2ACT CAPITAL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76.5m and a net result of €1.3m. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability41▼-59
Solvency100=
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.2%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 3.27 in 2024; short-term debt: 0.8% and cash: 0% of total assets), and 12% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
○
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. Usually files around 26 May (5 of the last 5 filed years within 30 days of that day).
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
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 15 February 2012, THINK2ACT CAPITAL was incorporated, with a starting capital of EUR 8 million.12The capital was increased 3 times between 2014 and 2022.345In 2026 the registered office moved to Antwerpen.6Of the 12 current board members, BREMAS has served longest, since 2012.7Revenue went from EUR 25,293 in 2018 to EUR 440,000 in 2025.8
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
Net result€12.4mabove the sector's middle half▲ 11,911%€3.3mabove the sector's middle half▼ 73.8%€6.3mabove the sector's middle half▲ 94.8%€64.8mabove the sector's middle half▲ 923%€1.3mabove the sector's middle half▼ 98.0%
Equity€46.2mabove the sector's middle half▲ 22.3%€65.0mabove the sector's middle half▲ 40.6%€67.3mabove the sector's middle half▲ 3.5%€115.3mabove the sector's middle half▲ 71.3%€76.5mabove the sector's middle half▼ 33.6%
Total assets€50.4mabove the sector's middle half▲ 30.6%€68.4mabove the sector's middle half▲ 35.8%€73.4mabove the sector's middle half▲ 7.2%€135.4mabove the sector's middle half▲ 84.5%€87.0mabove the sector's middle half▼ 35.7%
Working capital€20.8mabove the sector's middle half▲ 5,817%€18.3mabove the sector's middle half▼ 12.2%€8.7mabove the sector's middle half▼ 52.1%€45.5mabove the sector's middle half▲ 421%€842,548within the sector's middle half▼ 98.1%
Solvency91.6%above the sector's middle half▼ 6.2pp94.9%above the sector's middle half▲ 3.3pp91.7%above the sector's middle half▼ 3.2pp85.2%above the sector's middle half▼ 6.6pp88.0%above the sector's middle half▲ 2.8pp
Current ratio5.94above the sector's middle half▲ 4.516.28above the sector's middle half▲ 0.342.44within the sector's middle half▼ 3.843.27above the sector's middle half▲ 0.832.22within the sector's middle half▼ 1.05
Return on assets (ROA)24.6%above the sector's middle half▲ 24.4pp4.8%within the sector's middle half▼ 19.9pp8.6%within the sector's middle half▲ 3.9pp47.9%above the sector's middle half▲ 39.2pp1.5%within the sector's middle half▼ 46.4pp
abovewithinbelowthe middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.7m in 2025 against €1.8m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87.0m
98.2%
Fixed assets€85.5m ▲ 22.4%
Current assets€1.5m ▼ 97.7%
Equity and liabilities €87.0m
88.0%
12.0%
Equity€76.5m ▼ 33.6%
Debt€10.4m ▼ 48.0%
Debt's share of the balance-sheet total falls from 14.8% to 12.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.14▼
2024 · 0.17
ROE
1.7%▼
2024 · 56.2%
Debt ≤ 1 year
€689,867▼
2024 · €20.1m
Debt > 1 year
€9.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 74 lines
Balance sheetCode20242025
Assets
Total assets20/58€135.4m€87.0m▼
Fixed assets21/28€69.8m€85.5m▲
Financial fixed assets28€69.8m€85.5m▲
Affiliated companies280/1€35.7m€61.5m▲
Participating interests280€31.4m€47.1m▲
Amounts receivable281€4.3m€14.4m▲
Companies linked by participating interests282/3€31.6m€24.0m▼
Participating interests282€17.3m€18.2m▲
Amounts receivable283€14.3m€5.8m▼
Other financial fixed assets284/8€2.5m-
Amounts receivable and cash guarantees285/8€2.5m-
Current assets29/58€65.5m€1.5m▼
Amounts receivable after more than one year29€180,395€233,421▲
Other amounts receivable291€180,395€233,421▲
Amounts receivable within one year40/41€1.1m€1.0m▼
Trade receivables40€19,673€190,034▲
Other amounts receivable41€1.1m€841,536▼
Current investments50/53€61.5m-
Other investments51/53€61.5m-
Cash at bank and in hand54/58€2.7m€2,065▼
Deferred charges and accrued income490/1€123,600€265,360▲
Equity and liabilities
Total equity and liabilities10/49€135.4m€87.0m▼
Equity10/15€115.3m€76.5m▼
Contributions10/11€49.3m€49.3m=
Capital10€31.3m€31.3m=
Issued capital100€46.8m€46.8m=
Uncalled capital101€15.4m€15.4m=
Outside capital11€18.0m€18.0m=
Share premium1100/10€18.0m€18.0m=
Reserves13€4.7m€26.0m▲
Non-distributable reserves130/1€4.7m€4.7m=
Legal reserve130€4.7m€4.7m=
Distributable reserves133-€21.3m
Profit (loss) carried forward14€61.3m€1.3m▼
Amounts payable17/49€20.1m€10.4m▼
Amounts payable after more than one year17-€9.8m
Financial debts170/4-€9.8m
Other loans174-€9.8m
Amounts payable within one year42/48€20.1m€689,867▼
Financial debts43-€449,043
Credit institutions430/8-€449,043
Trade debts44€55,577€117,948▲
Suppliers440/4€55,577€117,948▲
Other amounts payable47/48€20.0m€122,877▼
Accrued charges and deferred income492/3€36,335€192▼
Income statementCode20242025
Operating income70/76A€466,194€483,310▲
Turnover70€266,012€440,000▲
Other operating income74€200,182€43,310▼
Operating charges60/66A€2.3m€2.2m▼
Services and other goods61€2.3m€2.2m▼
Other operating charges640/8€1,086€1,143▲
Operating profit (loss)9901-€1.8m-€1.7m▲
Financial income75/76B€77.8m€3.7m▼
Recurring financial income75€37.0m€3.6m▼
Income from financial fixed assets750€35.9m€2.7m▼
Income from current assets751€1.0m€942,747▼
Other financial income752/9€0-
Non-recurring financial income76B€40.8m€119,879▼
Financial charges65/66B€11.2m€765,701▼
Recurring financial charges65€120,895€180,701▲
Debt charges650-€128,212
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€4,525-
Other financial charges652/9€116,370€52,489▼
Non-recurring financial charges66B€11.1m€585,000▼
Profit (loss) for the period before taxes9903€64.8m€1.3m▼
Profit (loss) for the period9904€64.8m€1.3m▼
Profit (loss) for the period to be appropriated9905€64.8m€1.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€84.0m€62.6m▼
Profit (loss) brought forward from the previous period14P€19.2m€61.3m▲
Transfer to equity691/2€2.7m€21.3m▲
To the legal reserve6920€2.7m-
To other reserves6921-€21.3m
Profit to be distributed694/7€20.0m€40.0m▲
Return on contributions (dividend)694€20.0m€40.0m▲
The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€34,215
€353,963
€217,721
€466,194
€483,310
▲ 3.7%
Turnover70
€24,760
€89,000
€169,000
€266,012
€440,000
▲ 65.4%
Other operating income74
€9,455
€264,963
€48,721
€200,182
€43,310
▼ 78.4%
Operating charges60/66A
€1.8m
€1.0m
€1.3m
€2.3m
€2.2m
▼ 6.0%
Services and other goods61
€1.8m
€1.0m
€1.3m
€2.3m
€2.2m
▼ 6.0%
Other operating charges640/8
€969
€1,120
€1,069
€1,086
€1,143
▲ 5.3%
Operating profit (loss)9901
-€1.8m
-€674,748
-€1.1m
-€1.8m
-€1.7m
▲ 8.5%
Financial income75/76B
€14.7m
€4.4m
€9.0m
€77.8m
€3.7m
▼ 95.2%
Recurring financial income75
€364,149
€3.1m
€8.5m
€37.0m
€3.6m
▼ 90.3%
Income from financial fixed assets750
€332,642
€3.0m
€8.0m
€35.9m
€2.7m
▼ 92.6%
Income from current assets751
€31,507
€30,896
€534,959
€1.0m
€942,747
▼ 8.5%
Other financial income752/9
-
-
-
€0
-
-
Non-recurring financial income76B
€14.3m
€1.4m
€483,575
€40.8m
€119,879
▼ 99.7%
Financial charges65/66B
€537,892
€505,833
€1.5m
€11.2m
€765,701
▼ 93.2%
Recurring financial charges65
€37,892
€223,955
€5,641
€120,895
€180,701
▲ 49.5%
Debt charges650
€2,470
-
-
-
€128,212
-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651
-
€150,000
-
€4,525
-
-
Other financial charges652/9
€35,423
€73,955
€5,641
€116,370
€52,489
▼ 54.9%
Non-recurring financial charges66B
€500,000
€281,878
€1.5m
€11.1m
€585,000
▼ 94.7%
Profit (loss) for the period before taxes9903
€12.4m
€3.3m
€6.3m
€64.8m
€1.3m
▼ 98.0%
Profit (loss) for the period9904
€12.4m
€3.3m
€6.3m
€64.8m
€1.3m
▼ 98.0%
Profit (loss) for the period to be appropriated9905
€12.4m
€3.3m
€6.3m
€64.8m
€1.3m
▼ 98.0%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€50.4m
€68.4m
€73.4m
€135.4m
€87.0m
▼ 35.7%
Fixed assets21/28
€25.4m
€46.7m
€58.5m
€69.8m
€85.5m
▲ 22.4%
Financial fixed assets28
€25.4m
€46.7m
€58.5m
€69.8m
€85.5m
▲ 22.4%
Affiliated companies280/1
€19.2m
€35.0m
€48.4m
€35.7m
€61.5m
▲ 72.3%
Participating interests280
€17.4m
€31.4m
€35.5m
€31.4m
€47.1m
▲ 50.2%
Amounts receivable281
€1.9m
€3.6m
€12.9m
€4.3m
€14.4m
▲ 232%
Companies linked by participating interests282/3
€6.2m
€9.0m
€7.4m
€31.6m
€24.0m
▼ 24.2%
Participating interests282
€2.0m
€4.6m
€3.2m
€17.3m
€18.2m
▲ 4.9%
Amounts receivable283
€4.2m
€4.3m
€4.2m
€14.3m
€5.8m
▼ 59.4%
Other financial fixed assets284/8
-
€2.8m
€2.8m
€2.5m
-
-
Amounts receivable and cash guarantees285/8
-
€2.8m
€2.8m
€2.5m
-
-
Current assets29/58
€25.0m
€21.7m
€14.8m
€65.5m
€1.5m
▼ 97.7%
Amounts receivable after more than one year29
€2.9m
€245,870
€145,869
€180,395
€233,421
▲ 29.4%
Other amounts receivable291
€2.9m
€245,870
€145,869
€180,395
€233,421
▲ 29.4%
Amounts receivable within one year40/41
€441,783
€727,291
€4.7m
€1.1m
€1.0m
▼ 5.1%
Trade receivables40
€311,420
€312,153
€66,871
€19,673
€190,034
▲ 866%
Other amounts receivable41
€130,363
€415,139
€4.6m
€1.1m
€841,536
▼ 21.2%
Current investments50/53
-
€19.5m
€9.2m
€61.5m
-
-
Other investments51/53
-
€19.5m
€9.2m
€61.5m
-
-
Cash at bank and in hand54/58
€21.6m
€1.2m
€804,356
€2.7m
€2,065
▼ 99.9%
Deferred charges and accrued income490/1
€2,482
€26,708
€47,343
€123,600
€265,360
▲ 115%
Equity and liabilities
Total equity and liabilities10/49
€50.4m
€68.4m
€73.4m
€135.4m
€87.0m
▼ 35.7%
Equity10/15
€46.2m
€65.0m
€67.3m
€115.3m
€76.5m
▼ 33.6%
Contributions10/11
€25.4m
€44.1m
€46.1m
€49.3m
€49.3m
=
Capital10
€23.1m
€26.2m
€28.2m
€31.3m
€31.3m
=
Issued capital100
€34.5m
€46.8m
€46.8m
€46.8m
€46.8m
=
Uncalled capital101
€11.4m
€20.6m
€18.6m
€15.4m
€15.4m
=
Outside capital11
€2.2m
€18.0m
€18.0m
€18.0m
€18.0m
=
Share premium1100/10
€2.2m
€18.0m
€18.0m
€18.0m
€18.0m
=
Reserves13
€1.5m
€1.7m
€2.0m
€4.7m
€26.0m
▲ 455%
Non-distributable reserves130/1
€1.5m
€1.7m
€2.0m
€4.7m
€4.7m
=
Legal reserve130
€1.5m
€1.7m
€2.0m
€4.7m
€4.7m
=
Distributable reserves133
-
-
-
-
€21.3m
-
Profit (loss) carried forward14
€19.3m
€19.2m
€19.2m
€61.3m
€1.3m
▼ 97.9%
Amounts payable17/49
€4.2m
€3.5m
€6.1m
€20.1m
€10.4m
▼ 48.0%
Amounts payable after more than one year17
-
-
-
-
€9.8m
-
Financial debts170/4
-
-
-
-
€9.8m
-
Other loans174
-
-
-
-
€9.8m
-
Amounts payable within one year42/48
€4.2m
€3.5m
€6.1m
€20.1m
€689,867
▼ 96.6%
Financial debts43
-
-
-
-
€449,043
-
Credit institutions430/8
-
-
-
-
€449,043
-
Trade debts44
€201,039
€136,034
€53,879
€55,577
€117,948
▲ 112%
Suppliers440/4
€201,039
€136,034
€53,879
€55,577
€117,948
▲ 112%
Taxes, remuneration and social security45
€698
-
-
-
-
-
Taxes450/3
€698
-
-
-
-
-
Other amounts payable47/48
€4.0m
€3.3m
€6.0m
€20.0m
€122,877
▼ 99.4%
Accrued charges and deferred income492/3
-
-
-
€36,335
€192
▼ 99.5%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€12.4m
€3.3m
€6.3m
€64.8m
€1.3m
▼ 98.0%
Operating cash flow (approximation)
€12.4m
€3.3m
€6.3m
€64.8m
€1.3m
▼ 98.0%
Investment in fixed assets (approximation)
-
-€21.3m
-€11.8m
-€11.3m
-€15.6m
▼ 38.9%
Change in cash
-
-€20.4m
-€407,793
€1.9m
-€2.7m
▼ 242%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Director appointment, VERCAMBRE Kristof Robert Marcel (klasse a bestuurder)
Director appointment, Rhubikon (klasse b bestuurder)
Permanent representative, VERHELST Koen
2012
01-03
State Gazette actIncorporation
Appointments: VEM, COOPMAN Peter Octave Germain Martha and 6 others · Permanent representatives: VAN EECKHOUT Philiep Lydia Arseen Jozef, LESAFFER Filip Marc An Paul and 4 others · Founding capital21 facts ▸
Incorporation, 15-02-2012
Founding capital, €7.950.000
Director appointment, VEM (director)
Permanent representative, VAN EECKHOUT Philiep Lydia Arseen Jozef
Director appointment, COOPMAN Peter Octave Germain Martha (director)
Director appointment, FILIP LESAFFER (director)
Permanent representative, LESAFFER Filip Marc An Paul
Director appointment, Think2Act Partners (director)
Permanent representative, BREESCH Jo
Director appointment, BREESCH Jo (managing director)
Director appointment, SITE MANAGEMENT SERVICES (director)
Permanent representative, MEULEMANS Stefan Emiel Maria
+9 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
12 directors, 1 in day-to-day management, last change in 2025
Auditor · since 20-05-2022 · perm. rep.: Ellen Tindemans
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Bosmanslei 20, 2018 AntwerpenFinancial service activities, except insurance and pension funding
since 20122.210.225.271
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
11810K1902/00F004
Flanders
291 m²
1 · 129 m²
17.0 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
26 people since 2012, 19 in office
Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier
Mandates per person, with start and end dates
Name
Functions and periods20122014201620182020202220242026
“3. Duur: De vennootschap wordt opgericht voor een duurtijd van tien (10) jaar. Bij beslissing van de algemene vergadering beslissend met de Bijzondere Meerderheid Aandeelhouders uiteengezet in artikel 30, kan de duur verlengd worden met maximaal twee maal één jaar.”
De vennootschap heeft tot doel het nemen van participaties in eender welke vorm, of het verstrekken van financieringen aan ondememingen (bestaande of nog op te richten), het…
Full purpose
De vennootschap heeft tot doel het nemen van participaties in eender welke vorm, of het verstrekken van financieringen aan ondememingen (bestaande of nog op te richten), het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in ondernemingen waarin zij al of niet een participatie aanhoudt, in alle sectoren van industrie, handel eri diensten in België en in het buitenland en in het algemeen alle investeringsactiviteiten en daarmee gerelateerde activiteiten...
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
4 owners · 25 holdings · 17 subsidiaries in the tree
According to the 2025 annual accounts of THINK2ACT CAPITAL and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
7 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 24,494 companies in sector 82990 we hold annual accounts for 9,417. 239 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded15-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID0208:0843767762
Registered27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.