Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
95 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ThM from Sint-Niklaas, company number BE0476738370, closed financial year 2025 with a result of € -14,126 after tax. For that financial year ThM recorded a gross margin of € 10,407 and equity of € -88,488. Compared with financial year 2024, the result moved from € -7,063 to € -14,126. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ -88,488
▼ € 14,126 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,126
▼ 100 % more loss than in 2024
Profit after tax over the fiscal year.
€ 282
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -107,088.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 872
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,896
▲ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,054 | € -2,702 | € -4,710 | € 10,407 | ▲ € 15,117 |
| Profit after taxes | € 507 | € -14,793 | € -7,063 | € -14,126 | ▼ € 7,063 |
| Equity | € -52,507 | € -67,300 | € -74,362 | € -88,488 | ▼ € 14,126 |
| Total debts | € 120,719 | € 98,321 | € 104,875 | € 93,998 | ▼ 10% |
| Cash | € 9 | € 35 | - | € 282 | |
| Retained profit | € -71,107 | € -85,900 | € -92,962 | € -107,088 | ▼ € 14,126 |
| Bank debt | € 0 | € 0 | € 0 | € 0 | ▼ 100% |
| Balance sheet total | € 68,211 | € 31,021 | € 30,512 | € 5,510 | ▼ 82% |
Key figures of ThM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ThM?
What happened at ThM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,126. Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 507 profit in 2022 to € 14,126 loss in 2025.
Paid € 1,919 in corporate taxes since 2022.
Best year ever: 2022, with € 507 profit.
A new publication or filing at ThM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ThM is Luc Adriaansen. Luc Adriaansen is also behind AX-INVEST and ALMAGATES.
Establishments
Establishment units
Physical locations of this company
Industriepark-West 75
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 95 companies are registered at this address.
All companies at this address →LFB Benelux
€ 834,400 gross margin · 2024
AERO PRODUCTS
€ -1,440 gross margin · 2025
BAKKERS VLAANDEREN
BEDRIJVENCENTRUM WAASLAND
€ 690,327 gross margin · 2025
Angst + Pfister N.V./S.A.
€ 68,532 gross margin · 2025
+90 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.738.370
- VAT number
- BE 0476.738.370
- Registered office
- Industriepark-West 75, 9100 Sint-Niklaas
- Names & denominations
- ThM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2002
- Peppol
- Active · Active since 25 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.
Reparatie en onderhoud van andere civiele transportmiddelen
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Beveiligingsactiviteiten, neg
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Vervaardiging van communicatieapparatuur
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
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