Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
THRIVE from Gent, company number BE0746581185, closed financial year 2025 with a result of € -450,169 after tax. For that financial year THRIVE recorded a gross margin of € -187,574 and equity of € 675,247. Compared with financial year 2024, the result moved from € -268,156 to € -450,169. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 675,247
▲ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -450,169
▼ 68 % more loss than in 2024
Profit after tax over the fiscal year.
€ 272,955
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
3.1
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 147,605
▲ 19% vs 2024
€ 47,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,982
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 915,955
▼ 6% vs 2024
€ 173,600 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 192,171
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,155
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -147,971 | € -248,129 | € -44,400 | € -187,574 | ▼ € 143,174 |
| Profit after taxes | € -323,766 | € -517,953 | € -268,156 | € -450,169 | ▼ € 182,013 |
| Equity | € -152,542 | € -320,495 | € -388,639 | € 675,247 | ▲ € 1.1 million |
| Total debts | € 501,212 | € 1,170,619 | € 1,188,371 | € 1,130,581 | ▼ 5% |
| Cash | € 125,615 | € 202,586 | € 118,287 | € 272,955 | ▲ 131% |
| Retained profit | € -225,542 | € -743,495 | € -1,011,651 | € -1,461,820 | ▼ € 450,169 |
| Bank debt | € 393,831 | € 1,030,246 | € 969,288 | € 915,955 | ▼ 6% |
| Balance sheet total | € 348,669 | € 850,125 | € 799,733 | € 1,805,828 | ▲ 126% |
| Employees (FTE) | - | - | 2.4 | 3.1 | ▲ 0.7 |
Key figures of THRIVE, 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 THRIVE?
What happened at THRIVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 450,169. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 323,766 loss in 2022 to € 450,169 loss in 2025.
Paid € 1,192 in corporate taxes since 2022.
Management
The stake of MGO Invest, FLEMISH INVESTMENT CORPORATION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THRIVEBehind THRIVE are Overthrive BV and Flemish Investment Corporation BV. The shares are held by MGO Invest (28.6%) and FLEMISH INVESTMENT CORPORATION (16.2%).
Directors
According to the 2025 annual accounts
Director · represented by Laurens D'hoore
Flemish Investment Corporation BV
Director · represented by Jürgen Vandervelden
Also active at: JNS Betonboringen
Shareholders
28.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Coupure 88
9000 Gent
Adelaarsstraat 13 box 202
9051 Gent
Active since 29 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →IMMO SCHIJNPOORT
€ 42,696 gross margin · 2025
EVENT & EXPO BELGIE
€ 205,668 gross margin · 2025
ProBas
EMMAREM
€ -293,459 gross margin · 2023
LUTAZI
€ 357,545 gross margin · 2023
+77 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
- 0746.581.185
- VAT number
- BE 0746.581.185
- Registered office
- Coupure 88, 9000 Gent
- Names & denominations
- THRIVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2020
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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