Bouwwerken THYS
ActiveBouwwerken THYS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20k and a net result of €18k. Equity is growing by ~82.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+17
Solvency36▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 3.46 against 3.65 in 2023; short-term debt: 20.8% and cash: 31.4% of total assets), but 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
10.6%
Return on assets
9.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9981 sector peers (2024).
NBB · sector comparisonPosition among 9981 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
24 d late
2022
4 d early
2021
27 d early
2020
10 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€20k▲ 870%
2023 · €2k
2018: €-44k
2019: €-11k
2020: €-40k
2021: €-13k
2022: €-332
2023: €2k
2018 → 2024
Total assets
€193k▲ 7.8%
2023 · €179k
2018: €148k
2019: €133k
2020: €92k
2021: €177k
2022: €192k
2023: €179k
2018 → 2024
Net result
€18k▲ 651%
2023 · €2k
2018: €-29k
2019: €33k
2020: €-29k
2021: €27k
2022: €12k
2023: €2k
2018 → 2024
Working capital
€99k▲ 32.2%
2023 · €75k
2018: €-85k
2019: €-37k
2020: €44k
2021: €24k
2022: €68k
2023: €75k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-40k-€-13k▲ 68.3%€-332▲ 97.4%€2k€20k▲ 870%
Operating result€-14k-€27k€17k▼ 35.5%€10k▼ 42.4%€28k▲ 184%
Net result€-29k-€27k€12k▼ 54.9%€2k▼ 80.1%€18k▲ 651%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 184% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €193k
Fixed assets
€54k▼ 29.1%
Current assets
€139k▲ 34.9%
Equity and liabilities €193k
Equity
€20k▲ 870%
Debt
€172k▼ 2.5%
The debt ratio falls from 98.8% to 89.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €35k
Cash flow
€45k▲
2023 · €28k
Solvency
10.6%▲
2023 · 1.2%
Current ratio
3.46▼
2023 · 3.65
Quick ratio
2.90▲
2023 · 2.81
Debt / equity
8.45▼
2023 · 84.04
ROE
89.7%▼
2023 · 115.8%
ROA
9.5%▲
2023 · 1.4%
Interest coverage
5.41▲
2023 · 4.65
Debt
€172k▼
2023 · €177k
Debt ≤ 1 year
€40k▲
2023 · €28k
Debt > 1 year
€132k▼
2023 · €147k
Income taxes
€2
Staff costs
€48k▲
2023 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€179k€193k▲
Fixed assets21/28€76k€54k▼
Tangible fixed assets22/27€75k€53k▼
Plant, machinery and equipment23€18k€14k▼
Furniture and vehicles24€30k€21k▼
Leasing and similar rights25€27k€19k▼
Other tangible fixed assets26€121€0▼
Financial fixed assets28€610€610=
Current assets29/58€103k€139k▲
Stocks and contracts in progress3€24k€22k▼
Stocks30/36€24k€22k▼
Amounts receivable within one year40/41€40k€53k▲
Trade receivables40€39k€40k▲
Other amounts receivable41€1k€13k▲
Cash at bank and in hand54/58€37k€61k▲
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€179k€193k▲
Equity10/15€2k€20k▲
Contributions10/11€69k€69k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-73k€-55k▲
Amounts payable17/49€177k€172k▼
Amounts payable after more than one year17€147k€132k▼
Financial debts170/4€147k€132k▼
Amounts payable within one year42/48€28k€40k▲
Current portion of amounts payable after more than one year42€18k€17k▼
Trade debts44€4k€16k▲
Suppliers440/4€4k€16k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€3k€3k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€3€0▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€44k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€980€967▼
Gross operating margin9900€81k€103k▲
Operating profit (loss)9901€10k€28k▲
Financial income75/76B€66€0▼
Recurring financial income75€66€0▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€2k€18k▲
Income taxes67/77-€2
Profit (loss) for the period9904€2k€18k▲
Profit (loss) for the period to be appropriated9905€2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-55k▲
Profit (loss) brought forward from the previous period14P€-76k€-73k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 3.26
Current ratio from 1.30 to 3.26; short-term debt falls from €81k to €30k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-29k ▼188%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.51
Current ratio from 0.74 to 2.51; short-term debt falls from €142k to €29k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oudsbergen · 1 establishment unit since 1995
Cannot 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.
Geensstraat 573660 OudsbergenGround area
1,223 m²
Building footprint
226 m²
Volume, LiDAR
1,194 m³
Parcel 71047A0008/00M000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bouwwerken Thys
since 19952.071.409.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A0008/00M000 | Flanders | 1,223 m² | 1 · 226 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 631 EUR awarded · 631 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 168 EUR |
| 2023 | 1 | 631 EUR | 463 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 11,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-1995
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.