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BY THR

Active
Private limited companyfounded 2019active for 7 yearsKerkstraat 50, 9255 Buggenhout, BelgiumKBO/BCE: BE 0726.814.664
Summary

BY THR has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,995 and a net result of €28,524. Equity is growing by about 43% per year across the filed financial years. Its solvency ranks better than 91% of 16,349 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112
1 site
Size
€174,908total assets 2025
Equity
€140,995
Profit
€28,524
Turnover not published (micro format)
Financial health
58 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Accounts filed 131 days late0 of 2 deeds read
Why 58raises riskCapped at 59: a confirmed filing findingLatest accounts 131 days late; 3 of the last 3 lateSector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 5.00, cash €83,930Equity €140,995 (80.6% of total assets)Show the evidence

Checked score

Score 2025
58 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 84% of its sector peers (NACE 56, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 80.6% of total assets
Liquidity 94-3
short-term debt 19.4% · cash 48.0%
Profitability 89-11
return on assets 16.3%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,704 companies, NACE 56, micro)
Last 24 months 11-2024: 3.6% 12-2024: 4.0%▲ +0.4 percentage points vs 11-2024 01-2025: 5.1%▲ +1.1 percentage points vs 12-2024 02-2025: 4.8%▼ -0.3 percentage points vs 01-2025 03-2025: 6.3%▲ +1.5 percentage points vs 02-2025 04-2025: 8.2%▲ +1.9 percentage points vs 03-2025 05-2025: 8.2%● unchanged vs 04-2025 06-2025: 8.5%▲ +0.3 percentage points vs 05-2025 07-2025: 7.8%▼ -0.7 percentage points vs 06-2025 08-2025: 7.8%● unchanged vs 07-2025 09-2025: 7.6%▼ -0.2 percentage points vs 08-2025 10-2025: 7.6%● unchanged vs 09-2025 11-2025: 9.7%▲ +2.1 percentage points vs 10-2025highest value 12-2025: 9.7%● unchanged vs 11-2025highest value 01-2026: 9.7%● unchanged vs 12-2025highest value 02-2026: 9.7%● unchanged vs 01-2026highest value 03-2026: 9.7%● unchanged vs 02-2026highest value 04-2026: 1.3%▼ -8.4 percentage points vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.3%● unchanged vs 07-2026 09-2026: 1.2%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: 1.3%▲ +0.1 percentage points vs 09-2026
Credit of up to €8,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 5.0, compared with 6.35 in 2024; short-term debt: 19.4% and cash: 48% of total assets), and 19.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 94% on solvency, 94% on liquidity, 77% on profitability and 70% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk
lowers risk · Liquidity: current ratio 5.00, cash €83,930
NBB · annual accounts
raises risk · Latest accounts 131 days late; 3 of the last 3 late
NBB · filings
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Equity €140,995 (80.6% of total assets)
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-03-2026, 131 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 5 filings
Deviation from the deadline
2025
131 days late
2024
496 days late
2023
247 days late
2022
477 days late
2021
4 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 271 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 5 July (4 of the last 5 filed years within 243 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end09-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Judicial dissolution, liquidator appointedEnterprise Court of Ghent, Dendermonde…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 131 days View
  • Positive: Among the best 10% on solvencysector median 30.0% · 16,349 companies 80.6% View
  • Positive: 5 profitable years in a rowprofit 2025: €28,524 5 years View

By topic

Financials

Financial year
2025
Total assets
€174,908
Profit
€28,524
Solvency
80.6%
Total assets▲ 32.3%
Net result
20212025
Go to Financials

Timeline

Events
10
Since
2021
Next accounts
by 31-10-2026
  1. 30-01-2026Judicial dissolution and immediate closure
  2. 04-07-2024Annual accounts filed
  3. 31-03-2024Highest result from 2021 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded
16-05-2019
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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