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Immo Thilo

Active
Private limited companyfounded 201114 yrs activeMoerstraat 75, 8560 Wevelgem, BelgiumKBO/BCE: BE 0843.043.133
Summary

Immo Thilo has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,466 and a net result of €6,577. Equity is growing by ~15.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability82=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.38 in 2023; short-term debt: 16.2% and cash: 5.5% of total assets), and 16.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
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 2024
Solvency, return and age of the figures
Solvency
83.8%
Return on assets
10.7%
Age of the figures
21 mo
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d early
2023
19 d early
2022
5 d early
2021
31 d late
2020
90 d late
2019
56 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
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

Immo Thilo was incorporated on 27 December 2011.1 Total assets rose from EUR 36,798 in 2018 to EUR 61,408 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€51,466▲ 14.7%
2023 · €44,889
Total assets
€61,408▲ 19.0%
2023 · €51,596
Net result
€6,577▲ 21.5%
2023 · €5,414
Working capital
€15,644▲ 69.5%
2023 · €9,229
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€4,201▲ 71.6%€5,695▲ 35.6%€10,224▲ 79.5%€6,965▼ 31.9%€8,124▲ 16.6%
Net result€3,327▲ 37.9%€4,149▲ 24.7%€7,766▲ 87.2%€5,414▼ 30.3%€6,577▲ 21.5%
Equity€27,561▲ 13.7%€31,710▲ 15.1%€39,475▲ 24.5%€44,889▲ 13.7%€51,466▲ 14.7%
Total assets€41,427▲ 2.2%€38,366▼ 7.4%€44,186▲ 15.2%€51,596▲ 16.8%€61,408▲ 19.0%
Debt€13,866▼ 14.9%€6,656▼ 52.0%€4,710▼ 29.2%€6,706▲ 42.4%€9,942▲ 48.3%
Working capital-€7,406▲ 31.0%-€3,257▲ 56.0%€4,508€9,229▲ 105%€15,644▲ 69.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000Operating result 2020: €4,201€4,201Net result 2020: €3,327€3,327Operating result 2021: €5,695€5,695Net result 2021: €4,149€4,149Operating result 2022: €10,224€10,224Net result 2022: €7,766€7,766Operating result 2023: €6,965€6,965Net result 2023: €5,414€5,414Operating result 2024: €8,124€8,124Net result 2024: €6,577€6,57720202021202220232024€0€5,000€10,000Operating result 2022: €10,224€10,200Net result 2022: €7,766€7,770Operating result 2023: €6,965€6,970Net result 2023: €5,414€5,410Operating result 2024: €8,124€8,120Net result 2024: €6,577€6,580202220232024
The operating result recovers in 2024; 2024 is 17% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61,408
Fixed assets €35,823 ▲ 0.5%
Current assets €25,586 ▲ 60.6%
Equity and liabilities €61,408
Equity €51,466 ▲ 14.7%
Debt €9,942 ▲ 48.3%
Debt's share of the balance-sheet total rises from 13.0% to 16.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€8,622▲
2023 · €7,171
Cash flow
€7,074▲
2023 · €5,619
Current ratio
2.57▲
2023 · 2.38
Debt to equity
0.19▲
2023 · 0.15
ROE
12.8%▲
2023 · 12.1%
ROA
10.7%▲
2023 · 10.5%
Interest coverage
107.59▲
2023 · 72.99
Debt ≤ 1 year
€9,942▲
2023 · €6,706
Income taxes
€2,464▲
2023 · €1,971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.9% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€51,596€61,408▲
Fixed assets21/28€35,661€35,823▲
Tangible fixed assets22/27€35,661€35,823▲
Land and buildings22€34,967€34,967=
Furniture and vehicles24€694€856▲
Current assets29/58€15,935€25,586▲
Amounts receivable within one year40/41€12,037€22,222▲
Other amounts receivable41€12,037€22,222▲
Cash at bank and in hand54/58€3,898€3,364▼
Equity and liabilities
Total equity and liabilities10/49€51,596€61,408▲
Equity10/15€44,889€51,466▲
Contributions10/11€22,398€22,398=
Reserves13€22,491€29,068▲
Non-distributable reserves130/1€2,240€2,240=
Reserves not available under the articles1311€2,240€2,240=
Distributable reserves133€20,252€26,829▲
Amounts payable17/49€6,706€9,942▲
Amounts payable within one year42/48€6,706€9,942▲
Trade debts44€1,995€5,508▲
Suppliers440/4€1,995€5,508▲
Taxes, remuneration and social security45€4,711€4,434▼
Taxes450/3€4,711€4,434▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€205€497▲
Other operating charges640/8€7,480€7,789▲
Gross operating margin9900€14,651€16,411▲
Operating profit (loss)9901€6,965€8,124▲
Financial income75/76B€518€996▲
Recurring financial income75€518€996▲
Financial charges65/66B€98€80▼
Recurring financial charges65€98€80▼
Profit (loss) for the period before taxes9903€7,385€9,040▲
Income taxes67/77€1,971€2,464▲
Profit (loss) for the period9904€5,414€6,577▲
Profit (loss) for the period to be appropriated9905€5,414€6,577▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,414€6,577▲
Transfer to equity691/2€5,414€6,577▲
To other reserves6921€5,414€6,577▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€205€497▲ 142%
Other operating charges640/8-€6,771€6,854€7,480€7,789▲ 4.1%
Gross operating margin9900€10,822€12,467€17,078€14,651€16,411▲ 12.0%
Operating profit (loss)9901€4,201€5,695€10,224€6,965€8,124▲ 16.6%
Financial income75/76B--€319€518€996▲ 92.5%
Recurring financial income75--€319€518€996▲ 92.5%
Financial charges65/66B-€36€36€98€80▼ 18.4%
Recurring financial charges65€36€36€36€98€80▼ 18.4%
Profit (loss) for the period before taxes9903€4,165€5,659€10,506€7,385€9,040▲ 22.4%
Income taxes67/77€839€1,510€2,741€1,971€2,464▲ 25.0%
Profit (loss) for the period9904€3,327€4,149€7,766€5,414€6,577▲ 21.5%
Profit (loss) for the period to be appropriated9905€3,327€4,149€7,766€5,414€6,577▲ 21.5%
Line20202021202220232024Change
Assets
Total assets20/58€41,427€38,366€44,186€51,596€61,408▲ 19.0%
Fixed assets21/28€34,967€34,967€34,967€35,661€35,823▲ 0.5%
Tangible fixed assets22/27€34,967€34,967€34,967€35,661€35,823▲ 0.5%
Land and buildings22-€34,967€34,967€34,967€34,967=
Furniture and vehicles24---€694€856▲ 23.3%
Current assets29/58€6,460€3,399€9,219€15,935€25,586▲ 60.6%
Amounts receivable within one year40/41--€8,720€12,037€22,222▲ 84.6%
Other amounts receivable41--€8,720€12,037€22,222▲ 84.6%
Cash at bank and in hand54/58€6,460€3,399€499€3,898€3,364▼ 13.7%
Equity and liabilities
Total equity and liabilities10/49€41,427€38,366€44,186€51,596€61,408▲ 19.0%
Equity10/15€27,561€31,710€39,475€44,889€51,466▲ 14.7%
Contributions10/11-€22,398€22,398€22,398€22,398=
Reserves13€5,163€9,312€17,077€22,491€29,068▲ 29.2%
Non-distributable reserves130/1-€2,240€2,240€2,240€2,240=
Reserves not available under the articles1311-€2,240€2,240€2,240€2,240=
Distributable reserves133-€7,072€14,838€20,252€26,829▲ 32.5%
Profit (loss) carried forward14€0-----
Amounts payable17/49€13,866€6,656€4,710€6,706€9,942▲ 48.3%
Amounts payable within one year42/48€13,866€6,656€4,710€6,706€9,942▲ 48.3%
Trade debts44€629€1,059€460€1,995€5,508▲ 176%
Suppliers440/4-€1,059€460€1,995€5,508▲ 176%
Taxes, remuneration and social security45-€2,349€4,251€4,711€4,434▼ 5.9%
Taxes450/3-€2,349€4,251€4,711€4,434▼ 5.9%
Other amounts payable47/48-€3,248€0---
Line20202021202220232024Change
Profit (loss) for the period9904€3,327€4,149€7,766€5,414€6,577▲ 21.5%
+ Depreciation and write-downs630---€205€497▲ 142%
Operating cash flow (approximation)€3,327€4,149€7,766€5,619€7,074▲ 25.9%
Investment in fixed assets (approximation)-€0€0-€899-€659▲ 26.7%
Change in cash--€3,061-€2,900€3,399-€534▼ 116%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2018net €7,766 ▲87.2%
Operating result €10,224, net result €7,766, both a record.
31-12
Financial Liquidity quadruplescurrent ratio 1.96
Current ratio from 0.51 to 1.96; short-term debt falls from €6,656 to €4,710.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
25-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial Weakest financial yearnet €2,413 ▼44.4%
Net result drops to €2,413, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Wevelgem · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
228 m²
Building footprint
87 m²
Volume, LiDAR
478 m³
Parcel 34302B0245/00R000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
IMMO THILO
Moerstraat 75, 8560 WevelgemAgents in non-specialised wholesale trade
since 20122.206.859.074
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34302B0245/00R000 Flanders 228 m² 1 · 87 m² 8.3 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded27-12-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.