Modelmakerij Thijs
ActiveSummary
Modelmakerij Thijs has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,867 and a net result of -€50,920. Equity remains stable across the filed financial years (±1% per year). Its solvency ranks better than 95% of 78 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- ≈ 0.2 FTE, estimated
- Equity
- €180,867
- Loss
- -€50,920
Why 89raises riskLoss of €50,920, the second in a row (financial year 2025)Sector: Manufacture of basic metals (NACE 24)lowers riskLiquidity: current ratio 14.99, cash €55,197Founded in 1968Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 24, micro): better than 89% on solvency, 86% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 24) for financial year 2024 is 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€50,920
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result is -€51,602 in 2025, compared with €124 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 24, Manufacture of basic metals: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.6% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,831 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €48,418 | €48,076 | €43,625 | €7,337 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,005 | €18,219 | €17,901 | €17,119 | €11,072 | €18,847 | €15,553 | - |
| Other operating charges640/8 | - | - | - | €2,286 | €5,454 | €2,665 | €2,549 | - |
| Gross operating margin9900 | €168,016 | €177,970 | €44,729 | €58,736 | €64,960 | €65,261 | -€26,163 | - |
| Operating profit (loss)9901 | €39,250 | €52,050 | -€35,303 | -€9,086 | €358 | €124 | -€51,602 | - |
| Financial income75/76B | - | - | - | €6,913 | - | €5 | €1,519 | - |
| Recurring financial income75 | €10 | €0 | €0 | €16 | - | €5 | €1,519 | - |
| Non-recurring financial income76B | - | - | - | €6,898 | - | - | - | - |
| Financial charges65/66B | - | - | - | €705 | €824 | €385 | €836 | - |
| Recurring financial charges65 | €470 | €489 | €668 | €323 | €824 | €385 | €836 | - |
| Non-recurring financial charges66B | - | - | - | €382 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €40,290 | €51,561 | -€27,090 | -€2,879 | -€466 | -€256 | -€50,920 | - |
| Income taxes67/77 | €8,299 | €10,485 | - | €253 | - | - | - | - |
| Profit (loss) for the period9904 | €31,991 | €41,076 | -€27,090 | -€3,131 | -€466 | -€256 | -€50,920 | - |
| Profit (loss) for the period to be appropriated9905 | €31,991 | €41,076 | -€27,090 | -€3,131 | -€466 | -€256 | -€50,920 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €356,587 | €389,802 | €327,309 | €318,894 | €340,522 | €320,587 | €191,648 | - |
| Fixed assets21/28 | €78,477 | €64,719 | €46,818 | €31,699 | €78,679 | €62,087 | €30,090 | - |
| Tangible fixed assets22/27 | €78,477 | €64,719 | €46,818 | €31,699 | €78,679 | €62,087 | €30,090 | - |
| Land and buildings22 | - | - | - | €9,839 | €5,599 | €1,456 | €728 | - |
| Plant, machinery and equipment23 | - | - | - | €20,193 | €15,962 | €21,286 | €12,295 | - |
| Furniture and vehicles24 | - | - | - | €1,667 | €57,118 | €39,344 | €17,067 | - |
| Current assets29/58 | €278,111 | €325,083 | €280,491 | €287,195 | €261,843 | €258,501 | €161,558 | - |
| Stocks and contracts in progress3 | €23,486 | €40,686 | €41,978 | €59,302 | €70,985 | €65,365 | €33,348 | - |
| Stocks30/36 | - | - | - | €38,552 | €44,985 | €39,365 | €33,348 | - |
| Contracts in progress37 | - | - | - | €20,750 | €26,000 | €26,000 | - | - |
| Amounts receivable within one year40/41 | €129,082 | €136,886 | €29,798 | €41,722 | €67,301 | €98,079 | €70,513 | - |
| Trade receivables40 | - | - | - | €41,722 | €66,558 | €90,241 | €69,556 | - |
| Other amounts receivable41 | - | - | - | - | €743 | €7,838 | €956 | - |
| Current investments50/53 | - | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | - |
| Cash at bank and in hand54/58 | €125,543 | €125,012 | €206,214 | €183,671 | €118,026 | €90,896 | €55,197 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,031 | €1,661 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €356,587 | €389,802 | €327,309 | €318,894 | €340,522 | €320,587 | €191,648 | - |
| Equity10/15 | €287,532 | €328,608 | €301,518 | €298,386 | €297,919 | €297,664 | €180,867 | - |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | - |
| Capital10 | - | - | - | €20,000 | - | - | - | - |
| Issued capital100 | - | - | - | €20,000 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €20,000 | €20,000 | - |
| Share premium1100/10 | - | - | - | - | - | €20,000 | - | - |
| Other1109/19 | - | - | - | - | - | - | €20,000 | - |
| Reserves13 | €267,532 | €308,608 | €308,608 | €308,608 | €308,608 | €308,608 | €308,608 | - |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | - |
| Legal reserve130 | - | - | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2,000 | €2,000 | €2,000 | - |
| Tax-exempt reserves132 | - | - | - | €11,705 | €11,705 | €11,705 | €11,705 | - |
| Distributable reserves133 | - | - | - | €294,903 | €294,903 | €294,903 | €294,903 | - |
| Profit (loss) carried forward14 | - | - | -€27,090 | -€30,222 | -€30,689 | -€30,944 | -€147,740 | - |
| Amounts payable17/49 | €69,055 | €61,194 | €25,791 | €20,507 | €42,603 | €22,924 | €10,780 | - |
| Amounts payable within one year42/48 | €69,055 | €61,194 | €25,791 | €20,507 | €42,603 | €22,924 | €10,780 | - |
| Trade debts44 | €54,559 | €50,717 | €14,561 | €13,108 | €35,288 | €21,686 | €10,729 | - |
| Suppliers440/4 | - | - | - | €13,108 | €35,288 | €21,686 | €10,729 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,570 | €7,315 | - | €51 | - |
| Taxes450/3 | - | - | - | €1,382 | €3,596 | - | €9 | - |
| Remuneration and social security454/9 | - | - | - | €3,187 | €3,719 | - | €42 | - |
| Other amounts payable47/48 | - | - | - | €2,830 | - | €1,238 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,991 | €41,076 | -€27,090 | -€3,131 | -€466 | -€256 | -€50,920 | - |
| + Depreciation and write-downs630 | €18,005 | €18,219 | €17,901 | €17,119 | €11,072 | €18,847 | €15,553 | - |
| Operating cash flow (approximation) | €49,996 | €59,295 | -€9,189 | €13,987 | €10,606 | €18,591 | -€35,366 | - |
| Investment in fixed assets (approximation) | - | -€4,461 | €0 | -€2,000 | -€58,052 | -€2,254 | - | - |
| Change in cash | - | -€531 | €81,202 | -€22,544 | -€65,645 | -€27,130 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00275432 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00294329 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00316023 |
| 31-12-2022 | micro format | 29-07-2023 | 2023-00290254 |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20231032 |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16400543 |
| 31-12-2019 | micro format | 04-06-2020 | 2020-14100402 |
| 31-12-2018 | micro format | 05-06-2019 | 2019-15800252 |
| 31-12-2017 | micro format | 06-06-2018 | 2018-15800518 |
| 31-12-2016 | micro format | 07-06-2017 | 2017-14500402 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| THYS Bart Vera Wilfried |
|
Owners and capital
Capital and shareholders
- 23-11-2023 Capital stated in the deed · 200 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Reappointment: THYS Bart Vera Wilfried (statutory director)Amendment of the articles · Capital · Power of attorney10 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV, artikel 39,§1,eerste en derde lid,wet van 2019-03-23 tot invoering van het Wetboek van vennootschappen en verenigingen en houdende…” (deed in Dutch)
- Other provision, “behoud rechtsvorm en eigenvermogensrekeningen en zeteladres buiten statuten, besloten vennootschap(BV)” (deed in Dutch)
- Other provision, “terminologische aanpassingen aan WVV” (deed in Dutch)
- Director reappointment, THYS Bart Vera Wilfried (statutory director)
- Amendment of the articles
- Capital
- Board composition, THYS Bart Vera Wilfried (statutory director)
- Power of attorney, Katrien Honinckx
- Power of attorney
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12009A0385/00F000 | Flanders | 1,528 m² | 1 · 165 m² | 6.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het vervaardigen,verkopen,verhandelen van alle soorten,modellen voor gieterijen in metaal en in hout,verder alles soorten…” (deed in Dutch)
2 activities (deed in Dutch)
- Het vervaardigen,verkopen,verhandelen van alle soorten,modellen voor gieterijen in metaal en in hout,verder alles soorten houtbewerkingen,dit alles in de ruimste zin genomen.
- De vennootschap mag ter verwezenlijking van haar doel alle roerende en onroerende goederen kopen en verkopen,huren en verhuren,brevetten nemen,verhuren en exploiteren,en in het algemeen alle daden stellen die van burgerlijke,commerciële,industriële of financiële aard zijn en die rechtstreeks of onrechtstreeks verband houden met het voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Modelmakerij Thijs
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Meerdere aandeelhouders, aangetekende brief aan medevennoten” (deed in Dutch)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, per e-mail,of per gewone post indien geen e-mailadres,op dezelfde dag als e-mail” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing van algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen…” (deed in Dutch)