Paul Thiry & Co
ActivePaul Thiry & Co has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-20k) and a net result of €-78k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-59
Solvency0▼-74
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 24.02 against 92.18 in 2024; short-term debt: 4.2% and cash: 98.6% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-71.8%
Return on assets
-276.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d late
2023
27 d late
2022
70 d late
2021
31 d late
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-20k
2024 · €58k
2018: €20k
2019: €22k
2020: €46k
2021: €46k
2022: €78k
2023: €67k
2024: €58k
2018 → 2025
Total assets
€28k▼ 75.9%
2024 · €117k
2018: €258k
2019: €196k
2020: €205k
2021: €173k
2022: €178k
2023: €154k
2024: €117k
2018 → 2025
Net result
€-78k▼ 773%
2024 · €-9k
2018: €-3k
2019: €2k
2020: €24k
2021: €6k
2022: €32k
2023: €-12k
2024: €-9k
2018 → 2025
Working capital
€27k▼ 34.6%
2024 · €41k
2018: €-101k
2019: €-97k
2020: €-73k
2021: €-46k
2022: €7k
2023: €-20k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€78k▲ 68.9%€67k▼ 14.3%€58k▼ 13.4%€-20k
Operating result€-31k-€-19k▲ 39.4%€-18k▲ 6.1%€-46k▼ 160%€-7k▲ 85.7%
Net result€6k-€32k▲ 447%€-12k€-9k▲ 23.1%€-78k▼ 773%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €46k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-7k▼
2024 · €25k
Cash flow
€-78k▼
2024 · €62k
Solvency
-71.8%▼
2024 · 49.4%
Current ratio
24.02▼
2024 · 92.18
Quick ratio
24.02▼
2024 · 92.18
Debt / equity
-2.39▼
2024 · 1.03
ROA
-276.2%▼
2024 · -7.6%
Interest coverage
-85.11▼
2024 · 10.81
Debt
€48k▼
2024 · €59k
Debt ≤ 1 year
€1k▲
2024 · €453
Debt > 1 year
€47k▼
2024 · €56k
Income taxes
€-1k▼
2024 · €-1k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€117k€28k▼
Fixed assets21/28€75k€0▼
Tangible fixed assets22/27€0-
Land and buildings22€0-
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Financial fixed assets28€75k€0▼
Current assets29/58€42k€28k▼
Amounts receivable within one year40/41€4k€392▼
Trade receivables40€2k€0▼
Other amounts receivable41€2k€392▼
Current investments50/53€19€0▼
Cash at bank and in hand54/58€38k€28k▼
Equity and liabilities
Total equity and liabilities10/49€117k€28k▼
Equity10/15€58k€-20k▼
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-9k€-87k▼
Amounts payable17/49€59k€48k▼
Amounts payable after more than one year17€56k€47k▼
Financial debts170/4€56k€47k▼
Amounts payable within one year42/48€453€1k▲
Trade debts44€286€1k▲
Suppliers440/4€286€1k▲
Taxes, remuneration and social security45€167€0▼
Taxes450/3€167€0▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€0▼
Other operating charges640/8€659€644▼
Gross operating margin9900€26k€-6k▼
Operating profit (loss)9901€-46k€-7k▲
Financial income75/76B€38k€2k▼
Recurring financial income75€38k€2k▼
Financial charges65/66B€2k€75k▲
Recurring financial charges65€2k€77▼
Non-recurring financial charges66B-€75k
Profit (loss) for the period before taxes9903€-10k€-79k▼
Income taxes67/77€-1k€-1k▼
Profit (loss) for the period9904€-9k€-78k▼
Profit (loss) for the period to be appropriated9905€-9k€-78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-87k▼
Profit (loss) brought forward from the previous period14P-€-9k
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
24-03
State Gazette act
Registered officeBoard meeting · Registered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Power of attorney3 facts ▸
- Board meeting, 03/03/2026
- Registered-office move, Spechtstraat 10, 9940 Evergem
- Power of attorney, BV Fiduciaire Dieber & Partners
2025
31-12
Financial
Weakest financial yearnet €-78k
Net result drops to €-78k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity times 308current ratio 92.18
Current ratio from 0.30 to 92.18; short-term debt falls from €29k to €453.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €32k ▲447%
Net result €32k, the highest in the series.
31-12
Financial
Liquidity times 16current ratio 1.63
Current ratio from 0.10 to 1.63; short-term debt falls from €51k to €12k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-07-2015
Resigned as Manager
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2005
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.
Spechtstraat 109940 EvergemGround area
1,479 m²
Building footprint
143 m²
Volume, LiDAR
668 m³
Parcel 43006C0837/00N000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paul Thiry & Co
since 20052.158.141.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006C0837/00N000 | Flanders | 1,479 m² | 1 · 143 m² | 8.0 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.
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Of 2,348 companies in sector 47621 we hold annual accounts for 1,246. 1,106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-2004
Fiscal year end31-12
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.