Proxy Marcel Thiry & Go
Open bankruptcyA bankruptcy procedure is open for Proxy Marcel Thiry & Go according to publications in the Belgian State Gazette; curator: FRANCOIS LE GENTIL DE ROSMORDUC.
Summary
The 2024 annual accounts show negative equity (€-102k) and a net result of €-3k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-102k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
54 d late
2022
35 d early
2021
26 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 90.0%
2023 · €-28k
2018: €-53k
2019: €-94k▼ -76.3% vs 2018lowest in 7 years
2020: €-4k▲ +95.7% vs 2019
2021: €32k▲ +898% vs 2020highest in 7 years
2022: €-61k▼ -292% vs 2021
2023: €-28k▲ +54.4% vs 2022
2024: €-3k▲ +90.0% vs 2023
2018 → 2024
Working capital
€-262k▼ 25.6%
2023 · €-208k
2018: €-60khighest in 7 years
2019: €-96k▼ -59.4% vs 2018
2020: €-74k▲ +23.2% vs 2019
2021: €-64k▲ +13.4% vs 2020
2022: €-140k▼ -120% vs 2021
2023: €-208k▼ -48.4% vs 2022
2024: €-262k▼ -25.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€28k▲ 242%€-46k€-87k▼ 87.4%€-102k▼ 17.5%
2020: €8k
2021: €28k▲ +242% vs 2020highest in 5 years
2022: €-46k▼ -267% vs 2021
2023: €-87k▼ -87.4% vs 2022
2024: €-102k▼ -17.5% vs 2023lowest in 5 years
Operating result€-8k-€29k€-53k€-19k▲ 64.1%€3k
2020: €-8k
2021: €29k▲ +489% vs 2020highest in 5 years
2022: €-53k▼ -282% vs 2021lowest in 5 years
2023: €-19k▲ +64.1% vs 2022
2024: €3k▲ +115% vs 2023
Net result€-4k-€32k€-61k€-28k▲ 54.4%€-3k▲ 90.0%
2020: €-4k
2021: €32k▲ +898% vs 2020highest in 5 years
2022: €-61k▼ -292% vs 2021lowest in 5 years
2023: €-28k▲ +54.4% vs 2022
2024: €-3k▲ +90.0% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€160k ▼ 14.5%
Current assets
€165k ▼ 15.3%
Key figures and ratios
EBITDA
€42k▼
2023 · €43k
Cash flow
€36k▲
2023 · €34k
Solvency
-31.3%▼
2023 · -22.7%
Current ratio
0.39▼
2023 · 0.48
Quick ratio
0.20▼
2023 · 0.25
Debt to equity
-4.20▲
2023 · -5.41
ROA
-0.9%▲
2023 · -7.3%
Interest coverage
2.31▲
2023 · 2.00
Debt
€427k▼
2023 · €469k
Debt ≤ 1 year
€427k▲
2023 · €403k
Staff costs
€237k▼
2023 · €238k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€382k€325k▼
Fixed assets21/28€187k€160k▼
Intangible fixed assets21€3k€4k▲
Tangible fixed assets22/27€183k€154k▼
Plant, machinery and equipment23€92k€81k▼
Furniture and vehicles24€56-
Other tangible fixed assets26€91k€73k▼
Financial fixed assets28€2k€2k=
Current assets29/58€195k€165k▼
Stocks and contracts in progress3€94k€79k▼
Stocks30/36€94k€79k▼
Amounts receivable within one year40/41€52k€45k▼
Other amounts receivable41€52k€45k▼
Cash at bank and in hand54/58€46k€33k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€382k€325k▼
Equity10/15€-87k€-102k▼
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-209k€-211k▼
Investment grants15€62k€50k▼
Amounts payable17/49€469k€427k▼
Amounts payable after more than one year17€65k-
Financial debts170/4€65k-
Amounts payable within one year42/48€403k€427k▲
Current portion of amounts payable after more than one year42€71k€65k▼
Financial debts43€54k€50k▼
Credit institutions430/8€54k€50k▼
Trade debts44€248k€204k▼
Suppliers440/4€248k€204k▼
Taxes, remuneration and social security45€28k€43k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€26k€34k▲
Other amounts payable47/48€2k€63k▲
Income statement
Code20232024
Remuneration, social security and pensions62€238k€237k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€39k▼
Other operating charges640/8€446€475▲
Gross operating margin9900€281k€279k▼
Operating profit (loss)9901€-19k€3k▲
Financial income75/76B€12k€12k=
Recurring financial income75€12k€12k=
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€18k▼
Profit (loss) for the period before taxes9903€-28k€-3k▲
Profit (loss) for the period9904€-28k€-3k▲
Profit (loss) for the period to be appropriated9905€-28k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-209k€-211k▼
Profit (loss) brought forward from the previous period14P€-181k€-209k▼
Social balance
Average headcount (FTE)90878.89.2▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €239k | €247k | €238k | €237k | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €64k | €64k | €62k | €39k | ▼ 37.2% |
| Other operating charges640/8 | - | €2k | €348 | €446 | €475 | ▲ 6.5% |
| Gross operating margin9900 | €288k | €333k | €259k | €281k | €279k | ▼ 0.7% |
| Operating profit (loss)9901 | €-8k | €29k | €-53k | €-19k | €3k | ▲ 115% |
| Financial income75/76B | - | €19k | €12k | €12k | €12k | = |
| Recurring financial income75 | €12k | €19k | €12k | €12k | €12k | = |
| Financial charges65/66B | - | €17k | €21k | €21k | €18k | ▼ 15.7% |
| Recurring financial charges65 | €9k | €17k | €21k | €21k | €18k | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €-4k | €32k | €-61k | €-28k | €-3k | ▲ 90.0% |
| Profit (loss) for the period9904 | €-4k | €32k | €-61k | €-28k | €-3k | ▲ 90.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €32k | €-61k | €-28k | €-3k | ▲ 90.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587k | €568k | €454k | €382k | €325k | ▼ 14.9% |
| Fixed assets21/28 | €357k | €297k | €235k | €187k | €160k | ▼ 14.5% |
| Intangible fixed assets21 | - | - | - | €3k | €4k | ▲ 52.4% |
| Tangible fixed assets22/27 | €355k | €296k | €233k | €183k | €154k | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €120k | €102k | €92k | €81k | ▼ 11.1% |
| Furniture and vehicles24 | - | €54k | €25k | €56 | - | - |
| Other tangible fixed assets26 | - | €122k | €106k | €91k | €73k | ▼ 20.1% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €230k | €271k | €219k | €195k | €165k | ▼ 15.3% |
| Stocks and contracts in progress3 | €99k | €99k | €106k | €94k | €79k | ▼ 15.8% |
| Stocks30/36 | - | €99k | €106k | €94k | €79k | ▼ 15.8% |
| Amounts receivable within one year40/41 | €34k | €54k | €61k | €52k | €45k | ▼ 14.5% |
| Trade receivables40 | - | - | €8k | - | - | - |
| Other amounts receivable41 | - | €54k | €53k | €52k | €45k | ▼ 14.5% |
| Cash at bank and in hand54/58 | €96k | €115k | €35k | €46k | €33k | ▼ 29.3% |
| Deferred charges and accrued income490/1 | - | €2k | €17k | €2k | €8k | ▲ 317% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587k | €568k | €454k | €382k | €325k | ▼ 14.9% |
| Equity10/15 | €8k | €28k | €-46k | €-87k | €-102k | ▼ 17.5% |
| Contributions10/11 | - | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-151k | €-119k | €-181k | €-209k | €-211k | ▼ 1.3% |
| Investment grants15 | - | €87k | €74k | €62k | €50k | ▼ 20.0% |
| Amounts payable17/49 | €579k | €540k | €500k | €469k | €427k | ▼ 8.9% |
| Amounts payable after more than one year17 | €275k | €206k | €136k | €65k | - | - |
| Financial debts170/4 | - | €206k | €136k | €65k | - | - |
| Amounts payable within one year42/48 | €304k | €334k | €359k | €403k | €427k | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €69k | €70k | €71k | €65k | ▼ 7.6% |
| Financial debts43 | - | €4k | €16k | €54k | €50k | ▼ 6.3% |
| Credit institutions430/8 | - | €4k | €16k | €54k | €50k | ▼ 6.3% |
| Trade debts44 | €204k | €240k | €242k | €248k | €204k | ▼ 17.6% |
| Suppliers440/4 | - | €240k | €242k | €248k | €204k | ▼ 17.6% |
| Taxes, remuneration and social security45 | - | €20k | €31k | €28k | €43k | ▲ 53.1% |
| Taxes450/3 | - | €60 | €59 | €2k | €9k | ▲ 408% |
| Remuneration and social security454/9 | - | €20k | €31k | €26k | €34k | ▲ 28.5% |
| Other amounts payable47/48 | - | €436 | €436 | €2k | €63k | ▲ 2,471% |
| Accrued charges and deferred income492/3 | - | - | €5k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €32k | €-61k | €-28k | €-3k | ▲ 90.0% |
| + Depreciation and write-downs630 | €63k | €64k | €64k | €62k | €39k | ▼ 37.2% |
| Operating cash flow (approximation) | €59k | €96k | €2k | €34k | €36k | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-2k | €-14k | €-12k | ▲ 16.6% |
| Change in cash | - | €19k | €-80k | €12k | €-14k | ▼ 217% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
29-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 22-06-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €-94k
Net result drops to €-94k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2018
Ground area
3,390 m²
Building footprint
338 m²
Volume, LiDAR
5,768 m³
Parcel 21018A0008/00B002, Brussels · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Marcel Thirylaan 194, 1200 Sint-Lambrechts-Woluwe
since 20182.275.450.546
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0008/00B002 | Brussels | 3,390 m² | 1 · 338 m² | 25.1 m · 7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 IXELLES |
22-06-2026 → present |
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,371 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.