R. THYS
ActiveR. THYS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €77k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▲+25
Solvency59▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.8 in 2023; short-term debt: 64% of total assets), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
28 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
109 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€77k▲ 819%
2023 · €8k
2018: €43k
2019: €22k
2020: €77k
2021: €84k
2022: €37k
2023: €8k
2018 → 2024
Working capital
€-90k▲ 30.9%
2023 · €-130k
2018: €-122k
2019: €-109k
2020: €-88k
2021: €-84k
2022: €-145k
2023: €-130k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€247k-€300k▲ 21.6%€307k▲ 2.4%€316k▲ 2.7%€350k▲ 10.9%
Operating result€130k-€132k▲ 1.7%€71k▼ 46.2%€33k▼ 53.5%€116k▲ 252%
Net result€77k-€84k▲ 9.7%€37k▼ 55.9%€8k▼ 77.4%€77k▲ 819%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 252% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€465k▼ 7.6%
Current assets
€576k▲ 10.2%
Equity and liabilities €1.04M
Equity
€350k▲ 10.9%
Debt
€691k▼ 2.7%
The debt ratio falls from 69.2% to 66.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▲
2023 · €87k
Cash flow
€126k▲
2023 · €62k
Solvency
33.6%▲
2023 · 30.8%
Current ratio
0.86▲
2023 · 0.80
Quick ratio
0.74▲
2023 · 0.52
Debt / equity
1.97▼
2023 · 2.25
ROE
22.1%▲
2023 · 2.7%
ROA
7.4%▲
2023 · 0.8%
Interest coverage
3.46▲
2023 · 1.45
Debt
€691k▼
2023 · €710k
Debt ≤ 1 year
€666k▲
2023 · €653k
Debt > 1 year
€25k▼
2023 · €57k
Income taxes
€36k▲
2023 · €16k
Staff costs
€616k▼
2023 · €690k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.03M€1.04M▲
Fixed assets21/28€503k€465k▼
Tangible fixed assets22/27€502k€465k▼
Land and buildings22€377k€356k▼
Plant, machinery and equipment23€113k€103k▼
Furniture and vehicles24€12k€6k▼
Financial fixed assets28€2k-
Current assets29/58€523k€576k▲
Stocks and contracts in progress3€182k€85k▼
Stocks30/36€182k€85k▼
Amounts receivable within one year40/41€341k€490k▲
Trade receivables40€231k€295k▲
Other amounts receivable41€110k€195k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.04M▲
Equity10/15€316k€350k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€128k€163k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€120k€154k▲
Profit (loss) carried forward14€125k€125k=
Amounts payable17/49€710k€691k▼
Amounts payable after more than one year17€57k€25k▼
Financial debts170/4€57k€25k▼
Amounts payable within one year42/48€653k€666k▲
Current portion of amounts payable after more than one year42€42k€35k▼
Financial debts43€361k€211k▼
Credit institutions430/8€361k€211k▼
Trade debts44€130k€219k▲
Suppliers440/4€130k€219k▲
Taxes, remuneration and social security45€120k€170k▲
Taxes450/3€27k€72k▲
Remuneration and social security454/9€93k€98k▲
Other amounts payable47/48-€30k
Income statement
Code20232024
Remuneration, social security and pensions62€690k€616k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€48k▼
Other operating charges640/8€20k€20k▲
Non-recurring operating charges66A€1k€85▼
Gross operating margin9900€797k€801k▲
Operating profit (loss)9901€33k€116k▲
Financial income75/76B€52k€44k▼
Recurring financial income75€52k€44k▼
Financial charges65/66B€60k€47k▼
Recurring financial charges65€60k€47k▼
Profit (loss) for the period before taxes9903€25k€113k▲
Income taxes67/77€16k€36k▲
Profit (loss) for the period9904€8k€77k▲
Profit (loss) for the period to be appropriated9905€8k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€203k▲
Profit (loss) brought forward from the previous period14P€117k€125k▲
Transfer to equity691/2-€34k
To the legal reserve6920-€34k
Profit to be distributed694/7-€43k
Return on contributions (dividend)694-€43k
Social balance
Average headcount (FTE)908710.19.4▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-07
State Gazette act
RestructuringGeneral meeting · Demerger · Accounting effect6 facts ▸
State Gazette act
Restructuring
General meeting · Demerger · Accounting effect6 facts ▸
- General meeting, 16 juillet 2026
- Demerger, 16 juillet 2026
- Accounting effect, 31 décembre 2025
- Power of attorney, THIJS Richard
- Power of attorney, TILMAN Bernadette
- Share issue, 2500 actions entièrement libérées attribuées aux actionnaires de la société à scinder à raison de 1 action THYS pour 1 action R.THYS, sans soulte
29-07
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Capital4 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Capital4 facts ▸
- General meeting, 16/07/2026
- Capital increase, €48.360,02
- Capital, €61.500
- Statutes amendment
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €8k ▼77.4%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €84k ▲9.7%
Operating result €132k, net result €84k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1979
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.
Avenue Georges-Truffaut 444020 LiègeGround area
3,237 m²
Parcel 62809B0177/00A006, Wallonia. Linked by address, not a title deed.
1 establishment unit
CENTRE THYS KARCHER
since 19792.016.133.419
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62809B0177/00A006 | Wallonia | 3,237 m² | - | - |
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.
Structure & network
Acquisitions and mergers
2 transactionsContributed a business line to:THYS
Contributed a business line to:THYS
Capital and shareholders
Capital increase of 48,360.02 EUR
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SANY BELGIUM FINANCIAL CORPORATION
BE 0896.332.854
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VANCK
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Of 828 companies in sector 46620 we hold annual accounts for 642. 517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-01-1979
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47789Other retail sale of new goods
50103
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.