RAF THIENPONT
ActiveSummary
For the legal form of RAF THIENPONT, Checked does not compute a bankruptcy probability. The annual accounts of RAF THIENPONT for fiscal year 2024 show a net loss of 81% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-24k. Its solvency ranks better than 14% of 8966 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-2
Solvency26▼-6
Growth32
Track record100
Credit verdict
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.44 against 5.03 in 2023; short-term debt: 18.5% and cash: 18.1% of total assets), but 98.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year €-24k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 2 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 27-03-2025, 34 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
34 d early
2023
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 81.2%
2023 · €29k
2023: €29k
2024: €5k▼ -81.2% vs 2023
2023 → 2024
Total assets
€424k▼ 3.4%
2023 · €439k
2023: €439k
2024: €424k▼ -3.4% vs 2023
2023 → 2024
Net result
€-24k▼ 12.3%
2023 · €-21k
2023: €-21k
2024: €-24k▼ -12.3% vs 2023
2023 → 2024
Working capital
€270k▼ 0.8%
2023 · €272k
2023: €272k
2024: €270k▼ -0.8% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€29k-€5k▼ 81.2%
2023: €29k
2024: €5k▼ -81.2% vs 2023
Operating result€-4k-€-6k▼ 48.9%
2023: €-4k
2024: €-6k▼ -48.9% vs 2023
Net result€-21k-€-24k▼ 12.3%
2023: €-21k
2024: €-24k▼ -12.3% vs 2023
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 €6k in 2024 against €4k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424k
Fixed assets
€76k ▼ 24.0%
Current assets
€348k ▲ 2.6%
Equity and liabilities €424k
Equity
€5k ▼ 81.2%
Debt
€419k ▲ 2.1%
Debt's share of the balance-sheet total rises from 93.3% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18k▼
2023 · €20k
Cash flow
€219▼
2023 · €3k
Current ratio
4.44▼
2023 · 5.03
Debt to equity
76.35▲
2023 · 14.04
ROE
-432.5%▼
2023 · -72.3%
ROA
-5.6%▼
2023 · -4.8%
Interest coverage
0.86▼
2023 · 1.02
Debt ≤ 1 year
€78k▲
2023 · €67k
Debt > 1 year
€339k=
2023 · €339k
Income taxes
€159▲
2023 · €150
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€439k€424k▼
Fixed assets21/28€100k€76k▼
Tangible fixed assets22/27€100k€76k▼
Land and buildings22€94k€73k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€339k€348k▲
Amounts receivable after more than one year29€200k€200k=
Other amounts receivable291€200k€200k=
Amounts receivable within one year40/41€19k€10k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€6k€134▼
Current investments50/53€55k€49k▼
Cash at bank and in hand54/58€57k€77k▲
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€439k€424k▼
Equity10/15€29k€5k▼
Contributions10/11€12k€12k=
Reserves13€92k€92k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€55€55=
Distributable reserves133€90k€92k▲
Profit (loss) carried forward14€-75k€-99k▼
Amounts payable17/49€410k€419k▲
Amounts payable after more than one year17€339k€339k=
Financial debts170/4€339k€339k=
Amounts payable within one year42/48€67k€78k▲
Financial debts43-€14
Credit institutions430/8-€14
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€289€2k▲
Taxes450/3€289€2k▲
Other amounts payable47/48€64k€76k▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-3k
Other operating charges640/8€6k€9k▲
Gross operating margin9900€26k€23k▼
Operating profit (loss)9901€-4k€-6k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€20k€20k▲
Recurring financial charges65€20k€20k▲
Profit (loss) for the period before taxes9903€-21k€-24k▼
Income taxes67/77€150€159▲
Profit (loss) for the period9904€-21k€-24k▼
Profit (loss) for the period to be appropriated9905€-21k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-99k▼
Profit (loss) brought forward from the previous period14P€-54k€-75k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-3k | - |
| Other operating charges640/8 | €6k | €9k | ▲ 60.6% |
| Gross operating margin9900 | €26k | €23k | ▼ 10.2% |
| Operating profit (loss)9901 | €-4k | €-6k | ▼ 48.9% |
| Financial income75/76B | €3k | €3k | ▲ 2.7% |
| Recurring financial income75 | €3k | €3k | ▲ 2.7% |
| Financial charges65/66B | €20k | €20k | ▲ 3.1% |
| Recurring financial charges65 | €20k | €20k | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €-21k | €-24k | ▼ 12.4% |
| Income taxes67/77 | €150 | €159 | ▲ 5.4% |
| Profit (loss) for the period9904 | €-21k | €-24k | ▼ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-24k | ▼ 12.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €439k | €424k | ▼ 3.4% |
| Fixed assets21/28 | €100k | €76k | ▼ 24.0% |
| Tangible fixed assets22/27 | €100k | €76k | ▼ 24.0% |
| Land and buildings22 | €94k | €73k | ▼ 22.4% |
| Furniture and vehicles24 | €6k | €3k | ▼ 50.5% |
| Current assets29/58 | €339k | €348k | ▲ 2.6% |
| Amounts receivable after more than one year29 | €200k | €200k | = |
| Other amounts receivable291 | €200k | €200k | = |
| Amounts receivable within one year40/41 | €19k | €10k | ▼ 47.4% |
| Trade receivables40 | €13k | €10k | ▼ 26.3% |
| Other amounts receivable41 | €6k | €134 | ▼ 97.6% |
| Current investments50/53 | €55k | €49k | ▼ 10.7% |
| Cash at bank and in hand54/58 | €57k | €77k | ▲ 35.5% |
| Deferred charges and accrued income490/1 | €9k | €12k | ▲ 40.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €439k | €424k | ▼ 3.4% |
| Equity10/15 | €29k | €5k | ▼ 81.2% |
| Contributions10/11 | €12k | €12k | = |
| Reserves13 | €92k | €92k | = |
| Non-distributable reserves130/1 | €2k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €2k | €0 | ▼ 100% |
| Tax-exempt reserves132 | €55 | €55 | = |
| Distributable reserves133 | €90k | €92k | ▲ 2.1% |
| Profit (loss) carried forward14 | €-75k | €-99k | ▼ 31.7% |
| Amounts payable17/49 | €410k | €419k | ▲ 2.1% |
| Amounts payable after more than one year17 | €339k | €339k | = |
| Financial debts170/4 | €339k | €339k | = |
| Amounts payable within one year42/48 | €67k | €78k | ▲ 16.4% |
| Financial debts43 | - | €14 | - |
| Credit institutions430/8 | - | €14 | - |
| Trade debts44 | €4k | €1k | ▼ 65.5% |
| Suppliers440/4 | €4k | €1k | ▼ 65.5% |
| Taxes, remuneration and social security45 | €289 | €2k | ▲ 451% |
| Taxes450/3 | €289 | €2k | ▲ 451% |
| Other amounts payable47/48 | €64k | €76k | ▲ 19.0% |
| Accrued charges and deferred income492/3 | €4k | €2k | ▼ 60.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-24k | ▼ 12.3% |
| + Depreciation and write-downs630 | €24k | €24k | ▼ 2.3% |
| Operating cash flow (approximation) | €3k | €219 | ▼ 93.5% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €20k | - |
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
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Vorst · 1 establishment unit since 2000
Ground area
181 m²
Building footprint
133 m²
Volume, LiDAR
1,562 m³
Parcel 21007A0118/00M005, Brussels · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Clementinalaan 27, 1190 Vorst
since 20002.131.645.967
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0118/00M005 | Brussels | 181 m² | 1 · 133 m² | 19.1 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600F30SF4W3327X27
Similar companies · same sector, comparable size
FEAGLE CONSULTING GROUP
BE 0744.779.361
Zutendaal · Eq €5,507
TRIAXE SOLUTIONS
BE 0436.699.542
Dilbeek · Eq €5,430
TRANSMED
BE 0455.685.313
Boutersem · Eq €5,542
SUZZI
BE 0871.124.831
Antwerpen · Eq €5,414
SANTEVI
BE 0802.240.577
Knokke-Heist · Eq €5,554
Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 1,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formBesloten Vennootschap van publiek recht
Founded11-05-2000
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.