Rederij Thysebaerdt
ActiveSummary
Rederij Thysebaerdt has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€290,257. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 46 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-30
Solvency60▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.56 in 2024; short-term debt: 10.1% and cash: 8.1% of total assets), but 64.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 03
Relative position
BE, all sectors
reference
Fishing and aquaculture (NACE 03)
about 57% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.1%
Return on assets
-5.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
14 d late
2022
26 d early
2021
17 d late
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days after the deadline, and 54% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in West Flanders, Fishing and aquaculture sector#10 company by total assets in West Flanders, Fishing and aquaculture sector
Equity
€1.8m▼ 17.7%
2024 · €2.2m
Total assets
€5.1m▼ 7.1%
2024 · €5.5m
Net result
-€290,257
2024 · €156,304
Working capital
€401,773▼ 26.4%
2024 · €546,089
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€294,093▼ 44.0%€231,260€617,160▲ 167%€78,087▼ 87.3%-€385,415
Net result-€216,956▼ 20.4%€237,714€643,227▲ 171%€156,304▼ 75.7%-€290,257
Equity€1.1m▲ 21.9%€1.3m▲ 16.8%€2.1m▲ 60.4%€2.2m▲ 2.5%€1.8m▼ 17.7%
Total assets€5.0m▲ 49.5%€4.9m▼ 1.2%€5.9m▲ 19.9%€5.5m▼ 7.5%€5.1m▼ 7.1%
Debt€3.5m▲ 66.6%€3.3m▼ 6.4%€3.5m▲ 5.6%€3.0m▼ 13.3%€3.0m▲ 0.9%
Working capital-€143,530▲ 78.4%-€126,945▲ 11.6%€433,794€546,089▲ 25.9%€401,773▼ 26.4%
Staff (FTE)3.47.9▲ 132%8.4▲ 6.3%10.1▲ 20.2%11.5▲ 13.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €385,415 after €78,087 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.2m ▼ 8.8%
Current assets
€911,864 ▲ 1.7%
Equity and liabilities €5.1m
Equity
€1.8m ▼ 17.7%
Provisions
€248,480 ▼ 11.3%
Debt
€3.0m ▲ 0.9%
Debt's share of the balance-sheet total rises from 55.3% to 60.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€140,089▼
2024 · €603,063
Cash flow
€235,247▼
2024 · €681,280
Current ratio
1.79▼
2024 · 2.56
Debt to equity
1.71▲
2024 · 1.40
ROE
-16.3%▼
2024 · 7.2%
ROA
-5.7%▼
2024 · 2.9%
Interest coverage
3.63▼
2024 · 16.05
Debt ≤ 1 year
€510,091▲
2024 · €350,742
Debt > 1 year
€2.5m▼
2024 · €2.7m
Income taxes
€390▼
2024 · €21,522
Staff costs
€605,722▼
2024 · €649,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,594 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,240 | - | - |
| Remuneration, social security and pensions62 | €171,910 | €723,464 | €609,617 | €649,192 | €605,722 | ▼ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €297,048 | €396,283 | €440,777 | €524,976 | €525,504 | ▲ 0.1% |
| Other operating charges640/8 | €1,900 | €4,928 | €4,257 | €11,676 | €4,635 | ▼ 60.3% |
| Gross operating margin9900 | €176,765 | €1.4m | €1.7m | €1.3m | €750,445 | ▼ 40.6% |
| Operating profit (loss)9901 | -€294,093 | €231,260 | €617,160 | €78,087 | -€385,415 | ▼ 594% |
| Financial income75/76B | €82,816 | €51,854 | €100,632 | €104,040 | €102,451 | ▼ 1.5% |
| Recurring financial income75 | €82,816 | €51,854 | €100,632 | €104,040 | €102,451 | ▼ 1.5% |
| Financial charges65/66B | €35,457 | €37,440 | €36,563 | €37,578 | €38,601 | ▲ 2.7% |
| Recurring financial charges65 | €35,457 | €37,440 | €36,563 | €37,578 | €38,601 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | -€246,734 | €245,674 | €681,229 | €144,549 | -€321,565 | ▼ 322% |
| Transfer from deferred taxes780 | €30,119 | €25,548 | €32,204 | €33,277 | €31,698 | ▼ 4.7% |
| Income taxes67/77 | €341 | €33,508 | €70,206 | €21,522 | €390 | ▼ 98.2% |
| Profit (loss) for the period9904 | -€216,956 | €237,714 | €643,227 | €156,304 | -€290,257 | ▼ 286% |
| Transfer from tax-exempt reserves789 | €54,958 | €73,708 | €54,958 | €54,958 | €54,958 | = |
| Profit (loss) for the period to be appropriated9905 | -€161,998 | €311,422 | €698,185 | €211,262 | -€235,299 | ▼ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.0m | €4.9m | €5.9m | €5.5m | €5.1m | ▼ 7.1% |
| Fixed assets21/28 | €4.7m | €4.7m | €4.9m | €4.6m | €4.2m | ▼ 8.8% |
| Intangible fixed assets21 | €59,665 | €50,254 | €51,868 | €47,854 | €38,451 | ▼ 19.6% |
| Tangible fixed assets22/27 | €4.7m | €4.6m | €4.8m | €4.5m | €4.1m | ▼ 8.7% |
| Land and buildings22 | €118,297 | €112,699 | €381,033 | €366,535 | €352,037 | ▼ 4.0% |
| Plant, machinery and equipment23 | €11,253 | €248,814 | €499,490 | €454,473 | €396,410 | ▼ 12.8% |
| Furniture and vehicles24 | €4.5m | €4.3m | €3.9m | €3.6m | €3.3m | ▼ 8.6% |
| Leasing and similar rights25 | - | - | - | €46,331 | €36,597 | ▼ 21.0% |
| Current assets29/58 | €262,408 | €246,740 | €1.0m | €896,831 | €911,864 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €95,125 | €75,029 | €20,211 | €27,374 | €65,873 | ▲ 141% |
| Trade receivables40 | €83,239 | €54,457 | - | €39 | €41,841 | ▲ 107,186% |
| Other amounts receivable41 | €11,886 | €20,572 | €20,211 | €27,335 | €24,031 | ▼ 12.1% |
| Current investments50/53 | - | - | - | - | €364,788 | - |
| Cash at bank and in hand54/58 | €139,969 | €153,238 | €408,120 | €835,873 | €409,833 | ▼ 51.0% |
| Deferred charges and accrued income490/1 | €27,314 | €18,473 | €610,844 | €33,584 | €71,370 | ▲ 113% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.0m | €4.9m | €5.9m | €5.5m | €5.1m | ▼ 7.1% |
| Equity10/15 | €1.1m | €1.3m | €2.1m | €2.2m | €1.8m | ▼ 17.7% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €765,525 | €1.0m | €1.6m | €1.8m | €1.7m | ▼ 3.0% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | €753,130 | €679,422 | €624,464 | €569,506 | €514,548 | ▼ 9.7% |
| Distributable reserves133 | €10,540 | €321,962 | €1.0m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | -€284,246 | -€284,246 | -€284,246 | -€284,246 | -€519,545 | ▼ 82.8% |
| Investment grants15 | €625,025 | €576,624 | €727,008 | €623,128 | €530,303 | ▼ 14.9% |
| Provisions and deferred taxes16 | €335,759 | €310,408 | €313,455 | €280,177 | €248,480 | ▼ 11.3% |
| Deferred taxes168 | €335,759 | €310,408 | €313,455 | €280,177 | €248,480 | ▼ 11.3% |
| Amounts payable17/49 | €3.5m | €3.3m | €3.5m | €3.0m | €3.0m | ▲ 0.9% |
| Amounts payable after more than one year17 | €3.1m | €2.9m | €2.9m | €2.7m | €2.5m | ▼ 4.9% |
| Financial debts170/4 | €3.1m | €2.9m | €2.9m | €2.7m | €2.5m | ▼ 4.9% |
| Amounts payable within one year42/48 | €405,938 | €373,685 | €605,381 | €350,742 | €510,091 | ▲ 45.4% |
| Current portion of amounts payable after more than one year42 | €225,811 | €228,132 | €245,470 | €255,420 | €342,318 | ▲ 34.0% |
| Financial debts43 | €50,000 | - | - | - | - | - |
| Credit institutions430/8 | €50,000 | - | - | - | - | - |
| Trade debts44 | €84,899 | €77,707 | €252,593 | €15,779 | €98,716 | ▲ 526% |
| Suppliers440/4 | €84,899 | €77,707 | €252,593 | €15,779 | €98,716 | ▲ 526% |
| Taxes, remuneration and social security45 | €45,228 | €67,846 | €107,318 | €79,543 | €69,057 | ▼ 13.2% |
| Taxes450/3 | €28,374 | €46,680 | €87,576 | €48,692 | €27,248 | ▼ 44.0% |
| Remuneration and social security454/9 | €16,854 | €21,166 | €19,742 | €30,851 | €41,808 | ▲ 35.5% |
| Accrued charges and deferred income492/3 | €134 | - | €1,075 | €2,816 | €1,126 | ▼ 60.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€216,956 | €237,714 | €643,227 | €156,304 | -€290,257 | ▼ 286% |
| + Depreciation and write-downs630 | €297,048 | €396,283 | €440,777 | €524,976 | €525,504 | ▲ 0.1% |
| Operating cash flow (approximation) | €80,092 | €633,997 | €1.1m | €681,280 | €235,247 | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | -€350,890 | -€628,136 | -€224,622 | -€122,307 | ▲ 45.5% |
| Change in cash | - | €13,269 | €254,882 | €427,753 | -€426,040 | ▼ 200% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€290,257
Net result drops to -€290,257, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
30-09
Financial
Liquidity triplescurrent ratio 1.72
Current ratio from 0.66 to 1.72.
30-09
Financial
Equity above €2mEq €2.1m ▲60.4%
2 profitable years in a row build equity to €2.1m.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €237,714
Net result €237,714 after 2 loss-making years.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
30-09
Financial
Equity above €1mEq €1.1m ▲21.9%
Equity rises from €922,974 to €1.1m.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial 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, Damme · 1 establishment unit since 1999
Ground area
1,164 m²
Building footprint
165 m²
Volume, LiDAR
870 m³
Parcel 31023A0420/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Z19 Brigitte
since 19992.090.900.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31023A0420/00M000 | Flanders | 1,164 m² | 1 · 165 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 141,000 EUR awarded · 141,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 141,000 EUR | 141,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDamme2.090.900.524
Dual-learning approval
2 live approvals · 6 endedMatroos zeevisserij duaal (so)
Zeevisserij duaal (so)
Show 6 ended approvals
Motorist 221 kW (so)
Roerganger (so)
Schipper beperkt vaargebied (so)
Motorist 221 kW (so)
Roerganger (so)
Schipper beperkt vaargebied (so)
Legal Entity Identifier
699400LV93WLYN7LHL93
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Of 104 companies in sector 03110 we hold annual accounts for 76. 55 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
Founded02-04-1999
Fiscal year end30-09
Activities, NACEBEL 2025
03110Fishing and aquaculture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465779647
Also
9925:BE0465779647
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.