STEPHANE THIRY
ActiveSTEPHANE THIRY has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €20k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+2
Solvency66▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.11 in 2024; short-term debt: 18.4% and cash: 10.1% of total assets), but 59% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
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
41%
Return on assets
4.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
26 d late
2023
40 d early
2022
102 d late
2021
85 d late
2020
27 d late
2019
19 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€175k▲ 14.9%
2024 · €152k
2021: €99k
2022: €104k
2023: €144k
2024: €152k
2021 → 2025
Total assets
€427k▲ 23.7%
2024 · €345k
2021: €136k
2022: €222k
2023: €344k
2024: €345k
2021 → 2025
Net result
€20k▲ 85.1%
2024 · €11k
2021: €9k
2022: €5k
2023: €40k
2024: €11k
2021 → 2025
Working capital
€129k▲ 45.3%
2024 · €89k
2021: €94k
2022: €103k
2023: €76k
2024: €89k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€104k▲ 5.0%€144k▲ 39.4%€152k▲ 5.6%€175k▲ 14.9%
Operating result€5k-€-8k€49k€20k▼ 58.2%€32k▲ 56.0%
Net result€9k-€5k▼ 44.2%€40k▲ 698%€11k▼ 72.6%€20k▲ 85.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427k
Fixed assets
€219k▲ 24.4%
Current assets
€207k▲ 23.0%
Equity and liabilities €427k
Equity
€175k▲ 14.9%
Debt
€252k▲ 30.6%
The debt ratio rises from 55.8% to 59.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109k▲
2024 · €86k
Cash flow
€97k▲
2024 · €77k
Solvency
41.0%▼
2024 · 44.2%
Current ratio
2.64▲
2024 · 2.11
Quick ratio
2.62▲
2024 · 2.00
Debt / equity
1.44▲
2024 · 1.26
ROE
11.4%▲
2024 · 7.1%
ROA
4.7%▲
2024 · 3.1%
Interest coverage
13.39▼
2024 · 17.05
Debt
€252k▲
2024 · €193k
Debt ≤ 1 year
€78k▼
2024 · €80k
Debt > 1 year
€173k▲
2024 · €112k
Income taxes
€8k▲
2024 · €6k
Staff costs
€55k▲
2024 · €45k
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€345k€427k▲
Fixed assets21/28€176k€219k▲
Tangible fixed assets22/27€172k€215k▲
Land and buildings22€3k€64k▲
Furniture and vehicles24€45k€85k▲
Leasing and similar rights25€124k€65k▼
Financial fixed assets28€5k€5k▲
Current assets29/58€169k€207k▲
Stocks and contracts in progress3€9k€2k▼
Stocks30/36€9k€2k▼
Amounts receivable within one year40/41€111k€161k▲
Trade receivables40€103k€152k▲
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€40k€43k▲
Deferred charges and accrued income490/1€9k€1k▼
Equity and liabilities
Total equity and liabilities10/49€345k€427k▲
Equity10/15€152k€175k▲
Contributions10/11€20k€20k=
Reserves13€50k€70k▲
Distributable reserves133€50k€70k▲
Profit (loss) carried forward14€77k€74k▼
Investment grants15€4k€10k▲
Amounts payable17/49€193k€252k▲
Amounts payable after more than one year17€112k€173k▲
Financial debts170/4€112k€173k▲
Amounts payable within one year42/48€80k€78k▼
Current portion of amounts payable after more than one year42€38k€47k▲
Trade debts44€29k€18k▼
Suppliers440/4€29k€18k▼
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€8k€9k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Non-recurring operating income76A€12k€19▼
Remuneration, social security and pensions62€45k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€77k▲
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A-€10k
Gross operating margin9900€138k€176k▲
Operating profit (loss)9901€20k€32k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€17k€28k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€11k€20k▲
Profit (loss) for the period to be appropriated9905€11k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€97k▲
Profit (loss) brought forward from the previous period14P€82k€77k▼
Transfer to equity691/2€11k€20k▲
To other reserves6921€11k€20k▲
Profit to be distributed694/7€5k€3k▼
Return on contributions (dividend)694€5k€3k▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Equity above €150kEq €152k ▲5.6%
4 profitable years in a row build equity to €152k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €40k ▲698%
Operating result €49k, net result €40k, both a record.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
31-12
Financial
Weakest financial yearnet €5k ▼44.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €104k ▲5%
2 profitable years in a row build equity to €104k.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bastogne · 1 establishment unit since 2000
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.
Wicourt 1546600 BastogneGround area
949 m²
Building footprint
183 m²
Volume, LiDAR
976 m³
Parcel 82024A0258/00X000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wicourt 154, 6600 Bastogne
since 20002.093.999.277
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82024A0258/00X000 | Wallonia | 949 m² | 1 · 183 m² | 7.9 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 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2000
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.