STEVEN THUILLIER
ActiveSummary
The computed 12-month bankruptcy probability of STEVEN THUILLIER is 7.5% (elevated). The 2024 annual accounts show equity of €115k and a net result of €-4k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▼-44
Solvency80▲+25
Growth52=
Track record92
Bankruptcy probability, 12 months
7.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 2.84 in 2023; short-term debt: 40.8% and cash: 3.1% of total assets), and 45.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.8%
Return on assets
-2.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
217 d late
2022
155 d late
2021
31 d late
2020
53 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€115k▼ 3.7%
2023 · €119k
2020: €90klowest in 5 years
2021: €92k▲ +2.3% vs 2020
2022: €98k▲ +6.2% vs 2021
2023: €119k▲ +21.8% vs 2022highest in 5 years
2024: €115k▼ -3.7% vs 2023
2020 → 2024
Total assets
€210k▼ 46.6%
2023 · €393k
2020: €209k
2021: €194k▼ -6.9% vs 2020lowest in 5 years
2022: €275k▲ +41.7% vs 2021
2023: €393k▲ +42.6% vs 2022highest in 5 years
2024: €210k▼ -46.6% vs 2023
2020 → 2024
Net result
€-4k
2023 · €21k
2020: €80khighest in 5 years
2021: €2k▼ -97.4% vs 2020
2022: €6k▲ +173% vs 2021
2023: €21k▲ +273% vs 2022
2024: €-4k▼ -121% vs 2023lowest in 5 years
2020 → 2024
Working capital
€103k▼ 57.2%
2023 · €241k
2020: €77klowest in 5 years
2021: €90k▲ +15.9% vs 2020
2022: €144k▲ +60.4% vs 2021
2023: €241k▲ +67.0% vs 2022highest in 5 years
2024: €103k▼ -57.2% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€90k-€92k▲ 2.3%€98k▲ 6.2%€119k▲ 21.8%€115k▼ 3.7%
2020: €90klowest in 5 years
2021: €92k▲ +2.3% vs 2020
2022: €98k▲ +6.2% vs 2021
2023: €119k▲ +21.8% vs 2022highest in 5 years
2024: €115k▼ -3.7% vs 2023
Operating result€102k-€8k▼ 92.6%€9k▲ 19.2%€33k▲ 269%€2k▼ 94.9%
2020: €102khighest in 5 years
2021: €8k▼ -92.6% vs 2020
2022: €9k▲ +19.2% vs 2021
2023: €33k▲ +269% vs 2022
2024: €2k▼ -94.9% vs 2023lowest in 5 years
Net result€80k-€2k▼ 97.4%€6k▲ 173%€21k▲ 273%€-4k
2020: €80khighest in 5 years
2021: €2k▼ -97.4% vs 2020
2022: €6k▲ +173% vs 2021
2023: €21k▲ +273% vs 2022
2024: €-4k▼ -121% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 95% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €210k
Fixed assets
€21k =
Current assets
€188k ▼ 49.3%
Equity and liabilities €210k
Equity
€115k ▼ 3.7%
Debt
€95k ▼ 65.3%
Debt's share of the balance-sheet total falls from 69.6% to 45.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.20▼
2023 · 2.84
Quick ratio
2.09▼
2023 · 2.76
Debt to equity
0.82▼
2023 · 2.29
ROE
-3.8%▼
2023 · 17.9%
ROA
-2.1%▼
2023 · 5.4%
Debt ≤ 1 year
€86k▼
2023 · €131k
Debt > 1 year
€9k▼
2023 · €142k
Staff costs
€198▼
2023 · €15k
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€393k€210k▼
Fixed assets21/28€21k€21k=
Tangible fixed assets22/27€20k€20k=
Plant, machinery and equipment23€4k€4k=
Furniture and vehicles24€13k€13k=
Leasing and similar rights25€3k€3k=
Financial fixed assets28€1k€1k=
Current assets29/58€371k€188k▼
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€350k€172k▼
Trade receivables40€336k€169k▼
Other amounts receivable41€13k€3k▼
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€393k€210k▼
Equity10/15€119k€115k▼
Contributions10/11€10k€10k=
Reserves13€109k€109k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14-€-4k
Amounts payable17/49€273k€95k▼
Amounts payable after more than one year17€142k€9k▼
Financial debts170/4€142k€9k▼
Amounts payable within one year42/48€131k€86k▼
Current portion of amounts payable after more than one year42-€18k
Financial debts43€47k-
Credit institutions430/8€47k-
Trade debts44€43k-
Suppliers440/4€43k-
Taxes, remuneration and social security45€8k€8k=
Taxes450/3€8k€8k=
Other amounts payable47/48€34k€60k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€198▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€27k
Other operating charges640/8€5k€3k▼
Gross operating margin9900€76k€31k▼
Operating profit (loss)9901€33k€2k▼
Financial income75/76B€185€1▼
Recurring financial income75€185€1▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€28k€-4k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€21k€-4k▼
Profit (loss) for the period to be appropriated9905€21k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-4k▼
Transfer to equity691/2€21k-
To other reserves6921€21k-
The notes to these accounts (5 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 | - | €46k | €43k | €15k | €198 | ▼ 98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | €11k | €23k | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €27k | - |
| Other operating charges640/8 | - | €1k | €8k | €5k | €3k | ▼ 49.2% |
| Gross operating margin9900 | €118k | €72k | €72k | €76k | €31k | ▼ 58.8% |
| Operating profit (loss)9901 | €102k | €8k | €9k | €33k | €2k | ▼ 94.9% |
| Financial income75/76B | - | €1 | €4k | €185 | €1 | ▼ 99.6% |
| Recurring financial income75 | €5 | €1 | €4k | €185 | €1 | ▼ 99.6% |
| Financial charges65/66B | - | €4k | €6k | €6k | €6k | ▲ 5.7% |
| Recurring financial charges65 | €3k | €4k | €6k | €6k | €6k | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €99k | €4k | €7k | €28k | €-4k | ▼ 116% |
| Income taxes67/77 | €18k | €2k | €2k | €6k | - | - |
| Profit (loss) for the period9904 | €80k | €2k | €6k | €21k | €-4k | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | €80k | €2k | €6k | €21k | €-4k | ▼ 121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €209k | €194k | €275k | €393k | €210k | ▼ 46.6% |
| Fixed assets21/28 | €34k | €73k | €30k | €21k | €21k | = |
| Tangible fixed assets22/27 | €34k | €71k | €29k | €20k | €20k | = |
| Plant, machinery and equipment23 | - | €6k | €5k | €4k | €4k | = |
| Furniture and vehicles24 | - | €48k | €15k | €13k | €13k | = |
| Leasing and similar rights25 | - | €16k | €10k | €3k | €3k | = |
| Financial fixed assets28 | - | €2k | €1k | €1k | €1k | = |
| Current assets29/58 | €174k | €121k | €245k | €371k | €188k | ▼ 49.3% |
| Stocks and contracts in progress3 | €5k | €5k | €10k | €10k | €10k | = |
| Stocks30/36 | - | €5k | €10k | €10k | €10k | = |
| Amounts receivable within one year40/41 | €145k | €116k | €217k | €350k | €172k | ▼ 50.9% |
| Trade receivables40 | - | €53k | €137k | €336k | €169k | ▼ 49.7% |
| Other amounts receivable41 | - | €64k | €80k | €13k | €3k | ▼ 78.9% |
| Cash at bank and in hand54/58 | €22k | €0 | €14k | €6k | €7k | ▲ 15.2% |
| Deferred charges and accrued income490/1 | - | €0 | €3k | €6k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €209k | €194k | €275k | €393k | €210k | ▼ 46.6% |
| Equity10/15 | €90k | €92k | €98k | €119k | €115k | ▼ 3.7% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €80k | €82k | €88k | €109k | €109k | = |
| Distributable reserves133 | - | €82k | €88k | €109k | €109k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-4k | - |
| Amounts payable17/49 | €118k | €102k | €177k | €273k | €95k | ▼ 65.3% |
| Amounts payable after more than one year17 | €22k | €70k | €76k | €142k | €9k | ▼ 93.5% |
| Financial debts170/4 | - | €70k | €76k | €142k | €9k | ▼ 93.5% |
| Amounts payable within one year42/48 | €97k | €31k | €101k | €131k | €86k | ▼ 34.6% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | €18k | - |
| Financial debts43 | - | €20k | €0 | €47k | - | - |
| Credit institutions430/8 | - | €20k | €0 | €47k | - | - |
| Trade debts44 | €73k | €10k | €99k | €43k | - | - |
| Suppliers440/4 | - | €10k | €99k | €43k | - | - |
| Taxes, remuneration and social security45 | - | €2k | €1k | €8k | €8k | = |
| Taxes450/3 | - | €2k | €1k | €8k | €8k | = |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €34k | €60k | ▲ 77.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €2k | €6k | €21k | €-4k | ▼ 121% |
| + Depreciation and write-downs630 | €14k | €17k | €11k | €23k | - | - |
| Operating cash flow (approximation) | €94k | €19k | €17k | €44k | €-4k | ▼ 110% |
| Investment in fixed assets (approximation) | - | €-56k | €31k | €-14k | €0 | ▲ 100% |
| Change in cash | - | €-22k | €14k | €-9k | €868 | ▲ 110% |
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
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
07-05
KBO administration
Address struck
Stationsstraat 53 8650 Die Sitzadresse Stationsstraat 53 8650
Houthulst · event 14-04-2025
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 217 days late
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 155 days late
2023
31-12
Financial
Equity above €100kEq €119k ▲21.8%
4 profitable years in a row build equity to €119k.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.80 to 3.85; short-term debt falls from €97k to €31k.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Houthulst · 1 establishment unit since 2019
Ground area
289 m²
Building footprint
80 m²
Volume, LiDAR
249 m³
Parcel 32009E0438/02E000, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STEVEN THUILLIER
since 20192.291.295.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32009E0438/02E000 | Flanders | 289 m² | 1 · 80 m² | 5.2 m · 1 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.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,051 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
Founded16-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.