THAANN ENGINEERING

Active

Private limited companyfounded 2001active for 24 yearsBrandstraat 2, 9160 Lokeren, BelgiumKBO/BCE: BE 0476.345.818

Summary

THAANN ENGINEERING has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €123,956. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 77% of 34 sector peers (NACE 39, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

THAANN ENGINEERINGActiveChecked score 95/100

Risk analysis Report Compare

Activity

Remediation activities and other waste management service activities

NACE 39000Engineering and related technical consultancy, excluding land surveyors NACE 71121

2nd oldest company in East Flanders, Remediation sector1 site

Size

≈ €1.5mturnover 2025, estimated

Staff: 2 FTE
Equity: €1.9m
Profit: €123,956

Turnover estimated from the gross margin

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

2025 accounts 34 days early6 deeds in the Belgian Official Gazette

Why 95raises risk1 of the last 3 latelowers riskSize: 2 FTE, total assets €3.5mFounded in 2001Figures for financial year 2025 (filed 27-06-2026)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 57% of its sector peers (NACE 39, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 80-4

equity 54.7% of total assets

Liquidity 65-6

short-term debt 11.2% · cash 12.5%

Profitability 73-14

return on assets 3.6%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (92 companies, NACE 39, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 percentage points vs 07-2025 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025 10-2025: 1.2%▲ +0.4 percentage points vs 09-2025highest value 11-2025: 0.1%▼ -1.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value

Credit of up to €180,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.12, compared with 2.15 in 2024, above the usual 1.5; short-term debt: 11.2% and cash: 12.5% of total assets), and 45.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 39, micro): better than 76% on solvency, 66% on liquidity, 48% on profitability and 40% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: 2 FTE, total assets €3.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2001

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 27-06-2026)

NBB · annual accounts

1 of the last 3 late

NBB · filings

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-06-2026, 34 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

34 days early

2024

61 days late

2023

29 days early

2022

44 days late

2021

45 days early

2020

67 days early

2019

81 days 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 22 days before the deadline; the sector median (NACE 39) for financial year 2024 is 9 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 filed years within 72 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-09-2025 Annual accounts filedfinancial year 2024 · abbreviated…
01-07-2025 Incorporation · FounderName clause · Legal form…

Key points

Caution: Result fell in 2025from €449,021 to €123,956 ▼ 72.4% View
Positive: 2nd oldest company in East Flanders, Remediation sectorin the Checked rankings No. 2 View
Positive: 8 profitable years in a rowprofit 2025: €123,956 8 years View
Known shareholdersaccounts at 31-12-2023 100% View

By topic

Financials

Financial year: 2025
Total assets: €3.5m
Profit: €123,956
Solvency: 54.7%

Total assets▲ 12.9%

Net result

20182025

Go to Financials

Board & ownership

Known shareholders: 100%

Go to Board & ownership

Timeline

Events: 30
Since: 2003
Next accounts: by 31-07-2027

01-07-2025Incorporation · Founder
31-12-2024Liquidity more than doubled
02-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Remediation activities and other waste management service activitiesNACE 39000
Founded: 18-12-2001
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about THAANN ENGINEERING

What is the company number of THAANN ENGINEERING?: 0476.345.818. In Belgium the VAT number is the company number with BE in front: BE 0476.345.818.
Where is THAANN ENGINEERING based?: The registered office is at Brandstraat 2, 9160 Lokeren.Company details
What does THAANN ENGINEERING do?: According to the KBO register, the main activity is remediation activities and other waste management service activities (NACE 39000).
What is the legal form of THAANN ENGINEERING?: Private limited company (BV).
When was THAANN ENGINEERING founded?: On 18-12-2001.
Is THAANN ENGINEERING still active?: Yes, THAANN ENGINEERING is an active enterprise in the KBO register.
How many employees does THAANN ENGINEERING have?: On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of THAANN ENGINEERING?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is THAANN ENGINEERING profitable?: In financial year 2025, THAANN ENGINEERING made a profit of €123,956.
Where can I find the annual accounts of THAANN ENGINEERING?: THAANN ENGINEERING filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THAANN ENGINEERING due?: By 31-07-2027, for financial year 2026.Timeline