THAENS
ActiveSummary
THAENS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €720k and a net result of €-4k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 93% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-52
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 6.01 against 4.41 in 2024; short-term debt: 13.3% and cash: 5.5% of total assets), and 13.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
86.7%
Return on assets
-0.5%
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 07-09-2026, 38 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
38 d late
2024
22 d late
2023
29 d late
2022
24 d late
2021
26 d late
2020
19 d late
2019
48 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2024 · €12k
2018: €-43k
2019: €-36k▲ +16.4% vs 2018
2020: €98k▲ +377% vs 2019highest in 8 years
2021: €-51k▼ -152% vs 2020lowest in 8 years
2022: €-15k▲ +69.8% vs 2021
2023: €-18k▼ -17.6% vs 2022
2024: €12k▲ +168% vs 2023
2025: €-4k▼ -132% vs 2024
2018 → 2025
Working capital
€552k▼ 0.6%
2024 · €556k
2018: €607k
2019: €526k▼ -13.3% vs 2018lowest in 8 years
2020: €632k▲ +20.1% vs 2019highest in 8 years
2021: €578k▼ -8.6% vs 2020
2022: €563k▼ -2.6% vs 2021
2023: €545k▼ -3.2% vs 2022
2024: €556k▲ +2.0% vs 2023
2025: €552k▼ -0.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€745k-€730k▼ 2.1%€712k▼ 2.5%€724k▲ 1.7%€720k▼ 0.5%
2021: €745khighest in 5 years
2022: €730k▼ -2.1% vs 2021
2023: €712k▼ -2.5% vs 2022lowest in 5 years
2024: €724k▲ +1.7% vs 2023
2025: €720k▼ -0.5% vs 2024
Operating result€-51k-€-15k▲ 69.9%€-18k▼ 18.4%€12k€-4k
2021: €-51klowest in 5 years
2022: €-15k▲ +69.9% vs 2021
2023: €-18k▼ -18.4% vs 2022
2024: €12k▲ +168% vs 2023highest in 5 years
2025: €-4k▼ -131% vs 2024
Net result€-51k-€-15k▲ 69.8%€-18k▼ 17.6%€12k€-4k
2021: €-51klowest in 5 years
2022: €-15k▲ +69.8% vs 2021
2023: €-18k▼ -17.6% vs 2022
2024: €12k▲ +168% vs 2023highest in 5 years
2025: €-4k▼ -132% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €830k
Fixed assets
€168k ▼ 0.2%
Current assets
€662k ▼ 7.9%
Equity and liabilities €830k
Equity
€720k ▼ 0.5%
Debt
€110k ▼ 32.4%
Debt's share of the balance-sheet total falls from 18.4% to 13.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €12k
Cash flow
€-4k▼
2024 · €12k
Current ratio
6.01▲
2024 · 4.41
Quick ratio
4.99▲
2024 · 3.70
Debt to equity
0.15▼
2024 · 0.23
ROE
-0.5%▼
2024 · 1.7%
ROA
-0.5%▼
2024 · 1.4%
Interest coverage
-74.82▼
2024 · 199.07
Debt ≤ 1 year
€110k▼
2024 · €163k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€887k€830k▼
Fixed assets21/28€168k€168k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€167k€167k=
Current assets29/58€719k€662k▼
Stocks and contracts in progress3€116k€112k▼
Stocks30/36€116k€112k▼
Amounts receivable within one year40/41€265k€201k▼
Trade receivables40€214k€151k▼
Other amounts receivable41€51k€50k▼
Current investments50/53€303k€303k=
Cash at bank and in hand54/58€32k€46k▲
Deferred charges and accrued income490/1€3k€408▼
Equity and liabilities
Total equity and liabilities10/49€887k€830k▼
Equity10/15€724k€720k▼
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14€451k€447k▼
Amounts payable17/49€163k€110k▼
Amounts payable within one year42/48€163k€110k▼
Trade debts44€102k€44k▼
Suppliers440/4€102k€44k▼
Advances received on contracts in progress46€29k€29k=
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3-€603
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€30k€34k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45€348▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€17k€-717▼
Operating profit (loss)9901€12k€-4k▼
Financial income75/76B€29€2▼
Recurring financial income75€29€2▼
Financial charges65/66B€62€48▼
Recurring financial charges65€62€48▼
Profit (loss) for the period before taxes9903€12k€-4k▼
Profit (loss) for the period9904€12k€-4k▼
Profit (loss) for the period to be appropriated9905€12k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€451k€447k▼
Profit (loss) brought forward from the previous period14P€439k€451k▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €348 | €261 | €45 | €348 | ▲ 667% |
| Other operating charges640/8 | €2k | €3k | €5k | €4k | €3k | ▼ 34.9% |
| Gross operating margin9900 | €-40k | €-12k | €-13k | €17k | €-717 | ▼ 104% |
| Operating profit (loss)9901 | €-51k | €-15k | €-18k | €12k | €-4k | ▼ 131% |
| Financial income75/76B | €9 | €13 | €59 | €29 | €2 | ▼ 91.5% |
| Recurring financial income75 | €9 | €13 | €59 | €29 | €2 | ▼ 91.5% |
| Financial charges65/66B | €117 | €112 | €45 | €62 | €48 | ▼ 24.0% |
| Recurring financial charges65 | €117 | €112 | €45 | €62 | €48 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €-51k | €-15k | €-18k | €12k | €-4k | ▼ 132% |
| Profit (loss) for the period9904 | €-51k | €-15k | €-18k | €12k | €-4k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €-51k | €-15k | €-18k | €12k | €-4k | ▼ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €884k | €901k | €876k | €887k | €830k | ▼ 6.4% |
| Fixed assets21/28 | €167k | €167k | €167k | €168k | €168k | ▼ 0.2% |
| Tangible fixed assets22/27 | €609 | €261 | - | €2k | €1k | ▼ 20.5% |
| Land and buildings22 | €609 | €261 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 20.5% |
| Financial fixed assets28 | €167k | €167k | €167k | €167k | €167k | = |
| Current assets29/58 | €717k | €734k | €710k | €719k | €662k | ▼ 7.9% |
| Stocks and contracts in progress3 | €109k | €101k | €119k | €116k | €112k | ▼ 3.1% |
| Stocks30/36 | €109k | €101k | €119k | €116k | €112k | ▼ 3.1% |
| Amounts receivable within one year40/41 | €279k | €321k | €274k | €265k | €201k | ▼ 24.2% |
| Trade receivables40 | €186k | €225k | €224k | €214k | €151k | ▼ 29.5% |
| Other amounts receivable41 | €93k | €96k | €50k | €51k | €50k | ▼ 2.1% |
| Current investments50/53 | €303k | €303k | €303k | €303k | €303k | = |
| Cash at bank and in hand54/58 | €24k | €8k | €13k | €32k | €46k | ▲ 42.0% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €3k | €408 | ▼ 84.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €884k | €901k | €876k | €887k | €830k | ▼ 6.4% |
| Equity10/15 | €745k | €730k | €712k | €724k | €720k | ▼ 0.5% |
| Contributions10/11 | €248k | €248k | €248k | €248k | €248k | = |
| Capital10 | €248k | €248k | €248k | €248k | €248k | = |
| Issued capital100 | €248k | €248k | €248k | €248k | €248k | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €25k | €25k | = |
| Legal reserve130 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €472k | €457k | €439k | €451k | €447k | ▼ 0.9% |
| Amounts payable17/49 | €139k | €171k | €165k | €163k | €110k | ▼ 32.4% |
| Amounts payable within one year42/48 | €139k | €171k | €165k | €163k | €110k | ▼ 32.4% |
| Trade debts44 | €86k | €119k | €106k | €102k | €44k | ▼ 56.8% |
| Suppliers440/4 | €86k | €119k | €106k | €102k | €44k | ▼ 56.8% |
| Advances received on contracts in progress46 | €29k | €29k | €29k | €29k | €29k | = |
| Taxes, remuneration and social security45 | €2k | €2k | €4k | €2k | €3k | ▲ 31.5% |
| Taxes450/3 | - | - | €2k | - | €603 | - |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €2k | ▲ 0.7% |
| Other amounts payable47/48 | €22k | €21k | €25k | €30k | €34k | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-51k | €-15k | €-18k | €12k | €-4k | ▼ 132% |
| + Depreciation and write-downs630 | €8k | €348 | €261 | €45 | €348 | ▲ 667% |
| Operating cash flow (approximation) | €-43k | €-15k | €-18k | €12k | €-4k | ▼ 129% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-16k | €5k | €20k | €14k | ▼ 31.1% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 38 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €98k
Net result €98k after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maaseik · 1 establishment unit since 1999
Ground area
3,062 m²
Building footprint
351 m²
Parcel 72021A1103/00X008, Flanders. Linked by address, not a title deed.
1 establishment unit
Weertersteenweg 166, 3680 Maaseik
since 19992.035.751.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1103/00X008 | Flanders | 3,062 m² | 1 · 351 m² | - |
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
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 3,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Verslag van de raad van bestuur. Goedkeuring jaarrekening per 31.12.2003. Bestemming van het resultaat. Kwijting te verlenen aan de bestuurders. Benoemingen. Zich schikken naar de statuten. (79355) Thalassa, naamloze vennootschap, Kalfstraat 43, 8300 Knokke-Heist H.R. Brugge 71038 — BTW 420.734.332 De aandeelhouders worden uitgenodigd tot de jaarvergadering op 08.06.2004, om 11 uur, op de maatschappelijke zetel. — Dagorde : 1. Verslag raad van bestuur. 2. Lezing en onderzoek van de balans, jaarrekening en de V. W.-rekening afgesloten op 31.12.2003. 3. Goed- keuring jaarrekening per 31.12.2003. 4. Kwijting bestuurders. 5. (Her)benoeming bestuurders. 6. Vergoeding aan de bestuurders. 7. Vergoe ...