Equity
€23,999 ▼ 12.2%
Thairo paid out €70,000 in dividends. That is 105% of the 2025 profit.
Thairo
Lifetime
8 annual accounts with figures on one time axispeak €99,782 (2025)
€99,782▲ 50.9%
peak €66,673 (2025)
€66,673▲ 60.0%
peak €47,377 (2020)
€23,999▼ 12.2%
€78,610▲ 2.0%
Board1 name since 2022
-
Documentsfilings and deeds
12-08-202612 days late
2025micro format
Gross margin from €66,117 to €99,782Result from €41,660 to €66,673Dividend €70,000Equity from €27,326 to €23,999
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 53% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%highest value
01-2025: 0.7%▼ -0.1 percentage points vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▼ -0.3 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▼ -0.2 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €23,999 (23.4% of total assets)
Founded in 2017
lowers risk
Liquidity: current ratio 1.19, cash €79,573
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 30% of them on solvency, 65% on liquidity, 91% on profitability and 23% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Thairo has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thairo itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Thairo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.19 (1.18 in 2024), below the usual 1.5. Short-term debt is 73.4% and cash 77.5% of total assets. 76.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
12 days late
2024
8 days late
2023
25 days early
2022
2 days early
2021
1 day early
2020
15 days late
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · 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 30 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0677713759
Change of role: HAPERS Rob, from manager to director
Director discharge: HAPERS Rob · General meeting of 22-05-2023 · Gazette deed
Registered office moved from Merksplas to Beerse
New registered office: Sint-Rochusstraat 17, 2340 Beerse · Previous registered office: Krekelstraat 1, 2330 Merksplas · General meeting of 01-01-2020 · Gazette deed
Incorporation
published on 03-07-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Thairo Beerse | €102,609 | €99,782 | 23.4% | - |
| Paralelo Nomada Belgica Antwerp | €102,262 | €116,102 | 46.7% | - |
| Algemene Bouwwerken Wouters Heist-op-den-Berg | €105,535 | €102,086 | 40.2% | - |
| LVC Werfleiding Sint-Niklaas | €99,447 | €89,403 | 87.1% | - |
| A&M RENOVATIONS Etterbeek | €116,127 | €104,572 | 59.6% | - |
| DIRECT CONSTRUCT Forest | €106,615 | €94,758 | 47.3% | - |
| BBS Construct Tessenderlo-Ham | €103,157 | €96,562 | 48.4% | - |
These companies have the same main activity as Thairo: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €99,400 and €116,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 29-06-2017Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.266.187.0462340 Beerse, since 29-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Insights on Thairo
Thairo files the micro format. That format states no turnover. The gross margin rose from €32,614 in 2018 to €99,782 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Thairo
- What is the company number of Thairo?
- The company number of Thairo is 0677.713.759. The VAT number is the same number with BE in front: BE 0677.713.759.
- Where is Thairo based?
- The registered office is at Sint-Rochusstraat 17, 2340 Beerse.Company details
- What does Thairo do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Thairo?
- Thairo is a private limited company (BV).
- When was Thairo founded?
- Thairo was founded on 29-06-2017.
- Is Thairo still active?
- Yes, Thairo is an active enterprise in the KBO register.
- What is the turnover of Thairo?
- The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €99,782 and 111 comparable companies (NACE 41001). It probably lies between €380,000 and €860,000.Financials
- Is Thairo profitable?
- In financial year 2025, Thairo made a profit of €66,673.
- Where can I find the annual accounts of Thairo?
- Thairo filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Thairo due?
- Thairo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.