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Complete company report
Generated 03-09-2026
Active BE 0867.547.016Private limited company

THAU

Rijweg 169 ·3020 Herent, Belgium· 21 yrs active
Sector: Markt- en opinieonderzoek (73200)
Conclusion Checked

The file of THAU contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records legal situation 091 for THAU (Register: special situation); this is today's state according to the register itself, which carries no start date. The computed 12-month bankruptcy probability is 11.3% (high). The 2025 annual accounts show equity of €198k and a net result of €13k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €198k
Net result €13k
Staff (FTE) 32
Active 21 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health23Profitability33Solvency17Growth52Stability30
31 / 100

Fragile profile, watch solvency in particular.

All 5 axes are computed from data Checked has read.

Health 23
Profitability 33
Solvency 17
Growth 52
Stability 30
Bankruptcy probability (12 mo) Checked model v1 · free
11.3% High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record +Recent warning signals +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
10 / 100
Elevated riskRegister: special situation
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 091 for this company; it does not feed the figure above.
Components
· 1 judicial reorganisation (+10)
Trust signals 2 signals
Register: special situation
The KBO register records legal situation 091 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
23 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview20 NBB filings
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
€0€100k€200kOperating result 2024: €202k€202kNet result 2024: €30k€30kOperating result 2025: €200k€200kNet result 2025: €13k€13k20242025
Operating resultNet result
EBITDA
€222k
+7.5% 24-25
Net profit
€13k
-56.8% 24-25
Cash flow
€35k
+1.7% 24-25
Total assets
€5.02M
+10.7% 24-25
Equity
€198k
+7.0% 24-25
Working capital
€674k
+67.4% 24-25
Employees (FTE)
32
-2.4% 24-25
Staff costs
€1.84M
-1.9% 24-25
Income taxes
€37k
- 24-25
Debt
€4.82M
+10.8% 24-25
Debt ≤ 1y
€4.19M
+4.1% 24-25
Debt > 1y
€328k
+145.8% 24-25
Current ratio
1.16
+5.5% 24-25
Quick ratio
1.10
+4.5% 24-25
Solvency
3.9%
-3.3% 24-25
Debt / equity
24.40
+3.6% 24-25
ROE
6.5%
-59.6% 24-25
ROA
0.3%
-60.9% 24-25
Interest coverage
1.17
-19.6% 24-25
Figures by fiscal year
Fiscal year2025
Depositabbreviated schema
Revenue-
EBITDA€222k
Net profit€13k
Cash flow€35k
Staff costs€1.84M
Income taxes-
Dividends-
Total assets€5.02M
Equity€198k
Debt€4.82M
of which ≤ 1y€4.19M
of which > 1y€328k
Working capital€674k
Employees (FTE)32.0
Ratios (computed)
2025
Current ratio1.16
Quick ratio1.10
Working capital ratio13.4%
Solvency3.9%
Debt / equity24.40
Long-term debt ratio1.66
Interest coverage1.17
Gross margin-
Net margin-
ROA0.3%
ROE6.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€5.02M
Fixed assets 21/28€99k
Formation expenses 20€57k
Tangible fixed assets 22/27€51k
Financial fixed assets 28€48k
Current assets 29/58€4.86M
Stocks & contracts in progress 3€260k
Amounts receivable within one year 40/41€4.27M
Investments 50/53€1k
Cash & bank 54/58€144k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€5.02M
Equity 10/15€198k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€177k
Amounts payable 17/49€4.82M
Amounts payable after one year 17€328k
Amounts payable within one year 42/48€4.19M
Trade debts payable within one year 44€2.94M
Income statement
Gross operating margin 9900€2.22M
Operating result 9901€200k
Financial income 75€2k
Financial charges 65€189k
Result before taxes 9903€13k
Net result for the period 9904€13k
Result to be appropriated 9905€13k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Markt- en opinieonderzoek(73200)
Legal form Private limited company(610)
Incorporation28-09-2004
StatusActive
Postal code3020
First insolvency signal 03-03-2026
Latest insolvency signal 03-03-2026
Establishment units 1 location
THAU
Rijweg 169, 3020 Herenthet onderzoek naar de omvang van de markt voor bepaalde producten, de ontvangst en de bekendheid van producten en koopgewoonten, met het oog op de verkoopbevordering en de ontwikkeling van nieuwe prod
since 20042.142.531.842
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24423H0194/00E003 Flanders 9,612 m² 1 · 129 m² 6.5 m · 2 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
31-08-2026 NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
03-03-2026 Judicial reorganisation Opening
Ondernemingsrechtbank Leuven · collectif_pme · event 26-02-2026
2025
27-05-2025 NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08-2024 NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08-2023 NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-09-2022 NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07-2021 NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-09-2020 NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-08-2019 NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08-2018 NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-10-2017 NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Lifecycle & Insolvency Signals1 events
03-03-2026
Judicial reorganisation Opening
Date: 26-02-2026 · Ondernemingsrechtbank Leuven · collectif_pme · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-03-03 · Judicial reorganisation · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Markt- en opinieonderzoek73200Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Marktonderzoekbureaus74131Schrijnwerk43320Overige werkzaamheden in verband met de afwerking van gebouwen43350Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Public relationsbureaus74141Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Organisatie van salons, tentoonstellingen en beurzen74872Organisatie van congressen en beurzen82300
Primary activity highlighted.
Names & trade names
Legal nameNL THAU
Registered office
Rijweg 169
3020 Herent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative