Thaye
ActiveSummary
Thaye has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,307 and a net result of €13,275. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+16
Solvency39▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.73 in 2023; short-term debt: 75.6% and cash: 10.4% of total assets), and 86.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · 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
13.9%
Return on assets
15%
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 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
14 d late
2022
11 d late
2021
29 d late
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,307
2023 · -€969
Total assets
€88,696▲ 43.9%
2023 · €61,626
Net result
€13,275▲ 55.8%
2023 · €8,523
Working capital
€11,631
2023 · -€16,706
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€204€9,063▲ 4,343%€7,190▼ 20.7%€12,168▲ 69.2%€15,979▲ 31.3%
Net result-€691within the sector's middle half▲ 96.1%€7,432within the sector's middle half€5,232within the sector's middle half▼ 29.6%€8,523within the sector's middle half▲ 62.9%€13,275within the sector's middle half▲ 55.8%
Equity-€22,155below the sector's middle half▼ 3.2%-€14,723below the sector's middle half▲ 33.5%-€9,491below the sector's middle half▲ 35.5%-€969below the sector's middle half▲ 89.8%€12,307within the sector's middle half
Total assets€23,679below the sector's middle half▼ 12.9%€43,357below the sector's middle half▲ 83.1%€40,921below the sector's middle half▼ 5.6%€61,626within the sector's middle half▲ 50.6%€88,696within the sector's middle half▲ 43.9%
Debt€45,834▼ 5.8%€58,080▲ 26.7%€50,412▼ 13.2%€62,594▲ 24.2%€76,390▲ 22.0%
Working capital-€29,259below the sector's middle half▼ 5.9%-€19,653below the sector's middle half▲ 32.8%-€13,344below the sector's middle half▲ 32.1%-€16,706below the sector's middle half▼ 25.2%€11,631within the sector's middle half
Solvency-93.6%below the sector's middle half▼ 14.7pp-34.0%below the sector's middle half▲ 59.6pp-23.2%below the sector's middle half▲ 10.8pp-1.6%below the sector's middle half▲ 21.6pp13.9%within the sector's middle half▲ 15.4pp
Current ratio0.36below the sector's middle half▼ 0.070.66below the sector's middle half▲ 0.300.74below the sector's middle half▲ 0.070.73below the sector's middle half=1.17within the sector's middle half▲ 0.44
Return on assets (ROA)-2.9%below the sector's middle half▲ 62.7pp17.1%above the sector's middle half▲ 20.1pp12.8%above the sector's middle half▼ 4.4pp13.8%above the sector's middle half▲ 1.0pp15.0%above the sector's middle half▲ 1.1pp
Staff (FTE)0.5
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88,696
Fixed assets
€10,026 ▼ 36.3%
Current assets
€78,671 ▲ 71.4%
Equity and liabilities €88,696
Equity
€12,307
Debt
€76,390
Debt finances 86.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€20,684▲
2023 · €14,866
Cash flow
€17,980▲
2023 · €11,220
Quick ratio
0.58▲
2023 · 0.25
Debt to equity
6.21
ROE
107.9%
Interest coverage
8.07▲
2023 · 4.14
Debt ≤ 1 year
€67,040▲
2023 · €62,594
Income taxes
€140▲
2023 · €55
Staff costs
€16,164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €16,164 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,757 | €2,175 | €1,077 | €2,697 | €4,705 | ▲ 74.4% |
| Other operating charges640/8 | - | €4,268 | €3,442 | €7,379 | €2,426 | ▼ 67.1% |
| Gross operating margin9900 | €5,302 | €15,506 | €11,709 | €22,245 | €39,274 | ▲ 76.6% |
| Operating profit (loss)9901 | €204 | €9,063 | €7,190 | €12,168 | €15,979 | ▲ 31.3% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▼ 66.7% |
| Recurring financial income75 | - | €0 | €0 | €0 | €0 | ▼ 66.7% |
| Financial charges65/66B | - | €1,631 | €1,959 | €3,591 | €2,564 | ▼ 28.6% |
| Recurring financial charges65 | €895 | €1,631 | €1,959 | €3,591 | €2,564 | ▼ 28.6% |
| Profit (loss) for the period before taxes9903 | -€691 | €7,432 | €5,232 | €8,578 | €13,415 | ▲ 56.4% |
| Income taxes67/77 | - | - | - | €55 | €140 | ▲ 155% |
| Profit (loss) for the period9904 | -€691 | €7,432 | €5,232 | €8,523 | €13,275 | ▲ 55.8% |
| Profit (loss) for the period to be appropriated9905 | -€691 | €7,432 | €5,232 | €8,523 | €13,275 | ▲ 55.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,679 | €43,357 | €40,921 | €61,626 | €88,696 | ▲ 43.9% |
| Fixed assets21/28 | €7,104 | €4,930 | €3,853 | €15,737 | €10,026 | ▼ 36.3% |
| Intangible fixed assets21 | €1,405 | €854 | €305 | €0 | - | - |
| Tangible fixed assets22/27 | €3,199 | €1,575 | €1,048 | €12,230 | €7,526 | ▼ 38.5% |
| Plant, machinery and equipment23 | - | €1,575 | €1,048 | €540 | €360 | ▼ 33.3% |
| Furniture and vehicles24 | - | €0 | - | €11,690 | €7,166 | ▼ 38.7% |
| Financial fixed assets28 | €2,500 | €2,500 | €2,500 | €3,507 | €2,500 | ▼ 28.7% |
| Current assets29/58 | €16,575 | €38,428 | €37,068 | €45,889 | €78,671 | ▲ 71.4% |
| Stocks and contracts in progress3 | €12,640 | €30,000 | €30,000 | €30,000 | €40,000 | ▲ 33.3% |
| Stocks30/36 | - | €30,000 | €30,000 | €30,000 | €40,000 | ▲ 33.3% |
| Amounts receivable within one year40/41 | €2,809 | €1,826 | €1,422 | €10,161 | €28,105 | ▲ 177% |
| Trade receivables40 | - | €124 | €124 | €124 | €124 | = |
| Other amounts receivable41 | - | €1,702 | €1,298 | €10,037 | €27,981 | ▲ 179% |
| Cash at bank and in hand54/58 | €613 | €6,089 | €5,133 | €3,718 | €9,226 | ▲ 148% |
| Deferred charges and accrued income490/1 | - | €513 | €513 | €2,009 | €1,339 | ▼ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,679 | €43,357 | €40,921 | €61,626 | €88,696 | ▲ 43.9% |
| Equity10/15 | -€22,155 | -€14,723 | -€9,491 | -€969 | €12,307 | ▲ 1,371% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €389 | €389 | €389 | €389 | €389 | = |
| Non-distributable reserves130/1 | - | €389 | €389 | €389 | €389 | = |
| Reserves not available under the articles1311 | - | €389 | €389 | €389 | €389 | = |
| Profit (loss) carried forward14 | -€41,144 | -€33,712 | -€28,480 | -€19,957 | -€6,682 | ▲ 66.5% |
| Amounts payable17/49 | €45,834 | €58,080 | €50,412 | €62,594 | €76,390 | ▲ 22.0% |
| Amounts payable within one year42/48 | €45,834 | €58,080 | €50,412 | €62,594 | €67,040 | ▲ 7.1% |
| Trade debts44 | €2,669 | €4,768 | €20,541 | €10,793 | €18,304 | ▲ 69.6% |
| Suppliers440/4 | - | €4,768 | €20,541 | €10,793 | €18,304 | ▲ 69.6% |
| Taxes, remuneration and social security45 | - | - | €1,763 | €2,563 | €6,196 | ▲ 142% |
| Taxes450/3 | - | - | €1,763 | €2,563 | €2,152 | ▼ 16.0% |
| Remuneration and social security454/9 | - | - | - | - | €4,043 | - |
| Other amounts payable47/48 | - | €53,313 | €28,108 | €49,238 | €42,541 | ▼ 13.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9,350 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€691 | €7,432 | €5,232 | €8,523 | €13,275 | ▲ 55.8% |
| + Depreciation and write-downs630 | €1,757 | €2,175 | €1,077 | €2,697 | €4,705 | ▲ 74.4% |
| Operating cash flow (approximation) | €1,066 | €9,607 | €6,308 | €11,220 | €17,980 | ▲ 60.2% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | -€14,582 | €1,007 | ▲ 107% |
| Change in cash | - | €5,476 | -€956 | -€1,414 | €5,508 | ▲ 490% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €13,275 ▲55.8%
Operating result €15,979, net result €13,275, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €7,432
Net result €7,432 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€17,851
Net result drops to -€17,851, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Antwerpen · 1 establishment unit since 2010
Ground area
88 m²
Building footprint
79 m²
Volume, LiDAR
711 m³
Parcel 11805E0508/00K006, Flanders · tallest building 16.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Thaye
since 20102.184.745.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0508/00K006 | Flanders | 88 m² | 1 · 79 m² | 16.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.184.745.054
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 3,676 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
Founded13-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
Phone
03/2362418Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820511914
Also
9925:BE0820511914
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.