ThD Solutions

Active

Private limited companyfounded 20214 yrs activeRue Florikosse 28, 4802 Verviers, BelgiumKBO/BCE: BE 0777.936.634

The computed 12-month bankruptcy probability of ThD Solutions is 2.3% (moderate). The 2025 annual accounts show equity of €151k and a net result of €27k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 27386 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

94 / 100

Excellent▲ +1 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability88▲+21

Solvency83▼-13

Growth52=

Stability94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity ample (current ratio 3.41 against 2.27 in 2024), but 60.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

39.2%

Return on assets

6.9%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

15 d early

2024

29 d late

2023

30 d late

2022

29 d late

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€151k▲ 21.3%

2024 · €125k

2022: €68k 2023: €108k 2024: €125k

2022 → 2025

Total assets

€386k▲ 62.8%

2024 · €237k

2022: €211k 2023: €226k 2024: €237k

2022 → 2025

Net result

€27k▲ 59.0%

2024 · €17k

2022: €63k 2023: €40k 2024: €17k

2022 → 2025

Working capital

€128k▲ 68.6%

2024 · €76k

2022: €22k 2023: €22k 2024: €76k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€68k-€108k▲ 59.7%€125k▲ 15.4%€151k▲ 21.3%

Operating result€86k-€49k▼ 43.6%€29k▼ 40.9%€41k▲ 42.9%

Net result€63k-€40k▼ 35.5%€17k▼ 58.7%€27k▲ 59.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 43% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €386k

53.0%

47.0%

Fixed assets €205k▲ 102%

Current assets €181k▲ 33.5%

Equity and liabilities €386k

39.2%

60.8%

Equity €151k▲ 21.3%

Debt €235k▲ 109%

The debt ratio rises from 47.4% to 60.8%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€73k▲

2024 · €58k

Cash flow

€58k▲

2024 · €46k

Solvency

39.2%▼

2024 · 52.6%

Current ratio

3.41▲

2024 · 2.27

Quick ratio

3.27▲

2024 · 2.03

Debt / equity

1.55▲

2024 · 0.90

ROE

17.5%▲

2024 · 13.4%

ROA

6.9%▼

2024 · 7.0%

Interest coverage

9.35▲

2024 · 9.23

Debt

€235k▲

2024 · €112k

Debt ≤ 1 year

€53k▼

2024 · €60k

Debt > 1 year

€182k▲

2024 · €53k

Income taxes

€7k▲

2024 · €6k

Staff costs

€-51▼

2024 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€237k€386k▲

Fixed assets21/28€101k€205k▲

Tangible fixed assets22/27€96k€200k▲

Land and buildings22€41k€169k▲

Plant, machinery and equipment23€20k€12k▼

Furniture and vehicles24€35k€19k▼

Financial fixed assets28€5k€5k=

Current assets29/58€136k€181k▲

Stocks and contracts in progress3€15k€7k▼

Stocks30/36€15k€7k▼

Amounts receivable within one year40/41€55k€18k▼

Trade receivables40€47k€7k▼

Other amounts receivable41€7k€11k▲

Cash at bank and in hand54/58€66k€155k▲

Deferred charges and accrued income490/1€283€965▲

Equity and liabilities

Total equity and liabilities10/49€237k€386k▲

Equity10/15€125k€151k▲

Contributions10/11€5k€5k=

Reserves13€120k€146k▲

Distributable reserves133€120k€146k▲

Amounts payable17/49€112k€235k▲

Amounts payable after more than one year17€53k€182k▲

Financial debts170/4€53k€182k▲

Amounts payable within one year42/48€60k€53k▼

Current portion of amounts payable after more than one year42€31k€31k▼

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€23k€12k▼

Suppliers440/4€23k€12k▼

Taxes, remuneration and social security45€2k€2k▼

Taxes450/3€830€647▼

Remuneration and social security454/9€1k€1k=

Other amounts payable47/48€4k€8k▲

Income statement Code20242025

Remuneration, social security and pensions62€6k€-51▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€32k▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€67k€75k▲

Operating profit (loss)9901€29k€41k▲

Financial income75/76B€474€519▲

Recurring financial income75€474€519▲

Non-recurring financial income76B€0-

Financial charges65/66B€6k€8k▲

Recurring financial charges65€6k€8k▲

Profit (loss) for the period before taxes9903€23k€34k▲

Income taxes67/77€6k€7k▲

Profit (loss) for the period9904€17k€27k▲

Profit (loss) for the period to be appropriated9905€17k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€27k▲

Transfer to equity691/2€17k€27k▲

To other reserves6921€17k€27k▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €150kEq €151k ▲21.3%

4 profitable years in a row build equity to €151k.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €17k ▼58.7%

Net result drops to €17k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Equity above €100kEq €108k ▲59.7%

2 profitable years in a row build equity to €108k.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Verviers · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Florikosse 284802 Verviers

Ground area

1,831 m²

Building footprint

155 m²

Volume, LiDAR

795 m³

Parcel 63036A0155/00L000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

ThD Solutions

Rue Florikosse 28, 4802 VerviersGeneral construction of buildings

since 20212.326.779.679

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63036A0155/00L000	Wallonia	1,831 m²	1 · 155 m²	7.5 m · 2 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

GKA Tech.

BE 0659.999.381

Sint-Jans-Molenbeek · Eq €151k

RENOMAX

BE 0875.725.205

Anzegem · Eq €151k

LUBBEEKSE BOUW-EN RENOVATIEWERKEN

Of 15,430 companies in sector 43990 we hold annual accounts for 7,352. 6,004 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-12-2021

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

Website:www.thd-solutions.be

Enterprise

E-mail:info@thd-solutions.be

Enterprise