Thelan Invest

Active

Public limited companyfounded 1983active for 43 yearsHekkestraat 16A, 9308 Aalst, BelgiumKBO/BCE: BE 0425.366.378

Summary

Thelan Invest has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €387,608 and a net result of €49,591. Equity is shrinking by about 8.9% per year across the filed financial years. Its solvency ranks better than 25% of 2,435 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

Thelan InvestActiveChecked score 88/100

Risk analysis Report Compare

Activity

Joinery installation

NACE 43320

1 site

Size

€1.6mtotal assets 2025

Staff: 2 FTE
Equity: €387,608
Profit: €49,591

Financial health

88 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

2025 accounts 11 days early1 of 7 deeds summarised

Why 88raises riskSector: Specialised construction activities (NACE 43)Equity €387,608 (23.5% of total assets)lowers riskSize: total assets €1.6mFigures for financial year 2025 (filed 20-07-2026)Show the evidence

Checked score

Score 2025

88 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 36% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 49+1

equity 23.5% of total assets

Liquidity 36-7

short-term debt 39.2% · cash 3.5%

Profitability 67+13

return on assets 3.0%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,639 companies, NACE 43, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.41, compared with 0.27 in 2024, below 1; short-term debt: 39.2% and cash: 3.5% of total assets), and 76.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 25% on solvency, 24% on liquidity, 33% on profitability and 62% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Size: total assets €1.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Figures for financial year 2025 (filed 20-07-2026)

NBB · annual accounts

Equity €387,608 (23.5% of total assets)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2435 sector peers (2025).

NBB · sector comparison

Position among 2435 sector peers

Solvency

better than 25%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €387,608

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

11 days early

2024

14 days early

2023

30 days late

2022

18 days late

2021

30 days late

2020

81 days late

2019

33 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 18 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

20-07-2026 Annual accounts filedfinancial year 2025 · full…
17-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
30-08-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Active since 1983founded 24-02-1983 43 years View
Total assets 20256 financial years filed €1.6m View

By topic

Financials

Financial year: 2025
Total assets: €1.6m
Profit: €49,591
Solvency: 23.5%

Total assets▲ 11.9%

Net result

20182025

Go to Financials

Timeline

Events: 45
Since: 1985
Next accounts: by 31-07-2027

19-01-2024Resignations: Van Hecke Norbert, Van Hecke Thomas…
18-08-2023Annual accounts filed
31-12-2022Back to profit

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Joinery installationNACE 43320
Founded: 24-02-1983
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 20

Annual meeting: Third Saturday of June at 10:00
Purpose: “De aankoop, verkoop, huur en verhuur, in-en uitvoer, groot-en kleinhandel, leurhandel in…” (deed in Dutch)

Go to Articles of association

Key facts about Thelan Invest

What is the company number of Thelan Invest?: 0425.366.378. In Belgium the VAT number is the company number with BE in front: BE 0425.366.378.
Where is Thelan Invest based?: The registered office is at Hekkestraat 16A, 9308 Aalst.Company details
What does Thelan Invest do?: According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Thelan Invest?: Public limited company (NV).
When was Thelan Invest founded?: On 24-02-1983.
Is Thelan Invest still active?: Yes, Thelan Invest is an active enterprise in the KBO register.
How many employees does Thelan Invest have?: On average 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Thelan Invest?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Thelan Invest profitable?: In financial year 2025, Thelan Invest made a profit of €49,591.
Where can I find the annual accounts of Thelan Invest?: Thelan Invest filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Thelan Invest due?: By 31-07-2027, for financial year 2026.Timeline