THELIUS
ActiveSummary
THELIUS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €15k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 23% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-27
Solvency31=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.05 in 2024; short-term debt: 91.3% and cash: 21.4% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1004 sector peers (2025).
NBB · sector comparisonPosition among 1004 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · 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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €26k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-02-2026, 20 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
20 d late
2024
40 d late
2023
27 d late
2022
21 d late
2021
21 d late
2020
16 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▼ 86.0%
2024 · €105k
2019: €-25k
2020: €8k▲ +130% vs 2019
2021: €150k▲ +1846% vs 2020highest in 7 years
2022: €121k▼ -19.8% vs 2021
2023: €-28k▼ -123% vs 2022lowest in 7 years
2024: €105k▲ +476% vs 2023
2025: €15k▼ -86.0% vs 2024
2019 → 2025
Working capital
€32k▲ 75.8%
2024 · €18k
2019: €18k
2020: €22k▲ +20.9% vs 2019
2021: €31k▲ +40.1% vs 2020
2022: €36k▲ +15.4% vs 2021highest in 7 years
2023: €5k▼ -86.2% vs 2022lowest in 7 years
2024: €18k▲ +267% vs 2023
2025: €32k▲ +75.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€29k▲ 2.2%€719▼ 97.5%€26k▲ 3,472%€26k▲ 0.4%
2021: €28k
2022: €29k▲ +2.2% vs 2021highest in 5 years
2023: €719▼ -97.5% vs 2022lowest in 5 years
2024: €26k▲ +3472% vs 2023
2025: €26k▲ +0.4% vs 2024
Operating result€151k-€122k▼ 19.1%€-30k€106k€15k▼ 85.5%
2021: €151khighest in 5 years
2022: €122k▼ -19.1% vs 2021
2023: €-30k▼ -124% vs 2022lowest in 5 years
2024: €106k▲ +455% vs 2023
2025: €15k▼ -85.5% vs 2024
Net result€150k-€121k▼ 19.8%€-28k€105k€15k▼ 86.0%
2021: €150khighest in 5 years
2022: €121k▼ -19.8% vs 2021
2023: €-28k▼ -123% vs 2022lowest in 5 years
2024: €105k▲ +476% vs 2023
2025: €15k▼ -86.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€5k ▼ 41.2%
Current assets
€410k ▲ 5.3%
Equity and liabilities €415k
Equity
€26k ▲ 0.4%
Debt
€389k ▲ 4.7%
Debt's share of the balance-sheet total rises from 93.5% to 93.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €108k
Cash flow
€18k▼
2024 · €107k
Current ratio
1.08▲
2024 · 1.05
Debt to equity
15.07▲
2024 · 14.46
ROE
56.8%▼
2024 · 408.7%
ROA
3.5%▼
2024 · 26.4%
Interest coverage
31.10▼
2024 · 122.24
Debt ≤ 1 year
€379k▲
2024 · €371k
Income taxes
€638▼
2024 · €2k
Staff costs
€62k▲
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€397k€415k▲
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€4k▼
Furniture and vehicles24€8k€4k▼
Financial fixed assets28€100€100=
Current assets29/58€389k€410k▲
Amounts receivable within one year40/41€243k€311k▲
Trade receivables40€243k€311k▲
Cash at bank and in hand54/58€140k€89k▼
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€397k€415k▲
Equity10/15€26k€26k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€5k▲
Amounts payable17/49€371k€389k▲
Amounts payable within one year42/48€371k€379k▲
Trade debts44€249k€238k▼
Suppliers440/4€249k€238k▼
Taxes, remuneration and social security45€41k€44k▲
Taxes450/3€35k€34k▼
Remuneration and social security454/9€6k€11k▲
Other amounts payable47/48€81k€96k▲
Accrued charges and deferred income492/3-€10k
Income statement
Code20242025
Remuneration, social security and pensions62€58k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€5k€387▼
Gross operating margin9900€171k€81k▼
Operating profit (loss)9901€106k€15k▼
Financial income75/76B€1k€433▼
Recurring financial income75€1k€433▼
Financial charges65/66B€885€599▼
Recurring financial charges65€885€599▼
Profit (loss) for the period before taxes9903€107k€15k▼
Income taxes67/77€2k€638▼
Profit (loss) for the period9904€105k€15k▼
Profit (loss) for the period to be appropriated9905€105k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€20k▼
Profit (loss) brought forward from the previous period14P€-20k€5k▲
Profit to be distributed694/7€80k€15k▼
Directors or managers695€80k€15k▼
Social balance
Average headcount (FTE)908757,520.21.3▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €77k | €75k | €58k | €62k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €700 | €700 | €2k | €3k | ▲ 65.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10k | €-11k | - | - | - |
| Other operating charges640/8 | - | €3k | €415 | €5k | €387 | ▼ 92.3% |
| Gross operating margin9900 | €158k | €213k | €35k | €171k | €81k | ▼ 52.6% |
| Operating profit (loss)9901 | €151k | €122k | €-30k | €106k | €15k | ▼ 85.5% |
| Financial income75/76B | - | €603 | €3k | €1k | €433 | ▼ 68.8% |
| Recurring financial income75 | €183 | €603 | €3k | €1k | €433 | ▼ 68.8% |
| Financial charges65/66B | - | €1k | €1k | €885 | €599 | ▼ 32.3% |
| Recurring financial charges65 | €1k | €1k | €1k | €885 | €599 | ▼ 32.3% |
| Profit (loss) for the period before taxes9903 | €150k | €122k | €-28k | €107k | €15k | ▼ 85.7% |
| Income taxes67/77 | - | €1k | - | €2k | €638 | ▼ 65.2% |
| Profit (loss) for the period9904 | €150k | €121k | €-28k | €105k | €15k | ▼ 86.0% |
| Profit (loss) for the period to be appropriated9905 | €150k | €121k | €-28k | €105k | €15k | ▼ 86.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €425k | €418k | €325k | €397k | €415k | ▲ 4.4% |
| Fixed assets21/28 | €1k | €800 | €100 | €8k | €5k | ▼ 41.2% |
| Tangible fixed assets22/27 | €1k | €700 | - | €8k | €4k | ▼ 41.7% |
| Furniture and vehicles24 | - | €700 | - | €8k | €4k | ▼ 41.7% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €423k | €417k | €325k | €389k | €410k | ▲ 5.3% |
| Amounts receivable within one year40/41 | €285k | €313k | €212k | €243k | €311k | ▲ 28.3% |
| Trade receivables40 | - | €313k | €212k | €243k | €311k | ▲ 28.3% |
| Cash at bank and in hand54/58 | €130k | €97k | €105k | €140k | €89k | ▼ 36.4% |
| Deferred charges and accrued income490/1 | - | €7k | €7k | €7k | €10k | ▲ 43.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €425k | €418k | €325k | €397k | €415k | ▲ 4.4% |
| Equity10/15 | €28k | €29k | €719 | €26k | €26k | ▲ 0.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €8k | €8k | €-20k | €5k | €5k | ▲ 2.2% |
| Amounts payable17/49 | €397k | €389k | €324k | €371k | €389k | ▲ 4.7% |
| Amounts payable within one year42/48 | €393k | €381k | €320k | €371k | €379k | ▲ 1.9% |
| Trade debts44 | €190k | €226k | €278k | €249k | €238k | ▼ 4.2% |
| Suppliers440/4 | - | €226k | €278k | €249k | €238k | ▼ 4.2% |
| Taxes, remuneration and social security45 | - | €35k | €40k | €41k | €44k | ▲ 7.4% |
| Taxes450/3 | - | €22k | €34k | €35k | €34k | ▼ 4.1% |
| Remuneration and social security454/9 | - | €13k | €6k | €6k | €11k | ▲ 72.4% |
| Other amounts payable47/48 | - | €121k | €1k | €81k | €96k | ▲ 17.9% |
| Accrued charges and deferred income492/3 | - | €8k | €4k | - | €10k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €150k | €121k | €-28k | €105k | €15k | ▼ 86.0% |
| + Depreciation and write-downs630 | €13k | €700 | €700 | €2k | €3k | ▲ 65.6% |
| Operating cash flow (approximation) | €164k | €121k | €-27k | €107k | €18k | ▼ 83.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-33k | €8k | €34k | €-51k | ▼ 249% |
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
Next filing, fiscal year 2026, expected by
2026
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 40 days late
2024
30-06
Financial
Back to profitnet €105k
Net result €105k after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
30-06
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
30-06
Financial
Highest result since 2019net €150k ▲1,846%
Operating result €151k, net result €150k, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Brussel · 1 establishment unit since 2009
Ground area
2,020 m²
Building footprint
1,204 m²
Volume, LiDAR
20,786 m³
Parcel 21808H1887/00A000, Brussels · tallest building 25.6 m, ±7 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
THELIUS
since 20092.227.848.191
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1887/00A000 | Brussels | 2,020 m² | 1 · 1,204 m² | 25.6 m · 7 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,491 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
Founded02-04-2003
Fiscal year end30-06
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.