Equity
€1.2m ▼ 40.8%
Theuco paid out €1.1m in dividends. That is 396% of the 2025 profit.
Theuco
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1985peak €2.0m (2022)
€1.1m▼ 0.2%
lowest -€101,431 (2008)
€268,230▲ 0.4%
peak €1.9m (2024)
€1.2m▼ 40.8%
€3.2m▲ 28.4%
peak 15 FTE (2025)
15 FTE▲ 17.2%
Board3 names since 2021
2 directorsVeda and 1 other
Owners
Documentsfilings and deeds
23-01-20268 days before the deadline
2025abbreviated format
Staff from 12.8 FTE to 15 FTEDividend €1.1mEquity from €1.9m to €1.2mDebts from €2.5m to €3.2mCash from €560,170 to €267,109
Key points
from the 2025 annual accountsDebts
€3.2m 71% of the balance sheet
Financial debts 23%Suppliers 29%Taxes and wages 3%Other 46%
€854,025 of the debts are secured on the company's own assets. In 2022 that was €1.2m.
Staff
17 employees on 30-06-2025
In 2025, 15 people joined and 11 left.
Filings
39 annual accounts since 1985
The last five annual accounts were filed 8 to 49 days before the end of the period.
At the same address
22 companies
Position in the sector
€268,230
Higher net result than 92% of companies in retail trade. Sector median €27,442 · 12,842 companies.
Checked score
86
Excellent
Financially stronger than 40% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.2%▲ +0.1 percentage points 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: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.40, cash €267,109, halved
Sector: Retail trade (NACE 47)
lowers risk
Founded in 1984
Profit of €268,230 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 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 47, small). It does better than 44% of them on solvency, 34% on liquidity, 70% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as Theuco has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Theuco itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for Theuco. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.4 (1.96 in 2024), below the usual 1.5. Short-term debt is 50.1% and cash 6% of total assets. 74.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
49 days early
2023
14 days early
2022
48 days early
2021
40 days early
2020
66 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 22 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426532259
Appointment: Roland DELHAES (director)
Permanent representative: Paul VANHONSEBROUCK · General meeting of 26-04-2022 · Gazette deed
1 director resigning, 1 reappointment
Reappointment: VEDA · Permanent representative: Paul Vanhonsebrouck · Resignation: Samira LAAMOURI · General meeting of 30-11-2021 · Gazette deed
First establishment
AD Delhaize, Avenue Reine Astrid 15, Theux
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Theuco Ingelmunster | €4.5m | €1.1m | 25.8% | 15 |
| SELFSERVICE WEEKEND Koksijde | €4.5m | €0.9m | 74.8% | 14.3 |
| Velga Izegem | €3.9m | €1.5m | 46.8% | 15.8 |
| Supermarkt ELITE Opwijk | €3.3m | €1.1m | 27.0% | 14.5 |
| HOVAN Herselt | €5.0m | €1.6m | 30.7% | 16 |
| ZELFBEDIENING JANSSENS Stabroek | €3.4m | €0.9m | 33.5% | 16.2 |
| LENDAL Ingelmunster | €4.6m | €1.8m | 33.2% | 15.2 |
These companies have the same main activity as Theuco: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3.3m and €5m, founded between 1980 and 1987.
Official details
Source: KBO- Status
- Active since 31-03-1984Normal situation
- Registered office
- 23 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committees
- 201Independent retail
- 119Food trade · annual accounts 30-06-2025
- Establishment unit
- 2.026.157.1804910 Theux, since 09-12-1988
- Financial year end
- 30 June
- Peppol
- Reachable since 30-09-2025
Annual accounts to 30-06-2025
- ≈ €7.5mestimated
- €4.5m▼ 2.6%
- Employeeson 30-06-2025
- 17▲ 30.8%
- Filing
- Filed on 23-01-2026, 8 days before the end of the filing period
Insights on Theuco
Theuco files the abbreviated format. That format states no turnover. The gross margin rose from €366,820 in 2007 to €1.1m in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Theuco
- What is the company number of Theuco?
- The company number of Theuco is 0426.532.259. The VAT number is the same number with BE in front: BE 0426.532.259.
- Where is Theuco based?
- The registered office is at Nijverheidstraat 2A, 8770 Ingelmunster.Company details
- What does Theuco do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of Theuco?
- Theuco is a public limited company (NV).
- When was Theuco founded?
- Theuco was founded on 31-03-1984.
- Is Theuco still active?
- Yes, Theuco is an active enterprise in the KBO register.
- How many employees does Theuco have?
- Theuco had an average of 15 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Theuco fall under?
- In its 30-06-2025 annual accounts, Theuco states joint committees 201 (Independent retail) and 119 (Food trade).
- What is the turnover of Theuco?
- The turnover in financial year 2025 is ≈ €7.5m. This figure is estimated from the gross margin of €1.1m and 30 comparable companies (NACE 471). It probably lies between €4.6m and €9.0m.
- Is Theuco profitable?
- In financial year 2025, Theuco made a profit of €268,230.
- Where can I find the annual accounts of Theuco?
- Theuco filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Theuco due?
- Theuco must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.