THEUNIS
ActiveSummary
THEUNIS has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €12,695. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-21
Solvency59▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.55 in 2024; short-term debt: 57.4% and cash: 10.4% of total assets), and 66% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
26 d early
2023
28 d early
2022
40 d early
2021
12 d late
2020
42 d early
2019
7 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Hélécine#2 oldest company in Hélécine#3 company by equity in Hélécine
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,695▼ 92.4%
2024 · €167,889
Working capital
€891,239▼ 10.3%
2024 · €993,293
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€413,690▲ 21.1%€156,487▼ 62.2%€327,876▲ 110%€303,338▼ 7.5%€138,852▼ 54.2%
Net result€283,497within the sector's middle half▲ 2.7%€115,536within the sector's middle half▼ 59.2%€124,509within the sector's middle half▲ 7.8%€167,889within the sector's middle half▲ 34.8%€12,695within the sector's middle half▼ 92.4%
Equity€947,850within the sector's middle half▲ 37.4%€1.0mwithin the sector's middle half▲ 8.0%€1.1mwithin the sector's middle half▲ 8.3%€1.2mwithin the sector's middle half▲ 11.5%€1.2mwithin the sector's middle half▼ 2.2%
Total assets€3.2mwithin the sector's middle half▲ 3.6%€3.4mwithin the sector's middle half▲ 4.5%€3.3mwithin the sector's middle half▼ 1.4%€3.3mwithin the sector's middle half▼ 1.1%€3.6mwithin the sector's middle half▲ 8.0%
Debt€2.3m▼ 6.0%€2.4m▲ 3.1%€2.2m▼ 5.6%€2.1m▼ 7.5%€2.3m▲ 14.1%
Working capital€871,649within the sector's middle half▲ 28.7%€941,569within the sector's middle half▲ 8.0%€880,731within the sector's middle half▼ 6.5%€993,293within the sector's middle half▲ 12.8%€891,239within the sector's middle half▼ 10.3%
Solvency29.4%within the sector's middle half▲ 7.2pp30.3%within the sector's middle half▲ 1.0pp33.3%within the sector's middle half▲ 3.0pp37.6%within the sector's middle half▲ 4.3pp34.0%within the sector's middle half▼ 3.5pp
Current ratio1.45within the sector's middle half▲ 0.111.45within the sector's middle half▲ 0.011.47within the sector's middle half▲ 0.021.55within the sector's middle half▲ 0.081.44within the sector's middle half▼ 0.11
Return on assets (ROA)8.8%within the sector's middle half▼ 0.1pp3.4%within the sector's middle half▼ 5.4pp3.7%within the sector's middle half▲ 0.3pp5.1%within the sector's middle half▲ 1.4pp0.4%within the sector's middle half▼ 4.7pp
Staff (FTE)11.5within the sector's middle half▲ 18.6%11.6within the sector's middle half▲ 0.9%11.1within the sector's middle half▼ 4.3%10.1within the sector's middle half▼ 9.0%9.9within the sector's middle half▼ 2.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€621,666 ▲ 27.3%
Current assets
€2.9m ▲ 4.6%
Equity and liabilities €3.6m
Equity
€1.2m ▼ 2.2%
Debt
€2.3m ▲ 14.1%
Debt's share of the balance-sheet total rises from 62.4% to 66.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€233,131▼
2024 · €398,200
Cash flow
€106,974▼
2024 · €262,751
Quick ratio
0.67▼
2024 · 0.76
Debt to equity
1.94▲
2024 · 1.66
ROE
1.1%▼
2024 · 13.6%
Interest coverage
4.17▼
2024 · 6.25
Debt ≤ 1 year
€2.0m▲
2024 · €1.8m
Debt > 1 year
€304,426▲
2024 · €245,850
Income taxes
€70,283▼
2024 · €71,778
Staff costs
€524,361▲
2024 · €516,180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 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% | 1.9% |
| 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 17,039 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €535,331 | €520,821 | €537,002 | €516,180 | €524,361 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,341 | €56,439 | €105,984 | €94,862 | €94,279 | ▼ 0.6% |
| Other operating charges640/8 | €11,534 | €8,761 | €18,531 | €10,286 | €12,152 | ▲ 18.1% |
| Non-recurring operating charges66A | - | - | - | €16,198 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.0m | €742,508 | €989,393 | €940,864 | €769,644 | ▼ 18.2% |
| Operating profit (loss)9901 | €413,690 | €156,487 | €327,876 | €303,338 | €138,852 | ▼ 54.2% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €38,987 | €40,951 | €54,974 | €63,671 | €55,874 | ▼ 12.2% |
| Recurring financial charges65 | €38,987 | €40,951 | €54,974 | €63,671 | €55,874 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €374,703 | €115,536 | €272,902 | €239,667 | €82,978 | ▼ 65.4% |
| Income taxes67/77 | €91,206 | - | €148,393 | €71,778 | €70,283 | ▼ 2.1% |
| Profit (loss) for the period9904 | €283,497 | €115,536 | €124,509 | €167,889 | €12,695 | ▼ 92.4% |
| Profit (loss) for the period to be appropriated9905 | €283,497 | €115,536 | €124,509 | €167,889 | €12,695 | ▼ 92.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.4m | €3.3m | €3.3m | €3.6m | ▲ 8.0% |
| Fixed assets21/28 | €412,113 | €359,119 | €581,498 | €488,341 | €621,666 | ▲ 27.3% |
| Tangible fixed assets22/27 | €411,214 | €358,220 | €580,599 | €487,442 | €620,767 | ▲ 27.4% |
| Land and buildings22 | €338,118 | €315,455 | €292,793 | €270,131 | €469,233 | ▲ 73.7% |
| Plant, machinery and equipment23 | €8,466 | €6,393 | €33,438 | €35,658 | €29,863 | ▼ 16.3% |
| Furniture and vehicles24 | €64,630 | €36,372 | €254,368 | €181,653 | €121,671 | ▼ 33.0% |
| Financial fixed assets28 | €899 | €899 | €899 | €899 | €899 | = |
| Current assets29/58 | €2.8m | €3.0m | €2.7m | €2.8m | €2.9m | ▲ 4.6% |
| Stocks and contracts in progress3 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 9.3% |
| Stocks30/36 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 9.3% |
| Amounts receivable within one year40/41 | €776,405 | €852,195 | €842,267 | €928,704 | €995,719 | ▲ 7.2% |
| Trade receivables40 | €755,348 | €811,138 | €821,150 | €871,899 | €971,673 | ▲ 11.4% |
| Other amounts receivable41 | €21,057 | €41,057 | €21,117 | €56,805 | €24,046 | ▼ 57.7% |
| Cash at bank and in hand54/58 | €661,782 | €801,008 | €525,986 | €439,957 | €368,521 | ▼ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.4m | €3.3m | €3.3m | €3.6m | ▲ 8.0% |
| Equity10/15 | €947,850 | €1.0m | €1.1m | €1.2m | €1.2m | ▼ 2.2% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Issued capital100 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €48,784 | €48,784 | €48,784 | €48,784 | €48,784 | = |
| Non-distributable reserves130/1 | €44,373 | €44,373 | €44,373 | €44,373 | €44,373 | = |
| Legal reserve130 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Other1319 | €29,499 | €29,499 | €29,499 | €29,499 | €29,499 | = |
| Tax-exempt reserves132 | €4,411 | €4,411 | €4,411 | €4,411 | €4,411 | = |
| Profit (loss) carried forward14 | €750,330 | €825,866 | €910,375 | €1.0m | €1.0m | ▼ 2.6% |
| Amounts payable17/49 | €2.3m | €2.4m | €2.2m | €2.1m | €2.3m | ▲ 14.1% |
| Amounts payable after more than one year17 | €335,912 | €277,302 | €354,334 | €245,850 | €304,426 | ▲ 23.8% |
| Financial debts170/4 | €335,912 | €277,302 | €354,334 | €245,850 | €304,426 | ▲ 23.8% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €1.9m | €1.8m | €2.0m | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | €68,286 | €69,415 | €122,327 | €118,666 | €137,766 | ▲ 16.1% |
| Financial debts43 | €1.1m | €1.1m | €850,000 | €850,000 | €1.0m | ▲ 17.6% |
| Credit institutions430/8 | €1.1m | €1.1m | €850,000 | €850,000 | €1.0m | ▲ 17.6% |
| Trade debts44 | €607,924 | €719,845 | €741,033 | €688,866 | €736,745 | ▲ 7.0% |
| Suppliers440/4 | €607,924 | €719,845 | €741,033 | €688,866 | €736,745 | ▲ 7.0% |
| Taxes, remuneration and social security45 | €129,937 | €143,703 | €112,578 | €113,003 | €127,735 | ▲ 13.0% |
| Taxes450/3 | €73,255 | €79,166 | €53,728 | €52,895 | €64,860 | ▲ 22.6% |
| Remuneration and social security454/9 | €56,682 | €64,537 | €58,850 | €60,108 | €62,875 | ▲ 4.6% |
| Other amounts payable47/48 | €38,570 | €40,300 | €38,154 | €36,403 | €34,952 | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283,497 | €115,536 | €124,509 | €167,889 | €12,695 | ▼ 92.4% |
| + Depreciation and write-downs630 | €57,341 | €56,439 | €105,984 | €94,862 | €94,279 | ▼ 0.6% |
| Operating cash flow (approximation) | €340,838 | €171,975 | €230,493 | €262,751 | €106,974 | ▼ 59.3% |
| Investment in fixed assets (approximation) | - | -€3,445 | -€328,363 | -€1,705 | -€227,604 | ▼ 13,249% |
| Change in cash | - | €139,226 | -€275,022 | -€86,029 | -€71,436 | ▲ 17.0% |
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
07-09
State Gazette act
Appointment: Stefan Theunis (day-to-day manager)Resignation: Rita Deprez (day-to-day manager)5 facts ▸
State Gazette act
Appointment: Stefan Theunis (day-to-day manager)
Resignation: Rita Deprez (day-to-day manager)5 facts ▸
- General meeting, 20-08-2026
- Director appointment, Stefan Theunis (day-to-day manager)
- Director appointment, Stefan Theunis (managing director)
- Director resignation, Rita Deprez (day-to-day manager)
- Director resignation, Rita Deprez (managing director)
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €12,695 ▼92.4%
Net result drops to €12,695, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲8%
5 profitable years in a row build equity to €1.0m.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
31-12
Financial
Highest result since 2018net €283,497 ▲2.7%
Operating result €413,690, net result €283,497, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500,000Eq €690,067 ▲57%
3 profitable years in a row build equity to €690,067.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
Stefan Theunis
CurrentManaging director · since 20-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hélécine · 1 establishment unit since 1973
Ground area
4,669 m²
Building footprint
2,344 m²
Parcel 25057F0036/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
THEUNIS
since 19732.008.336.894
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25057F0036/00D000 | Wallonia | 4,669 m² | 1 · 2,344 m² | - |
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.
Mandate history
2 people since 2026, 1 in office
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Stefan Theunis |
|
| Rita Deprez |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
549300MC65JVQ0OKV028
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 986 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1973
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
47523Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413481306
Also
9925:BE0413481306
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.