THI-CON

Active

Private limited companyfounded 2025incorporated this yearSint-Arnolduslaan 74, 8200 Brugge, BelgiumKBO/BCE: BE 1028.174.264

THI-CON is younger than twelve months; there is no public track record yet to compute a bankruptcy probability from. The 2025 annual accounts show equity of €22k and a net result of €21k. Its solvency ranks better than 49% of 31642 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

85 / 100

Excellent

The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency79

Growth-

Track record50

Credit verdict

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 1.94; short-term debt: 45.6% and cash: 38.1% of total assets), and 45.6% of the assets are financed with debt.

How do we compute this score?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Young company

Founded in 2025, under 3 years, statistically higher risk.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the 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

€22k

Total assets

€40k

Net result

€21k

Working capital

€17k

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

Balance-sheet composition

Assets €40k

11%

88.6%

Fixed assets €5k

Current assets €36k

Equity and liabilities €40k

54.4%

45.6%

Equity €22k

Debt €18k

Debt finances 45.6% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€27k

Cash flow

€22k

Solvency

54.4%

Current ratio

1.94

Quick ratio

1.94

Debt / equity

0.84

ROE

95.4%

ROA

51.9%

Interest coverage

4030.28

Debt

€18k

Debt ≤ 1 year

€18k

Income taxes

€6k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€40k

Fixed assets21/28€5k

Tangible fixed assets22/27€5k

Furniture and vehicles24€5k

Current assets29/58€36k

Amounts receivable within one year40/41€18k

Trade receivables40€14k

Other amounts receivable41€4k

Cash at bank and in hand54/58€15k

Deferred charges and accrued income490/1€2k

Equity and liabilities

Total equity and liabilities10/49€40k

Equity10/15€22k

Contributions10/11€1k

Reserves13€20k

Distributable reserves133€20k

Profit (loss) carried forward14€853

Amounts payable17/49€18k

Amounts payable within one year42/48€18k

Trade debts44€3k

Suppliers440/4€3k

Taxes, remuneration and social security45€15k

Taxes450/3€15k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€699

Other operating charges640/8€223

Gross operating margin9900€27k

Operating profit (loss)9901€26k

Financial charges65/66B€7

Recurring financial charges65€7

Profit (loss) for the period before taxes9903€26k

Income taxes67/77€6k

Profit (loss) for the period9904€21k

Profit (loss) for the period to be appropriated9905€21k

Appropriation of the result

Profit (loss) to be appropriated9906€21k

Transfer to equity691/2€20k

To other reserves6921€20k

The notes to these accounts (6 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 1Filings 1

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

NBB filing

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Brugge · 1 establishment unit since 2025

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.

Sint-Arnolduslaan 748200 Brugge

Ground area

959 m²

Building footprint

214 m²

Volume, LiDAR

967 m³