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THI-MAR PROJECTS

Active Private limited company (pre-2019)founded 2012active for 14 yearsSouverainestraat 22, 9800 DeinzeKBO/BCE: BE 0843.625.331

Lifetime

13 annual accounts with figures on one time axis
peak €245,862 (2016)
-€412 
lowest -€155,150 (2017)
-€1,134▼ €600
peak €262,638 (2016)
-€73,708▼ €1,134
€155,711unchanged
Board1 name since 2021
1 director
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Loss of €1,134Cash from €15 to €112

Key points

from the 2025 annual accounts

Equity

-€73,708
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€336,346 in nine years
-155,15020172018201920202021202220232024-1,1342025

Every financial year from 2017 to 2025 closed with a loss. 2017 was the heaviest.

Debts

€155,711 190% of the balance sheet
Turnover not published (micro format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,333 companies had the same profile as THI-MAR PROJECTS has now. Each dot stands for 6 companies, two years later.

90.5%
were still trading
5.9%
stopped another way
2.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss

Another 0.8% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 2,333 companies, not a prediction for THI-MAR PROJECTS. 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

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Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0843625331
First establishment Souverainestraat 22, Deinze
Incorporation published on 24-02-2012 · Gazette deed
All 21 events

Comparable companies

same main activity, similar in size and age
Company
THI-MAR PROJECTS Deinze €82,002 -€412 -89.9% -
IMMOVATIE Deinze €93,429 -€12,134 44.5% -
FUTURN PROJECTS Kortrijk €88,275 -€41,313 -418.2% -
Verlouw Vastgoed Ravels €70,356 -€4,526 -2.2% 0
Gent Bellevue by C Temse €61,907 -€12,063 -1891.3% -
GNG Invest Tessenderlo-Ham €110,946 -€6,045 -26.3% -
HEIDEBOUW Kapellen €125,363 -€3,733 83.8% -

These companies have the same main activity as THI-MAR PROJECTS: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €61,900 and €125,000, founded between 2008 and 2013.

Official details

Source: KBO
Status
Active since 08-02-2012Normal situation
Activity
Development of non-residential building projectsNACE 68122and 1 other
Establishment unit
2.214.211.3779800 Deinze, since 01-11-2012
Financial year end
31 December
Peppol
Reachable since 16-12-2025
Company details

Annual accounts 2025

€82,002▼ 1.3%
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Insights on THI-MAR PROJECTS

THI-MAR PROJECTS files the micro format. That format states no turnover. The gross margin fell from €511 in 2013 to -€412 in 2025.

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 THI-MAR PROJECTS

What is the company number of THI-MAR PROJECTS?
The company number of THI-MAR PROJECTS is 0843.625.331. The VAT number is the same number with BE in front: BE 0843.625.331.
Where is THI-MAR PROJECTS based?
The registered office is at Souverainestraat 22, 9800 Deinze.Company details
What does THI-MAR PROJECTS do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of THI-MAR PROJECTS?
THI-MAR PROJECTS is a private limited company (pre-2019) (BVBA).
When was THI-MAR PROJECTS founded?
THI-MAR PROJECTS was founded on 08-02-2012.
Is THI-MAR PROJECTS still active?
Yes, THI-MAR PROJECTS is an active enterprise in the KBO register.
What is the turnover of THI-MAR PROJECTS?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is THI-MAR PROJECTS profitable?
In financial year 2025, THI-MAR PROJECTS made a loss of €1,134.
Where can I find the annual accounts of THI-MAR PROJECTS?
THI-MAR PROJECTS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THI-MAR PROJECTS due?
THI-MAR PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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