Financials
- Financial year
- 2025
- Total assets
- €6.9m
- Profit
- €560,630
- Solvency
- 14.4%
Total assets▲ 18.0%
Net result
20192025
THIAX
ActiveSummary
THIAX has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €996,478 and a net result of €560,630, of which €628,000 non-recurring income. Equity is growing by about 44% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
“Het aankopen, verkopen, verhandelen, ruilen, huren en verhuren, verpachten en verkavelen, in waarde brengen…” (deed in Dutch)
From the articles, 13 activitiesNo NACE code in the KBO yet1 site
Size
≈ €2.2mturnover 2025, estimated
- Equity
- €996,478
- Profit
- €560,630
Turnover estimated from the gross margin
Structure
- HVPDirector
- IrBo bvDirector · permanent representative Thibeau Vancouillie
2025 accounts 140 days early3 of 5 deeds summarised
Why 83raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.76, cash €40,218, halvedlowers riskSize: total assets €6.9mFigures for financial year 2025 (filed 11-12-2025)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (no NACE code, small)
Financial strength · tick = 2024
Weak
Solvency
39+7
equity 14.4% of total assets
Liquidity
21+5
short-term debt 56.8% · cash 0.6%
Profitability
58+46
return on assets 8.1%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.3%▲ +0.1 percentage points vs 11-2025
01-2026: 0.1%▼ -0.2 percentage points vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.4%▲ +0.3 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.76, compared with 1.38 in 2024, above the usual 1.5; short-term debt: 56.8% and cash: 0.6% of total assets), but 85.6% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 24% on solvency, 14% on liquidity, 60% on profitability and 95% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-12-2025, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 days early
2024
104 days early
2023
117 days early
2022
129 days early
2021
131 days early
2020
136 days early
2019
135 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 127 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end31-10-2026 today30-04-2027 deadline
- Permanent representative: Paul VancouillieRegistered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €560,630
Key points
By topic
Board & ownership
- Board
- 2 members
- HVPDirector
- IrBo bvDirector
Timeline
- Events
- 31
- Since
- 2004
- Next accounts
- by 30-04-2027
- 30-09-2025Equity above €500,000
- 10-03-2025Appointment: IrBo bv (director)
- 16-01-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 22-10-2002
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 18
- Annual meeting
- Last Tuesday of March at 18:00
- Purpose
- “Het aankopen, verkopen, verhandelen, ruilen, huren en verhuren, verpachten en verkavelen…” (deed in Dutch)
Key facts about THIAX
- What is the company number of THIAX?
- 0478.616.212. In Belgium the VAT number is the company number with BE in front: BE 0478.616.212.
- Where is THIAX based?
- The registered office is at Monnikenwerve 8, 8000 Brugge.Company details
- What is the legal form of THIAX?
- Private limited company (BV).
- When was THIAX founded?
- On 22-10-2002.
- Is THIAX still active?
- Yes, THIAX is an active enterprise in the KBO register.
- What is the turnover of THIAX?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is THIAX profitable?
- In financial year 2025, THIAX made a profit of €560,630.
- Where can I find the annual accounts of THIAX?
- THIAX filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THIAX due?
- By 30-04-2027, for financial year 2026.Timeline
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