THIBAUT
InactiveTHIBAUT was declared bankrupt on 27-08-2024 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 18-11-2025, published in the Belgian State Gazette on 21-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-07-2022, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
3 d early
2020
17 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€27,021▲ 145%
2020 · €11,015
Total assets
€49,406▲ 126%
2020 · €21,845
Net result
€4,405▼ 61.3%
2020 · €11,373
Working capital
€27,021▲ 108%
2020 · €12,986
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€2,633--€4,249€15,752€9,595▼ 39.1%
Net result-€408--€5,349▼ 1,211%€11,373€4,405▼ 61.3%
Equity€5,792-€443▼ 92.4%€11,015▲ 2,389%€27,021▲ 145%
Total assets€9,836-€8,017▼ 18.5%€21,845▲ 172%€49,406▲ 126%
Debt€4,044-€7,575▲ 87.3%€10,830▲ 43.0%€22,385▲ 107%
Working capital€5,499--€386€12,986€27,021▲ 108%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 39% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €49,406
Equity
€27,021 ▲ 145%
Debt
€22,385 ▲ 107%
Debt's share of the balance-sheet total falls from 49.6% to 45.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,967▼
2020 · €16,210
Cash flow
€4,777▼
2020 · €11,830
Current ratio
2.21▼
2020 · 2.53
Debt to equity
0.83▲
2020 · 0.21
ROE
16.3%▼
2020 · 103.2%
ROA
8.9%▼
2020 · 52.1%
Interest coverage
27.49
Debt ≤ 1 year
€22,385▲
2020 · €8,488
Income taxes
€5,056▲
2020 · €3,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €327 | €578 | €457 | €371 | ▼ 18.8% |
| Other operating charges640/8 | - | - | - | €958 | - |
| Gross operating margin9900 | €2,960 | -€3,573 | €16,689 | €10,924 | ▼ 34.5% |
| Operating profit (loss)9901 | €2,633 | -€4,249 | €15,752 | €9,595 | ▼ 39.1% |
| Financial income75/76B | - | - | - | €229 | - |
| Recurring financial income75 | €301 | €276 | - | €229 | - |
| Financial charges65/66B | - | - | - | €363 | - |
| Recurring financial charges65 | €936 | €469 | €385 | €363 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €1,998 | -€4,441 | €15,368 | €9,462 | ▼ 38.4% |
| Income taxes67/77 | €2,406 | €908 | €3,995 | €5,056 | ▲ 26.6% |
| Profit (loss) for the period9904 | -€408 | -€5,349 | €11,373 | €4,405 | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | -€408 | -€5,349 | €11,373 | €4,405 | ▼ 61.3% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,836 | €8,017 | €21,845 | €49,406 | ▲ 126% |
| Fixed assets21/28 | €293 | €829 | €371 | - | - |
| Tangible fixed assets22/27 | €293 | €829 | €371 | - | - |
| Current assets29/58 | €9,543 | €7,189 | €21,474 | €49,406 | ▲ 130% |
| Amounts receivable after more than one year29 | - | - | - | €7,297 | - |
| Other amounts receivable291 | - | - | - | €7,297 | - |
| Amounts receivable within one year40/41 | €2,772 | €3,930 | €14,549 | €7,449 | ▼ 48.8% |
| Trade receivables40 | - | - | - | €7,299 | - |
| Other amounts receivable41 | - | - | - | €150 | - |
| Cash at bank and in hand54/58 | €6,771 | €3,258 | €1,856 | €22,232 | ▲ 1,098% |
| Deferred charges and accrued income490/1 | - | - | - | €12,428 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,836 | €8,017 | €21,845 | €49,406 | ▲ 126% |
| Equity10/15 | €5,792 | €443 | €11,015 | €27,021 | ▲ 145% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | - | - | €4,815 | €8,421 | ▲ 74.9% |
| Distributable reserves133 | - | - | - | €8,421 | - |
| Profit (loss) carried forward14 | -€408 | -€5,757 | -€408 | - | - |
| Amounts payable17/49 | €4,044 | €7,575 | €10,830 | €22,385 | ▲ 107% |
| Amounts payable after more than one year17 | - | - | €2,342 | - | - |
| Amounts payable within one year42/48 | €4,044 | €7,575 | €8,488 | €22,385 | ▲ 164% |
| Trade debts44 | €455 | €2,875 | - | €8,041 | - |
| Suppliers440/4 | - | - | - | €8,041 | - |
| Taxes, remuneration and social security45 | - | - | - | €13,224 | - |
| Taxes450/3 | - | - | - | €13,224 | - |
| Other amounts payable47/48 | - | - | - | €1,120 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€408 | -€5,349 | €11,373 | €4,405 | ▼ 61.3% |
| + Depreciation and write-downs630 | €327 | €578 | €457 | €371 | ▼ 18.8% |
| Operating cash flow (approximation) | -€81 | -€4,771 | €11,830 | €4,777 | ▼ 59.6% |
| Investment in fixed assets (approximation) | - | -€1,114 | €0 | - | - |
| Change in cash | - | -€3,513 | -€1,402 | €20,376 | ▲ 1,553% |
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
2025
21-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 18-11-2025
2024
04-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 27-08-2024
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,373
Net result €11,373 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.53
Current ratio from 0.95 to 2.53.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€5,349
Net result drops to -€5,349, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM NYSMANS BISSCHOPSLAAN 31, 2340 BEERSE- |
27-08-2024 → 18-11-2025 |