ThibeG
ActiveSummary
ThibeG has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €495k and a net result of €-24k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-35
Solvency48▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.64 in 2024; short-term debt: 28.9% and cash: 2.1% of total assets), and 77.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
1 d early
2023
4 d early
2022
31 d early
2021
1 d early
2020
17 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€495k▼ 4.5%
2024 · €519k
2018: €229k
2019: €200k▼ -12.6% vs 2018lowest in 8 years
2020: €237k▲ +18.8% vs 2019
2021: €309k▲ +30.4% vs 2020
2022: €364k▲ +17.5% vs 2021
2023: €433k▲ +19.1% vs 2022
2024: €519k▲ +19.8% vs 2023highest in 8 years
2025: €495k▼ -4.5% vs 2024
2018 → 2025
Total assets
€2.19M▲ 3.9%
2024 · €2.11M
2018: €451klowest in 8 years
2019: €585k▲ +29.8% vs 2018
2020: €867k▲ +48.3% vs 2019
2021: €1.65M▲ +90.4% vs 2020
2022: €1.34M▼ -18.9% vs 2021
2023: €2.05M▲ +52.8% vs 2022
2024: €2.11M▲ +3.1% vs 2023
2025: €2.19M▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Net result
€-24k
2024 · €86k
2018: €-16k
2019: €-29k▼ -76.6% vs 2018lowest in 8 years
2020: €38k▲ +231% vs 2019
2021: €72k▲ +92.3% vs 2020
2022: €54k▼ -24.9% vs 2021
2023: €70k▲ +28.4% vs 2022
2024: €86k▲ +23.6% vs 2023highest in 8 years
2025: €-24k▼ -127% vs 2024
2018 → 2025
Working capital
€269k▼ 11.9%
2024 · €305k
2018: €43klowest in 8 years
2019: €159k▲ +270% vs 2018
2020: €466k▲ +193% vs 2019
2021: €598k▲ +28.3% vs 2020
2022: €432k▼ -27.8% vs 2021
2023: €1.16M▲ +167% vs 2022highest in 8 years
2024: €305k▼ -73.6% vs 2023
2025: €269k▼ -11.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€364k▲ 17.5%€433k▲ 19.1%€519k▲ 19.8%€495k▼ 4.5%
2021: €309klowest in 5 years
2022: €364k▲ +17.5% vs 2021
2023: €433k▲ +19.1% vs 2022
2024: €519k▲ +19.8% vs 2023highest in 5 years
2025: €495k▼ -4.5% vs 2024
Operating result€92k-€70k▼ 23.8%€-3k€124k€-3k
2021: €92k
2022: €70k▼ -23.8% vs 2021
2023: €-3k▼ -104% vs 2022
2024: €124k▲ +4541% vs 2023highest in 5 years
2025: €-3k▼ -103% vs 2024lowest in 5 years
Net result€72k-€54k▼ 24.9%€70k▲ 28.4%€86k▲ 23.6%€-24k
2021: €72k
2022: €54k▼ -24.9% vs 2021
2023: €70k▲ +28.4% vs 2022
2024: €86k▲ +23.6% vs 2023highest in 5 years
2025: €-24k▼ -127% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €124k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€1.29M ▼ 2.9%
Current assets
€903k ▲ 15.4%
Equity and liabilities €2.19M
Equity
€495k ▼ 4.5%
Debt
€1.70M ▲ 6.7%
Debt's share of the balance-sheet total rises from 75.4% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68k▼
2024 · €195k
Cash flow
€48k▼
2024 · €156k
Current ratio
1.42▼
2024 · 1.64
Quick ratio
0.43▼
2024 · 0.56
Debt to equity
3.43▲
2024 · 3.07
ROE
-4.7%▼
2024 · 16.6%
ROA
-1.1%▼
2024 · 4.1%
Interest coverage
2.60▼
2024 · 7.18
Debt ≤ 1 year
€634k▲
2024 · €477k
Debt > 1 year
€1.06M▼
2024 · €1.11M
Income taxes
€2k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.11M€2.19M▲
Fixed assets21/28€1.33M€1.29M▼
Tangible fixed assets22/27€1.22M€1.18M▼
Land and buildings22€1.18M€1.15M▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€23k€17k▼
Financial fixed assets28€112k€112k=
Current assets29/58€782k€903k▲
Stocks and contracts in progress3€513k€631k▲
Stocks30/36€37k€37k=
Contracts in progress37€476k€594k▲
Amounts receivable within one year40/41€142k€225k▲
Trade receivables40€112k€172k▲
Other amounts receivable41€30k€53k▲
Cash at bank and in hand54/58€125k€45k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.19M▲
Equity10/15€519k€495k▼
Contributions10/11€14k€14k=
Reserves13€504k€480k▼
Distributable reserves133€504k€480k▼
Profit (loss) carried forward14€285€774▲
Amounts payable17/49€1.59M€1.70M▲
Amounts payable after more than one year17€1.11M€1.06M▼
Financial debts170/4€1.11M€1.06M▼
Amounts payable within one year42/48€477k€634k▲
Current portion of amounts payable after more than one year42€43k€45k▲
Financial debts43-€200k
Credit institutions430/8-€200k
Trade debts44€250k€212k▼
Suppliers440/4€250k€212k▼
Advances received on contracts in progress46€579€2k▲
Taxes, remuneration and social security45€13k€1k▼
Taxes450/3€13k€1k▼
Other amounts payable47/48€171k€174k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€71k▲
Other operating charges640/8€38k€43k▲
Gross operating margin9900€233k€111k▼
Operating profit (loss)9901€124k€-3k▼
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Profit (loss) for the period before taxes9903€103k€-22k▼
Income taxes67/77€17k€2k▼
Profit (loss) for the period9904€86k€-24k▼
Profit (loss) for the period to be appropriated9905€86k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€-23k▼
Profit (loss) brought forward from the previous period14P€282€285▲
Transfer from equity791/2-€24k
Transfer to equity691/2€86k-
To other reserves6921€86k-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | €61k | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €19k | €21k | €71k | €71k | ▲ 0.8% |
| Other operating charges640/8 | €5k | €3k | €13k | €38k | €43k | ▲ 15.1% |
| Non-recurring operating charges66A | - | €443 | - | - | - | - |
| Gross operating margin9900 | €111k | €92k | €31k | €233k | €111k | ▼ 52.2% |
| Operating profit (loss)9901 | €92k | €70k | €-3k | €124k | €-3k | ▼ 103% |
| Financial income75/76B | €5k | €3k | €120k | €6k | €8k | ▲ 26.4% |
| Recurring financial income75 | €5k | €3k | €120k | €6k | €8k | ▲ 26.4% |
| Financial charges65/66B | €8k | €3k | €19k | €27k | €26k | ▼ 3.8% |
| Recurring financial charges65 | €8k | €3k | €19k | €27k | €26k | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €89k | €70k | €98k | €103k | €-22k | ▼ 121% |
| Income taxes67/77 | €16k | €16k | €29k | €17k | €2k | ▼ 89.0% |
| Profit (loss) for the period9904 | €72k | €54k | €70k | €86k | €-24k | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | €72k | €54k | €70k | €86k | €-24k | ▼ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.65M | €1.34M | €2.05M | €2.11M | €2.19M | ▲ 3.9% |
| Fixed assets21/28 | €496k | €433k | €461k | €1.33M | €1.29M | ▼ 2.9% |
| Tangible fixed assets22/27 | €276k | €321k | €349k | €1.22M | €1.18M | ▼ 3.1% |
| Land and buildings22 | €264k | €307k | €305k | €1.18M | €1.15M | ▼ 2.5% |
| Plant, machinery and equipment23 | €3k | €6k | €12k | €9k | €6k | ▼ 36.5% |
| Furniture and vehicles24 | €10k | €8k | €32k | €23k | €17k | ▼ 24.6% |
| Financial fixed assets28 | €220k | €112k | €112k | €112k | €112k | = |
| Current assets29/58 | €1.15M | €906k | €1.59M | €782k | €903k | ▲ 15.4% |
| Stocks and contracts in progress3 | €789k | €277k | €992k | €513k | €631k | ▲ 23.0% |
| Stocks30/36 | €153k | €45 | €37k | €37k | €37k | = |
| Contracts in progress37 | €637k | €277k | €955k | €476k | €594k | ▲ 24.8% |
| Amounts receivable within one year40/41 | €113k | €204k | €417k | €142k | €225k | ▲ 58.1% |
| Trade receivables40 | €90k | €97k | €93k | €112k | €172k | ▲ 53.2% |
| Other amounts receivable41 | €23k | €107k | €324k | €30k | €53k | ▲ 76.5% |
| Cash at bank and in hand54/58 | €250k | €420k | €175k | €125k | €45k | ▼ 64.1% |
| Deferred charges and accrued income490/1 | €2k | €4k | €3k | €1k | €1k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.65M | €1.34M | €2.05M | €2.11M | €2.19M | ▲ 3.9% |
| Equity10/15 | €309k | €364k | €433k | €519k | €495k | ▼ 4.5% |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €295k | €349k | €419k | €504k | €480k | ▼ 4.8% |
| Distributable reserves133 | €295k | €349k | €419k | €504k | €480k | ▼ 4.8% |
| Profit (loss) carried forward14 | €158 | €276 | €282 | €285 | €774 | ▲ 172% |
| Amounts payable17/49 | €1.34M | €976k | €1.61M | €1.59M | €1.70M | ▲ 6.7% |
| Amounts payable after more than one year17 | €785k | €502k | €1.18M | €1.11M | €1.06M | ▼ 4.6% |
| Financial debts170/4 | €785k | €502k | €1.18M | €1.11M | €1.06M | ▼ 4.6% |
| Amounts payable within one year42/48 | €557k | €474k | €431k | €477k | €634k | ▲ 32.9% |
| Current portion of amounts payable after more than one year42 | €16k | €16k | €11k | €43k | €45k | ▲ 4.9% |
| Financial debts43 | - | - | - | - | €200k | - |
| Credit institutions430/8 | - | - | - | - | €200k | - |
| Trade debts44 | €160k | €291k | €229k | €250k | €212k | ▼ 15.2% |
| Suppliers440/4 | €160k | €291k | €229k | €250k | €212k | ▼ 15.2% |
| Advances received on contracts in progress46 | €207k | €1k | €2k | €579 | €2k | ▲ 207% |
| Taxes, remuneration and social security45 | €17k | €16k | €32k | €13k | €1k | ▼ 92.0% |
| Taxes450/3 | €17k | €16k | €32k | €13k | €1k | ▼ 92.0% |
| Other amounts payable47/48 | €157k | €150k | €157k | €171k | €174k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €3k | ▲ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €54k | €70k | €86k | €-24k | ▼ 127% |
| + Depreciation and write-downs630 | €14k | €19k | €21k | €71k | €71k | ▲ 0.8% |
| Operating cash flow (approximation) | €86k | €73k | €90k | €156k | €48k | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | €45k | €-49k | €-938k | €-33k | ▲ 96.5% |
| Change in cash | - | €170k | €-245k | €-49k | €-80k | ▼ 62.7% |
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €86k ▲23.6%
Operating result €124k, net result €86k, both a record.
30-09
Financial
Equity above €500kEq €519k ▲19.8%
5 profitable years in a row build equity to €519k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
30-09
Financial
Liquidity quadruplescurrent ratio 17.24
Current ratio from 4.57 to 17.24; short-term debt falls from €45k to €29k.
30-09
Financial
Equity above €200kEq €237k ▲18.8%
Equity rises from €200k to €237k.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
Show earlier events
2019
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 4.57
Current ratio from 2.13 to 4.57.
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Lommel · 1 establishment unit since 2015
Ground area
3,157 m²
Building footprint
1,468 m²
Volume, LiDAR
10,081 m³
Parcel 72020C1399/00A005, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ThibeG
since 20152.238.604.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1399/00A005 | Flanders | 3,157 m² | 1 · 1,468 m² | 8.0 m · 2 fl. |
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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,715 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-2015
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.