THIBELO
Open bankruptcyA bankruptcy procedure is open for THIBELO according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-44k) and a net result of €-46k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-44k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
13 d early
2022
4 d early
2021
31 d late
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€0
2021 · €0
2019: €0
2020: €0
2021: €0
2019 → 2022
EBIT margin
Not included in this filing
Net result
€-46k▲ 36.3%
2023 · €-72k
2018: €2k
2019: €3k
2020: €245
2021: €-166k
2022: €-75k
2023: €-72k
2018 → 2024
Working capital
€-44k▼ 407%
2023 · €-9k
2018: €424k
2019: €476k
2020: €347k
2021: €185k
2022: €116k
2023: €-9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0-€0€0
Equity€377k-€212k▼ 43.9%€136k▼ 35.6%€2k▼ 98.8%€-44k
Operating result€15k-€-159k€-69k▲ 56.5%€-64k▲ 7.7%€-51k▲ 20.4%
Net result€245-€-166k€-75k▲ 54.5%€-72k▲ 4.5%€-46k▲ 36.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51k in 2024 against €64k in 2023; the loss shrinks.
Key figures and ratios
EBITDA
€-41k▲
2023 · €-54k
Cash flow
€-35k▲
2023 · €-62k
Solvency
-220.2%▼
2023 · 2.2%
Current ratio
0.31▼
2023 · 0.88
Quick ratio
0.31▼
2023 · 0.88
Debt / equity
-1.45▼
2023 · 45.20
ROA
-228.3%▼
2023 · -95.8%
Interest coverage
-250.43▼
2023 · -36.59
Debt
€64k▼
2023 · €74k
Debt ≤ 1 year
€64k▼
2023 · €73k
Income taxes
€-5k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€75k€20k▼
Fixed assets21/28€10k€0▼
Intangible fixed assets21€10k€0▼
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Other tangible fixed assets26€0-
Current assets29/58€65k€20k▼
Amounts receivable within one year40/41€14k€6k▼
Other amounts receivable41€14k€6k▼
Current investments50/53€50k€0▼
Cash at bank and in hand54/58€1k€14k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€75k€20k▼
Equity10/15€2k€-44k▼
Contributions10/11€124k€124k=
Reserves13€171k€171k=
Distributable reserves133€171k€171k=
Profit (loss) carried forward14€-293k€-339k▼
Amounts payable17/49€74k€64k▼
Amounts payable within one year42/48€73k€64k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€68k€64k▼
Suppliers440/4€68k€64k▼
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€26€13▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€59k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-56k€-39k▲
Operating profit (loss)9901€-64k€-51k▲
Financial income75/76B€193€1▼
Recurring financial income75€193€1▼
Financial charges65/66B€1k€162▼
Recurring financial charges65€1k€162▼
Profit (loss) for the period before taxes9903€-65k€-51k▲
Income taxes67/77€7k€-5k▼
Profit (loss) for the period9904€-72k€-46k▲
Profit (loss) for the period to be appropriated9905€-72k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-293k€-339k▼
Profit (loss) brought forward from the previous period14P€-221k€-293k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · THIBELO SRL HAIE DES CHENES- (DLX) 12FF, 4140 SPRIMONT · event 08-09-2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-166k ▼67805%
Net result drops to €-166k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €3k ▲67.6%
Net result €3k, the highest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
Registered office, Sprimont · 1 establishment unit since 1987
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.
Haie des Chênes(DLX) 12FF14140 SprimontGround area
9,337 m²
Building footprint
1,484 m²
Volume, LiDAR
7,299 m³
2 parcels, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Têris 21, 4100 Seraing
since 19872.031.079.040
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62028C0785/00P000 | Wallonia | 6,110 m² | 1 · 291 m² | 5.9 m · 1 fl. |
| 62353D0354/00K002 | Wallonia | 3,227 m² | 1 · 1,194 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | EDOUARD FRANCK RUE DES AUGUSTINS 32,
4000 LIEGE 1 |
08-09-2025 → present |
| Curator | LAURENT WINKIN RUE DES AUGUSTINS 32, 4000 LIEGE 1- laurent.winkin@henry-
mersch.be |
08-09-2025 → present |
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Of 679 companies in sector 46494 we hold annual accounts for 530. 37 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-01-1987
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
51441
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.