THIBELYS
ActiveSummary
THIBELYS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €34k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-1
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 8.97 in 2024; short-term debt: 42% and cash: 42% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
14%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
12 d late
2023
23 d late
2022
7 d early
2021
16 d late
2020
30 d late
2019
56 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€139k▼ 29.7%
2024 · €198k
2018: €85k
2019: €101k
2020: €131k
2021: €149k
2022: €164k
2023: €181k
2024: €198k
2018 → 2025
Total assets
€241k▲ 9.2%
2024 · €221k
2018: €96k
2019: €104k
2020: €143k
2021: €181k
2022: €196k
2023: €206k
2024: €221k
2018 → 2025
Net result
€34k▲ 3.2%
2024 · €33k
2018: €13k
2019: €15k
2020: €31k
2021: €33k
2022: €29k
2023: €30k
2024: €33k
2018 → 2025
Working capital
€118k▼ 33.6%
2024 · €177k
2018: €64k
2019: €80k
2020: €111k
2021: €129k
2022: €145k
2023: €160k
2024: €177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€164k▲ 10.4%€181k▲ 10.1%€198k▲ 9.8%€139k▼ 29.7%
Operating result€45k-€39k▼ 13.4%€40k▲ 0.7%€43k▲ 9.8%€45k▲ 2.8%
Net result€33k-€29k▼ 12.7%€30k▲ 1.7%€33k▲ 11.1%€34k▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€22k ▲ 3.6%
Current assets
€219k ▲ 9.8%
Equity and liabilities €241k
Equity
€139k ▼ 29.7%
Debt
€101k ▲ 356%
Debt's share of the balance-sheet total rises from 10.1% to 42.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €44k
Cash flow
€35k▲
2024 · €33k
Current ratio
2.16▼
2024 · 8.97
Debt to equity
0.73▲
2024 · 0.11
ROE
24.2%▲
2024 · 16.5%
ROA
14.0%▼
2024 · 14.9%
Interest coverage
81.79▼
2024 · 94.62
Debt ≤ 1 year
€101k▲
2024 · €22k
Income taxes
€13k▲
2024 · €13k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€221k€241k▲
Fixed assets21/28€21k€22k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€262-
Furniture and vehicles24€926€2k▲
Financial fixed assets28€20k€20k=
Current assets29/58€200k€219k▲
Amounts receivable after more than one year29€100k€103k▲
Other amounts receivable291€100k€103k▲
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€13k€12k▼
Other amounts receivable41€392€2k▲
Cash at bank and in hand54/58€84k€101k▲
Deferred charges and accrued income490/1€3k€772▼
Equity and liabilities
Total equity and liabilities10/49€221k€241k▲
Equity10/15€198k€139k▼
Contributions10/11€12k€12k=
Reserves13€186k€127k▼
Distributable reserves133€186k€127k▼
Profit (loss) carried forward14€19€19=
Amounts payable17/49€22k€101k▲
Amounts payable within one year42/48€22k€101k▲
Financial debts43€746-
Credit institutions430/8€746-
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€5k€13k▲
Taxes450/3€5k€13k▲
Other amounts payable47/48€15k€87k▲
Accrued charges and deferred income492/3-€224
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€652€1k▲
Other operating charges640/8€387-
Gross operating margin9900€44k€46k▲
Operating profit (loss)9901€43k€45k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€466€561▲
Recurring financial charges65€466€561▲
Profit (loss) for the period before taxes9903€45k€47k▲
Income taxes67/77€13k€13k▲
Profit (loss) for the period9904€33k€34k▲
Profit (loss) for the period to be appropriated9905€33k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€34k▼
Profit (loss) brought forward from the previous period14P€5k€19▼
Transfer from equity791/2€15k€93k▲
Transfer to equity691/2€37k€34k▼
To other reserves6921€37k€34k▼
Profit to be distributed694/7€15k€93k▲
Return on contributions (dividend)694€15k€93k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €34k ▲3.2%
Net result €34k, the highest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €164k ▲10.4%
5 profitable years in a row build equity to €164k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 26.54
Current ratio from 6.84 to 26.54; short-term debt falls from €11k to €3k.
31-12
Financial
Equity above €100kEq €101k ▲17.8%
2 profitable years in a row build equity to €101k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2013
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.
Ruisbroekstraat 671000 BrusselGround area
1,728 m²
Building footprint
102 m²
Volume, LiDAR
1,419 m³
Parcel 21808H1825/00H000, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Thibelys
since 20132.215.185.832
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1825/00H000 | Brussels | 1,728 m² | 1 · 102 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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STEILO
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InformAdvies
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MATVEC
BE 0719.913.016
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Modern Digital
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.