THIBER (0440.135.223), In bankruptcy: financials and annual accounts

THIBER

Ostend ·KBO/BCE: BE 0440.135.223

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	671,233	633,891	504,655	534,238	593,443	573,192	643,724	779,551	782,278	719,322	860,806	1.0m	1.2m	1.4m	1.5m	1.3m	1.5m	1.7m	1.7m
Fixed assets`21/28`	32,897	37,024	38,099	41,007	49,271	56,768	9,881	178,230	192,871	231,088	253,572	289,803	326,247	970,877	1.0m	888,177	936,879	972,227	929,164
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	148,000	166,500	-	-	-	-
Tangible fixed assets`22/27`	30,657	34,784	38,090	40,998	49,262	56,759	9,872	178,221	192,854	231,088	253,572	289,803	326,247	401,037	438,342	466,089	514,791	550,139	507,076
Land and buildings`22`	2,500	2,812	3,125	-	-	-	-	153,414	174,778	196,142	217,506	238,870	260,234	281,599	302,963	324,327	345,691	367,055	388,419
Plant, machinery and equipment`23`	22,635	28,348	34,141	40,065	45,988	52,155	2,452	14,570	17,022	29,413	27,456	40,303	51,438	96,831	104,877	113,511	161,558	176,204	115,733
Furniture and vehicles`24`	2,915	3,624	824	933	3,274	4,604	7,420	10,237	1,054	2,403	2,351	1,241	2,057	22,607	15,756	8,589	7,542	6,880	2,924
Other tangible fixed assets`26`	2,608	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	2,240	2,240	9	9	9	9	9	9	17	-	-	-	-	421,840	422,088	422,088	422,088	422,088	422,088
Current assets`29/58`	638,336	596,866	466,556	493,232	544,172	516,424	633,843	601,321	589,407	488,234	607,234	721,125	827,971	414,733	434,405	456,880	569,017	763,864	723,650
Amounts receivable after more than one year`29`	256,970	256,970	256,970	304,192	209,136	209,135	209,136	209,136	206,045	203,000	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	256,970	256,970	256,970	304,192	209,136	209,135	209,136	209,136	206,045	203,000	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	122,018	120,265	83,531	79,147	94,852	109,911	109,862	111,744	113,244	106,675	112,586	133,030	116,433	119,762	88,371	74,690	84,991	80,594	85,734
Stocks`30/36`	122,018	120,265	83,531	79,147	94,852	109,911	109,862	111,744	113,244	106,675	112,586	133,030	116,433	119,762	88,371	74,690	84,991	80,594	85,734
Amounts receivable within one year`40/41`	226,063	148,274	47,178	62,942	220,789	142,977	234,099	141,460	117,985	100,138	393,012	411,178	532,229	157,148	190,886	186,518	244,222	272,407	271,224
Trade receivables`40`	76,938	35,854	13,902	48,878	115,679	35,738	157,226	92,911	85,793	68,681	84,690	83,988	61,497	11,445	56,836	23,304	59,226	62,833	24,899
Other amounts receivable`41`	149,125	112,420	33,276	14,064	105,110	107,239	76,873	48,549	32,192	31,457	308,322	327,190	470,732	145,703	134,050	163,214	184,996	209,574	246,325
Cash at bank and in hand`54/58`	31,766	70,090	78,877	46,951	19,395	54,401	79,909	138,278	152,133	78,421	101,431	176,917	179,309	137,823	155,148	187,774	236,141	397,694	356,186
Deferred charges and accrued income`490/1`	1,519	1,267	-	-	-	-	837	703	-	-	205	-	-	-	-	7,898	3,663	13,169	10,506
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	671,233	633,891	504,655	534,238	593,443	573,192	643,724	779,551	782,278	719,322	860,806	1.0m	1.2m	1.4m	1.5m	1.3m	1.5m	1.7m	1.7m
Equity`10/15`	389,490	354,616	293,863	294,386	279,171	361,554	450,344	100,049	126,687	116,277	186,264	231,268	344,343	442,963	472,001	454,081	368,519	370,405	396,531
Contributions`10/11`	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200
Capital`10`	218,200	218,200	218,200	218,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200	218,200
Reserves`13`	171,290	136,416	22,897	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	185,923	185,923	224,376	229,183	235,881	152,935	152,935	152,935
Non-distributable reserves`130/1`	21,820	21,820	21,820	21,820	21,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	21,820	16,610	15,221	15,221	15,221
Tax-exempt reserves`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	38,453	43,260	55,168	-	-	-
Distributable reserves`133`	149,470	114,596	1,077	-	-	-	-	-	-	-	-	164,103	164,103	164,103	164,103	164,103	137,714	137,714	137,714
Profit (loss) carried forward`14`	-	0	52,766	54,366	39,151	121,534	210,324	-139,971	-113,333	-123,743	-53,756	-172,855	-59,780	387	24,618	-	-2,616	-730	25,396
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	19,809	22,286	17,661	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	-	-	-	-	-	-	19,809	22,286	17,661	-	-	-
Amounts payable`17/49`	281,743	279,275	210,792	239,852	314,272	211,638	193,380	679,502	655,591	603,045	674,542	779,660	809,875	922,838	967,048	873,315	1.1m	1.4m	1.3m
Amounts payable after more than one year`17`	-	-	0	30,000	-	-	29,254	69,700	112,213	50,950	123,163	204,742	285,353	349,602	411,381	308,796	382,954	426,995	407,618
Financial debts`170/4`	-	-	0	30,000	-	-	29,254	69,700	112,213	50,950	123,163	204,742	285,353	349,602	411,381	308,796	382,954	426,995	407,618
Amounts payable within one year`42/48`	281,743	279,194	210,792	209,852	314,272	194,838	152,112	609,802	491,886	551,010	551,379	574,918	524,522	573,236	554,392	563,740	753,569	938,691	848,665
Current portion of amounts payable after more than one year`42`	-	0	20,177	18,287	10,000	9,254	6,104	70,524	95,117	108,126	83,349	83,017	99,204	108,977	97,923	68,001	72,291	288,728	329,235
Financial debts`43`	-	-	-	-	-	-	-	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	220,000	-	-
Trade debts`44`	167,171	209,636	162,106	167,013	239,572	112,885	77,003	108,701	70,650	31,376	50,171	116,449	90,817	127,059	44,163	30,424	77,098	236,901	187,075
Suppliers`440/4`	167,171	209,636	162,106	167,013	239,572	112,885	77,003	108,701	70,650	31,376	50,171	116,449	90,817	127,059	44,163	30,424	77,098	236,901	187,075
Taxes, remuneration and social security`45`	109,646	64,102	23,051	20,695	54,818	59,671	54,609	156,676	106,119	191,508	197,859	155,452	114,501	80,997	142,964	138,981	138,376	176,972	98,339
Taxes`450/3`	68,407	45,374	21,521	3,201	1,525	18,285	16,794	32,303	26,703	65,065	72,977	58,983	19,901	21,517	60,904	51,157	40,964	94,432	25,805
Remuneration and social security`454/9`	41,239	18,728	1,530	17,494	53,293	41,386	37,815	124,373	79,416	126,443	124,882	96,469	94,600	59,480	82,060	87,824	97,412	82,540	72,534
Other amounts payable`47/48`	4,926	5,457	5,457	3,857	9,882	13,028	14,396	53,901	-	-	-	-	-	36,203	49,342	106,334	245,804	236,090	234,016
Accrued charges and deferred income`492/3`	0	80	-	-	-	16,800	12,014	-	51,492	1,085	-	-	-	-	1,275	779	854	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	28,160	-	460,644	-	2,893	-	-	-	-	-	31,473	112,995	-	-	-
Gross operating margin`9900`	264,830	259,993	133,761	94,866	17,077	76,233	592,732	384,162	377,998	332,640	407,032	377,196	490,665	570,015	595,025	588,753	596,076	623,508	606,741
Remuneration, social security and pensions`62`	143,680	142,822	93,285	53,370	74,923	138,171	190,256	341,947	283,970	308,845	338,420	367,495	414,916	452,635	445,031	412,446	408,112	392,983	392,450
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	6,787	6,305	6,034	8,264	8,590	9,558	4,183	28,214	38,234	39,276	38,376	38,224	45,797	76,606	77,705	53,565	56,821	54,001	42,573
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,434
Other operating charges`640/8`	46,157	13,897	19,049	9,932	13,634	12,619	30,740	20,502	17,234	20,780	21,624	17,261	28,099	21,548	32,133	24,356	31,891	54,092	5,053
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	138,516	-	-	-	-	461	2,864
Operating profit (loss)`9901`	68,206	96,970	15,394	23,299	-80,070	-84,115	367,553	-6,501	38,560	-36,261	8,612	-45,784	1,853	19,226	40,156	98,386	99,252	122,432	101,231
Financial income`75/76B`	10,578	8,721	9,506	7,547	10,154	10,272	11,985	7,984	6,279	4,001	18,759	16,568	105,830	9,833	11,672	2,765	9,279	2,587	20,272
Recurring financial income`75`	10,578	8,721	9,506	7,547	10,154	10,272	11,985	7,984	6,279	4,001	18,759	16,568	105,830	9,833	11,672	2,765	9,279	2,587	20,272
Financial charges`65/66B`	22,719	15,456	18,135	15,744	12,351	14,826	29,120	27,995	34,429	37,727	72,303	83,784	87,509	60,571	60,755	80,759	112,348	89,536	83,570
Recurring financial charges`65`	22,719	15,456	18,135	15,744	12,351	14,826	29,120	27,995	34,429	37,727	72,303	83,784	87,509	60,571	60,755	80,759	112,348	89,536	83,570
Profit (loss) for the period before taxes`9903`	56,065	90,235	6,764	15,102	-82,267	-88,669	350,418	-26,512	10,410	-69,987	-44,932	-113,000	-118,342	-31,512	22,546	133,387	-3,817	35,022	35,069
Income taxes`67/77`	21,191	29,483	5,687	-114	116	121	123	126	-	-	72	75	88	2	-	30,164	-1,931	61,148	8,336
Profit (loss) for the period`9904`	34,874	60,752	1,077	15,216	-82,383	-88,790	350,295	-26,638	10,410	-69,987	-45,004	-113,075	-98,621	-29,038	25,022	85,562	-1,886	-26,126	26,733
Transfer from tax-exempt reserves`789`	-	-	-	-	-	-	-	-	-	-	-	-	38,454	4,807	4,806	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,168	-	-	-
Profit (loss) for the period to be appropriated`9905`	34,874	60,752	1,077	15,216	-82,383	-88,790	350,295	-26,638	10,410	-69,987	-45,004	-113,075	-60,167	-24,231	29,828	30,394	-1,886	-26,126	26,733
Appropriation of the result
Profit (loss) to be appropriated`9906`	34,874	113,519	55,443	54,366	39,151	121,534	210,324	-139,971	-113,333	-123,743	-217,859	-172,855	-59,780	387	29,828	27,778	-2,616	-730	26,733
Profit (loss) brought forward from the previous period`14P`	0	52,766	54,366	39,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	164,103	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	34,874	113,519	1,077	-	-	-	-	-	-	-	-	-	-	-	5,210	27,778	-	-	1,337
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,210	1,389	-	-	1,337
To other reserves`6921`	34,874	113,519	1,077	-	-	-	-	-	-	-	-	-	-	-	-	26,389	-	-	-
Profit to be distributed`694/7`	-	0	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	0	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	11	9.8	-	6.2	6.5	10.4	10.9	12.3	12.4	9.9	11.4	14.8	15.6	22.8	24	21.4	18.8	22.4	23.4
Hours worked`1013`	7,424	6,678	-	3,139	3,433	7,419	9,679	16,201	12,563	12,693	13,946	14,557	18,004	22,330	22,690	21,067	21,370	21,244	20,670
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Financial year	Type	Filed	Reference	Document
31-12-2024	abbreviated format	14-11-2025	2025-00568348	PDF
31-12-2023	micro format	21-11-2024	2024-00602748	PDF
31-12-2022	micro format	30-11-2023	2023-00519093	PDF
31-12-2021	micro format	28-02-2023	2023-00035935	PDF
31-12-2020	micro format	14-01-2022	2022-01000146	PDF
31-12-2019	abbreviated format	30-10-2020	2020-65900445	PDF
31-12-2018	abbreviated format	12-11-2019	2019-73500415	PDF
31-12-2017	abbreviated format	19-10-2018	2018-69600369	PDF
31-12-2016	abbreviated format	20-07-2017	2017-33700484	PDF
31-12-2015	abbreviated format	27-07-2016	2016-35900022	PDF
31-12-2014	abbreviated format	21-08-2015	2015-44700058	PDF
31-12-2013	abbreviated format	15-12-2014	2014-69100563	PDF
31-12-2012	abbreviated format	17-07-2013	2013-31300419	PDF
31-12-2011	abbreviated format	29-08-2012	2012-47700385	PDF
31-12-2010	abbreviated format	15-07-2011	2011-29900182	PDF
31-12-2009	abbreviated format	30-07-2010	2010-37500370	PDF
31-12-2008	abbreviated format	28-07-2009	2009-49300272	PDF
31-12-2007	abbreviated format	31-07-2008	2008-52600021	PDF
31-12-2006	abbreviated format	24-08-2007	2007-60900160	PDF
31-12-2005	abbreviated format	19-07-2006	2006-49705242	PDF
31-12-2004	abbreviated format	28-07-2005	2005-59201088	PDF
31-12-2003	abbreviated format	24-09-2004	2004-66602701	PDF
31-12-2002	abbreviated format	02-09-2003	2003-64503917	PDF
31-12-2001	abbreviated format	29-08-2002	2002-51304066	PDF
31-12-2000	abbreviated format	30-08-2001	2001-53501440	PDF
31-12-1999	abbreviated format	03-07-2000	2000-36400742	PDF
31-12-1998	abbreviated format	13-07-1999	1999-33703314	PDF
31-12-1997	abbreviated format	24-02-1999	1999-03705242	PDF
31-12-1996	abbreviated format	13-01-1998	1998-01003118	PDF
31-12-1995	abbreviated format	01-08-1996	1996-38104607	PDF
31-12-1994	abbreviated format	30-06-1995	1995-32600617	PDF
31-12-1993	abbreviated format	31-10-1994	1994-45503004	PDF
31-12-1992	abbreviated format	28-10-1994	1994-45303918	PDF
31-12-1991	abbreviated format	11-09-1992	1992-31402744	PDF
31-12-1990	abbreviated format	27-07-1992	1992-24504319	PDF

Year	Entries	Awarded	Paid
2025	1	€2,000	€2,000
2024	1	€4,000	€4,000
2023	1	€2,000	€2,000

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	74,993	103,275	21,427	31,564	-71,480	-74,557	371,736	21,713	76,794	3,015	46,988	-7,560	47,650	95,832	117,861	151,951	156,073	176,433	143,804
Cash flow	41,661	67,058	7,111	23,480	-73,793	-79,232	354,478	1,576	48,644	-30,711	-6,628	-74,851	-52,824	47,568	102,727	139,127	54,935	27,875	69,306
Investment in fixed assets (approximation)	5,319	5,240	3,126	0	1,093	56,444	650	13,580	17	16,792	2,145	1,780	16,648	20,801	217,362	48,042	21,473	97,064	4,509
Change in cash	-38,324	-8,787	31,926	27,556	-35,006	-25,508	-58,369	-13,855	73,712	-23,010	-75,486	-2,392	41,486	-17,325	-32,626	-48,367	-161,553	41,508	-
Working capital	356,593	317,672	255,765	283,380	229,900	321,586	481,731	-8,481	97,521	-62,776	55,855	146,207	303,449	-158,503	-119,987	-106,860	-184,552	-174,827	-125,015
Solvency	58.0%	55.9%	58.2%	55.1%	47.0%	63.1%	70.0%	12.8%	16.2%	16.2%	21.6%	22.9%	29.8%	32.0%	32.3%	33.8%	24.5%	21.3%	24.0%
Current ratio	2.27	2.14	2.21	2.35	1.73	2.65	4.17	0.99	1.20	0.89	1.10	1.25	1.58	0.72	0.78	0.81	0.76	0.81	0.85
Quick ratio	1.83	1.71	1.82	1.97	1.43	2.09	3.44	0.80	0.97	0.69	0.90	1.02	1.36	0.51	0.62	0.68	0.64	0.73	0.75
Debt to equity	0.72	0.79	0.72	0.81	1.13	0.59	0.43	6.79	5.17	5.19	3.62	3.37	2.35	2.08	2.05	1.92	3.09	3.69	3.17
ROE	9.0%	17.1%	0.4%	5.2%	-29.5%	-24.6%	77.8%	-26.6%	8.2%	-60.2%	-24.2%	-48.9%	-28.6%	-6.6%	5.3%	18.8%	-0.5%	-7.1%	6.7%
ROA	5.2%	9.6%	0.2%	2.8%	-13.9%	-15.5%	54.4%	-3.4%	1.3%	-9.7%	-5.2%	-11.2%	-8.5%	-2.1%	1.7%	6.4%	-0.1%	-1.5%	1.6%
Interest coverage	3.30	6.68	1.18	2.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2024	31-12-2023	31-12-2021
Employees at the balance-sheet date	2	5	6
full-time	0	3	5
part-time	2	2	1
in full-time equivalents	1.4	4.4	5.6
Average over the year, in full-time equivalents	11	9.8	6.2
On a permanent contract	2	5	5
Joined	15	16	18
Left	18	14	17
Training hours	0	-	-

THIBER

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency58.0%

Current ratio2.27

Return on assets5.2%

Staff

Staff cost per FTE€13,062

Joined and left-3

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 3 entries, €8,000 awarded, €8,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on THIBER

Item	2024	2023	2022	2021
Tangible fixed assets	€5,319	€3,000	€3,126	-
Financial fixed assets	-	€2,240	-	-
Depreciation and write-downs of the year	€6,787	€6,305	€6,034	€8,264