THIBROTEC
ActiveTHIBROTEC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €24k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+72
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 3.5 in 2024), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
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
84.4%
Return on assets
15.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
28 d early
2023
29 d early
2022
11 d late
2021
31 d late
2020
28 d late
2019
85 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€130k▲ 22.3%
2024 · €107k
2018: €40k
2019: €52k
2020: €65k
2021: €85k
2022: €100k
2023: €103k
2024: €107k
2018 → 2025
Total assets
€154k▲ 26.8%
2024 · €122k
2018: €55k
2019: €74k
2020: €106k
2021: €130k
2022: €139k
2023: €119k
2024: €122k
2018 → 2025
Net result
€24k▲ 502%
2024 · €4k
2018: €10k
2019: €13k
2020: €13k
2021: €20k
2022: €15k
2023: €2k
2024: €4k
2018 → 2025
Working capital
€59k▲ 54.5%
2024 · €38k
2018: €18k
2019: €28k
2020: €32k
2021: €35k
2022: €45k
2023: €43k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€100k▲ 17.3%€103k▲ 2.4%€107k▲ 3.8%€130k▲ 22.3%
Operating result€32k-€23k▼ 29.4%€6k▼ 72.9%€12k▲ 92.2%€35k▲ 193%
Net result€20k-€15k▼ 27.8%€2k▼ 84.0%€4k▲ 67.4%€24k▲ 502%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 193% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€71k▲ 4.3%
Current assets
€83k▲ 55.7%
Equity and liabilities €154k
Equity
€130k▲ 22.3%
Debt
€24k▲ 58.7%
The debt ratio rises from 12.5% to 15.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€45k▲
2024 · €17k
Cash flow
€33k▲
2024 · €9k
Solvency
84.4%▼
2024 · 87.5%
Current ratio
3.44▼
2024 · 3.50
Quick ratio
3.15▲
2024 · 3.05
Debt / equity
0.19▲
2024 · 0.14
ROE
18.2%▲
2024 · 3.7%
ROA
15.4%▲
2024 · 3.2%
Interest coverage
97.90▲
2024 · 29.03
Debt
€24k▲
2024 · €15k
Debt ≤ 1 year
€24k▲
2024 · €15k
Income taxes
€11k▲
2024 · €7k
Staff costs
€27k▲
2024 · €26k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€122k€154k▲
Fixed assets21/28€68k€71k▲
Tangible fixed assets22/27€23k€26k▲
Land and buildings22€732€154▼
Plant, machinery and equipment23€2k€268▼
Furniture and vehicles24€13k€19k▲
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€45k€45k=
Current assets29/58€53k€83k▲
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€21k€40k▲
Trade receivables40€17k€39k▲
Other amounts receivable41€4k€421▼
Cash at bank and in hand54/58€24k€36k▲
Deferred charges and accrued income490/1€1k€465▼
Equity and liabilities
Total equity and liabilities10/49€122k€154k▲
Equity10/15€107k€130k▲
Contributions10/11€30k€30k=
Reserves13€76k€100k▲
Distributable reserves133€76k€100k▲
Profit (loss) carried forward14€71€73▲
Amounts payable17/49€15k€24k▲
Amounts payable within one year42/48€15k€24k▲
Current portion of amounts payable after more than one year42€698-
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€11k€19k▲
Taxes450/3€5k€12k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€26k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€44k€73k▲
Operating profit (loss)9901€12k€35k▲
Financial income75/76B-€187
Recurring financial income75-€187
Financial charges65/66B€572€456▼
Recurring financial charges65€572€456▼
Profit (loss) for the period before taxes9903€11k€35k▲
Income taxes67/77€7k€11k▲
Profit (loss) for the period9904€4k€24k▲
Profit (loss) for the period to be appropriated9905€4k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€24k▲
Profit (loss) brought forward from the previous period14P€66€71▲
Transfer to equity691/2€4k€24k▲
To other reserves6921€4k€24k▲
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €24k ▲502%
Operating result €35k, net result €24k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼84%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Equity above €100kEq €100k ▲17.3%
5 profitable years in a row build equity to €100k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Brasschaat · 1 establishment unit since 2018
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.
Miksebaan 2272930 BrasschaatGround area
1,071 m²
Building footprint
185 m²
Volume, LiDAR
883 m³
Parcel 11324D0317/00P000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THIBROTEC
since 20182.274.379.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0317/00P000 | Flanders | 1,071 m² | 1 · 185 m² | 14.9 m · 2 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.
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 40,723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62200Computer consultancy and computer facilities management
64200Holdings
64210Activities of holding companies
71112Activities of interior architects
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.