Debts
€2.7m 79% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €139,793 falls due within a year.
THICARO
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €139,561 (2024)
€138,018▼ 1.1%
lowest -€186,761 (2018)
€14,077▼ 38.8%
peak €883,262 (2018)
€723,407▲ 2.0%
€2.7m▲ 2.8%
peak 0.8 FTE (2016)
-not published
Board3 names since 1994
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Result from €23,017 to €14,077Cash from €17,013 to €39,505
Key points
from the 2025 annual accountsFilings
31 annual accounts since 1995
Five of the last ten came late. The 2022 accounts came latest: 59 days after the end of the period.
Position in the sector
€723,407
More equity than 95% of companies in retail trade. Sector median €40,895 · 25,288 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,681 companies had the same profile as THICARO has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,681 companies, not a prediction for THICARO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Manager, since 01-01-2019
Director, since 01-01-2019
- 600 sharesdeed of 12-11-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453132926
1 director appointed, 2 resignations, 2 reappointments
Resignations: (statutory director) and (director) · Reappointments: (statutory director) and (director) · Appointment: (statutory director) · Gazette deed
New establishment in Kortrijk
Rijselsestraat 13
Appointment: (manager)
Capital from €268,600 to €483,478, 600 new shares · Capital from €483,478 to €774,600 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THICARO Harelbeke | €3.4m | €138,018 | 21.2% | - |
| G. MEERSSEMAN EN ZOON Wervik | €2.4m | €125,498 | 68.9% | 1 |
| CLARINVAL IMMO Beauraing | €2.7m | €168,782 | 73.6% | - |
| Tuin- en Hobbycenter Hens Nijlen | €2.8m | €226,932 | 7.9% | 10.9 |
| Benedict Huysentruyt Kortrijk | €2.9m | €234,757 | 93.1% | 2.4 |
| Dirk Van Maele Nieuwpoort | €1.8m | €115,396 | 35.4% | - |
| BOUWMATERIALEN A. DE ROCKER Ghent | €3.5m | €250,595 | 97.7% | 1.3 |
These companies have the same main activity as THICARO: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €1.8m and €3.5m, founded between 1988 and 1991.
Official details
Source: KBO- Status
- Active since 08-08-1994Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521and 3 others
- Establishment units
- 2.068.452.9428530 Harelbeke, since 05-10-1994
- 2.282.435.6358500 Kortrijk, since 08-12-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Insights on THICARO
THICARO files the micro format. That format states no turnover. The gross margin rose from -€16,999 in 2006 to €138,018 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THICARO
- What is the company number of THICARO?
- The company number of THICARO is 0453.132.926. The VAT number is the same number with BE in front: BE 0453.132.926.
- Where is THICARO based?
- The registered office is at Gentsesteenweg 218, 8530 Harelbeke.Company details
- What does THICARO do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of THICARO?
- THICARO is a private limited company (BV).
- When was THICARO founded?
- THICARO was founded on 08-08-1994.
- Is THICARO still active?
- Yes, THICARO is an active enterprise in the KBO register.
- How many employees does THICARO have?
- THICARO had an average of 0.8 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of THICARO?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €138,018 and 34 comparable companies (NACE 475). It probably lies between €600,000 and €1.2m.
- Is THICARO profitable?
- In financial year 2025, THICARO made a profit of €14,077.
- Where can I find the annual accounts of THICARO?
- THICARO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THICARO due?
- THICARO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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