THICEGA
ActiveTHICEGA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €48k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 6967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency94▼-2
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 2.22 in 2024), but 50.5% 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○neutral
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
49.5%
Return on assets
19.9%
Age of the figures
11 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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €119k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
46 d early
2022
2 d early
2021
9 d early
2020
30 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 3.1%
2024 · €115k
2018: €202k
2019: €235k
2020: €216k
2021: €139k
2022: €113k
2023: €88k
2024: €115k
2018 → 2025
Total assets
€240k▲ 9.2%
2024 · €220k
2018: €332k
2019: €346k
2020: €317k
2021: €264k
2022: €260k
2023: €243k
2024: €220k
2018 → 2025
Net result
€48k▼ 20.7%
2024 · €60k
2018: €36k
2019: €33k
2020: €614
2021: €-23k
2022: €44k
2023: €11k
2024: €60k
2018 → 2025
Working capital
€94k▲ 4.8%
2024 · €90k
2018: €175k
2019: €209k
2020: €190k
2021: €115k
2022: €90k
2023: €62k
2024: €90k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€113k▼ 18.7%€88k▼ 22.0%€115k▲ 31.1%€119k▲ 3.1%
Operating result€-31k-€57k€27k▼ 52.4%€86k▲ 220%€70k▼ 18.3%
Net result€-23k-€44k€11k▼ 75.5%€60k▲ 465%€48k▼ 20.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€50k▼ 11.1%
Current assets
€190k▲ 16.2%
Equity and liabilities €240k
Equity
€119k▲ 3.1%
Debt
€121k▲ 15.9%
The debt ratio rises from 47.6% to 50.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€77k▼
2024 · €92k
Cash flow
€54k▼
2024 · €67k
Solvency
49.5%▼
2024 · 52.4%
Current ratio
1.98▼
2024 · 2.22
Quick ratio
1.98▼
2024 · 2.22
Debt / equity
1.02▲
2024 · 0.91
ROE
40.2%▼
2024 · 52.3%
ROA
19.9%▼
2024 · 27.4%
Interest coverage
37.63▼
2024 · 42.68
Debt
€121k▲
2024 · €105k
Debt ≤ 1 year
€96k▲
2024 · €74k
Debt > 1 year
€25k▼
2024 · €31k
Income taxes
€20k▼
2024 · €24k
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€220k€240k▲
Fixed assets21/28€57k€50k▼
Tangible fixed assets22/27€57k€50k▼
Land and buildings22€54k€49k▼
Plant, machinery and equipment23€1k€948▼
Other tangible fixed assets26€1k€307▼
Current assets29/58€163k€190k▲
Amounts receivable within one year40/41€31k€22k▼
Trade receivables40€19k€22k▲
Other amounts receivable41€12k-
Cash at bank and in hand54/58€129k€168k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€220k€240k▲
Equity10/15€115k€119k▲
Contributions10/11€100€100=
Reserves13€115k€119k▲
Distributable reserves133€115k€119k▲
Amounts payable17/49€105k€121k▲
Amounts payable after more than one year17€31k€25k▼
Financial debts170/4€31k€25k▼
Amounts payable within one year42/48€74k€96k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€10k€3k▼
Suppliers440/4€10k€3k▼
Taxes, remuneration and social security45€24k€23k▼
Taxes450/3€24k€23k▼
Other amounts payable47/48€33k€63k▲
Accrued charges and deferred income492/3-€674
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€95k€79k▼
Operating profit (loss)9901€86k€70k▼
Financial income75/76B€371-
Recurring financial income75€371-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€84k€68k▼
Income taxes67/77€24k€20k▼
Profit (loss) for the period9904€60k€48k▼
Profit (loss) for the period to be appropriated9905€60k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€48k▼
Transfer from equity791/2€33k€44k▲
Transfer to equity691/2€60k€48k▼
To other reserves6921€60k€48k▼
Profit to be distributed694/7€33k€44k▲
Return on contributions (dividend)694€33k€44k▲
The notes to these accounts (5 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €60k ▲465%
Operating result €86k, net result €60k, both a record.
30-09
Financial
Equity above €100kEq €115k ▲31.1%
3 profitable years in a row build equity to €115k.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-23k ▼3866%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Heist-op-den-Berg · 1 establishment unit since 2011
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.
Achter de hoven(ITE) 21/B2222 Heist-op-den-BergGround area
686 m²
Building footprint
142 m²
Volume, LiDAR
492 m³
Parcel 12017B0345/00G000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thicega
since 20112.204.661.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017B0345/00G000 | Flanders | 686 m² | 1 · 142 m² | 6.5 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500A63R9S95661Z03
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Of 13,391 companies in sector 73300 we hold annual accounts for 6,882. 5,536 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2011
Fiscal year end30-09
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
30120Manufacture of other transport equipment
33150Repair, maintenance and installation of machinery and equipment
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
78100Employment placement agencies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.