Thico Group
Thico Group has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.43M and a net result of €434k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €2.43M |
| Net result | €434k |
| Staff (FTE) | 5.3 |
| Better than sector | 82% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 75.9% | 36.7% | |
| Net result | €434k | €33k | |
| Equity | €2.43M | €313k | |
| Gross operating margin | €729k | €291k | |
| Staff costs | €454k | €297k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €250k | €256k | €193k | €292k | €299k |
| Net profit | €434k | €471k | €359k | €318k | €171k |
| Cash flow | €507k | €524k | €425k | €373k | €237k |
| Staff costs | €454k | €396k | €374k | €362k | €345k |
| Income taxes | €47k | €61k | €38k | €58k | €59k |
| Dividends | €417k | €357k | €300k | €300k | €208k |
| Total assets | €3.21M | €3.24M | €3.20M | €3.33M | €3.35M |
| Equity | €2.43M | €2.42M | €2.30M | €2.24M | €2.23M |
| Debt | €774k | €827k | €901k | €1.09M | €1.12M |
| of which ≤ 1y | €732k | €650k | €608k | €667k | €530k |
| of which > 1y | - | €125k | €246k | €375k | €546k |
| Working capital | €1.34M | €1.25M | €1.19M | €1.55M | €1.65M |
| Employees (FTE) | 5.3 | 5.5 | 5.1 | 5.5 | 5.5 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.83 | 2.93 | 2.96 | 3.33 | 4.11 |
| Quick ratio | 2.83 | 2.93 | 2.96 | 3.33 | 4.11 |
| Working capital ratio | 41.7% | 38.6% | 37.1% | 46.7% | 49.3% |
| Solvency | 75.9% | 74.5% | 71.9% | 67.4% | 66.6% |
| Debt / equity | 0.32 | 0.34 | 0.39 | 0.48 | 0.50 |
| Long-term debt ratio | - | 0.05 | 0.11 | 0.17 | 0.25 |
| Interest coverage | 13.92 | 15.92 | 7.56 | 14.96 | 13.78 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 13.5% | 14.5% | 11.2% | 9.5% | 5.1% |
| ROE | 17.8% | 19.5% | 15.6% | 14.2% | 7.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.21M | €3.24M | €3.20M | €3.33M | €3.35M |
| Fixed assets | 21/28 | €1.14M | €1.34M | €1.41M | €1.11M | €1.17M |
| Intangible fixed assets | 21 | €115k | €144k | - | €0 | €2k |
| Tangible fixed assets | 22/27 | €55k | €66k | €119k | €141k | €194k |
| Financial fixed assets | 28 | €969k | €1.13M | €1.29M | €969k | €969k |
| Current assets | 29/58 | €2.07M | €1.90M | €1.80M | €2.22M | €2.18M |
| Amounts receivable within one year | 40/41 | €507k | €453k | €307k | €324k | €484k |
| Investments | 50/53 | €250k | €250k | €500k | - | - |
| Cash & bank | 54/58 | €1.29M | €1.18M | €967k | €1.41M | €1.68M |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.21M | €3.24M | €3.20M | €3.33M | €3.35M |
| Equity | 10/15 | €2.43M | €2.42M | €2.30M | €2.24M | €2.23M |
| Contributions / capital | 10/11 | €125k | €125k | €125k | €125k | €125k |
| Reserves | 13 | €2.31M | €2.29M | €2.18M | €2.12M | €2.10M |
| Amounts payable | 17/49 | €774k | €827k | €901k | €1.09M | €1.12M |
| Amounts payable after one year | 17 | - | €125k | €246k | €375k | €546k |
| Amounts payable within one year | 42/48 | €732k | €650k | €608k | €667k | €530k |
| Trade debts payable within one year | 44 | €44k | €53k | €58k | €44k | €46k |
| Income statement | ||||||
| Gross operating margin | 9900 | €729k | €676k | €591k | €674k | €664k |
| Operating result | 9901 | €177k | €203k | €127k | €236k | €233k |
| Financial income | 75 | €322k | €345k | €295k | €160k | €19k |
| Financial charges | 65 | €18k | €16k | €26k | €19k | €22k |
| Result before taxes | 9903 | €481k | €532k | €397k | €376k | €230k |
| Income taxes | 67/77 | €47k | €61k | €38k | €58k | €59k |
| Net result for the period | 9904 | €434k | €471k | €359k | €318k | €171k |
| Result to be appropriated | 9905 | €434k | €471k | €359k | €318k | €171k |
-
Anja CopeDirectorState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
-
BV JemminvestLegal entityDirector· perm. rep.: Christophe KoevoetsState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
-
Grégoire van StrydonckDirectorState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
-
Marc van StrydonckDirectorState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
-
N.V. FabiluxLegal entityDirector· perm. rep.: Luc BertrandState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
-
N.V. S4KLegal entityDirector· perm. rep.: Steven ClerckxState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
Show 1 more sitting directors
-
N.V. Strydot & CompanyLegal entityDirector· perm. rep.: Gilles van StrydonckState Gazette act 25091304 (22-07-2025)Current22-07-2025 → present
Former directors (1)
-
Pierre SeynaeveDirectorState Gazette act 25091304 (22-07-2025)Former- → 22-07-2025
| NACE primary | Logistics services(52250) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 2030 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0223/00X005 | Flanders | 14.8 ha | 1 · 14 m² | 6.1 m · 2 fl. |
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-08-2025 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles
Technical details
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}22-07-2025 7 directors appointed, 1 resigning
- Anja Cope, Bestuurder
- Marc van Strydonck, Bestuurder
- Luc Bertrand, Bestuurder
- Christophe Koevoets, Bestuurder
- Steven Clerckx, Bestuurder
- Gilles van Strydonck, Bestuurder
- Grégoire van Strydonck, Bestuurder
- Pierre Seynaeve, Bestuurder
Technical details
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}30-06-2023 Publication in the Belgian Official Gazette, Minor change
Technical details
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}| Legal nameNL | Thico Group |