THIEL
ActiveTHIEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371k and a net result of €153k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 47% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+7
Solvency79▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.6 in 2024; short-term debt: 46.5% and cash: 46.7% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
53.5%
Return on assets
22%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
26 d late
2023
29 d late
2022
28 d late
2021
60 d late
2020
31 d late
2019
2 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€371k▼ 16.8%
2024 · €446k
2018: €657k
2019: €705k
2020: €719k
2021: €597k
2022: €585k
2023: €410k
2024: €446k
2018 → 2025
Total assets
€694k▲ 1.4%
2024 · €684k
2018: €1.08M
2019: €720k
2020: €770k
2021: €749k
2022: €678k
2023: €619k
2024: €684k
2018 → 2025
Net result
€153k▲ 38.9%
2024 · €110k
2018: €64k
2019: €48k
2020: €41k
2021: €78k
2022: €79k
2023: €9k
2024: €110k
2018 → 2025
Working capital
€105k▼ 27.1%
2024 · €144k
2018: €276k
2019: €380k
2020: €437k
2021: €234k
2022: €182k
2023: €44k
2024: €144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€597k-€585k▼ 2.0%€410k▼ 30.0%€446k▲ 9.0%€371k▼ 16.8%
Operating result€101k-€103k▲ 1.7%€10k▼ 90.3%€142k▲ 1,321%€248k▲ 74.5%
Net result€78k-€79k▲ 1.7%€9k▼ 88.1%€110k▲ 1,072%€153k▲ 38.9%
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 75% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €694k
Fixed assets
€267k▼ 11.9%
Current assets
€427k▲ 11.9%
Equity and liabilities €694k
Equity
€371k▼ 16.8%
Debt
€323k▲ 35.5%
The debt ratio rises from 34.8% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€320k▲
2024 · €211k
Cash flow
€225k▲
2024 · €179k
Solvency
53.5%▼
2024 · 65.2%
Current ratio
1.32▼
2024 · 1.60
Quick ratio
1.32▼
2024 · 1.60
Debt / equity
0.87▲
2024 · 0.53
ROE
41.2%▲
2024 · 24.7%
ROA
22.0%▲
2024 · 16.1%
Interest coverage
1149.91▲
2024 · 764.22
Debt
€323k▲
2024 · €238k
Debt ≤ 1 year
€323k▲
2024 · €238k
Income taxes
€105k▲
2024 · €35k
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€684k€694k▲
Fixed assets21/28€303k€267k▼
Tangible fixed assets22/27€300k€264k▼
Land and buildings22€173k€156k▼
Furniture and vehicles24€5k€38k▲
Other tangible fixed assets26€121k€70k▼
Financial fixed assets28€3k€3k=
Current assets29/58€382k€427k▲
Amounts receivable within one year40/41€37k€3k▼
Trade receivables40€13k€3k▼
Other amounts receivable41€24k-
Current investments50/53€164k€100k▼
Cash at bank and in hand54/58€181k€324k▲
Equity and liabilities
Total equity and liabilities10/49€684k€694k▲
Equity10/15€446k€371k▼
Contributions10/11€13k€13k=
Reserves13€368k€293k▼
Distributable reserves133€368k€293k▼
Profit (loss) carried forward14€65k€65k=
Amounts payable17/49€238k€323k▲
Amounts payable within one year42/48€238k€323k▲
Trade debts44€0€0=
Suppliers440/4€0€0=
Taxes, remuneration and social security45€9k€81k▲
Taxes450/3€9k€81k▲
Other amounts payable47/48€229k€241k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€72k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€212k€326k▲
Operating profit (loss)9901€142k€248k▲
Financial income75/76B€4k€11k▲
Recurring financial income75€4k€11k▲
Financial charges65/66B€276€278▲
Recurring financial charges65€276€278▲
Profit (loss) for the period before taxes9903€145k€258k▲
Income taxes67/77€35k€105k▲
Profit (loss) for the period9904€110k€153k▲
Profit (loss) for the period to be appropriated9905€110k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€175k€218k▲
Profit (loss) brought forward from the previous period14P€65k€65k▲
Transfer from equity791/2€48k€198k▲
Transfer to equity691/2€85k€123k▲
To other reserves6921€85k€123k▲
Profit to be distributed694/7€73k€228k▲
Return on contributions (dividend)694€48k€198k▲
Directors or managers695€25k€30k▲
The notes to these accounts (8 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €153k ▲38.9%
Operating result €248k, net result €153k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼88.1%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 16current ratio 26.35
Current ratio from 1.65 to 26.35; short-term debt falls from €426k to €15k.
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 105 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Schaarbeek
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.
Georges Eekhoudlaan 181030 SchaarbeekGround area
292 m²
Building footprint
119 m²
Volume, LiDAR
1,192 m³
Parcel 21015A0172/00F002, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0172/00F002 | Brussels | 292 m² | 1 · 119 m² | 13.9 m · 4 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
875500A7SLWJIV5UEL56
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GS LEGAL
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Advocatenkantoor HEY-IUS
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Cabinet d'avocats Olivier Eschweiler
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Of 22,054 companies in sector 69101 we hold annual accounts for 9,053. 6,416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2002
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.