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THIELEMANS & C°

Active
Public limited companyfounded 1994active for 32 yearsBrusselsesteenweg 307, 1785 Merchtem, BelgiumKBO/BCE: BE 0452.421.757
Summary

THIELEMANS & C° has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.3m and a net result of €842,722. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 71% of 2,435 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
THIELEMANS & C°ActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Other building finishing work
NACE 43350Joinery installation NACE 43320
Largest company by total assets in Merchtem, Construction sector1 site
Size
€15.8mturnover 2025
Staff
41.6 FTE
Equity
€4.3m
Profit
€842,722
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Holdings
1
  • Brick-InvestDirector · permanent representative Kristof VAN DOORSLAER
Auditor: SD Bedrijfsrevisoren2025 accounts 1 day early2 of 9 deeds summarised
Why 96lowers riskLiquidity: current ratio 2.81, cash €1.1mFounded in 1994Size: turnover €15.8m, 41.6 FTE, total assets €7.3mEquity €4.3m (59.0% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 67% of its sector peers (NACE 43, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 84+1
equity 59.0% of total assets
Liquidity 59-5
short-term debt 26.6% · cash 15.3%
Profitability 74-6
return on assets 11.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,647 companies, NACE 43, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €410,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.81, compared with 2.69 in 2024, above the usual 1.5; short-term debt: 26.6% and cash: 15.3% of total assets), and 41% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 77% on solvency, 74% on liquidity, 54% on profitability and 63% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.81, cash €1.1m
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €15.8m, 41.6 FTE, total assets €7.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €4.3m (59.0% of total assets)
NBB · annual accounts
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
28 days early
2023
14 days early
2022
3 days early
2021
24 days late
2020
1 day late
2019
10 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointment: SD Bedrijfsrevisoren (statutory auditor)Permanent representative: Kristof VAN DOORSLAER

Key points

  • Positive: Largest company by total assets in Merchtem, Construction sectorin the Checked rankings No. 1 View
  • Positive: 7 profitable years in a rowprofit 2025: €842,722 7 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€15.8m
Profit
€842,722
Solvency
59.0%
Turnover▲ 3.6%
Net result
20232025
Go to Financials

Timeline

Events
34
Since
1995
Next accounts
by 31-07-2027
  1. 17-07-2024Annual accounts filed
  2. 02-07-2024Resignation: Kristof VAN DOORSLAER (director)
  3. 31-12-2023Highest result from 2019 to 2025
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other building finishing workNACE 43350
Founded
25-03-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about THIELEMANS & C°

What is the company number of THIELEMANS & C°?
0452.421.757. In Belgium the VAT number is the company number with BE in front: BE 0452.421.757.
Where is THIELEMANS & C° based?
The registered office is at Brusselsesteenweg 307, 1785 Merchtem.Company details
What does THIELEMANS & C° do?
According to the KBO register, the main activity is other building finishing work (NACE 43350).
What is the legal form of THIELEMANS & C°?
Public limited company (NV).
When was THIELEMANS & C° founded?
On 25-03-1994.
Is THIELEMANS & C° still active?
Yes, THIELEMANS & C° is an active enterprise in the KBO register.
How many employees does THIELEMANS & C° have?
On average 41.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of THIELEMANS & C°?
€15.8m in financial year 2025, according to the filed annual accounts.
Is THIELEMANS & C° profitable?
In financial year 2025, THIELEMANS & C° made a profit of €842,722.
Where can I find the annual accounts of THIELEMANS & C°?
THIELEMANS & C° filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THIELEMANS & C° due?
By 31-07-2027, for financial year 2026.Timeline

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