THIELEMANS TECHNICS
ActiveTHIELEMANS TECHNICS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300k and a net result of €13k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 37% of 7550 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
87
/ 100
Excellent▲ +32 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+22
Solvency65▲+9
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.42 in 2024), but 65.9% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
34.1%
Return on assets
1.5%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
1 d late
2022
33 d early
2021
25 d late
2020
27 d late
2019
46 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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€300k▲ 4.7%
2024 · €287k
2018: €85k
2019: €96k
2020: €134k
2021: €159k
2022: €282k
2023: €289k
2024: €287k
2018 → 2025
Total assets
€880k▼ 7.2%
2024 · €948k
2018: €101k
2019: €335k
2020: €393k
2021: €570k
2022: €883k
2023: €1.00M
2024: €948k
2018 → 2025
Net result
€13k
2024 · €-3k
2018: €21k
2019: €11k
2020: €38k
2021: €25k
2022: €123k
2023: €50k
2024: €-3k
2018 → 2025
Working capital
€206k▲ 12.9%
2024 · €183k
2018: €65k
2019: €64k
2020: €78k
2021: €106k
2022: €195k
2023: €222k
2024: €183k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€282k▲ 77.2%€289k▲ 2.6%€287k▼ 0.9%€300k▲ 4.7%
Operating result€48k-€180k▲ 278%€79k▼ 56.3%€10k▼ 87.0%€32k▲ 215%
Net result€25k-€123k▲ 385%€50k▼ 59.5%€-3k€13k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 215% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €880k
Fixed assets
€291k▼ 12.0%
Current assets
€589k▼ 4.6%
Equity and liabilities €880k
Equity
€300k▲ 4.7%
Debt
€580k▼ 12.3%
The debt ratio falls from 69.8% to 65.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€76k▲
2024 · €55k
Cash flow
€58k▲
2024 · €42k
Solvency
34.1%▲
2024 · 30.2%
Current ratio
1.54▲
2024 · 1.42
Quick ratio
1.24▲
2024 · 1.05
Debt / equity
1.93▼
2024 · 2.31
ROE
4.5%▲
2024 · -0.9%
ROA
1.5%▲
2024 · -0.3%
Interest coverage
7.88▲
2024 · 6.61
Debt
€580k▼
2024 · €662k
Debt ≤ 1 year
€383k▼
2024 · €435k
Debt > 1 year
€197k▼
2024 · €227k
Income taxes
€9k▲
2024 · €5k
Staff costs
€289k▼
2024 · €322k
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€948k€880k▼
Fixed assets21/28€331k€291k▼
Tangible fixed assets22/27€331k€291k▼
Land and buildings22€253k€237k▼
Plant, machinery and equipment23€29k€18k▼
Furniture and vehicles24€49k€36k▼
Current assets29/58€618k€589k▼
Stocks and contracts in progress3€160k€113k▼
Stocks30/36€10k€11k▲
Contracts in progress37€150k€103k▼
Amounts receivable within one year40/41€417k€437k▲
Trade receivables40€212k€105k▼
Other amounts receivable41€205k€332k▲
Cash at bank and in hand54/58€25k€27k▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€948k€880k▼
Equity10/15€287k€300k▲
Contributions10/11€19k€19k=
Reserves13€271k€281k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€271k€281k▲
Profit (loss) carried forward14€-3k€0▲
Amounts payable17/49€662k€580k▼
Amounts payable after more than one year17€227k€197k▼
Financial debts170/4€227k€197k▼
Amounts payable within one year42/48€435k€383k▼
Current portion of amounts payable after more than one year42€32k€29k▼
Financial debts43€0€3k▲
Credit institutions430/8€0€3k▲
Trade debts44€91k€32k▼
Suppliers440/4€91k€32k▼
Taxes, remuneration and social security45€37k€37k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€33k€32k▼
Other amounts payable47/48€275k€281k▲
Income statement
Code20242025
Remuneration, social security and pensions62€322k€289k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€44k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€380k€368k▼
Operating profit (loss)9901€10k€32k▲
Financial income75/76B€359€215▼
Recurring financial income75€359€215▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€2k€23k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€-3k€13k▲
Profit (loss) for the period to be appropriated9905€-3k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€11k▲
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2€0€3k▲
Transfer to equity691/2€0€13k▲
To other reserves6921€0€13k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90875.25.1▼
The notes to these accounts (13 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-3k ▼105%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €123k ▲385%
Operating result €180k, net result €123k, both a record.
31-12
Financial
Equity above €200kEq €282k ▲77.2%
5 profitable years in a row build equity to €282k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €150kEq €159k ▲18.9%
4 profitable years in a row build equity to €159k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €134k ▲39.3%
3 profitable years in a row build equity to €134k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herselt · 1 establishment unit since 2008
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.
Donkstraat(RAM) 52230 HerseltGround area
736 m²
Building footprint
179 m²
Volume, LiDAR
392 m³
Parcel 13034G0827/00F002, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thielemans Technics - TT Elektro
since 20082.173.870.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034G0827/00F002 | Flanders | 736 m² | 1 · 179 m² | 4.8 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.
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Of 22,724 companies in sector 43211 we hold annual accounts for 10,222. 7,514 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.