Active BE 0839.664.464Private limited company

THIEMA

Kievitsheide 92 ·2310 Rijkevorsel, Belgium· 14 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

THIEMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €209k and a net result of €24k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 514 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€209k
Net result	€24k
Better than sector	87%
Active	14 yrs

Financial profile 4 of 5 axes measured · computed by Checked

72 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 58

Solvency 100

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview14 NBB filings

Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~4.1%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.6%	43.7%	better than 87% of 514 sector peers
Net result	€24k	€67k	better than 34% of 514 sector peers
Equity	€209k	€506k	better than 33% of 514 sector peers
Gross operating margin	€59k	€81k	better than 40% of 513 sector peers
Total assets	€230k	€1.61M	better than 12% of 514 sector peers

Net profit

€24k

-45.5% 22-25

Total assets

€230k

-16.9% 22-25

Equity

€209k

-14.3% 22-25

Income taxes

€14k

-18.4% 22-25

Dividends

€59k

+103.4% 22-25

Debt

€22k

-36.0% 22-25

Debt ≤ 1y

€22k

-13.9% 22-25

Debt > 1y

€9k

-62.3% 22-25

Solvency

90.6%

+3.2% 22-25

ROE

11.5%

-36.5% 22-25

ROA

10.4%

-34.4% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€24k	€44k	€36k	€44k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€14k	€17k	€12k	€14k
Dividends	€59k	€29k	€32k	€15k
Total assets	€230k	€277k	€285k	€268k
Equity	€209k	€243k	€233k	€242k
Debt	€22k	€34k	€52k	€26k
of which ≤ 1y	€22k	€25k	€29k	€26k
of which > 1y	-	€9k	€23k	-
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	90.6%	87.8%	81.7%	90.2%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	10.4%	15.9%	12.5%	16.5%
ROE	11.5%	18.1%	15.3%	18.3%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €54k · 23.5% Current assets €176k · 76.5%

Equity & liabilities

Equity €209k · 90.6% Debt €22k · 9.4%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€230k	€277k	€285k	€268k
Fixed assets	21/28	€54k	€63k	€82k	€30k
Tangible fixed assets	22/27	€54k	€63k	€82k	€30k
Current assets	29/58	€176k	€214k	€203k	€238k
Amounts receivable within one year	40/41	€138k	€191k	€169k	€195k
Cash & bank	54/58	€36k	€21k	€33k	€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€230k	€277k	€285k	€268k
Equity	10/15	€209k	€243k	€233k	€242k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€161k	€196k	€186k	€194k
Accumulated profits (losses)	14	€29k	€29k	€29k	€29k
Amounts payable	17/49	€22k	€34k	€52k	€26k
Amounts payable after one year	17	-	€9k	€23k	-
Amounts payable within one year	42/48	€22k	€25k	€29k	€26k
Trade debts payable within one year	44	€3k	€3k	€2k	€2k
Income statement
Gross operating margin	9900	€59k	€81k	€59k	€63k
Operating result	9901	€38k	€61k	€47k	€57k
Financial income	75	€452	€1k	€2k	€2k
Financial charges	65	€949	€2k	€1k	€296
Result before taxes	9903	€38k	€61k	€48k	€59k
Income taxes	67/77	€14k	€17k	€12k	€14k
Net result for the period	9904	€24k	€44k	€36k	€44k
Result to be appropriated	9905	€24k	€44k	€36k	€44k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	20-09-2011
Status	Active
Postal code	2310

Establishment units 1 location

Thiema

Kievitsheide 92, 2310 RijkevorselFinancial service activities, except insurance and pension funding

since 20112.203.272.450

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13502D0103/00Y004	Flanders	1,418 m²	1 · 187 m²	5.8 m · 1 fl.

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.

Updates 10 events

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €24k ▼45.5%

Net result drops to €24k, the lowest in the series.

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

25-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

22-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

22-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

23-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

30-06

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.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Business and other management consultancy70200Activities of head offices; management consultancy activities70210Business consulting70220Public relations and communication consultancy73300

Names & trade names

Legal nameNL

THIEMA

Similar companies Comparable size · 19,299 of 24,686 companies in this sector with filed accounts

Curiosity BE 0666.416.625 · Schilde

Unfolds BE 0578.865.118 · Diksmuide

Connectends BE 0848.548.971 · Kalmthout

HELEMA PHARMA BE 0644.844.617 · Zottegem

AMIRIS BE 0472.479.377 · Sint-Gillis (bij-Brussel)