THIENPONT
ActiveSummary
THIENPONT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466k and a net result of €-28k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 81% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+11
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.07 against 3.99 in 2024; short-term debt: 23% and cash: 11.8% of total assets), and 23.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
29 d early
2022
24 d early
2021
8 d late
2020
72 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€466k▼ 5.6%
2024 · €494k
2018: €468k
2019: €491k▲ +4.9% vs 2018
2020: €499k▲ +1.7% vs 2019
2021: €517k▲ +3.7% vs 2020
2022: €580k▲ +12.1% vs 2021
2023: €580k● +0.0% vs 2022highest in 8 years
2024: €494k▼ -14.8% vs 2023
2025: €466k▼ -5.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€608k▼ 5.2%
2024 · €641k
2018: €600klowest in 8 years
2019: €606k▲ +0.9% vs 2018
2020: €627k▲ +3.4% vs 2019
2021: €693k▲ +10.6% vs 2020
2022: €779k▲ +12.3% vs 2021highest in 8 years
2023: €735k▼ -5.6% vs 2022
2024: €641k▼ -12.8% vs 2023
2025: €608k▼ -5.2% vs 2024
2018 → 2025
Net result
€-28k▲ 67.5%
2024 · €-86k
2018: €-19k
2019: €23k▲ +217% vs 2018
2020: €8k▼ -64.2% vs 2019
2021: €49k▲ +495% vs 2020
2022: €63k▲ +28.8% vs 2021highest in 8 years
2023: €65▼ -99.9% vs 2022
2024: €-86k▼ -131596% vs 2023lowest in 8 years
2025: €-28k▲ +67.5% vs 2024
2018 → 2025
Working capital
€429k▼ 2.8%
2024 · €441k
2018: €358klowest in 8 years
2019: €396k▲ +10.7% vs 2018
2020: €422k▲ +6.5% vs 2019
2021: €449k▲ +6.6% vs 2020
2022: €517k▲ +15.1% vs 2021highest in 8 years
2023: €514k▼ -0.6% vs 2022
2024: €441k▼ -14.1% vs 2023
2025: €429k▼ -2.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€517k-€580k▲ 12.1%€580k=€494k▼ 14.8%€466k▼ 5.6%
2021: €517k
2022: €580k▲ +12.1% vs 2021
2023: €580k● +0.0% vs 2022highest in 5 years
2024: €494k▼ -14.8% vs 2023
2025: €466k▼ -5.6% vs 2024lowest in 5 years
Operating result€54k-€81k▲ 50.3%€-10k€-91k▼ 850%€-38k▲ 58.8%
2021: €54k
2022: €81k▲ +50.3% vs 2021highest in 5 years
2023: €-10k▼ -112% vs 2022
2024: €-91k▼ -850% vs 2023lowest in 5 years
2025: €-38k▲ +58.8% vs 2024
Net result€49k-€63k▲ 28.8%€65▼ 99.9%€-86k€-28k▲ 67.5%
2021: €49k
2022: €63k▲ +28.8% vs 2021highest in 5 years
2023: €65▼ -99.9% vs 2022
2024: €-86k▼ -131596% vs 2023lowest in 5 years
2025: €-28k▲ +67.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €91k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608k
Fixed assets
€39k ▼ 25.2%
Current assets
€569k ▼ 3.4%
Equity and liabilities €608k
Equity
€466k ▼ 5.6%
Debt
€142k ▼ 3.8%
Debt's share of the balance-sheet total rises from 23.0% to 23.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-24k▲
2024 · €-71k
Cash flow
€-15k▲
2024 · €-66k
Current ratio
4.07▲
2024 · 3.99
Quick ratio
2.18▲
2024 · 2.06
Debt to equity
0.30▲
2024 · 0.30
ROE
-6.0%▲
2024 · -17.4%
ROA
-4.6%▲
2024 · -13.4%
Interest coverage
-8.74▲
2024 · -14.24
Debt ≤ 1 year
€140k▼
2024 · €147k
Income taxes
€141▲
2024 · €132
Staff costs
€252k▲
2024 · €244k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€641k€608k▼
Fixed assets21/28€53k€39k▼
Tangible fixed assets22/27€51k€37k▼
Land and buildings22€22k€20k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€20k€13k▼
Financial fixed assets28€2k€2k=
Current assets29/58€589k€569k▼
Stocks and contracts in progress3€285k€264k▼
Stocks30/36€285k€264k▼
Amounts receivable within one year40/41€233k€226k▼
Trade receivables40€3k€8k▲
Other amounts receivable41€230k€218k▼
Current investments50/53€278€278=
Cash at bank and in hand54/58€68k€71k▲
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€641k€608k▼
Equity10/15€494k€466k▼
Contributions10/11€19k€19k=
Reserves13€475k€448k▼
Distributable reserves133€475k€448k▼
Amounts payable17/49€147k€142k▼
Amounts payable within one year42/48€147k€140k▼
Current portion of amounts payable after more than one year42€7k-
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€61k€61k▼
Suppliers440/4€61k€61k▼
Taxes, remuneration and social security45€39k€42k▲
Taxes450/3€16k€18k▲
Remuneration and social security454/9€23k€24k▲
Other amounts payable47/48€36k€37k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€244k€252k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€13k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€176k€230k▲
Operating profit (loss)9901€-91k€-38k▲
Financial income75/76B€10k€13k▲
Recurring financial income75€10k€13k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-86k€-28k▲
Income taxes67/77€132€141▲
Profit (loss) for the period9904€-86k€-28k▲
Profit (loss) for the period to be appropriated9905€-86k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-28k▲
Transfer from equity791/2€86k€28k▼
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €196k | €206k | €239k | €244k | €252k | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €14k | €19k | €20k | €13k | ▼ 32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-1k | - | - | - |
| Other operating charges640/8 | €2k | €2k | €4k | €3k | €2k | ▼ 22.6% |
| Gross operating margin9900 | €268k | €303k | €252k | €176k | €230k | ▲ 30.9% |
| Operating profit (loss)9901 | €54k | €81k | €-10k | €-91k | €-38k | ▲ 58.8% |
| Financial income75/76B | €12k | €9k | €18k | €10k | €13k | ▲ 21.5% |
| Recurring financial income75 | €12k | €9k | €18k | €10k | €13k | ▲ 21.5% |
| Financial charges65/66B | €7k | €5k | €6k | €5k | €3k | ▼ 44.6% |
| Recurring financial charges65 | €7k | €5k | €6k | €5k | €3k | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €59k | €84k | €2k | €-86k | €-28k | ▲ 67.6% |
| Income taxes67/77 | €10k | €22k | €2k | €132 | €141 | ▲ 6.8% |
| Profit (loss) for the period9904 | €49k | €63k | €65 | €-86k | €-28k | ▲ 67.5% |
| Transfer from tax-exempt reserves789 | €19k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €67k | €63k | €65 | €-86k | €-28k | ▲ 67.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €693k | €779k | €735k | €641k | €608k | ▼ 5.2% |
| Fixed assets21/28 | €74k | €77k | €72k | €53k | €39k | ▼ 25.2% |
| Tangible fixed assets22/27 | €71k | €75k | €70k | €51k | €37k | ▼ 26.3% |
| Land and buildings22 | €28k | €26k | €24k | €22k | €20k | ▼ 8.7% |
| Furniture and vehicles24 | - | - | €12k | €8k | €5k | ▼ 44.4% |
| Other tangible fixed assets26 | €44k | €49k | €35k | €20k | €13k | ▼ 38.2% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €620k | €702k | €663k | €589k | €569k | ▼ 3.4% |
| Stocks and contracts in progress3 | €301k | €334k | €314k | €285k | €264k | ▼ 7.2% |
| Stocks30/36 | €301k | €334k | €314k | €285k | €264k | ▼ 7.2% |
| Amounts receivable within one year40/41 | €206k | €223k | €233k | €233k | €226k | ▼ 3.2% |
| Trade receivables40 | €21k | €19k | €8k | €3k | €8k | ▲ 179% |
| Other amounts receivable41 | €184k | €203k | €225k | €230k | €218k | ▼ 5.3% |
| Current investments50/53 | €278 | €278 | €278 | €278 | €278 | = |
| Cash at bank and in hand54/58 | €111k | €144k | €116k | €68k | €71k | ▲ 5.5% |
| Deferred charges and accrued income490/1 | €1k | €1k | - | €3k | €7k | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €693k | €779k | €735k | €641k | €608k | ▼ 5.2% |
| Equity10/15 | €517k | €580k | €580k | €494k | €466k | ▼ 5.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €499k | €561k | €561k | €475k | €448k | ▼ 5.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Other1319 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €497k | €559k | €561k | €475k | €448k | ▼ 5.9% |
| Amounts payable17/49 | €176k | €199k | €156k | €147k | €142k | ▼ 3.8% |
| Amounts payable after more than one year17 | €5k | €11k | €7k | - | - | - |
| Financial debts170/4 | €5k | €11k | €7k | - | - | - |
| Amounts payable within one year42/48 | €170k | €185k | €149k | €147k | €140k | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €4k | €9k | €13k | €7k | - | - |
| Financial debts43 | - | €13k | €15k | €5k | - | - |
| Credit institutions430/8 | - | €13k | €15k | €5k | - | - |
| Trade debts44 | €55k | €77k | €51k | €61k | €61k | ▼ 0.3% |
| Suppliers440/4 | €55k | €77k | €51k | €61k | €61k | ▼ 0.3% |
| Taxes, remuneration and social security45 | €41k | €45k | €35k | €39k | €42k | ▲ 7.9% |
| Taxes450/3 | €22k | €24k | €15k | €16k | €18k | ▲ 11.2% |
| Remuneration and social security454/9 | €18k | €21k | €20k | €23k | €24k | ▲ 5.5% |
| Other amounts payable47/48 | €71k | €41k | €35k | €36k | €37k | ▲ 2.8% |
| Accrued charges and deferred income492/3 | €1k | €3k | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €63k | €65 | €-86k | €-28k | ▲ 67.5% |
| + Depreciation and write-downs630 | €16k | €14k | €19k | €20k | €13k | ▼ 32.7% |
| Operating cash flow (approximation) | €65k | €76k | €19k | €-66k | €-15k | ▲ 77.9% |
| Investment in fixed assets (approximation) | - | €-17k | €-14k | €0 | €0 | - |
| Change in cash | - | €33k | €-28k | €-48k | €4k | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €63k ▲28.8%
Operating result €81k, net result €63k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Equity above €500kEq €517k ▲3.7%
3 profitable years in a row build equity to €517k.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 1994
Ground area
695 m²
Building footprint
589 m²
Volume, LiDAR
3,066 m³
Parcel 44082B0311/00T012, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THIENPONT
since 19942.066.260.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0311/00T012 | Flanders | 695 m² | 1 · 589 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EURO-LUCE
BE 0470.825.033
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ELEKTRO MIRKO
BE 0691.799.347
Aarschot · Eq €465k
Claro
BE 0424.309.771
Kuurne · Eq €468k
NOIR ET BLANC
BE 0444.381.447
Sint-Gillis (bij-Brussel) · Eq €461k
D'Huyvetter en zoon
BE 0415.835.733
Ronse · Eq €472k
Of 977 companies in sector 46431 we hold annual accounts for 705. 533 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Contact
Scores and ratios are computed by Checked and are not a credit decision.