Thierry BACH
ActiveSummary
Thierry BACH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85k and a net result of €78k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+26
Solvency58▲+30
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 0.64 in 2023; short-term debt: 37.5% and cash: 10.1% of total assets), and 67.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
41 d early
2021
18 d early
2020
7 d early
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€85k▲ 1,031%
2023 · €8k
2019: €18k
2020: €18k
2021: €5k
2022: €-2k
2023: €8k
2019 → 2024
Total assets
€260k▲ 1.2%
2023 · €257k
2019: €143k
2020: €203k
2021: €209k
2022: €162k
2023: €257k
2019 → 2024
Net result
€78k▲ 688%
2023 · €10k
2019: €16k
2020: €-677
2021: €-12k
2022: €-8k
2023: €10k
2019 → 2024
Working capital
€48k
2023 · €-61k
2019: €25k
2020: €-51k
2021: €-54k
2022: €-54k
2023: €-61k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18k-€5k▼ 70.4%€-2k€8k€85k▲ 1,031%
Operating result€5k-€-7k€-5k▲ 22.4%€16k€92k▲ 468%
Net result€-677-€-12k▼ 1,733%€-8k▲ 39.0%€10k€78k▲ 688%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 468% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €260k
Fixed assets
€114k ▼ 22.9%
Current assets
€146k ▲ 33.8%
Equity and liabilities €260k
Equity
€85k ▲ 1,031%
Debt
€174k ▼ 30.1%
Debt's share of the balance-sheet total falls from 97.1% to 67.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129k▲
2023 · €52k
Cash flow
€115k▲
2023 · €45k
Current ratio
1.50▲
2023 · 0.64
Quick ratio
1.43▲
2023 · 0.55
Debt to equity
2.04▼
2023 · 32.95
ROE
91.2%▼
2023 · 130.9%
ROA
30.0%▲
2023 · 3.9%
Interest coverage
13.74▲
2023 · 6.17
Debt ≤ 1 year
€97k▼
2023 · €170k
Debt > 1 year
€75k▼
2023 · €78k
Income taxes
€6k
Staff costs
€80k▲
2023 · €75k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€257k€260k▲
Fixed assets21/28€148k€114k▼
Intangible fixed assets21€11k€9k▼
Tangible fixed assets22/27€136k€105k▼
Plant, machinery and equipment23€33k€22k▼
Furniture and vehicles24€2k€706▼
Leasing and similar rights25€68k€50k▼
Other tangible fixed assets26€34k€32k▼
Financial fixed assets28€375€375=
Current assets29/58€109k€146k▲
Amounts receivable after more than one year29€34k€32k▼
Other amounts receivable291€34k€32k▼
Stocks and contracts in progress3€16k€6k▼
Stocks30/36€16k€6k▼
Amounts receivable within one year40/41€38k€80k▲
Trade receivables40€36k€80k▲
Other amounts receivable41€2k€131▼
Cash at bank and in hand54/58€21k€26k▲
Deferred charges and accrued income490/1€135€1k▲
Equity and liabilities
Total equity and liabilities10/49€257k€260k▲
Equity10/15€8k€85k▲
Contributions10/11€2k€2k=
Reserves13€200€200=
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Profit (loss) carried forward14€5k€83k▲
Amounts payable17/49€249k€174k▼
Amounts payable after more than one year17€78k€75k▼
Financial debts170/4€78k€75k▼
Amounts payable within one year42/48€170k€97k▼
Current portion of amounts payable after more than one year42€39k€37k▼
Financial debts43€36k€2k▼
Credit institutions430/8€35k-
Other loans439€1k€2k▲
Trade debts44€83k€21k▼
Suppliers440/4€83k€21k▼
Taxes, remuneration and social security45€11k€37k▲
Taxes450/3€4k€33k▲
Remuneration and social security454/9€7k€4k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€75k€80k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€37k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€134k€211k▲
Operating profit (loss)9901€16k€92k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€10k€84k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€10k€78k▲
Profit (loss) for the period to be appropriated9905€10k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€83k▲
Profit (loss) brought forward from the previous period14P€-5k€5k▲
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €78k ▲688%
Operating result €92k, net result €78k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.64 to 1.50; short-term debt falls from €170k to €97k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Bütgenbach · 1 establishment unit since 2018
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.
Nidrum,Feldstrasse 154750 Bütgenbach1 establishment unit
Thierry Bach PGmbH - BTN Befestigungstechnik Nidrum
since 20182.275.854.778
Recognitions · licences · registrations
Recognised contractor
5 categoriesThierry BACH SRL45056
Similar companies · same sector, comparable size
C.A. Toitures
BE 0739.830.975
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TOITURE SANDRAS
BE 1016.465.275
La Louvière · Eq €85,665
RENOFAST
BE 0827.763.653
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DVC DAKWERKEN
BE 0835.220.973
Sint-Katelijne-Waver · Eq €85,239
Van Rompaey Bouwwerken
BE 0671.606.422
Heist-op-den-Berg · Eq €85,236
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,799 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
42911Civil engineering
43320Joinery installation
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Scores and ratios are computed by Checked and are not a credit decision.