THIERRY ERNST
ActiveSummary
THIERRY ERNST has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €73k. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency51▼-30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.84 against 1.51 in 2024; short-term debt: 74.4% and cash: 22.2% of total assets), and 74.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
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
25.6%
Return on assets
22.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12707 sector peers (2025).
NBB · sector comparisonPosition among 12707 sector peers
Solvency
better than 24%
← weakest
strongest →
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 06-05-2026, 86 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
86 d early
2024
59 d early
2023
61 d early
2022
35 d early
2021
60 d early
2020
61 d early
2019
52 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 63.6%
2024 · €231k
2019: €27k
2020: €49k
2021: €112k
2022: €174k
2023: €240k
2024: €231k
2019 → 2025
Total assets
€329k▼ 20.8%
2024 · €415k
2019: €182k
2020: €207k
2021: €230k
2022: €234k
2023: €310k
2024: €415k
2019 → 2025
Net result
€73k▼ 29.5%
2024 · €104k
2019: €9k
2020: €21k
2021: €63k
2022: €63k
2023: €65k
2024: €104k
2019 → 2025
Working capital
€-39k
2024 · €95k
2019: €-120k
2020: €-91k
2021: €-22k
2022: €45k
2023: €66k
2024: €95k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€174k▲ 56.3%€240k▲ 37.5%€231k▼ 3.6%€84k▼ 63.6%
Operating result€24k-€22k▼ 8.7%€47k▲ 114%€21k▼ 54.8%€19k▼ 9.7%
Net result€63k-€63k▲ 0.1%€65k▲ 4.0%€104k▲ 59.3%€73k▼ 29.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329k
Fixed assets
€124k ▼ 9.3%
Current assets
€205k ▼ 26.4%
Equity and liabilities €329k
Equity
€84k ▼ 63.6%
Debt
€245k ▲ 32.9%
Debt's share of the balance-sheet total rises from 44.4% to 74.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €34k
Cash flow
€86k▼
2024 · €117k
Current ratio
0.84▼
2024 · 1.51
Debt to equity
2.91▲
2024 · 0.80
ROE
87.3%▲
2024 · 45.1%
ROA
22.3%▼
2024 · 25.1%
Interest coverage
8.66▲
2024 · 7.56
Debt ≤ 1 year
€245k▲
2024 · €184k
Income taxes
€6k▲
2024 · €5k
Staff costs
€16k▼
2024 · €19k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€415k€329k▼
Fixed assets21/28€136k€124k▼
Tangible fixed assets22/27€43k€30k▼
Furniture and vehicles24€38k€26k▼
Other tangible fixed assets26€5k€5k▼
Financial fixed assets28€93k€93k=
Current assets29/58€279k€205k▼
Amounts receivable within one year40/41€64k€109k▲
Trade receivables40-€8k
Other amounts receivable41€64k€101k▲
Current investments50/53€27k€22k▼
Cash at bank and in hand54/58€186k€73k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€415k€329k▼
Equity10/15€231k€84k▼
Contributions10/11€19k€19k=
Reserves13€212k€65k▼
Distributable reserves133€212k€65k▼
Profit (loss) carried forward14€818€178▼
Amounts payable17/49€184k€245k▲
Amounts payable within one year42/48€184k€245k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€174k€233k▲
Income statement
Code20242025
Remuneration, social security and pensions62€19k€16k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€57k€52k▼
Operating profit (loss)9901€21k€19k▼
Financial income75/76B€92k€64k▼
Recurring financial income75€92k€64k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€109k€80k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€104k€73k▼
Profit (loss) for the period to be appropriated9905€104k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€105k€74k▼
Profit (loss) brought forward from the previous period14P€732€818▲
Transfer from equity791/2€9k€146k▲
Profit to be distributed694/7€113k€220k▲
Return on contributions (dividend)694€113k€220k▲
The notes to these accounts (5 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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €104k ▲59.3%
Net result €104k, the highest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €240k ▲37.5%
5 profitable years in a row build equity to €240k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.75
Current ratio from 0.82 to 1.75; short-term debt falls from €119k to €60k.
31-12
Financial
Equity above €150kEq €174k ▲56.3%
4 profitable years in a row build equity to €174k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €112k ▲129%
3 profitable years in a row build equity to €112k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Welkenraedt · 1 establishment unit since 2019
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.
Rue de la Résistance 74840 WelkenraedtGround area
709 m²
Building footprint
194 m²
Parcel 63084B0096/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Thierry Ernst
since 20192.286.440.844
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084B0096/00E000 | Wallonia | 708 m² | 1 · 194 m² | - |
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 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,397 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
Founded13-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.