THIERRY HUDSYN
ActiveSummary
THIERRY HUDSYN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434k and a net result of €146k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 56% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+9
Solvency87▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.63 in 2024; short-term debt: 28.2% and cash: 54% of total assets), and 37.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
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
62.3%
Return on assets
20.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
14 d late
2023
28 d early
2022
52 d late
2021
31 d late
2020
31 d late
2019
82 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€434k▲ 3.6%
2024 · €419k
2018: €300k
2019: €394k
2020: €405k
2021: €419k
2022: €405k
2023: €414k
2024: €419k
2018 → 2025
Total assets
€697k▼ 1.2%
2024 · €705k
2018: €415k
2019: €602k
2020: €975k
2021: €655k
2022: €646k
2023: €653k
2024: €705k
2018 → 2025
Net result
€146k▲ 46.4%
2024 · €100k
2018: €91k
2019: €94k
2020: €57k
2021: €79k
2022: €74k
2023: €100k
2024: €100k
2018 → 2025
Working capital
€356k▲ 4.3%
2024 · €342k
2018: €268k
2019: €65k
2020: €32k
2021: €351k
2022: €321k
2023: €334k
2024: €342k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€419k-€405k▼ 3.5%€414k▲ 2.2%€419k▲ 1.4%€434k▲ 3.6%
Operating result€113k-€106k▼ 6.8%€144k▲ 36.2%€139k▼ 3.4%€210k▲ 51.5%
Net result€79k-€74k▼ 7.0%€100k▲ 36.0%€100k▼ 0.7%€146k▲ 46.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €697k
Fixed assets
€144k ▼ 6.1%
Current assets
€553k ▲ 0.2%
Equity and liabilities €697k
Equity
€434k ▲ 3.6%
Debt
€263k ▼ 8.1%
Debt's share of the balance-sheet total falls from 40.5% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€225k▲
2024 · €154k
Cash flow
€161k▲
2024 · €115k
Current ratio
2.82▲
2024 · 2.63
Debt to equity
0.60▼
2024 · 0.68
ROE
33.6%▲
2024 · 23.8%
ROA
20.9%▲
2024 · 14.1%
Interest coverage
60.44▲
2024 · 49.46
Debt ≤ 1 year
€196k▼
2024 · €210k
Debt > 1 year
€66k▼
2024 · €76k
Income taxes
€63k▲
2024 · €41k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€705k€697k▼
Fixed assets21/28€154k€144k▼
Tangible fixed assets22/27€154k€144k▼
Land and buildings22€142k€137k▼
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€1k€1k=
Financial fixed assets28€50€50=
Current assets29/58€552k€553k▲
Amounts receivable after more than one year29€33k€0▼
Other amounts receivable291€33k€0▼
Amounts receivable within one year40/41€113k€157k▲
Trade receivables40€113k€129k▲
Other amounts receivable41€0€28k▲
Cash at bank and in hand54/58€383k€376k▼
Deferred charges and accrued income490/1€22k€19k▼
Equity and liabilities
Total equity and liabilities10/49€705k€697k▼
Equity10/15€419k€434k▲
Contributions10/11€12k€12k=
Reserves13€407k€422k▲
Distributable reserves133€407k€422k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€286k€263k▼
Amounts payable after more than one year17€76k€66k▼
Financial debts170/4€76k€66k▼
Amounts payable within one year42/48€210k€196k▼
Current portion of amounts payable after more than one year42€17k€10k▼
Financial debts43€68€0▼
Credit institutions430/8€68€0▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€55k€52k▼
Taxes450/3€55k€52k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€133k€131k▼
Accrued charges and deferred income492/3€51€28▼
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€156k€228k▲
Operating profit (loss)9901€139k€210k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€140k€209k▲
Income taxes67/77€41k€63k▲
Profit (loss) for the period9904€100k€146k▲
Profit (loss) for the period to be appropriated9905€100k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€100k€146k▲
Profit (loss) brought forward from the previous period14P€328€0▼
Transfer from equity791/2€94k€131k▲
Transfer to equity691/2€100k€146k▲
To other reserves6921€100k€146k▲
Profit to be distributed694/7€94k€131k▲
Return on contributions (dividend)694€94k€131k▲
The notes to these accounts (18 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €146k ▲46.4%
Operating result €210k, net result €146k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 3.56
Current ratio from 1.10 to 3.56; short-term debt falls from €306k to €137k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €57k ▼39.4%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 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.
Rue Coleau 1451410 WaterlooGround area
2,010 m²
Building footprint
364 m²
Volume, LiDAR
820 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Clos de la Hêtraie 4, 1410 Waterloo
since 20082.278.646.893
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0226/00A000 | Wallonia | 1,109 m² | 1 · 219 m² | - |
| 25110S0025/00S000 | Wallonia | 901 m² | 1 · 144 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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LEXING – BELGIUM
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DIDIER GREGOIRE
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ADVOKATENKANTOOR JORIS A. VERCRAEYE
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 6,172 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
Founded30-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.