THIERRY MORTIER
ActiveTHIERRY MORTIER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €15k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 42% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-6
Solvency56▲+8
Growth81=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.19 in 2024), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
31.4%
Return on assets
2.3%
Age of the figures
8 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
56 d early
2023
55 d early
2022
130 d late
2021
30 d early
2020
17 d early
2019
179 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€706k▲ 36.7%
2019 · €517k
2018: €522k
2019: €517k
2018 → 2020
EBIT margin
2.9%▼ 0.3pp
2019 · 3.1%
2018: 3.4%
2019: 3.1%
2018 → 2020
Net result
€15k▼ 7.0%
2024 · €16k
2018: €5k
2019: €12k
2020: €11k
2021: €11k
2022: €14k
2023: €16k
2024: €16k
2018 → 2025
Working capital
€91k▲ 42.7%
2024 · €64k
2018: €-60k
2019: €-109k
2020: €-97k
2021: €-84k
2022: €-30k
2023: €-5k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€153k▲ 39.7%€169k▲ 10.4%€185k▲ 9.4%€200k▲ 8.0%
Operating result€22k-€26k▲ 18.1%€30k▲ 12.8%€45k▲ 52.5%€31k▼ 32.3%
Net result€11k-€14k▲ 21.8%€16k▲ 17.2%€16k▲ 0.4%€15k▼ 7.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637k
Fixed assets
€220k▼ 14.0%
Current assets
€417k▲ 3.8%
Equity and liabilities €637k
Equity
€200k▲ 8.0%
Debt
€437k▼ 7.5%
The debt ratio falls from 71.9% to 68.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€66k▼
2024 · €80k
Cash flow
€51k▼
2024 · €51k
Solvency
31.4%▲
2024 · 28.1%
Current ratio
1.28▲
2024 · 1.19
Quick ratio
0.20▼
2024 · 0.31
Debt / equity
2.19▼
2024 · 2.56
ROE
7.4%▼
2024 · 8.6%
ROA
2.3%▼
2024 · 2.4%
Interest coverage
7.48▲
2024 · 3.28
Debt
€437k▼
2024 · €473k
Debt ≤ 1 year
€326k▼
2024 · €338k
Debt > 1 year
€111k▼
2024 · €135k
Income taxes
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€657k€637k▼
Fixed assets21/28€255k€220k▼
Tangible fixed assets22/27€255k€219k▼
Land and buildings22€213k€194k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€37k€20k▼
Financial fixed assets28€135€135=
Current assets29/58€402k€417k▲
Stocks and contracts in progress3€298k€351k▲
Stocks30/36€298k€351k▲
Amounts receivable within one year40/41€67k€45k▼
Trade receivables40€64k€43k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€31k€15k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€657k€637k▼
Equity10/15€185k€200k▲
Contributions10/11€89k€89k=
Reserves13€17k€32k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€11k€26k▲
Profit (loss) carried forward14€79k€79k=
Amounts payable17/49€473k€437k▼
Amounts payable after more than one year17€135k€111k▼
Financial debts170/4€135k€111k▼
Amounts payable within one year42/48€338k€326k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€132k€124k▼
Suppliers440/4€132k€124k▼
Taxes, remuneration and social security45€346€184▼
Taxes450/3€346€184▼
Other amounts payable47/48€183k€178k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€36k▲
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€98€0▼
Gross operating margin9900€86k€72k▼
Operating profit (loss)9901€45k€31k▼
Financial income75/76B€275€275▼
Recurring financial income75€275€275▼
Financial charges65/66B€24k€9k▼
Recurring financial charges65€24k€9k▼
Profit (loss) for the period before taxes9903€21k€22k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€16k€15k▼
Profit (loss) for the period to be appropriated9905€16k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€94k▲
Profit (loss) brought forward from the previous period14P€63k€79k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (9 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €16k ▲0.4%
Operating result €45k, net result €16k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 130 days late
2022
31-12
Financial
Equity above €150kEq €153k ▲39.7%
5 profitable years in a row build equity to €153k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €110k ▲11.3%
4 profitable years in a row build equity to €110k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 106 days late
2017
17-07
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.
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, Gavere · 2 establishment units since 2011
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.
Meersstraat 309890 GavereGround area
2,014 m²
Building footprint
684 m²
Volume, LiDAR
3,463 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
THIERRY MORTIER
since 20112.203.684.897
THIERRY MORTIER
since 20212.319.250.895
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44005A0226/00G000 | Flanders | 1,132 m² | 1 · 542 m² | 6.1 m · 2 fl. |
| 44005A0261/00H000 | Flanders | 882 m² | 1 · 142 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 1,571 EUR awarded · 1,571 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,571 EUR | 1,571 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGavere2.203.684.897
Gavere2.319.250.895
Similar companies · same sector, comparable size
RIKA-BOIS
BE 0434.216.639
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HARJO
BE 0820.611.090
Heusden-Zolder · Eq €199k
PROMAC
BE 0447.289.071
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FAIRAMA
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SEPULCHRE-DE BELLEFROID
BE 0422.336.614
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Of 858 companies in sector 46832 we hold annual accounts for 587. 395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2011
Fiscal year end31-12
Activities, NACEBEL
46832Wholesale of timber
46216Wholesale of agricultural produce and animal feed, general range
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.