Thierry Services
ActiveSummary
The computed 12-month bankruptcy probability of Thierry Services is 2.0% (moderate). For Thierry Services, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €15,614 and a net result of €2,022. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 33676 sector peers (fiscal year 2023). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability75▼-20
Solvency100▲+9
Growth35=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
79.8%
Return on assets
10.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-07-2024, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d early
2022
on the day
2021
24 d early
2020
21 d early
2019
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€35,049▼ 15.6%
2022 · €41,536
EBIT margin
9.5%▼ 7.4pp
2022 · 16.9%
Net result
€2,022▼ 54.7%
2022 · €4,465
Working capital
€16,480▲ 37.9%
2022 · €11,955
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€35,837▼ 45.1%€52,170▲ 45.6%€41,440▼ 20.6%€41,536▲ 0.2%€35,049▼ 15.6%
Operating result-€12,777€9,979€9,180▼ 8.0%€7,017▼ 23.6%€3,329▼ 52.6%
Net result-€13,501€9,468within the sector's middle half€5,960within the sector's middle half▼ 37.1%€4,465within the sector's middle half▼ 25.1%€2,022within the sector's middle half▼ 54.7%
EBIT margin-35.7%▼ 56.4pp19.1%▲ 54.8pp22.2%▲ 3.0pp16.9%▼ 5.3pp9.5%▼ 7.4pp
Equity-€6,300€3,168below the sector's middle half€9,128below the sector's middle half▲ 188%€13,592below the sector's middle half▲ 48.9%€15,614below the sector's middle half▲ 14.9%
Total assets€8,431▼ 61.6%€12,592below the sector's middle half▲ 49.4%€13,620below the sector's middle half▲ 8.2%€20,449below the sector's middle half▲ 50.1%€19,575below the sector's middle half▼ 4.3%
Debt€14,731▼ 0.2%€9,424▼ 36.0%€4,492▼ 52.3%€6,857▲ 52.6%€3,961▼ 42.2%
Working capital-€11,452▼ 2,342%€432below the sector's middle half€7,937below the sector's middle half▲ 1,737%€11,955below the sector's middle half▲ 50.6%€16,480within the sector's middle half▲ 37.9%
Solvency-74.7%▼ 107.5pp25.2%within the sector's middle half▲ 99.9pp67.0%above the sector's middle half▲ 41.9pp66.5%above the sector's middle half▼ 0.6pp79.8%above the sector's middle half▲ 13.3pp
Current ratio0.22▼ 0.751.05below the sector's middle half▲ 0.822.77above the sector's middle half▲ 1.722.84above the sector's middle half▲ 0.0712.77above the sector's middle half▲ 9.93
Return on assets (ROA)-160.1%▼ 215.4pp75.2%above the sector's middle half▲ 235.3pp43.8%above the sector's middle half▼ 31.4pp21.8%above the sector's middle half▼ 21.9pp10.3%within the sector's middle half▼ 11.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 53% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €19,575
Fixed assets
€1,695 ▼ 14.6%
Current assets
€17,880 ▼ 3.2%
Equity and liabilities €19,575
Equity
€15,614 ▲ 14.9%
Debt
€3,961 ▼ 42.2%
Debt's share of the balance-sheet total falls from 33.5% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,619▼
2022 · €7,465
Cash flow
€2,312▼
2022 · €4,913
Debt to equity
0.25▼
2022 · 0.50
ROE
12.9%▼
2022 · 32.9%
Interest coverage
6.99▼
2022 · 17.69
Debt ≤ 1 year
€1,400▼
2022 · €6,509
Income taxes
€789▼
2022 · €2,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €35,837 | €52,170 | €41,440 | €41,536 | €35,049 | ▼ 15.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €29,653 | €33,951 | €31,404 | ▼ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,416 | €2,416 | €2,044 | €448 | €290 | ▼ 35.3% |
| Other operating charges640/8 | - | - | €563 | €120 | €26 | ▼ 78.3% |
| Gross operating margin9900 | -€10,078 | €12,706 | €11,787 | €7,585 | €3,645 | ▼ 51.9% |
| Operating profit (loss)9901 | -€12,777 | €9,979 | €9,180 | €7,017 | €3,329 | ▼ 52.6% |
| Financial charges65/66B | - | - | €562 | €422 | €518 | ▲ 22.7% |
| Recurring financial charges65 | €522 | €386 | €562 | €422 | €518 | ▲ 22.7% |
| Profit (loss) for the period before taxes9903 | -€13,299 | €9,593 | €8,618 | €6,595 | €2,811 | ▼ 57.4% |
| Income taxes67/77 | €202 | €125 | €2,658 | €2,130 | €789 | ▼ 63.0% |
| Profit (loss) for the period9904 | -€13,501 | €9,468 | €5,960 | €4,465 | €2,022 | ▼ 54.7% |
| Profit (loss) for the period to be appropriated9905 | -€13,501 | €9,468 | €5,960 | €4,465 | €2,022 | ▼ 54.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,431 | €12,592 | €13,620 | €20,449 | €19,575 | ▼ 4.3% |
| Fixed assets21/28 | €5,152 | €2,736 | €1,191 | €1,985 | €1,695 | ▼ 14.6% |
| Tangible fixed assets22/27 | €4,252 | €1,836 | €291 | €1,085 | €795 | ▼ 26.7% |
| Plant, machinery and equipment23 | - | - | €291 | €1,085 | €795 | ▼ 26.7% |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €3,279 | €9,856 | €12,429 | €18,464 | €17,880 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €2,018 | €5,017 | €4,484 | €3,164 | €6,164 | ▲ 94.8% |
| Trade receivables40 | - | - | €3,388 | €180 | €2,450 | ▲ 1,261% |
| Other amounts receivable41 | - | - | €1,096 | €2,984 | €3,714 | ▲ 24.5% |
| Cash at bank and in hand54/58 | €1,261 | €4,347 | €7,050 | €14,859 | €10,991 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | - | €895 | €441 | €725 | ▲ 64.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,431 | €12,592 | €13,620 | €20,449 | €19,575 | ▼ 4.3% |
| Equity10/15 | -€6,300 | €3,168 | €9,128 | €13,592 | €15,614 | ▲ 14.9% |
| Contributions10/11 | €7,321 | €7,321 | €7,321 | €7,321 | €7,321 | = |
| Outside capital11 | - | - | €7,321 | - | €7,321 | - |
| Other1109/19 | - | - | €7,321 | - | €7,321 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€15,481 | -€6,013 | -€53 | €4,411 | €6,433 | ▲ 45.8% |
| Amounts payable17/49 | €14,731 | €9,424 | €4,492 | €6,857 | €3,961 | ▼ 42.2% |
| Amounts payable within one year42/48 | €14,731 | €9,424 | €4,492 | €6,509 | €1,400 | ▼ 78.5% |
| Financial debts43 | - | - | €258 | €1,969 | - | - |
| Credit institutions430/8 | - | - | €258 | €1,969 | - | - |
| Trade debts44 | - | €397 | €1,431 | €452 | €611 | ▲ 35.2% |
| Suppliers440/4 | - | - | €1,431 | €452 | €611 | ▲ 35.2% |
| Taxes, remuneration and social security45 | - | - | €2,803 | €4,088 | €789 | ▼ 80.7% |
| Taxes450/3 | - | - | €2,803 | €4,088 | €789 | ▼ 80.7% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €2,561 | ▲ 636% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,501 | €9,468 | €5,960 | €4,465 | €2,022 | ▼ 54.7% |
| + Depreciation and write-downs630 | €2,416 | €2,416 | €2,044 | €448 | €290 | ▼ 35.3% |
| Operating cash flow (approximation) | -€11,085 | €11,884 | €8,004 | €4,913 | €2,312 | ▼ 52.9% |
| Investment in fixed assets (approximation) | - | €0 | -€499 | -€1,242 | €0 | ▲ 100% |
| Change in cash | - | €3,086 | €2,703 | €7,809 | -€3,868 | ▼ 150% |
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
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 12.77
Current ratio from 2.84 to 12.77; short-term debt falls from €6,509 to €1,400.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.77
Current ratio from 1.05 to 2.77; short-term debt falls from €9,424 to €4,492.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €9,468
Net result €9,468 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.05
Current ratio from 0.22 to 1.05; short-term debt falls from €14,731 to €9,424.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€13,501
Net result drops to -€13,501, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Show earlier events
2017
22-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
16-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 594 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Elsene · 1 establishment unit since 1997
Ground area
1,117 m²
Building footprint
380 m²
Volume, LiDAR
3,746 m³
2 parcels, Brussels, Wallonia · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
Rue Saint-Hubert, Hempt. 4, 5380 Fernelmont
since 19972.081.615.545
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92063A0137/00P000 | Wallonia | 850 m² | 1 · 114 m² | - |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 5,644 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 (pre-2019)
Founded03-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
42220Construction of utility projects for electricity and telecommunications
43410Roofing work
71112Activities of interior architects
95290Repair and maintenance of other personal and household goods
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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