THIERS

Active

Public limited companyfounded 1973active for 53 yearsDam(Kor) 10, 8500 Kortrijk, Belgium15 active companies are registered at this addressKBO/BCE: BE 0413.072.619

Summary

THIERS has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€255,510. Equity is shrinking by about 9.9% per year across the filed financial years. Its solvency ranks better than 22% of 1,163 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

THIERSActiveChecked score 90/100

Risk analysis Report Compare

Activity

Office administrative, office support and other business support activities

NACE 82400

8th oldest company in Kortrijk, Administrative and support services sector1 site

Size

€2.1mturnover 2025

Equity: €1.5m
Loss: -€255,510

Financial health

90 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: THIERS INVEST · 99.8%

THIERS INVESTManaging director · permanent representative THIERS Lieven Alfons Palmer
FREJUTDirector · permanent representative THIERS Frederiek Renaat Lieven

2025 accounts 7 days early1 of 12 deeds summarised

Why 90raises riskEquity €1.5m (14.5% of total assets)Liquidity: current ratio 1.40, cash €645,011Loss of €255,510, the second in a row (financial year 2025)lowers riskSize: turnover €2.1m, total assets €10.2mShow the evidence

Checked score

Score 2025

90 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 18% of its sector peers (NACE 82, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 39-1

equity 14.5% of total assets

Liquidity 22-1

short-term debt 66.8% · cash 6.3%

Profitability 28+12

return on assets -2.5%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (221 companies, NACE 82, medium-sized)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €130,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.4, compared with 1.36 in 2024, below the usual 1.5; short-term debt: 66.8% and cash: 6.3% of total assets), and 85.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, medium-sized): better than 21% on solvency, 13% on liquidity, 23% on profitability and 12% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Size: turnover €2.1m, total assets €10.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €1.5m (14.5% of total assets)

NBB · annual accounts

Liquidity: current ratio 1.40, cash €645,011

NBB · annual accounts

Loss of €255,510, the second in a row (financial year 2025)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€255,510

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1163 sector peers (2025).

NBB · sector comparison

Position among 1163 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

7 days early

2024

1 day early

2023

on the day

2022

30 days late

2021

2 days early

2020

12 days early

2019

9 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-07-2026 Annual accounts filedfinancial year 2025 · full…
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-07-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€255,510 View
Caution: Among the weakest 9% on net resultsector median €49,016 · 1,164 companies -€255,510 View
Controlled by THIERS INVEST 99.8% View
Positive: Result rose in 2025from -€413,747 to -€255,510 ▲ 38.2% View
Active since 1973founded 16-03-1973 53 years View

By topic

Financials

Financial year: 2025
Turnover: €2.1m
Loss: -€255,510
Solvency: 14.5%

Turnover▼ 24.5%

Net result

20232025

Go to Financials

Board & ownership

Board: 2 members
Parent: THIERS INVEST · 99.8%

THIERS INVESTManaging director
FREJUTDirector

Go to Board & ownership

Network & group

Connected companies: 14

Go to Network & group

Timeline

Events: 52
Since: 1978
Next accounts: by 31-07-2027

05-01-2024Reappointments: THIERS INVEST (director) and FREJUT (director)
31-12-2023Weakest financial year
30-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Office administrative, office support and other business support…NACE 82400
Founded: 16-03-1973
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 23

Annual meeting: First Friday of June at 10:00
Purpose: “Alle bewerkingen te doen,voor eigen rekening of voor rekening van derden,die hetzij…” (deed in Dutch)

Go to Articles of association

Key facts about THIERS

What is the company number of THIERS?: 0413.072.619. In Belgium the VAT number is the company number with BE in front: BE 0413.072.619.
Where is THIERS based?: The registered office is at Dam(Kor) 10, 8500 Kortrijk.Company details
What does THIERS do?: According to the KBO register, the main activity is office administrative, office support and other business support activities (NACE 82400).
What is the legal form of THIERS?: Public limited company (NV).
When was THIERS founded?: On 16-03-1973.
Is THIERS still active?: Yes, THIERS is an active enterprise in the KBO register.
What is the turnover of THIERS?: €2.1m in financial year 2025, according to the filed annual accounts.Financials
Is THIERS profitable?: In financial year 2025, THIERS made a loss of €255,510.
Where can I find the annual accounts of THIERS?: THIERS filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THIERS due?: By 31-07-2027, for financial year 2026.Timeline