THIERS-IMMO
ActiveSummary
THIERS-IMMO has been active since 1919 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €-26k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 80% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-7
Solvency97=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 5.05 against 7.79 in 2024; short-term debt: 3.8% and cash: 1.3% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
71.9%
Return on assets
-1.5%
Age of the figures
9 mo
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
44 d early
2023
54 d early
2022
35 d early
2021
61 d early
2020
36 d early
2019
51 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▼ 2.0%
2024 · €1.27M
Total assets
€1.72M▼ 2.1%
2024 · €1.76M
Net result
€-26k▼ 94.9%
2024 · €-13k
Working capital
€267k▼ 4.6%
2024 · €279k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19k€13k▼ 30.5%€14k▲ 3.9%€8k▼ 38.6%€-9k
Net result€3k€-2k€-8k▼ 367%€-13k▼ 71.9%€-26k▼ 94.9%
Equity€1.29M▲ 0.2%€1.29M▼ 0.1%€1.28M▼ 0.6%€1.27M▼ 1.0%€1.24M▼ 2.0%
Total assets€1.57M▼ 0.7%€1.53M▼ 2.5%€1.81M▲ 18.4%€1.76M▼ 2.8%€1.72M▼ 2.1%
Debt€281k▼ 4.8%€244k▼ 13.2%€533k▲ 119%€496k▼ 7.0%€485k▼ 2.3%
Working capital€362k▲ 7.7%€392k▲ 8.2%€277k▼ 29.2%€279k▲ 0.7%€267k▼ 4.6%
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 turns negative in 2025: a loss of €9k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.72M
Fixed assets
€1.39M ▼ 3.4%
Current assets
€332k ▲ 3.7%
Equity and liabilities €1.72M
Equity
€1.24M ▼ 2.0%
Debt
€485k ▼ 2.3%
Debt's share of the balance-sheet total stays at 28.1%.
Key figures and ratios
EBITDA
€61k▼
2024 · €78k
Cash flow
€45k▼
2024 · €56k
Current ratio
5.05▼
2024 · 7.79
Debt to equity
0.39▼
2024 · 0.39
ROE
-2.1%▼
2024 · -1.0%
ROA
-1.5%▼
2024 · -0.8%
Interest coverage
4.21▼
2024 · 5.00
Debt ≤ 1 year
€66k▲
2024 · €41k
Debt > 1 year
€417k▼
2024 · €453k
Income taxes
€2k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €49k | €63k | €70k | €71k | ▲ 1.9% |
| Other operating charges640/8 | €6k | €7k | €8k | €9k | €9k | ▼ 8.7% |
| Gross operating margin9900 | €73k | €69k | €84k | €87k | €70k | ▼ 19.8% |
| Operating profit (loss)9901 | €19k | €13k | €14k | €8k | €-9k | ▼ 212% |
| Financial income75/76B | €0 | €0 | €0 | €0 | €0 | ▼ 80.0% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | ▼ 80.0% |
| Financial charges65/66B | €5k | €5k | €13k | €16k | €15k | ▼ 6.4% |
| Recurring financial charges65 | €5k | €5k | €13k | €16k | €15k | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €14k | €8k | €320 | €-7k | €-24k | ▼ 233% |
| Income taxes67/77 | €11k | €10k | €8k | €6k | €2k | ▼ 69.1% |
| Profit (loss) for the period9904 | €3k | €-2k | €-8k | €-13k | €-26k | ▼ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-2k | €-8k | €-13k | €-26k | ▼ 94.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.57M | €1.53M | €1.81M | €1.76M | €1.72M | ▼ 2.1% |
| Fixed assets21/28 | €1.16M | €1.11M | €1.49M | €1.44M | €1.39M | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.16M | €1.11M | €1.49M | €1.44M | €1.39M | ▼ 3.4% |
| Land and buildings22 | €1.16M | €1.11M | €1.49M | €1.44M | €1.39M | ▼ 3.5% |
| Assets under construction and advance payments27 | - | - | - | - | €2k | - |
| Current assets29/58 | €407k | €417k | €321k | €321k | €332k | ▲ 3.7% |
| Amounts receivable within one year40/41 | €392k | €354k | €298k | €311k | €310k | ▼ 0.6% |
| Trade receivables40 | €59k | €19k | - | - | - | - |
| Other amounts receivable41 | €333k | €334k | €298k | €311k | €310k | ▼ 0.6% |
| Cash at bank and in hand54/58 | €15k | €63k | €23k | €9k | €23k | ▲ 150% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.57M | €1.53M | €1.81M | €1.76M | €1.72M | ▼ 2.1% |
| Equity10/15 | €1.29M | €1.29M | €1.28M | €1.27M | €1.24M | ▼ 2.0% |
| Contributions10/11 | €1.40M | €1.40M | €1.40M | €1.40M | €1.40M | = |
| Capital10 | €1.40M | €1.40M | €1.40M | €1.40M | €1.40M | = |
| Issued capital100 | €1.40M | €1.40M | €1.40M | €1.40M | €1.40M | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-115k | €-117k | €-125k | €-138k | €-164k | ▼ 18.8% |
| Amounts payable17/49 | €281k | €244k | €533k | €496k | €485k | ▼ 2.3% |
| Amounts payable after more than one year17 | €234k | €217k | €488k | €453k | €417k | ▼ 7.9% |
| Financial debts170/4 | €234k | €217k | €488k | €453k | €417k | ▼ 7.9% |
| Amounts payable within one year42/48 | €45k | €25k | €44k | €41k | €66k | ▲ 59.8% |
| Current portion of amounts payable after more than one year42 | €17k | €17k | €34k | €35k | €36k | ▲ 2.8% |
| Financial debts43 | €11k | €6k | €2k | €2k | €2k | ▼ 0.3% |
| Credit institutions430/8 | €11k | €6k | €2k | €2k | €2k | ▼ 0.3% |
| Trade debts44 | €17k | €1k | €5k | €524 | €22k | ▲ 4,023% |
| Suppliers440/4 | €17k | €1k | €5k | €524 | €22k | ▲ 4,023% |
| Taxes, remuneration and social security45 | - | €952 | €3k | €4k | €1k | ▼ 73.9% |
| Taxes450/3 | - | €952 | €3k | €4k | €1k | ▼ 73.9% |
| Other amounts payable47/48 | - | - | - | - | €6k | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-2k | €-8k | €-13k | €-26k | ▼ 94.9% |
| + Depreciation and write-downs630 | €48k | €49k | €63k | €70k | €71k | ▲ 1.9% |
| Operating cash flow (approximation) | €50k | €47k | €55k | €56k | €45k | ▼ 20.0% |
| Investment in fixed assets (approximation) | - | €0 | €-440k | €-19k | €-22k | ▼ 13.6% |
| Change in cash | - | €48k | €-40k | €-14k | €14k | ▲ 195% |
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
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schoten · 1 establishment unit since 1919
Ground area
3,055 m²
Building footprint
2,489 m²
Volume, LiDAR
22,856 m³
Parcel 11040D0210/00N007, Flanders · tallest building 19.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brechtsebaan 114, 2900 Schoten
since 19192.005.247.544
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0210/00N007 | Flanders | 3,055 m² | 1 · 2,489 m² | 19.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 11,756 companies in sector 68310 we hold annual accounts for 6,904. 3,439 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-05-1919
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.