THIJS CONSTRUCT
In liquidation since 30-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 9 filings
Equity
€65,765▼ 11.7%
2024 · €74,497
Total assets
€75,406▼ 18.6%
2024 · €92,613
Net result
-€8,733▲ 18.6%
2024 · -€10,734
Working capital
€65,265▲ 412%
2024 · €12,745
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€8,417
▲ 16.6%
2025
20182025
Net result
-€8,733
▲ 18.6%
2025
lowest quarter of the sector
20182025
Equity
€65,765
▼ 11.7%
2025
middle half of the sector
20182025
Total assets
€75,406
▼ 18.6%
2025
middle half of the sector
20182025
Debt
€9,642
▼ 46.8%
2025
20182025
Working capital
€65,265
▲ 412%
2025
middle half of the sector
20182025
Solvency
87.2%
▲ 6.8pp
2025
highest quarter of the sector
20182025
Current ratio
7.77
▲ 6.02
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-11.6%
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,047-€5,524▼ 60.7%€49,850▲ 802%€22,926▼ 54.0%€37,074▲ 61.7%€18,731▼ 49.5%-€10,096-€8,417▲ 16.6%
Net result€9,978-€3,848▼ 61.4%€34,821above the sector's middle half▲ 805%€16,882within the sector's middle half▼ 51.5%€23,451within the sector's middle half▲ 38.9%€13,698within the sector's middle half▼ 41.6%-€10,734below the sector's middle half-€8,733below the sector's middle half▲ 18.6%
Equity€20,131-€23,979▲ 19.1%€58,800within the sector's middle half▲ 145%€35,682within the sector's middle half▼ 39.3%€71,533within the sector's middle half▲ 100%€85,231within the sector's middle half▲ 19.1%€74,497within the sector's middle half▼ 12.6%€65,765within the sector's middle half▼ 11.7%
Total assets€96,060-€81,487▼ 15.2%€117,060within the sector's middle half▲ 43.7%€133,684within the sector's middle half▲ 14.2%€147,847within the sector's middle half▲ 10.6%€124,032within the sector's middle half▼ 16.1%€92,613within the sector's middle half▼ 25.3%€75,406within the sector's middle half▼ 18.6%
Debt€75,929-€57,508▼ 24.3%€58,260▲ 1.3%€98,002▲ 68.2%€76,314▼ 22.1%€38,801▼ 49.2%€18,115▼ 53.3%€9,642▼ 46.8%
Working capital-€10,386--€14,873▼ 43.2%€21,872within the sector's middle half-€9,203below the sector's middle half€26,963within the sector's middle half-€10,926below the sector's middle half€12,745within the sector's middle half€65,265within the sector's middle half▲ 412%
Solvency21.0%-29.4%▲ 8.5pp50.2%within the sector's middle half▲ 20.8pp26.7%within the sector's middle half▼ 23.5pp48.4%within the sector's middle half▲ 21.7pp68.7%above the sector's middle half▲ 20.3pp80.4%above the sector's middle half▲ 11.7pp87.2%above the sector's middle half▲ 6.8pp
Current ratio0.82-0.67▼ 0.151.44within the sector's middle half▲ 0.770.88below the sector's middle half▼ 0.561.38within the sector's middle half▲ 0.500.66below the sector's middle half▼ 0.721.74within the sector's middle half▲ 1.087.77above the sector's middle half▲ 6.02
Return on assets (ROA)10.4%-4.7%▼ 5.7pp29.7%above the sector's middle half▲ 25.0pp12.6%within the sector's middle half▼ 17.1pp15.9%within the sector's middle half▲ 3.2pp11.0%within the sector's middle half▼ 4.8pp-11.6%below the sector's middle half▼ 22.6pp-11.6%below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €8,417, smaller than the loss of €10,096 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,406
Fixed assets
€500 ▼ 99.2%
Current assets
€74,906 ▲ 151%
Equity and liabilities €75,406
Equity
€65,765 ▼ 11.7%
Debt
€9,642 ▼ 46.8%
Debt's share of the balance-sheet total falls from 19.6% to 12.8%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.15▼
2024 · 0.24
ROE
-13.3%▲
2024 · -14.4%
Debt ≤ 1 year
€9,642▼
2024 · €17,115
Income taxes
€184▼
2024 · €199
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €57,743 | €2,887 | €94,264 | - | - |
| Depreciation and write-downs of the year | €22,531 | €15,548 | €19,088 | €19,018 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,316 | €253 | €9,906 | €5,610 | €10,898 | ▲ 94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,248 | €20,703 | €17,463 | €22,531 | €15,548 | €19,088 | €19,018 | - | - |
| Other operating charges640/8 | - | - | - | €1,642 | €1,603 | €1,716 | €1,243 | €1,312 | ▲ 5.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €3,025 | €4,978 | ▲ 64.6% |
| Gross operating margin9900 | €31,967 | €27,691 | €75,206 | €47,099 | €54,225 | €39,536 | €13,190 | -€2,126 | - |
| Operating profit (loss)9901 | €14,047 | €5,524 | €49,850 | €22,926 | €37,074 | €18,731 | -€10,096 | -€8,417 | ▲ 16.6% |
| Financial income75/76B | - | - | - | €1,016 | €1,110 | €2,102 | €186 | €123 | ▼ 33.8% |
| Recurring financial income75 | €25 | €50 | €101 | €1,016 | €1,110 | €2,102 | €186 | €123 | ▼ 33.8% |
| Financial charges65/66B | - | - | - | €1,294 | €1,634 | €1,700 | €626 | €255 | ▼ 59.2% |
| Recurring financial charges65 | €582 | €386 | €852 | €1,294 | €1,634 | €1,700 | €626 | €255 | ▼ 59.2% |
| Profit (loss) for the period before taxes9903 | €13,491 | €5,188 | €49,099 | €22,648 | €36,550 | €19,132 | -€10,535 | -€8,548 | ▲ 18.9% |
| Income taxes67/77 | €3,513 | €1,340 | €14,278 | €5,766 | €13,099 | €5,434 | €199 | €184 | ▼ 7.2% |
| Profit (loss) for the period9904 | €9,978 | €3,848 | €34,821 | €16,882 | €23,451 | €13,698 | -€10,734 | -€8,733 | ▲ 18.6% |
| Profit (loss) for the period to be appropriated9905 | €9,978 | €3,848 | €34,821 | €16,882 | €23,451 | €13,698 | -€10,734 | -€8,733 | ▲ 18.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €96,060 | €81,487 | €117,060 | €133,684 | €147,847 | €124,032 | €92,613 | €75,406 | ▼ 18.6% |
| Formation expenses20 | €656 | €353 | €50 | - | - | - | - | - | - |
| Fixed assets21/28 | €48,935 | €50,810 | €45,478 | €64,057 | €49,995 | €102,437 | €62,752 | €500 | ▼ 99.2% |
| Tangible fixed assets22/27 | €48,435 | €50,310 | €44,978 | €63,557 | €49,495 | €101,937 | €62,252 | - | - |
| Land and buildings22 | - | - | - | €2,807 | €1,718 | €840 | €307 | - | - |
| Plant, machinery and equipment23 | - | - | - | €31,513 | €25,035 | €15,910 | €1,684 | - | - |
| Furniture and vehicles24 | - | - | - | €29,237 | €22,743 | €85,188 | €60,261 | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €46,470 | €30,324 | €71,532 | €69,627 | €97,851 | €21,595 | €29,860 | €74,906 | ▲ 151% |
| Amounts receivable within one year40/41 | €19,932 | €14,818 | €33,030 | €19,849 | €43,203 | €6,537 | €11,865 | €63,646 | ▲ 436% |
| Trade receivables40 | - | - | - | €13,361 | €20,376 | €3,500 | €10,158 | €196 | ▼ 98.1% |
| Other amounts receivable41 | - | - | - | €6,488 | €22,826 | €3,037 | €1,707 | €63,450 | ▲ 37× |
| Cash at bank and in hand54/58 | €25,422 | €14,121 | €37,342 | €49,778 | €52,120 | €14,169 | €17,042 | €11,260 | ▼ 33.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,528 | €890 | €953 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €96,060 | €81,487 | €117,060 | €133,684 | €147,847 | €124,032 | €92,613 | €75,406 | ▼ 18.6% |
| Equity10/15 | €20,131 | €23,979 | €58,800 | €35,682 | €71,533 | €85,231 | €74,497 | €65,765 | ▼ 11.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €13,931 | €17,779 | €52,600 | €29,482 | €52,933 | €66,631 | €55,897 | €54,031 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | - | - | €889 | €889 | €889 | €889 | - | - |
| Reserves not available under the articles1311 | - | - | - | €889 | €889 | €889 | €889 | - | - |
| Distributable reserves133 | - | - | - | €28,593 | €52,044 | €65,742 | €55,008 | €54,031 | ▼ 1.8% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€6,866 | - |
| Amounts payable17/49 | €75,929 | €57,508 | €58,260 | €98,002 | €76,314 | €38,801 | €18,115 | €9,642 | ▼ 46.8% |
| Amounts payable after more than one year17 | €18,243 | €9,741 | €8,100 | €17,122 | €3,376 | €5,780 | - | - | - |
| Financial debts170/4 | - | - | - | €17,122 | €3,376 | €5,780 | - | - | - |
| Amounts payable within one year42/48 | €56,856 | €45,198 | €49,660 | €78,830 | €70,888 | €32,522 | €17,115 | €9,642 | ▼ 43.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,626 | €6,746 | €8,919 | €5,780 | - | - |
| Trade debts44 | €4,541 | €5,486 | €5,945 | - | €5,847 | €8,141 | €2,633 | €7,148 | ▲ 171% |
| Suppliers440/4 | - | - | - | - | €5,847 | €8,141 | €2,633 | €7,148 | ▲ 171% |
| Taxes, remuneration and social security45 | - | - | - | €19,394 | €11,194 | €6,556 | €257 | €2,494 | ▲ 870% |
| Taxes450/3 | - | - | - | €17,698 | €8,987 | €4,924 | €257 | €2,494 | ▲ 870% |
| Remuneration and social security454/9 | - | - | - | €1,696 | €2,207 | €1,632 | - | - | - |
| Other amounts payable47/48 | - | - | - | €52,810 | €47,100 | €8,905 | €8,445 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,050 | €2,050 | €500 | €1,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,978 | €3,848 | €34,821 | €16,882 | €23,451 | €13,698 | -€10,734 | -€8,733 | ▲ 18.6% |
| + Depreciation and write-downs630 | €16,248 | €20,703 | €17,463 | €22,531 | €15,548 | €19,088 | €19,018 | - | - |
| Operating cash flow (approximation) | €26,226 | €24,551 | €52,284 | €39,413 | €38,999 | €32,787 | €8,284 | -€8,733 | - |
| Investment in fixed assets (approximation) | - | -€22,578 | -€12,131 | -€41,110 | -€1,487 | -€71,530 | €20,667 | €62,252 | ▲ 201% |
| Change in cash | - | -€11,300 | €23,220 | €12,437 | €2,342 | -€37,952 | €2,874 | -€5,782 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00260046 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00168554 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00223619 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00155021 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20127522 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28500223 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19000038 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24400214 | |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23100449 |