THIJST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €184k and a net result of €-39k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 5498 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5498 sector peers (2025).
NBB · sector comparisonPosition among 5498 sector peers
Solvency
better than 13%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
15 d early
2023
18 d early
2022
7 d early
2021
22 d late
2020
24 d late
2019
54 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€184k▼ 17.4%
2024 · €222k
2018: €329k
2019: €340k
2020: €262k
2021: €235k
2022: €218k
2023: €214k
2024: €222k
2018 → 2025
Net result
€-39k
2024 · €8k
2018: €25k
2019: €11k
2020: €-78k
2021: €-28k
2022: €-17k
2023: €-4k
2024: €8k
2018 → 2025
Total assets
€1.87M▲ 29.4%
2024 · €1.44M
2018: €1.38M
2019: €1.57M
2020: €1.74M
2021: €1.67M
2022: €1.61M
2023: €1.53M
2024: €1.44M
2018 → 2025
Solvency
9.8%▼ 5.6pp
2024 · 15.4%
2018: 23.8%
2019: 21.7%
2020: 15.1%
2021: 14.0%
2022: 13.5%
2023: 14.0%
2024: 15.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€235k-€218k▼ 7.0%€214k▼ 1.9%€222k▲ 3.9%€184k▼ 17.4%
Operating result€12k-€22k▲ 86.4%€40k▲ 76.1%€48k▲ 20.5%€-13k
Net result€-28k-€-17k▲ 40.3%€-4k▲ 75.3%€8k€-39k
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 €13k after €48k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€1.80M▲ 28.2%
Current assets
€66k▲ 74.6%
Equity and liabilities €1.87M
Equity
€184k▼ 17.4%
Debt
€1.69M▲ 37.9%
The debt ratio rises from 84.6% to 90.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
9.8%▼
2024 · 15.4%
ROE
-21.0%▼
2024 · 3.8%
ROA
-2.1%▼
2024 · 0.6%
Debt
€1.69M▲
2024 · €1.22M
Debt ≤ 1 year
€750k▲
2024 · €624k
Debt > 1 year
€931k▲
2024 · €575k
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€1.44M€1.87M▲
Fixed assets21/28€1.41M€1.80M▲
Tangible fixed assets22/27€1.41M€1.80M▲
Land and buildings22€845k€1.80M▲
Other tangible fixed assets26€562k€0▼
Current assets29/58€38k€66k▲
Amounts receivable within one year40/41€558€36k▲
Trade receivables40€471€24▼
Other amounts receivable41€87€36k▲
Cash at bank and in hand54/58€37k€28k▼
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.87M▲
Equity10/15€222k€184k▼
Contributions10/11€400k€400k=
Profit (loss) carried forward14€-178k€-216k▼
Amounts payable17/49€1.22M€1.69M▲
Amounts payable after more than one year17€575k€931k▲
Financial debts170/4€515k€871k▲
Other amounts payable178/9€60k€60k=
Amounts payable within one year42/48€624k€750k▲
Current portion of amounts payable after more than one year42€71k€95k▲
Trade debts44€866€2k▲
Suppliers440/4€866€2k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Other amounts payable47/48€551k€652k▲
Accrued charges and deferred income492/3€23k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€106k▲
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€147k€100k▼
Operating profit (loss)9901€48k€-13k▼
Financial income75/76B-€316
Recurring financial income75-€316
Financial charges65/66B€39k€26k▼
Recurring financial charges65€39k€26k▼
Profit (loss) for the period before taxes9903€8k€-39k▼
Profit (loss) for the period9904€8k€-39k▼
Profit (loss) for the period to be appropriated9905€8k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-178k€-216k▼
Profit (loss) brought forward from the previous period14P€-186k€-178k▲
The notes to these accounts (17 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 4 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-78k ▼814%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2014
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.
Wittestraat(Heu) 28501 KortrijkGround area
6,881 m²
Building footprint
444 m²
Volume, LiDAR
1,389 m³
Parcel 34016B0697/00F000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THIJST
since 20142.236.135.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0697/00F000 | Flanders | 6,881 m² | 1 · 444 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
NB PATRIMOINE
BE 0799.621.379
Saint-Ghislain · Eq €184k
AS INVEST & CONSULT
BE 0837.507.304
Veurne · Eq €184k
VPC Invest Holding
BE 0632.616.281
Schilde · Eq €184k
OPEN VELD
BE 0627.621.969
Brussel · Eq €184k
SEAK
BE 0502.381.014
Zonhoven · Eq €184k
Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2014
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.