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Thill

Active
Private limited companyfounded 20251 yr activeLeopold II Laan(Odk) 1, 8670 Koksijde, BelgiumKBO/BCE: BE 1021.059.612
Summary

The computed 12-month bankruptcy probability of Thill is 1.6% (moderate). The 2025 annual accounts show equity of €8,573 and a net result of €4,573. Its solvency ranks better than 26% of 28051 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability85
Solvency49
Growth-
Track record67
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.74; short-term debt: 75.5% and cash: 46.5% of total assets), and 75.5% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 15-07-2026, 16 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
16 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Thill was incorporated on 14 March 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€8,573
Total assets
€35,060
Net result
€4,573
Working capital
-€6,761

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €35,060
Fixed assets €15,333
Current assets €19,727
Equity and liabilities €35,060
Equity €8,573
Debt €26,488
Debt finances 75.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€13,503
Cash flow
€12,239
Current ratio
0.74
Debt to equity
3.09
ROE
53.3%
ROA
13.0%
Interest coverage
862.28
Debt ≤ 1 year
€26,488
Income taxes
€1,250
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€35,060
Fixed assets21/28€15,333
Tangible fixed assets22/27€15,333
Plant, machinery and equipment23€733
Furniture and vehicles24€14,600
Current assets29/58€19,727
Amounts receivable within one year40/41€3,412
Trade receivables40€2,921
Other amounts receivable41€491
Cash at bank and in hand54/58€16,315
Equity and liabilities
Total equity and liabilities10/49€35,060
Equity10/15€8,573
Contributions10/11€4,000
Reserves13€4,573
Distributable reserves133€4,573
Amounts payable17/49€26,488
Amounts payable within one year42/48€26,488
Trade debts44€24,006
Suppliers440/4€24,006
Taxes, remuneration and social security45€1,250
Taxes450/3€1,250
Other amounts payable47/48€1,232
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,667
Gross operating margin9900€13,503
Operating profit (loss)9901€5,837
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€16
Recurring financial charges65€16
Profit (loss) for the period before taxes9903€5,823
Income taxes67/77€1,250
Profit (loss) for the period9904€4,573
Profit (loss) for the period to be appropriated9905€4,573
Appropriation of the result
Profit (loss) to be appropriated9906€4,573
Transfer to equity691/2€4,573
To other reserves6921€4,573

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,667
Gross operating margin9900€13,503
Operating profit (loss)9901€5,837
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€16
Recurring financial charges65€16
Profit (loss) for the period before taxes9903€5,823
Income taxes67/77€1,250
Profit (loss) for the period9904€4,573
Profit (loss) for the period to be appropriated9905€4,573
Line2025
Assets
Total assets20/58€35,060
Fixed assets21/28€15,333
Tangible fixed assets22/27€15,333
Plant, machinery and equipment23€733
Furniture and vehicles24€14,600
Current assets29/58€19,727
Amounts receivable within one year40/41€3,412
Trade receivables40€2,921
Other amounts receivable41€491
Cash at bank and in hand54/58€16,315
Equity and liabilities
Total equity and liabilities10/49€35,060
Equity10/15€8,573
Contributions10/11€4,000
Reserves13€4,573
Distributable reserves133€4,573
Amounts payable17/49€26,488
Amounts payable within one year42/48€26,488
Trade debts44€24,006
Suppliers440/4€24,006
Taxes, remuneration and social security45€1,250
Taxes450/3€1,250
Other amounts payable47/48€1,232
Line2025
Profit (loss) for the period9904€4,573
+ Depreciation and write-downs630€7,667
Operating cash flow (approximation)€12,239

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
387 m²
Building footprint
307 m²
Volume, LiDAR
1,870 m³
Parcel 38502E0149/00A000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thill
Leopold II Laan(Odk) 1, 8670 KoksijdeInstallation of industrial machinery and equipment
since 20252.371.461.443
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38502E0149/00A000 Flanders 387 m² 1 · 307 m² 13.0 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 96 EUR awarded · 96 EUR paid
Year Entries awardedpaid
2025 1 96 EUR96 EUR
Schemes
1 entry · 96 EUR · 96 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 5,080 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
Founded14-03-2025
Fiscal year end31-12
Activities, NACEBEL 2008
43211Specialised construction activities
43221Plumbing
90023Arts creation and performing arts activities

Scores and ratios are computed by Checked and are not a credit decision.