THILT
ActiveSummary
THILT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€903) and a net result of -€7,018. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 4565 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency24▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.96 in 2024; short-term debt: 101.5% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.5%
Return on assets
-11.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€903
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 14-06-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
14 d late
2023
26 d early
2022
21 d late
2021
28 d late
2020
30 d late
2019
31 d late
← 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 7 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,018▲ 53.9%
2024 · -€15,227
Working capital
-€7,729▼ 199%
2024 · -€2,587
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€4,556€3,345▼ 26.6%€8,612▲ 157%-€14,999-€6,745▲ 55.0%
Net result€4,403€3,129▼ 28.9%€8,119▲ 159%-€15,227-€7,018▲ 53.9%
Equity€10,094▲ 77.4%€13,223▲ 31.0%€21,342▲ 61.4%€6,115▼ 71.3%-€903
Total assets€56,286▲ 30.8%€54,781▼ 2.7%€52,376▼ 4.4%€63,772▲ 21.8%€60,397▼ 5.3%
Debt€46,192▲ 23.7%€41,558▼ 10.0%€31,034▼ 25.3%€57,657▲ 85.8%€61,300▲ 6.3%
Working capital-€2,526€2,460€12,263▲ 398%-€2,587-€7,729▼ 199%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,745 in 2025 against €14,999 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,397
Fixed assets
€6,826 ▼ 21.6%
Current assets
€53,571 ▼ 2.7%
Key figures and ratios
EBITDA
-€4,869▲
2024 · -€13,123
Cash flow
-€5,142▲
2024 · -€13,351
Solvency
-1.5%▼
2024 · 9.6%
Current ratio
0.87▼
2024 · 0.96
Quick ratio
0.69▼
2024 · 0.76
ROA
-11.6%▲
2024 · -23.9%
Interest coverage
-17.84▲
2024 · -56.81
Debt ≤ 1 year
€61,300▲
2024 · €57,657
Equity ratios withheld: equity of -€903 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,550 | €10,748 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,652 | €1,857 | €1,751 | €1,876 | €1,876 | = |
| Other operating charges640/8 | €348 | €348 | €385 | €388 | €400 | ▲ 3.1% |
| Gross operating margin9900 | €7,556 | €5,550 | €10,748 | -€12,735 | -€4,469 | ▲ 64.9% |
| Operating profit (loss)9901 | €4,556 | €3,345 | €8,612 | -€14,999 | -€6,745 | ▲ 55.0% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | - | - | - | €3 | - | - |
| Financial charges65/66B | €153 | €216 | €493 | €231 | €273 | ▲ 18.2% |
| Recurring financial charges65 | €153 | €216 | €493 | €231 | €273 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €4,403 | €3,129 | €8,119 | -€15,227 | -€7,018 | ▲ 53.9% |
| Profit (loss) for the period9904 | €4,403 | €3,129 | €8,119 | -€15,227 | -€7,018 | ▲ 53.9% |
| Profit (loss) for the period to be appropriated9905 | €4,403 | €3,129 | €8,119 | -€15,227 | -€7,018 | ▲ 53.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,286 | €54,781 | €52,376 | €63,772 | €60,397 | ▼ 5.3% |
| Fixed assets21/28 | €12,620 | €10,763 | €9,079 | €8,702 | €6,826 | ▼ 21.6% |
| Tangible fixed assets22/27 | €12,620 | €10,763 | €9,012 | €8,635 | €6,759 | ▼ 21.7% |
| Plant, machinery and equipment23 | €11,334 | €9,734 | €8,239 | €8,635 | €6,759 | ▼ 21.7% |
| Furniture and vehicles24 | €1,286 | €1,029 | €773 | - | - | - |
| Financial fixed assets28 | - | - | €67 | €67 | €67 | = |
| Current assets29/58 | €43,666 | €44,018 | €43,297 | €55,070 | €53,571 | ▼ 2.7% |
| Stocks and contracts in progress3 | €11,206 | €11,186 | €11,165 | €11,165 | €11,165 | = |
| Stocks30/36 | €11,206 | €11,186 | €11,165 | €11,165 | €11,165 | = |
| Amounts receivable within one year40/41 | €32,424 | €32,808 | €31,937 | €43,806 | €42,402 | ▼ 3.2% |
| Trade receivables40 | €6,425 | €7,333 | €6,850 | €18,726 | €17,269 | ▼ 7.8% |
| Other amounts receivable41 | €25,999 | €25,475 | €25,087 | €25,080 | €25,133 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €36 | €24 | €195 | €99 | €4 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,286 | €54,781 | €52,376 | €63,772 | €60,397 | ▼ 5.3% |
| Equity10/15 | €10,094 | €13,223 | €21,342 | €6,115 | -€903 | ▼ 115% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€65,274 | -€62,145 | -€54,026 | -€69,253 | -€76,271 | ▼ 10.1% |
| Amounts payable17/49 | €46,192 | €41,558 | €31,034 | €57,657 | €61,300 | ▲ 6.3% |
| Amounts payable within one year42/48 | €46,192 | €41,558 | €31,034 | €57,657 | €61,300 | ▲ 6.3% |
| Trade debts44 | €551 | €1,272 | €1,177 | €4,661 | €123 | ▼ 97.4% |
| Suppliers440/4 | €551 | €1,272 | €1,177 | €4,661 | €123 | ▼ 97.4% |
| Other amounts payable47/48 | €45,641 | €40,286 | €29,857 | €52,996 | €61,177 | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,403 | €3,129 | €8,119 | -€15,227 | -€7,018 | ▲ 53.9% |
| + Depreciation and write-downs630 | €2,652 | €1,857 | €1,751 | €1,876 | €1,876 | = |
| Operating cash flow (approximation) | €7,055 | €4,986 | €9,870 | -€13,351 | -€5,142 | ▲ 61.5% |
| Investment in fixed assets (approximation) | - | €0 | -€67 | -€1,499 | €0 | ▲ 100% |
| Change in cash | - | -€12 | €171 | -€96 | -€95 | ▲ 1.0% |
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
14-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet -€15,227
Net result drops to -€15,227, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €8,119 ▲159%
Operating result €8,612, net result €8,119, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
31-12
Financial
Back to profitnet €4,403
Net result €4,403 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 1 establishment unit since 2001
Ground area
1,078 m²
Building footprint
724 m²
Volume, LiDAR
12,171 m³
Parcel 21447B0139/00E013, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Vleurgatse Steenweg 282, 1050 Elsene
since 20012.069.224.190
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0139/00E013 | Brussels | 1,078 m² | 1 · 724 m² | 19.9 m · 6 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.
Similar companies · same sector, comparable size
IMMOPROMOSUD
BE 0451.204.309
Liège · Eq €6,105
BHS GROUP IMMOBILIER
BE 0767.808.646
Flémalle · Eq €6,144
GIC DLW
BE 0465.923.959
Comines-Warneton · Eq €6,171
Finding Immo
BE 1011.131.265
Houthalen-Helchteren · Eq €6,058
LZJ
BE 0738.506.134
Elsene · Eq €6,196
Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 2,266 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
Founded03-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
46499Wholesale of other household goods
63920Other information service activities
Scores and ratios are computed by Checked and are not a credit decision.