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Thimaro

Active
Public limited companyfounded 1968active for 58 yearsEikenlaan 114, 8790 Waregem, BelgiumKBO/BCE: BE 0405.404.372
Summary

Thimaro has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €640,889 and a net result of -€3,891. Equity is growing by about 4.9% per year across the filed financial years. Its solvency ranks better than 93% of 2,305 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Freight transport by road
NACE 49410
1 site
Size
€729,373total assets 2025
Equity
€640,889
Loss
-€3,891
Turnover not published (abbreviated format)
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts filed 26 days late0 of 5 deeds read
Why 96raises riskSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1968Equity €640,889 (87.9% of total assets)Liquidity: current ratio 2.87, cash €224,809, halvedShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 87.9% of total assets
Liquidity 87-7
short-term debt 12.1% · cash 30.8%
Profitability 18+8
return on assets -0.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,064 companies, NACE 49, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.2%▲ +0.1 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.2 percentage points vs 05-2025 07-2025: 1.0%▲ +0.5 percentage points vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 0.9%▼ -0.1 percentage points vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 1.5%▲ +0.6 percentage points vs 01-2026highest value 03-2026: 1.5%● unchanged vs 02-2026highest value 04-2026: < 0.1%▼ -1.5 percentage points vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.87, compared with 2.84 in 2023; short-term debt: 12.1% and cash: 30.8% of total assets), and 12.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 92% on solvency, 89% on liquidity and 17% on profitability.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Founded in 1968
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €640,889 (87.9% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.87, cash €224,809, halved
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
26 days late
2023
29 days late
2022
1 day late
2020
5 days early
2019
54 days late
2018
29 days late
2017
30 days 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 23 days after the deadline; the sector median (NACE 49) for financial year 2023 is 1 day after the deadline, and 50% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 February (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Weakest financial yearnet -€63,823

Key points

  • Positive: Among the best 7% on solvencysector median 39.4% · 2,305 companies 87.9% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€3,891 View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Financial year
2025
Total assets
€729,373
Loss
-€3,891
Solvency
87.9%
Total assets▼ 24.0%
Net result
20182025
Go to Financials

Timeline

Events
51
Since
1978
Next accounts
by 31-01-2027
  1. 01-02-2023Annual accounts filed
  2. 30-06-2022Back to profit
  3. 30-06-2022Liquidity more than triples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
01-01-1968
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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