THIMATI
ActiveTHIMATI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225k and a net result of €31k. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+26
Solvency41▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.23 in 2024), and 66.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.2%
Return on assets
4.6%
Age of the figures
8 mo
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 27-03-2026, 126 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
126 d early
2024
119 d early
2023
97 d early
2022
4 d early
2021
61 d late
2020
31 d early
2019
66 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€225k▲ 7.8%
2024 · €209k
2018: €34k
2019: €47k
2020: €48k
2021: €77k
2022: €198k
2023: €201k
2024: €209k
2018 → 2025
Total assets
€679k▼ 5.0%
2024 · €715k
2018: €830k
2019: €877k
2020: €856k
2021: €807k
2022: €946k
2023: €893k
2024: €715k
2018 → 2025
Net result
€31k▲ 72.3%
2024 · €18k
2018: €15k
2019: €13k
2020: €790
2021: €29k
2022: €121k
2023: €3k
2024: €18k
2018 → 2025
Working capital
€-61k▲ 6.2%
2024 · €-65k
2018: €-271k
2019: €-269k
2020: €-271k
2021: €-81k
2022: €63k
2023: €69k
2024: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€198k▲ 157%€201k▲ 1.4%€209k▲ 4.1%€225k▲ 7.8%
Operating result€53k-€181k▲ 240%€32k▼ 82.2%€45k▲ 40.8%€60k▲ 32.8%
Net result€29k-€121k▲ 312%€3k▼ 97.7%€18k▲ 551%€31k▲ 72.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €679k
Fixed assets
€646k▼ 7.1%
Current assets
€33k▲ 66.7%
Equity and liabilities €679k
Equity
€225k▲ 7.8%
Debt
€454k▼ 10.3%
The debt ratio falls from 70.8% to 66.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▲
2024 · €94k
Cash flow
€80k▲
2024 · €66k
Solvency
33.2%▲
2024 · 29.2%
Current ratio
0.35▲
2024 · 0.23
Quick ratio
0.35▲
2024 · 0.23
Debt / equity
2.01▼
2024 · 2.42
ROE
13.9%▲
2024 · 8.7%
ROA
4.6%▲
2024 · 2.5%
Interest coverage
5.88▲
2024 · 4.42
Debt
€454k▼
2024 · €506k
Debt ≤ 1 year
€94k▲
2024 · €85k
Debt > 1 year
€360k▼
2024 · €421k
Income taxes
€10k▲
2024 · €6k
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€715k€679k▼
Fixed assets21/28€695k€646k▼
Tangible fixed assets22/27€695k€646k▼
Land and buildings22€687k€640k▼
Plant, machinery and equipment23€8k€6k▼
Current assets29/58€20k€33k▲
Amounts receivable within one year40/41€0€209▲
Trade receivables40€0€187▲
Other amounts receivable41-€22
Cash at bank and in hand54/58€20k€33k▲
Equity and liabilities
Total equity and liabilities10/49€715k€679k▼
Equity10/15€209k€225k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€184k€200k▲
Amounts payable17/49€506k€454k▼
Amounts payable after more than one year17€421k€360k▼
Financial debts170/4€421k€360k▼
Amounts payable within one year42/48€85k€94k▲
Current portion of amounts payable after more than one year42€61k€61k=
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€9k€9k▼
Suppliers440/4€9k€9k▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€10k€15k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€49k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€103k€119k▲
Operating profit (loss)9901€45k€60k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€24k€42k▲
Income taxes67/77€6k€10k▲
Profit (loss) for the period9904€18k€31k▲
Profit (loss) for the period to be appropriated9905€18k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€194k€215k▲
Profit (loss) brought forward from the previous period14P€176k€184k▲
Profit to be distributed694/7€10k€15k▲
Return on contributions (dividend)694€10k€15k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (11 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €201k ▲1.4%
6 profitable years in a row build equity to €201k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €121k ▲312%
Operating result €181k, net result €121k, both a record.
31-12
Financial
Liquidity times 7current ratio 1.19
Current ratio from 0.17 to 1.19.
31-12
Financial
Equity above €150kEq €198k ▲157%
5 profitable years in a row build equity to €198k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €790 ▼93.7%
Net result drops to €790, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oud-Turnhout · 1 establishment unit since 2009
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.
Beyntellus 12360 Oud-TurnhoutGround area
3,935 m²
Building footprint
1,590 m²
Volume, LiDAR
814 m³
2 parcels, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THIMATI
since 20092.207.312.994
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0776/00D000 | Flanders | 2,996 m² | 1 · 1,396 m² | - |
| 13047A0166/03D000 | Flanders | 939 m² | 1 · 194 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 · 1 entry · 287 EUR awarded · 287 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 287 EUR | 287 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2009
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.