THIMERFIN

Active

Private limited companyfounded 200224 yrs activeRue de France,Forrières 14, 6953 Nassogne, BelgiumKBO/BCE: BE 0477.370.058

Summary

The computed 12-month bankruptcy probability of THIMERFIN is 1.9% (moderate). The 2024 annual accounts show equity of €126,439 and a net result of -€2,626. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 2002 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch Report Compare

THIMERFINActiveChecked score 53/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€193,275total assets 2024

Equity: €126,439
Loss: -€2,626

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2024

Bankruptcy chance 12 m: 1.9%

Structure

Accounts 66 d overdue0 of 1 deed read

Why 53- Figures for FY 2024 (filed 29-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 119 days late; 3 of the last 3 late+ Size: total assets €193,275+ Founded in 2002Show the evidence

Checked score

Score 2024

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 35% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Average

Solvency 90+1

equity 65.4% of total assets

Liquidity 42-3

short-term debt 34.6% · cash 5.6%

Profitability 34-2

return on assets -1.4%

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 5.3% 12-2024: 6.4%▲ +19.0% vs 11-2024highest value 01-2025: 1.8%▼ -71.8% vs 12-2024 02-2025: 1.8%● 0.0% vs 01-2025 03-2025: 1.8%▼ -0.8% vs 02-2025 04-2025: 1.9%▲ +5.7% vs 03-2025 05-2025: 2.0%▲ +4.8% vs 04-2025 06-2025: 2.5%▲ +24.7% vs 05-2025 07-2025: 2.5%▲ +3.1% vs 06-2025 08-2025: 3.1%▲ +23.8% vs 07-2025 09-2025: 3.8%▲ +21.3% vs 08-2025 10-2025: 5.6%▲ +46.4% vs 09-2025 11-2025: 5.8%▲ +3.7% vs 10-2025 12-2025: 1.8%▼ -69.4% vs 11-2025 01-2026: 1.8%▲ +1.4% vs 12-2025 02-2026: 1.8%● 0.0% vs 01-2026 03-2026: 1.8%▼ -0.8% vs 02-2026 04-2026: 1.9%▲ +5.7% vs 03-2026 05-2026: 2.0%▲ +4.8% vs 04-2026 06-2026: 2.5%▲ +24.7% vs 05-2026 07-2026: 2.5%▲ +1.3% vs 06-2026 08-2026: 3.1%▲ +26.1% vs 07-2026 09-2026: 1.4%▼ -56.1% vs 08-2026lowest value 10-2026: 1.9%▲ +39.8% vs 09-2026

Size: total assets €193,275 lowers the probability for this profile
Figures for FY 2024 (filed 29-11-2025) raises the probability
Founded in 2002 lowers the probability for this profile
1 financial year not filed after the legal deadline; latest accounts 119 days late; 3 of the last 3 late raises the probability

Credit up to €6,000 at 30 days only on tighter terms

Liquidity short (current ratio 0.27 against 0.35 in 2023; short-term debt: 34.6% and cash: 5.6% of total assets), and 34.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 55%, liquidity 24%, profitability 24%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Size: total assets €193,275

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Figures for FY 2024 (filed 29-11-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 2002

In the bankruptcy model this factor lowers the probability for this profile.

KBO

1 financial year not filed after the legal deadline; latest accounts 119 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

119 d late

2023

125 d late

2022

102 d late

2021

19 d late

2020

30 d late

2019

101 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 83 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Strikeout withdrawal