The 2016 accounts came 1 day late. The other nine of the last ten were filed on time.
Turnover not published (abbreviated format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 513 companies had the same profile as THIMO has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
Large
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for THIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0450882130
Capital decrease of €3,000,000 to €5,065,000
Capital from €8,065,000 to €5,065,000 · General meeting of 27-11-2023 · Gazette deed
Capital decrease of €4,123,000 to €8,065,000
Capital from €12,188,000 to €8,065,000 · Changes of role: Name hiddenVisible after signing in (managing director) and Hidden nameVisible after signing in (managing director) · Reappointments: Name after signing inVisible after signing in (director) and Name hiddenVisible after signing in (director) · General meeting of 23-05-2022 · Gazette deed
Reappointments: Hidden nameVisible after signing in (director and chair of the board) and Name after signing inVisible after signing in (managing director)
General meeting of 09-06-2020 · Gazette deed
“Het patrimonium,bestaande uit onroerende goederen te behouden,in de ruimste zin van het woord te…” (deed in Dutch)From the articles, 7 activitiesNo NACE code in the KBO yet