Equity
Thinline paid out €708,000 in dividends. That is 1,084% of the 2025 profit.
Thinline paid out €708,000 in dividends. That is 1,084% of the 2025 profit.
The result fell in 2025 from €196,716 to €65,308.
Green is investment, beige is depreciation. Machinery stands 39.7% higher than in 2024.
In 2025, 1 person joined and 1 left.
Short-term debts rose from €108,486 to €117,340.
More equity than 91% of companies in computer programming and consultancy. Sector median €69,058 · 21,211 companies.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 62, micro). It does better than 69% of them on solvency, 77% on liquidity, 49% on profitability and 11% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as Thinline has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Thinline itself: < 0.1% within 12 months.
The method was tested on the 497,447 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for Thinline. 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.
Liquidity is ample, with a current ratio of 3.85 (9.81 in 2024), above the usual 1.5. Short-term debt is 25.3% and cash 69.3% of total assets. 25.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Thinline Ghent | €463,545 | €250,800 | 74.7% | - |
| Interaictive Ghent | €557,054 | €238,292 | 30.3% | - |
| J&I CONSULT Temse | €461,175 | €232,080 | 30.7% | - |
| ASORECO Nazareth-De Pinte | €524,317 | €223,849 | 18.2% | - |
| COM'CERT Hoeilaart | €469,579 | €218,307 | 70.6% | - |
| TRIPTYK Mons | €428,750 | €283,921 | 53.4% | 0 |
| IDF CONSULTING Charleroi | €408,199 | €237,469 | 48.6% | - |
These companies have the same main activity as Thinline: computer programming (NACE 62100). They are comparable in size and age: total assets between €408,000 and €557,000, founded between 2008 and 2010.
Thinline files the micro format. That format states no turnover. The gross margin rose from €3,374 in 2009 to €250,800 in 2025.
Citizens Holding holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €660,000. Estimated: probably between €440,000 and €1.1m.
Higher than 67% of 21,205 companies in 2025.
Higher than 67% of 20,568 companies in 2025.
Higher than 43% of 20,743 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
463,545 | 1.1m | 866,355 | 682,845 | 546,657 | 403,434 | 302,612 | 257,315 | 196,577 | 188,970 | 153,408 | 139,096 | 61,908 | 54,333 | 64,481 | 23,093 | 33,762 | |
21/28 |
12,012 | 54,187 | 78,582 | 103,283 | 53,666 | 24,443 | 41,674 | 72,784 | 36,316 | 14,243 | 12,873 | 21,982 | 8,332 | 11,991 | 8,926 | 10,343 | 3,385 | |
22/27 |
7,474 | 54,187 | 78,582 | 103,283 | 53,666 | 24,443 | 41,674 | 72,784 | 36,316 | 14,243 | 12,873 | 21,982 | 8,332 | 10,791 | 8,926 | 10,343 | 3,385 | |
23 |
6,544 | 4,684 | 6,433 | 8,238 | 8,774 | 1,147 | 4,057 | 4,320 | 1,344 | 1,963 | 3,702 | 3,038 | 1,352 | 282 | 376 | 3,827 | - | |
24 |
930 | 49,503 | 72,149 | 95,045 | 44,892 | 23,295 | 37,617 | 68,464 | 34,972 | 12,280 | 9,171 | 18,944 | 6,980 | 10,509 | 8,550 | 6,516 | 3,385 | |
28 |
4,538 | - | - | - | - | - | - | - | - | - | - | - | - | 1,200 | - | - | - | |
29/58 |
451,533 | 1.1m | 787,773 | 579,562 | 492,991 | 378,992 | 260,938 | 184,532 | 160,262 | 174,726 | 140,535 | 117,114 | 53,576 | 42,342 | 55,555 | 12,751 | 30,377 | |
40/41 |
130,474 | 145,549 | 112,582 | 102,654 | 133,558 | 95,509 | 72,489 | 70,754 | 46,973 | 35,367 | 25,336 | 38,097 | 19,274 | 23,600 | 11,797 | 10,750 | 21,846 | |
40 |
130,365 | 129,060 | 95,959 | 97,997 | 133,558 | 93,745 | 61,176 | 45,363 | 43,698 | 35,182 | 24,519 | 36,721 | 16,781 | 22,918 | 10,118 | 8,253 | 21,084 | |
41 |
108 | 16,489 | 16,623 | 4,657 | - | 1,764 | 11,314 | 25,391 | 3,276 | 184 | 817 | 1,376 | 2,493 | 681 | 1,679 | 2,497 | 761 | |
50/53 |
- | 0 | 500,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
321,060 | 917,364 | 172,454 | 474,067 | 359,432 | 280,448 | 186,743 | 111,078 | 113,288 | 136,702 | 113,877 | 77,628 | 34,303 | 18,242 | 43,757 | 1,953 | 8,012 | |
490/1 |
0 | 833 | 2,737 | 2,842 | - | 3,035 | 1,706 | 2,700 | - | 2,657 | 1,323 | 1,389 | - | 500 | - | 48 | 519 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
463,545 | 1.1m | 866,355 | 682,845 | 546,657 | 403,434 | 302,612 | 257,315 | 196,577 | 188,970 | 153,408 | 139,096 | 61,908 | 54,333 | 64,481 | 23,093 | 33,762 | |
10/15 |
346,205 | 988,897 | 792,181 | 599,463 | 484,081 | 360,439 | 274,822 | 224,983 | 159,352 | 135,951 | 111,749 | 82,709 | 39,118 | 32,432 | 29,744 | 4,685 | 5,371 | |
10/11 |
6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | 6,201 | |
100 |
- | - | - | - | - | - | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | 18,603 | |
101 |
- | - | - | - | - | - | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | 12,402 | |
13 |
340,004 | 982,696 | 592,573 | 592,573 | 477,192 | 353,550 | 267,933 | 218,093 | 152,462 | 129,061 | 104,860 | 75,860 | 31,860 | 24,860 | 1,200 | - | - | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,200 | - | - | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
340,004 | 982,696 | 590,713 | 590,713 | 475,332 | 351,690 | 266,073 | 216,233 | 150,602 | 127,201 | 103,000 | 74,000 | 30,000 | 23,000 | - | - | - | |
14 |
0 | 0 | 193,407 | 688 | 688 | 688 | 688 | 688 | 688 | 688 | 688 | 648 | 1,057 | 1,371 | 22,343 | -1,516 | -830 | |
17/49 |
117,340 | 129,036 | 74,174 | 83,383 | 62,576 | 42,995 | 27,790 | 32,333 | 37,226 | 53,019 | 41,659 | 56,387 | 22,790 | 21,901 | 34,736 | 18,408 | 28,391 | |
42/48 |
117,340 | 108,486 | 73,574 | 83,383 | 62,576 | 42,995 | 27,790 | 27,333 | 36,626 | 46,831 | 29,659 | 41,487 | 22,790 | 21,901 | 34,736 | 18,408 | 28,391 | |
42 |
1,296 | 1,296 | 1,296 | 1,296 | - | - | - | - | - | - | - | - | - | - | - | 1,276 | - | |
44 |
32,892 | 11,269 | 11,250 | 5,440 | 14,376 | 12,867 | 3,752 | 8,059 | 3,445 | 12,571 | 4,277 | 9,733 | 12,747 | 7,140 | 8,930 | 8,458 | 3,126 | |
440/4 |
32,892 | 11,269 | 11,250 | 5,440 | 14,376 | 12,867 | 3,752 | 8,059 | 3,445 | 12,571 | 4,277 | 9,733 | 12,747 | 7,140 | 8,930 | 8,458 | 3,126 | |
46 |
2,550 | 8,600 | 8,404 | 13,500 | 3,148 | 0 | 2,450 | 825 | 3,900 | - | - | - | - | - | - | - | 14,850 | |
45 |
80,345 | 82,708 | 47,682 | 59,478 | 41,385 | 26,498 | 18,906 | 15,500 | 23,673 | 32,612 | 24,360 | 31,652 | 10,043 | 14,761 | 25,806 | 3,109 | 8,907 | |
450/3 |
55,443 | 46,478 | 31,915 | 38,950 | 30,089 | 16,528 | 9,581 | 4,479 | 17,872 | 25,388 | 17,012 | 23,029 | 2,716 | 4,383 | 17,163 | 3,109 | 5,932 | |
454/9 |
24,902 | 36,230 | 15,767 | 20,529 | 11,296 | 9,970 | 9,325 | 11,020 | 5,800 | 7,224 | 7,348 | 8,623 | 7,327 | 10,378 | 8,644 | - | 2,975 | |
47/48 |
257 | 4,612 | 4,941 | 3,668 | 3,668 | 3,630 | 2,683 | 2,949 | 5,608 | 1,649 | 1,022 | 101 | - | - | - | 5,566 | 1,507 | |
492/3 |
0 | 20,550 | 600 | - | - | - | 0 | 5,000 | 600 | 6,188 | 12,000 | 14,900 | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 112,694 | |
76A |
- | - | 0 | 11,685 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
250,800 | 397,393 | 392,120 | 314,056 | 290,207 | 229,396 | 153,640 | 172,737 | 133,130 | 111,236 | 100,840 | 121,837 | 83,049 | 81,998 | 105,839 | 33,368 | 3,374 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 109,320 | |
62 |
155,070 | 118,544 | 113,606 | 128,059 | 98,168 | 86,741 | 62,252 | 48,861 | 73,421 | 54,392 | 43,580 | 41,144 | 68,358 | 68,287 | 57,942 | 25,988 | 999 | |
630 |
3,119 | 28,067 | 26,906 | 21,104 | 13,366 | 17,231 | 17,815 | 23,622 | 10,885 | 14,584 | 12,029 | 12,290 | 5,139 | 8,639 | 7,485 | 6,317 | 2,596 | |
640/8 |
107 | 2,018 | 717 | 588 | 523 | 1,191 | 2,276 | 6,527 | 11,140 | 733 | 1,112 | 2,246 | 386 | 804 | 333 | 1,129 | 349 | |
9901 |
92,505 | 248,764 | 250,891 | 164,305 | 178,150 | 124,233 | 71,297 | 93,727 | 37,684 | 41,528 | 44,120 | 66,157 | 9,165 | 4,267 | 40,079 | -66 | -570 | |
75/76B |
34 | 10,253 | 3,418 | 1,286 | 135 | 129 | 330 | 96 | 2,356 | 155 | 72 | 350 | 161 | 239 | 83 | 17 | 10 | |
75 |
34 | 10,253 | 3,418 | 1,286 | 135 | 129 | 330 | 96 | 2,356 | 155 | 72 | 350 | 161 | 239 | 83 | 17 | 10 | |
65/66B |
583 | 468 | 431 | 313 | 112 | 503 | 565 | 498 | 1,389 | 1,054 | 111 | 784 | 28 | 460 | 496 | 353 | 270 | |
65 |
583 | 468 | 431 | 313 | 112 | 503 | 565 | 498 | 1,389 | 1,054 | 111 | 784 | 28 | 460 | 496 | 353 | 270 | |
9903 |
91,955 | 258,548 | 253,879 | 165,279 | 178,173 | 123,860 | 71,062 | 93,324 | 38,650 | 40,629 | 44,081 | 65,722 | 9,298 | 4,046 | 39,666 | -403 | -830 | |
67/77 |
26,647 | 61,832 | 61,160 | 49,897 | 54,531 | 38,243 | 21,223 | 27,693 | 15,249 | 16,428 | 15,041 | 22,131 | 2,613 | 1,358 | 14,606 | 283 | - | |
9904 |
65,308 | 196,716 | 192,718 | 115,382 | 123,642 | 85,617 | 49,839 | 65,631 | 23,401 | 24,201 | 29,040 | 43,592 | 6,685 | 2,688 | 25,059 | -686 | -830 | |
9905 |
65,308 | 196,716 | 192,718 | 115,382 | 123,642 | 85,617 | 49,839 | 65,631 | 23,401 | 24,201 | 29,040 | 43,592 | 6,685 | 2,688 | 25,059 | -686 | -830 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
65,308 | 390,123 | 193,407 | 116,070 | 124,330 | 86,305 | 50,528 | 66,319 | 24,089 | 24,890 | 29,688 | 44,648 | 8,057 | 25,031 | 23,543 | -1,516 | -830 | |
14P |
0 | 193,407 | 688 | 688 | 688 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
642,692 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
0 | 390,123 | 0 | 115,382 | 123,642 | 85,617 | 49,839 | 65,631 | 23,401 | 24,201 | 29,000 | 44,000 | 7,000 | 23,660 | 1,200 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 660 | 1,200 | - | - | |
6921 |
0 | 390,123 | 0 | 115,382 | 123,642 | 85,617 | 49,839 | 65,631 | 23,401 | 24,201 | 29,000 | 44,000 | 7,000 | 23,000 | - | - | - | |
694/7 |
708,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
708,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
3.1 | 4 | 3 | 3 | 2.6 | 2.2 | 1.2 | 1.2 | 1.5 | 1 | 1 | 1 | 2 | 2 | 2 | 1.4 | 0.1 | |
Hours worked1013 |
5,382 | 4,450 | 3,898 | 4,499 | 3,602 | 3,496 | 2,052 | 1,930 | 2,703 | 1,740 | 1,740 | 1,733 | 3,496 | 3,504 | 3,450 | 1,908 | 91 | |
| Document | ||||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00240121 | |
| 31-12-2024 | micro format | 13-05-2025 | 2025-00097415 | |
| 31-12-2023 | micro format | 25-04-2024 | 2024-00078805 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00097701 | |
| 31-12-2021 | micro format | 07-06-2022 | 2022-20057789 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-51300163 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40600023 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-51100358 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-15800236 | |
| 31-12-2016 | abbreviated format | 30-09-2017 | 2017-64300409 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55900451 | |
| 31-12-2014 | abbreviated format | 08-09-2015 | 2015-58000527 | |
| 31-12-2013 | abbreviated format | 30-08-2014 | 2014-57900101 | |
| 31-12-2012 | abbreviated format | 31-08-2013 | 2013-54400570 | |
| 31-12-2011 | abbreviated format | 27-08-2012 | 2012-46200246 | |
| 31-12-2010 | abbreviated format | 30-08-2011 | 2011-47500454 | |
| 31-12-2009 | abbreviated format | 29-08-2010 | 2010-45300003 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €150 | €150 |
| 2022 | 1 | €119 | €119 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 95,623 | 276,831 | 277,797 | 185,409 | 191,516 | 141,464 | 89,112 | 117,349 | 48,569 | 56,111 | 56,149 | 78,446 | 14,304 | 12,906 | 47,563 | 6,251 | 2,026 | ||
| 68,427 | 224,784 | 219,624 | 136,486 | 137,008 | 102,848 | 67,655 | 89,253 | 34,286 | 38,785 | 41,069 | 55,881 | 11,824 | 11,327 | 32,544 | 5,631 | 1,766 | ||
| 11,685 | 3,672 | 2,205 | 81,660 | 42,590 | 0 | 6,480 | 60,090 | 33,935 | 15,954 | 2,920 | 30,871 | 2,679 | 11,704 | 6,068 | 13,275 | 5,981 | ||
| -596,304 | 744,910 | -301,613 | 114,634 | 78,985 | 93,705 | 75,665 | -2,211 | -23,414 | 22,825 | 36,249 | 43,325 | 16,060 | -25,515 | 41,805 | -6,060 | - | ||
| 334,193 | 955,260 | 714,199 | 496,180 | 430,414 | 335,996 | 233,148 | 157,199 | 123,636 | 127,895 | 110,877 | 75,627 | 30,786 | 20,441 | 20,818 | -5,658 | 1,986 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.5% | ||
| 74.7% | 88.5% | 91.4% | 87.8% | 88.6% | 89.3% | 90.8% | 87.4% | 81.1% | 71.9% | 72.8% | 59.5% | 63.2% | 59.7% | 46.1% | 20.3% | 15.9% | ||
| 3.85 | 9.81 | 10.71 | 6.95 | 7.88 | 8.81 | 9.39 | 6.75 | 4.38 | 3.73 | 4.74 | 2.82 | 2.35 | 1.93 | 1.60 | 0.69 | 1.07 | ||
| 0.34 | 0.13 | 0.09 | 0.14 | 0.13 | 0.12 | 0.10 | 0.14 | 0.23 | 0.39 | 0.37 | 0.68 | 0.58 | 0.68 | 1.17 | 3.93 | 5.29 | ||
| 18.9% | 19.9% | 24.3% | 19.2% | 25.5% | 23.8% | 18.1% | 29.2% | 14.7% | 17.8% | 26.0% | 52.7% | 17.1% | 8.3% | 84.2% | -14.6% | -15.5% | ||
| 14.1% | 17.6% | 22.2% | 16.9% | 22.6% | 21.2% | 16.5% | 25.5% | 11.9% | 12.8% | 18.9% | 31.3% | 10.8% | 4.9% | 38.9% | -3.0% | -2.5% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 68 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 8 | 3 | 3 | 3 |
| full-time | 4 | 4 | 3 | 3 | 3 |
| part-time | 0 | 4 | 0 | - | - |
| in full-time equivalents | 4 | 0 | 3 | 3 | 3 |
| 3.1 | 4 | 3 | 3 | 2.6 | |
| On a permanent contract | 4 | 4 | 3 | 3 | 3 |
| Joined | 1 | 1 | - | - | 1 |
| Left | 1 | 0 | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,910 | €3,672 | €2,205 | €81,660 | €42,590 |
| Financial fixed assets | €5,775 | - | - | - | - |
| €3,119 | €28,067 | €26,906 | €21,104 | €13,366 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 63% lower than in 2024 and the lowest since 2019. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 11.5% to 25.3%. Equity and debt are lower.
Source: list of holdings in the 2025 accounts of Citizens Holding. Every holding stands with its own latest accounts.
| Citizens Holding
establishment since 07-11-2023 · founded in 2023 |
total assets €14.6m (2025) 1001.983.175 |
| NAXAN
establishment since 20-10-2026 |
founded in 2026 1044.270.326 |
| Groepspraktijk Verbonden
establishment since 07-12-2025 |
founded in 2025 1031.252.332 |
| Landmeters-en Vastgoedbureau DEMOOR
registered office since 13-10-2023 |
founded in 2023 1001.182.629 |
| Van Canneyt, Hilde (sole trader)
establishment since 01-01-2008 |
founded in 2008 0893.484.915 |
| Federale Overheidsdienst Mobiliteit en Vervoer
establishment since 01-07-2003 |
founded in 1968 0308.357.852 |
The network starts from the directors of Thinline. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Visserij 43 registered office 9000 Ghent | 05-09-2008 | 2.175.053.071 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44804D3643/00S000 | 1,432 m² | 1 · 857 m² | 20.6 m · 3 |
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