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THIO HOLDING

Active
Public limited companyfounded 20241 yr activeSint-Annastraat 55, 9250 Waasmunster, BelgiumKBO/BCE: BE 1015.765.291
Summary

The computed 12-month bankruptcy probability of THIO HOLDING is 1.6% (moderate). The 2025 annual accounts show equity of €55,168 and a net result of -€6,332. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability11
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 45.2; short-term debt: 2.2% of total assets), and 7.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
92.7%
Return on assets
-10.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THIO HOLDING was incorporated on 30 October 2024 as a Public limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€55,168
Total assets
€59,484
Net result
-€6,332
Working capital
€58,168

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Equity and liabilities €59,484
Equity €55,168
Debt €4,316
Debt finances 7.3% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
45.20
Debt to equity
0.08
ROE
-11.5%
ROA
-10.6%
Debt ≤ 1 year
€1,316

Peer companies

Historical observation

Of the 584 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.4% went bankrupt
6.0% stopped otherwise
93% still going

For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 584 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 25 lines
Balance sheet Code2025
Assets
Total assets20/58€59,484
Current assets29/58€59,484
Amounts receivable within one year40/41€59,484
Trade receivables40€6,002
Other amounts receivable41€53,483
Equity and liabilities
Total equity and liabilities10/49€59,484
Equity10/15€55,168
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€6,332
Amounts payable17/49€4,316
Amounts payable within one year42/48€1,316
Trade debts44€1,316
Suppliers440/4€1,316
Accrued charges and deferred income492/3€3,000
Income statement Code2025
Other operating charges640/8€7,089
Gross operating margin9900€1,469
Operating profit (loss)9901-€5,620
Financial charges65/66B€712
Recurring financial charges65€712
Profit (loss) for the period before taxes9903-€6,332
Profit (loss) for the period9904-€6,332
Profit (loss) for the period to be appropriated9905-€6,332
Appropriation of the result
Profit (loss) to be appropriated9906-€6,332

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€7,089
Gross operating margin9900€1,469
Operating profit (loss)9901-€5,620
Financial charges65/66B€712
Recurring financial charges65€712
Profit (loss) for the period before taxes9903-€6,332
Profit (loss) for the period9904-€6,332
Profit (loss) for the period to be appropriated9905-€6,332
Line2025
Assets
Total assets20/58€59,484
Current assets29/58€59,484
Amounts receivable within one year40/41€59,484
Trade receivables40€6,002
Other amounts receivable41€53,483
Equity and liabilities
Total equity and liabilities10/49€59,484
Equity10/15€55,168
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€6,332
Amounts payable17/49€4,316
Amounts payable within one year42/48€1,316
Trade debts44€1,316
Suppliers440/4€1,316
Accrued charges and deferred income492/3€3,000
Line2025
Profit (loss) for the period9904-€6,332
Operating cash flow (approximation)-€6,332

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waasmunster · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
4,092 m²
Volume, LiDAR
31,147 m³
Parcel 42342C2122/00K003, Flanders · tallest building 41.7 m, ±3 floors. Linked by address, not a title deed.
14 companies at this address See who is registered here
1 establishment unit
THIO HOLDING
Sint-Annastraat 55, 9250 WaasmunsterHoldings
since 20242.369.833.724
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42342C2122/00K003 Flanders 1.1 ha 1 · 4,092 m² 41.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded30-10-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015765291
Registered 26-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.