Thiriet James

Active

Private limited companyfounded 20242 yrs activeHoogstraat 21, 8531 Harelbeke, BelgiumKBO/BCE: BE 1004.528.040

Thiriet James has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €18k. Its solvency ranks better than 21% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2025

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability66▲+31

Solvency34▲+4

Growth78

Track record82

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity short (current ratio 0.32 against 0.19 in 2024; short-term debt: 37.1% and cash: 7.1% of total assets), and 90.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

9.2%

Return on assets

4.4%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 16

Relative position

BE, all sectors

reference

Sector 16

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 542 sector peers (2025).

NBB · sector comparison

Position among 542 sector peers

Solvency

better than 21%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filings

Deviation from the deadline

2025

28 d late

2024

28 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€38k▲ 94.5%

2024 · €19k

2024: €19k

2024 → 2025

Total assets

€414k▲ 6.8%

2024 · €387k

2024: €387k

2024 → 2025

Net result

€18k

2024 · €-519

2024: €-519

2024 → 2025

Working capital

€-104k▲ 1.4%

2024 · €-105k

2024: €-105k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€19k-€38k▲ 94.5%

Operating result€10k-€33k▲ 242%

Net result€-519-€18k

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

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 242% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €412k

88.0%

12%

Fixed assets €363k▲ 0.9%

Current assets €49k▲ 93.7%

Equity and liabilities €414k

90.8%

Equity €38k▲ 94.5%

Debt €376k▲ 2.2%

The debt ratio falls from 95.0% to 90.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€46k▲

2024 · €19k

Cash flow

€31k▲

2024 · €9k

Solvency

9.2%▲

2024 · 5.0%

Current ratio

0.32▲

2024 · 0.19

Quick ratio

0.31▲

2024 · 0.18

Debt / equity

9.92▼

2024 · 18.88

ROE

48.6%▲

2024 · -2.7%

ROA

4.4%▲

2024 · -0.1%

Interest coverage

4.95▲

2024 · 1.98

Debt

€376k▲

2024 · €368k

Debt ≤ 1 year

€153k▲

2024 · €131k

Debt > 1 year

€223k▼

2024 · €237k

Income taxes

€5k▲

2024 · €752

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€387k€414k▲

Formation expenses20€2k€2k▼

Fixed assets21/28€360k€363k▲

Tangible fixed assets22/27€360k€363k▲

Land and buildings22€349k€340k▼

Plant, machinery and equipment23€9k€11k▲

Furniture and vehicles24€1k€12k▲

Current assets29/58€25k€49k▲

Stocks and contracts in progress3€2k€2k▼

Stocks30/36€2k€2k▼

Amounts receivable within one year40/41€17k€18k▲

Trade receivables40€14k€12k▼

Other amounts receivable41€3k€6k▲

Current investments50/53€4k-

Cash at bank and in hand54/58-€29k

Deferred charges and accrued income490/1€2k€830▼

Equity and liabilities

Total equity and liabilities10/49€387k€414k▲

Equity10/15€19k€38k▲

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-519€18k▲

Amounts payable17/49€368k€376k▲

Amounts payable after more than one year17€237k€223k▼

Financial debts170/4€237k€223k▼

Amounts payable within one year42/48€131k€153k▲

Current portion of amounts payable after more than one year42€14k€14k▲

Trade debts44€16k€19k▲

Suppliers440/4€16k€19k▲

Advances received on contracts in progress46€2k€21k▲

Taxes, remuneration and social security45€4k€8k▲

Taxes450/3€2k€8k▲

Remuneration and social security454/9€2k-

Other amounts payable47/48€96k€91k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲

Other operating charges640/8€863€1k▲

Gross operating margin9900€20k€47k▲

Operating profit (loss)9901€10k€33k▲

Financial income75/76B€367€49▼

Recurring financial income75€367€49▼

Financial charges65/66B€10k€9k▼

Recurring financial charges65€10k€9k▼

Profit (loss) for the period before taxes9903€233€24k▲

Income taxes67/77€752€5k▲

Profit (loss) for the period9904€-519€18k▲

Profit (loss) for the period to be appropriated9905€-519€18k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-519€18k▲

Profit (loss) brought forward from the previous period14P-€-519

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 28 days late

2025

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Harelbeke · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Hoogstraat 218531 Harelbeke

Ground area

369 m²

Building footprint

99 m²

Volume, LiDAR

658 m³

Parcel 34004A0112/00L000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Thiriet James

Hoogstraat 21, 8531 HarelbekeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20242.355.737.446

1 parcel

Flanders 1 (100%)