Thiro
ActiveThiro has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189k and a net result of €68k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-12
Solvency44▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.65 in 2024; short-term debt: 25.9% and cash: 0.2% of total assets), and 80.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.1%
Return on assets
6.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
1 d early
2022
55 d early
2021
25 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€189k▼ 16.3%
2024 · €226k
2021: €20k
2022: €99k
2023: €158k
2024: €226k
2021 → 2025
Total assets
€993k▼ 1.6%
2024 · €1.01M
2021: €720k
2022: €612k
2023: €953k
2024: €1.01M
2021 → 2025
Net result
€68k▼ 39.7%
2024 · €113k
2021: €60k
2022: €124k
2023: €104k
2024: €113k
2021 → 2025
Working capital
€-117k▼ 41.0%
2024 · €-83k
2021: €-119k
2022: €-122k
2023: €-178k
2024: €-83k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€99k▲ 395%€158k▲ 59.9%€226k▲ 42.8%€189k▼ 16.3%
Operating result€72k-€154k▲ 113%€140k▼ 9.5%€155k▲ 10.6%€100k▼ 35.2%
Net result€60k-€124k▲ 107%€104k▼ 15.9%€113k▲ 8.2%€68k▼ 39.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €993k
Fixed assets
€853k▼ 0.2%
Current assets
€140k▼ 9.3%
Equity and liabilities €993k
Equity
€189k▼ 16.3%
Debt
€803k▲ 2.7%
The debt ratio rises from 77.6% to 80.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€155k▼
2024 · €221k
Cash flow
€123k▼
2024 · €179k
Solvency
19.1%▼
2024 · 22.4%
Current ratio
0.54▼
2024 · 0.65
Quick ratio
0.50▼
2024 · 0.62
Debt / equity
4.24▲
2024 · 3.45
ROE
35.9%▼
2024 · 49.9%
ROA
6.9%▼
2024 · 11.2%
Interest coverage
5.27▼
2024 · 8.41
Debt
€803k▲
2024 · €782k
Debt ≤ 1 year
€257k▲
2024 · €237k
Debt > 1 year
€546k▲
2024 · €545k
Income taxes
€10k▼
2024 · €19k
Staff costs
€56k▼
2024 · €63k
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€1.01M€993k▼
Fixed assets21/28€854k€853k▼
Intangible fixed assets21€31k€22k▼
Tangible fixed assets22/27€823k€831k▲
Land and buildings22€763k€764k▲
Plant, machinery and equipment23€15k€25k▲
Furniture and vehicles24€44k€41k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€154k€140k▼
Stocks and contracts in progress3€8k€11k▲
Stocks30/36€8k€11k▲
Amounts receivable within one year40/41€136k€126k▼
Trade receivables40€4k€35k▲
Other amounts receivable41€132k€91k▼
Cash at bank and in hand54/58€8k€2k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€993k▼
Equity10/15€226k€189k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€221k€184k▼
Amounts payable17/49€782k€803k▲
Amounts payable after more than one year17€545k€546k▲
Financial debts170/4€545k€546k▲
Amounts payable within one year42/48€237k€257k▲
Current portion of amounts payable after more than one year42€38k€51k▲
Financial debts43€22k€23k▲
Credit institutions430/8€22k€23k▲
Trade debts44€40k€73k▲
Suppliers440/4€40k€73k▲
Taxes, remuneration and social security45€48k€21k▼
Taxes450/3€38k€10k▼
Remuneration and social security454/9€10k€10k▲
Other amounts payable47/48€90k€90k=
Accrued charges and deferred income492/3-€470
Income statement
Code20242025
Non-recurring operating income76A€12k-
Remuneration, social security and pensions62€63k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€55k▼
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A€550-
Gross operating margin9900€291k€220k▼
Operating profit (loss)9901€155k€100k▼
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€26k€29k▲
Recurring financial charges65€26k€29k▲
Profit (loss) for the period before taxes9903€132k€78k▼
Income taxes67/77€19k€10k▼
Profit (loss) for the period9904€113k€68k▼
Profit (loss) for the period to be appropriated9905€113k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€266k€289k▲
Profit (loss) brought forward from the previous period14P€153k€221k▲
Profit to be distributed694/7€45k€105k▲
Return on contributions (dividend)694-€60k
Directors or managers695€45k€45k=
Social balance
Average headcount (FTE)90871.00.8▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €226k ▲42.8%
4 profitable years in a row build equity to €226k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €158k ▲59.9%
3 profitable years in a row build equity to €158k.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €124k ▲107%
Net result €124k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Balen · 1 establishment unit since 2020
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.
Schoorheide 142490 BalenGround area
2,310 m²
Building footprint
211 m²
Volume, LiDAR
944 m³
Parcel 13342C0852/00D000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Het Rijdend Kiekske
since 20202.299.769.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342C0852/00D000 | Flanders | 2,310 m² | 1 · 211 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 588 EUR awarded · 588 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 588 EUR | 588 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBalen2.299.769.634
Legal Entity Identifier
699400FCJ6W770UVPY08
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Gistel · Eq €189k
J. CLAUS - C. BAETEN
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DIMA
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HET FRUITHOF
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Antwerpen · Eq €188k
Of 3,827 companies in sector 47210 we hold annual accounts for 966. 717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2020
Fiscal year end31-12
Trade name NL
Het Rijdend Kiekske
Activities, NACEBEL
47210Retail sale of fruit and vegetables
47810Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.