Equity
€189,404 ▼ 16.3%
Thiro paid out €60,000 in dividends. That is 88% of the 2025 profit.
Thiro
Lifetime
5 annual accounts with figures on one time axispeak €371,232 (2021)
€220,220▼ 24.4%
peak €124,098 (2022)
€68,024▼ 39.7%
peak €226,380 (2024)
€189,404▼ 16.3%
€803,341▲ 2.7%
peak 2.5 FTE (2021)
0.8 FTE▼ 20.0%
Board1 name since 2020
1 directorROUCOURT Thierry Yvan Odile
Owners
100%Thierry Roucourt
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €291,440 to €220,220Result from €112,894 to €68,024Staff from 1 FTE to 0.8 FTEDividend €60,000Equity from €226,380 to €189,404Cash from €8,186 to €1,964
Key points
from the 2025 annual accountsChecked score
65
Healthy
Financially stronger than 37% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 0.9%▼ -0.1 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.4%▲ +0.3 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▼ -0.6 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025lowest value
11-2025: 0.9%● unchanged vs 10-2025lowest value
12-2025: 0.9%● unchanged vs 11-2025lowest value
01-2026: 0.9%● unchanged vs 12-2025lowest value
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 2.0%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.1%▼ -0.9 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.54, cash €1,964, halved
Founded in 2020
lowers risk
Size: 0.8 FTE, total assets €992,746
Figures for financial year 2025 (filed on 28-08-2026)
Calculation
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 47, micro). It does better than 35% of them on solvency, 38% on liquidity, 54% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Thiro has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thiro itself: 1.1% within 12 months.
Test of the method
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 6,713 companies, not a prediction for Thiro. 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 of up to €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.54 (0.65 in 2024), below 1. Short-term debt is 25.9% and cash 0.2% of total assets. 80.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
27 days late
2024
1 day early
2023
1 day early
2022
55 days early
2021
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744411553
Registered office moved from Leopoldsburg to Balen
New registered office: Schoorheide 14, 2490 Balen · Previous registered office: Antwerpsesteenweg 177 bus 5, 3970 Leopoldsburg · Board meeting of 01-11-2021 · Gazette deed
Incorporation
Founding capital of €5,000 · Founder: ROUCOURT Thierry Yvan Odile · Appointment: ROUCOURT Thierry Yvan Odile (director) · published on 27-02-2020 · Gazette deed
First establishment
Het Rijdend Kiekske, Schoorheide 14, Balen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Thiro Balen | €1.0m | €220,220 | 19.1% | 0.8 |
| L'OSTREA Binche | €0.7m | €216,892 | 75.2% | 0.8 |
| Luyckx groenten en fruit Tielt | €0.9m | €300,942 | 24.2% | 1 |
| SEVENS KIPSPECIALITEITEN Genk | €1.8m | €278,161 | 48.6% | 0.7 |
| FRIGOLA Lievegem | €0.5m | €347,215 | 56.3% | 2 |
| Willem Fruit Staden | €0.5m | €144,313 | 11.0% | 1 |
| L & T QUALITY Berlaar | €1.5m | €644,628 | 86.1% | 1 |
These companies have the same main activity as Thiro: retail sale of fruit and vegetables (NACE 47210). They are comparable in size and age: total assets between €503,000 and €1.8m, founded between 2015 and 2023.
Official details
Source: KBO- Status
- Active since 25-02-2020Normal situation
- Activity
- Retail sale of fruit and vegetablesNACE 47210
- Establishment unit
- 2.299.769.6342490 Balen, since 25-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 11-09-2025
Insights on Thiro
Thiro files the abbreviated format. That format states no turnover. The gross margin fell from €371,232 in 2021 to €220,220 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Thiro
- What is the company number of Thiro?
- The company number of Thiro is 0744.411.553. The VAT number is the same number with BE in front: BE 0744.411.553.
- Where is Thiro based?
- The registered office is at Schoorheide 14, 2490 Balen.Company details
- What does Thiro do?
- According to the KBO register, the main activity is retail sale of fruit and vegetables (NACE 47210).
- What is the legal form of Thiro?
- Thiro is a private limited company (BV).
- When was Thiro founded?
- Thiro was founded on 25-02-2020.
- Is Thiro still active?
- Yes, Thiro is an active enterprise in the KBO register.
- How many employees does Thiro have?
- Thiro had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Thiro?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €220,220 and 30 comparable companies (NACE 472). It probably lies between €600,000 and €1.7m.
- Is Thiro profitable?
- In financial year 2025, Thiro made a profit of €68,024.
- Where can I find the annual accounts of Thiro?
- Thiro filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Thiro due?
- Thiro must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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