Equity
€18,550 from €56,614 in 2018
Equity fell by 67% in 7 years.
THIRY & PARTNERS
Lifetime
13 annual accounts with figures on one time axispeak €111,074 (2024)
€87,931▼ 20.8%
peak €85,752 (2024)
€66,581▼ 22.4%
peak €56,614 (2018)
€18,550unchanged
€123,820▲ 20.3%
peak 1 FTE (2020)
-not published
Board1 name since 2013
1 directorTHIRY Julien
Documentsfilings and deeds
30-04-202692 days before the deadline
2025micro format
Gross margin from €111,074 to €87,931Dividend €66,581Debts from €102,893 to €123,820Investments €6,008
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 45% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,827 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.2%▼ -0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025highest value
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €18,550 (13.0% of total assets)
lowers risk
Liquidity: current ratio 1.10, cash €122,588
Size: total assets €142,370
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
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 71, micro). It does better than 17% of them on solvency, 37% on liquidity, 88% on profitability and 39% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as THIRY & PARTNERS has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of THIRY & PARTNERS itself is lower: 0.1% within 12 months. It rests on far more data about THIRY & PARTNERS than the profile alone.
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 5,053 companies, not a prediction for THIRY & PARTNERS. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.17 in 2024), below the usual 1.5. Short-term debt is 85.7% and cash 86.1% of total assets. 87% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 11792 sector peers (2025).
NBB · sector comparisonPosition among 11792 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 days early
2024
19 days late
2023
49 days early
2022
31 days late
2021
31 days late
2020
31 days late
2019
84 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 19 August (4 of the last 5 accounts filed within 67 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0537400289
Resignation: THIRY Julien (manager)
Reappointment: THIRY Julien (director) · “Toutes fonctions de consultance et/ou de services liés à l’art de l’ingénieur,aux nouvelles technologies et à…” (deed in French) · General meeting of 26-09-2023 · Gazette deed
Incorporation
published on 13-08-2013 · Gazette deed
First establishment
Boulevard Gustave-Kleyer 67, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THIRY & PARTNERS Liège | €142,370 | €87,931 | 13.0% | - |
| kWh Company Lokeren | €146,458 | €96,805 | 91.2% | - |
| Realtech Maldegem | €162,216 | €80,507 | 99.1% | - |
| Helvidi Lochristi | €139,924 | €91,806 | 96.1% | - |
| NUUV Sint-Gillis-Waas | €120,674 | €95,669 | 0.4% | - |
| INGEO Braine-le-Château | €177,795 | €81,166 | 24.5% | - |
| MCC Beveren-Kruibeke-Zwijndrecht | €154,315 | €76,576 | 44.1% | - |
These companies have the same main activity as THIRY & PARTNERS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €121,000 and €178,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 09-08-2013Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Establishment unit
- 2.221.137.6724000 Liège, since 09-08-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Annual accounts 2025
- ≈ €190,000estimated
- €142,370▲ 17.2%
- Filing
- Filed on 30-04-2026, 92 days before the end of the filing period
Insights on THIRY & PARTNERS
THIRY & PARTNERS files the micro format. That format states no turnover. The gross margin rose from €62,457 in 2013 to €87,931 in 2025.
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 THIRY & PARTNERS
- What is the company number of THIRY & PARTNERS?
- The company number of THIRY & PARTNERS is 0537.400.289. The VAT number is the same number with BE in front: BE 0537.400.289.
- Where is THIRY & PARTNERS based?
- The registered office is at Boulevard Gustave-Kleyer 67, 4000 Liège.Company details
- What does THIRY & PARTNERS do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of THIRY & PARTNERS?
- THIRY & PARTNERS is a private limited company (BV).
- When was THIRY & PARTNERS founded?
- THIRY & PARTNERS was founded on 09-08-2013.
- Is THIRY & PARTNERS still active?
- Yes, THIRY & PARTNERS is an active enterprise in the KBO register.
- How many employees does THIRY & PARTNERS have?
- THIRY & PARTNERS had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of THIRY & PARTNERS?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €87,931 and 45 comparable companies (NACE 711). It probably lies between €140,000 and €260,000.
- Is THIRY & PARTNERS profitable?
- In financial year 2025, THIRY & PARTNERS made a profit of €66,581.
- Where can I find the annual accounts of THIRY & PARTNERS?
- THIRY & PARTNERS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THIRY & PARTNERS due?
- THIRY & PARTNERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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