THIRY WALLONIE
ActiveSummary
The computed 12-month bankruptcy probability of THIRY WALLONIE is 2.7% (moderate). The 2025 annual accounts show equity of €46,452 and a net result of -€27,245. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 28806 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Joinery installation
NACE 43320
1 site
How big
€219,364total assets 2025
- Staff
- 4 FTE
- Equity
- €46,452
- Loss
- -€27,245
Turnover not published (abridged schema)
Who decides
Accounts filed 29 d late0 of 2 deeds read
Why 41- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate region- Weak solvency vs sectorFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-66
Solvency46▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 4.27 against 3.71 in 2024; short-term debt: 22.4% and cash: 26.2% of total assets), but 78.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
21.2%
Return on assets
-12.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 28806 sector peers (2025).
NBB · sector comparisonPosition among 28806 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 5 filingsDeviation from the deadline
2025
29 d late
2024
27 d late
2023
7 d early
2022
2 d late
2021
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€27,245
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €219,364Loss -€27,245Solvency 21.2%Liquidity 4.27
Total assets
€219,364▲ 2.4%
2021 - 2025
Net result
-€27,245
2021 - 2025
Equity
€46,452▼ 37.0%
2021 - 2025
Staff (FTE)
4▲ 25.0%
2023 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,332-€15,350▼ 28.0%€56,883▲ 271%€4,175▼ 92.7%-€26,322
Net result€16,409within the sector's middle half-€11,388within the sector's middle half▼ 30.6%€44,843above the sector's middle half▲ 294%€57below the sector's middle half▼ 99.9%-€27,245below the sector's middle half
Equity€17,409below the sector's middle half-€28,797within the sector's middle half▲ 65.4%€73,640within the sector's middle half▲ 156%€73,697within the sector's middle half▲ 0.1%€46,452within the sector's middle half▼ 37.0%
Total assets€46,566below the sector's middle half-€74,838within the sector's middle half▲ 60.7%€126,822within the sector's middle half▲ 69.5%€214,141within the sector's middle half▲ 68.9%€219,364within the sector's middle half▲ 2.4%
Debt€29,157-€46,041▲ 57.9%€53,182▲ 15.5%€140,444▲ 164%€172,912▲ 23.1%
Working capital€14,397within the sector's middle half-€52,115within the sector's middle half▲ 262%€77,214within the sector's middle half▲ 48.2%€145,089above the sector's middle half▲ 87.9%€160,547above the sector's middle half▲ 10.7%
Solvency37.4%within the sector's middle half-38.5%within the sector's middle half▲ 1.1pp58.1%within the sector's middle half▲ 19.6pp34.4%within the sector's middle half▼ 23.7pp21.2%below the sector's middle half▼ 13.2pp
Current ratio1.49within the sector's middle half-4.07above the sector's middle half▲ 2.573.19above the sector's middle half▼ 0.883.71above the sector's middle half▲ 0.524.27above the sector's middle half▲ 0.56
Return on assets (ROA)35.2%above the sector's middle half-15.2%within the sector's middle half▼ 20.0pp35.4%above the sector's middle half▲ 20.1pp0.0%below the sector's middle half▼ 35.3pp-12.4%below the sector's middle half▼ 12.4pp
Staff (FTE)13.2▲ 220%4▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26,322 after €4,175 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219,364
Fixed assets
€9,716 ▼ 37.4%
Current assets
€209,648 ▲ 5.6%
Equity and liabilities €219,364
Equity
€46,452 ▼ 37.0%
Debt
€172,912 ▲ 23.1%
Debt's share of the balance-sheet total rises from 65.6% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€20,507▼
2024 · €9,069
Cash flow
-€21,430▼
2024 · €4,951
Quick ratio
4.01▲
2024 · 2.50
Debt to equity
3.72▲
2024 · 1.91
ROE
-58.7%▼
2024 · 0.1%
Interest coverage
-24.77▼
2024 · 7.45
Debt ≤ 1 year
€49,101▼
2024 · €53,521
Income taxes
€335▼
2024 · €3,011
Staff costs
€202,408▲
2024 · €158,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 1,133 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €42,755 | €158,084 | €202,408 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,267 | €1,683 | €2,665 | €4,894 | €5,815 | ▲ 18.8% |
| Other operating charges640/8 | - | €1,287 | €2,609 | €3,355 | €4,432 | ▲ 32.1% |
| Gross operating margin9900 | €24,556 | €18,321 | €104,913 | €170,509 | €186,333 | ▲ 9.3% |
| Operating profit (loss)9901 | €21,332 | €15,350 | €56,883 | €4,175 | -€26,322 | ▼ 730% |
| Financial income75/76B | - | €31 | €1,194 | €110 | €240 | ▲ 119% |
| Recurring financial income75 | €32 | €31 | €1,194 | €110 | €240 | ▲ 119% |
| Financial charges65/66B | - | €402 | €1,054 | €1,217 | €828 | ▼ 32.0% |
| Recurring financial charges65 | €555 | €402 | €1,054 | €1,217 | €828 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | €20,810 | €14,979 | €57,024 | €3,068 | -€26,910 | ▼ 977% |
| Income taxes67/77 | €4,400 | €3,592 | €12,181 | €3,011 | €335 | ▼ 88.9% |
| Profit (loss) for the period9904 | €16,409 | €11,388 | €44,843 | €57 | -€27,245 | ▼ 48,007% |
| Profit (loss) for the period to be appropriated9905 | €16,409 | €11,388 | €44,843 | €57 | -€27,245 | ▼ 48,007% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,566 | €74,838 | €126,822 | €214,141 | €219,364 | ▲ 2.4% |
| Fixed assets21/28 | €3,012 | €5,737 | €14,322 | €15,531 | €9,716 | ▼ 37.4% |
| Tangible fixed assets22/27 | €2,256 | €1,381 | €9,966 | €11,175 | €5,360 | ▼ 52.0% |
| Plant, machinery and equipment23 | - | - | - | €2,147 | €1,431 | ▼ 33.4% |
| Furniture and vehicles24 | - | €1,381 | €9,966 | €9,028 | €3,929 | ▼ 56.5% |
| Financial fixed assets28 | €756 | €4,356 | €4,356 | €4,356 | €4,356 | = |
| Current assets29/58 | €43,554 | €69,101 | €112,500 | €198,610 | €209,648 | ▲ 5.6% |
| Stocks and contracts in progress3 | - | €19,853 | €8,160 | €64,590 | €12,548 | ▼ 80.6% |
| Stocks30/36 | - | €19,853 | €8,160 | €64,590 | €12,548 | ▼ 80.6% |
| Amounts receivable within one year40/41 | €16,156 | €39,122 | €63,335 | €87,421 | €132,253 | ▲ 51.3% |
| Trade receivables40 | - | €39,122 | €63,335 | €83,625 | €127,801 | ▲ 52.8% |
| Other amounts receivable41 | - | - | - | €3,796 | €4,452 | ▲ 17.3% |
| Cash at bank and in hand54/58 | €26,786 | €6,467 | €39,215 | €42,699 | €57,482 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | - | €3,660 | €1,791 | €3,900 | €7,366 | ▲ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,566 | €74,838 | €126,822 | €214,141 | €219,364 | ▲ 2.4% |
| Equity10/15 | €17,409 | €28,797 | €73,640 | €73,697 | €46,452 | ▼ 37.0% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €16,409 | €27,797 | €72,640 | €72,697 | €45,452 | ▼ 37.5% |
| Amounts payable17/49 | €29,157 | €46,041 | €53,182 | €140,444 | €172,912 | ▲ 23.1% |
| Amounts payable within one year42/48 | €29,157 | €16,986 | €35,286 | €53,521 | €49,101 | ▼ 8.3% |
| Financial debts43 | - | - | €593 | - | - | - |
| Credit institutions430/8 | - | - | €593 | - | - | - |
| Trade debts44 | €10,318 | €5,946 | €6,325 | €14,607 | €3,079 | ▼ 78.9% |
| Suppliers440/4 | - | €5,946 | €6,325 | €14,607 | €3,079 | ▼ 78.9% |
| Advances received on contracts in progress46 | - | €1,250 | €3,519 | €6,769 | €11,769 | ▲ 73.9% |
| Taxes, remuneration and social security45 | - | €7,652 | €24,361 | €32,145 | €34,253 | ▲ 6.6% |
| Taxes450/3 | - | €7,652 | €11,652 | €12,265 | €10,716 | ▼ 12.6% |
| Remuneration and social security454/9 | - | - | €12,709 | €19,880 | €23,537 | ▲ 18.4% |
| Other amounts payable47/48 | - | €2,138 | €488 | - | - | - |
| Accrued charges and deferred income492/3 | - | €29,055 | €17,896 | €86,924 | €123,811 | ▲ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,409 | €11,388 | €44,843 | €57 | -€27,245 | ▼ 48,007% |
| + Depreciation and write-downs630 | €2,267 | €1,683 | €2,665 | €4,894 | €5,815 | ▲ 18.8% |
| Operating cash flow (approximation) | €18,676 | €13,071 | €47,508 | €4,951 | -€21,430 | ▼ 533% |
| Investment in fixed assets (approximation) | - | -€4,408 | -€11,250 | -€6,103 | €0 | ▲ 100% |
| Change in cash | - | -€20,319 | €32,749 | €3,484 | €14,783 | ▲ 324% |
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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Of 20,030 companies in this sector we hold annual accounts for 9,139. 7,328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
8 eventsLatest 29-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-09
Financial
Weakest financial yearnet -€27,245
Net result drops to -€27,245, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2021net €44,843 ▲294%
Operating result €56,883, net result €44,843, both a record.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Liquidity triplescurrent ratio 4.07
Current ratio from 1.49 to 4.07; short-term debt falls from €29,157 to €16,986.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 20-01-2020Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741779487
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2021
Ground area
265 m²
Building footprint
64 m²
Volume, LiDAR
718 m³
Parcel 52363D0666/00S000, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chassisol
since 2021unit no. 2.314.023.882
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52363D0666/00S000 | Wallonia | 265 m² | 1 · 64 m² | 12.9 m · 4 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.
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