THISERO
ActiveTHISERO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €29k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency71▼-29
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 4.96 in 2024), and 57.8% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
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
42.2%
Return on assets
12.7%
Age of the figures
8 mo
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 06-03-2026, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
51 d early
2023
51 d early
2022
48 d early
2021
48 d early
2020
54 d early
2019
46 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▼ 36.2%
2024 · €152k
2018: €174k
2019: €203k
2020: €256k
2021: €276k
2022: €270k
2023: €188k
2024: €152k
2018 → 2025
Total assets
€229k▲ 29.9%
2024 · €176k
2018: €207k
2019: €229k
2020: €282k
2021: €295k
2022: €295k
2023: €215k
2024: €176k
2018 → 2025
Net result
€29k
2024 · €-16k
2018: €22k
2019: €29k
2020: €52k
2021: €20k
2022: €14k
2023: €-63k
2024: €-16k
2018 → 2025
Working capital
€31k▼ 68.0%
2024 · €99k
2018: €167k
2019: €196k
2020: €248k
2021: €257k
2022: €239k
2023: €150k
2024: €99k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€276k-€270k▼ 2.1%€188k▼ 30.6%€152k▼ 19.2%€97k▼ 36.2%
Operating result€31k-€22k▼ 29.6%€-62k€-16k▲ 74.3%€33k
Net result€20k-€14k▼ 29.9%€-63k€-16k▲ 74.4%€29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €33k after a loss of €16k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€99k▲ 87.1%
Current assets
€130k▲ 5.4%
Equity and liabilities €229k
Equity
€97k▼ 36.2%
Debt
€133k▲ 433%
The debt ratio rises from 14.1% to 57.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€54k▲
2024 · €-5k
Cash flow
€50k▲
2024 · €-5k
Solvency
42.2%▼
2024 · 85.9%
Current ratio
1.32▼
2024 · 4.96
Quick ratio
1.32▼
2024 · 4.96
Debt / equity
1.37▲
2024 · 0.16
ROE
30.1%▲
2024 · -10.6%
ROA
12.7%▲
2024 · -9.1%
Interest coverage
33.82▲
2024 · -9.77
Debt
€133k▲
2024 · €25k
Debt ≤ 1 year
€99k▲
2024 · €25k
Debt > 1 year
€34k
Income taxes
€3k▲
2024 · €499
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€176k€229k▲
Fixed assets21/28€53k€99k▲
Tangible fixed assets22/27€53k€99k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€52k€97k▲
Financial fixed assets28€57€57=
Current assets29/58€123k€130k▲
Amounts receivable within one year40/41€3k€10k▲
Trade receivables40-€445
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€114k€118k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€176k€229k▲
Equity10/15€152k€97k▼
Contributions10/11€14k€14k=
Reserves13€84k€29k▼
Distributable reserves133€84k€29k▼
Profit (loss) carried forward14€53k€54k▲
Amounts payable17/49€25k€133k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€25k€99k▲
Current portion of amounts payable after more than one year42-€8k
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€20k€84k▲
Accrued charges and deferred income492/3-€390
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€21k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€-4k€57k▲
Operating profit (loss)9901€-16k€33k▲
Financial income75/76B€848€800▼
Recurring financial income75€848€800▼
Financial charges65/66B€488€2k▲
Recurring financial charges65€488€2k▲
Profit (loss) for the period before taxes9903€-15k€32k▲
Income taxes67/77€499€3k▲
Profit (loss) for the period9904€-16k€29k▲
Profit (loss) for the period to be appropriated9905€-16k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€82k▲
Profit (loss) brought forward from the previous period14P€69k€53k▼
Transfer from equity791/2€20k€84k▲
Transfer to equity691/2-€29k
To other reserves6921-€29k
Profit to be distributed694/7€20k€84k▲
Return on contributions (dividend)694€20k€84k▲
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-63k ▼539%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €52k ▲78%
Operating result €72k, net result €52k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €203k ▲17%
2 profitable years in a row build equity to €203k.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Chaumont-Gistoux · 1 establishment unit since 2004
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.
Rue du Brocsous, Dion-V. 771325 Chaumont-GistouxGround area
3,298 m²
Building footprint
176 m²
Volume, LiDAR
820 m³
Parcel 25025C0174/00T000, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thisero
since 20042.143.992.879
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25025C0174/00T000 | Wallonia | 3,298 m² | 1 · 176 m² | 6.3 m · 2 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.
Similar companies · same sector, comparable size
BLP CASH
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Doppio Design
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Gent · Eq €97k
NORTH SEA COMPANY
BE 0884.361.371
Knokke-Heist · Eq €96k
a2z-Solutions
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Springbok Coaching
BE 0650.718.560
Kortrijk · Eq €98k
Of 1,733 companies in sector 46150 we hold annual accounts for 750. 590 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2004
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
45112
46130Agents in the wholesale of timber and building materials
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46180Agents specialised in the wholesale of other particular products
46412Wholesale of household textiles and bedding
50102
51160
51180
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.