Equity
€422,163 ▼ 41.8%
THIST paid out €360,368 in dividends. That is 634% of the 2026 profit.
THIST
Lifetime
9 annual accounts with figures on one time axispeak €1.9m (2025)
€22,217▼ 98.9%
peak €1.3m (2025)
€56,883▼ 95.7%
peak €743,891 (2024)
€422,163▼ 41.8%
€107,440▼ 57.2%
peak 10.5 FTE (2024)
0 FTE▼ 100%
Board2 names since 2016
2 directorsDEMEYER Thierry and 1 other
Documentsfilings and deeds
22-10-20269 days before the deadline
2026financial year
Gross margin from €1.9m to €22,217Result from €1.3m to €56,883Staff from 3.5 FTE to 0 FTEDividend €360,368Equity from €725,648 to €422,163Debts from €250,818 to €107,440
Key points
from the 2026 annual accountsTurnover
≈ €140,000 estimated
The accounts state no turnover.
Staff
0 FTE ▼ 100%
Fewer staff in 2026 from 3.5 FTE to 0 FTE.
Filings
9 annual accounts 3 late
The 2019 accounts came latest: 26 days after the end of the period.
At the same address
10 companies
Position in the sector
€422,163
More equity than 81% of companies in architecture and engineering. Sector median €100,009 · 532 companies.
Net result -96%: one-off income
Checked score
86
Excellent
Financially stronger than 37% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025highest value
11-2025: < 0.1%▼ -0.3 percentage points 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 04-2026
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.94, cash €1,331, halved
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Legal form: public limited company
Equity €422,163 (79.7% of total assets)
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 87% of them on solvency, 23% on liquidity, 26% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2026.
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, 17,811 companies had the same profile as THIST has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of THIST itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 17,811 companies, not a prediction for THIST. 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 €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.94 (7.78 in 2025), above the usual 1.5. Short-term debt is 20.3% and cash 0.3% of total assets. 20.3% 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 · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-10-2026, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
9 days early
2025
2 days early
2024
1 day early
2023
on the day
2022
4 days late
2021
86 days early
2020
10 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 12 days before 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0662622242
Company renamed from SONAR ARCHITECTEN to THIST
Changes of role: DEMEYER Thierry (managing director) and VAN NIEUWENHOVE Stijn (managing director) · Reappointments: DEMEYER Thierry (director) and VAN NIEUWENHOVE Stijn (director) · “zoals omschreven in artikel 3” (deed in Dutch) · General meeting of 04-07-2024 · Gazette deed
Reappointments: Thierry DEMEYER (managing director) and Stijn VAN NIEUWENHOVE (managing director)
General meeting of 02-07-2022 · Gazette deed
Registered office moved from Ruiselede to Tielt
New registered office: Gruuthusestraat 6/0201, 8700 TIELT · Previous registered office: Poekestraat 80, 8755 RUISELEDE · Board meeting of 08-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THIST Tielt | €529,602 | €22,217 | 79.7% | 0 |
| BLOCK - BUILDING Hasselt | €517,571 | €17,395 | -5.4% | 0 |
| AHF ALGEMEEN BEHEER Hoogstraten | €709,079 | €27,106 | 22.0% | 0.6 |
| INGENIEUR KOENRAAD BOEL Oosterzele | €663,598 | €46,492 | -22.4% | 0 |
| NARGO ARCHITECTS Halle | €384,546 | €13,745 | 30.1% | 0 |
| SMT-CONSTRUCT Bocholt | €647,627 | €48,916 | 37.0% | 0 |
| WOONWERK ARCHITECTEN Antwerp | €918,273 | €11,988 | 16.4% | 0 |
These companies have the same main activity as THIST: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €385,000 and €918,000, founded between 2011 and 2021.
Official details
Source: KBO- Status
- Active since 15-09-2016Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Activities of building architectsNACE 71111
- Joint committee
- 336Liberal professions · annual accounts 31-03-2025
- Establishment unit
- 2.256.348.1778700 Tielt, since 15-09-2016
- Financial year end
- 31 March
- Peppol
- Reachable since 01-09-2025
Annual accounts to 31-03-2026
- €529,602▼ 45.8%
- Filing
- Filed on 22-10-2026, 9 days before the end of the filing period
Insights on THIST
THIST has existed since 2016. The gross margin fell from €1.9m in 2025 to €22,217 in 2026.
Solvency rose in 2026 from 74.3% to 79.7% because of lower debts.
In January 2023, the Official Gazette published the appointment of DEMEYER Thierry as managing director.
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 THIST
- What is the company number of THIST?
- The company number of THIST is 0662.622.242. The VAT number is the same number with BE in front: BE 0662.622.242.
- Where is THIST based?
- The registered office is at Gruuthusestraat 6, 8700 Tielt.Company details
- What does THIST do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of THIST?
- THIST is a public limited company (NV).
- When was THIST founded?
- THIST was founded on 15-09-2016.
- Is THIST still active?
- Yes, THIST is an active enterprise in the KBO register.
- How many employees does THIST have?
- THIST had an average of 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does THIST fall under?
- In its 31-03-2025 annual accounts, THIST states joint committee 336 (Liberal professions).
- What is the turnover of THIST?
- The turnover in financial year 2026 is ≈ €140,000. This figure is estimated from the gross margin of €22,217 and 63 comparable companies (NACE 71111). It probably lies between €77,000 and €300,000. It is a rough estimate.
- Is THIST profitable?
- In financial year 2026, THIST made a profit of €56,883.
- Where can I find the annual accounts of THIST?
- THIST filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of THIST due?
- THIST must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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