Active BE 0662.622.242Public limited company

THIST

Gruuthusestraat 6 ·8700 Tielt, Belgium· 9 yrs active

Sector: Architecture & engineering (71111)

Conclusion Checked

The computed 12-month bankruptcy probability of THIST is 0.2% (very low). The 2025 annual accounts show equity of €726k and a net result of €1.34M. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 106 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€726k
Net result	€1.34M
Staff (FTE)	3.5
Better than sector	90%

Snowflake analysis 5 axes · computed by Checked

95 / 100

Exceptional profile, strong across almost every axis.

Health 98

Profitability 100

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

98 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 29-10-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.6%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 71, Architecture & engineering · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	74.3%	35.8%	better than 90% of 106 sector peers
Net result	€1.34M	€23k	better than 95% of 106 sector peers
Equity	€726k	€115k	better than 92% of 106 sector peers
Gross operating margin	€1.94M	€81k	better than 95% of 106 sector peers
Staff costs	€159k	€206k	higher than 44% of 41 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€1.76M

+689.9% far above sector median

Net profit

€1.34M

+1390.0% far above sector median

Cash flow

€1.34M

+599.7% far above sector median

Total assets

€976k

-39.4% +105% vs sector

Equity

€726k

-2.5% +179% vs sector

Working capital

€848k

+129.6% far above sector median

Employees (FTE)

4

-66.7% +75% vs sector

Staff costs

€159k

-73.9% +137% vs sector

Income taxes

€449k

+1834.4% far above sector median

Dividends

€1.35M

+2515.7% far above sector median

Debt

€251k

-71.1% +21% vs sector

Debt ≤ 1y

€125k

-73.8% +14% vs sector

Debt > 1y

€0

-100.0% -100% vs sector

Current ratio

7.78

+339.0% +113% vs sector

Quick ratio

7.78

+339.0% +113% vs sector

Solvency

74.3%

+60.9% +17% vs sector

Debt / equity

0.35

-70.3% -40% vs sector

ROE

184.1%

+1427.5% far above sector median

ROA

136.8%

+2357.3% far above sector median

Interest coverage

83.93

+459.4% +130% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€1.76M
Net profit	€1.34M
Cash flow	€1.34M
Staff costs	€159k
Income taxes	€449k
Dividends	€1.35M
Total assets	€976k
Equity	€726k
Debt	€251k
of which ≤ 1y	€125k
of which > 1y	€0
Working capital	€848k
Employees (FTE)	3.5

Ratios (computed)

	2025
Current ratio	7.78
Quick ratio	7.78
Working capital ratio	86.8%
Solvency	74.3%
Debt / equity	0.35
Long-term debt ratio	0.00
Interest coverage	83.93
Gross margin	-
Net margin	-
ROA	136.8%
ROE	184.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 0.4% Current assets €973k · 99.6%

Equity & liabilities

Equity €726k · 74.3% Debt €251k · 25.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€976k
Fixed assets	21/28	€4k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€0
Financial fixed assets	28	€4k
Current assets	29/58	€973k
Amounts receivable within one year	40/41	€339k
Cash & bank	54/58	€110k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€976k
Equity	10/15	€726k
Contributions / capital	10/11	€62k
Reserves	13	€664k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€251k
Amounts payable after one year	17	€0
Amounts payable within one year	42/48	€125k
Trade debts payable within one year	44	€43k
Income statement
Gross operating margin	9900	€1.94M
Operating result	9901	€1.76M
Financial income	75	€50k
Financial charges	65	€21k
Result before taxes	9903	€1.78M
Income taxes	67/77	€449k
Net result for the period	9904	€1.34M
Result to be appropriated	9905	€1.34M

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Architecture & engineering(71111)
Legal form	Public limited company(014)
Incorporation	15-09-2016
Status	Active
Postal code	8700

Establishment units 1 location

SONAR ARCHITECTEN

Gruuthusestraat 6, 8700 TieltActiviteiten van bouwarchitecten

since 20162.256.348.177

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37303G0817/00D000	Flanders	2,713 m²	1 · 665 m²	8.6 m

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

29-10-2025

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2024

30-10-2024

NBB filing Annual accounts filed

fiscal year 2024 · verkort

09-07-2024

State Gazette act Director changes

Ines Muylaert

2023

31-10-2023

NBB filing Annual accounts filed

fiscal year 2023 · verkort

26-01-2023

State Gazette act Director changes

2022

04-11-2022

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2021

06-08-2021

NBB filing Annual accounts filed

fiscal year 2021 · verkort

2020

10-11-2020

NBB filing Annual accounts filed

fiscal year 2020 · verkort

2019

26-11-2019

NBB filing Annual accounts filed

fiscal year 2019 · verkort

2018

02-10-2018

NBB filing Annual accounts filed

fiscal year 2018 · verkort

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2024

09-07-2024 4 directors appointed, 2 resigning Director changes·Ines Muylaert

DEMEYER Thierry, Bestuurder
VAN NIEUWENHOVE Stijn, Bestuurder
DEMEYER Thierry, Gedelegeerd bestuurder
VAN NIEUWENHOVE Stijn, Gedelegeerd bestuurder
DEMEYER Thierry, Bestuurder
VAN NIEUWENHOVE Stijn, Bestuurder

Notary: Ines Muylaert · Ninove

Original publication ↗

Technical details

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2023

26-01-2023 4 reappointed Director changes

Thierry DEMEYER, Bestuurder
Stijn VAN NIEUWENHOVE, Bestuurder
Thierry DEMEYER, Gedelegeerd bestuurder
Stijn VAN NIEUWENHOVE, Gedelegeerd bestuurder

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Bouwarchitecten71111Activiteiten van bouwarchitecten71111

Primary activity highlighted.

Names & trade names

Legal nameNL

THIST

Registered office

Gruuthusestraat 6 bus 201

8700 Tielt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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