Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of THIUNAS is 0.3% (very low). The 2024 annual accounts show equity of €179k and a net result of €-2k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 27% of 3178 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 30-09-2025 | 61 d late | 2025-00525434 |
| 31-12-2023 | 31-07-2024 | 26-09-2024 | 57 d late | 2024-00482255 |
| 31-12-2022 | 31-07-2023 | 30-10-2023 | 91 d late | 2023-00502755 |
| 31-12-2021 | 31-07-2022 | 09-11-2022 | 101 d late | 2022-20519043 |
| 31-12-2020 | 31-07-2021 | 12-11-2021 | 104 d late | 2021-77100507 |
| 31-12-2019 | 31-07-2020 | 16-07-2021 | 350 d late | 2021-36300027 |
| 31-12-2018 | 31-07-2019 | 22-11-2019 | 114 d late | 2019-74000575 |
| 31-12-2017 | 31-07-2018 | 22-11-2019 | 479 d late | 2019-74000574 |
| 31-12-2016 | 31-07-2017 | 13-06-2019 | 682 d late | 2019-19100345 |
| 31-12-2015 | 31-07-2016 | 26-10-2016 | 87 d late | 2016-66300582 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2k
Working capital€-180k-5.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 7 fiscal years (±0.6%/year).
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 2024 · NACE 82 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.2% | 53.8% | |
| Net result | €-2k | €18k | |
| Equity | €179k | €40k | |
| Gross operating margin | €36k | €36k | |
| Total assets | €738k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P27
Stable position over 2020-2024
· n=451-3178
P17
Weakening position over 2020-2024
· n=450-3177
P88
Stable position over 2020-2024
· n=452-3180
P50
Weakening position over 2020-2024
· n=445-3177
Describes the position versus peers, not a forecast.
€34k
-24.6%
18-24
€-2k
-
18-24
€33k
-26.0%
18-24
€738k
-2.3%
18-24
€179k
-1.2%
18-24
€-180k
-5.3%
18-24
€655
-27.1%
18-24
€559k
-2.6%
18-24
€344k
-4.2%
18-24
€215k
0.0%
18-24
0.48
-8.9%
18-24
0.34
-21.2%
18-24
24.2%
+1.1%
18-24
3.13
-1.4%
18-24
-1.3%
-
18-24
-0.3%
-
18-24
23.69
-56.1%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €34k |
| Net profit | €-2k |
| Cash flow | €33k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €738k |
| Equity | €179k |
| Debt | €559k |
| of which ≤ 1y | €344k |
| of which > 1y | €215k |
| Working capital | €-180k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.48 |
| Quick ratio | 0.34 |
| Working capital ratio | -24.3% |
| Solvency | 24.2% |
| Debt / equity | 3.13 |
| Long-term debt ratio | 1.20 |
| Interest coverage | 23.69 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.3% |
| ROE | -1.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €738k |
| Fixed assets | 21/28 | €574k |
| Tangible fixed assets | 22/27 | €527k |
| Financial fixed assets | 28 | €47k |
| Current assets | 29/58 | €165k |
| Stocks & contracts in progress | 3 | €47k |
| Amounts receivable within one year | 40/41 | €112k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €738k |
| Equity | 10/15 | €179k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €111k |
| Amounts payable | 17/49 | €559k |
| Amounts payable after one year | 17 | €215k |
| Amounts payable within one year | 42/48 | €344k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €36k |
| Operating result | 9901 | €-806 |
| Financial income | 75 | €8 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed20
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directorsCurrent directors & mandates
-
STEVENS Christel Christiane JacquelineDirectorState Gazette act 24409268 (26-06-2024)Current26-06-2024 → present
-
Wilfried HEERINCKXDirectorState Gazette act 24409268 (26-06-2024)Current26-06-2024 → present
Former directors (1)
-
STEVENSDirectorState Gazette act 24409268 (26-06-2024)Former- → 26-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Administratieve en ondersteunende activiteiten ten behoeve van kantoren(82100) |
| Legal form | Public limited company(014) |
| Incorporation | 06-02-1995 |
| Status | Active |
| Postal code | 3210 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Binkomstraat(LUB) 683210 LubbeekEstablishment units
2 locationsSt-Germain
since 19952.070.534.383
St-Germain
since 20152.245.210.005
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area9,327 m²
Buildings2
Building footprint673 m²
Volume (LiDAR)3,170 m³
Tallest building8.8 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066F0247/00D003 | Flanders | 6,285 m² | 1 · 347 m² | 8.6 m · 2 fl. |
| 24106B0458/00K002 | Flanders | 3,042 m² | 1 · 327 m² | 8.8 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2024
26-06-2024 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles
Summary:
De vennootschap behoudt haar voorwerp zonder wijziging, conform het Wetboek van vennootschappen en verenigingen.Notary:
Cedric HONOREZ · Tienen
Analysis
Snowflake analysis
financial profile on 5 axes39
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
20
Profitability
0
Solvency
24
Growth
52
Stability
100
Credit advice
verdict per customer and amountSimilar
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Company registry
Company registry (CBE)
Crossroads BankActivities
Secretariaten74851Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Teelt van groenten, meloenen en wortel- en knolgewassen01130Teelt van groenten, meloenen en wortel- en knolgewassen01130Teelt van pit- en steenvruchten01240Teelt van pit- en steenvruchten01240Teelt van andere boomvruchten, kleinfruit en noten01250Teelt van andere boomvruchten, kleinfruit en noten01250Kippenkwekerijen01471Kippenkwekerijen01471Gemengd bedrijf01500Gemengd landbouwbedrijf01500Arbeidsbemiddeling78100Arbeidsbemiddeling78100Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren82190Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | THIUNAS |
Registered office
Binkomstraat(LUB) 68
3210 Lubbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.