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Thiusco

Active
Private limited companyfounded 2023active for 2 yearsKlaverheide 68, 2930 Brasschaat, BelgiumKBO/BCE: BE 1001.933.685

From the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette

Summary

Thiusco has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56,811 and a net result of €46,811. Its solvency ranks better than 62% of 15,188 sector peers (NACE 69, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2024, micro format

2024 annual accounts filed late (22 days) Filed on 22 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00438316.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
22-08-2025
Format
micro format
Reference
2025-00438316
Turnover
≈ €160,000
Estimated: probably between €110,000 and €200,000
Total assets
€81,837
Net result
€46,811
Working capital
€49,689

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €81,837
Fixed assets €14,601
Current assets €67,235
Equity and liabilities €81,837
Equity €56,811
Debt €25,026
Debt finances 30.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€64,302
Cash flow
€50,787
Current ratio
3.83
Debt to equity
0.44
ROE
82.4%
ROA
57.2%
Interest coverage
69.30
Debt ≤ 1 year
€17,547
Debt > 1 year
€7,479
Income taxes
€12,588

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines

Source: Annual accounts 2024 (PDF), filed with the National Bank on 22-08-2025.

Balance sheet Code2024
Assets
Total assets20/58€81,837
Fixed assets21/28€14,601
Tangible fixed assets22/27€14,601
Furniture and vehicles24€2,674
Leasing and similar rights25€11,927
Current assets29/58€67,235
Amounts receivable within one year40/41€11,921
Other amounts receivable41€11,921
Cash at bank and in hand54/58€55,314
Equity and liabilities
Total equity and liabilities10/49€81,837
Equity10/15€56,811
Contributions10/11€10,000
Profit (loss) carried forward14€46,811
Amounts payable17/49€25,026
Amounts payable after more than one year17€7,479
Financial debts170/4€7,479
Amounts payable within one year42/48€17,547
Current portion of amounts payable after more than one year42€3,793
Trade debts44€141
Suppliers440/4€141
Taxes, remuneration and social security45€13,612
Taxes450/3€13,612
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,976
Other operating charges640/8€1,927
Gross operating margin9900€66,230
Operating profit (loss)9901€60,327
Financial charges65/66B€928
Recurring financial charges65€928
Profit (loss) for the period before taxes9903€59,399
Income taxes67/77€12,588
Profit (loss) for the period9904€46,811
Profit (loss) for the period to be appropriated9905€46,811
Appropriation of the result
Profit (loss) to be appropriated9906€46,811

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,976
Other operating charges640/8€1,927
Gross operating margin9900€66,230
Operating profit (loss)9901€60,327
Financial charges65/66B€928
Recurring financial charges65€928
Profit (loss) for the period before taxes9903€59,399
Income taxes67/77€12,588
Profit (loss) for the period9904€46,811
Profit (loss) for the period to be appropriated9905€46,811
Line2024
Assets
Total assets20/58€81,837
Fixed assets21/28€14,601
Tangible fixed assets22/27€14,601
Furniture and vehicles24€2,674
Leasing and similar rights25€11,927
Current assets29/58€67,235
Amounts receivable within one year40/41€11,921
Other amounts receivable41€11,921
Cash at bank and in hand54/58€55,314
Equity and liabilities
Total equity and liabilities10/49€81,837
Equity10/15€56,811
Contributions10/11€10,000
Profit (loss) carried forward14€46,811
Amounts payable17/49€25,026
Amounts payable after more than one year17€7,479
Financial debts170/4€7,479
Amounts payable within one year42/48€17,547
Current portion of amounts payable after more than one year42€3,793
Trade debts44€141
Suppliers440/4€141
Taxes, remuneration and social security45€13,612
Taxes450/3€13,612
Line2024
Profit (loss) for the period9904€46,811
+ Depreciation and write-downs630€3,976
Operating cash flow (approximation)€50,787

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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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2024 micro format 22-08-2025 2025-00438316 PDF

Similar companies · same sector, comparable size

Of the 22,303 active companies whose main activity is activities of lawyers (NACE 69101), figures are known for 9,410. 7,581 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 · 1 entry · €345 awarded · €345 paid
Schemes
1 entry · €345 · €345 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.