Age2 yrs
Real estate1 parcel · 2,099 m²
Summary
Conclusion
the dossier summarised in one paragraphTHIVAC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €471k and a net result of €77k. Its solvency ranks better than 37% of 1211 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
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
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Financials
Equity€471k+25.9%
Net result€77k-79.5%
Total assets€1.57M+2.0%
Solvency29.9%+5.7pp
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 28-01-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.9% | 47.4% | |
| Net result | €77k | €43k | |
| Equity | €471k | €85k | |
| Gross operating margin | €115k | €70k | |
| Total assets | €1.57M | €211k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€77k
-79.5%
-100% vs sector
€1.57M
+2.0%
-99% vs sector
€471k
+25.9%
-99% vs sector
€26k
+126.2%
+174% vs sector
€1.10M
-5.6%
-99% vs sector
€937k
-3.5%
-98% vs sector
€166k
-16.1%
-99% vs sector
29.9%
+23.4%
-44% vs sector
16.3%
-83.7%
-41% vs sector
4.9%
-79.9%
-68% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €77k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €26k |
| Dividends | - |
| Total assets | €1.57M |
| Equity | €471k |
| Debt | €1.10M |
| of which ≤ 1y | €937k |
| of which > 1y | €166k |
| Working capital | n/a |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 29.9% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 4.9% |
| ROE | 16.3% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Balance-sheet composition 2025
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 | €1.57M |
| Fixed assets | 21/28 | €1.51M |
| Financial fixed assets | 28 | €1.51M |
| Current assets | 29/58 | €63k |
| Amounts receivable within one year | 40/41 | €15k |
| Cash & bank | 54/58 | €48k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.57M |
| Equity | 10/15 | €471k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €451k |
| Amounts payable | 17/49 | €1.10M |
| Amounts payable after one year | 17 | €166k |
| Amounts payable within one year | 42/48 | €937k |
| Trade debts payable within one year | 44 | €422 |
| Income statement | ||
| Gross operating margin | 9900 | €115k |
| Operating result | 9901 | €115k |
| Financial charges | 65 | €12k |
| Result before taxes | 9903 | €102k |
| Income taxes | 67/77 | €26k |
| Net result for the period | 9904 | €77k |
| Result to be appropriated | 9905 | €77k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2025 · computedModel not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Structure & network
Locations & real estate
Establishment units
1 locationTHIVAC
since 20232.352.058.374
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,099 m²
Buildings1
Building footprint29 m²
Volume (LiDAR)159 m³
Tallest building7.0 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.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92079A0445/00W000 | Wallonia | 2,099 m² | 1 · 29 m² | 7.0 m · 2 fl. |
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.
Analysis
Snowflake analysis
financial profile on 5 axes50
/ 100
Mixed profile: strong on profitability, weaker on health.
Health
0
Profitability
82
Solvency
36
Growth
52
Stability
82
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Fotokopiëren, 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 nameFR | THIVAC |
Registered office
Rue des Acremonts(LU) 9
5170 Profondeville, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.