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THIVAIOS

Active
Private limited companyfounded 201016 yrs activeVlaamsekaai 35, 2000 Antwerpen, BelgiumKBO/BCE: BE 0827.401.783
Summary

THIVAIOS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.0m and a net result of €1.5m. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
THIVAIOSActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Performing arts by artistic ensembles
NACE 90202NACE 90012
3 sites
Size
€8.3mtotal assets 2024
Staff
1.9 FTE
Equity
€2.0m
Profit
€1.5m
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2024
Bankruptcy chance 12 m
0.6%
Structure
Accounts 65 d overdue2 of 8 deeds read
Why 69- Figures for FY 2024 (filed 14-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late+ Size: 1.9 FTE, total assets €8.3m+ Sector Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2024
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 39% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 49-1
equity 24.4% of total assets
Liquidity 28+6
short-term debt 73.3% · cash 14.0%
Profitability 55+44
return on assets 18.1%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,389 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▼ -0.6% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%▼ -1.0% vs 02-2025 04-2025: 0.3%▲ +8.8% vs 03-2025 05-2025: 0.4%▲ +9.3% vs 04-2025 06-2025: 0.5%▲ +23.2% vs 05-2025 07-2025: 0.5%▲ +7.3% vs 06-2025 08-2025: 0.7%▲ +41.9% vs 07-2025 09-2025: 0.8%▲ +13.7% vs 08-2025 10-2025: 1.0%▲ +31.0% vs 09-2025highest value 11-2025: 0.4%▼ -65.1% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▼ -0.8% vs 12-2025 02-2026: 0.4%▼ -0.3% vs 01-2026 03-2026: 0.3%▼ -2.5% vs 02-2026 04-2026: 0.4%▲ +8.1% vs 03-2026 05-2026: 0.2%▼ -49.7% vs 04-2026lowest value 06-2026: 0.2%▲ +27.3% vs 05-2026 07-2026: 0.3%▲ +21.4% vs 06-2026 08-2026: 0.5%▲ +63.7% vs 07-2026 09-2026: 0.5%▲ +11.2% vs 08-2026 10-2026: 0.6%▲ +18.4% vs 09-2026
  • Size: 1.9 FTE, total assets €8.3m lowers the probability for this profile
  • Figures for FY 2024 (filed 14-10-2025) raises the probability
  • Sector Arts creation and performing arts activities (NACE 90) lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late raises the probability
Credit up to €140,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.25 in 2023; short-term debt: 73.3% and cash: 14% of total assets), and 75.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 33%, liquidity 16%, profitability 35%, growth against the median 74%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: 1.9 FTE, total assets €8.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 14-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Arts creation and performing arts activities (NACE 90)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 71 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
27 d late
2022
44 d late
2021
60 d late
2020
82 d late
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations & appointmentsPower of attorney
  2. Resignations & appointmentsPower of attorney
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Back in profit in 2024after -€370,580 in 2023 €1.5m View
  • Positive: Among the best 5% on net resultsector median €24,687 · 541 companies €1.5m View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View

By topic

Financials

Fiscal year
2024
Total assets
€8.3m
Profit
€1.5m
Solvency
24.4%
Total assets▲ 30.8%
Net result
20182024
Go to Financials

Timeline

Events
16
Since
2016
  1. 15-04-2026Resignations & appointments
  2. 17-03-2026Resignations & appointments
  3. 10-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Private limited company
Activity
Performing arts by artistic ensemblesNACE 90202
Founded
29-06-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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