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THIVAN GROUP

Active
Private limited companyfounded 2016active for 10 yearsReeënlaan 51, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0662.526.925
Summary

THIVAN GROUP has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,151 and a net result of -€1,811. Equity has been growing by about 5.2% per year since 2018. Its solvency ranks better than 76% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 13-09-2016 Normal situation
Activity
General electrical installation work NACE 43211and 2 others
Establishment unit
2.257.167.927 3550 Heusden-Zolder, since 13-09-2016
Financial year end
31 December
Peppol
Reachable since 24-11-2023

Board and ownership

Board

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Gross margin
€7,286
▼ 57.2%
Turnover
≈ €61,000
estimated
Loss
€1,811
Equity
€82,151
▼ 2.2%
Total assets
€115,960
▼ 11.8%
Filed on 03-07-2026, 28 days before the deadline
Score breakdownraises risk1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Size: total assets €115,960lowers riskEquity €82,151 (70.8% of total assets)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 96+7
equity 70.8% of total assets
Liquidity 51-6
short-term debt 29.2% · cash 10.3%
Profitability 67-4
return on assets -1.6%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 1.9%highest value 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.8%▼ -0.1 percentage points vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.7%▼ -0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▼ -0.8 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 0.9%▼ -0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.8%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 0.9%▲ +0.1 percentage points vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026 11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (1.56 in 2024), below the usual 1.5. Short-term debt is 29.2% and cash 10.3% of total assets. 29.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 77% of them on solvency, 45% on liquidity, 33% on profitability and 31% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: total assets €115,960
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €82,151 (70.8% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
28 days early
2024
31 days early
2023
61 days late
2022
100 days late
2021
79 days late
2020
237 days late
2019
83 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 72 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 October (4 of the last 5 accounts filed within 90 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 80% of companies in specialised constructionsector median €10,227 · 34,889 companies -€1,811 View

Comparable companies

These companies have the same main activity as THIVAN GROUP: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €97,400 and €146,000, founded between 2015 and 2019.

CompanyTotal assetsGross margin
THIVAN GROUP Heusden-Zolder€115,960€7,286
Hals Technics Buggenhout€128,135€8,176
MGS SECURITE Verviers€111,381€8,730
Sam Elektro Anzegem€97,428€6,689
EGS ELEKTRO Kinrooi€135,478€7,655
Debutec Ledegem€145,583€7,536
DOLLENDORF ELEKTRO Bütgenbach€134,042€9,277
Full comparison

Key facts about THIVAN GROUP

What is the company number of THIVAN GROUP?
The company number of THIVAN GROUP is 0662.526.925. The VAT number is the same number with BE in front: BE 0662.526.925.
Where is THIVAN GROUP based?
The registered office is at Reeënlaan 51, 3550 Heusden-Zolder.Company details
What does THIVAN GROUP do?
According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of THIVAN GROUP?
The legal form of THIVAN GROUP is Private limited company (BV).
When was THIVAN GROUP founded?
THIVAN GROUP was founded on 13-09-2016.
Is THIVAN GROUP still active?
Yes, THIVAN GROUP is an active enterprise in the KBO register.
What is the turnover of THIVAN GROUP?
The turnover in financial year 2025 is ≈ €61,000. This figure is estimated from the gross margin of €7,286 and 98 comparable companies (NACE 43211). It probably lies between €40,000 and €130,000. It is a rough estimate.Financials
Is THIVAN GROUP profitable?
In financial year 2025, THIVAN GROUP made a loss of €1,811.
Where can I find the annual accounts of THIVAN GROUP?
THIVAN GROUP filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THIVAN GROUP due?
THIVAN GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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