THJ IMMO
ActiveSummary
THJ IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,551 and a net result of -€15,110. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24=
Solvency37▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.09 in 2024; short-term debt: 69.2% of total assets), and 87.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€15,110
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
17 d early
2023
19 d early
2022
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Jalhay, Real estate sector
Equity
€142,551▼ 9.6%
2024 · €157,661
Total assets
€1.2m▲ 21.7%
2024 · €956,486
Net result
-€15,110▼ 31.7%
2024 · -€11,475
Working capital
€30,632▼ 40.6%
2024 · €51,580
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€2,236--€3,535▼ 58.1%€633€8,804▲ 1,290%
Net result-€2,253within the sector's middle half--€3,610within the sector's middle half▼ 60.2%-€11,475below the sector's middle half▼ 218%-€15,110below the sector's middle half▼ 31.7%
Equity€172,747within the sector's middle half-€169,137within the sector's middle half▼ 2.1%€157,661within the sector's middle half▼ 6.8%€142,551within the sector's middle half▼ 9.6%
Total assets€172,989within the sector's middle half-€354,906within the sector's middle half▲ 105%€956,486within the sector's middle half▲ 170%€1.2mabove the sector's middle half▲ 21.7%
Debt€242-€185,769▲ 76,664%€798,825▲ 330%€1.0m▲ 27.8%
Working capital€170,917above the sector's middle half-€167,833above the sector's middle half▼ 1.8%€51,580within the sector's middle half▼ 69.3%€30,632within the sector's middle half▼ 40.6%
Solvency99.9%above the sector's middle half-47.7%within the sector's middle half▼ 52.2pp16.5%within the sector's middle half▼ 31.2pp12.2%within the sector's middle half▼ 4.2pp
Current ratio1.90within the sector's middle half1.09within the sector's middle half▼ 0.811.04within the sector's middle half▼ 0.05
Return on assets (ROA)-1.3%within the sector's middle half--1.0%within the sector's middle half▲ 0.3pp-1.2%within the sector's middle half▼ 0.2pp-1.3%within the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,290% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€327,751 ▼ 3.4%
Current assets
€835,775 ▲ 35.6%
Equity and liabilities €1.2m
Equity
€142,551 ▼ 9.6%
Debt
€1.0m ▲ 27.8%
Debt's share of the balance-sheet total rises from 83.5% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,906▲
2024 · €9,881
Cash flow
-€3,008▼
2024 · -€2,228
Quick ratio
0.00▲
2024 · 0.00
Debt to equity
7.16▲
2024 · 5.07
ROE
-10.6%▼
2024 · -7.3%
Interest coverage
0.87▲
2024 · 0.82
Debt ≤ 1 year
€805,143▲
2024 · €564,799
Debt > 1 year
€214,470▼
2024 · €228,179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
1.3%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 748 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €797 | €525 | €9,247 | €12,102 | ▲ 30.9% |
| Other operating charges640/8 | €695 | €384 | €2,312 | €3,065 | ▲ 32.5% |
| Gross operating margin9900 | -€744 | -€2,626 | €12,193 | €23,971 | ▲ 96.6% |
| Operating profit (loss)9901 | -€2,236 | -€3,535 | €633 | €8,804 | ▲ 1,290% |
| Financial income75/76B | - | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - |
| Financial charges65/66B | €17 | €75 | €12,109 | €23,914 | ▲ 97.5% |
| Recurring financial charges65 | €17 | €75 | €12,109 | €23,914 | ▲ 97.5% |
| Profit (loss) for the period before taxes9903 | -€2,253 | -€3,610 | -€11,475 | -€15,110 | ▼ 31.7% |
| Profit (loss) for the period9904 | -€2,253 | -€3,610 | -€11,475 | -€15,110 | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,253 | -€3,610 | -€11,475 | -€15,110 | ▼ 31.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €172,989 | €354,906 | €956,486 | €1.2m | ▲ 21.7% |
| Formation expenses20 | €1,829 | €1,304 | €779 | €253 | ▼ 67.5% |
| Fixed assets21/28 | - | - | €339,328 | €327,751 | ▼ 3.4% |
| Tangible fixed assets22/27 | - | - | €339,328 | €327,751 | ▼ 3.4% |
| Land and buildings22 | - | - | €339,328 | €327,751 | ▼ 3.4% |
| Current assets29/58 | €171,159 | €353,602 | €616,380 | €835,775 | ▲ 35.6% |
| Stocks and contracts in progress3 | €32,109 | €330,364 | €616,380 | €832,378 | ▲ 35.0% |
| Stocks30/36 | €32,109 | €330,364 | €616,380 | €832,378 | ▲ 35.0% |
| Amounts receivable within one year40/41 | €42 | €2,750 | €0 | €2,747 | - |
| Trade receivables40 | - | €100 | €0 | €400 | - |
| Other amounts receivable41 | €42 | €2,650 | €0 | €2,347 | - |
| Cash at bank and in hand54/58 | €139,008 | €20,488 | €0 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €649 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €172,989 | €354,906 | €956,486 | €1.2m | ▲ 21.7% |
| Equity10/15 | €172,747 | €169,137 | €157,661 | €142,551 | ▼ 9.6% |
| Contributions10/11 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Profit (loss) carried forward14 | -€2,253 | -€5,863 | -€17,339 | -€32,449 | ▼ 87.1% |
| Amounts payable17/49 | €242 | €185,769 | €798,825 | €1.0m | ▲ 27.8% |
| Amounts payable after more than one year17 | - | - | €228,179 | €214,470 | ▼ 6.0% |
| Financial debts170/4 | - | - | €228,179 | €214,470 | ▼ 6.0% |
| Amounts payable within one year42/48 | €242 | €185,769 | €564,799 | €805,143 | ▲ 42.6% |
| Current portion of amounts payable after more than one year42 | - | - | €13,243 | €13,709 | ▲ 3.5% |
| Financial debts43 | - | - | €24,179 | €161,049 | ▲ 566% |
| Credit institutions430/8 | - | - | €24,179 | €161,049 | ▲ 566% |
| Trade debts44 | €242 | €10,769 | €884 | €400 | ▼ 54.8% |
| Suppliers440/4 | €242 | €10,769 | €884 | €400 | ▼ 54.8% |
| Taxes, remuneration and social security45 | - | €0 | €1,493 | - | - |
| Taxes450/3 | - | €0 | €1,493 | - | - |
| Other amounts payable47/48 | - | €175,000 | €525,000 | €629,985 | ▲ 20.0% |
| Accrued charges and deferred income492/3 | - | - | €5,846 | €1,614 | ▼ 72.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,253 | -€3,610 | -€11,475 | -€15,110 | ▼ 31.7% |
| + Depreciation and write-downs630 | €797 | €525 | €9,247 | €12,102 | ▲ 30.9% |
| Operating cash flow (approximation) | -€1,456 | -€3,085 | -€2,228 | -€3,008 | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | - | - | -€525 | - |
| Change in cash | - | -€118,520 | -€20,488 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€15,110
Net result drops to -€15,110, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Jalhay · 1 establishment unit since 2021
Ground area
366 m²
Building footprint
114 m²
Volume, LiDAR
1,174 m³
Parcel 63068B0455/00V000, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
THJ IMMO
since 20212.319.114.503
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068B0455/00V000indicative | Wallonia | 366 m² | 1 · 114 m² | 11.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,695 companies in this sector we hold annual accounts for 7,393. 5,353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43120Site preparation
43230Insulation installation
43350Other building finishing work
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770399041
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.