THN
Open bankruptcyA bankruptcy procedure is open for THN according to publications in the Belgian State Gazette; curator: JACQUES PIRON.
Summary
The 2021 annual accounts show equity of €195k and a net result of €-4k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€2.27M▲ 12.1%
2020 · €2.03M
2018: €2.32M
2019: €1.64M
2020: €2.03M
2018 → 2021
EBIT margin
-0.8%▼ 1.7pp
2020 · 0.9%
2018: 2.4%
2019: 2.7%
2020: 0.9%
2018 → 2021
Net result
€-4k
2020 · €16k
2018: €36k
2019: €25k
2020: €16k
2018 → 2021
Working capital
€171k▼ 12.2%
2020 · €195k
2018: €155k
2019: €174k
2020: €195k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€2.32M-€1.64M▼ 29.3%€2.03M▲ 23.4%€2.27M▲ 12.1%
Equity€158k-€183k▲ 15.9%€199k▲ 8.8%€195k▼ 2.0%
Operating result€56k-€45k▼ 20.5%€19k▼ 57.8%€-18k
Net result€36k-€25k▼ 30.5%€16k▼ 35.7%€-4k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €18k after €19k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €863k
Fixed assets
€24k ▲ 435%
Current assets
€839k ▲ 10.9%
Equity and liabilities €863k
Equity
€195k ▼ 2.0%
Debt
€668k ▲ 18.8%
Debt's share of the balance-sheet total rises from 73.8% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2020 · €23k
Cash flow
€5k▼
2020 · €21k
Current ratio
1.26▼
2020 · 1.35
Debt to equity
3.42▲
2020 · 2.82
ROE
-2.1%▼
2020 · 8.1%
ROA
-0.5%▼
2020 · 2.1%
Interest coverage
-41.73▼
2020 · 127.36
Debt ≤ 1 year
€668k▲
2020 · €562k
Staff costs
€1.60M▲
2020 · €1.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 41 lines
Balance sheet
Code20202021
Assets
Total assets20/58€761k€863k▲
Fixed assets21/28€5k€24k▲
Tangible fixed assets22/27€4k€23k▲
Furniture and vehicles24€4k€23k▲
Financial fixed assets28€953€953=
Current assets29/58€757k€839k▲
Amounts receivable within one year40/41€595k€708k▲
Trade receivables40€203k€272k▲
Other amounts receivable41€392k€435k▲
Cash at bank and in hand54/58€162k€132k▼
Equity and liabilities
Total equity and liabilities10/49€761k€863k▲
Equity10/15€199k€195k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Profit (loss) carried forward14€179k€175k▼
Amounts payable17/49€562k€668k▲
Amounts payable within one year42/48€562k€668k▲
Trade debts44€499k€498k▼
Suppliers440/4€499k€498k▼
Taxes, remuneration and social security45€63k€170k▲
Taxes450/3€6€9k▲
Remuneration and social security454/9€63k€161k▲
Income statement
Code20202021
Turnover70€2.03M€2.27M▲
Goods, raw materials, services and sundry goods60/61€582k€677k▲
Remuneration, social security and pensions62€1.42M€1.60M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€1.45M€1.60M▲
Operating profit (loss)9901€19k€-18k▼
Financial income75/76B€19€16k▲
Recurring financial income75€19€16k▲
Non-recurring financial income76B€19€16k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€182€221▲
Non-recurring financial charges66B€3k€2k▼
Profit (loss) for the period before taxes9903€16k€-4k▼
Profit (loss) for the period9904€16k€-4k▼
Profit (loss) for the period to be appropriated9905€16k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€175k▼
Profit (loss) brought forward from the previous period14P€163k€179k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · THN SRL AVENUE ROGIER 348, 1030 Schaerbeek · event 15-01-2024
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 339 days late
2021
31-12
Financial
Weakest financial yearnet €-4k ▼125%
Net result drops to €-4k, the lowest in the series.
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 72 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 70 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rogierlaan 3481030 SchaarbeekGround area
264 m²
Building footprint
219 m²
Volume, LiDAR
2,557 m³
2 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
THN
since 20142.229.765.031
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0434/00K003 | Brussels | 163 m² | 1 · 119 m² | 17.3 m · 4 fl. |
| 21902A0266/00T002 | Brussels | 101 m² | 1 · 101 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE DE LA TOISON D’OR 77,
1060 SAINT-GILLES |
15-01-2024 → present |
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,054. 717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.