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THR Services

Active
Private limited companyfounded 20232 yrs activePicardstraat 7/100, 1000 Brussel, BelgiumKBO/BCE: BE 1002.346.827
Summary

The computed 12-month bankruptcy probability of THR Services is 5.7% (elevated). The 2024 annual accounts show equity of €2,132 and a net result of €132. Its solvency ranks better than 29% of 36378 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability49
Solvency53
Growth-
Track record67
Bankruptcy probability, 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.0; short-term debt: 72.2% and cash: 0% of total assets), and 72.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
27.8%
Return on assets
1.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 1 filing
Deviation from the deadline
2024
78 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 78 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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

History

THR Services was incorporated on 16 November 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€25,000
EBIT margin
0.7%
Net result
€132
Working capital
-€5,541

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €7,675
Fixed assets €7,674
Current assets €1
Equity and liabilities €7,675
Equity €2,132
Debt €5,542
Debt finances 72.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€2,294
Cash flow
€2,263
Current ratio
0.00
Debt to equity
2.60
ROE
6.2%
ROA
1.7%
Debt ≤ 1 year
€5,542
Income taxes
€33

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,542 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
Filed annual accounts As filed with the NBB · 2024 · 30 lines
Balance sheet Code2024
Assets
Total assets20/58€7,675
Fixed assets21/28€7,674
Tangible fixed assets22/27€7,674
Furniture and vehicles24€7,674
Current assets29/58€1
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€7,675
Equity10/15€2,132
Contributions10/11€2,000
Profit (loss) carried forward14€132
Amounts payable17/49€5,542
Amounts payable within one year42/48€5,542
Trade debts44€2,196
Suppliers440/4€2,196
Taxes, remuneration and social security45€33
Taxes450/3€33
Other amounts payable47/48€3,313
Income statement Code2024
Turnover70€25,000
Goods, raw materials, services and sundry goods60/61€22,525
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,131
Other operating charges640/8€180
Gross operating margin9900€2,475
Operating profit (loss)9901€164
Financial income75/76B€2
Recurring financial income75€2
Profit (loss) for the period before taxes9903€166
Income taxes67/77€33
Profit (loss) for the period9904€132
Profit (loss) for the period to be appropriated9905€132
Appropriation of the result
Profit (loss) to be appropriated9906€132

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€25,000
Goods, raw materials, services and sundry goods60/61€22,525
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,131
Other operating charges640/8€180
Gross operating margin9900€2,475
Operating profit (loss)9901€164
Financial income75/76B€2
Recurring financial income75€2
Profit (loss) for the period before taxes9903€166
Income taxes67/77€33
Profit (loss) for the period9904€132
Profit (loss) for the period to be appropriated9905€132
Line2024
Assets
Total assets20/58€7,675
Fixed assets21/28€7,674
Tangible fixed assets22/27€7,674
Furniture and vehicles24€7,674
Current assets29/58€1
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€7,675
Equity10/15€2,132
Contributions10/11€2,000
Profit (loss) carried forward14€132
Amounts payable17/49€5,542
Amounts payable within one year42/48€5,542
Trade debts44€2,196
Suppliers440/4€2,196
Taxes, remuneration and social security45€33
Taxes450/3€33
Other amounts payable47/48€3,313
Line2024
Profit (loss) for the period9904€132
+ Depreciation and write-downs630€2,131
Operating cash flow (approximation)€2,263

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Brussel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
5.5 ha
Building footprint
3.9 ha
Volume, LiDAR
649,696 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
THR Services
Steenweg op Mechelen 455, 1950 KraainemGeneral construction of buildings
since 20232.352.266.529
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21814P0441/00B000 Brussels 4.4 ha 1 · 3.9 ha 34.0 m · 6 fl.
22002C0073/00N009 Flanders 1.1 ha 1 · 865 m² 42.8 m · 14 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 22,818 companies in sector 43211 we hold annual accounts for 10,336. 1,914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Contact
E-mail Thr.services@gmail.com
Phone 0465338722
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002346827
Also 9925:BE1002346827
Registered 19-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.