THSM
ActiveSummary
THSM has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,029 and a net result of €4,721. Its solvency ranks better than 26% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- €4,029
- Profit
- €4,721
- MAILLIARD Thomas Philip KristDirector
Why 66raises riskFounded in 20231 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 11-03-2026)Liquidity: current ratio 1.07, cash €6,498Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 26% on solvency, 57% on liquidity, 92% on profitability and 99% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 40 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €4,721
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €5,771 after a loss of €3,610 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,445 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% | 0.9% |
| 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 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,932 | €920 | ▼ 84.5% |
| Other operating charges640/8 | €235 | €11,978 | ▲ 51× |
| Gross operating margin9900 | €2,557 | €18,668 | ▲ 630% |
| Operating profit (loss)9901 | -€3,610 | €5,771 | - |
| Financial income75/76B | €15 | €8 | ▼ 49.3% |
| Recurring financial income75 | €15 | €8 | ▼ 49.3% |
| Financial charges65/66B | €66 | €140 | ▲ 112% |
| Recurring financial charges65 | €66 | €140 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | -€3,661 | €5,638 | - |
| Income taxes67/77 | €32 | €917 | ▲ 29× |
| Profit (loss) for the period9904 | -€3,693 | €4,721 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,693 | €4,721 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €24,886 | €16,211 | ▼ 34.9% |
| Fixed assets21/28 | €14,753 | €3,191 | ▼ 78.4% |
| Tangible fixed assets22/27 | €14,753 | €3,191 | ▼ 78.4% |
| Plant, machinery and equipment23 | - | €1,057 | - |
| Furniture and vehicles24 | €14,753 | €2,134 | ▼ 85.5% |
| Current assets29/58 | €10,134 | €13,020 | ▲ 28.5% |
| Amounts receivable within one year40/41 | €7,981 | €6,522 | ▼ 18.3% |
| Trade receivables40 | €7,981 | €6,522 | ▼ 18.3% |
| Cash at bank and in hand54/58 | €2,153 | €6,498 | ▲ 202% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €24,886 | €16,211 | ▼ 34.9% |
| Equity10/15 | -€693 | €4,029 | - |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | - | €1,029 | - |
| Distributable reserves133 | - | €1,029 | - |
| Profit (loss) carried forward14 | -€3,693 | €0 | - |
| Amounts payable17/49 | €25,579 | €12,183 | ▼ 52.4% |
| Amounts payable within one year42/48 | €24,977 | €12,183 | ▼ 51.2% |
| Trade debts44 | €4,447 | €1,023 | ▼ 77.0% |
| Suppliers440/4 | €4,447 | €1,023 | ▼ 77.0% |
| Taxes, remuneration and social security45 | €1,846 | €1,607 | ▼ 13.0% |
| Taxes450/3 | €1,846 | €1,607 | ▼ 13.0% |
| Other amounts payable47/48 | €18,684 | €9,553 | ▼ 48.9% |
| Accrued charges and deferred income492/3 | €602 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,693 | €4,721 | - |
| + Depreciation and write-downs630 | €5,932 | €920 | ▼ 84.5% |
| Operating cash flow (approximation) | €2,239 | €5,641 | ▲ 152% |
| Investment in fixed assets (approximation) | - | €10,641 | - |
| Change in cash | - | €4,345 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 11-03-2026 | 2026-00052346 |
| 30-09-2024 | micro format | 01-04-2025 | 2025-00059856 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €420 awarded · €420 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MAILLIARD Thomas Philip Krist |
|
Owners and capital
Capital and shareholders
- MAILLIARD Thomas Philip Krist 100 shares (100%) · €3,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 20-07-2023 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-10
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 31-08-2026
- Registered-office move, Geestendalstraat 9,8791 Waregem
20-07
Gazette deed
IncorporationAppointment: MAILLIARD Thomas Philip Krist (director) · Founder · Founding capital6 facts ▸
- Incorporation, “THSM” (deed in Dutch)
- Founder, MAILLIARD Thomas Philip Krist
- Founding capital, €3,000
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Board rule, 1
- Director appointment, MAILLIARD Thomas Philip Krist (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.055.071
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34006A0227/00N000 | Flanders | 522 m² | 1 · 97 m² | 8.3 m · 2 |
| 34006A0043/00P005 | Flanders | 213 m² | 1 · 88 m² | 6.6 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Ontwerp,creatie,aanleg en onderhoud van tuinen,parken,sportvelden,diverse groenzones.Het uitvoeren van alle beplantingen en…” (deed in Dutch)
23 activities (deed in Dutch)
- Ontwerp,creatie,aanleg en onderhoud van tuinen,parken,sportvelden,diverse groenzones.Het uitvoeren van alle beplantingen en groenvoorzieningen.Het kweken van bomen,struiken en planten,het telen van bloemen,snijbloemen en kamerplanten.Het uitvoeren van maai- en snoeiwerken,sproeiwerken,onderhoud van wegen en bermen.Het uitvoeren van grond- en wegenwerken;
- Aanleggen van tuinpaden,opritten,terrassen,diverse terreinen;drainerings- en rioleringswerken;aanleg en onderhoud van vijvers,grachten en waterkanalen;plaatsen van afsluitingen en diverse constructies in alle materialen,zwembaden;
- Groot-en kleinhandel in land- en tuinbouwartikelen,tuinartikelen en -machines,plant-en zaaigoed;
- Handelsbemiddeling in goederen,algemeen assortiment;
- Onderhoud van wegen,strooien van zout,sneeuw- en ijsvrij maken van wegen en voetpaden;
- Groot- en kleinhandel in hulpstoffen in de tuinaanleg,en -onderhoud,zoals daar zijn:mest-stoffen,(organische en kunstmeststoffen),sproeistoffen,grondverbeteringsmiddelen,potgrond,land–en tuinbouwzaden,folies en gronddoeken enz….;
- Klein- en groothandel in tuinartikelen,zoals daar zijn:tuinmeubelen,tuinverlichting,tuinbeelden,tuindecoratie,pergola's,vijvers,zwembaden en alle toebehoren daarbij;
- Aan- en verkoop van alle mogelijke handelsgoederen;
- Opdienen in horecazaken;
- Aankoop- en verkoop,verhuur,vervoer en opbouw van feestmateriaal en tenten;
- Detailhandel in alle soorten voer- en vaartuigen;
- Algemeen onderhoud en reparatie van alle soorten voer- en vaartuigen;
- Organiseren van pleziervaarten op het water met eigen boot;
- Optrekken van de ruwbouw van gebouwen;aannemer metsel- en betonwerken,sloopwerken;
- Werken uitvoeren als onderaannemer;
- Algemene bouw en renovatie van residentiële en niet-residentiële gebouwen;
- De aankoop,de verkoop,de huur,de invoer en de uitvoer van alle mogelijke materialen,goederen,toestellen en materieel,noodzakelijk voor de bouw,het onderhoud,het herstel en de vernieuwing van gebouwen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen,al dan niet met BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,de aan- en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
- Alle mogelijke dienstverlening aan derden.
- Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen,met inbegrip van het handelsfonds,in pand stellen,zij mag zich borgstellen en aval verlenen voor alle leningen,kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft.
- De vennootschap kan eveneens optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Pontstraat 69,8791 Beveren-Leie” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of March at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed