THU
InactiveTHU was declared bankrupt on 23-08-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 03-06-2025, published in the Belgian State Gazette on 10-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-12-2022, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filingDeviation from the deadline
2021
138 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2021 accounts 138 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€25,619
Total assets
€218,691
Net result
€22,619
Working capital
-€10,060
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €218,691
Fixed assets
€81,589
Current assets
€137,102
Equity and liabilities €218,691
Equity
€25,619
Debt
€193,072
Debt finances 88.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€72,022
Cash flow
€55,505
Current ratio
0.93
Quick ratio
0.48
Debt to equity
7.54
ROE
88.3%
ROA
10.3%
Interest coverage
6.46
Debt ≤ 1 year
€147,161
Debt > 1 year
€45,910
Income taxes
€5,410
Staff costs
€119,375
Annual accounts
| Line | 2021 |
|---|---|
| Remuneration, social security and pensions62 | €119,375 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,886 |
| Other operating charges640/8 | €1,797 |
| Gross operating margin9900 | €193,194 |
| Operating profit (loss)9901 | €39,135 |
| Financial income75/76B | €45 |
| Recurring financial income75 | €45 |
| Financial charges65/66B | €11,152 |
| Recurring financial charges65 | €11,152 |
| Profit (loss) for the period before taxes9903 | €28,029 |
| Income taxes67/77 | €5,410 |
| Profit (loss) for the period9904 | €22,619 |
| Profit (loss) for the period to be appropriated9905 | €22,619 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €218,691 | |
| Fixed assets21/28 | €81,589 | |
| Intangible fixed assets21 | €74,595 | |
| Tangible fixed assets22/27 | €5,306 | |
| Land and buildings22 | €2,762 | |
| Plant, machinery and equipment23 | €1,069 | |
| Furniture and vehicles24 | €1,475 | |
| Financial fixed assets28 | €1,688 | |
| Current assets29/58 | €137,102 | |
| Stocks and contracts in progress3 | €66,451 | |
| Stocks30/36 | €66,451 | |
| Amounts receivable within one year40/41 | €6,977 | |
| Trade receivables40 | €2,576 | |
| Other amounts receivable41 | €4,401 | |
| Cash at bank and in hand54/58 | €63,249 | |
| Deferred charges and accrued income490/1 | €424 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €218,691 | |
| Equity10/15 | €25,619 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €21,000 | |
| Distributable reserves133 | €21,000 | |
| Profit (loss) carried forward14 | €1,619 | |
| Amounts payable17/49 | €193,072 | |
| Amounts payable after more than one year17 | €45,910 | |
| Financial debts170/4 | €45,910 | |
| Amounts payable within one year42/48 | €147,161 | |
| Current portion of amounts payable after more than one year42 | €10,457 | |
| Trade debts44 | €102,018 | |
| Suppliers440/4 | €102,018 | |
| Taxes, remuneration and social security45 | €31,584 | |
| Taxes450/3 | €6,982 | |
| Remuneration and social security454/9 | €24,602 | |
| Other amounts payable47/48 | €3,103 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €22,619 |
| + Depreciation and write-downs630 | €32,886 |
| Operating cash flow (approximation) | €55,505 |
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
2025
10-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 03-06-2025
2023
29-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 23-08-2023
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 138 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
23-08-2023 → 03-06-2025 |