Skip to content

THUBELUX

Active
Public limited companyfounded 199630 years activeClos des Coquinettes(W-B) 6, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0457.001.543
Summary

The computed 12-month bankruptcy probability of THUBELUX is 3.0% (moderate). The 2024 annual accounts show equity of €587,462 and a net result of €12,368. Equity is growing by ~14.2% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€803,897total assets 2024
Equity
€587,462
Profit
€12,368
Turnover not published (abridged schema)
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.0%
Structure
Accounts 69 days overdue1 of 6 deeds read
Why 51- 1 financial year not filed after the legal deadline; latest accounts 421 days late; 3 of the last 3 late- Liquidity: current ratio 2.75, cash €663, halved- Figures for FY 2024 (filed 25-09-2026)+ Size: total assets €803,897Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 48% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Strong
Solvency 98-1
equity 73.1% of total assets
Liquidity 43-3
short-term debt 20.7% · cash 0.1%
Profitability 71+16
return on assets 1.5%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.2%lowest value 12-2024: 1.7%▲ +0.5 percentage points vs 11-2024 01-2025: 3.7%▲ +2.0 percentage points vs 12-2024 02-2025: 3.7%● unchanged vs 01-2025 03-2025: 3.8%▲ +0.1 percentage points vs 02-2025 04-2025: 3.6%▼ -0.2 percentage points vs 03-2025 05-2025: 3.6%● unchanged vs 04-2025 06-2025: 3.6%● unchanged vs 05-2025 07-2025: 3.6%● unchanged vs 06-2025 08-2025: 3.9%▲ +0.3 percentage points vs 07-2025 09-2025: 3.9%● unchanged vs 08-2025 10-2025: 3.9%● unchanged vs 09-2025 11-2025: 3.9%● unchanged vs 10-2025 12-2025: 3.9%● unchanged vs 11-2025 01-2026: 4.0%▲ +0.1 percentage points vs 12-2025 02-2026: 4.0%● unchanged vs 01-2026 03-2026: 4.5%▲ +0.5 percentage points vs 02-2026highest value 04-2026: 4.5%● unchanged vs 03-2026highest value 05-2026: 4.5%● unchanged vs 04-2026highest value 06-2026: 4.5%● unchanged vs 05-2026highest value 07-2026: 4.5%● unchanged vs 06-2026highest value 08-2026: 4.2%▼ -0.3 percentage points vs 07-2026 09-2026: 4.2%● unchanged vs 08-2026 10-2026: 3.0%▼ -1.2 percentage points vs 09-2026
Credit up to €25,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.75 against 3.06 in 2023; short-term debt: 20.7% and cash: 0.1% of total assets), and 26.9% of the assets are financed with debt.
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 (no NACE code, micro): better than 61% on solvency, 26% on liquidity, 50% on profitability and 54% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Five signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 421 days late; 3 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 2.75, cash €663, halved
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 25-09-2026)
NBB · annual accounts
lowers risk · Size: total assets €803,897
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2026, 421 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
421 days late
2023
786 days late
2022
183 days late
2021
92 days late
2020
31 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 267 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Board2 directors in office 2 View
  • Active since 1996founded 04-01-1996 30 years View

By topic

Financials

Fiscal year
2024
Total assets
€803,897
Profit
€12,368
Solvency
73.1%
Total assets▲ 3.0%
Net result
20182024
Go to Financials

Timeline

Events
16
Since
2017
  1. 04-03-2026Resignation: Maurice Thumulaire (director)
  2. 30-01-2024Annual accounts filed
  3. 31-12-2022Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
04-01-1996
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.