THUIN EQUILIS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,739, larger than the loss of €9,934 in 2024. It is the lowest result since 2022.
Auditor
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fee for the audit | €3,300 | €3,932 | €4,316 | €4,446 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €135,421 | €61,003 | €3,867 | €901 | ▼ 76.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €135,421 | €61,003 | €3,867 | €901 | ▼ 76.7% |
| Operating charges60/66A | €142,262 | €72,255 | €13,801 | €12,640 | ▼ 8.4% |
| Services and other goods61 | €119,558 | €71,990 | €13,524 | €12,355 | ▼ 8.6% |
| Other operating charges640/8 | €22,703 | €266 | €277 | €285 | ▲ 3.1% |
| Operating profit (loss)9901 | -€6,841 | -€11,253 | -€9,934 | -€11,739 | ▼ 18.2% |
| Financial charges65/66B | €343 | €598 | €616 | €629 | ▲ 2.1% |
| Recurring financial charges65 | €343 | €598 | €616 | €629 | ▲ 2.1% |
| Debt charges650 | - | - | - | €0 | - |
| Other financial charges652/9 | €343 | €598 | €616 | €628 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | -€7,184 | -€11,851 | -€10,550 | -€12,368 | ▼ 17.2% |
| Profit (loss) for the period9904 | -€7,184 | -€11,851 | -€10,550 | -€12,368 | ▼ 17.2% |
| Profit (loss) for the period to be appropriated9905 | -€7,184 | -€11,851 | -€10,550 | -€12,368 | ▼ 17.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €693,146 | €722,970 | €756,929 | €789,637 | ▲ 4.3% |
| Current assets29/58 | €693,146 | €722,970 | €756,929 | €789,637 | ▲ 4.3% |
| Stocks and contracts in progress3 | €596,502 | €697,674 | €745,255 | €781,936 | ▲ 4.9% |
| Contracts in progress37 | €596,502 | €697,674 | €745,255 | €781,936 | ▲ 4.9% |
| Amounts receivable within one year40/41 | €24,458 | €6,178 | €1,423 | €3,404 | ▲ 139% |
| Trade receivables40 | €175 | - | - | - | - |
| Other amounts receivable41 | €24,283 | €6,178 | €1,423 | €3,404 | ▲ 139% |
| Cash at bank and in hand54/58 | €72,185 | €19,119 | €10,251 | €4,297 | ▼ 58.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €693,146 | €722,970 | €756,929 | €789,637 | ▲ 4.3% |
| Equity10/15 | €12,816 | €965 | -€9,585 | -€21,952 | ▼ 129% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€7,184 | -€19,035 | -€29,585 | -€41,952 | ▼ 41.8% |
| Amounts payable17/49 | €680,330 | €722,005 | €766,514 | €811,589 | ▲ 5.9% |
| Amounts payable after more than one year17 | €676,959 | €717,128 | €760,843 | €806,622 | ▲ 6.0% |
| Other amounts payable178/9 | €676,959 | €717,128 | €760,843 | €806,622 | ▲ 6.0% |
| Amounts payable within one year42/48 | €3,370 | €4,877 | €5,671 | €4,967 | ▼ 12.4% |
| Trade debts44 | €3,370 | €4,877 | €5,671 | €4,967 | ▼ 12.4% |
| Suppliers440/4 | €3,370 | €4,877 | €5,671 | €4,967 | ▼ 12.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,184 | -€11,851 | -€10,550 | -€12,368 | ▼ 17.2% |
| Operating cash flow (approximation) | -€7,184 | -€11,851 | -€10,550 | -€12,368 | ▼ 17.2% |
| Change in cash | - | -€53,067 | -€8,868 | -€5,954 | ▲ 32.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as THUIN EQUILIS has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THUIN EQUILIS itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for THUIN EQUILIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00280845 | |
| 31-12-2024 | unclassified schema | 07-07-2025 | 2025-00249762 | |
| 31-12-2023 | full format | 11-09-2024 | 2024-00460056 | |
| 31-12-2023 | unclassified schema | 24-07-2024 | 2024-00284295 | |
| 31-12-2022 | unclassified schema | 03-07-2023 | 2023-00198773 |