THUIN EQUILIS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 5 filings
2022 to 2025, 4 financial years
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.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency and return on assets (ROA).
Comparable companies
These companies have the same main activity as THUIN EQUILIS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €725,000 and €822,000, founded between 2021 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| THUIN EQUILIS Waterloo | 2021 | €789,637 | -€21,952 | - | -€12,368 | 2025 |
| IMMO KINZOUTE Lasne | 2021 | €725,133 | €181,684 | -€12,489 | -€13,810 | 2025 |
| NFR CONSTRUCT Chaumont-Gistoux | 2021 | €802,407 | €274,474 | €464,923 | €116,644 | 2025 |
| MCV INVEST Tubize | 2021 | €821,712 | -€37,323 | -€21,842 | -€60,223 | 2025 |
| ISM rue Basse Projet Mons | 2021 | €794,481 | -€12,740 | -€9,100 | -€9,620 | 2025 |
| Korbo Woonprojecten Hamont-Achel | 2021 | €772,044 | €324,060 | €163,855 | €88,888 | 2025 |
| VSD IMMO Huy | 2022 | €786,916 | -€103,423 | -€5,064 | -€33,787 | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,251 companies had the same profile as THUIN EQUILIS has now. Two years later, 1.0% had gone bankrupt and 96.6% were still going.
- 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 497,445 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.
| 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00280845 | NBB |
| 31-12-2024 | unclassified schema | 07-07-2025 | 2025-00249762 | |
| 31-12-2023 | full format | 11-09-2024 | 2024-00460056 | NBB |
| 31-12-2023 | unclassified schema | 24-07-2024 | 2024-00284295 | |
| 31-12-2022 | unclassified schema | 03-07-2023 | 2023-00198773 |