Summary
THUJA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.8m and a net result of €104,472. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 5565 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
26 d early
2022
18 d early
2021
1 d late
2020
3 d late
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m▲ 6.0%
2024 · €1.7m
Net result
€104,472▲ 66.5%
2024 · €62,745
Total assets
€1.9m▼ 11.8%
2024 · €2.2m
Solvency
94.5%▲ 15.9pp
2024 · 78.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€122,269▼ 43.0%€238,693▲ 95.2%€45,377▼ 81.0%€98,883▲ 118%€181,933▲ 84.0%
Net result€83,889▼ 71.2%€1.1m▲ 1,247%€7,748▼ 99.3%€62,745▲ 710%€104,472▲ 66.5%
Equity€2.6m▲ 3.4%€2.3m▼ 8.3%€1.7m▼ 29.1%€1.7m▲ 3.8%€1.8m▲ 6.0%
Total assets€2.9m▲ 0.6%€3.0m▲ 5.4%€2.3m▼ 22.4%€2.2m▼ 5.9%€1.9m▼ 11.8%
Debt€297,178▼ 18.6%€663,200▲ 123%€669,821▲ 1.0%€469,690▼ 29.9%€106,174▼ 77.4%
Working capital€510,392▲ 7.7%€278,784▼ 45.4%-€388,850-€382,050▲ 1.7%€264,010
Solvency89.6%▲ 2.4pp78.0%▼ 11.6pp71.3%▼ 6.7pp78.6%▲ 7.3pp94.5%▲ 15.9pp
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -99% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 84% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.6m ▼ 24.4%
Current assets
€342,754 ▲ 291%
Equity and liabilities €1.9m
Equity
€1.8m ▲ 6.0%
Debt
€106,174 ▼ 77.4%
Debt's share of the balance-sheet total falls from 21.4% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.7%▲
2024 · 3.6%
ROA
5.4%▲
2024 · 2.9%
Debt ≤ 1 year
€78,744▼
2024 · €469,685
Debt > 1 year
€19,251▲
2024 · €0
Income taxes
€69,716▲
2024 · €33,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,278 | €31,728 | €36,595 | €26,224 | €18,415 | ▼ 29.8% |
| Other operating charges640/8 | €1,974 | €2,003 | €2,339 | €1,938 | €2,405 | ▲ 24.1% |
| Gross operating margin9900 | €157,521 | €272,424 | €84,311 | €127,045 | €202,752 | ▲ 59.6% |
| Operating profit (loss)9901 | €122,269 | €238,693 | €45,377 | €98,883 | €181,933 | ▲ 84.0% |
| Financial income75/76B | €10,035 | €1.1m | €1,654 | €299 | €4,388 | ▲ 1,369% |
| Recurring financial income75 | €10,035 | €380,591 | €1,654 | €299 | €4,388 | ▲ 1,369% |
| Non-recurring financial income76B | - | €700,397 | €0 | - | - | - |
| Financial charges65/66B | €4,670 | €4,304 | €1,527 | €3,224 | €12,132 | ▲ 276% |
| Recurring financial charges65 | €4,670 | €4,304 | €1,527 | €3,224 | €12,132 | ▲ 276% |
| Profit (loss) for the period before taxes9903 | €127,634 | €1.3m | €45,504 | €95,958 | €174,188 | ▲ 81.5% |
| Income taxes67/77 | €43,745 | €185,312 | €37,756 | €33,213 | €69,716 | ▲ 110% |
| Profit (loss) for the period9904 | €83,889 | €1.1m | €7,748 | €62,745 | €104,472 | ▲ 66.5% |
| Profit (loss) for the period to be appropriated9905 | €83,889 | €1.1m | €7,748 | €62,745 | €104,472 | ▲ 66.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.0m | €2.3m | €2.2m | €1.9m | ▼ 11.8% |
| Fixed assets21/28 | €2.2m | €2.2m | €2.1m | €2.1m | €1.6m | ▼ 24.4% |
| Tangible fixed assets22/27 | €620,889 | €607,950 | €592,553 | €566,329 | €52,166 | ▼ 90.8% |
| Land and buildings22 | €564,062 | €549,945 | €535,828 | €521,712 | €0 | ▼ 100% |
| Furniture and vehicles24 | €24,661 | €21,060 | €24,284 | €16,683 | €42,881 | ▲ 157% |
| Other tangible fixed assets26 | €32,166 | €36,946 | €32,440 | €27,935 | €9,285 | ▼ 66.8% |
| Financial fixed assets28 | €1.6m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €642,671 | €858,702 | €198,798 | €87,635 | €342,754 | ▲ 291% |
| Amounts receivable after more than one year29 | €375,145 | €0 | - | - | - | - |
| Other amounts receivable291 | €375,145 | €0 | - | - | - | - |
| Stocks and contracts in progress3 | - | - | €7,045 | €7,045 | €7,045 | = |
| Stocks30/36 | - | - | €7,045 | €7,045 | €7,045 | = |
| Amounts receivable within one year40/41 | €2,500 | €7,730 | €45,350 | €0 | €192,275 | - |
| Trade receivables40 | €2,500 | €0 | - | - | €258 | - |
| Other amounts receivable41 | €0 | €7,730 | €45,350 | €0 | €192,017 | - |
| Current investments50/53 | €241,307 | €655,849 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €23,435 | €194,930 | €146,167 | €78,740 | €142,220 | ▲ 80.6% |
| Deferred charges and accrued income490/1 | €285 | €193 | €235 | €1,850 | €1,214 | ▼ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.0m | €2.3m | €2.2m | €1.9m | ▼ 11.8% |
| Equity10/15 | €2.6m | €2.3m | €1.7m | €1.7m | €1.8m | ▲ 6.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2.4m | €2.2m | €1.5m | €1.6m | €1.7m | ▲ 6.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €2.4m | €2.2m | €1.5m | €1.6m | €1.7m | ▲ 6.6% |
| Profit (loss) carried forward14 | €133,058 | €133,058 | €133,058 | €133,058 | €133,058 | = |
| Amounts payable17/49 | €297,178 | €663,200 | €669,821 | €469,690 | €106,174 | ▼ 77.4% |
| Amounts payable after more than one year17 | €163,246 | €82,174 | €82,174 | €0 | €19,251 | - |
| Financial debts170/4 | €163,246 | €82,174 | €82,174 | €0 | €19,251 | - |
| Amounts payable within one year42/48 | €132,280 | €579,918 | €587,647 | €469,685 | €78,744 | ▼ 83.2% |
| Current portion of amounts payable after more than one year42 | €79,985 | €81,072 | €0 | €82,174 | €14,882 | ▼ 81.9% |
| Trade debts44 | €2,569 | €1,948 | €7,002 | €5,603 | €6,500 | ▲ 16.0% |
| Suppliers440/4 | €2,569 | €1,948 | €7,002 | €5,603 | €6,500 | ▲ 16.0% |
| Taxes, remuneration and social security45 | €39,255 | €162,712 | €8,167 | €30,507 | €57,363 | ▲ 88.0% |
| Taxes450/3 | €39,255 | €162,712 | €8,167 | €30,507 | €57,363 | ▲ 88.0% |
| Other amounts payable47/48 | €10,470 | €334,186 | €572,478 | €351,402 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,652 | €1,109 | €0 | €4 | €8,179 | ▲ 185,782% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,889 | €1.1m | €7,748 | €62,745 | €104,472 | ▲ 66.5% |
| + Depreciation and write-downs630 | €33,278 | €31,728 | €36,595 | €26,224 | €18,415 | ▼ 29.8% |
| Operating cash flow (approximation) | €117,167 | €1.2m | €44,343 | €88,969 | €122,886 | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | €30,814 | -€21,197 | €0 | €495,748 | - |
| Change in cash | - | €171,495 | -€48,763 | -€67,428 | €63,480 | ▲ 194% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 23current ratio 4.35
Current ratio from 0.19 to 4.35; short-term debt falls from €469,685 to €78,744.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €7,748 ▼99.3%
Net result drops to €7,748, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €1.1m ▲1,247%
Net result €1.1m, the highest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.96
Current ratio from 1.68 to 4.96; short-term debt falls from €493,479 to €119,516.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Lier · 1 establishment unit since 2006
Ground area
3,425 m²
Building footprint
288 m²
Volume, LiDAR
1,385 m³
Parcel 12019C0159/00L000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
THUJA
since 20062.154.556.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019C0159/00L000 | Flanders | 3,425 m² | 1 · 288 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
15.08%
-
14.88%
According to the 2025 annual accounts of THUJA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 11,176 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880904510
Also
9925:BE0880904510
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.