THULE
ActiveSummary
THULE has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50.2m and a net result of €22.5m. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 63% of 71 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 6 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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Financials · fiscal year 2025, full schema, statutory accounts
Source amounts without an identifiable currency are assumed to be EUR.
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| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €159.8m | €181.8m | €159.8m | €153.7m | €162.4m | ▲ 5.7% |
| Turnover70 | €150.6m | €176.6m | €156.4m | €151.5m | €158.6m | ▲ 4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €5.4m | €694,130 | -€765,422 | -€1.5m | -€872,997 | ▲ 43.0% |
| Other operating income74 | €3.7m | €4.5m | €4.2m | €3.7m | €4.7m | ▲ 26.5% |
| Operating charges60/66A | €132.3m | €152.0m | €132.6m | €123.7m | €131.2m | ▲ 6.0% |
| Goods for resale, raw materials and consumables60 | €92.9m | €103.9m | €82.6m | €81.2m | €83.0m | ▲ 2.2% |
| Purchases600/8 | €98.2m | €105.6m | €82.7m | €78.5m | €83.0m | ▲ 5.6% |
| Change in stocks: decrease (increase)609 | -€5.3m | -€1.8m | -€45,496 | €2.7m | €64,610 | ▼ 97.6% |
| Services and other goods61 | €23.3m | €28.4m | €25.1m | €22.2m | €24.5m | ▲ 10.4% |
| Remuneration, social security and pensions62 | €15.6m | €18.5m | €20.4m | €19.7m | €20.9m | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€513,860 | -€100,699 | €2.5m | -€1.9m | €301,878 | ▲ 116% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€98,918 | -€450,995 | -€48,263 | -€16,123 | -€126,336 | ▼ 684% |
| Other operating charges640/8 | €116,244 | €119,446 | €119,619 | €244,553 | €295,335 | ▲ 20.8% |
| Operating profit (loss)9901 | €27.5m | €29.8m | €27.2m | €30.0m | €31.3m | ▲ 4.3% |
| Financial income75/76B | €419,730 | €1.5m | €1.8m | €2.2m | €1.5m | ▼ 28.7% |
| Recurring financial income75 | €410,730 | €1.5m | €1.7m | €2.2m | €1.5m | ▼ 28.7% |
| Income from current assets751 | €44 | €70,178 | €998,574 | €1.4m | €866,011 | ▼ 38.4% |
| Other financial income752/9 | €410,687 | €1.5m | €705,656 | €759,738 | €676,618 | ▼ 10.9% |
| Non-recurring financial income76B | €9,000 | €10,131 | €106,929 | €0 | - | - |
| Financial charges65/66B | €2.4m | €2.9m | €2.6m | €2.6m | €2.8m | ▲ 8.7% |
| Recurring financial charges65 | €2.3m | €2.9m | €2.6m | €2.6m | €2.8m | ▲ 8.7% |
| Debt charges650 | €971 | €119 | €0 | - | - | - |
| Other financial charges652/9 | €2.3m | €2.9m | €2.6m | €2.6m | €2.8m | ▲ 8.7% |
| Non-recurring financial charges66B | €105,308 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €25.4m | €28.5m | €26.4m | €29.5m | €30.0m | ▲ 1.4% |
| Income taxes67/77 | €6.5m | €7.2m | €6.2m | €7.5m | €7.4m | ▼ 1.0% |
| Taxes670/3 | €6.5m | €7.2m | €6.7m | €7.5m | €7.5m | ▼ 0.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | €514,348 | €0 | €26,509 | - |
| Profit (loss) for the period9904 | €18.9m | €21.3m | €20.2m | €22.0m | €22.5m | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €18.9m | €21.3m | €20.2m | €22.0m | €22.5m | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84.9m | €93.7m | €88.9m | €94.5m | €96.5m | ▲ 2.1% |
| Fixed assets21/28 | €19.0m | €23.2m | €23.4m | €22.9m | €22.6m | ▼ 1.5% |
| Tangible fixed assets22/27 | €4.9m | €10.6m | €10.6m | €10.2m | €9.9m | ▼ 3.3% |
| Land and buildings22 | €820,154 | €4.4m | €4.8m | €5.4m | €5.7m | ▲ 5.2% |
| Plant, machinery and equipment23 | €4.0m | €6.2m | €5.8m | €4.8m | €4.1m | ▼ 14.5% |
| Furniture and vehicles24 | €39,088 | €13,795 | €0 | - | €73,646 | - |
| Financial fixed assets28 | €14.1m | €12.6m | €12.7m | €12.7m | €12.7m | = |
| Affiliated companies280/1 | €14.0m | €12.5m | €12.6m | €12.6m | €12.6m | = |
| Participating interests280 | €14.0m | €10.1m | €10.2m | €10.2m | €10.2m | = |
| Amounts receivable281 | - | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Other financial fixed assets284/8 | €82,634 | €121,610 | €124,360 | €124,588 | €127,129 | ▲ 2.0% |
| Amounts receivable and cash guarantees285/8 | €82,634 | €121,610 | €124,360 | €124,588 | €127,129 | ▲ 2.0% |
| Current assets29/58 | €65.9m | €70.5m | €65.6m | €71.6m | €73.9m | ▲ 3.2% |
| Stocks and contracts in progress3 | €22.9m | €25.8m | €22.7m | €20.6m | €19.7m | ▼ 4.2% |
| Stocks30/36 | €22.9m | €25.8m | €22.7m | €20.6m | €19.7m | ▼ 4.2% |
| Raw materials and consumables30/31 | €10.6m | €12.4m | €9.7m | €8.9m | €8.2m | ▼ 7.8% |
| Work in progress32 | €2.5m | €2.8m | €3.5m | €3.0m | €2.7m | ▼ 10.2% |
| Finished goods33 | €9.8m | €10.7m | €9.5m | €8.6m | €8.8m | ▲ 1.6% |
| Amounts receivable within one year40/41 | €12.7m | €15.7m | €9.3m | €7.5m | €7.5m | = |
| Trade receivables40 | €11.2m | €14.6m | €8.0m | €6.6m | €6.5m | ▼ 1.0% |
| Other amounts receivable41 | €1.5m | €1.1m | €1.3m | €905,326 | €971,762 | ▲ 7.3% |
| Cash at bank and in hand54/58 | €30.3m | €28.9m | €33.4m | €43.3m | €46.5m | ▲ 7.4% |
| Deferred charges and accrued income490/1 | €86,961 | €83,548 | €131,700 | €128,412 | €99,366 | ▼ 22.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84.9m | €93.7m | €88.9m | €94.5m | €96.5m | ▲ 2.1% |
| Equity10/15 | €46.1m | €47.4m | €47.6m | €49.6m | €50.2m | ▲ 1.1% |
| Contributions10/11 | €38.3m | €38.3m | €38.3m | €38.3m | €38.3m | = |
| Capital10 | €38.3m | €38.3m | €38.3m | €38.3m | €38.3m | = |
| Issued capital100 | €38.3m | €38.3m | €38.3m | €38.3m | €38.3m | = |
| Reserves13 | €7.9m | €9.1m | €9.3m | €11.4m | €11.9m | ▲ 4.7% |
| Non-distributable reserves130/1 | €2.2m | €3.2m | €3.8m | €3.8m | €3.8m | = |
| Legal reserve130 | €2.2m | €3.2m | €3.8m | €3.8m | €3.8m | = |
| Tax-exempt reserves132 | €3,471 | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Distributable reserves133 | €5.7m | €5.9m | €5.5m | €7.5m | €8.1m | ▲ 7.1% |
| Provisions and deferred taxes16 | €1.3m | €859,581 | €811,318 | €795,194 | €668,858 | ▼ 15.9% |
| Provisions for liabilities and charges160/5 | €1.3m | €859,581 | €811,318 | €795,194 | €668,858 | ▼ 15.9% |
| Other liabilities and charges164/5 | €1.3m | €859,581 | €811,318 | €795,194 | €668,858 | ▼ 15.9% |
| Amounts payable17/49 | €37.5m | €45.5m | €40.5m | €44.1m | €45.7m | ▲ 3.5% |
| Amounts payable within one year42/48 | €37.5m | €45.5m | €40.4m | €44.0m | €45.7m | ▲ 3.7% |
| Trade debts44 | €21.1m | €22.3m | €16.7m | €18.6m | €19.5m | ▲ 4.4% |
| Suppliers440/4 | €21.1m | €22.3m | €16.7m | €18.6m | €19.5m | ▲ 4.4% |
| Taxes, remuneration and social security45 | €4.0m | €3.1m | €3.7m | €5.4m | €4.2m | ▼ 22.3% |
| Taxes450/3 | €1.7m | €938,635 | €1.9m | €3.3m | €2.0m | ▼ 39.5% |
| Remuneration and social security454/9 | €2.4m | €2.2m | €1.9m | €2.1m | €2.2m | ▲ 4.1% |
| Other amounts payable47/48 | €12.3m | €20.0m | €20.0m | €20.0m | €22.0m | ▲ 10.0% |
| Accrued charges and deferred income492/3 | - | - | €86,000 | €46,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18.9m | €21.3m | €20.2m | €22.0m | €22.5m | ▲ 2.3% |
| + Depreciation and write-downs630 | €1.1m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 1.6% |
| Operating cash flow (approximation) | €20.0m | €23.0m | €22.2m | €24.2m | €24.8m | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€5.9m | -€2.1m | -€1.8m | -€1.9m | ▼ 6.8% |
| Change in cash | - | -€1.4m | €4.5m | €9.9m | €3.2m | ▼ 67.6% |
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
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
5 establishment units
4 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027D0042/00R009 | Flanders | 1.8 ha | 1 · 1.1 ha | - |
| 34372C0260/00T002 | Flanders | 1.7 ha | 1 · 2,377 m² | 8.7 m · 1 fl. |
| 54007B0155/00R000 | Wallonia | 7,483 m² | 1 · 4,191 m² | 6.9 m · 2 fl. |
| 34041C0117/00P000 | Flanders | 373 m² | 1 · 165 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Connections & network
No current directors or connected companies found in the register.
Ownership & control
2 parent companiesPublic money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,708 EUR awarded · 2,708 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,904 EUR | 1,904 EUR |
| 2024 | 1 | 804 EUR | 804 EUR |
Recognitions · licences · registrations
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Identification & contact
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