THUR
THUR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349k and a net result of €52k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €349k |
| Net result | €52k |
| Better than sector | 83% |
| Active | 26 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 87.7% | 53.1% | |
| Net result | €52k | €38k | |
| Equity | €349k | €354k | |
| Gross operating margin | €171k | €87k | |
| Total assets | €398k | €923k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €162k | €197k | €211k | €188k | €123k |
| Net profit | €52k | €90k | €102k | €118k | €58k |
| Cash flow | €146k | €170k | €178k | €185k | €121k |
| Staff costs | - | - | - | - | - |
| Income taxes | €16k | €27k | €33k | €2k | €334 |
| Dividends | €94k | €206k | €50k | €50k | €100k |
| Total assets | €398k | €447k | €594k | €556k | €526k |
| Equity | €349k | €391k | €507k | €455k | €386k |
| Debt | €49k | €56k | €87k | €102k | €140k |
| of which ≤ 1y | €43k | €43k | €67k | €54k | €96k |
| of which > 1y | €6k | €13k | €20k | €48k | €45k |
| Working capital | €114k | €111k | €229k | €129k | €73k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.63 | 3.59 | 4.39 | 3.39 | 1.76 |
| Quick ratio | 3.63 | 3.59 | 4.39 | 3.39 | 1.76 |
| Working capital ratio | 28.6% | 24.9% | 38.5% | 23.2% | 13.8% |
| Solvency | 87.7% | 87.5% | 85.3% | 81.7% | 73.4% |
| Debt / equity | 0.14 | 0.14 | 0.17 | 0.22 | 0.36 |
| Long-term debt ratio | 0.02 | 0.03 | 0.04 | 0.11 | 0.12 |
| Interest coverage | 247.88 | 141.35 | 107.25 | 170.07 | 102.46 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 13.0% | 20.2% | 17.2% | 21.3% | 11.0% |
| ROE | 14.8% | 23.1% | 20.1% | 26.0% | 15.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €398k | €447k | €594k | €556k | €526k |
| Fixed assets | 21/28 | €241k | €293k | €298k | €374k | €358k |
| Tangible fixed assets | 22/27 | €241k | €293k | €298k | €374k | €358k |
| Current assets | 29/58 | €157k | €154k | €296k | €183k | €168k |
| Amounts receivable within one year | 40/41 | €88k | €84k | €41k | €12k | €9k |
| Cash & bank | 54/58 | €69k | €68k | €185k | €121k | €159k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €398k | €447k | €594k | €556k | €526k |
| Equity | 10/15 | €349k | €391k | €507k | €455k | €386k |
| Contributions / capital | 10/11 | €48k | €48k | €48k | €48k | €48k |
| Reserves | 13 | €300k | €342k | €458k | €406k | €338k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €49k | €56k | €87k | €102k | €140k |
| Amounts payable after one year | 17 | €6k | €13k | €20k | €48k | €45k |
| Amounts payable within one year | 42/48 | €43k | €43k | €67k | €54k | €96k |
| Trade debts payable within one year | 44 | €20k | €4k | €6k | €8k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €171k | €198k | €216k | €193k | €125k |
| Operating result | 9901 | €68k | €117k | €136k | €121k | €59k |
| Financial income | 75 | €0 | €2k | €1k | €489 | €76 |
| Financial charges | 65 | €653 | €1k | €2k | €1k | €1k |
| Result before taxes | 9903 | €67k | €117k | €135k | €121k | €58k |
| Income taxes | 67/77 | €16k | €27k | €33k | €2k | €334 |
| Net result for the period | 9904 | €52k | €90k | €102k | €118k | €58k |
| Result to be appropriated | 9905 | €52k | €90k | €102k | €118k | €58k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 28-10-1999 |
| Status | Active |
| Postal code | 2930 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0518/00N000 | Flanders | 2,005 m² | 1 · 250 m² | 7.2 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-08-2026 Act object · General meeting · Officer reappointment · Permanent representative
- Publication: 12/08/2026 · KAAI
- Filing: 10-08-2026 · KAAI
- Act object: ONTSLAGEN, BENOEMINGEN · KAAI
- General meeting: 17 juni 2026 · KAAI
- Officer reappointment: role: bestuurder, term: twee jaar · The Lines
- Officer reappointment: role: bestuurder, term: twee jaar · ACTIVIOR
- Officer reappointment: role: bestuurder, term: twee jaar · THUR
- Officer reappointment: role: gedelegeerd bestuurder, term: twee jaar · The Lines
- Officer reappointment: role: gedelegeerd bestuurder, term: twee jaar · THUR
- Permanent representative · Helga Meersmans
- Permanent representative · Edward Verté
- Permanent representative · Ine Verhaert
- Filing representative · Boselie Clara Eugenie Johanna Jacoba
Technical details
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}01-03-2024 Change in the board of directors
Technical details
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}| Legal nameNL | THUR |