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THX 25

Active
Private limited companyfounded 20251 yr activeAvenue du Stade 25, 4910 Theux, BelgiumKBO/BCE: BE 1024.665.537
Summary

The computed 12-month bankruptcy probability of THX 25 is 2.0% (moderate). The 2025 annual accounts show equity of €6,476 and a net result of €1,476. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability69
Solvency26
Growth-
Track record67
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.05; short-term debt: 94.8% and cash: 4.9% of total assets), and 98.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
1.1%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

THX 25 was incorporated on 24 June 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€6,476
Total assets
€612,501
Net result
€1,476
Working capital
€27,462

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €610,661
Fixed assets €2,588
Current assets €608,073
Equity and liabilities €612,501
Equity €6,476
Debt €606,025
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€2,179
Cash flow
€1,768
Current ratio
1.05
Quick ratio
0.33
Debt to equity
93.58
ROE
22.8%
ROA
0.2%
Interest coverage
111.39
Debt ≤ 1 year
€580,610
Income taxes
€399

Peer companies

Historical observation

Of the 139 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 99% are still going.

  • Small
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
0% went bankrupt
0.7% stopped otherwise
99% still going

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€612,501
Formation expenses20€1,840
Fixed assets21/28€2,588
Tangible fixed assets22/27€2,588
Other tangible fixed assets26€2,588
Current assets29/58€608,073
Stocks and contracts in progress3€416,538
Stocks30/36€416,538
Amounts receivable within one year40/41€92,528
Trade receivables40€92,528
Cash at bank and in hand54/58€30,158
Deferred charges and accrued income490/1€68,848
Equity and liabilities
Total equity and liabilities10/49€612,501
Equity10/15€6,476
Contributions10/11€5,000
Profit (loss) carried forward14€1,476
Amounts payable17/49€606,025
Amounts payable within one year42/48€580,610
Trade debts44€208,822
Suppliers440/4€208,822
Advances received on contracts in progress46€50,000
Taxes, remuneration and social security45€11,291
Taxes450/3€11,291
Other amounts payable47/48€310,498
Accrued charges and deferred income492/3€25,415
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€292
Gross operating margin9900€2,179
Operating profit (loss)9901€1,887
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€20
Recurring financial charges65€20
Profit (loss) for the period before taxes9903€1,874
Income taxes67/77€399
Profit (loss) for the period9904€1,476
Profit (loss) for the period to be appropriated9905€1,476
Appropriation of the result
Profit (loss) to be appropriated9906€1,476

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€292
Gross operating margin9900€2,179
Operating profit (loss)9901€1,887
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€20
Recurring financial charges65€20
Profit (loss) for the period before taxes9903€1,874
Income taxes67/77€399
Profit (loss) for the period9904€1,476
Profit (loss) for the period to be appropriated9905€1,476
Line2025
Assets
Total assets20/58€612,501
Formation expenses20€1,840
Fixed assets21/28€2,588
Tangible fixed assets22/27€2,588
Other tangible fixed assets26€2,588
Current assets29/58€608,073
Stocks and contracts in progress3€416,538
Stocks30/36€416,538
Amounts receivable within one year40/41€92,528
Trade receivables40€92,528
Cash at bank and in hand54/58€30,158
Deferred charges and accrued income490/1€68,848
Equity and liabilities
Total equity and liabilities10/49€612,501
Equity10/15€6,476
Contributions10/11€5,000
Profit (loss) carried forward14€1,476
Amounts payable17/49€606,025
Amounts payable within one year42/48€580,610
Trade debts44€208,822
Suppliers440/4€208,822
Advances received on contracts in progress46€50,000
Taxes, remuneration and social security45€11,291
Taxes450/3€11,291
Other amounts payable47/48€310,498
Accrued charges and deferred income492/3€25,415
Line2025
Profit (loss) for the period9904€1,476
+ Depreciation and write-downs630€292
Operating cash flow (approximation)€1,768

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
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, Theux · 1 establishment unit since 2025
seat establishment approximate The establishment unit on the map
Ground area
365 m²
Building footprint
66 m²
Volume, LiDAR
399 m³
Parcel 63076B1003/00R000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THX 25
Avenue du Stade 25, 4910 TheuxRetail sale of cars and light vans (up to 3.5 tonnes)
since 20252.375.187.431
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63076B1003/00R000indicative Wallonia 365 m² 1 · 66 m² 7.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-06-2025
Fiscal year end31-12
Activities, NACEBEL 2025
47812Retail trade
47820Retail sale of motor vehicle parts and accessories
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:1024665537
Registered 07-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.