THYBATI
ActiveTHYBATI has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €10k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 27172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+41
Solvency17▼-6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.76 against 1.0 in 2024), and 83.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27172 sector peers (2025).
NBB · sector comparisonPosition among 27172 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
18 d early
2022
38 d early
2021
38 d early
2020
4 d late
2019
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close10-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k
2024 · €-12k
2019: €-48k
2020: €37k
2021: €13k
2022: €14k
2023: €-12k
2024: €-12k
2019 → 2025
Working capital
€-148k▼ 152,930%
2024 · €-97
2019: €22k
2020: €77k
2021: €123k
2022: €120k
2023: €34k
2024: €-97
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€136k▲ 11.1%€124k▼ 8.9%€112k▼ 9.6%€122k▲ 8.9%
Operating result€23k-€32k▲ 39.5%€4k▼ 88.1%€2k▼ 38.9%€35k▲ 1,422%
Net result€13k-€14k▲ 7.9%€-12k€-12k▲ 2.6%€10k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,422% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €735k
Fixed assets
€274k▲ 127%
Current assets
€461k▼ 11.6%
Equity and liabilities €735k
Equity
€122k▲ 8.9%
Debt
€613k▲ 15.6%
The debt ratio rises from 82.6% to 83.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€73k▲
2024 · €38k
Cash flow
€48k▲
2024 · €24k
Solvency
16.6%▼
2024 · 17.4%
Current ratio
0.76▼
2024 · 1.00
Quick ratio
0.08▼
2024 · 0.11
Debt / equity
5.04▲
2024 · 4.75
ROE
8.2%▲
2024 · -10.6%
ROA
1.4%▲
2024 · -1.8%
Interest coverage
9.12▲
2024 · 3.75
Debt
€613k▲
2024 · €530k
Debt ≤ 1 year
€609k▲
2024 · €521k
Income taxes
€17k▲
2024 · €4k
Staff costs
€131k▼
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€642k€735k▲
Fixed assets21/28€121k€274k▲
Tangible fixed assets22/27€120k€274k▲
Plant, machinery and equipment23€43k€35k▼
Furniture and vehicles24€77k€239k▲
Financial fixed assets28€500-
Current assets29/58€521k€461k▼
Stocks and contracts in progress3€465k€413k▼
Stocks30/36€465k€413k▼
Amounts receivable within one year40/41€42k€32k▼
Trade receivables40€36k€25k▼
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€642k€735k▲
Equity10/15€112k€122k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€91k€101k▲
Amounts payable17/49€530k€613k▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€521k€609k▲
Current portion of amounts payable after more than one year42€23k€8k▼
Financial debts43€28k€22k▼
Credit institutions430/8€28k€22k▼
Trade debts44€116k€138k▲
Suppliers440/4€116k€138k▲
Taxes, remuneration and social security45€116k€144k▲
Taxes450/3€71k€92k▲
Remuneration and social security454/9€46k€52k▲
Other amounts payable47/48€238k€297k▲
Accrued charges and deferred income492/3€766€4k▲
Income statement
Code20242025
Non-recurring operating income76A€69k-
Remuneration, social security and pensions62€137k€131k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€38k▲
Other operating charges640/8€25k€34k▲
Non-recurring operating charges66A€12k€32k▲
Gross operating margin9900€212k€270k▲
Operating profit (loss)9901€2k€35k▲
Financial income75/76B€43€413▲
Recurring financial income75€43€413▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€-8k€27k▲
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€-12k€10k▲
Profit (loss) for the period to be appropriated9905€-12k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€101k▲
Profit (loss) brought forward from the previous period14P€103k€91k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
31-03
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-03
Financial
Equity above €100kEq €110k ▲51.9%
Equity rises from €72k to €110k.
2019
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Orp-Jauche · 1 establishment unit since 2009
Ground area
1,654 m²
Building footprint
181 m²
Parcel 25045E0319/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
THYBATI
since 20092.177.573.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25045E0319/00F000 | Wallonia | 1,653 m² | 1 · 181 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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NASER SARACI
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BRACKE GEBROEDERS
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CDPRO
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Houthalen-Helchteren · Eq €122k
Of 29,529 companies in sector 41001 we hold annual accounts for 15,848. 12,806 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2009
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
42212Civil engineering
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.