Equity
-€21,894
Debts exceed assets in financial year 2025.
Thyberghien Management
Lifetime
2 annual accounts with figures on one time axispeak €19,976 (2024)
-€32,909▼ €52,885
lowest -€35,106 (2025)
-€35,106▼ €48,317
peak €13,211 (2024)
-€21,894▼ €35,106
€52,350▲ 118%
Board1 name since 2024
1 directorThyberghien Niels
Documentsfilings and deeds
18-05-202674 days before the deadline
2025micro format
Gross margin from €19,976 to -€32,909Loss of €35,106Equity from €13,211 to -€21,894Debts from €23,972 to €52,350Investments €1,250Cash from €2,835 to €6,080
Key points
from the 2025 annual accountsDebts
€52,350 172% of the balance sheet
Suppliers 14%Taxes and wages 19%Other 66%
Investments
€1,250 1.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.39 was 1.16 in 2024
Short-term debts rose from €23,972 to €52,350.
Starting capital
€10,000 100 shares
Position in the sector
-71.9%
Lower solvency than 94% of companies in real estate. Sector median 28.9% · 17,190 companies.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 8% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 0.7%
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.6%▼ -0.4 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025lowest value
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.7%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.7%▼ -0.1 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€21,894
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €30,456
Liquidity: current ratio 0.39, cash €6,080
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 19% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Thyberghien Management has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Thyberghien Management itself is lower: 0.7% within 12 months. It rests on far more data about Thyberghien Management than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Thyberghien Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.39 (1.16 in 2024), below 1. Short-term debt is 171.9% and cash 20% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€21,894
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 18-05-2026, 74 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
74 days early
2024
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 33 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1004966025
Incorporation
Founding capital of €10,000, 100 shares · Founder: Thyberghien Niels · Appointment: Thyberghien Niels (director) · published on 23-01-2024 · Gazette deed
First establishment
Alpenroosbaan 1, Schoten
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Thyberghien Management Schoten | €30,456 | -€32,909 | -71.9% | - |
| Wout Desart Schilde | €25,757 | -€6,654 | 93.3% | - |
| MAGI PROJECTS Zandhoven | €37,152 | -€630 | 46.2% | - |
| LANGLAIS & LANGLAIS Lasne | €29,923 | -€35,260 | -326.6% | - |
| Provyn Construct Tielt | €33,860 | -€4,416 | -123.8% | - |
| PRO RED Hasselt | €33,834 | -€2,841 | 29.1% | - |
| Warande Projects Diest | €37,703 | -€56,638 | -147.4% | - |
These companies have the same main activity as Thyberghien Management: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €25,800 and €37,700, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 19-01-2024Normal situation
- Activity
- Development of residential building projectsNACE 68121and 5 others
- Establishment unit
- 2.354.635.0122900 Schoten, since 19-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €30,456▼ 18.1%
- Filing
- Filed on 18-05-2026, 74 days before the end of the filing period
Insights on Thyberghien Management
Thyberghien Management has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€21,894) and a net result of -€35,106.
Its solvency ranks better than 5% of 17,190 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Thyberghien Management
- What is the company number of Thyberghien Management?
- The company number of Thyberghien Management is 1004.966.025. The VAT number is the same number with BE in front: BE 1004.966.025.
- Where is Thyberghien Management based?
- The registered office is at Alpenroosbaan 1, 2900 Schoten.Company details
- What does Thyberghien Management do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Thyberghien Management?
- Thyberghien Management is a private limited company (BV).
- When was Thyberghien Management founded?
- Thyberghien Management was founded on 19-01-2024.
- Is Thyberghien Management still active?
- Yes, Thyberghien Management is an active enterprise in the KBO register.
- What is the turnover of Thyberghien Management?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is Thyberghien Management profitable?
- In financial year 2025, Thyberghien Management made a loss of €35,106.
- Where can I find the annual accounts of Thyberghien Management?
- Thyberghien Management filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Thyberghien Management due?
- Thyberghien Management must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.