Thyberghien Management
ActiveSummary
The computed 12-month bankruptcy probability of Thyberghien Management is 1.5% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €-35k. Its solvency ranks better than 6% of 14128 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-61
Growth32
Track record82
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 1.16 in 2024; short-term debt: 171.9% and cash: 20% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-71.9%
Return on assets
-115.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 €-22k
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 d early
2024
8 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-22k
2024 · €13k
2024: €13k
2025: €-22k▼ -266% vs 2024
2024 → 2025
Total assets
€30k▼ 18.1%
2024 · €37k
2024: €37k
2025: €30k▼ -18.1% vs 2024
2024 → 2025
Net result
€-35k
2024 · €13k
2024: €13k
2025: €-35k▼ -366% vs 2024
2024 → 2025
Working capital
€-32k
2024 · €4k
2024: €4k
2025: €-32k▼ -905% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20242025Trend
Equity€13k-€-22k
2024: €13k
2025: €-22k▼ -266% vs 2024
Operating result€19k-€-35k
2024: €19k
2025: €-35k▼ -285% vs 2024
Net result€13k-€-35k
2024: €13k
2025: €-35k▼ -366% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35k after €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€10k ▲ 6.4%
Current assets
€21k ▼ 26.2%
Key figures and ratios
EBITDA
€-34k▼
2024 · €19k
Cash flow
€-34k▼
2024 · €14k
Solvency
-71.9%▼
2024 · 35.5%
Current ratio
0.39▼
2024 · 1.16
Debt to equity
-2.39▼
2024 · 1.81
ROA
-115.3%▼
2024 · 35.5%
Interest coverage
-154.04▼
2024 · 84.73
Debt
€52k▲
2024 · €24k
Debt ≤ 1 year
€52k▲
2024 · €24k
Income taxes
€228▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€37k€30k▼
Fixed assets21/28€9k€10k▲
Tangible fixed assets22/27€9k€10k▲
Plant, machinery and equipment23-€1k
Other tangible fixed assets26€9k€9k▼
Current assets29/58€28k€21k▼
Amounts receivable within one year40/41€25k€15k▼
Trade receivables40€25k€15k▼
Other amounts receivable41-€5
Cash at bank and in hand54/58€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€37k€30k▼
Equity10/15€13k€-22k▼
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14-€-35k
Amounts payable17/49€24k€52k▲
Amounts payable within one year42/48€24k€52k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€17k€10k▼
Other amounts payable47/48€495€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€553€655▲
Other operating charges640/8€709€1k▲
Gross operating margin9900€20k€-33k▼
Operating profit (loss)9901€19k€-35k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€227€221▼
Recurring financial charges65€227€221▼
Profit (loss) for the period before taxes9903€18k€-35k▼
Income taxes67/77€5k€228▼
Profit (loss) for the period9904€13k€-35k▼
Profit (loss) for the period to be appropriated9905€13k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-35k▼
Transfer to equity691/2€13k-
To other reserves6921€13k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €553 | €655 | ▲ 18.6% |
| Other operating charges640/8 | €709 | €1k | ▲ 54.5% |
| Gross operating margin9900 | €20k | €-33k | ▼ 265% |
| Operating profit (loss)9901 | €19k | €-35k | ▼ 285% |
| Financial income75/76B | - | €2 | - |
| Recurring financial income75 | - | €2 | - |
| Financial charges65/66B | €227 | €221 | ▼ 2.9% |
| Recurring financial charges65 | €227 | €221 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €18k | €-35k | ▼ 289% |
| Income taxes67/77 | €5k | €228 | ▼ 95.7% |
| Profit (loss) for the period9904 | €13k | €-35k | ▼ 366% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-35k | ▼ 366% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €37k | €30k | ▼ 18.1% |
| Fixed assets21/28 | €9k | €10k | ▲ 6.4% |
| Tangible fixed assets22/27 | €9k | €10k | ▲ 6.4% |
| Plant, machinery and equipment23 | - | €1k | - |
| Other tangible fixed assets26 | €9k | €9k | ▼ 7.1% |
| Current assets29/58 | €28k | €21k | ▼ 26.2% |
| Amounts receivable within one year40/41 | €25k | €15k | ▼ 42.1% |
| Trade receivables40 | €25k | €15k | ▼ 42.1% |
| Other amounts receivable41 | - | €5 | - |
| Cash at bank and in hand54/58 | €3k | €6k | ▲ 114% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €37k | €30k | ▼ 18.1% |
| Equity10/15 | €13k | €-22k | ▼ 266% |
| Reserves13 | €13k | €13k | = |
| Distributable reserves133 | €13k | €13k | = |
| Profit (loss) carried forward14 | - | €-35k | - |
| Amounts payable17/49 | €24k | €52k | ▲ 118% |
| Amounts payable within one year42/48 | €24k | €52k | ▲ 118% |
| Trade debts44 | €6k | €8k | ▲ 24.6% |
| Suppliers440/4 | €6k | €8k | ▲ 24.6% |
| Taxes, remuneration and social security45 | €17k | €10k | ▼ 42.3% |
| Taxes450/3 | €17k | €10k | ▼ 42.3% |
| Other amounts payable47/48 | €495 | €35k | ▲ 6,911% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-35k | ▼ 366% |
| + Depreciation and write-downs630 | €553 | €655 | ▲ 18.6% |
| Operating cash flow (approximation) | €14k | €-34k | ▼ 350% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €3k | - |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 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, Schoten · 1 establishment unit since 2024
Ground area
1,140 m²
Building footprint
214 m²
Volume, LiDAR
856 m³
Parcel 11040A0032/00L068, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thyberghien Management
since 20242.354.635.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0032/00L068 | Flanders | 1,140 m² | 1 · 214 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500EBD8A568D11E51
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43110Demolition
43211General electrical installation work
43221Plumbing work
43320Joinery installation
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.