THYBO
ActiveSummary
The computed 12-month bankruptcy probability of THYBO is 2.7% (moderate). The 2024 annual accounts show negative equity (-€199,114) and a net result of -€30,559. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 18940 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.12 in 2023; short-term debt: 617.2% and cash: 8.7% of total assets), and equity is negative.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-517.2%
Return on assets
-79.4%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€199,114
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
30 d late
2022
27 d early
2021
27 d early
2020
30 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€199,114▼ 18.1%
2023 · -€168,555
Total assets
€38,495▼ 14.9%
2023 · €45,242
Net result
-€30,559▲ 34.4%
2023 · -€46,561
Working capital
-€215,710▼ 15.2%
2023 · -€187,205
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€50,092▲ 68.4%€49,233▼ 1.7%€37,393▼ 24.0%-€45,806-€30,122▲ 34.2%
Net result€47,419above the sector's middle half▲ 99.8%€46,372above the sector's middle half▼ 2.2%€29,673above the sector's middle half▼ 36.0%-€46,561below the sector's middle half-€30,559below the sector's middle half▲ 34.4%
Equity-€198,040below the sector's middle half▲ 19.3%-€151,667below the sector's middle half▲ 23.4%-€121,995below the sector's middle half▲ 19.6%-€168,555below the sector's middle half▼ 38.2%-€199,114below the sector's middle half▼ 18.1%
Total assets€136,049within the sector's middle half▼ 20.6%€115,887within the sector's middle half▼ 14.8%€80,040within the sector's middle half▼ 30.9%€45,242below the sector's middle half▼ 43.5%€38,495below the sector's middle half▼ 14.9%
Debt€334,089▼ 19.8%€267,554▼ 19.9%€202,035▼ 24.5%€213,797▲ 5.8%€237,609▲ 11.1%
Working capital-€220,640below the sector's middle half▲ 15.0%-€185,271below the sector's middle half▲ 16.0%-€162,035below the sector's middle half▲ 12.5%-€187,205below the sector's middle half▼ 15.5%-€215,710below the sector's middle half▼ 15.2%
Solvency-145.6%below the sector's middle half▼ 2.3pp-130.9%below the sector's middle half▲ 14.7pp-152.4%below the sector's middle half▼ 21.5pp-372.6%below the sector's middle half▼ 220.1pp-517.2%below the sector's middle half▼ 144.7pp
Current ratio0.17below the sector's middle half=0.20below the sector's middle half▲ 0.030.18below the sector's middle half▼ 0.020.12below the sector's middle half▼ 0.050.09below the sector's middle half▼ 0.03
Return on assets (ROA)34.9%above the sector's middle half▲ 21.0pp40.0%above the sector's middle half▲ 5.2pp37.1%above the sector's middle half▼ 2.9pp-102.9%below the sector's middle half▼ 140.0pp-79.4%below the sector's middle half▲ 23.5pp
Staff (FTE)0.7below the sector's middle half▼ 46.2%2▲ 186%2.2▲ 10.0%1.8▼ 18.2%0.1▼ 94.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €30,122 in 2024 against €45,806 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,495
Fixed assets
€16,596 ▼ 11.0%
Current assets
€21,899 ▼ 17.7%
Key figures and ratios
EBITDA
-€25,266▼
2023 · -€19,034
Cash flow
-€25,703▼
2023 · -€19,788
Quick ratio
0.03▼
2023 · 0.03
Debt to equity
-1.19▲
2023 · -1.27
Interest coverage
-14.86▼
2023 · -11.21
Debt ≤ 1 year
€237,609▲
2023 · €213,797
Staff costs
€2,674▼
2023 · €23,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,639 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,698 | €28,159 | €23,974 | €2,674 | ▼ 88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,936 | €27,480 | €26,647 | €26,772 | €4,856 | ▼ 81.9% |
| Other operating charges640/8 | - | €11,399 | €8,243 | €4,476 | €6,311 | ▲ 41.0% |
| Gross operating margin9900 | €98,022 | €95,810 | €100,442 | €9,417 | -€16,281 | ▼ 273% |
| Operating profit (loss)9901 | €50,092 | €49,233 | €37,393 | -€45,806 | -€30,122 | ▲ 34.2% |
| Financial income75/76B | - | €65 | €51 | €1,272 | €1,263 | ▼ 0.7% |
| Recurring financial income75 | €274 | €65 | €51 | €1,144 | €1,263 | ▲ 10.5% |
| Non-recurring financial income76B | - | - | - | €129 | - | - |
| Financial charges65/66B | - | €2,926 | €7,771 | €2,027 | €1,701 | ▼ 16.1% |
| Recurring financial charges65 | €2,948 | €2,926 | €7,771 | €1,698 | €1,701 | ▲ 0.1% |
| Non-recurring financial charges66B | - | - | - | €329 | - | - |
| Profit (loss) for the period before taxes9903 | €47,419 | €46,372 | €29,673 | -€46,561 | -€30,559 | ▲ 34.4% |
| Profit (loss) for the period9904 | €47,419 | €46,372 | €29,673 | -€46,561 | -€30,559 | ▲ 34.4% |
| Profit (loss) for the period to be appropriated9905 | €47,419 | €46,372 | €29,673 | -€46,561 | -€30,559 | ▲ 34.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,049 | €115,887 | €80,040 | €45,242 | €38,495 | ▼ 14.9% |
| Fixed assets21/28 | €89,813 | €69,067 | €45,253 | €18,650 | €16,596 | ▼ 11.0% |
| Tangible fixed assets22/27 | €89,813 | €69,067 | €45,253 | €18,650 | €16,596 | ▼ 11.0% |
| Land and buildings22 | - | €43,281 | €22,608 | €1,935 | €4,225 | ▲ 118% |
| Plant, machinery and equipment23 | - | €8,126 | €7,699 | €4,482 | €2,852 | ▼ 36.4% |
| Furniture and vehicles24 | - | €17,659 | €14,946 | €12,233 | €9,519 | ▼ 22.2% |
| Current assets29/58 | €46,236 | €46,820 | €34,787 | €26,593 | €21,899 | ▼ 17.7% |
| Stocks and contracts in progress3 | €39,523 | €41,081 | €30,409 | €19,304 | €14,976 | ▼ 22.4% |
| Stocks30/36 | - | €41,081 | €30,409 | €19,304 | €14,976 | ▼ 22.4% |
| Amounts receivable within one year40/41 | €3,519 | €1,567 | €1,651 | €2,939 | €3,580 | ▲ 21.8% |
| Trade receivables40 | - | - | €1,436 | €1,500 | €240 | ▼ 84.0% |
| Other amounts receivable41 | - | €1,567 | €216 | €1,439 | €3,340 | ▲ 132% |
| Cash at bank and in hand54/58 | €1,745 | €4,172 | €2,727 | €4,350 | €3,342 | ▼ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,049 | €115,887 | €80,040 | €45,242 | €38,495 | ▼ 14.9% |
| Equity10/15 | -€198,040 | -€151,667 | -€121,995 | -€168,555 | -€199,114 | ▼ 18.1% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,862 | €2,862 | €2,862 | €2,862 | €2,862 | = |
| Non-distributable reserves130/1 | - | €1,272 | €1,272 | - | €1,272 | - |
| Reserves not available under the articles1311 | - | €1,272 | €1,272 | - | €1,272 | - |
| Distributable reserves133 | - | €1,590 | €1,590 | €2,862 | €1,590 | ▼ 44.5% |
| Profit (loss) carried forward14 | -€219,494 | -€173,122 | -€143,449 | -€190,009 | -€220,568 | ▼ 16.1% |
| Amounts payable17/49 | €334,089 | €267,554 | €202,035 | €213,797 | €237,609 | ▲ 11.1% |
| Amounts payable after more than one year17 | €67,213 | €35,463 | €5,213 | - | - | - |
| Financial debts170/4 | - | €35,463 | €5,213 | - | - | - |
| Amounts payable within one year42/48 | €266,876 | €232,092 | €196,822 | €213,797 | €237,609 | ▲ 11.1% |
| Financial debts43 | - | - | - | - | €566 | - |
| Credit institutions430/8 | - | - | - | - | €566 | - |
| Trade debts44 | €1,458 | €49,440 | €27,792 | €23,296 | €15,873 | ▼ 31.9% |
| Suppliers440/4 | - | €49,440 | €27,792 | €23,296 | €15,873 | ▼ 31.9% |
| Taxes, remuneration and social security45 | - | €6,366 | €14,603 | €2,410 | €2,825 | ▲ 17.2% |
| Taxes450/3 | - | €5,025 | €10,894 | €811 | €1,227 | ▲ 51.2% |
| Remuneration and social security454/9 | - | €1,342 | €3,709 | €1,599 | €1,599 | = |
| Other amounts payable47/48 | - | €176,285 | €154,427 | €188,092 | €218,344 | ▲ 16.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,419 | €46,372 | €29,673 | -€46,561 | -€30,559 | ▲ 34.4% |
| + Depreciation and write-downs630 | €26,936 | €27,480 | €26,647 | €26,772 | €4,856 | ▼ 81.9% |
| Operating cash flow (approximation) | €74,354 | €73,853 | €56,320 | -€19,788 | -€25,703 | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | -€6,734 | -€2,834 | -€169 | -€2,802 | ▼ 1,558% |
| Change in cash | - | €2,427 | -€1,445 | €1,623 | -€1,008 | ▼ 162% |
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
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€46,561
Net result drops to -€46,561, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €47,419 ▲99.8%
Operating result €50,092, net result €47,419, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €23,731
Net result €23,731 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Menen · 1 establishment unit since 1999
Ground area
982 m²
Building footprint
530 m²
Volume, LiDAR
3,390 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
51
since 19992.062.256.721
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E0998/00T000 | Flanders | 884 m² | 1 · 477 m² | 12.2 m · 2 fl. |
| 34027E0372/00F000 | Flanders | 98 m² | 1 · 53 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 ownersChain of control
Highest known parent: HOLDING GROUP FOURNIER, AFGEKORT : H.G.F.. The sources do not say who stands above it.
Owners 2
- 100%
- KAJOparentSourceaccounts KAJO 30-09-2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.062.256.721
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449871449
Registered
29-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.