Summary
THYPE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €52,725 and a net result of -€31,819. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€52,725▼ 37.6%
2024 · €84,544
Net result
-€31,819
2024 · €58,434
Total assets
€109,305▼ 12.5%
2024 · €124,973
Solvency
48.2%▼ 19.4pp
2024 · 67.6%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €27,387 in 2025 against €72,227 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€27,387
2025
Net result-€31,819
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€109,305
2025
Equity€52,725
2025
Debt€56,580
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€45,785
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-29.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency48.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.81
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€8,996-€1,303€9,821▲ 654%-€7,894-€9,452▼ 19.7%-€72,227▼ 664%-€27,387▲ 62.1%
Net result-€14,288--€2,255below the sector's middle half▲ 84.2%€5,288below the sector's middle half-€9,928below the sector's middle half-€11,293below the sector's middle half▼ 13.7%€58,434within the sector's middle half-€31,819below the sector's middle half
Equity€91,643-€89,388within the sector's middle half▼ 2.5%€47,331below the sector's middle half▼ 47.1%€37,402below the sector's middle half▼ 21.0%€26,110below the sector's middle half▼ 30.2%€84,544within the sector's middle half▲ 224%€52,725within the sector's middle half▼ 37.6%
Total assets€155,540-€110,873below the sector's middle half▼ 28.7%€103,235below the sector's middle half▼ 6.9%€96,285below the sector's middle half▼ 6.7%€174,612below the sector's middle half▲ 81.3%€124,973below the sector's middle half▼ 28.4%€109,305below the sector's middle half▼ 12.5%
Debt€52,897-€21,485▼ 59.4%€55,904▲ 160%€58,883▲ 5.3%€148,503▲ 152%€40,430▼ 72.8%€56,580▲ 39.9%
Working capital€95,504-€57,386within the sector's middle half▼ 39.9%€6,270within the sector's middle half▼ 89.1%€6,835within the sector's middle half▲ 9.0%-€955within the sector's middle half€74,745within the sector's middle half€45,785within the sector's middle half▼ 38.7%
Solvency58.9%-80.6%above the sector's middle half▲ 21.7pp45.8%within the sector's middle half▼ 34.8pp38.8%within the sector's middle half▼ 7.0pp15.0%below the sector's middle half▼ 23.9pp67.6%within the sector's middle half▲ 52.7pp48.2%within the sector's middle half▼ 19.4pp
Current ratio3.68-3.67within the sector's middle half▼ 0.011.11within the sector's middle half▼ 2.561.12within the sector's middle half▲ 0.010.99within the sector's middle half▼ 0.122.85within the sector's middle half▲ 1.861.81within the sector's middle half▼ 1.04
Return on assets (ROA)-9.2%--2.0%below the sector's middle half▲ 7.2pp5.1%within the sector's middle half▲ 7.2pp-10.3%below the sector's middle half▼ 15.4pp-6.5%below the sector's middle half▲ 3.8pp46.8%above the sector's middle half▲ 53.2pp-29.1%below the sector's middle half▼ 75.9pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,305
Fixed assets
€6,940 ▼ 29.2%
Current assets
€102,365 ▼ 11.1%
Equity and liabilities €109,305
Equity
€52,725 ▼ 37.6%
Debt
€56,580 ▲ 39.9%
Debt's share of the balance-sheet total rises from 32.4% to 51.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-60.3%▼
2024 · 69.1%
Debt ≤ 1 year
€56,580▲
2024 · €40,430
Income taxes
€428▼
2024 · €2,249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,200 | - | €285 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,227 | €3,217 | €3,271 | €7,312 | €5,089 | €4,142 | €2,858 | ▼ 31.0% |
| Other operating charges640/8 | - | - | €2,111 | €1,050 | €1,240 | €1,278 | €1,357 | ▲ 6.2% |
| Non-recurring operating charges66A | - | - | - | €285 | - | - | - | - |
| Gross operating margin9900 | -€4,337 | -€3,391 | €15,202 | €753 | -€3,122 | -€66,807 | -€23,172 | ▲ 65.3% |
| Operating profit (loss)9901 | -€8,996 | €1,303 | €9,821 | -€7,894 | -€9,452 | -€72,227 | -€27,387 | ▲ 62.1% |
| Financial income75/76B | - | - | €2,053 | €0 | €847 | €152,079 | €254 | ▼ 99.8% |
| Recurring financial income75 | €114 | €125 | €2,053 | €0 | €847 | €151,979 | €254 | ▼ 99.8% |
| Non-recurring financial income76B | - | - | - | - | - | €100 | - | - |
| Financial charges65/66B | - | - | €2,663 | €2,500 | €2,511 | €19,169 | €4,257 | ▼ 77.8% |
| Recurring financial charges65 | €4,855 | €3,165 | €2,663 | €2,500 | €2,511 | €3,833 | €4,257 | ▲ 11.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €15,336 | - | - |
| Profit (loss) for the period before taxes9903 | -€13,737 | -€1,738 | €9,212 | -€10,394 | -€11,116 | €60,683 | -€31,391 | - |
| Income taxes67/77 | €551 | €517 | €3,924 | -€466 | €177 | €2,249 | €428 | ▼ 81.0% |
| Profit (loss) for the period9904 | -€14,288 | -€2,255 | €5,288 | -€9,928 | -€11,293 | €58,434 | -€31,819 | - |
| Profit (loss) for the period to be appropriated9905 | -€14,288 | -€2,255 | €5,288 | -€9,928 | -€11,293 | €58,434 | -€31,819 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €155,540 | €110,873 | €103,235 | €96,285 | €174,612 | €124,973 | €109,305 | ▼ 12.5% |
| Fixed assets21/28 | €24,404 | €32,002 | €41,061 | €31,571 | €27,879 | €9,798 | €6,940 | ▼ 29.2% |
| Tangible fixed assets22/27 | €21,180 | €19,462 | €23,784 | €17,347 | €12,542 | €9,798 | €6,940 | ▼ 29.2% |
| Land and buildings22 | - | - | €12,543 | €10,838 | €9,133 | €7,428 | €5,723 | ▼ 23.0% |
| Furniture and vehicles24 | - | - | €11,241 | €6,509 | €3,409 | €2,371 | €1,217 | ▼ 48.6% |
| Financial fixed assets28 | €3,224 | €12,540 | €17,277 | €14,224 | €15,336 | - | - | - |
| Current assets29/58 | €131,135 | €78,870 | €62,174 | €64,715 | €146,734 | €115,175 | €102,365 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €24,000 | €24,513 | - | €2,097 | - | - | €1,374 | - |
| Trade receivables40 | - | - | - | - | - | - | €1,374 | - |
| Other amounts receivable41 | - | - | - | €2,097 | - | - | - | - |
| Current investments50/53 | - | - | - | - | €125,000 | - | - | - |
| Cash at bank and in hand54/58 | €107,135 | €42,357 | €62,174 | €62,618 | €19,935 | €110,832 | €98,745 | ▼ 10.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,799 | €4,343 | €2,246 | ▼ 48.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €155,540 | €110,873 | €103,235 | €96,285 | €174,612 | €124,973 | €109,305 | ▼ 12.5% |
| Equity10/15 | €91,643 | €89,388 | €47,331 | €37,402 | €26,110 | €84,544 | €52,725 | ▼ 37.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €114,835 | €114,835 | €67,490 | €67,490 | €67,490 | €78,344 | €62,206 | ▼ 20.6% |
| Non-distributable reserves130/1 | - | - | €1,900 | €1,900 | €1,900 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,900 | €1,900 | €1,900 | - | - | - |
| Distributable reserves133 | - | - | €65,590 | €65,590 | €65,590 | €78,344 | €62,206 | ▼ 20.6% |
| Profit (loss) carried forward14 | -€29,392 | -€31,647 | -€26,359 | -€36,288 | -€47,580 | - | -€15,681 | - |
| Provisions and deferred taxes16 | €11,000 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €52,897 | €21,485 | €55,904 | €58,883 | €148,503 | €40,430 | €56,580 | ▲ 39.9% |
| Amounts payable after more than one year17 | €16,663 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €35,631 | €21,485 | €55,904 | €57,880 | €147,688 | €40,430 | €56,580 | ▲ 39.9% |
| Financial debts43 | - | - | €16,598 | €30,000 | - | - | €9,816 | - |
| Credit institutions430/8 | - | - | €16,598 | €30,000 | - | - | €9,816 | - |
| Trade debts44 | €2,042 | €3,924 | €3,415 | €6,218 | €2,303 | €1,073 | €2,502 | ▲ 133% |
| Suppliers440/4 | - | - | €3,415 | €6,218 | €2,303 | €1,073 | €2,502 | ▲ 133% |
| Taxes, remuneration and social security45 | - | - | €3,925 | €3,459 | - | €1,037 | €1,418 | ▲ 36.8% |
| Taxes450/3 | - | - | €3,925 | €3,459 | - | €1,037 | €1,418 | ▲ 36.8% |
| Other amounts payable47/48 | - | - | €31,966 | €18,204 | €145,385 | €38,320 | €42,844 | ▲ 11.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,003 | €814 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,288 | -€2,255 | €5,288 | -€9,928 | -€11,293 | €58,434 | -€31,819 | - |
| + Depreciation and write-downs630 | €3,227 | €3,217 | €3,271 | €7,312 | €5,089 | €4,142 | €2,858 | ▼ 31.0% |
| Operating cash flow (approximation) | -€11,061 | €962 | €8,558 | -€2,616 | -€6,204 | €62,576 | -€28,961 | - |
| Investment in fixed assets (approximation) | - | -€10,815 | -€12,329 | €2,178 | -€1,397 | €13,938 | €0 | ▼ 100% |
| Change in cash | - | -€64,778 | €19,817 | €443 | -€42,683 | €90,897 | -€12,087 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00185418 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00322963 |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00311316 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00283893 |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20344594 |
| 30-06-2020 | micro format | 28-01-2021 | 2021-01800563 |
| 30-06-2019 | micro format | 12-12-2019 | 2019-75800277 |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74200393 |
| 30-06-2017 | micro format | 05-12-2017 | 2017-71300133 |
| 30-06-2016 | abbreviated format | 14-12-2016 | 2016-70100169 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,095. 10,807 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,694 awarded · €2,694 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,485 | €2,400 |
| 2024 | 1 | €1,047 | €132 |
| 2023 | 1 | €56 | €56 |
| 2022 | 1 | €106 | €106 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.