THYS AND CO
ActiveSummary
The computed 12-month bankruptcy probability of THYS AND CO is 3.7% (moderate). The 2024 annual accounts show equity of €25k and a net result of €-3k. Equity is shrinking by ~35.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▼-6
Solvency39=
Growth32=
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.92 in 2023; short-term debt: 40.3% and cash: 12.5% of total assets), and 86% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
14%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-3k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
104 d late
2022
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▲ 13.2%
2023 · €-3k
2022: €42k
2023: €-3k
2022 → 2024
Working capital
€-3k▲ 37.7%
2023 · €-5k
2022: €12k
2023: €-5k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€46k-€28k▼ 38.0%€25k▼ 9.9%
Operating result€61k-€2k▼ 96.9%€3k▲ 43.7%
Net result€42k-€-3k€-3k▲ 13.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 44% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182k
Fixed assets
€112k ▼ 19.1%
Current assets
€70k ▲ 5.9%
Equity and liabilities €182k
Equity
€25k ▼ 9.9%
Debt
€156k ▼ 11.2%
Debt's share of the balance-sheet total falls from 86.2% to 86.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2023 · €23k
Cash flow
€15k▼
2023 · €18k
Current ratio
0.95▲
2023 · 0.92
Debt to equity
6.13▼
2023 · 6.22
ROE
-11.0%▲
2023 · -11.4%
ROA
-1.5%▲
2023 · -1.6%
Interest coverage
3.56▼
2023 · 4.29
Debt ≤ 1 year
€73k▲
2023 · €71k
Debt > 1 year
€83k▼
2023 · €104k
Income taxes
€169
Staff costs
€58k▲
2023 · €55k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€204k€182k▼
Fixed assets21/28€138k€112k▼
Intangible fixed assets21€110k€97k▼
Tangible fixed assets22/27€26k€13k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€25k€11k▼
Financial fixed assets28€1k€1k=
Current assets29/58€66k€70k▲
Amounts receivable within one year40/41€50k€46k▼
Trade receivables40€16k€4k▼
Other amounts receivable41€34k€42k▲
Cash at bank and in hand54/58€16k€23k▲
Deferred charges and accrued income490/1€450€1k▲
Equity and liabilities
Total equity and liabilities10/49€204k€182k▼
Equity10/15€28k€25k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€24k€21k▼
Amounts payable17/49€176k€156k▼
Amounts payable after more than one year17€104k€83k▼
Financial debts170/4€104k€83k▼
Amounts payable within one year42/48€71k€73k▲
Current portion of amounts payable after more than one year42€22k€24k▲
Financial debts43€277-
Credit institutions430/8€277-
Trade debts44€19k€13k▼
Suppliers440/4€19k€13k▼
Advances received on contracts in progress46-€16k
Taxes, remuneration and social security45€22k€15k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€8k€5k▼
Income statement
Code20232024
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€55k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼
Other operating charges640/8€807€1k▲
Non-recurring operating charges66A-€335
Gross operating margin9900€79k€79k▲
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€332€361▲
Recurring financial income75€332€361▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-3k€-3k▲
Income taxes67/77-€169
Profit (loss) for the period9904€-3k€-3k▲
Profit (loss) for the period to be appropriated9905€-3k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€21k▼
Profit (loss) brought forward from the previous period14P€27k€24k▼
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 104 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼108%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Erquelinnes · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Conroye 486560 ErquelinnesGround area
829 m²
Building footprint
151 m²
Parcel 56022B0527/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
THYS AND CO
since 20222.328.628.916
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56022B0527/00N000 | Wallonia | 829 m² | 1 · 151 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.
Similar companies · same sector, comparable size
VAN UTTERBEECK GEERT
BE 0563.431.626
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Dakwerken Vereecken
BE 0805.846.801
Putte · Eq €25,454
TOITURE BRUNO VERHAEGEN
BE 0886.708.672
Gembloux · Eq €25,505
Wukke
BE 0801.839.117
Wingene · Eq €25,428
LIMBURGSE DAKPROJECTEN
BE 0782.652.022
Heusden-Zolder · Eq €25,526
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
43421Specialised construction activities
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.