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THYS BOUWPROJECTEN

Active
Public limited companyfounded 199234 yrs activeNijverheidsstraat 13, 2260 Westerlo, BelgiumKBO/BCE: BE 0447.500.095
Summary

The computed 12-month bankruptcy probability of THYS BOUWPROJECTEN is 3.3% (moderate). The 2025 annual accounts show equity of €128,231 and a net result of -€2.2m. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 1005 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
THYS BOUWPROJECTENActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201NACE 45212
#4 company by total assets in Westerlo, Construction sector2 sites
Size
€8.8mtotal assets 2025
Staff
17.8 FTE
Equity
€128,231
Loss
-€2.2m
Financial health
49 Fair Checked score 2025
Bankruptcy chance 12 m
3.3%
Structure
Parent
Dipar V · 100%
Board
1 member
Auditor: Moore AuditAccounts filed 31 d late
Why 49- Loss of €2.2m, the second in a row (FY 2025)- Equity €128,231 (1.4% of total assets)- Sector Construction of residential and non-residential buildings (NACE 41)- Latest accounts 31 days late; 3 of the last 3 lateShow the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 41, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 26+2
equity 1.4% of total assets
Liquidity 24+3
short-term debt 65.5% · cash 7.2%
Profitability 0=
return on assets -25.3%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (906 companies)
Last 24 months 11-2024: 6.1% 12-2024: 6.3%▲ +3.2% vs 11-2024 01-2025: 2.8%▼ -54.7% vs 12-2024 02-2025: 2.8%▼ -2.8% vs 01-2025 03-2025: 2.8%▼ -0.1% vs 02-2025lowest value 04-2025: 2.8%● 0.0% vs 03-2025lowest value 05-2025: 2.8%▲ +2.4% vs 04-2025 06-2025: 2.8%▲ +0.4% vs 05-2025 07-2025: 3.0%▲ +6.7% vs 06-2025 08-2025: 3.5%▲ +16.0% vs 07-2025 09-2025: 4.0%▲ +14.8% vs 08-2025 10-2025: 4.5%▲ +11.2% vs 09-2025 11-2025: 4.5%▲ +1.2% vs 10-2025 12-2025: 8.9%▲ +96.1% vs 11-2025highest value 01-2026: 8.9%● 0.0% vs 12-2025highest value 02-2026: 8.7%▼ -2.1% vs 01-2026 03-2026: 8.8%▲ +0.6% vs 02-2026 04-2026: 8.8%● 0.0% vs 03-2026 05-2026: 8.5%▼ -3.4% vs 04-2026 06-2026: 8.6%▲ +1.3% vs 05-2026 07-2026: 8.7%▲ +0.9% vs 06-2026 08-2026: 8.3%▼ -4.5% vs 07-2026 09-2026: 3.3%▼ -60.4% vs 08-2026 10-2026: 3.3%● 0.0% vs 09-2026
  • Loss of €2.2m, the second in a row (FY 2025) raises the probability
  • Equity €128,231 (1.4% of total assets) raises the probability
  • Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
  • Latest accounts 31 days late; 3 of the last 3 late raises the probability
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.66 in 2024; short-term debt: 65.5% and cash: 7.2% of total assets), and 98.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, small). Better than this share of them on solvency 9%, liquidity 24%, profitability 1%, growth against the median 97%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Loss of €2.2m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €128,231 (1.4% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Latest accounts 31 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1005 sector peers (2025).
NBB · sector comparison
Position among 1005 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
116 d late
2023
140 d late
2022
256 d late
2021
142 d late
2020
3 d early
2019
83 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 109 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 19 December (4 of the last 5 filed years within 110 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Equity above €100,000Eq €128,231
  3. Capital & shares · Statutes amendmentCapital increase · Share issue…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€2.2m View
  • Caution: Among the weakest 5% on net resultsector median €34,870 · 1,007 companies -€2.2m View
  • Controlled by Dipar Vknown shareholders 100% 100% View

By topic

Financials

Fiscal year
2025
Total assets
€8.8m
Loss
-€2.2m
Solvency
1.4%
Turnover▼ 64.0%
Net result
20182024
Go to Financials

Board & ownership

Board
1 member
Parent
Dipar V · 100%
Known shareholders
100%
Auditor
Moore Audit
Go to Board & ownership

Timeline

Events
31
Since
2004
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Equity above €100,000
  3. 30-12-2025Capital & shares · Statutes amendment
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
14-05-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Fabricatie van timmerwerk; fabricatie van schrijnwerk voor de bouwnijverheid; ...…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check

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