THYS Construct
Open bankruptcyA bankruptcy procedure is open for THYS Construct according to publications in the Belgian State Gazette; curator: LAURI MONSECOUR.
Summary
The 2021 annual accounts show equity of €47k and a net result of €-4k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-09-2022, 60 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
60 d late
2020
214 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€47k▼ 7.2%
2020 · €50k
2018: €54k
2019: €64k
2020: €50k
2018 → 2021
Total assets
€137k▼ 6.0%
2020 · €146k
2018: €109k
2019: €138k
2020: €146k
2018 → 2021
Net result
€-4k▲ 73.0%
2020 · €-13k
2018: €7k
2019: €10k
2020: €-13k
2018 → 2021
Working capital
€40k▼ 17.2%
2020 · €48k
2018: €58k
2019: €70k
2020: €48k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€54k-€64k▲ 17.6%€50k▼ 21.0%€47k▼ 7.2%
Operating result€10k-€12k▲ 20.2%€-10k€-332▲ 96.8%
Net result€7k-€10k▲ 42.9%€-13k€-4k▲ 73.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €332 in 2021 against €10k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €137k
Fixed assets
€7k ▼ 7.2%
Current assets
€130k ▼ 5.9%
Equity and liabilities €137k
Equity
€47k ▼ 7.2%
Debt
€90k ▼ 5.4%
Debt's share of the balance-sheet total rises from 65.4% to 65.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€229▲
2020 · €-10k
Cash flow
€-3k▲
2020 · €-13k
Current ratio
1.44▼
2020 · 1.53
Debt to equity
1.93
ROE
-7.7%▲
2020 · -26.6%
ROA
-2.6%▲
2020 · -9.2%
Interest coverage
0.07
Debt ≤ 1 year
€90k=
2020 · €90k
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 · 2021 against 2020 · 45 lines
Balance sheet
Code20202021
Assets
Total assets20/58€146k€137k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23-€910
Furniture and vehicles24-€300
Financial fixed assets28€6k€6k=
Current assets29/58€138k€130k▼
Amounts receivable after more than one year29-€33k
Other amounts receivable291-€33k
Amounts receivable within one year40/41€71k€74k▲
Trade receivables40-€51k
Other amounts receivable41-€23k
Cash at bank and in hand54/58€29k€22k▼
Deferred charges and accrued income490/1-€785
Equity and liabilities
Total equity and liabilities10/49€146k€137k▼
Equity10/15€50k€47k▼
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€42k€39k▼
Amounts payable17/49€95k€90k▼
Amounts payable within one year42/48€90k€90k=
Financial debts43-€49k
Credit institutions430/8-€49k
Trade debts44€49k€34k▼
Suppliers440/4-€34k
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€435€561▲
Other operating charges640/8-€385
Gross operating margin9900€-10k€614▲
Operating profit (loss)9901€-10k€-332▲
Financial income75/76B-€76
Recurring financial income75€54€76▲
Financial charges65/66B-€3k
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-13k€-4k▲
Profit (loss) for the period9904€-13k€-4k▲
Profit (loss) for the period to be appropriated9905€-13k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€39k
Profit (loss) brought forward from the previous period14P-€42k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
03-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 27-06-2023
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 214 days late
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Highest result since 2018net €10k ▲42.9%
Operating result €12k, net result €10k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 227 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 524 days late
2013
08-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Aalst · 1 establishment unit since 2017
Ground area
113 m²
Building footprint
56 m²
Volume, LiDAR
598 m³
Parcel 41002A0181/00B002, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
THYS Construct
since 20172.273.135.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0181/00B002 | Flanders | 113 m² | 1 · 56 m² | 12.7 m · 4 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURI MONSECOUR LEO DE BETHUNELAAN 89,
9300 AALST |
27-06-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,193 EUR awarded · 1,193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,193 EUR | 1,193 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,036. 13,024 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 (pre-2019)
Founded08-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.