Summary
VAN THILLO M. 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 €88,417 and a net result of €69,135. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 8094 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €88,417
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
35 d early
2023
57 d early
2022
30 d late
2021
43 d late
2020
30 d late
2019
45 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 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 26 June (4 of the last 5 filed years within 72 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€88,417▲ 359%
2024 · €19,283
Net result
€69,135
2024 · -€42,412
Total assets
€751,696▼ 1.6%
2024 · €763,992
Solvency
11.8%▲ 9.2pp
2024 · 2.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€6,957▼ 99.0%-€17,118€11,756-€36,020€91,159
Net result-€1,697below the sector's middle half-€24,670below the sector's middle half▼ 1,354%€3,928within the sector's middle half-€42,412below the sector's middle half€69,135within the sector's middle half
Equity€82,437within the sector's middle half▼ 2.0%€57,767within the sector's middle half▼ 29.9%€61,695within the sector's middle half▲ 6.8%€19,283below the sector's middle half▼ 68.7%€88,417within the sector's middle half▲ 359%
Total assets€1.1mabove the sector's middle half▼ 10.0%€1.0mabove the sector's middle half▼ 8.4%€903,729within the sector's middle half▼ 10.1%€763,992within the sector's middle half▼ 15.5%€751,696within the sector's middle half▼ 1.6%
Debt€1.0m▼ 10.6%€946,968▼ 6.6%€842,034▼ 11.1%€744,710▼ 11.6%€663,279▼ 10.9%
Working capital-€203,347below the sector's middle half▼ 25.0%-€230,200below the sector's middle half▼ 13.2%-€222,213below the sector's middle half▲ 3.5%-€260,566below the sector's middle half▼ 17.3%-€188,104below the sector's middle half▲ 27.8%
Solvency7.5%below the sector's middle half▲ 0.6pp5.7%below the sector's middle half▼ 1.8pp6.8%below the sector's middle half▲ 1.1pp2.5%below the sector's middle half▼ 4.3pp11.8%below the sector's middle half▲ 9.2pp
Current ratio0.63below the sector's middle half▼ 0.110.56below the sector's middle half▼ 0.070.52below the sector's middle half▼ 0.040.37below the sector's middle half▼ 0.160.50below the sector's middle half▲ 0.13
Return on assets (ROA)-0.2%below the sector's middle half▼ 42.3pp-2.5%below the sector's middle half▼ 2.3pp0.4%below the sector's middle half▲ 2.9pp-5.6%below the sector's middle half▼ 6.0pp9.2%within the sector's middle half▲ 14.7pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €91,159 after a loss of €36,020 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €751,696
Fixed assets
€565,410 ▼ 7.6%
Current assets
€186,286 ▲ 22.6%
Equity and liabilities €751,696
Equity
€88,417 ▲ 359%
Debt
€663,279 ▼ 10.9%
Debt's share of the balance-sheet total falls from 97.5% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
78.2%▲
2024 · -219.9%
Debt ≤ 1 year
€374,390▼
2024 · €412,487
Debt > 1 year
€288,889▼
2024 · €332,222
Income taxes
€16,668▲
2024 · €433
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,840 | -€106 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,579 | €52,275 | €47,392 | €47,392 | €46,661 | ▼ 1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €17,429 | - |
| Other operating charges640/8 | €1,398 | €2,033 | €2,817 | €2,698 | €2,679 | ▼ 0.7% |
| Gross operating margin9900 | €59,774 | €37,084 | €61,964 | €14,070 | €157,928 | ▲ 1,022% |
| Operating profit (loss)9901 | €6,957 | -€17,118 | €11,756 | -€36,020 | €91,159 | ▲ 353% |
| Financial income75/76B | €13 | €1 | €0 | €0 | €32 | ▲ 105,733% |
| Recurring financial income75 | €13 | €1 | €0 | €0 | €32 | ▲ 105,733% |
| Financial charges65/66B | €8,069 | €7,159 | €7,404 | €5,958 | €5,389 | ▼ 9.6% |
| Recurring financial charges65 | €8,069 | €7,159 | €7,404 | €5,958 | €5,389 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | -€1,100 | -€24,276 | €4,352 | -€41,979 | €85,802 | ▲ 304% |
| Income taxes67/77 | €597 | €394 | €424 | €433 | €16,668 | ▲ 3,747% |
| Profit (loss) for the period9904 | -€1,697 | -€24,670 | €3,928 | -€42,412 | €69,135 | ▲ 263% |
| Profit (loss) for the period to be appropriated9905 | -€1,697 | -€24,670 | €3,928 | -€42,412 | €69,135 | ▲ 263% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €903,729 | €763,992 | €751,696 | ▼ 1.6% |
| Fixed assets21/28 | €748,006 | €706,855 | €659,463 | €612,072 | €565,410 | ▼ 7.6% |
| Tangible fixed assets22/27 | €748,006 | €706,855 | €659,463 | €612,072 | €565,410 | ▼ 7.6% |
| Land and buildings22 | €701,977 | €675,746 | €637,917 | €600,088 | €562,259 | ▼ 6.3% |
| Plant, machinery and equipment23 | €3,838 | €2,718 | €1,598 | €477 | €0 | ▼ 100% |
| Furniture and vehicles24 | €42,191 | €28,392 | €19,949 | €11,506 | €3,152 | ▼ 72.6% |
| Current assets29/58 | €348,269 | €297,879 | €244,265 | €151,921 | €186,286 | ▲ 22.6% |
| Amounts receivable within one year40/41 | €60,528 | €26,607 | €58,720 | €53,876 | €49,442 | ▼ 8.2% |
| Trade receivables40 | €46,478 | €23,001 | €53,539 | €31,047 | €29,742 | ▼ 4.2% |
| Other amounts receivable41 | €14,050 | €3,606 | €5,182 | €22,830 | €19,700 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €287,741 | €264,278 | €183,104 | €95,115 | €128,324 | ▲ 34.9% |
| Deferred charges and accrued income490/1 | - | €6,995 | €2,441 | €2,930 | €8,520 | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €903,729 | €763,992 | €751,696 | ▼ 1.6% |
| Equity10/15 | €82,437 | €57,767 | €61,695 | €19,283 | €88,417 | ▲ 359% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €63,837 | €39,167 | €43,095 | €683 | €69,817 | ▲ 10,125% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €61,977 | €37,307 | €41,235 | €683 | €69,817 | ▲ 10,125% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €946,968 | €842,034 | €744,710 | €663,279 | ▼ 10.9% |
| Amounts payable after more than one year17 | €462,222 | €418,889 | €375,556 | €332,222 | €288,889 | ▼ 13.0% |
| Financial debts170/4 | €462,222 | €418,889 | €375,556 | €332,222 | €288,889 | ▼ 13.0% |
| Amounts payable within one year42/48 | €551,616 | €528,079 | €466,478 | €412,487 | €374,390 | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | €43,333 | €43,333 | €43,333 | €43,333 | €43,333 | = |
| Trade debts44 | €9,772 | €12,571 | €1,099 | €2,818 | €2,023 | ▼ 28.2% |
| Suppliers440/4 | €9,772 | €12,571 | €1,099 | €2,818 | €2,023 | ▼ 28.2% |
| Taxes, remuneration and social security45 | €3,781 | €3,343 | €5,914 | €0 | €9,071 | - |
| Taxes450/3 | €3,632 | €3,343 | €5,914 | €0 | €9,071 | - |
| Remuneration and social security454/9 | €149 | €0 | - | - | - | - |
| Other amounts payable47/48 | €494,730 | €468,831 | €416,132 | €366,336 | €319,963 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,697 | -€24,670 | €3,928 | -€42,412 | €69,135 | ▲ 263% |
| + Depreciation and write-downs630 | €49,579 | €52,275 | €47,392 | €47,392 | €46,661 | ▼ 1.5% |
| Operating cash flow (approximation) | €47,882 | €27,605 | €51,320 | €4,980 | €115,796 | ▲ 2,225% |
| Investment in fixed assets (approximation) | - | -€11,124 | €0 | €0 | €0 | - |
| Change in cash | - | -€23,463 | -€81,174 | -€87,989 | €33,210 | ▲ 138% |
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
Next filing, fiscal year 2026, expected by
2026
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €69,135
Net result €69,135 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€42,412
Net result drops to -€42,412, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,928
Net result €3,928 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €513,674 ▲3,310%
Operating result €687,297, net result €513,674, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Kalmthout · 1 establishment unit since 2014
Ground area
1,672 m²
Building footprint
279 m²
Volume, LiDAR
1,619 m³
Parcel 11662A0028/00B000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Thillo M.
since 20142.230.686.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662A0028/00B000 | Flanders | 1,672 m² | 1 · 279 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 12,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
01430Raising of horses and other equines
70200Business and other management consultancy
82990Other business support services
Contact
Phone
036673345Kalmthout
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550787972
Also
9925:BE0550787972
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.