VAN THUYNE-IDE
ActiveVAN THUYNE-IDE has been active since 1955 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.02M and a net result of €13k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-98
Solvency100▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 2.31 in 2024), and 21.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.1%
Return on assets
0.3%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
22 d early
2022
19 d early
2021
23 d early
2020
22 d early
2019
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.02M▲ 0.4%
2024 · €3.01M
2018: €1.52M
2019: €2.04M
2020: €2.13M
2021: €2.35M
2022: €2.36M
2023: €2.73M
2024: €3.01M
2018 → 2025
Total assets
€3.87M▼ 19.1%
2024 · €4.79M
2018: €4.13M
2019: €3.69M
2020: €3.98M
2021: €3.83M
2022: €4.72M
2023: €4.39M
2024: €4.79M
2018 → 2025
Net result
€13k▼ 97.9%
2024 · €607k
2018: €564k
2019: €518k
2020: €98k
2021: €214k
2022: €668k
2023: €715k
2024: €607k
2018 → 2025
Working capital
€2.95M▲ 26.9%
2024 · €2.32M
2018: €1.45M
2019: €1.77M
2020: €1.89M
2021: €2.19M
2022: €2.25M
2023: €2.56M
2024: €2.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.35M-€2.36M▲ 0.8%€2.73M▲ 15.4%€3.01M▲ 10.3%€3.02M▲ 0.4%
Operating result€256k-€722k▲ 182%€840k▲ 16.4%€677k▼ 19.4%€-21k
Net result€214k-€668k▲ 212%€715k▲ 7.0%€607k▼ 15.0%€13k▼ 97.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €677k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.87M
Fixed assets
€78k▼ 88.7%
Current assets
€3.79M▼ 7.4%
Equity and liabilities €3.87M
Equity
€3.02M▲ 0.4%
Debt
€849k▼ 52.2%
The debt ratio falls from 37.1% to 21.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€19k▼
2024 · €741k
Cash flow
€52k▼
2024 · €671k
Solvency
78.1%▲
2024 · 62.9%
Current ratio
4.47▲
2024 · 2.31
Quick ratio
3.56▲
2024 · 2.18
Debt / equity
0.28▼
2024 · 0.59
ROE
0.4%▼
2024 · 20.2%
ROA
0.3%▼
2024 · 12.7%
Interest coverage
1.06▼
2024 · 46.35
Debt
€849k▼
2024 · €1.78M
Debt ≤ 1 year
€849k▼
2024 · €1.78M
Income taxes
€12k▼
2024 · €101k
Staff costs
€1.27M▼
2024 · €1.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.79M€3.87M▼
Fixed assets21/28€693k€78k▼
Tangible fixed assets22/27€693k€78k▼
Plant, machinery and equipment23€659k€58k▼
Furniture and vehicles24€34k€20k▼
Current assets29/58€4.10M€3.79M▼
Stocks and contracts in progress3€231k€769k▲
Stocks30/36€231k€769k▲
Amounts receivable within one year40/41€2.84M€2.59M▼
Trade receivables40€2.74M€2.40M▼
Other amounts receivable41€100k€191k▲
Cash at bank and in hand54/58€1.02M€428k▼
Deferred charges and accrued income490/1€11k€9k▼
Equity and liabilities
Total equity and liabilities10/49€4.79M€3.87M▼
Equity10/15€3.01M€3.02M▲
Contributions10/11€23k€23k=
Reserves13€2.99M€3.00M▲
Tax-exempt reserves132€11k€11k=
Distributable reserves133€2.98M€2.99M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.78M€849k▼
Amounts payable within one year42/48€1.78M€849k▼
Trade debts44€1.08M€581k▼
Suppliers440/4€1.08M€581k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€303k€181k▼
Taxes450/3€107k€10k▼
Remuneration and social security454/9€196k€171k▼
Other amounts payable47/48€389k€87k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.30M€1.27M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€40k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€15k€34k▲
Gross operating margin9900€2.06M€1.32M▼
Operating profit (loss)9901€677k€-21k▼
Financial income75/76B€47k€64k▲
Recurring financial income75€47k€64k▲
Financial charges65/66B€16k€18k▲
Recurring financial charges65€16k€18k▲
Profit (loss) for the period before taxes9903€708k€25k▼
Income taxes67/77€101k€12k▼
Profit (loss) for the period9904€607k€13k▼
Profit (loss) for the period to be appropriated9905€607k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€607k€13k▼
Transfer to equity691/2€282k€13k▼
To other reserves6921€282k€13k▼
Profit to be distributed694/7€325k€0▼
Directors or managers695€325k€0▼
Social balance
Average headcount (FTE)908717.617.2▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €13k ▼97.9%
Net result drops to €13k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €715k ▲7%
Operating result €840k, net result €715k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.04M ▲34.2%
2 profitable years in a row build equity to €2.04M.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wielsbeke · 1 establishment unit since 2017
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.
Hooiemeersstraat(S.B.V.) 198710 WielsbekeGround area
5.9 ha
Building footprint
1.6 ha
Volume, LiDAR
78,791 m³
Parcel 37014C0345/00L003, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hooiemeersstraat(S.B.V.) 19, 8710 Wielsbeke
since 20172.269.106.548
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014C0345/00L003 | Flanders | 5.9 ha | 1 · 1.6 ha | 9.7 m · 3 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.
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Of 396 companies in sector 23610 we hold annual accounts for 311. 218 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-1955
Fiscal year end31-12
Activities, NACEBEL
23610Manufacture of other non-metallic mineral products
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.