W. THYSSEN
ActiveSummary
W. THYSSEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,384 and a net result of €59,519. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 36% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84=
Solvency66▼-34
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 1.36 in 2024; short-term debt: 58.9% and cash: 13.3% of total assets), and 58.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
41.1%
Return on assets
12.5%
Age of the figures
9 mo
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 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
150 d early
2023
159 d early
2022
140 d early
2021
151 d early
2020
74 d early
2019
155 d early
← 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 131 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 3 March (4 of the last 5 filed years within 30 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
€195,384▼ 50.2%
2024 · €392,336
Total assets
€475,594▼ 5.2%
2024 · €501,583
Net result
€59,519▼ 5.1%
2024 · €62,693
Working capital
-€144,142
2024 · €38,795
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€139,682▼ 3.6%€101,466▼ 27.4%€97,455▼ 4.0%€93,602▼ 4.0%€89,368▼ 4.5%
Net result€94,023above the sector's middle half▼ 0.6%€67,817above the sector's middle half▼ 27.9%€65,116within the sector's middle half▼ 4.0%€62,693within the sector's middle half▼ 3.7%€59,519within the sector's middle half▼ 5.1%
Equity€450,688above the sector's middle half▲ 6.6%€432,155above the sector's middle half▼ 4.1%€415,784above the sector's middle half▼ 3.8%€392,336above the sector's middle half▼ 5.6%€195,384within the sector's middle half▼ 50.2%
Total assets€533,691above the sector's middle half▲ 6.5%€536,033above the sector's middle half▲ 0.4%€520,037above the sector's middle half▼ 3.0%€501,583above the sector's middle half▼ 3.5%€475,594within the sector's middle half▼ 5.2%
Debt€83,003▲ 6.1%€103,878▲ 25.1%€104,253▲ 0.4%€109,247▲ 4.8%€280,210▲ 156%
Working capital€119,634within the sector's middle half▼ 34.4%€115,395within the sector's middle half▼ 3.5%€41,987within the sector's middle half▼ 63.6%€38,795within the sector's middle half▼ 7.6%-€144,142below the sector's middle half
Solvency84.4%above the sector's middle half▲ 0.1pp80.6%above the sector's middle half▼ 3.8pp80.0%above the sector's middle half▼ 0.7pp78.2%within the sector's middle half▼ 1.7pp41.1%within the sector's middle half▼ 37.1pp
Current ratio2.44within the sector's middle half▼ 0.892.11within the sector's middle half▼ 0.331.40within the sector's middle half▼ 0.711.36within the sector's middle half▼ 0.050.49below the sector's middle half▼ 0.87
Return on assets (ROA)17.6%within the sector's middle half▼ 1.3pp12.7%within the sector's middle half▼ 5.0pp12.5%within the sector's middle half▼ 0.1pp12.5%within the sector's middle half=12.5%within the sector's middle half=
Staff (FTE)1.11.1=1.1=1▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 has fallen four years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,594
Fixed assets
€339,526 ▼ 4.2%
Current assets
€136,068 ▼ 7.6%
Equity and liabilities €475,594
Equity
€195,384 ▼ 50.2%
Debt
€280,210 ▲ 156%
Debt's share of the balance-sheet total rises from 21.8% to 58.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€108,828▼
2024 · €113,480
Cash flow
€78,979▼
2024 · €82,571
Debt to equity
1.43▲
2024 · 0.28
ROE
30.5%▲
2024 · 16.0%
Interest coverage
1318.16▼
2024 · 1414.97
Debt ≤ 1 year
€280,210▲
2024 · €108,427
Income taxes
€31,174▼
2024 · €32,759
Staff costs
€36,920▼
2024 · €37,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €27,925 | €34,965 | €37,777 | €36,920 | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,476 | €19,731 | €13,621 | €19,878 | €19,459 | ▼ 2.1% |
| Other operating charges640/8 | - | €1,526 | €1,599 | €1,914 | €1,895 | ▼ 1.0% |
| Gross operating margin9900 | €167,869 | €150,649 | €147,640 | €153,171 | €147,643 | ▼ 3.6% |
| Operating profit (loss)9901 | €139,682 | €101,466 | €97,455 | €93,602 | €89,368 | ▼ 4.5% |
| Financial income75/76B | - | €894 | €1,242 | €1,930 | €1,408 | ▼ 27.1% |
| Recurring financial income75 | €318 | €894 | €1,242 | €1,930 | €1,408 | ▼ 27.1% |
| Financial charges65/66B | - | €278 | €153 | €80 | €83 | ▲ 2.9% |
| Recurring financial charges65 | €186 | €278 | €153 | €80 | €83 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €139,815 | €102,082 | €98,543 | €95,452 | €90,693 | ▼ 5.0% |
| Income taxes67/77 | €45,792 | €34,265 | €33,427 | €32,759 | €31,174 | ▼ 4.8% |
| Profit (loss) for the period9904 | €94,023 | €67,817 | €65,116 | €62,693 | €59,519 | ▼ 5.1% |
| Profit (loss) for the period to be appropriated9905 | €94,023 | €67,817 | €65,116 | €62,693 | €59,519 | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533,691 | €536,033 | €520,037 | €501,583 | €475,594 | ▼ 5.2% |
| Fixed assets21/28 | €331,054 | €316,760 | €374,238 | €354,360 | €339,526 | ▼ 4.2% |
| Tangible fixed assets22/27 | €121,368 | €107,074 | €164,552 | €144,674 | €129,839 | ▼ 10.3% |
| Land and buildings22 | - | €101,887 | €97,866 | €93,844 | €89,822 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €2,228 | €1,211 | €194 | - | - |
| Furniture and vehicles24 | - | €403 | €63,567 | €49,205 | €39,064 | ▼ 20.6% |
| Other tangible fixed assets26 | - | €2,556 | €1,908 | €1,431 | €953 | ▼ 33.4% |
| Financial fixed assets28 | €209,686 | €209,686 | €209,686 | €209,686 | €209,686 | = |
| Current assets29/58 | €202,636 | €219,273 | €145,799 | €147,222 | €136,068 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €37,840 | €48,867 | €36,572 | €45,603 | €36,742 | ▼ 19.4% |
| Trade receivables40 | - | €48,867 | €36,572 | €45,603 | €36,742 | ▼ 19.4% |
| Current investments50/53 | €31,087 | €46,999 | €37,067 | €35,758 | €35,758 | = |
| Cash at bank and in hand54/58 | €133,709 | €123,407 | €72,159 | €65,861 | €63,402 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €166 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533,691 | €536,033 | €520,037 | €501,583 | €475,594 | ▼ 5.2% |
| Equity10/15 | €450,688 | €432,155 | €415,784 | €392,336 | €195,384 | ▼ 50.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €444,488 | €425,955 | €409,584 | €386,136 | €189,184 | ▼ 51.0% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €424,100 | €407,729 | €384,281 | €187,329 | ▼ 51.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €83,003 | €103,878 | €104,253 | €109,247 | €280,210 | ▲ 156% |
| Amounts payable within one year42/48 | €83,003 | €103,878 | €103,812 | €108,427 | €280,210 | ▲ 158% |
| Trade debts44 | €343 | €2,366 | €1,063 | €1,123 | €731 | ▼ 34.9% |
| Suppliers440/4 | - | €2,366 | €1,063 | €1,123 | €731 | ▼ 34.9% |
| Taxes, remuneration and social security45 | - | €14,875 | €20,522 | €19,311 | €21,996 | ▲ 13.9% |
| Taxes450/3 | - | €11,236 | €13,051 | €14,777 | €17,347 | ▲ 17.4% |
| Remuneration and social security454/9 | - | €3,639 | €7,472 | €4,535 | €4,648 | ▲ 2.5% |
| Other amounts payable47/48 | - | €86,637 | €82,226 | €87,993 | €257,483 | ▲ 193% |
| Accrued charges and deferred income492/3 | - | - | €441 | €819 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,023 | €67,817 | €65,116 | €62,693 | €59,519 | ▼ 5.1% |
| + Depreciation and write-downs630 | €27,476 | €19,731 | €13,621 | €19,878 | €19,459 | ▼ 2.1% |
| Operating cash flow (approximation) | €121,499 | €87,548 | €78,737 | €82,571 | €78,979 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€5,437 | -€71,099 | €0 | -€4,625 | - |
| Change in cash | - | -€10,303 | -€51,247 | -€6,298 | -€2,459 | ▲ 61.0% |
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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €59,519 ▼5.1%
Net result drops to €59,519, the lowest in the series.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €94,631 ▲9.9%
Operating result €144,895, net result €94,631, both a record.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
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, Sint-Gillis-Waas · 1 establishment unit since 2002
Ground area
615 m²
Building footprint
159 m²
Volume, LiDAR
996 m³
Parcel 46005A0487/00H000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
W. Thyssen
since 20022.195.575.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0487/00H000 | Flanders | 615 m² | 1 · 159 m² | 9.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of W. THYSSEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
9676006GWBI2UWRMW119
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,394 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 (pre-2019)
Founded26-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477177444
Also
9925:BE0477177444
Registered
13-11-2025
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.