Active BE 0829.951.301Private limited company

Xavier THIRY

Rue en Fraiture 4 ·6680 Sainte-Ode, Belgium· 15 yrs active

Sector: Bouwrijp maken van terreinen (43120)

Conclusion Checked

The computed 12-month bankruptcy probability of Xavier THIRY is 0.9% (low). The 2024 annual accounts show equity of €1.02M and a net result of €174k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 498 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€1.02M
Net result	€174k
Staff (FTE)	2
Better than sector	79%

Snowflake analysis 5 of 5 axes measured · computed by Checked

90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 92

Solvency 98

Growth 59

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.9% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2010, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.9%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	63.0%	36.6%	better than 79% of 498 sector peers
Net result	€174k	€19k	better than 87% of 496 sector peers
Equity	€1.02M	€90k	better than 90% of 498 sector peers
Gross operating margin	€534k	€110k	better than 81% of 467 sector peers
Staff costs	€104k	€148k	higher than 42% of 330 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€1.31M

+4.9% 18-24

EBITDA

€416k

-5.4% 18-24

Net profit

€174k

+5.3% 18-24

Cash flow

€342k

-7.2% 18-24

Total assets

€1.61M

-7.1% 18-24

Equity

€1.02M

+5.4% 18-24

Working capital

€552k

+24.3% 18-24

Employees (FTE)

2

+11.1% 18-24

Staff costs

€104k

+4.5% 18-24

Income taxes

€74k

+9.2% 18-24

Dividends

€121k

- 18-24

Debt

€597k

-22.8% 18-24

Debt ≤ 1y

€585k

-16.0% 18-24

Debt > 1y

€12k

-84.1% 18-24

Current ratio

1.94

+18.7% 18-24

Quick ratio

1.94

+18.7% 18-24

Solvency

63.0%

+13.5% 18-24

Debt / equity

0.59

-26.8% 18-24

ROE

17.1%

-0.1% 18-24

ROA

10.8%

+13.4% 18-24

Net margin

13.3%

+0.4% 18-24

EBITDA margin

31.8%

-9.8% 18-24

Interest coverage

388.25

+186.0% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	€1.31M
EBITDA	€416k
Net profit	€174k
Cash flow	€342k
Staff costs	€104k
Income taxes	€74k
Dividends	€121k
Total assets	€1.61M
Equity	€1.02M
Debt	€597k
of which ≤ 1y	€585k
of which > 1y	€12k
Working capital	€552k
Employees (FTE)	2.0

Ratios (computed)

	2024
Current ratio	1.94
Quick ratio	1.94
Working capital ratio	34.2%
Solvency	63.0%
Debt / equity	0.59
Long-term debt ratio	0.01
Interest coverage	388.25
Gross margin	40.9%
Net margin	13.3%
ROA	10.8%
ROE	17.1%
EBITDA margin	31.8%
Days sales outstanding	132d
Days payable outstanding	24d
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €477k · 29.6% Current assets €1.14M · 70.4%

Equity & liabilities

Equity €1.02M · 63.0% Debt €597k · 37.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.61M
Fixed assets	21/28	€477k
Tangible fixed assets	22/27	€477k
Current assets	29/58	€1.14M
Amounts receivable within one year	40/41	€502k
Cash & bank	54/58	€619k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.61M
Equity	10/15	€1.02M
Contributions / capital	10/11	€19k
Reserves	13	€698k
Accumulated profits (losses)	14	€301k
Amounts payable	17/49	€597k
Amounts payable after one year	17	€12k
Amounts payable within one year	42/48	€585k
Trade debts payable within one year	44	€50k
Income statement
Turnover	70	€1.31M
Gross operating margin	9900	€534k
Operating result	9901	€247k
Financial income	75	€1k
Financial charges	65	€1k
Result before taxes	9903	€248k
Income taxes	67/77	€74k
Net result for the period	9904	€174k
Result to be appropriated	9905	€178k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Bouwrijp maken van terreinen(43120)
Legal form	Private limited company(610)
Incorporation	05-10-2010
Status	Active
Postal code	6680

Establishment units 1 location

XAVIER THIRY

Rue en Fraiture 4, 6680 Sainte-OdeBouw van autowegen en andere wegen

since 20102.192.451.507

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-06-2025