LE THINIHEID
ActiveLE THINIHEID has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €6k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-2
Solvency95▼-2
Growth49=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.13 in 2024; short-term debt: 21.5% and cash: 47.2% of total assets), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
70.2%
Return on assets
0.3%
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
64 d early
2023
62 d early
2022
75 d early
2021
60 d early
2020
46 d early
2019
60 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€298k▲ 1.7%
2024 · €293k
2018: €250k
2019: €248k
2020: €232k
2021: €244k
2022: €265k
2023: €269k
2024: €293k
2018 → 2025
EBIT margin
-2.0%▼ 12.5pp
2024 · 10.5%
2018: 27.7%
2019: 17.6%
2020: 1.0%
2021: 23.9%
2022: 31.0%
2023: 0.2%
2024: 10.5%
2018 → 2025
Net result
€6k▼ 85.4%
2024 · €43k
2018: €72k
2019: €16k
2020: €3k
2021: €63k
2022: €87k
2023: €8k
2024: €43k
2018 → 2025
Working capital
€706k▲ 15.0%
2024 · €614k
2018: €664k
2019: €788k
2020: €430k
2021: €553k
2022: €665k
2023: €657k
2024: €614k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€244k-€265k▲ 8.5%€269k▲ 1.5%€293k▲ 8.9%€298k▲ 1.7%
Equity€1.55M-€1.65M▲ 6.0%€1.65M▲ 0.1%€1.69M▲ 2.4%€1.69M▲ 0.2%
Operating result€58k-€82k▲ 40.7%€642▼ 99.2%€31k▲ 4,678%€-6k
Net result€63k-€87k▲ 38.7%€8k▼ 90.4%€43k▲ 411%€6k▼ 85.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.41M
Fixed assets
€1.19M▼ 0.7%
Current assets
€1.22M▲ 5.6%
Equity and liabilities €2.41M
Equity
€1.69M▲ 0.2%
Debt
€719k▲ 8.0%
The debt ratio rises from 28.3% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128k▼
2024 · €156k
Cash flow
€141k▼
2024 · €168k
Solvency
70.2%▼
2024 · 71.7%
Current ratio
2.36▲
2024 · 2.13
Quick ratio
2.36▲
2024 · 2.13
Debt / equity
0.42▲
2024 · 0.39
ROE
0.4%▼
2024 · 2.5%
ROA
0.3%▼
2024 · 1.8%
Interest coverage
82.17▼
2024 · 93.01
Debt
€719k▲
2024 · €666k
Debt ≤ 1 year
€517k▼
2024 · €544k
Debt > 1 year
€108k▼
2024 · €121k
Income taxes
€0=
2024 · €0
Staff costs
€1.58M▲
2024 · €1.56M
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€2.35M€2.41M▲
Formation expenses20€0€0=
Fixed assets21/28€1.20M€1.19M▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€1.20M€1.19M▼
Land and buildings22€1.10M€1.10M=
Plant, machinery and equipment23€48k€51k▲
Furniture and vehicles24€51k€39k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€0€2k▲
Financial fixed assets28€0€0=
Current assets29/58€1.16M€1.22M▲
Amounts receivable after more than one year29€0€0=
Trade receivables290€0€0=
Other amounts receivable291€0€0=
Stocks and contracts in progress3€0€0=
Stocks30/36€0€0=
Contracts in progress37€0€0=
Amounts receivable within one year40/41€136k€75k▼
Trade receivables40€16k€16k▼
Other amounts receivable41€120k€60k▼
Current investments50/53€0€0=
Cash at bank and in hand54/58€999k€1.14M▲
Deferred charges and accrued income490/1€23k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.41M▲
Equity10/15€1.69M€1.69M▲
Contributions10/11€416k€416k=
Capital10€416k€416k=
Revaluation surpluses12€0€0=
Reserves13€0€0=
Profit (loss) carried forward14€1.20M€1.20M▲
Investment grants15€73k€70k▼
Provisions and deferred taxes16€0€0=
Provisions for liabilities and charges160/5€0€0=
Pensions and similar obligations160€0€0=
Taxes161€0€0=
Major repairs and maintenance162€0€0=
Environmental obligations163€0€0=
Other liabilities and charges164/5€0€0=
Deferred taxes168€0€0=
Amounts payable17/49€666k€719k▲
Amounts payable after more than one year17€121k€108k▼
Financial debts170/4€121k€108k▼
Trade debts175€0€0=
Advances received on contracts in progress176€0€0=
Other amounts payable178/9€0€0=
Amounts payable within one year42/48€544k€517k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Financial debts43€0€0=
Credit institutions430/8€0€0=
Other loans439€0€0=
Trade debts44€38k€18k▼
Suppliers440/4€38k€18k▼
Bills of exchange payable441€0€0=
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€259k€264k▲
Taxes450/3€36k€36k▲
Remuneration and social security454/9€223k€227k▲
Accrued charges and deferred income492/3€707€94k▲
Income statement
Code20242025
Turnover70€293k€298k▲
Non-recurring operating income76A€11k€14k▲
Goods, raw materials, services and sundry goods60/61€200k€230k▲
Remuneration, social security and pensions62€1.56M€1.58M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€134k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€0=
Other operating charges640/8€198k€62k▼
Operating charges capitalised as restructuring costs649€0€0=
Non-recurring operating charges66A€15k€39k▲
Gross operating margin9900€1.93M€1.81M▼
Operating profit (loss)9901€31k€-6k▼
Financial income75/76B€14k€14k▼
Recurring financial income75€14k€14k▼
Non-recurring financial income76B€0€0=
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B€0€0=
Profit (loss) for the period before taxes9903€43k€6k▼
Transfer from deferred taxes780€0€0=
Transfer to deferred taxes680€0€0=
Income taxes67/77€0€0=
Profit (loss) for the period9904€43k€6k▼
Transfer from tax-exempt reserves789€0€0=
Transfer to tax-exempt reserves689€0€0=
Profit (loss) for the period to be appropriated9905€43k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.20M€1.20M▲
Profit (loss) brought forward from the previous period14P€1.16M€1.20M▲
From contributions791€0€0=
To contributions691€0€0=
Social balance
Average headcount (FTE)908718.518.6▲
The notes to these accounts (107 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
28-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment9 facts ▸
- General meeting, 30/09/2025
- Director reappointment, Benjamin Everaert (administrateur)
- Director reappointment, Jordan Lecocq (administrateur)
- Director reappointment, Cédric Mathieu (administrateur)
- Director reappointment, Baudouin Sagehomme (administrateur)
- Director reappointment, Anne Vrancken (administrateur)
- Director appointment, Maud Jortay (président du Conseil d'Administration)
- Director resignation, Martine Burton (administratrice)
- Director resignation, Jeanine Flamand (administratrice)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €87k ▲38.7%
Operating result €82k, net result €87k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼84.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26097469). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Anne Vrancken
CurrentDirector · since 30-09-2025
Baudouin Sagehomme
CurrentDirector · since 30-09-2025
Benjamin Everaert
CurrentDirector · since 30-09-2025
Cédric Mathieu
CurrentDirector · since 30-09-2025
Jordan Lecocq
CurrentDirector · since 30-09-2025
Maud Jortay
CurrentPrésident du conseil d'administration · since 30-09-2025
30-09-2025
Anne Vrancken: Mandate renewed as Director
30-09-2025
Baudouin Sagehomme: Mandate renewed as Director
30-09-2025
Benjamin Everaert: Mandate renewed as Director
30-09-2025
Cédric Mathieu: Mandate renewed as Director
30-09-2025
Jordan Lecocq: Mandate renewed as Director
30-09-2025
Maud Jortay: Appointed as Président du conseil d'administration
30-09-2025
Jeanine Flamand: Resigned as Director
30-09-2025
Martine Burton: Resigned as Director
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2006
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.
Rue Thiniheid 564801 VerviersGround area
1.7 ha
Building footprint
409 m²
Volume, LiDAR
3,309 m³
Parcel 63074A0683/00H000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LE THINIHEID
since 20062.155.313.967
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63074A0683/00H000 | Wallonia | 1.7 ha | 1 · 409 m² | 11.3 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.
Structure & network
Connections & network
5 connected companiesLinked via shared directors
viaCédric Mathieu · Director
→
viaCédric Mathieu · Director
→
viaCédric Mathieu · Director
→
viaCédric Mathieu · Director
→
Show 1 more companies with a shared director
viaCédric Mathieu · Director
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteVerviers2.155.313.967
Similar companies · same sector, comparable size
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Amicale des Elèves et Anciens Elèves de l'Ecole-Clinique provinciale du Hainaut
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Tilou
BE 0434.432.910
Mons · Eq €1.66M
Horizons neufs
BE 0421.385.816
Ottignies-Louvain-la-Neuve · Eq €1.65M
Of 323 companies in sector 87202 we hold annual accounts for 274. 221 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded26-03-1971
Fiscal year end31-12
Activities, NACEBEL
85314
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.thiniheid.be
E-mail:info@thiniheid.be