THIELEMANS
ActiveSummary
THIELEMANS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €771k and a net result of €43k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 91% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 6.9 against 4.33 in 2024; short-term debt: 10.2% and cash: 51.7% of total assets), and 10.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
89.8%
Return on assets
5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 €771k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
38 d early
2023
37 d early
2022
38 d early
2021
43 d early
2020
47 d early
2019
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€771k▲ 5.9%
2024 · €728k
2018: €870k
2019: €789k
2020: €811k
2021: €531k
2022: €595k
2023: €698k
2024: €728k
2018 → 2025
Total assets
€859k▲ 0.3%
2024 · €856k
2018: €1.83M
2019: €1.76M
2020: €1.36M
2021: €825k
2022: €842k
2023: €886k
2024: €856k
2018 → 2025
Net result
€43k▲ 44.2%
2024 · €30k
2018: €68k
2019: €59k
2020: €22k
2021: €-12k
2022: €64k
2023: €103k
2024: €30k
2018 → 2025
Working capital
€518k▲ 21.4%
2024 · €426k
2018: €543k
2019: €436k
2020: €772k
2021: €154k
2022: €289k
2023: €347k
2024: €426k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€531k-€595k▲ 12.0%€698k▲ 17.3%€728k▲ 4.3%€771k▲ 5.9%
Operating result€-26k-€74k€120k▲ 62.5%€29k▼ 75.9%€64k▲ 121%
Net result€-12k-€64k€103k▲ 61.5%€30k▼ 70.8%€43k▲ 44.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €859k
Fixed assets
€253k ▼ 15.9%
Current assets
€605k ▲ 9.2%
Equity and liabilities €859k
Equity
€771k ▲ 5.9%
Debt
€88k ▼ 31.5%
Debt's share of the balance-sheet total falls from 15.0% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112k▲
2024 · €79k
Cash flow
€91k▲
2024 · €80k
Current ratio
6.90▲
2024 · 4.33
Debt to equity
0.11▼
2024 · 0.18
ROE
5.6%▲
2024 · 4.1%
ROA
5.0%▲
2024 · 3.5%
Interest coverage
249.38▲
2024 · 218.84
Debt ≤ 1 year
€88k▼
2024 · €128k
Income taxes
€21k▲
2024 · €17k
Staff costs
€102k▲
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€856k€859k▲
Fixed assets21/28€301k€253k▼
Tangible fixed assets22/27€283k€235k▼
Land and buildings22€190k€163k▼
Plant, machinery and equipment23€27k€19k▼
Furniture and vehicles24€66k€53k▼
Financial fixed assets28€18k€18k=
Current assets29/58€554k€605k▲
Amounts receivable within one year40/41€22k€156k▲
Trade receivables40€256-
Other amounts receivable41€22k€156k▲
Cash at bank and in hand54/58€523k€444k▼
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€856k€859k▲
Equity10/15€728k€771k▲
Contributions10/11€100k€100k=
Reserves13€627k€670k▲
Distributable reserves133€627k€670k▲
Profit (loss) carried forward14€1k€1k▲
Amounts payable17/49€128k€88k▼
Amounts payable within one year42/48€128k€88k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€22k€21k▼
Taxes450/3€9k€3k▼
Remuneration and social security454/9€13k€17k▲
Other amounts payable47/48€104k€66k▼
Income statement
Code20242025
Remuneration, social security and pensions62€96k€102k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€48k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€183k€220k▲
Operating profit (loss)9901€29k€64k▲
Financial income75/76B€19k€1k▼
Recurring financial income75€19k€1k▼
Financial charges65/66B€360€449▲
Recurring financial charges65€360€449▲
Profit (loss) for the period before taxes9903€47k€65k▲
Income taxes67/77€17k€21k▲
Profit (loss) for the period9904€30k€43k▲
Profit (loss) for the period to be appropriated9905€30k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€44k▲
Profit (loss) brought forward from the previous period14P€1k€1k▲
Transfer to equity691/2€30k€43k▲
To other reserves6921€30k€43k▲
Social balance
Average headcount (FTE)90871.01.0=
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €103k ▲61.5%
Operating result €120k, net result €103k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-12k ▼155%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 6.35
Current ratio from 2.78 to 6.35; short-term debt falls from €244k to €144k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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
7 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, Diest · 1 establishment unit since 1994
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.
Grasbos 333294 DiestGround area
1,705 m²
Building footprint
223 m²
Volume, LiDAR
1,000 m³
Parcel 24073H0242/00Y002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THIELEMANS
since 19942.066.857.291
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24073H0242/00Y002 | Flanders | 1,705 m² | 1 · 222 m² | 6.6 m · 2 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.
Similar companies · same sector, comparable size
IMART
BE 0441.483.226
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VANDUYSE/LOWATAG
BE 0814.779.709
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ALRA DESIGN
BE 0455.849.421
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AGERTI
BE 0400.512.802
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WEARHOUSE BELGIUM
BE 0826.482.758
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Of 1,275 companies in sector 46160 we hold annual accounts for 685. 353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46425Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.