THIMAX
THIMAX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €2k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €10k |
| Net result | €2k |
| Better than sector | 26% |
| Active | 22 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.0% | 42.6% | |
| Net result | €2k | €6k | |
| Equity | €10k | €60k | |
| Gross operating margin | €62k | €29k | |
| Staff costs | €39k | €37k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €20k | €23k | €13k | €3k | €6k |
| Net profit | €2k | €6k | €-4k | €-8k | €1k |
| Cash flow | €15k | €19k | €10k | €-1k | €2k |
| Staff costs | €39k | €39k | €32k | €14k | - |
| Income taxes | €1k | €950 | - | €680 | €850 |
| Dividends | - | - | - | - | - |
| Total assets | €91k | €73k | €81k | €91k | €44k |
| Equity | €10k | €8k | €2k | €5k | €13k |
| Debt | €81k | €65k | €79k | €85k | €30k |
| of which ≤ 1y | €64k | €65k | €79k | €85k | €30k |
| of which > 1y | €17k | - | - | - | - |
| Working capital | €-32k | €-33k | €-49k | €-55k | €11k |
| Employees (FTE) | - | 1.0 | 0.7 | 8.0 | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.50 | 0.50 | 0.38 | 0.35 | 1.37 |
| Quick ratio | 0.13 | 0.28 | 0.14 | 0.13 | 0.80 |
| Working capital ratio | -35.4% | -44.5% | -60.2% | -60.5% | 26.0% |
| Solvency | 11.0% | 11.0% | 2.1% | 5.9% | 30.6% |
| Debt / equity | 8.13 | 8.08 | 46.53 | 15.91 | 2.26 |
| Long-term debt ratio | 1.71 | - | - | - | - |
| Interest coverage | 5.11 | 7.03 | 3.69 | 0.87 | 1.51 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.1% | 8.7% | -4.5% | -8.9% | 2.6% |
| ROE | 19.3% | 78.8% | -214.7% | -150.8% | 8.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €91k | €73k | €81k | €91k | €44k |
| Fixed assets | 21/28 | €59k | €40k | €50k | €61k | €2k |
| Formation expenses | 20 | €592 | €791 | €991 | - | - |
| Intangible fixed assets | 21 | €13k | €15k | €17k | €19k | - |
| Tangible fixed assets | 22/27 | €46k | €25k | €33k | €42k | €2k |
| Financial fixed assets | 28 | €78 | €78 | €78 | €50 | €50 |
| Current assets | 29/58 | €32k | €33k | €30k | €30k | €42k |
| Stocks & contracts in progress | 3 | €23k | €15k | €19k | €19k | €18k |
| Amounts receivable within one year | 40/41 | €4k | €16k | €7k | €7k | €22k |
| Cash & bank | 54/58 | €4k | €2k | €4k | €4k | €956 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €91k | €73k | €81k | €91k | €44k |
| Equity | 10/15 | €10k | €8k | €2k | €5k | €13k |
| Contributions / capital | 10/11 | €44k | €44k | €44k | €44k | €44k |
| Accumulated profits (losses) | 14 | €-34k | €-36k | €-42k | €-38k | €-30k |
| Amounts payable | 17/49 | €81k | €65k | €79k | €85k | €30k |
| Amounts payable after one year | 17 | €17k | - | - | - | - |
| Amounts payable within one year | 42/48 | €64k | €65k | €79k | €85k | €30k |
| Trade debts payable within one year | 44 | €20k | €13k | €18k | €35k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €62k | €66k | €46k | €19k | €8k |
| Operating result | 9901 | €7k | €10k | €-132 | €-4k | €5k |
| Financial income | 75 | €1 | €176 | €13 | - | €1k |
| Financial charges | 65 | €4k | €3k | €4k | €4k | €4k |
| Result before taxes | 9903 | €3k | €7k | €-4k | €-7k | €2k |
| Income taxes | 67/77 | €1k | €950 | - | €680 | €850 |
| Net result for the period | 9904 | €2k | €6k | €-4k | €-8k | €1k |
| Result to be appropriated | 9905 | €2k | €6k | €-4k | €-8k | €1k |
| NACE primary | Wholesale of other household goods(46499) |
| Legal form | Private limited company(610) |
| Incorporation | 23-12-2003 |
| Status | Active |
| Postal code | 5370 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91064B0250/00V000 | Wallonia | 1,012 m² | 1 · 93 m² | - |
| 83012A0089/00W000 | Wallonia | 632 m² | 1 · 117 m² | - |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-01-2024 Registered office moved within Havelange
- Avenue de Criel(H) 49 : 5370 Havelange → Avenue de Criel 49, 5370 Havelange
Technical details
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"events": [
{
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"city": "Havelange",
"region": "waals_gewest",
"street": "Avenue de Criel",
"country": "BE",
"postcode": "5370",
"box_number": null,
"street_number": "49",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue de Criel(H) 49 : 5370 Havelange",
"city": "Havelange",
"region": "waals_gewest",
"street": "Avenue de Criel",
"country": "BE",
"postcode": "5370",
"box_number": null,
"street_number": "49",
"locality_suffix": "(H)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
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},
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "unite_exploitation",
"new_address": {
"raw": "6940 B-Durbuy, Place aux Foires, 24",
"city": "Durbuy",
"region": "waals_gewest",
"street": "Place aux Foires",
"country": "BE",
"postcode": "6940",
"box_number": null,
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"locality_suffix": "B-Durbuy"
},
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}
],
"notary": {
"name": "Patrick LAMBINET",
"firm_city": null,
"firm_name": null,
"office_city": "Ciney",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-01-24",
"filing_date": "2024-01-22",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-12-20",
"unanimous": true
},
"subject_company": {
"kbo": "0862.382.458",
"name_full": "THIMAX",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
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"org_name": null,
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"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"exp\u00E9dition de l\u0027acte",
"rapport justificatif de l\u0027organe d\u0027administration",
"texte des statuts coordonn\u00E9s"
]
}| Legal nameFR | THIMAX |