THITUS
ActiveSummary
The computed 12-month bankruptcy probability of THITUS is 1.6% (moderate). The 2025 annual accounts show negative equity (€-109k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7058 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 0.12 in 2024; short-term debt: 86.9% and cash: 44.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-64.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-109k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
21 d late
2022
32 d late
2021
31 d late
2020
25 d late
2019
104 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-109k▼ 4.3%
2024 · €-105k
2018: €37k
2019: €39k▲ +3.0% vs 2018highest in 8 years
2020: €31k▼ -19.4% vs 2019
2021: €13k▼ -56.8% vs 2020
2022: €-11k▼ -185% vs 2021
2023: €-18k▼ -55.6% vs 2022
2024: €-105k▼ -493% vs 2023
2025: €-109k▼ -4.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€7k▼ 52.3%
2024 · €15k
2018: €49k
2019: €48k▼ -0.8% vs 2018
2020: €40k▼ -18.2% vs 2019
2021: €24k▼ -40.0% vs 2020
2022: €25k▲ +5.0% vs 2021
2023: €83k▲ +233% vs 2022highest in 8 years
2024: €15k▼ -82.5% vs 2023
2025: €7k▼ -52.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-4k▲ 94.8%
2024 · €-87k
2018: €-5k
2019: €1k▲ +124% vs 2018highest in 8 years
2020: €-7k▼ -771% vs 2019
2021: €-18k▼ -136% vs 2020
2022: €-24k▼ -35.7% vs 2021
2023: €-19k▲ +21.8% vs 2022
2024: €-87k▼ -365% vs 2023lowest in 8 years
2025: €-4k▲ +94.8% vs 2024
2018 → 2025
Working capital
€754
2024 · €-105k
2018: €29khighest in 8 years
2019: €22k▼ -22.8% vs 2018
2020: €17k▼ -24.9% vs 2019
2021: €-238▼ -101% vs 2020
2022: €-13k▼ -5442% vs 2021
2023: €-19k▼ -40.9% vs 2022
2024: €-105k▼ -465% vs 2023lowest in 8 years
2025: €754▲ +101% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€-11k€-18k▼ 55.6%€-105k▼ 493%€-109k▼ 4.3%
2021: €13khighest in 5 years
2022: €-11k▼ -185% vs 2021
2023: €-18k▼ -55.6% vs 2022
2024: €-105k▼ -493% vs 2023
2025: €-109k▼ -4.3% vs 2024lowest in 5 years
Operating result€-16k-€-22k▼ 37.1%€-17k▲ 23.1%€-84k▼ 396%€-4k▲ 95.8%
2021: €-16k
2022: €-22k▼ -37.1% vs 2021
2023: €-17k▲ +23.1% vs 2022
2024: €-84k▼ -396% vs 2023lowest in 5 years
2025: €-4k▲ +95.8% vs 2024highest in 5 years
Net result€-18k-€-24k▼ 35.7%€-19k▲ 21.8%€-87k▼ 365%€-4k▲ 94.8%
2021: €-18k
2022: €-24k▼ -35.7% vs 2021
2023: €-19k▲ +21.8% vs 2022
2024: €-87k▼ -365% vs 2023lowest in 5 years
2025: €-4k▲ +94.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €84k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€150 ▼ 69.7%
Current assets
€7k ▼ 51.7%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-84k
Cash flow
€-4k▲
2024 · €-87k
Current ratio
1.13▲
2024 · 0.12
Debt to equity
-1.06▲
2024 · -1.14
ROA
-64.7%▲
2024 · -599.6%
Interest coverage
-3.49▲
2024 · -32.75
Debt
€116k▼
2024 · €119k
Debt ≤ 1 year
€6k▼
2024 · €119k
Debt > 1 year
€110k
A ratio outside any meaningful range has been withheld (balance sheet total €7k, equity €-109k).
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€7k▼
Fixed assets21/28€493€150▼
Tangible fixed assets22/27€493€150▼
Furniture and vehicles24€493€150▼
Current assets29/58€14k€7k▼
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€6k€4k▼
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€628€23▼
Equity and liabilities
Total equity and liabilities10/49€15k€7k▼
Equity10/15€-105k€-109k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-125k€-130k▼
Amounts payable17/49€119k€116k▼
Amounts payable after more than one year17-€110k
Financial debts170/4-€110k
Amounts payable within one year42/48€119k€6k▼
Financial debts43€129€601▲
Credit institutions430/8€129€601▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€112k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€455€343▼
Other operating charges640/8€387€400▲
Gross operating margin9900€-84k€-3k▲
Operating profit (loss)9901€-84k€-4k▲
Financial income75/76B€0€8▲
Recurring financial income75€0€8▲
Financial charges65/66B€3k€923▼
Recurring financial charges65€3k€923▼
Profit (loss) for the period before taxes9903€-87k€-4k▲
Profit (loss) for the period9904€-87k€-4k▲
Profit (loss) for the period to be appropriated9905€-87k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-125k€-130k▼
Profit (loss) brought forward from the previous period14P€-38k€-125k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €455 | €343 | ▼ 24.6% |
| Other operating charges640/8 | €726 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €-5k | €-20k | €-15k | €-84k | €-3k | ▲ 96.6% |
| Operating profit (loss)9901 | €-16k | €-22k | €-17k | €-84k | €-4k | ▲ 95.8% |
| Financial income75/76B | €0 | €0 | €14 | €0 | €8 | - |
| Recurring financial income75 | €0 | €0 | €14 | €0 | €8 | - |
| Financial charges65/66B | €2k | €2k | €2k | €3k | €923 | ▼ 64.0% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | €923 | ▼ 64.0% |
| Profit (loss) for the period before taxes9903 | €-18k | €-24k | €-19k | €-87k | €-4k | ▲ 94.8% |
| Profit (loss) for the period9904 | €-18k | €-24k | €-19k | €-87k | €-4k | ▲ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-24k | €-19k | €-87k | €-4k | ▲ 94.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €25k | €83k | €15k | €7k | ▼ 52.3% |
| Fixed assets21/28 | €14k | €2k | €949 | €493 | €150 | ▼ 69.7% |
| Tangible fixed assets22/27 | €4k | €2k | €949 | €493 | €150 | ▼ 69.7% |
| Furniture and vehicles24 | €651 | €355 | €949 | €493 | €150 | ▼ 69.7% |
| Other tangible fixed assets26 | €3k | €2k | €0 | - | - | - |
| Financial fixed assets28 | €10k | €0 | - | - | - | - |
| Current assets29/58 | €10k | €23k | €82k | €14k | €7k | ▼ 51.7% |
| Amounts receivable within one year40/41 | €6k | €11k | €75k | €6k | €4k | ▼ 40.1% |
| Trade receivables40 | €5k | €11k | €75k | €6k | €4k | ▼ 40.1% |
| Other amounts receivable41 | €960 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €4k | €12k | €4k | €7k | €3k | ▼ 57.6% |
| Deferred charges and accrued income490/1 | €0 | €572 | €3k | €628 | €23 | ▼ 96.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €25k | €83k | €15k | €7k | ▼ 52.3% |
| Equity10/15 | €13k | €-11k | €-18k | €-105k | €-109k | ▼ 4.3% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €5k | €-19k | €-38k | €-125k | €-130k | ▼ 3.6% |
| Amounts payable17/49 | €10k | €36k | €101k | €119k | €116k | ▼ 2.6% |
| Amounts payable after more than one year17 | - | - | - | - | €110k | - |
| Financial debts170/4 | - | - | - | - | €110k | - |
| Amounts payable within one year42/48 | €10k | €36k | €101k | €119k | €6k | ▼ 94.9% |
| Financial debts43 | €1k | €1k | €555 | €129 | €601 | ▲ 367% |
| Credit institutions430/8 | €1k | €1k | €555 | €129 | €601 | ▲ 367% |
| Trade debts44 | €0 | €1k | €12k | €3k | €1k | ▼ 45.4% |
| Suppliers440/4 | €0 | €1k | €12k | €3k | €1k | ▼ 45.4% |
| Taxes, remuneration and social security45 | €9k | €10k | €15k | €5k | €3k | ▼ 38.5% |
| Taxes450/3 | €4k | €10k | €15k | €5k | €3k | ▼ 38.5% |
| Remuneration and social security454/9 | €5k | - | - | - | - | - |
| Other amounts payable47/48 | - | €23k | €73k | €112k | €1k | ▼ 99.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-24k | €-19k | €-87k | €-4k | ▲ 94.8% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €455 | €343 | ▼ 24.6% |
| Operating cash flow (approximation) | €-16k | €-22k | €-17k | €-87k | €-4k | ▲ 95.2% |
| Investment in fixed assets (approximation) | - | €10k | €-1k | €0 | €0 | - |
| Change in cash | - | €7k | €-7k | €3k | €-4k | ▼ 243% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Liquidity times 10current ratio 1.13
Current ratio from 0.12 to 1.13; short-term debt falls from €119k to €6k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Jette · 1 establishment unit since 2001
Ground area
673 m²
Building footprint
271 m²
Volume, LiDAR
6,583 m³
Parcel 21464E0031/00W009, Brussels · tallest building 28.4 m, ±8 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Jetse Laan 146, 1090 Jette
since 20012.098.678.835
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0031/00W009 | Brussels | 673 m² | 1 · 271 m² | 28.4 m · 8 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,311 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
Founded07-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.