THYS
ActiveTHYS has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €-26k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 38% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-48
Solvency48▼-13
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.58 in 2023), and 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
29.6%
Return on assets
-4.7%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€166k▼ 13.7%
2023 · €192k
2018: €244k
2019: €280k
2020: €205k
2021: €173k
2022: €173k
2023: €192k
2018 → 2024
Total assets
€561k▼ 11.6%
2023 · €634k
2018: €768k
2019: €634k
2020: €506k
2021: €410k
2022: €466k
2023: €634k
2018 → 2024
Net result
€-26k
2023 · €19k
2018: €-29k
2019: €37k
2020: €-75k
2021: €-32k
2022: €-24
2023: €19k
2018 → 2024
Working capital
€32k▼ 77.3%
2023 · €140k
2018: €135k
2019: €191k
2020: €132k
2021: €131k
2022: €90k
2023: €140k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€205k-€173k▼ 15.4%€173k=€192k▲ 10.7%€166k▼ 13.7%
Operating result€-81k-€-26k▲ 67.9%€6k€28k▲ 348%€-21k
Net result€-75k-€-32k▲ 58.2%€-24▲ 99.9%€19k€-26k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €21k after €28k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €561k
Fixed assets
€210k▼ 16.3%
Current assets
€351k▼ 8.4%
Equity and liabilities €561k
Equity
€166k▼ 13.7%
Debt
€395k▼ 10.6%
The debt ratio rises from 69.7% to 70.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€22k▼
2023 · €70k
Cash flow
€17k▼
2023 · €61k
Solvency
29.6%▼
2023 · 30.3%
Current ratio
1.10▼
2023 · 1.58
Quick ratio
0.46▼
2023 · 0.69
Debt / equity
2.38▲
2023 · 2.30
ROE
-15.9%▼
2023 · 9.7%
ROA
-4.7%▼
2023 · 2.9%
Interest coverage
1.57▼
2023 · 7.54
Debt
€395k▼
2023 · €442k
Debt ≤ 1 year
€319k▲
2023 · €243k
Debt > 1 year
€76k▼
2023 · €110k
Income taxes
€320▼
2023 · €417
Staff costs
€57k▼
2023 · €59k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€634k€561k▼
Fixed assets21/28€251k€210k▼
Tangible fixed assets22/27€251k€210k▼
Land and buildings22€103k€89k▼
Plant, machinery and equipment23€60k€50k▼
Furniture and vehicles24€61k€43k▼
Other tangible fixed assets26€27k€27k=
Current assets29/58€383k€351k▼
Stocks and contracts in progress3€215k€203k▼
Stocks30/36€215k€203k▼
Amounts receivable within one year40/41€132k€148k▲
Trade receivables40€132k€136k▲
Other amounts receivable41-€12k
Deferred charges and accrued income490/1€36k-
Equity and liabilities
Total equity and liabilities10/49€634k€561k▼
Equity10/15€192k€166k▼
Contributions10/11€620k€620k=
Capital10€620k€620k=
Issued capital100€620k€620k=
Reserves13€23k€23k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€11k€11k=
Profit (loss) carried forward14€-451k€-477k▼
Amounts payable17/49€442k€395k▼
Amounts payable after more than one year17€110k€76k▼
Financial debts170/4€110k€76k▼
Amounts payable within one year42/48€243k€319k▲
Current portion of amounts payable after more than one year42€62k€49k▼
Financial debts43-€89k
Credit institutions430/8-€89k
Trade debts44€38k€118k▲
Suppliers440/4€38k€118k▲
Advances received on contracts in progress46€41k€50k▲
Taxes, remuneration and social security45€6k€12k▲
Taxes450/3€116-
Remuneration and social security454/9€6k€12k▲
Other amounts payable47/48€97k-
Accrued charges and deferred income492/3€89k-
Income statement
Code20232024
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€59k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€43k▲
Other operating charges640/8€17k€18k▲
Gross operating margin9900€146k€97k▼
Operating profit (loss)9901€28k€-21k▼
Financial income75/76B€958€9k▲
Recurring financial income75€304€186▼
Non-recurring financial income76B€654€9k▲
Financial charges65/66B€10k€14k▲
Recurring financial charges65€9k€14k▲
Non-recurring financial charges66B€205€4▼
Profit (loss) for the period before taxes9903€19k€-26k▼
Income taxes67/77€417€320▼
Profit (loss) for the period9904€19k€-26k▼
Profit (loss) for the period to be appropriated9905€19k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-451k€-477k▼
Profit (loss) brought forward from the previous period14P€-469k€-451k▲
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-75k ▼305%
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heist-op-den-Berg · 1 establishment unit since 1982
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.
Industriepark 152220 Heist-op-den-BergGround area
9,776 m²
Building footprint
3,185 m²
Volume, LiDAR
12,907 m³
Parcel 12014K0342/00T000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Industriepark 15, 2220 Heist-op-den-Berg
since 19822.020.598.387
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0342/00T000 | Flanders | 9,776 m² | 1 · 3,185 m² | 6.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 19,931 EUR awarded · 19,931 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 750 EUR | 750 EUR |
| 2023 | 1 | 7,931 EUR | 7,931 EUR |
| 2022 | 1 | 11,250 EUR | 11,250 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 763 companies in sector 16281 we hold annual accounts for 157. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-01-1982
Fiscal year end31-12
Activities, NACEBEL
16281Manufacture of other wood products
20510
32300Other manufacturing
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.