VINCENT THUNUS
ActiveSummary
VINCENT THUNUS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €152k and a net result of €40k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 74% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+8
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 6.89 in 2023; short-term debt: 28.7% and cash: 65% of total assets), and 32% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
47 d early
2022
46 d early
2021
22 d late
2020
26 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€152k=
2023 · €152k
2018: €53k
2019: €70k
2020: €91k
2021: €116k
2022: €131k
2023: €152k
2018 → 2024
Total assets
€223k▲ 17.5%
2023 · €190k
2018: €142k
2019: €125k
2020: €162k
2021: €189k
2022: €183k
2023: €190k
2018 → 2024
Net result
€40k▲ 87.7%
2023 · €21k
2018: €19k
2019: €18k
2020: €21k
2021: €26k
2022: €16k
2023: €21k
2018 → 2024
Working capital
€136k▼ 4.8%
2023 · €143k
2018: €48k
2019: €64k
2020: €85k
2021: €103k
2022: €119k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€91k-€116k▲ 27.9%€131k▲ 13.4%€152k▲ 15.5%€152k=
Operating result€29k-€33k▲ 14.5%€21k▼ 36.0%€28k▲ 32.3%€47k▲ 65.0%
Net result€21k-€26k▲ 23.5%€16k▼ 37.6%€21k▲ 29.9%€40k▲ 87.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 65% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €223k
Fixed assets
€23k ▲ 1.7%
Current assets
€201k ▲ 19.6%
Equity and liabilities €223k
Equity
€152k =
Debt
€71k ▲ 87.0%
Debt's share of the balance-sheet total rises from 20.1% to 32.0%. Debt is higher.
Key figures and ratios
EBITDA
€56k▲
2023 · €44k
Cash flow
€49k▲
2023 · €37k
Current ratio
3.13▼
2023 · 6.89
Quick ratio
2.84▼
2023 · 5.84
Debt to equity
0.47▲
2023 · 0.25
ROE
26.1%▲
2023 · 13.9%
ROA
17.8%▲
2023 · 11.1%
Interest coverage
56.54▲
2023 · 47.45
Debt ≤ 1 year
€64k▲
2023 · €24k
Debt > 1 year
€7k▼
2023 · €13k
Income taxes
€7k▼
2023 · €8k
Staff costs
€73k▲
2023 · €25k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€190k€223k▲
Fixed assets21/28€22k€23k▲
Tangible fixed assets22/27€22k€23k▲
Land and buildings22-€574
Plant, machinery and equipment23€7k€12k▲
Furniture and vehicles24€12k€7k▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€168k€201k▲
Stocks and contracts in progress3€26k€19k▼
Stocks30/36€21k€19k▼
Contracts in progress37€5k-
Amounts receivable within one year40/41€88k€32k▼
Trade receivables40€84k€27k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€52k€145k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€190k€223k▲
Equity10/15€152k€152k=
Contributions10/11€19k€19k=
Reserves13€133k€133k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€131k€131k=
Amounts payable17/49€38k€71k▲
Amounts payable after more than one year17€13k€7k▼
Financial debts170/4€13k€7k▼
Amounts payable within one year42/48€24k€64k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€2k-
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€7k€51k▲
Accrued charges and deferred income492/3€523€734▲
Income statement
Code20232024
Remuneration, social security and pensions62€25k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€832€2k▲
Gross operating margin9900€70k€131k▲
Operating profit (loss)9901€28k€47k▲
Financial income75/76B€2k€830▼
Recurring financial income75€2k€830▼
Financial charges65/66B€935€987▲
Recurring financial charges65€935€987▲
Profit (loss) for the period before taxes9903€29k€47k▲
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€21k€40k▲
Profit (loss) for the period to be appropriated9905€21k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€40k▲
Transfer to equity691/2€20k-
To the legal reserve6920€20k-
Profit to be distributed694/7€800€40k▲
Return on contributions (dividend)694€800€40k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €40k ▲87.7%
Operating result €47k, net result €40k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €152k ▲15.5%
6 profitable years in a row build equity to €152k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €16k ▼37.6%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €100kEq €116k ▲27.9%
4 profitable years in a row build equity to €116k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 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, Malmedy · 1 establishment unit since 2014
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.
Boussire - Rue des Hêtres 24960 Malmedy1 establishment unit
Vincent THUNUS
since 20142.232.700.468
Similar companies · same sector, comparable size
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BE 0445.488.435
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B & B WORKS
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WB Construct
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MR PROJECTS
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,623 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 (pre-2019)
Founded29-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
20300Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Scores and ratios are computed by Checked and are not a credit decision.