Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Thiers-Horizon from Schoten, company number BE0404667766, closed financial year 2025 with a result of € -112,446 after tax. For that financial year Thiers-Horizon recorded a gross margin of € 709,133 and equity of € 570,481. Compared with financial year 2024, the result moved from € -105,649 to € -112,446. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 570,481
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -112,446
▼ 6 % more loss than in 2024
Profit after tax over the fiscal year.
€ 290,551
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 364,481.
People and assets in 2025
8
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 662,604
▼ 3% vs 2024
€ 82,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 69,407
▼ 54% vs 2024
Of which on lease € 35,093.
Debts at end 2025
€ 167,771
▼ 35% vs 2024
€ 38,648 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 802,183
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,201
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 700,213 | € 1,181,637 | € 778,645 | € 709,133 | ▼ 9% |
| Profit after taxes | € 136,518 | € 176,181 | € -105,649 | € -112,446 | ▼ € 6,798 |
| Equity | € 662,395 | € 838,576 | € 682,928 | € 570,481 | ▼ 16% |
| Total debts | € 1,175,461 | € 1,633,386 | € 1,237,409 | € 1,336,733 | ▲ 8% |
| Cash | € 260,706 | € 233,043 | € 284,366 | € 290,551 | ▲ 2% |
| Retained profit | € 456,395 | € 632,576 | € 476,928 | € 364,481 | ▼ 24% |
| Dividend | € 0 | € 0 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 268,502 | € 439,324 | € 258,109 | € 167,771 | ▼ 35% |
| Balance sheet total | € 1,837,856 | € 2,471,962 | € 1,920,336 | € 1,907,214 | ▼ 1% |
| Employees (FTE) | 6.2 | 7.8 | 7.6 | 8 | ▲ 0.4 |
Key figures of Thiers-Horizon, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Thiers-Horizon?
What happened at Thiers-Horizon in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kristof Vermeiren stepped down as director. NBB
- Frederic Vermeiren stepped down as director. NBB
- Julie Vermeiren stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 112,446. Source: NBB ↗
- Frederic Vermeiren became a director. NBB
- Julie Vermeiren became a director. NBB
- Kristof Vermeiren became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 136,518 profit in 2022 to € 112,446 loss in 2025.
Paid € 105,750 in corporate taxes since 2022.
Best year ever: 2023, with € 176,181 profit.
On average € 88,600 of value added per employee in 2025.
Management
The stake of 3VE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Thiers-HorizonThe shares are held by 3VE (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
since 2024 · until 2027
since 2024 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brechtsebaan 116
2900 Schoten
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.667.766
- VAT number
- BE 0404.667.766
- Registered office
- Brechtsebaan 116, 2900 Schoten
- Names & denominations
- Thiers-Horizon
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 1959
- Peppol
- Active · Active since 20 Mar 2025
- Activities · NACE
Installatie van isolatie
Isolatiewerkzaamheden
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment