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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Thiers Properties from Kortrijk, company number BE0406203930, closed financial year 2025 with a result of € 96,251 after tax. For that financial year Thiers Properties recorded a gross margin of € 189,708 and equity of € 1 million. Compared with financial year 2024, the result moved from € 74,793 to € 96,251. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,251
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 38,371
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 981,995.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 34,854
▼ 89% vs 2024
€ 13,068 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 13,141
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,999
▲ 20% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 231,374 | € 77,655 | € 192,989 | € 189,708 | ▼ 2% |
| Profit after taxes | € 138,653 | € 3,105 | € 74,793 | € 96,251 | ▲ 29% |
| Equity | € 832,846 | € 835,951 | € 910,744 | € 1,006,995 | ▲ 11% |
| Total debts | € 2,298,971 | € 2,068,012 | € 2,014,388 | € 1,711,547 | ▼ 15% |
| Cash | € 202,277 | € 7,832 | € 260,118 | € 38,371 | ▼ 85% |
| Land & buildings | € 615,243 | € 592,731 | € 570,218 | € 547,706 | ▼ 4% |
| Retained profit | € 807,846 | € 810,951 | € 885,744 | € 981,995 | ▲ 11% |
| Bank debt | € 671,660 | € 456,582 | € 307,685 | € 34,854 | ▼ 89% |
| Balance sheet total | € 3,131,817 | € 2,903,963 | € 2,925,132 | € 2,718,542 | ▼ 7% |
Key figures of Thiers Properties, 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 Properties?
What happened at Thiers Properties in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,251 (▲ 29% vs 2024). Source: NBB ↗
- Thiers Invest BV became a director. NBB
- FREJUT Comm.V. became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 138,653 profit in 2022 to € 96,251 profit in 2025.
Paid € 95,763 in corporate taxes since 2022.
Best year ever: 2022, with € 138,653 profit.
Management
The stake of THIERS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Thiers PropertiesBehind Thiers Properties are Thiers Invest BV and FREJUT Comm.V.. The shares are held by THIERS INVEST (99.9%). It owns 99.9% of Ronsim itself.
Directors
According to the 2025 annual accounts
Director · represented by Thiers Lieven
Also active at: THIERS, Stasegemse Bouwmaatschappij, MARINALYS, SEA FLOWER, RONSIM, ARDINVEST, STAD EN MILIEU, DE LIJSTERBESSE +4 more
since 2023
Director · represented by Thiers Frederiek
Also active at: THIERS, Stasegemse Bouwmaatschappij, MARINALYS, RONSIM, ARDINVEST, STAD EN MILIEU, DE LIJSTERBESSE, THIERS INVEST +3 more
since 2023
Shareholders
99.9%
Participations
99.9%
Establishments
Establishment units
Physical locations of this company
Dam(Kor) 10
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →THIERS same network
€ 2.1 million revenue · 2025
Stasegemse Bouwmaatschappij same network
€ 27,500 revenue · 2025
MARINALYS same network
€ 25,201 gross margin · 2025
FIDUCIAIRE SECURAC B.V.B.A.
SEA FLOWER same network
€ -1,935 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.203.930
- VAT number
- BE 0406.203.930
- Registered office
- Dam(Kor) 10, 8500 Kortrijk
- Names & denominations
- Thiers Properties
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1968
- Peppol
- Active · Active since 27 Aug 2023