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.
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Tight liquidity NBB
Cash and receivables cover 25 % 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 from Kortrijk, company number BE0413072619, closed financial year 2025 with a result of € -255,510 after tax. For that financial year THIERS recorded revenue of € 2.1 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -413,747 to € -255,510. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1.5 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -255,510
▲ 38 % less loss than in 2024
Profit after tax over the fiscal year.
€ 645,011
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 956,494.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 3.6 million
▼ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 194,331
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,083
▼ 69% 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 | |
|---|---|---|---|---|---|
| Revenue | - | € 2,936,941 | € 2,787,161 | € 2,104,979 | ▼ 24% |
| Gross margin | € 685,984 | € 31,973 | € 42,171 | € 244,085 | ▲ € 201,914 |
| Profit after taxes | € 151,143 | € -651,742 | € -413,747 | € -255,510 | ▲ € 158,237 |
| Equity | € 2,797,493 | € 2,145,751 | € 1,732,004 | € 1,476,494 | ▼ 15% |
| Total debts | € 9,649,640 | € 10,230,982 | € 10,134,241 | € 8,729,048 | ▼ 14% |
| Cash | € 1,270,989 | € 411,968 | € 902,272 | € 645,011 | ▼ 29% |
| Land & buildings | € 997,130 | € 894,819 | € 792,508 | € 690,197 | ▼ 13% |
| Retained profit | € 2,277,493 | € 1,625,751 | € 1,212,004 | € 956,494 | ▼ 21% |
| Bank debt | € 4,423,219 | € 4,144,056 | € 5,001,384 | € 3,607,233 | ▼ 28% |
| Balance sheet total | € 12,447,133 | € 12,376,733 | € 11,866,245 | € 10,205,542 | ▼ 14% |
Key figures of THIERS, 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?
What happened at THIERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 255,510. 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 € 151,143 profit in 2022 to € 255,510 loss in 2025.
Paid € 3,201 in corporate taxes since 2022.
Best year ever: 2022, with € 151,143 profit.
Management
The stake of THIERS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THIERSBehind THIERS are Thiers Invest BV and FREJUT Comm.V. The shares are held by THIERS INVEST (99.8%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Thiers
Also active at: Thiers Properties, Stasegemse Bouwmaatschappij, MARINALYS, SEA FLOWER, RONSIM, ARDINVEST, STAD EN MILIEU, DE LIJSTERBESSE +4 more
since 2023
Director · represented by Frederiek Thiers
Also active at: Thiers Properties, Stasegemse Bouwmaatschappij, MARINALYS, RONSIM, ARDINVEST, STAD EN MILIEU, DE LIJSTERBESSE, THIERS INVEST +3 more
since 2023
Shareholders
99.8%
Participations
No participations in other companies reported.
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 Properties same network
€ 189,708 gross margin · 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
- 0413.072.619
- VAT number
- BE 0413.072.619
- Registered office
- Dam(Kor) 10, 8500 Kortrijk
- Names & denominations
- THIERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 1973
- Peppol
- Active · Active since 27 Aug 2023
- Activities · NACE
Bemiddelingsactiviteiten in verband met zakelijke dienstverlening, neg
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van bouwarchitecten
Ontwikkeling van residentiële bouwprojecten
Overige zakelijke dienstverlening, neg