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 49 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
HOUTHANDEL THIELS from Herselt, company number BE0416683195, closed financial year 2025 with a result of € -34,047 after tax. For that financial year HOUTHANDEL THIELS recorded a gross margin of € 240,779 and equity of € 390,021. Compared with financial year 2024, the result moved from € -8,367 to € -34,047. 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 9, 2026.
€ 390,021
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,047
▼ 307 % more loss than in 2024
Profit after tax over the fiscal year.
€ 76,118
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 328,021.
People and assets in 2025
1
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 67,671
▲ 56% vs 2024
€ 67,700 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.
€ 529,929
▼ 19% vs 2024
Of which on lease € 515,835.
Debts at end 2025
€ 695,435
▼ 18% vs 2024
€ 155,619 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 134,810
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,372
▼ 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 | € 357,840 | € 243,029 | € 257,201 | € 240,779 | ▼ 6% |
| Profit after taxes | € 26,919 | € -28,559 | € -8,367 | € -34,047 | ▼ € 25,680 |
| Equity | € 460,995 | € 432,436 | € 424,069 | € 390,021 | ▼ 8% |
| Total debts | € 1,459,736 | € 1,374,195 | € 1,005,585 | € 836,043 | ▼ 17% |
| Cash | € 91,661 | € 79,322 | € 81,664 | € 76,118 | ▼ 7% |
| Land & buildings | € 236,755 | € 218,507 | € 207,655 | € 197,131 | ▼ 5% |
| Retained profit | € 398,995 | € 370,436 | € 362,069 | € 328,021 | ▼ 9% |
| Dividend | € 4,500 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,235,336 | € 1,069,008 | € 844,496 | € 695,435 | ▼ 18% |
| Balance sheet total | € 1,920,732 | € 1,806,630 | € 1,429,654 | € 1,226,065 | ▼ 14% |
| Employees (FTE) | 1 | 0.8 | 0.7 | 1 | ▲ 0.3 |
Key figures of HOUTHANDEL THIELS, 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 HOUTHANDEL THIELS?
What happened at HOUTHANDEL THIELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- John Thiels stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34,047. Source: NBB ↗
- John Thiels became a director. NBB
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,919 profit in 2022 to € 34,047 loss in 2025.
Paid € 4,667 in corporate taxes since 2022.
Best year ever: 2022, with € 26,919 profit.
On average € 240,800 of value added per employee in 2025.
Management
Behind HOUTHANDEL THIELS is Dirk Schauwaers.
Directors
According to the 2025 annual accounts
Dirk Schauwaers
Director
John Thiels
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Witputstraat 5
2230 Herselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0416.683.195
- VAT number
- BE 0416.683.195
- Registered office
- Witputstraat 5, 2230 Herselt
- Names & denominations
- HOUTHANDEL THIELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1976
- Peppol
- Active · Active since 16 Oct 2026
- Contact
- thiels.be
- Activities · NACE
Groothandel in hout
Zagen en schaven van hout