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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THINABO from Boechout, company number BE0436750319, closed financial year 2025 with a result of € -178,699 after tax. For that financial year THINABO recorded a gross margin of € 82,177 and equity of € -233,208. Compared with financial year 2024, the result moved from € 10,529 to € -178,699. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -233,208
▼ € 178,699 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -178,699
▼ still € 10,529 profit in 2024
Profit after tax over the fiscal year.
€ 18,659
▲ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -275,208.
People and assets in 2025
€ 188,423
▲ € 143,111 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 59,144
▲ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 937,956
▲ 20% vs 2024
€ 132,800 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 180,596
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,275
▲ 90% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,215 | € 45,387 | € 91,831 | € 82,177 | ▼ 11% |
| Profit after taxes | € -11,060 | € 5,606 | € 10,529 | € -178,699 | ▼ € 189,227 |
| Equity | € -70,644 | € -65,038 | € -54,509 | € -233,208 | ▼ € 178,699 |
| Total debts | € 607,433 | € 893,524 | € 1,211,436 | € 1,658,042 | ▲ 37% |
| Cash | € 324 | € 25,885 | € 12,272 | € 18,659 | ▲ 52% |
| Land & buildings | € 526,751 | € 793,499 | € 883,747 | € 873,072 | ▼ 1% |
| Retained profit | € -112,644 | € -107,038 | € -96,509 | € -275,208 | ▼ € 178,699 |
| Bank debt | € 600,000 | € 831,995 | € 783,202 | € 937,956 | ▲ 20% |
| Balance sheet total | € 536,789 | € 828,486 | € 1,156,927 | € 1,424,834 | ▲ 23% |
Key figures of THINABO, 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 THINABO?
What happened at THINABO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 178,699 (▼ € 189,227 vs 2024). Source: NBB ↗
- New establishment in Lier. KBO
- New establishment in Boechout. KBO
- Olinde Pittoors became a director. NBB
- New establishment in Lier. KBO
- Charles Thys became a director. NBB
- Toon Jacobs became a director. NBB
- New establishment in Boechout. KBO
In short
From € 11,060 loss in 2022 to € 178,699 loss in 2025.
Paid € 135 in corporate taxes since 2022.
Best year ever: 2024, with € 10,529 profit.
Management
Behind THINABO are Charles Thys, Olinde Pittoors and Toon Jacobs. Olinde Pittoors is also behind INCEPTIO.
Directors
According to the 2025 annual accounts
Charles Thys
Director
since 2023
since 2025
Toon Jacobs
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Boshoek 331
2530 Boechout
Lintsesteenweg 18
2500 Lier
Active since 8 November 2023
Mechelsesteenweg 346
2500 Lier
Active since 1 August 2025
Wommelgemsesteenweg 69
2531 Boechout
Active since 1 August 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.750.319
- VAT number
- BE 0436.750.319
- Registered office
- Boshoek 331, 2530 Boechout
- Names & denominations
- THINABO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 1989
- Peppol
- Active · Active since 15 Feb 2026
- Activities · NACE
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