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 28 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Thiry Paints Limburg from Herent, company number BE0453553291, closed financial year 2025 with a result of € -436,529 after tax. For that financial year Thiry Paints Limburg recorded a gross margin of € 1.4 million and equity of € 245,420. Compared with financial year 2024, the result moved from € -333,795 to € -436,529. The company made a loss. The buffer shrank hard: equity is 64 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.
€ 245,420
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -436,529
▼ 31 % more loss than in 2024
Profit after tax over the fiscal year.
€ 69,060
▲ € 56,996 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -565,718.
People and assets in 2025
24.7
▼ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 12% vs 2024
€ 58,900 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.
€ 97,299
▲ 172% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
▲ 22% vs 2024
€ 100,620 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 481,982
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 206,165
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 402,587 | € 1,484,352 | € 1,617,645 | € 1,421,904 | ▼ 12% |
| Profit after taxes | € 81,099 | € -79,110 | € -333,795 | € -436,529 | ▼ € 102,734 |
| Equity | € 285,118 | € 1,015,745 | € 681,949 | € 245,420 | ▼ 64% |
| Total debts | € 557,645 | € 1,382,505 | € 3,132,244 | € 3,722,565 | ▲ 19% |
| Cash | € 1,891 | € 4,657 | € 12,064 | € 69,060 | ▲ € 56,996 |
| Retained profit | € -14,882 | € 204,607 | € -129,188 | € -565,718 | ▼ € 436,529 |
| Bank debt | € 371,645 | € 832,325 | € 2,463,651 | € 3,012,304 | ▲ 22% |
| Balance sheet total | € 842,763 | € 2,402,747 | € 3,818,048 | € 3,971,197 | ▲ 4% |
| Employees (FTE) | 4.9 | 26.1 | 28.1 | 24.7 | ▼ 3.4 |
Key figures of Thiry Paints Limburg, 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 Thiry Paints Limburg?
What happened at Thiry Paints Limburg in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Van Pee stepped down as director. NBB
- Thiry Paints for Professionals stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 436,529. filed late Source: NBB ↗
- New establishment in Hasselt. KBO
- New establishment in Bilzen-Hoeselt. KBO
- Patrick Van Pee became a director. NBB
- Thiry Paints for Professionals became a director. NBB
- New establishment in Beringen. KBO
In short
From € 81,099 profit in 2022 to € 436,529 loss in 2025.
Paid € 5,615 in corporate taxes since 2022.
Best year ever: 2022, with € 81,099 profit.
On average € 57,600 of value added per employee in 2025.
Management
The stake of Thiry Paints For Professionals comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Thiry Paints LimburgThe shares are held by Thiry Paints For Professionals (100%).
Directors
According to the 2025 annual accounts
Patrick Van Pee
Director
Also active at: Novelta, Thiry Paints West-Vlaanderen, Thiry Paints For Professionals, Thiry Paints Antwerpen, DISTRIPAINTS, Thiry Paints Oost-Vlaanderen, BN&F, PVP Projects +1 more
since 2022 · until 2028
Thiry Paints for Professionals
Managing director · represented by Guido Van Pée
Also active at: Novelta, Thiry Paints West-Vlaanderen, André Thiry en Co, DISTRIPAINTS, D.-L. DISTRIBUTION
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 10
3020 Herent
Paalsesteenweg 313
3583 Beringen
Active since 15 April 2016
Paalsesteenweg 307
3583 Beringen
Active since 1 January 2021
Kuringersteenweg 510
3511 Hasselt
Active since 1 January 2023
Caetsbeekstraat 3
3740 Bilzen-Hoeselt
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Firma Paul Thiry
€ 395,432 gross margin · 2025
Thiry Paints For Professionals same network
€ 2.1 million revenue · 2025
FINANCE TRADE INVESTMENT
€ 186,038 gross margin · 2025
RIDORA
€ 187,182 gross margin · 2025
ALINTER
€ 755,608 gross margin · 2025
+5 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
- 0453.553.291
- VAT number
- BE 0453.553.291
- Registered office
- Brusselsesteenweg 10, 3020 Herent
- Names & denominations
- Thiry Paints Limburg
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1994
- Peppol
- Active · Active since 26 Nov 2024
- Contact
- [email protected] 016/234992
- Activities · NACE
Detailhandel in verf en verfwaren
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