Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Thiry Paints Oost-Vlaanderen from Mechelen, company number BE0654985372, closed financial year 2025 with a result of € -438,525 after tax. For that financial year Thiry Paints Oost-Vlaanderen recorded revenue of € 13.7 million and equity of € 97,141. Compared with financial year 2024, the result moved from € -301,640 to € -438,525. The company made a loss. The buffer shrank hard: equity is 82 % 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.
€ 97,141
▼ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -438,525
▼ 45 % more loss than in 2024
Profit after tax over the fiscal year.
€ 50,137
▲ 159% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 51,441.
People and assets in 2025
32.7
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 1% vs 2024
€ 69,200 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.
€ 94,184
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.5 million
▼ 5% vs 2024
€ 620,328 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 634,453
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 356,008
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 13,042,481 | € 13,702,781 | ▲ 5% |
| Gross margin | € 2,398,546 | € 2,900,060 | - | - | |
| Profit after taxes | € -57,452 | € 51,584 | € -301,640 | € -438,525 | ▼ € 136,885 |
| Equity | € 785,722 | € 837,306 | € 535,666 | € 97,141 | ▼ 82% |
| Total debts | € 6,973,445 | € 7,134,548 | € 7,653,530 | € 7,517,518 | ▼ 2% |
| Cash | € 31,334 | € 18,975 | € 19,390 | € 50,137 | ▲ 159% |
| Retained profit | € 740,022 | € 791,605 | € 489,966 | € 51,441 | ▼ 90% |
| Bank debt | € 5,663,691 | € 6,362,765 | € 6,882,592 | € 6,524,966 | ▼ 5% |
| Balance sheet total | € 7,854,168 | € 8,006,854 | € 8,224,197 | € 7,614,660 | ▼ 7% |
| Employees (FTE) | 26.2 | 28.4 | 32.3 | 32.7 | ▲ 0.4 |
Key figures of Thiry Paints Oost-Vlaanderen, 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 Oost-Vlaanderen?
What happened at Thiry Paints Oost-Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 438,525. filed late Source: NBB ↗
- New establishment in Lokeren. KBO
- New establishment in Temse. KBO
- Patrick Van Pée became a director. NBB
- David Hautekeete became a director. NBB
- New establishment in Gent. KBO
- Guido Van Pée became a director. NBB
- New establishment in Erpe-Mere. KBO
In short
From € 57,452 loss in 2022 to € 438,525 loss in 2025.
Paid € 59,138 in corporate taxes since 2022.
Best year ever: 2023, with € 51,584 profit.
On average € 102,100 of value added per employee in 2023.
A new publication or filing at Thiry Paints Oost-Vlaanderen? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Thiry Paints Oost-Vlaanderen are Patrick Van Pée, David Hautekeete and Guido Van Pée. The shares are held by Thiry Paints For Professionals (100%).
Directors
According to the 2025 annual accounts
Patrick Van Pée
Director
Also active at: Novelta, Thiry Paints West-Vlaanderen, Thiry Paints For Professionals, Thiry Paints Limburg, Thiry Paints Antwerpen, DISTRIPAINTS, BN&F, PVP Projects +1 more
since 2021
David Hautekeete
Director
since 2021
Guido Van Pée
Director
Also active at: Longerstaey, VIVALAC, Firma Paul Thiry, Thiry Paints West-Vlaanderen, Thiry Paints For Professionals, FINANCE TRADE INVESTMENT, RIDORA, ALINTER +10 more
since 2017
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Eikestraat 62
2800 Mechelen
Neringsweg 5
9820 Merelbeke-Melle
Active since 1 October 2003
Bosstraat 186 box A
9420 Erpe-Mere
Active since 6 January 2017
Brusselsesteenweg 646
9050 Gent
Active since 25 May 2016
Albrechtlaan 74
9300 Aalst
Active since 25 May 2016
Ottergemsesteenweg-Zuid 727
9000 Gent
Active since 1 October 2020
Laagstraat 1
9140 Temse
Active since 1 October 2021
Zelebaan 106
9160 Lokeren
Active since 27 July 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0654.985.372
- VAT number
- BE 0654.985.372
- Registered office
- Eikestraat 62, 2800 Mechelen
- Names & denominations
- Thiry Paints Oost-Vlaanderen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2016
- Peppol
- Active · Active since 10 Dec 2024
- Activities · NACE
Groothandel in behang, verf en woningtextiel
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