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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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THL ASSUR from Malmedy, company number BE0673959958, closed financial year 2025 with a result of € 109,631 after tax. For that financial year THL ASSUR recorded a gross margin of € 110,231 and equity of € 172,522. Compared with financial year 2024, the result moved from € 61,994 to € 109,631. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 172,522
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,631
▲ 77% vs 2024
Profit after tax over the fiscal year.
€ 79,663
▲ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
91 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 52,203
▲ € 48,896 vs 2024
Of which on lease € 52,203.
Debts at end 2025
€ 254,555
▲ 5% vs 2024
€ 51,746 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 6,886
▼ 18% 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 | € 38,856 | € 41,685 | € 58,129 | € 110,231 | ▲ 90% |
| Profit after taxes | € 38,893 | € 42,613 | € 61,994 | € 109,631 | ▲ 77% |
| Equity | € 100,283 | € 130,896 | € 162,891 | € 172,522 | ▲ 6% |
| Total debts | € 109,819 | € 95,240 | € 277,255 | € 361,713 | ▲ 30% |
| Cash | € 19,679 | € 19,594 | € 44,854 | € 79,663 | ▲ 78% |
| Land & buildings | - | - | - | € 677 | |
| Retained profit | € 81,683 | € 112,296 | € 149,291 | € 158,922 | ▲ 6% |
| Dividend | € 12,000 | € 12,000 | € 25,000 | € 100,000 | ▲ 300% |
| Bank debt | € 92,962 | € 77,007 | € 241,759 | € 254,555 | ▲ 5% |
| Balance sheet total | € 210,102 | € 226,136 | € 440,146 | € 534,235 | ▲ 21% |
Key figures of THL ASSUR, 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 THL ASSUR?
What happened at THL ASSUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 109,631 (▲ 77% vs 2024). Source: NBB ↗
- New establishment in Waimes. KBO
- Lucien PIROTTE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 38,893 profit in 2022 to € 109,631 profit in 2025.
Paid € 68,232 in corporate taxes since 2022.
Best year ever: 2025, with € 109,631 profit.
Paid out € 149,000 in dividends to the owners in total.
Management
Behind THL ASSUR is Lucien PIROTTE. It owns 30% of FLEXIA SRL itself.
Directors
According to the 2025 annual accounts
since 2017
Establishments
Establishment units
Physical locations of this company
Otaimont 2 box A
4960 Malmedy
Rue de Hottleux 76
4950 Waimes
Active since 6 April 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.959.958
- VAT number
- BE 0673.959.958
- Registered office
- Otaimont 2 bus A, 4960 Malmedy
- Names & denominations
- THL ASSUR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 April 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van gemengde verzekeringsondernemingen, overwegend leven