Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 571,875.8 to 116.3.
Financials
Financial year 2025
BOULANGERIE THIRION from Binche, company number BE0729868184, closed financial year 2025 with a result of € -481,104 after tax. For that financial year BOULANGERIE THIRION recorded a gross margin of € 6.4 million and equity of € -467,692. Compared with financial year 2024, the result moved from € -133,388 to € -481,104. 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 July 22, 2026.
€ -467,692
▼ € 481,104 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -481,104
▼ 261 % more loss than in 2024
Profit after tax over the fiscal year.
€ 259,497
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -677,692.
People and assets in 2025
116.3
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.5 million
▲ 9% vs 2024
€ 56,200 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.
€ 111,389
▲ 7% vs 2024
Of which on lease € 2,627.
Debts at end 2025
€ 1.6 million
▲ 14% vs 2024
€ 813,869 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 598,924
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 621,525
▲ 89% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,286,906 | € 6,099,042 | € 6,118,243 | € 6,395,340 | ▲ 5% |
| Profit after taxes | € -153,341 | € 68,993 | € -133,388 | € -481,104 | ▼ € 347,716 |
| Equity | € -82,194 | € 66,799 | € 13,412 | € -467,692 | ▼ € 481,104 |
| Total debts | € 2,763,768 | € 2,642,345 | € 2,521,909 | € 2,868,694 | ▲ 14% |
| Cash | € 257,097 | € 480,534 | € 331,974 | € 259,497 | ▼ 22% |
| Land & buildings | € 810,474 | € 761,455 | € 719,646 | € 669,860 | ▼ 7% |
| Retained profit | € -132,194 | € -63,201 | € -196,588 | € -677,692 | ▼ € 481,104 |
| Bank debt | € 1,319,017 | € 1,554,725 | € 1,419,394 | € 1,613,811 | ▲ 14% |
| Balance sheet total | € 2,681,574 | € 2,709,144 | € 2,535,320 | € 2,401,001 | ▼ 5% |
| Employees (FTE) | - | 571,875.8 | 118.9 | 116.3 | ▼ 2.6 |
Key figures of BOULANGERIE THIRION, 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 BOULANGERIE THIRION?
What happened at BOULANGERIE THIRION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 481,104. Source: NBB ↗
- New establishment in Thuin. KBO
- New establishment in Erquelinnes. KBO
- New establishment in Quaregnon. KBO
- New establishment in La Louvière. KBO
- New establishment in Binche. KBO
- New establishment in Thuin. KBO
- New establishment in Binche. KBO
In short
From € 153,341 loss in 2022 to € 481,104 loss in 2025.
Paid € 8,109 in corporate taxes since 2022.
Best year ever: 2023, with € 68,993 profit.
On average € 55,000 of value added per employee in 2025.
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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
Establishments
Establishment units
Physical locations of this company
Place Claude Thirion(RES) 9
7134 Binche
Place Eugène Derbaix(BIN) 2
7130 Binche
Active since 9 July 2019
Rue 't Serstevens(THN) 20
6530 Thuin
Active since 9 July 2019
Rue Albert 1,Roi des Belges(L.L) 55
7100 La Louvière
Active since 27 September 2019
Rue Jules Destrée 51
7390 Quaregnon
Active since 1 April 2020
Route de Mons 227
6560 Erquelinnes
Active since 24 November 2020
Rue de Marchienne(GOZ) 212 box C
6534 Thuin
Active since 1 October 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0729.868.184
- VAT number
- BE 0729.868.184
- Registered office
- Place Claude Thirion(RES) 9, 7134 Binche
- Names & denominations
- BOULANGERIE THIRION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2019
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Industriële vervaardiging van brood en van vers banketbakkerswerk
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in chocolade en suikerwerk
Vervaardiging van cacao, chocolade en suikerwerk
Eetgelegenheden met beperkte bediening
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