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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THILL-ROYAUX from Sint-Gillis (bij-Brussel), company number BE0824386568, closed financial year 2025 with a result of € 8,453 after tax. For that financial year THILL-ROYAUX recorded a gross margin of € 14,131 and equity of € -7,857. Compared with financial year 2024, the result moved from € -16,358 to € 8,453. Profitable, and profit is growing. 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 3, 2026.
€ -7,857
▲ € 8,453 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,453
▲ still € 16,358 loss in 2024
Profit after tax over the fiscal year.
€ 10,916
▲ € 9,083 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -26,457.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 4,746
▲ 152% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 98,562
▲ € 90,055 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,838 | € -14,382 | € -9,529 | € 14,131 | ▲ € 23,660 |
| Profit after taxes | € 20,337 | € -21,388 | € -16,358 | € 8,453 | ▲ € 24,811 |
| Equity | € 21,435 | € 47 | € -16,311 | € -7,857 | ▲ € 8,453 |
| Total debts | € 94,670 | € 69,925 | € 72,154 | € 105,696 | ▲ 46% |
| Cash | € 14,145 | € 2,686 | € 1,833 | € 10,916 | ▲ € 9,083 |
| Land & buildings | € 2,151 | € 2,151 | € 2,151 | € 2,151 | |
| Retained profit | € 2,835 | € -18,553 | € -34,911 | € -26,457 | ▲ € 8,453 |
| Bank debt | € 0 | € 3,698 | € 4,962 | € 0 | ▼ 100% |
| Balance sheet total | € 116,105 | € 69,972 | € 55,843 | € 97,839 | ▲ 75% |
Key figures of THILL-ROYAUX, 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 THILL-ROYAUX?
What happened at THILL-ROYAUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,453. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- RAOUL BAUDIMONT became a director. NBB
In short
From € 20,337 profit in 2022 to € 8,453 profit in 2025.
Paid € 3,581 in corporate taxes since 2022.
Best year ever: 2022, with € 20,337 profit.
Management
Behind THILL-ROYAUX is RAOUL BAUDIMONT. RAOUL BAUDIMONT is also behind MR4OF.
Directors
According to the 2025 annual accounts
since 2010
Establishments
Establishment units
Physical locations of this company
Aquaductstraat 57A
1060 Sint-Gillis (bij-Brussel)
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- BALDIMONT Raoul Alexandre Pascal(oprichter) 50%
- ROYAUX Marc Raymond Ann(oprichter) 50%
Details
- Company number
- 0824.386.568
- VAT number
- BE 0824.386.568
- Registered office
- Aquaductstraat 57A, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- THILL-ROYAUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2010
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Groothandel in uurwerken en sieraden
Bewerken van diamant
Vervaardiging van sieraden
Vervaardiging van overige artikelen van edele metalen, neg
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Vervaardiging van edelsmeedwerk
Bewerken van edelstenen (muv diamant) en van halfedelstenen