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 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
THORNSETT BELGIUM from Ukkel, company number BE0876022143, closed financial year 2025 with a result of € 0 after tax. Compared with financial year 2024, the result moved from € -743,098 to € 0. Around break-even. 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 August 31, 2026.
€ -638,583
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
▲ still € 743,098 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -878,583.
Debts at end 2025
€ 394,634
Loans from banks and other lenders, long and short.
€ 61,253
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € -152,177 | - | |
| Profit after taxes | € 0 | € 0 | € -743,098 | € 0 | ▲ € 743,098 |
| Equity | € 104,515 | € 104,515 | € -638,583 | € -638,583 | |
| Total debts | € 1,050,469 | € 1,050,469 | € 638,651 | € 638,651 | |
| Cash | € 80,443 | € 80,443 | - | - | |
| Retained profit | € -135,485 | € -135,485 | € -878,583 | € -878,583 | |
| Bank debt | € 806,452 | € 806,452 | € 394,634 | € 394,634 | |
| Balance sheet total | € 1,154,984 | € 1,154,984 | € 67 | € 67 |
Key figures of THORNSETT BELGIUM, 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 THORNSETT BELGIUM?
What happened at THORNSETT BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 0. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 0 profit in 2022 to € 0 profit in 2025.
Paid € 22 in corporate taxes since 2022.
A new publication or filing at THORNSETT BELGIUM? 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 THORNSETT BELGIUM are Gerard CUNNINGHAM and Denis CUNNINGHAM. The same people are also behind FRANCART PROPERTY INVESTMENTS. Gerard CUNNINGHAM is also behind IMMO BELLIARD, WEMAERE WELLENS and BELLIARD GROUP HOLDINGS.
Directors
According to the 2025 annual accounts
Gerard CUNNINGHAM
Manager
Also active at: IMMO BELLIARD, FRANCART PROPERTY INVESTMENTS, WEMAERE WELLENS, BELLIARD GROUP HOLDINGS
Establishments
Establishment units
Physical locations of this company
Winston Churchilllaan 28 box 7
1180 Ukkel
Etterbeeksesteenweg 62
1040 Brussel
Active since 17 November 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →ASMODEE EDERN
€ 18,908 gross margin · 2025
Saphir Estate
€ -39,625 gross margin · 2025
KERBIHANA
Arbitrall
€ -1,114 gross margin · 2025
A.C.C.K
€ 11,693 gross margin · 2025
+6 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
- 0876.022.143
- VAT number
- BE 0876.022.143
- Registered office
- Winston Churchilllaan 28 bus 7, 1180 Ukkel
- Names & denominations
- THORNSETT BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2005
- Peppol
- Not registered