CTH
ActiveSummary
CTH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €-5k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-80
Solvency100=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.38 against 7.17 in 2024; short-term debt: 20.9% and cash: 89.6% of total assets), and 20.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.1%
Return on assets
-13.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
23 d early
2024
3 d early
2023
8 d early
2022
10 d early
2021
20 d late
2020
17 d late
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k
2024 · €4k
2018: €-28klowest in 8 years
2019: €-13k▲ +53.2% vs 2018
2020: €665▲ +105% vs 2019
2021: €6k▲ +732% vs 2020
2022: €9k▲ +64.5% vs 2021highest in 8 years
2023: €-4k▼ -145% vs 2022
2024: €4k▲ +206% vs 2023
2025: €-5k▼ -213% vs 2024
2018 → 2025
Working capital
€26k▼ 21.7%
2024 · €33k
2018: €15k
2019: €9k▼ -38.7% vs 2018lowest in 8 years
2020: €16k▲ +80.1% vs 2019
2021: €24k▲ +45.8% vs 2020
2022: €34k▲ +42.6% vs 2021highest in 8 years
2023: €30k▼ -11.5% vs 2022
2024: €33k▲ +12.9% vs 2023
2025: €26k▼ -21.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€34k▲ 36.5%€30k▼ 12.1%€34k▲ 14.5%€29k▼ 14.4%
2021: €25klowest in 5 years
2022: €34k▲ +36.5% vs 2021
2023: €30k▼ -12.1% vs 2022
2024: €34k▲ +14.5% vs 2023highest in 5 years
2025: €29k▼ -14.4% vs 2024
Operating result€6k-€9k▲ 55.6%€-4k€5k€-5k
2021: €6k
2022: €9k▲ +55.6% vs 2021highest in 5 years
2023: €-4k▼ -142% vs 2022
2024: €5k▲ +218% vs 2023
2025: €-5k▼ -204% vs 2024lowest in 5 years
Net result€6k-€9k▲ 64.5%€-4k€4k€-5k
2021: €6k
2022: €9k▲ +64.5% vs 2021highest in 5 years
2023: €-4k▼ -145% vs 2022
2024: €4k▲ +206% vs 2023
2025: €-5k▼ -213% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€3k ▲ 311%
Current assets
€34k ▼ 12.6%
Equity and liabilities €37k
Equity
€29k ▼ 14.4%
Debt
€8k ▲ 43.2%
Debt's share of the balance-sheet total rises from 13.7% to 20.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €5k
Cash flow
€-4k▼
2024 · €5k
Current ratio
4.38▼
2024 · 7.17
Debt to equity
0.26▲
2024 · 0.16
ROE
-16.8%▼
2024 · 12.7%
ROA
-13.3%▼
2024 · 10.9%
Interest coverage
-23.93▼
2024 · 37.10
Debt ≤ 1 year
€8k▲
2024 · €5k
Income taxes
€141▼
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40k€37k▼
Fixed assets21/28€752€3k▲
Tangible fixed assets22/27€752€3k▲
Furniture and vehicles24€752€2k▲
Other tangible fixed assets26-€2k
Current assets29/58€39k€34k▼
Amounts receivable within one year40/41€38k-
Trade receivables40€4k-
Other amounts receivable41€34k-
Cash at bank and in hand54/58-€33k
Deferred charges and accrued income490/1€904€781▼
Equity and liabilities
Total equity and liabilities10/49€40k€37k▼
Equity10/15€34k€29k▼
Contributions10/11€60k€60k=
Capital10€60k€60k=
Issued capital100€60k€60k=
Profit (loss) carried forward14€-26k€-31k▼
Amounts payable17/49€5k€8k▲
Amounts payable within one year42/48€5k€8k▲
Trade debts44€348€252▼
Suppliers440/4€348€252▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€967€1k▲
Taxes450/3€967€1k▲
Other amounts payable47/48€2k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€479€836▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€150-
Other operating charges640/8€974€1k▲
Non-recurring operating charges66A-€190
Gross operating margin9900€6k€-3k▼
Operating profit (loss)9901€5k€-5k▼
Financial income75/76B€3€196▲
Recurring financial income75€3€196▲
Financial charges65/66B€138€166▲
Recurring financial charges65€138€166▲
Profit (loss) for the period before taxes9903€5k€-5k▼
Income taxes67/77€174€141▼
Profit (loss) for the period9904€4k€-5k▼
Profit (loss) for the period to be appropriated9905€4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-31k▼
Profit (loss) brought forward from the previous period14P€-30k€-26k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €928 | €240 | €479 | €836 | ▲ 74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €150 | €150 | - | - |
| Other operating charges640/8 | €844 | €875 | €945 | €974 | €1k | ▲ 10.3% |
| Non-recurring operating charges66A | - | €62 | - | - | €190 | - |
| Gross operating margin9900 | €9k | €11k | €-3k | €6k | €-3k | ▼ 143% |
| Operating profit (loss)9901 | €6k | €9k | €-4k | €5k | €-5k | ▼ 204% |
| Financial income75/76B | - | - | €90 | €3 | €196 | ▲ 7,743% |
| Recurring financial income75 | - | - | €90 | €3 | €196 | ▲ 7,743% |
| Financial charges65/66B | €120 | €122 | €132 | €138 | €166 | ▲ 20.2% |
| Recurring financial charges65 | €120 | €122 | €132 | €138 | €166 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | €6k | €9k | €-4k | €5k | €-5k | ▼ 206% |
| Income taxes67/77 | €370 | €149 | €131 | €174 | €141 | ▼ 19.2% |
| Profit (loss) for the period9904 | €6k | €9k | €-4k | €4k | €-5k | ▼ 213% |
| Profit (loss) for the period to be appropriated9905 | €6k | €9k | €-4k | €4k | €-5k | ▼ 213% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €40k | €36k | €40k | €37k | ▼ 6.5% |
| Formation expenses20 | €121 | €0 | - | - | - | - |
| Fixed assets21/28 | €1k | €484 | €243 | €752 | €3k | ▲ 311% |
| Tangible fixed assets22/27 | €1k | €484 | €243 | €752 | €3k | ▲ 311% |
| Furniture and vehicles24 | €1k | €484 | €243 | €752 | €2k | ▲ 109% |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Current assets29/58 | €29k | €40k | €36k | €39k | €34k | ▼ 12.6% |
| Amounts receivable within one year40/41 | €360 | €490 | €49 | €38k | - | - |
| Trade receivables40 | €360 | €490 | €49 | €4k | - | - |
| Other amounts receivable41 | - | - | - | €34k | - | - |
| Cash at bank and in hand54/58 | €28k | €38k | €35k | - | €33k | - |
| Deferred charges and accrued income490/1 | €564 | €940 | €1k | €904 | €781 | ▼ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €40k | €36k | €40k | €37k | ▼ 6.5% |
| Equity10/15 | €25k | €34k | €30k | €34k | €29k | ▼ 14.4% |
| Contributions10/11 | €60k | €60k | €60k | €60k | €60k | = |
| Capital10 | - | - | €60k | €60k | €60k | = |
| Issued capital100 | - | - | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-35k | €-26k | €-30k | €-26k | €-31k | ▼ 19.1% |
| Amounts payable17/49 | €5k | €6k | €6k | €5k | €8k | ▲ 43.2% |
| Amounts payable within one year42/48 | €5k | €6k | €6k | €5k | €8k | ▲ 43.2% |
| Financial debts43 | - | €478 | €331 | - | - | - |
| Credit institutions430/8 | - | €478 | €331 | - | - | - |
| Trade debts44 | €685 | €677 | €272 | €348 | €252 | ▼ 27.5% |
| Suppliers440/4 | €685 | €677 | €272 | €348 | €252 | ▼ 27.5% |
| Advances received on contracts in progress46 | €1k | €2k | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | €479 | €2k | €296 | €967 | €1k | ▲ 48.7% |
| Taxes450/3 | €479 | €2k | €296 | €967 | €1k | ▲ 48.7% |
| Other amounts payable47/48 | €3k | €2k | €4k | €2k | €4k | ▲ 82.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €9k | €-4k | €4k | €-5k | ▼ 213% |
| + Depreciation and write-downs630 | €2k | €928 | €240 | €479 | €836 | ▲ 74.5% |
| Operating cash flow (approximation) | €7k | €10k | €-4k | €5k | €-4k | ▼ 185% |
| Investment in fixed assets (approximation) | - | €-121 | €0 | €-987 | €-3k | ▼ 222% |
| Change in cash | - | €11k | €-4k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €9k ▲64.5%
Operating result €9k, net result €9k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €665
Net result €665 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 8.66
Current ratio from 2.52 to 8.66; short-term debt falls from €6k to €2k.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jodoigne · 1 establishment unit since 2017
Ground area
1,726 m²
Building footprint
94 m²
Volume, LiDAR
569 m³
Parcel 25114A0553/00C000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CTH
since 20172.264.820.831
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25114A0553/00C000 | Wallonia | 1,726 m² | 1 · 94 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,448 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded06-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
85592Vocational training
86995Nutrition and dietetics services
Contact
E-mail
denis.meeus@hotmail.comJodoigne
Phone
0473/750714Jodoigne
Scores and ratios are computed by Checked and are not a credit decision.