T.H CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of T.H CONSTRUCT is 2.4% (moderate). The 2024 annual accounts show equity of €77,135 and a net result of €29,208. Its solvency ranks better than 95% of 36386 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 104 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | - | €594,784 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €549,362 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,189 | - |
| Other operating charges640/8 | - | €949 | - |
| Non-recurring operating charges66A | - | €12,609 | - |
| Gross operating margin9900 | €53,646 | €46,121 | ▼ 14.0% |
| Operating profit (loss)9901 | €53,646 | €31,374 | ▼ 41.5% |
| Financial income75/76B | €74 | - | - |
| Recurring financial income75 | €74 | - | - |
| Financial charges65/66B | €11,559 | €415 | ▼ 96.4% |
| Recurring financial charges65 | €11,559 | €415 | ▼ 96.4% |
| Profit (loss) for the period before taxes9903 | €42,161 | €30,959 | ▼ 26.6% |
| Income taxes67/77 | - | €1,751 | - |
| Profit (loss) for the period9904 | €42,161 | €29,208 | ▼ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €42,161 | €29,208 | ▼ 30.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €52,648 | €82,390 | ▲ 56.5% |
| Fixed assets21/28 | - | €4,161 | - |
| Tangible fixed assets22/27 | - | €4,161 | - |
| Furniture and vehicles24 | - | €4,161 | - |
| Current assets29/58 | €52,648 | €78,229 | ▲ 48.6% |
| Amounts receivable within one year40/41 | €50,149 | €53,404 | ▲ 6.5% |
| Trade receivables40 | €21,703 | €18,061 | ▼ 16.8% |
| Other amounts receivable41 | €28,447 | €35,343 | ▲ 24.2% |
| Cash at bank and in hand54/58 | €2,498 | €24,826 | ▲ 894% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €52,648 | €82,390 | ▲ 56.5% |
| Equity10/15 | €47,928 | €77,135 | ▲ 60.9% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €46,428 | €75,635 | ▲ 62.9% |
| Amounts payable17/49 | €4,720 | €5,255 | ▲ 11.3% |
| Amounts payable within one year42/48 | €4,720 | €5,255 | ▲ 11.3% |
| Trade debts44 | €4,720 | €5,255 | ▲ 11.3% |
| Suppliers440/4 | €4,720 | €5,255 | ▲ 11.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €42,161 | €29,208 | ▼ 30.7% |
| + Depreciation and write-downs630 | - | €1,189 | - |
| Operating cash flow (approximation) | €42,161 | €30,397 | ▼ 27.9% |
| Change in cash | - | €22,327 | - |
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
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.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stwg. op Vilvoorde 4741745 Opwijk1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.