Investments
€5,350 4.5 × depreciation
Green is investment, beige is depreciation.
T.H CONSTRUCT
Lifetime
2 annual accounts with figures on one time axispeak €53,646 (2023)
€46,121▼ 14.0%
peak €42,161 (2023)
€29,208▼ 30.7%
peak €77,135 (2024)
€77,135▲ 60.9%
€5,255▲ 11.3%
Board1 name since 2022
1 director
Documentsfilings and deeds
07-10-202568 days late
2024micro format
Gross margin from €53,646 to €46,121Result from €42,161 to €29,208Equity from €47,928 to €77,135Cash from €2,498 to €24,826
Key points
from the 2024 annual accountsLiquidity
14.89 was 11.15 in 2023
Short-term debts rose from €4,720 to €5,255.
Position in the sector
93.6%
Higher solvency than 95% of companies in specialised construction. Sector median 46.6% · 36,050 companies.
2025 accounts not filed, 107 days past the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,326 companies had the same profile as T.H CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,326 companies, not a prediction for T.H CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781990838
Incorporation
Founding capital of €1,500, 100 shares · Founder: · Appointment: (director) · published on 17-02-2022 · Gazette deed
First establishment
Stwg. op Vilvoorde 474, Opwijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| T.H CONSTRUCT Opwijk | €594,784 | 5.3% | 93.6% | - |
| NSL Projects Opwijk | - | - | 15.1% | - |
| ISO POLAR Dilbeek | - | - | 67.4% | - |
| MET 26 Kortenberg | - | - | 45.5% | - |
| SIMA Beringen | - | - | 39.3% | - |
| TOITURE BAUWIN Binche | - | - | 36.8% | - |
| DUBOIS-TOITURE Braine-l'Alleud | €491,491 | 1.9% | -6.1% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as T.H CONSTRUCT: insulation installation (NACE 43230). They are comparable in size and age: total assets between €79,200 and €109,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 15-02-2022Normal situation
- Activity
- Insulation installationNACE 43230and 3 others
- Establishment unit
- 2.328.287.2381745 Opwijk, since 15-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on T.H CONSTRUCT
The 2024 annual accounts show equity of €77,135 and a net result of €29,208. Its solvency ranks better than 95% of 36,050 sector peers (NACE 43, financial year 2024).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about T.H CONSTRUCT
- What is the company number of T.H CONSTRUCT?
- The company number of T.H CONSTRUCT is 0781.990.838. The VAT number is the same number with BE in front: BE 0781.990.838.
- Where is T.H CONSTRUCT based?
- The registered office is at Stwg. op Vilvoorde 474, 1745 Opwijk.Company details
- What does T.H CONSTRUCT do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of T.H CONSTRUCT?
- T.H CONSTRUCT is a private limited company (BV).
- When was T.H CONSTRUCT founded?
- T.H CONSTRUCT was founded on 15-02-2022.
- Is T.H CONSTRUCT still active?
- Yes, T.H CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of T.H CONSTRUCT?
- The turnover of T.H CONSTRUCT was €594,784 in financial year 2024, according to the filed annual accounts.Financials
- Is T.H CONSTRUCT profitable?
- In financial year 2024, T.H CONSTRUCT made a profit of €29,208.
- Where can I find the annual accounts of T.H CONSTRUCT?
- T.H CONSTRUCT filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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