T.H.D.
ActiveSummary
T.H.D. has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351,004 and a net result of -€19,120. Equity has been shrinking by about 2.6% per year since 2019. Its solvency ranks better than 48% of 9,394 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 22-09-1987 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 3 others
- Establishment unit
- 2.029.746.675 8540 Deerlijk, since 14-10-1987
- Financial year end
- 30 June
- Peppol
- Reachable since 29-04-2025
Board and ownership
- Demeyer MichielManaging director
- Delbeke,SabineDirector · since 01-12-2023
- M.S.H.99%2022 annual accounts of M.S.H.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €4,396
- ▼ 2.2%
- Turnover
- ≈ €53,000
- estimated
- Loss
- €19,120
- ▼ 42.7%
- Equity
- €351,004
- ▼ 5.2%
- Total assets
- €858,683
- ▼ 3.7%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 1987Size: total assets €858,683Liquidity: current ratio 0.64, cash €205,633Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 49% of them on solvency, 53% on liquidity, 16% on profitability and 29% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€19,120 View
- Caution: Lower net result than 91% of companies in construction of buildingssector median €8,554 · 9,384 companies -€19,120 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed Reappointments: Demeyer Michiel (director) and Delbeke,Sabine (director)Appointment: Demeyer Michiel (managing director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as T.H.D.: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €628,000 and €1.2m, founded between 1988 and 1996.
| Company | Total assets | Gross margin |
|---|---|---|
| T.H.D. Deerlijk | €0.9m | €0.004m |
| IMMODEM Ternat | €0.8m | €0.005m |
| SELECT CONSTRUCT Courcelles | €0.8m | €0.004m |
| RAIFF CONSTRUCT Knokke-Heist | €0.9m | €0.005m |
| ROOSE - COLPAERT Diksmuide | €0.8m | €0.006m |
| HYLJA PROJECTS Oudsbergen | €0.6m | €0.003m |
| KONSTRUKTIEWERKHUIZEN RIJCKAERT Lievegem | €1.2m | €0.006m |
Key facts about T.H.D.
- What is the company number of T.H.D.?
- The company number of T.H.D. is 0432.044.334. The VAT number is the same number with BE in front: BE 0432.044.334.
- Where is T.H.D. based?
- The registered office is at De Cassinastraat 20, 8540 Deerlijk.Company details
- What does T.H.D. do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of T.H.D.?
- The legal form of T.H.D. is Public limited company (NV).
- When was T.H.D. founded?
- T.H.D. was founded on 22-09-1987.
- Is T.H.D. still active?
- Yes, T.H.D. is an active enterprise in the KBO register.
- What is the turnover of T.H.D.?
- The turnover in financial year 2025 is ≈ €53,000. This figure is estimated from the gross margin of €4,396 and 266 comparable companies (NACE 41001). It probably lies between €28,000 and €97,000. It is a rough estimate.Financials
- Is T.H.D. profitable?
- In financial year 2025, T.H.D. made a loss of €19,120.
- Where can I find the annual accounts of T.H.D.?
- T.H.D. filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of T.H.D. due?
- T.H.D. must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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