T.P.H.
ActiveT.P.H. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €35k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-20
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.38 against 3.97 in 2024; short-term debt: 15.6% and cash: 35.9% of total assets), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.4%
Return on assets
9.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €306k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
18 d late
2023
35 d late
2022
4 d early
2021
29 d late
2020
30 d late
2019
66 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▼ 16.9%
2024 · €42k
2018: €20k
2019: €-7k
2020: €5k
2021: €32k
2022: €30k
2023: €106k
2024: €42k
2018 → 2025
Working capital
€249k▲ 23.3%
2024 · €202k
2018: €439k
2019: €467k
2020: €291k
2021: €250k
2022: €104k
2023: €159k
2024: €202k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€328k-€144k▼ 56.1%€250k▲ 74.0%€272k▲ 8.5%€306k▲ 12.7%
Operating result€45k-€43k▼ 4.5%€120k▲ 178%€67k▼ 43.7%€75k▲ 10.6%
Net result€32k-€30k▼ 5.4%€106k▲ 254%€42k▼ 60.9%€35k▼ 16.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€58k▼ 17.6%
Current assets
€305k▲ 13.2%
Equity and liabilities €363k
Equity
€306k▲ 12.7%
Debt
€57k▼ 16.5%
The debt ratio falls from 20.0% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2024 · €88k
Cash flow
€49k▼
2024 · €63k
Solvency
84.4%▲
2024 · 80.0%
Current ratio
5.38▲
2024 · 3.97
Quick ratio
5.38▲
2024 · 3.97
Debt / equity
0.19▼
2024 · 0.25
ROE
11.3%▼
2024 · 15.3%
ROA
9.5%▼
2024 · 12.3%
Interest coverage
3.98▼
2024 · 968.86
Debt
€57k▼
2024 · €68k
Debt ≤ 1 year
€57k▼
2024 · €68k
Income taxes
€18k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€340k€363k▲
Fixed assets21/28€70k€58k▼
Tangible fixed assets22/27€70k€58k▼
Land and buildings22€1k€15▼
Plant, machinery and equipment23€60k€51k▼
Furniture and vehicles24€8k€7k▼
Current assets29/58€270k€305k▲
Amounts receivable within one year40/41€132k€168k▲
Trade receivables40€117k€134k▲
Other amounts receivable41€15k€34k▲
Cash at bank and in hand54/58€137k€130k▼
Deferred charges and accrued income490/1€280€7k▲
Equity and liabilities
Total equity and liabilities10/49€340k€363k▲
Equity10/15€272k€306k▲
Contributions10/11€98k€98k=
Reserves13€156k€191k▲
Tax-exempt reserves132€8k€8k=
Distributable reserves133€148k€183k▲
Profit (loss) carried forward14€17k€17k=
Amounts payable17/49€68k€57k▼
Amounts payable within one year42/48€68k€57k▼
Trade debts44€27k€52k▲
Suppliers440/4€27k€52k▲
Advances received on contracts in progress46€33k-
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€15k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€6k€3k▼
Gross operating margin9900€96k€94k▼
Operating profit (loss)9901€67k€75k▲
Financial income75/76B€930€823▼
Recurring financial income75€930€823▼
Financial charges65/66B€91€22k▲
Recurring financial charges65€91€22k▲
Profit (loss) for the period before taxes9903€68k€53k▼
Income taxes67/77€27k€18k▼
Profit (loss) for the period9904€42k€35k▼
Profit (loss) for the period to be appropriated9905€42k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€52k▼
Profit (loss) brought forward from the previous period14P€17k€17k=
Transfer from equity791/2€20k-
Transfer to equity691/2€42k€35k▼
To other reserves6921€42k€35k▼
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
31-12
Financial
Highest result since 2018net €106k ▲254%
Operating result €120k, net result €106k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲74%
4 profitable years in a row build equity to €250k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet €-7k ▼134%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Doische · 1 establishment unit since 1987
Cannot be placed on the map
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.
Route de Gimnée (VOD) 865680 DoischeGround area
1,507 m²
Building footprint
101 m²
Volume, LiDAR
878 m³
Parcel 93086C0147/00L000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Gimnée (VOD) 86, 5680 Doische
since 19872.031.487.232
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93086C0147/00L000 | Wallonia | 1,507 m² | 1 · 101 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900QNMM1G4RX9R480
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,232. 2,428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-1987
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
01500Mixed farming
36000Water collection, treatment and supply
41000
42110Construction of roads and motorways
43130Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
45230
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:082/677.777