TH & CONFORT
ActiveThe computed 12-month bankruptcy probability of TH & CONFORT is 2.9% (moderate). The 2025 annual accounts show equity of €42k and a net result of €-508. Equity is growing by ~62.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 2045 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-42
Solvency55▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 1.17 in 2024; short-term debt: 63% and cash: 5.3% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
29.7%
Return on assets
-0.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
5 d early
2022
1 d early
2021
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-508
2024 · €32k
2021: €18k
2022: €12k
2023: €2k
2024: €32k
2021 → 2025
Working capital
€23k▲ 12.0%
2024 · €21k
2021: €-214
2022: €5k
2023: €-10k
2024: €21k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€8k▲ 7.7%€10k▲ 20.7%€42k▲ 327%€42k▼ 1.2%
Operating result€19k-€14k▼ 26.5%€4k▼ 73.0%€43k▲ 1,006%€4k▼ 90.2%
Net result€18k-€12k▼ 34.3%€2k▼ 85.3%€32k▲ 1,744%€-508
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 90% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141k
Fixed assets
€29k▼ 27.2%
Current assets
€112k▼ 22.1%
Equity and liabilities €141k
Equity
€42k▼ 1.2%
Debt
€99k▼ 29.8%
The debt ratio falls from 76.9% to 70.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €57k
Cash flow
€14k▼
2024 · €46k
Solvency
29.7%▲
2024 · 23.1%
Current ratio
1.26▲
2024 · 1.17
Quick ratio
1.26▲
2024 · 1.17
Debt / equity
2.37▼
2024 · 3.34
ROE
-1.2%▼
2024 · 74.2%
ROA
-0.4%▼
2024 · 17.1%
Interest coverage
3.58▼
2024 · 34.14
Debt
€99k▼
2024 · €142k
Debt ≤ 1 year
€89k▼
2024 · €123k
Debt > 1 year
€10k▼
2024 · €18k
Income taxes
€146▼
2024 · €10k
Staff costs
€62k▲
2024 · €48k
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€184k€141k▼
Fixed assets21/28€40k€29k▼
Tangible fixed assets22/27€39k€27k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€34k€22k▼
Leasing and similar rights25€974-
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€910€2k▲
Current assets29/58€144k€112k▼
Amounts receivable within one year40/41€131k€101k▼
Trade receivables40€116k€88k▼
Other amounts receivable41€15k€13k▼
Cash at bank and in hand54/58€9k€8k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€184k€141k▼
Equity10/15€42k€42k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€37k€37k▼
Amounts payable17/49€142k€99k▼
Amounts payable after more than one year17€18k€10k▼
Financial debts170/4€18k€10k▼
Amounts payable within one year42/48€123k€89k▼
Current portion of amounts payable after more than one year42€13k€8k▼
Trade debts44€90k€59k▼
Suppliers440/4€90k€59k▼
Taxes, remuneration and social security45€21k€22k▲
Taxes450/3€14k€14k▲
Remuneration and social security454/9€7k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€48k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€108k€82k▼
Operating profit (loss)9901€43k€4k▼
Financial income75/76B€183€557▲
Recurring financial income75€183€557▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€41k€-362▼
Income taxes67/77€10k€146▼
Profit (loss) for the period9904€32k€-508▼
Profit (loss) for the period to be appropriated9905€32k€-508▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€37k▼
Profit (loss) brought forward from the previous period14P€6k€37k▲
Social balance
Average headcount (FTE)90872.03.0▲
The notes to these accounts (13 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-508 ▼102%
Net result drops to €-508, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2021net €32k ▲1744%
Operating result €43k, net result €32k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-07-2025
Resigned as Director
Location & real-estate footprint
Registered office, Tinlot · 1 establishment unit since 2020
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.
Rue de Dinant 824557 TinlotGround area
470 m²
Building footprint
172 m²
Volume, LiDAR
830 m³
Parcel 61001C0245/00Z000, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Dinant 82, 4557 Tinlot
since 20202.315.318.437
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61001C0245/00Z000 | Wallonia | 470 m² | 1 · 172 m² | 10.3 m · 2 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.
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BE 0749.866.319
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,241. 1,005 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2020
Fiscal year end30-06
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
47540Retail sale of electrical household appliances
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.