Turnover
≈ €1.1m estimated
The micro format states no turnover.
TH-drilling
Lifetime
1 annual account with figurespeak €440,813 (2025)
€440,813
peak €152,299 (2025)
€152,299
peak €157,299 (2025)
€157,299
€932,819
Board1 name since 2024
1 director
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Company renamed from TH-MANAGEMENT to TH-drilling 05-12First year with figures
Key points
from the 2025 annual accountsDebts
€932,819 86% of the balance sheet
Financial debts 21%Suppliers 48%Taxes and wages 9%Other 22%
Of this, €732,819 falls due within a year.
Position in the sector
€152,299
Higher net result than 95% of companies in specialised construction. Sector median €9,997 · 37,222 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,389 companies had the same profile as TH-drilling has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.2%
went bankrupt
Another 0.2% 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 2,389 companies, not a prediction for TH-drilling. 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 0208:1016859809
Company renamed from TH-MANAGEMENT to TH-drilling
Registered office moved from Temse to Lokeren · New registered office: Spinnerslaan 6, 9160 Lokeren · Previous registered office: Frank Van Dyckelaan 11 9140 Temse · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: · Appointment: (director) · published on 04-12-2024 · Gazette deed
First establishment
Spinnerslaan 6, Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TH-drilling Lokeren | €1.1m | €440,813 | 14.4% | - |
| JFD forage Somme-Leuze | €1.4m | €397,056 | 23.0% | - |
| De Boormeester Arendonk | €1.0m | €207,463 | 13.2% | - |
| THE DRILLING COMPANY Ghent | €1.8m | €953,645 | -4.9% | 7.2 |
| BETEC ENGINEERING Bertrix | €0.5m | €462,224 | 72.0% | 3.5 |
| MNS Groep Antwerp | €0.6m | €381,292 | 41.0% | - |
| GEO-Project Asse | €2.3m | €560,893 | -3.5% | 5.6 |
These companies have the same main activity as TH-drilling: specialised construction activities (NACE 43130). They are comparable in size and age: total assets between €452,000 and €2.3m, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 02-12-2024Normal situation
- Activity
- Specialised construction activitiesNACE 43130and 1 other
- Establishment unit
- 2.367.269.0639160 Lokeren, since 02-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Annual accounts 2025
- €1.1m
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on TH-drilling
The 2025 annual accounts show equity of €157,299 and a net result of €152,299. Its solvency ranks better than 17% of 37,240 sector peers (NACE 43, financial year 2025).
The company has been active since 2024 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 TH-drilling
- What is the company number of TH-drilling?
- The company number of TH-drilling is 1016.859.809. The VAT number is the same number with BE in front: BE 1016.859.809.
- Where is TH-drilling based?
- The registered office is at Spinnerslaan 6, 9160 Lokeren.Company details
- What does TH-drilling do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43130).
- What is the legal form of TH-drilling?
- TH-drilling is a private limited company (BV).
- When was TH-drilling founded?
- TH-drilling was founded on 02-12-2024.
- Is TH-drilling still active?
- Yes, TH-drilling is an active enterprise in the KBO register.
- How many employees does TH-drilling have?
- TH-drilling had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TH-drilling?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €440,813 and 99 comparable companies (NACE 43). It probably lies between €850,000 and €1.6m.
- Is TH-drilling profitable?
- In financial year 2025, TH-drilling made a profit of €152,299.
- Where can I find the annual accounts of TH-drilling?
- TH-drilling filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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