TH Enterprise
ActiveTH Enterprise has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €10k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+1
Solvency73▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.55 in 2024; short-term debt: 50.5% and cash: 10% of total assets), but 52.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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
47.5%
Return on assets
2.6%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d early
2023
37 d early
2022
40 d early
2021
33 d early
2020
32 d early
2019
29 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▲ 5.7%
2024 · €183k
2018: €121k
2019: €146k
2020: €145k
2021: €181k
2022: €184k
2023: €175k
2024: €183k
2018 → 2025
Total assets
€408k▲ 0.8%
2024 · €404k
2018: €618k
2019: €488k
2020: €468k
2021: €509k
2022: €442k
2023: €447k
2024: €404k
2018 → 2025
Net result
€10k▲ 23.6%
2024 · €8k
2018: €-32k
2019: €25k
2020: €-691
2021: €36k
2022: €3k
2023: €-9k
2024: €8k
2018 → 2025
Working capital
€146k▲ 20.0%
2024 · €122k
2018: €93k
2019: €89k
2020: €82k
2021: €122k
2022: €111k
2023: €94k
2024: €122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€184k▲ 1.5%€175k▼ 5.0%€183k▲ 4.8%€194k▲ 5.7%
Operating result€52k-€-659€-9k▼ 1,201%€10k€17k▲ 78.6%
Net result€36k-€3k▼ 92.6%€-9k€8k€10k▲ 23.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 79% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €408k
Fixed assets
€56k▼ 9.6%
Current assets
€352k▲ 2.7%
Equity and liabilities €408k
Equity
€194k▲ 5.7%
Debt
€214k▼ 3.2%
The debt ratio falls from 54.6% to 52.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2024 · €28k
Cash flow
€31k▲
2024 · €27k
Solvency
47.5%▲
2024 · 45.4%
Current ratio
1.71▲
2024 · 1.55
Quick ratio
0.44▲
2024 · 0.09
Debt / equity
1.10▼
2024 · 1.21
ROE
5.4%▲
2024 · 4.6%
ROA
2.6%▲
2024 · 2.1%
Interest coverage
75.49▲
2024 · 24.79
Debt
€214k▼
2024 · €221k
Debt ≤ 1 year
€206k▼
2024 · €221k
Income taxes
€6k
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€404k€408k▲
Fixed assets21/28€62k€56k▼
Tangible fixed assets22/27€54k€48k▼
Land and buildings22€11k€7k▼
Plant, machinery and equipment23€636€6k▲
Furniture and vehicles24€23k€15k▼
Other tangible fixed assets26€20k€20k=
Financial fixed assets28€8k€8k=
Current assets29/58€343k€352k▲
Stocks and contracts in progress3€324k€261k▼
Stocks30/36€324k€261k▼
Amounts receivable within one year40/41€14k€36k▲
Trade receivables40€14k€36k▲
Other amounts receivable41-€137
Cash at bank and in hand54/58-€41k
Deferred charges and accrued income490/1€5k€14k▲
Equity and liabilities
Total equity and liabilities10/49€404k€408k▲
Equity10/15€183k€194k▲
Contributions10/11€6k€6k=
Reserves13€177k€187k▲
Distributable reserves133€177k€187k▲
Profit (loss) carried forward14€188€188=
Amounts payable17/49€221k€214k▼
Amounts payable within one year42/48€221k€206k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€2k€19k▲
Suppliers440/4€2k€19k▲
Taxes, remuneration and social security45€1k€945▼
Taxes450/3€1k€945▼
Other amounts payable47/48€215k€185k▼
Accrued charges and deferred income492/3-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€32k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€31k€71k▲
Operating profit (loss)9901€10k€17k▲
Financial income75/76B€19€0▼
Recurring financial income75€19€0▼
Financial charges65/66B€1k€496▼
Recurring financial charges65€1k€496▼
Profit (loss) for the period before taxes9903€8k€17k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€8k€10k▲
Profit (loss) for the period to be appropriated9905€8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€188€11k▲
Profit (loss) brought forward from the previous period14P€-8k€188▲
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (10 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €150kEq €181k ▲24.9%
Equity rises from €145k to €181k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2008
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.
Kloosterstraat 1852000 AntwerpenGround area
64 m²
Building footprint
64 m²
Volume, LiDAR
593 m³
Parcel 11804D2477/00C000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Thomas Haarmann
since 20082.168.607.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D2477/00C000 | Flanders | 64 m² | 1 · 64 m² | 13.1 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.
Similar companies · same sector, comparable size
Etablissements Demeuldre
BE 0402.033.227
Elsene · Eq €190k
37graden
BE 0736.635.420
Hasselt · Eq €202k
TRANSMISSION
BE 0431.138.967
Gerpinnes · Eq €185k
ZWINA
BE 0648.783.708
Sint-Jans-Molenbeek · Eq €183k
FIDISE
BE 0887.110.035
Asse · Eq €182k
Of 428 companies in sector 47553 we hold annual accounts for 170. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2008
Fiscal year end31-12
Activities, NACEBEL
47553Retail trade
47593Retail trade
46180Agents specialised in the wholesale of other particular products
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
47761Retail sale of flowers, plants, seeds and fertilisers
56301Cafés and bars
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.