TH M
ActiveSummary
TH M has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183,741 and a net result of €120,064. Its solvency ranks better than 40% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 2 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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- 2024 Equity +189%, Total assets +113% on 2023. Cause not known from the registers.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,090 | €15,358 | ▲ 152% |
| Other operating charges640/8 | €1,897 | €774 | ▼ 59.2% |
| Gross operating margin9900 | €87,782 | €192,009 | ▲ 119% |
| Operating profit (loss)9901 | €79,795 | €175,878 | ▲ 120% |
| Financial charges65/66B | €601 | €875 | ▲ 45.6% |
| Recurring financial charges65 | €601 | €875 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | €79,194 | €175,003 | ▲ 121% |
| Income taxes67/77 | €25,517 | €54,939 | ▲ 115% |
| Profit (loss) for the period9904 | €53,677 | €120,064 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €53,677 | €120,064 | ▲ 124% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €150,689 | €321,526 | ▲ 113% |
| Fixed assets21/28 | €55,564 | €58,737 | ▲ 5.7% |
| Tangible fixed assets22/27 | €55,564 | €58,737 | ▲ 5.7% |
| Plant, machinery and equipment23 | €1,014 | €5,698 | ▲ 462% |
| Furniture and vehicles24 | €821 | €5,022 | ▲ 512% |
| Leasing and similar rights25 | €53,728 | €48,018 | ▼ 10.6% |
| Current assets29/58 | €95,125 | €262,789 | ▲ 176% |
| Amounts receivable within one year40/41 | €88,191 | €136,629 | ▲ 54.9% |
| Trade receivables40 | €88,191 | €63,520 | ▼ 28.0% |
| Other amounts receivable41 | - | €73,109 | - |
| Cash at bank and in hand54/58 | €3,200 | €123,304 | ▲ 3,753% |
| Deferred charges and accrued income490/1 | €3,734 | €2,856 | ▼ 23.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €150,689 | €321,526 | ▲ 113% |
| Equity10/15 | €63,677 | €183,741 | ▲ 189% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | = |
| Issued capital100 | €10,000 | €10,000 | = |
| Reserves13 | €52,500 | €171,500 | ▲ 227% |
| Distributable reserves133 | €52,500 | €171,500 | ▲ 227% |
| Profit (loss) carried forward14 | €1,177 | €2,241 | ▲ 90.4% |
| Amounts payable17/49 | €87,012 | €137,785 | ▲ 58.4% |
| Amounts payable after more than one year17 | €44,286 | €31,633 | ▼ 28.6% |
| Financial debts170/4 | €44,286 | €31,633 | ▼ 28.6% |
| Amounts payable within one year42/48 | €42,726 | €106,152 | ▲ 148% |
| Current portion of amounts payable after more than one year42 | €12,653 | €12,653 | = |
| Trade debts44 | €4,556 | €7,044 | ▲ 54.6% |
| Suppliers440/4 | €4,556 | €7,044 | ▲ 54.6% |
| Taxes, remuneration and social security45 | €25,517 | €86,456 | ▲ 239% |
| Taxes450/3 | €25,517 | €86,456 | ▲ 239% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €53,677 | €120,064 | ▲ 124% |
| + Depreciation and write-downs630 | €6,090 | €15,358 | ▲ 152% |
| Operating cash flow (approximation) | €59,767 | €135,423 | ▲ 127% |
| Investment in fixed assets (approximation) | - | -€18,532 | - |
| Change in cash | - | €120,104 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56063A0028/00B006 | Wallonia | 426 m² | 1 · 51 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.