TH Projects
ActiveSummary
TH Projects has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,460 and a net result of €29,460. Its solvency ranks better than 90% of 5,648 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €34,460
- Profit
- €29,460
Why 91raises riskFounded in 2025Size: total assets €42,124lowers riskLiquidity: current ratio 4.96, cash €30,166Equity €34,460 (81.8% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro): better than 92% on solvency, 94% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: Timon HOOFT (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (8 days) Filed on 8 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00392639.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,689 |
| Gross operating margin9900 | €38,461 |
| Operating profit (loss)9901 | €36,772 |
| Financial income75/76B | €115 |
| Recurring financial income75 | €115 |
| Financial charges65/66B | €38 |
| Recurring financial charges65 | €38 |
| Profit (loss) for the period before taxes9903 | €36,848 |
| Income taxes67/77 | €7,388 |
| Profit (loss) for the period9904 | €29,460 |
| Profit (loss) for the period to be appropriated9905 | €29,460 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €42,124 | |
| Fixed assets21/28 | €4,140 | |
| Tangible fixed assets22/27 | €4,140 | |
| Plant, machinery and equipment23 | €1,104 | |
| Furniture and vehicles24 | €3,036 | |
| Current assets29/58 | €37,983 | |
| Amounts receivable within one year40/41 | €7,203 | |
| Trade receivables40 | €1,715 | |
| Other amounts receivable41 | €5,488 | |
| Cash at bank and in hand54/58 | €30,166 | |
| Deferred charges and accrued income490/1 | €615 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €42,124 | |
| Equity10/15 | €34,460 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | €29,460 | |
| Amounts payable17/49 | €7,664 | |
| Amounts payable within one year42/48 | €7,664 | |
| Trade debts44 | €276 | |
| Suppliers440/4 | €276 | |
| Taxes, remuneration and social security45 | €7,388 | |
| Taxes450/3 | €7,388 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €29,460 |
| + Depreciation and write-downs630 | €1,689 |
| Operating cash flow (approximation) | €31,149 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-08-2026 | 2026-00392639 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Timon HOOFT |
|
Owners and capital
Capital and shareholders
- Timon HOOFT 50 shares (100%) · €5,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-06-2025 Incorporation · €5,000 · 50 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-06
Gazette deed
IncorporationAppointment: Timon HOOFT (director) · Founder · Founding capital13 facts ▸
- Incorporation, “TH Projects” (deed in Dutch)
- Founder, Timon HOOFT (oprichter verschijner)
- Other provision, “financieel plan, notarisdossier” (deed in Dutch)
- Founding capital, €5,000
- Other provision, “Besloten Vennootschap, statuten” (deed in Dutch)
- Other provision, “statutair onbeschikbare eigen vermogensrekening”, 5000 (deed in Dutch)
- Registered office clause, “9340 Lede, Bovenstraat 21” (deed in Dutch)
- Board rule, 1
- Director appointment, Timon HOOFT (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en alle verplichtingen die eruit voortvloeien,en alle activiteiten ondernomen in naam en voor rekening van de vennootschap in opri…” (deed in Dutch)
- Power of attorney, Benjamin Van Hauwermeiren
- Other provision, “voorafgaande toelatingen of vergunningen, notaris heeft aandacht gevestigd op feit dat vennootschap in uitvoering van haar voorwerp kan verplicht zijn nodige vo…” (deed in Dutch)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41032D0239/00W000 | Flanders | 2,235 m² | 1 · 167 m² | 9.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap mag alle commerciële,financiële,roerende en onroerende handelingen stellen die rechtstreeks of onrechtstreeks verband houden…” (deed in Dutch)
9 activities (deed in Dutch)
- De vennootschap mag alle commerciële,financiële,roerende en onroerende handelingen stellen die rechtstreeks of onrechtstreeks verband houden met haar doel of die van aard zijn dit te bevorderen
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen
- Met het oog op toekomstige groei en diversificatie,kan de vennootschap bijkomend overgaan tot het investeren in,verhuren en exploiteren van eigen of geleasd residentieel onroerend goed
- De vennootschap voorziet eveneens in het uitvoeren van algemene bouwwerken en renovaties,waaronder ruwbouwwerken,afwerking en interieurinrichting van residentiële en commerciële panden
- Daarnaast biedt de vennootschap metaalbewerkingen aan,waaronder laswerken en maatconstructies
- In het kader van technologische uitbreiding overweegt de vennootschap ook het aanbieden van diensten zoals het snijden en graveren van metalen via lasertechnologie
- Het uitvoeren van diverse werkzaamheden binnen de sectoren tuinaanleg,grond- en verhardingswerken,houtconstructies en metaalconstructies
- Het uitvoeren van grondwerken,het aanleggen en onderhouden van tuinen,het plaatsen van afsluitingen,poorten,terrassen en opritten,evenals het bouwen van tuinbergingen,poolhouses en andere buitenconstructies in hout of metaal
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TH Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “In de vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)