TH-TECH
ActiveSummary
The computed 12-month bankruptcy probability of TH-TECH is 9.9% (elevated). The annual accounts of TH-TECH for fiscal year 2024 show a net loss of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €1,889 and a net result of -€13,659. Its solvency ranks better than 11% of 36386 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 2 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.9% 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 497,662 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% | 1.7% |
| 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 75% 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 647 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 | €5,102 | €1,563 | ▼ 69.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €500 | - |
| Other operating charges640/8 | €7,149 | €5,833 | ▼ 18.4% |
| Gross operating margin9900 | €30,307 | -€3,660 | ▼ 112% |
| Operating profit (loss)9901 | €18,056 | -€11,556 | ▼ 164% |
| Financial income75/76B | €78 | €1,093 | ▲ 1,304% |
| Recurring financial income75 | €78 | €1,093 | ▲ 1,304% |
| Financial charges65/66B | €780 | €3,132 | ▲ 301% |
| Recurring financial charges65 | €780 | €3,132 | ▲ 301% |
| Profit (loss) for the period before taxes9903 | €17,353 | -€13,595 | ▼ 178% |
| Income taxes67/77 | €4,877 | €64 | ▼ 98.7% |
| Profit (loss) for the period9904 | €12,476 | -€13,659 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €12,476 | -€13,659 | ▼ 209% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €72,728 | €48,378 | ▼ 33.5% |
| Fixed assets21/28 | €27,112 | €6,174 | ▼ 77.2% |
| Tangible fixed assets22/27 | €27,112 | €6,174 | ▼ 77.2% |
| Plant, machinery and equipment23 | €16,391 | €6,136 | ▼ 62.6% |
| Furniture and vehicles24 | €10,317 | €38 | ▼ 99.6% |
| Other tangible fixed assets26 | €404 | - | - |
| Current assets29/58 | €45,616 | €42,204 | ▼ 7.5% |
| Stocks and contracts in progress3 | €19,030 | €17,675 | ▼ 7.1% |
| Stocks30/36 | €19,030 | €17,675 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €16,293 | €23,323 | ▲ 43.2% |
| Trade receivables40 | €5,024 | €599 | ▼ 88.1% |
| Other amounts receivable41 | €11,269 | €22,724 | ▲ 102% |
| Cash at bank and in hand54/58 | €9,815 | €138 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | €479 | €1,069 | ▲ 123% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €72,728 | €48,378 | ▼ 33.5% |
| Equity10/15 | €15,548 | €1,889 | ▼ 87.9% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €14,548 | €889 | ▼ 93.9% |
| Distributable reserves133 | €14,548 | €889 | ▼ 93.9% |
| Amounts payable17/49 | €57,180 | €46,489 | ▼ 18.7% |
| Amounts payable after more than one year17 | €11,528 | €11,184 | ▼ 3.0% |
| Financial debts170/4 | €11,528 | €11,184 | ▼ 3.0% |
| Amounts payable within one year42/48 | €44,408 | €31,346 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | €12,222 | €4,680 | ▼ 61.7% |
| Trade debts44 | €25,113 | €19,525 | ▼ 22.3% |
| Suppliers440/4 | €25,113 | €19,525 | ▼ 22.3% |
| Taxes, remuneration and social security45 | €7,072 | €7,141 | ▲ 1.0% |
| Taxes450/3 | €7,072 | €7,141 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | €1,244 | €3,959 | ▲ 218% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,476 | -€13,659 | ▼ 209% |
| + Depreciation and write-downs630 | €5,102 | €1,563 | ▼ 69.4% |
| Operating cash flow (approximation) | €17,578 | -€12,096 | ▼ 169% |
| Investment in fixed assets (approximation) | - | €19,375 | - |
| Change in cash | - | -€9,677 | - |
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 6 Belgian State Gazette acts for this company. None of them has 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. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.