TH-TECH
ActiveSummary
The computed 12-month bankruptcy probability of TH-TECH is 16.8% (high). The annual accounts of TH-TECH for financial 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. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
- Equity
- €1,889
- Loss
- -€13,659
Why 12raises riskFigures for financial year 2024 (filed 20-06-2025)1 change of registered office in 24 monthsEx-officio strike-off in the KBOlowers riskSize: total assets €48,378Show the evidence
Checked score
About 1 in 6 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 43, micro): better than 10% on solvency, 9% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 19-10-2026 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
This company filed its last 2 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
- Address struckevent 16-06-2026
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeRegistered-office move · Director in…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 20 October 2026.
2023 to 2024, 2 financial years
The operating result turns negative in 2024: a loss of €11,556 after €18,056 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86.1% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 16.8% 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 497,472 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% | 1.0% |
| 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 646 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 | - |
| Operating profit (loss)9901 | €18,056 | -€11,556 | - |
| 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 | - |
| Income taxes67/77 | €4,877 | €64 | ▼ 98.7% |
| Profit (loss) for the period9904 | €12,476 | -€13,659 | - |
| Profit (loss) for the period to be appropriated9905 | €12,476 | -€13,659 | - |
| 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 | - |
| + Depreciation and write-downs630 | €5,102 | €1,563 | ▼ 69.4% |
| Operating cash flow (approximation) | €17,578 | -€12,096 | - |
| 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.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 17-06-2025 | 2025-00156222 |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00131598 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
13-11
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Registered-office move, Frankrijklei 5 bus 401 2000 Antwerpen
- Director in office, SMET SUZANNA (manager)
01-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering” (deed in Dutch)
- Registered-office move, Luxemburgstraat 20 te 9140 Temse
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 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 |
|---|---|---|---|---|
| 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 |