TH Technics
ActiveSummary
TH Technics has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €578. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+13
Solvency53▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.73 against 2.95 in 2024; short-term debt: 19.7% and cash: 8.4% of total assets), but 71.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
28.4%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
29 d late
2023
27 d early
2022
28 d late
2021
22 d late
2020
86 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 0.6%
2024 · €103k
Total assets
€365k▼ 7.1%
2024 · €393k
Net result
€578▼ 96.9%
2024 · €18k
Working capital
€197k▲ 11.5%
2024 · €176k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-2k€40k€31k▼ 23.4%€39k▲ 27.5%€2k▼ 95.8%
Net result€-2k€27k€20k▼ 26.0%€18k▼ 6.2%€578▼ 96.9%
Equity€40k▼ 5.6%€66k▲ 64.6%€85k▲ 29.9%€103k▲ 20.6%€104k▲ 0.6%
Total assets€207k▼ 11.6%€269k▲ 30.2%€311k▲ 15.5%€393k▲ 26.4%€365k▼ 7.1%
Debt€167k▼ 12.9%€203k▲ 21.9%€225k▲ 10.8%€290k▲ 28.6%€261k▼ 9.8%
Working capital€-34k▼ 12.2%€-14k▲ 58.3%€-7k▲ 49.6%€176k€197k▲ 11.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365k
Fixed assets
€96k ▼ 23.4%
Current assets
€269k ▲ 0.6%
Equity and liabilities €365k
Equity
€104k ▲ 0.6%
Debt
€261k ▼ 9.8%
Debt's share of the balance-sheet total falls from 73.8% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €66k
Cash flow
€32k▼
2024 · €45k
Current ratio
3.73▲
2024 · 2.95
Quick ratio
3.40▲
2024 · 2.77
Debt to equity
2.52▼
2024 · 2.81
ROE
0.6%▼
2024 · 17.9%
ROA
0.2%▼
2024 · 4.7%
Interest coverage
15.02▲
2024 · 3.80
Debt ≤ 1 year
€72k▼
2024 · €91k
Debt > 1 year
€189k▼
2024 · €199k
Income taxes
€1k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18k | - | - | €13k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €24k | €23k | €26k | €32k | ▲ 20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €12k | - | - | - |
| Other operating charges640/8 | €2k | €2k | €3k | €2k | €2k | ▼ 7.6% |
| Non-recurring operating charges66A | €8k | - | - | - | - | - |
| Gross operating margin9900 | €24k | €66k | €68k | €68k | €35k | ▼ 48.1% |
| Operating profit (loss)9901 | €-2k | €40k | €31k | €39k | €2k | ▼ 95.8% |
| Financial income75/76B | €836 | €861 | €3k | €2k | €2k | ▲ 24.5% |
| Recurring financial income75 | €836 | €861 | €3k | €2k | €2k | ▲ 24.5% |
| Financial charges65/66B | €462 | €6k | €8k | €17k | €2k | ▼ 87.2% |
| Recurring financial charges65 | €462 | €6k | €8k | €17k | €2k | ▼ 87.2% |
| Profit (loss) for the period before taxes9903 | €-2k | €35k | €26k | €24k | €2k | ▼ 92.0% |
| Income taxes67/77 | €411 | €8k | €6k | €6k | €1k | ▼ 76.5% |
| Profit (loss) for the period9904 | €-2k | €27k | €20k | €18k | €578 | ▼ 96.9% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €27k | €20k | €18k | €578 | ▼ 96.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €269k | €311k | €393k | €365k | ▼ 7.1% |
| Fixed assets21/28 | €74k | €80k | €93k | €126k | €96k | ▼ 23.4% |
| Tangible fixed assets22/27 | €74k | €80k | €93k | €126k | €96k | ▼ 23.4% |
| Land and buildings22 | - | - | - | - | €19k | - |
| Plant, machinery and equipment23 | €58k | €70k | €71k | €91k | €67k | ▼ 25.9% |
| Furniture and vehicles24 | €16k | €10k | €6k | €15k | €10k | ▼ 32.6% |
| Assets under construction and advance payments27 | - | - | €16k | €20k | - | - |
| Current assets29/58 | €133k | €189k | €218k | €267k | €269k | ▲ 0.6% |
| Stocks and contracts in progress3 | €22k | €22k | €16k | €16k | €24k | ▲ 50.8% |
| Stocks30/36 | €22k | €22k | €16k | €16k | €24k | ▲ 50.8% |
| Amounts receivable within one year40/41 | €103k | €115k | €160k | €132k | €211k | ▲ 59.2% |
| Trade receivables40 | €88k | €114k | €159k | €91k | €161k | ▲ 77.1% |
| Other amounts receivable41 | €15k | €442 | €1k | €41k | €50k | ▲ 19.8% |
| Cash at bank and in hand54/58 | €5k | €40k | €39k | €115k | €30k | ▼ 73.5% |
| Deferred charges and accrued income490/1 | €2k | €12k | €3k | €4k | €4k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €269k | €311k | €393k | €365k | ▼ 7.1% |
| Equity10/15 | €40k | €66k | €85k | €103k | €104k | ▲ 0.6% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €22k | €46k | €65k | €83k | €84k | ▲ 0.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €20k | €44k | €65k | €83k | €84k | ▲ 0.7% |
| Profit (loss) carried forward14 | €-2k | - | - | - | - | - |
| Amounts payable17/49 | €167k | €203k | €225k | €290k | €261k | ▼ 9.8% |
| Amounts payable after more than one year17 | - | - | - | €199k | €189k | ▼ 4.9% |
| Financial debts170/4 | - | - | - | €199k | €189k | ▼ 4.9% |
| Amounts payable within one year42/48 | €167k | €203k | €225k | €91k | €72k | ▼ 20.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €10k | ▲ 3.6% |
| Trade debts44 | €22k | €46k | €59k | €66k | €55k | ▼ 16.8% |
| Suppliers440/4 | €22k | €46k | €59k | €66k | €55k | ▼ 16.8% |
| Taxes, remuneration and social security45 | €5k | €13k | €17k | €15k | €7k | ▼ 52.6% |
| Taxes450/3 | €5k | €10k | €17k | €15k | €7k | ▼ 52.6% |
| Remuneration and social security454/9 | - | €3k | €92 | - | - | - |
| Other amounts payable47/48 | €140k | €144k | €150k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €27k | €20k | €18k | €578 | ▼ 96.9% |
| + Depreciation and write-downs630 | €17k | €24k | €23k | €26k | €32k | ▲ 20.9% |
| Operating cash flow (approximation) | €15k | €51k | €43k | €45k | €32k | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | €-30k | €-36k | €-59k | €-2k | ▲ 96.4% |
| Change in cash | - | €35k | €-856 | €76k | €-85k | ▼ 211% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 2.95
Current ratio from 0.97 to 2.95; short-term debt falls from €225k to €91k.
31-12
Financial
Equity above €100kEq €103k ▲20.6%
3 profitable years in a row build equity to €103k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 352 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Houthalen-Helchteren · 1 establishment unit since 2000
Ground area
376 m²
Building footprint
127 m²
Volume, LiDAR
616 m³
Parcel 72014B0244/00T000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TH Technics
since 20002.097.054.381
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014B0244/00T000 | Flanders | 376 m² | 1 · 127 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
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Vloeberghs Elektriciteitswerken en Bouwtechnieken
BE 0771.570.959
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NCEE
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DC-PROTEC
BE 1007.746.856
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,790 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.