TH-Technics
ActiveSummary
TH-Technics has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €773,772. Equity has been growing by about 58% per year since 2018. Its solvency ranks better than 25% of 526 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-06-2014 Normal situation
- Activity
- Construction of utility projects for electricity and telecommunications NACE 42220and 2 others
- Establishment unit
- 2.235.882.266 9160 Lokeren, since 17-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- €6.7m
- ▲ 35.3%
- Turnover
- ≈ €12.0m
- estimated
- Profit
- €773,772
- ▲ 213%
- Equity
- €1.2m
- ▲ 56.7%
- Total assets
- €5.6m
- ▲ 0.7%
- Employees on 31-12-2025
- 115
- ▲ 59.7%
Score breakdownraises riskLiquidity: current ratio 1.05, cash €172,5241 of the last 3 accounts lateEquity €1.2m (20.7% of total assets)lowers riskFounded in 2014Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 53% of medium-sized companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Average
Solvency
46+8
equity 20.7% of total assets
Liquidity
23+6
short-term debt 59.8% · cash 3.1%
Profitability
86+12
return on assets 13.8%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.0%▼ -0.1 percentage points vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%▲ +0.3 percentage points vs 04-2025
06-2025: 2.5%▲ +0.1 percentage points vs 05-2025
07-2025: 2.7%▲ +0.2 percentage points vs 06-2025
08-2025: 3.2%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.7%▼ -1.5 percentage points vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.6%▼ -0.1 percentage points vs 02-2026
04-2026: 1.9%▲ +0.3 percentage points vs 03-2026
05-2026: 1.4%▼ -0.5 percentage points vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 0.8%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: 0.8%● unchanged vs 07-2026lowest value
09-2026: 0.8%● unchanged vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (0.9 in 2024), below the usual 1.5. Short-term debt is 59.8% and cash 3.1% of total assets. 79.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 42, medium-sized). It does better than 21% of them on solvency, 20% on liquidity, 81% on profitability and 90% on growth.
The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-04-2026, 110 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
110 days early
2024
26 days late
2023
62 days late
2022
30 days late
2021
21 days early
2020
31 days late
2019
117 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 12-04-2026 PDF all 11 filings
Turnover
≈ €12.0m
Estimated: probably between €7.8m and €19.0m
Total assets
€5.6m▲ 0.7%
2024 · €5.6m
Net result
€773,772▲ 213%
2024 · €246,926
Working capital
€178,679
2024 · -€377,795
In the rankings
#6 employer in Lokeren, Construction sector#6 company by staff growth in Lokeren, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€785,380
▲ 10.5%
2025
20182025
Net result
€773,772
▲ 213%
2025
highest quarter of the sector
20182025
Equity
€1.2m
▲ 56.7%
2025
highest quarter of the sector
20182025
Total assets
€5.6m
▲ 0.7%
2025
highest quarter of the sector
20182025
Debt
€4.5m
▼ 7.9%
2025
20182025
Working capital
€178,679
2025
middle half of the sector
20182025
Solvency
20.7%
▲ 7.4pp
2025
middle half of the sector
20182025
Current ratio
1.05
▲ 0.16
2025
middle half of the sector
20182025
Return on assets (ROA)
13.8%
▲ 9.3pp
2025
middle half of the sector
20182025
Staff (FTE)
91.3
▲ 25.4%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m-€0.06m€0.08m▲ 30.5%€0.1m▲ 54.6%€0.2m▲ 40.6%€0.6m▲ 235%€0.7m▲ 19.1%€0.8m▲ 10.5%
Net result-€0.02m-€0.05m€0.07mabove the sector's middle half▲ 28.6%€0.09mwithin the sector's middle half▲ 29.7%€0.06mwithin the sector's middle half▼ 32.3%€0.4mabove the sector's middle half▲ 501%€0.2mabove the sector's middle half▼ 32.6%€0.8mabove the sector's middle half▲ 213%
Equity€0.03m-€0.08m▲ 174%€0.2mabove the sector's middle half▲ 81.7%€0.2mwithin the sector's middle half▲ 58.3%€0.3mwithin the sector's middle half▲ 25.0%€0.7mwithin the sector's middle half▲ 120%€0.7mwithin the sector's middle half▲ 10.5%€1.2mabove the sector's middle half▲ 56.7%
Total assets€0.5m-€0.4m▼ 12.3%€1.2mabove the sector's middle half▲ 170%€1.9mwithin the sector's middle half▲ 55.1%€4.1mabove the sector's middle half▲ 116%€5.1mabove the sector's middle half▲ 26.9%€5.6mabove the sector's middle half▲ 8.5%€5.6mabove the sector's middle half▲ 0.7%
Debt€0.5m-€0.4m▼ 24.3%€1.1m▲ 190%€1.6m▲ 54.6%€3.7m▲ 129%€4.5m▲ 19.3%€4.8m▲ 8.2%€4.5m▼ 7.9%
Working capital-€0.06m-€0.07m-€0.08mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 178%-€0.5mbelow the sector's middle half▼ 127%-€0.5mbelow the sector's middle half▼ 2.9%-€0.4mbelow the sector's middle half▲ 24.7%€0.2mwithin the sector's middle half
Solvency6.0%-18.9%▲ 12.9pp12.7%below the sector's middle half▼ 6.2pp13.0%below the sector's middle half▲ 0.3pp7.5%below the sector's middle half▼ 5.5pp13.1%below the sector's middle half▲ 5.5pp13.3%below the sector's middle half▲ 0.2pp20.7%within the sector's middle half▲ 7.4pp
Current ratio0.81-1.21▲ 0.400.78below the sector's middle half▼ 0.440.69below the sector's middle half▼ 0.080.80below the sector's middle half▲ 0.100.83below the sector's middle half▲ 0.030.90below the sector's middle half▲ 0.071.05within the sector's middle half▲ 0.16
Return on assets (ROA)-4.2%-12.0%▲ 16.2pp5.7%within the sector's middle half▼ 6.3pp4.8%within the sector's middle half▼ 0.9pp1.5%within the sector's middle half▼ 3.3pp7.1%within the sector's middle half▲ 5.6pp4.4%within the sector's middle half▼ 2.7pp13.8%within the sector's middle half▲ 9.3pp
Staff (FTE)7.4-11.9▲ 60.8%7.2above the sector's middle half▼ 39.5%19.7above the sector's middle half▲ 174%58.3above the sector's middle half▲ 196%79.2above the sector's middle half▲ 35.8%72.8above the sector's middle half▼ 8.1%91.3above the sector's middle half▲ 25.4%
above
within
below
The sector band is the middle half of the companies in Civil engineering (NACE 42). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 10% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Large changes and their cause
- 2021 Staff (FTE) +174% on 2020. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.6m
Fixed assets
€2.1m ▼ 8.6%
Current assets
€3.5m ▲ 7.0%
Equity and liabilities €5.6m
Equity
€1.2m ▲ 56.7%
Debt
€4.5m ▼ 7.9%
Debt's share of the balance-sheet total falls from 86.7% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.5m▲
2024 · €1.3m
Cash flow
€1.5m▲
2024 · €880,692
Debt to equity
3.83▼
2024 · 6.52
ROE
66.5%▲
2024 · 33.3%
Interest coverage
6.70▼
2024 · 8.59
Debt ≤ 1 year
€3.4m▼
2024 · €3.7m
Debt > 1 year
€1.0m▼
2024 · €1.2m
Income taxes
-€202,770▼
2024 · €308,258
Staff costs
€5.2m▲
2024 · €3.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 24 | 59 | 66 | 72 | 115 |
| full-time | 23 | 58 | 64 | 72 | 114 |
| part-time | 1 | 1 | 2 | - | 1 |
| in full-time equivalents | 23.4 | 58.6 | 65.1 | 72 | 114.5 |
| Average over the year, in full-time equivalents | 19.7 | 58.3 | 79.2 | 72.8 | 91.3 |
| On a permanent contract | 24 | 59 | 66 | 71 | 115 |
| Joined | 26 | 83 | 92 | 37 | 69 |
| Left | 12 | 48 | 85 | 31 | 26 |
| Training hours | - | - | - | - | 80 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €768,557 | €1.1m | €1.4m | €174,055 | €490,312 |
| Financial fixed assets | - | €7,500 | - | €70,625 | €78,696 |
| Depreciation and write-downs of the year | €163,584 | €350,110 | €618,044 | €633,766 | €678,082 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €3,600 awarded · €3,600 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.02m | €0.01m | €0.05m | €0.03m | €0.08m | ▲ 206% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €3.0m | €3.8m | €3.6m | €5.2m | ▲ 45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.01m | €0.05m | €0.2m | €0.4m | €0.6m | €0.6m | €0.7m | ▲ 7.0% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.05m | €0.07m | €0.05m | €0.05m | ▲ 3.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.003m | €0.006m | - | - |
| Gross operating margin9900 | €0.3m | €0.7m | €0.4m | €1.2m | €3.6m | €5.1m | €5.0m | €6.7m | ▲ 35.3% |
| Operating profit (loss)9901 | -€0.02m | €0.06m | €0.08m | €0.1m | €0.2m | €0.6m | €0.7m | €0.8m | ▲ 10.5% |
| Financial income75/76B | - | - | - | €192 | €2 | €173 | €0.001m | €0.004m | ▲ 328% |
| Recurring financial income75 | €11 | €145 | €0 | €192 | €2 | €173 | €0.001m | €0.001m | ▲ 33.2% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.003m | - |
| Financial charges65/66B | - | - | - | €0.04m | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 39.6% |
| Recurring financial charges65 | €0.003m | €0.009m | €0.007m | €0.04m | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 39.6% |
| Profit (loss) for the period before taxes9903 | -€0.02m | €0.05m | €0.08m | €0.09m | €0.1m | €0.5m | €0.6m | €0.6m | ▲ 2.8% |
| Income taxes67/77 | - | - | €0.006m | - | €0.06m | €0.1m | €0.3m | -€0.2m | - |
| Profit (loss) for the period9904 | -€0.02m | €0.05m | €0.07m | €0.09m | €0.06m | €0.4m | €0.2m | €0.8m | ▲ 213% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | €0.05m | €0.07m | €0.09m | €0.06m | €0.4m | €0.2m | €0.8m | ▲ 213% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.4m | €1.2m | €1.9m | €4.1m | €5.1m | €5.6m | €5.6m | ▲ 0.7% |
| Fixed assets21/28 | €0.3m | €0.04m | €0.9m | €1.4m | €2.1m | €2.7m | €2.3m | €2.1m | ▼ 8.6% |
| Tangible fixed assets22/27 | €0.3m | €0.04m | €0.9m | €1.4m | €2.1m | €2.7m | €2.2m | €1.9m | ▼ 12.5% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 4.8% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 28.2% |
| Leasing and similar rights25 | - | - | - | €0.6m | €1.0m | €1.6m | €1.3m | €1.1m | ▼ 15.2% |
| Other tangible fixed assets26 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 12.0% |
| Financial fixed assets28 | - | €270 | €270 | €270 | €0.008m | €0.008m | €0.08m | €0.2m | ▲ 100% |
| Current assets29/58 | €0.2m | €0.4m | €0.3m | €0.5m | €1.9m | €2.5m | €3.3m | €3.5m | ▲ 7.0% |
| Stocks and contracts in progress3 | €0.04m | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.2m | €1.7m | €2.3m | €3.2m | €2.6m | ▼ 18.4% |
| Trade receivables40 | - | - | - | €0.1m | €1.2m | €1.8m | €2.3m | €2.1m | ▼ 7.5% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.5m | €0.5m | €0.9m | €0.5m | ▼ 47.2% |
| Cash at bank and in hand54/58 | €0.03m | €0.004m | €0.03m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 62.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.02m | €0.01m | €0.02m | €0.8m | ▲ 36× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.4m | €1.2m | €1.9m | €4.1m | €5.1m | €5.6m | €5.6m | ▲ 0.7% |
| Equity10/15 | €0.03m | €0.08m | €0.2m | €0.2m | €0.3m | €0.7m | €0.7m | €1.2m | ▲ 56.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €66 | €66 | €66 | €66 | €66 | = |
| Profit (loss) carried forward14 | €0.01m | €0.06m | €0.1m | €0.2m | €0.3m | €0.7m | €0.7m | €1.1m | ▲ 58.3% |
| Amounts payable17/49 | €0.5m | €0.4m | €1.1m | €1.6m | €3.7m | €4.5m | €4.8m | €4.5m | ▼ 7.9% |
| Amounts payable after more than one year17 | €0.2m | €0.03m | €0.7m | €0.9m | €1.3m | €1.5m | €1.2m | €1.0m | ▼ 13.4% |
| Financial debts170/4 | - | - | - | €0.9m | €1.3m | €1.5m | €1.2m | €1.0m | ▼ 13.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.7m | €2.4m | €3.0m | €3.7m | €3.4m | ▼ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 0.6% |
| Financial debts43 | - | - | - | €0.08m | €0.3m | €0.3m | €0.8m | €0.8m | = |
| Other loans439 | - | - | - | €0.08m | €0.3m | €0.3m | €0.8m | €0.8m | = |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.4m | €1.6m | €1.4m | €1.3m | €1.5m | ▲ 11.4% |
| Suppliers440/4 | - | - | - | €0.4m | €1.6m | €1.4m | €1.3m | €1.5m | ▲ 11.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.1m | €0.2m | €0.5m | €0.3m | ▼ 44.9% |
| Taxes450/3 | - | - | - | - | €0.04m | €0.2m | €0.4m | €0.2m | ▼ 48.0% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.08m | €0.06m | €0.02m | €0.02m | ▲ 31.6% |
| Other amounts payable47/48 | - | - | - | - | - | €0.6m | €0.6m | €0.3m | ▼ 44.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.09m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | €0.05m | €0.07m | €0.09m | €0.06m | €0.4m | €0.2m | €0.8m | ▲ 213% |
| + Depreciation and write-downs630 | €0.03m | €0.01m | €0.05m | €0.2m | €0.4m | €0.6m | €0.6m | €0.7m | ▲ 7.0% |
| Operating cash flow (approximation) | €0.009m | €0.07m | €0.1m | €0.3m | €0.4m | €1.0m | €0.9m | €1.5m | ▲ 64.9% |
| Investment in fixed assets (approximation) | - | €0.2m | -€1.0m | -€0.6m | -€1.1m | -€1.2m | -€0.2m | -€0.5m | ▼ 113% |
| Change in cash | - | -€0.02m | €0.02m | €0.1m | €0.05m | -€0.01m | -€0.06m | €0.07m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 172 companies had the same profile as TH-Technics has now. Two years later, 96.5% were still going and 0.0% had gone bankrupt.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.5%
stopped otherwise
0.0%
went bankrupt
The bankruptcy probability of TH-Technics itself is higher: 0.8% within 12 months. It rests on far more data about TH-Technics than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 172 companies, not a prediction for TH-Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-04-2026 | 2026-00077542 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00403896 | |
| 31-12-2023 | abbreviated format | 01-10-2024 | 2024-00484093 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00375829 | |
| 31-12-2021 | abbreviated format | 10-07-2022 | 2022-20167082 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58300422 | |
| 31-12-2019 | micro format | 25-11-2020 | 2020-71700505 | |
| 31-12-2018 | micro format | 07-10-2019 | 2019-68500472 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67100563 | |
| 31-12-2016 | micro format | 06-06-2018 | 2018-15900015 |
Board & ownership
Directors
Directors
1 director
ÖZTÜRK HABIBI
Current
Owners and capital
Owners
Network & group
TH-Technics shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of TH-Technics. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
12-04
abbreviated format · 110 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €773,772 ▲213%
The operating result of €785,380 and the net result of €773,772 are both a record.
31-12
Financial
Equity above €1mequity €1.2m ▲56.7%
After 7 profitable years in a row, equity reaches €1.2m.
26-08
abbreviated format · 26 days late
2024
01-10
abbreviated format · 62 days late
05-06
Gazette deed
Registered office moved from Mariekerke to LokerenNew seat: Spinnerslaan 6, 9160 LOKEREN · Previous seat: BORNEMSTRAAT 28, 2880 MARIEKERKE2 points ▸
Gazette deed
Registered office moved from Mariekerke to Lokeren
New seat: Spinnerslaan 6, 9160 LOKEREN · Previous seat: BORNEMSTRAAT 28, 2880 MARIEKERKE2 points ▸
- General meeting, 24-05-2024
- Registered-office move, Spinnerslaan 6, 9160 LOKEREN
2023
31-12
Financial
Equity above €500,000equity €671,743 ▲120%
After 5 profitable years in a row, equity reaches €671,743.
30-08
abbreviated format · 30 days late
2022
10-07
abbreviated format · 21 days before the deadline
2021
31-12
Financial
Equity above €200,000equity €244,371 ▲58.3%
After 3 profitable years in a row, equity reaches €244,371.
31-08
micro format · 31 days late
2020
31-12
Financial
Equity above €150,000equity €154,349 ▲81.7%
After 2 profitable years in a row, equity reaches €154,349.
Show earlier events
25-11
micro format · 117 days late
2019
31-12
Financial
Back to profitnet €53,949
The net result is €53,949, after one loss-making year.
07-10
micro format · 68 days late
2018
2014
11-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TH-Technics in Dutch
Enterprise number
0554.700.735
Legal form
Private limited company
Status
Active, normale toestand
Founded
20-06-2014
Entity type
Legal entity
Registered office and establishments
Registered office
Spinnerslaan 6, 9160 Lokeren, Belgium
1 former office
- Bornemstraat 28, 2880 Mariekerke until 24-05-2024 · act of 05-06-2024
Establishment unit
TH-TECHNICS, Spinnerslaan 6, 9160 Lokeren since 17-07-2014 · unit number 2.235.882.266
Activities
NACEBEL 2025VAT activities
42220
Construction of utility projects for electricity and telecommunications main activity
43320
Joinery installation
47551
Retail sale of household furniture
Social security (RSZ) activities
42220
Construction of utility projects for electricity and telecommunications main activity
Codes under NACEBEL 2008
VAT activities
42220
Construction of utility projects for electricity and telecommunications main activity
43320
Joinery installation
47591
Retail trade
Social security (RSZ) activities
42220
Construction of utility projects for electricity and telecommunications main activity
Invoicing and payment
VAT number
BE 0554.700.735
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0554.700.735
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Recognised contractor
7 categoriesTH-Technics BVapproval number #10376
- C7 Horizontal pipe jacking for cables and pipesclass 5, up to €2,172,000
TH-Technics BVapproval number 42333
- C2 Water supply and laying all kinds of pipesclass 5, up to €2,172,000
- C6 Laying power and telecom cables in trenchesclass 5, up to €2,172,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 4, up to €1,080,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 2, up to €330,000
- P3 Overhead power linesclass 5, up to €2,172,000
- S1 Public telephone and telegraph equipmentclass 2, up to €330,000
Sites & property
Location
Buildings and parcels at the address
Ground area
2,306 m²
Building footprint
1,026 m²
Building volume
6,313 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46014A1060/00H000 | Flanders | 2,306 m² | 1 · 1,026 m² | 7.5 m · 2 |