Equity
TH Touch paid out €833 in dividends. That is 4% of the 2025 profit.
The dashed line is the sector median: < 0.1% across 24,185 companies (NACE 86, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 86, micro). It does better than 35% of them on solvency, 55% on liquidity, 80% on profitability and 92% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 39,278 companies had the same profile as TH Touch has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TH Touch itself is lower: < 0.1% within 12 months. It rests on far more data about TH Touch than the profile alone.
The method was tested on the 497,447 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 39,278 companies, not a prediction for TH Touch. 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.
Liquidity is ample, with a current ratio of 1.75 (1.05 in 2024), above the usual 1.5. Short-term debt is 37.7% and cash 33% of total assets. However, 56.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 7 days before the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TH Touch Anderlecht | €74,705 | €38,387 | 43.3% | - |
| KIWI SPORT CONSULTING Uccle | €79,093 | €37,855 | 85.9% | - |
| StellaBlue Tervuren | €73,873 | €43,276 | 67.9% | - |
| SAND MANAGEMENT La Louvière | €92,615 | €38,834 | 68.4% | 0.5 |
| MOVAVE Huldenberg | €89,096 | €46,685 | 3.4% | - |
| VP AMANAH Houthalen-Helchteren | €76,897 | €50,591 | 86.5% | - |
| EMK PHARM Ixelles | €70,362 | €25,138 | 6.1% | - |
These companies have the same main activity as TH Touch: nutrition and dietetics services (NACE 86995). They are comparable in size and age: total assets between €70,400 and €92,600, founded between 2022 and 2023.
TH Touch files the micro format. That format states no turnover. The gross margin rose from €10,110 in 2022 to €38,387 in 2025.
The balance sheet grew most in 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €88,000 and €160,000.
Higher than 34% of 20,764 companies in 2025.
Higher than 36% of 20,339 companies in 2025.
Higher than 59% of 20,620 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
74,705 | 65,567 | 75,743 | 17,213 | |
21/28 |
25,487 | 35,723 | 45,960 | 2,878 | |
22/27 |
25,487 | 35,723 | 45,960 | 2,878 | |
24 |
25,487 | 35,723 | 45,960 | 2,878 | |
29/58 |
49,218 | 29,844 | 29,783 | 14,335 | |
40/41 |
22,939 | 11,834 | 7,220 | 3,468 | |
40 |
17,812 | 6,105 | 4,612 | 3,412 | |
41 |
5,127 | 5,730 | 2,607 | 56 | |
54/58 |
24,670 | 16,714 | 21,307 | 10,867 | |
490/1 |
1,610 | 1,296 | 1,256 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
74,705 | 65,567 | 75,743 | 17,213 | |
10/15 |
32,357 | 13,931 | 12,453 | 8,399 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
14 |
30,357 | 11,931 | 10,453 | 6,399 | |
17/49 |
42,348 | 51,637 | 63,289 | 8,813 | |
17 |
14,190 | 23,103 | 31,602 | - | |
170/4 |
14,190 | 23,103 | 31,602 | - | |
42/48 |
28,158 | 28,534 | 31,688 | 8,813 | |
42 |
8,913 | 8,499 | 8,104 | - | |
44 |
1,880 | 1,386 | 1,944 | 319 | |
440/4 |
1,880 | 1,386 | 1,944 | 319 | |
45 |
6,600 | 5,867 | 3,009 | 2,293 | |
450/3 |
5,150 | 3,431 | 3,009 | 2,293 | |
454/9 |
1,450 | 2,436 | - | - | |
47/48 |
10,765 | 12,783 | 18,630 | 6,201 | |
| Income statement | |||||
9900 |
38,387 | 17,988 | 14,028 | 10,110 | |
630 |
10,237 | 10,237 | 5,113 | 110 | |
640/8 |
526 | 882 | 393 | 348 | |
9901 |
27,625 | 6,870 | 8,522 | 9,653 | |
75/76B |
- | 3 | - | - | |
75 |
- | 3 | - | - | |
65/66B |
2,313 | 2,715 | 1,186 | 10 | |
65 |
2,313 | 2,715 | 1,186 | 10 | |
9903 |
25,311 | 4,158 | 7,336 | 9,643 | |
67/77 |
6,052 | 1,822 | 2,449 | 2,444 | |
9904 |
19,260 | 2,336 | 4,887 | 7,199 | |
9905 |
19,260 | 2,336 | 4,887 | 7,199 | |
| Appropriation of the result | |||||
9906 |
31,190 | 12,790 | 11,286 | 7,199 | |
14P |
11,931 | 10,453 | 6,399 | - | |
694/7 |
833 | 859 | 833 | 800 | |
694 |
833 | 859 | 833 | 800 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 37,861 | 17,106 | 13,635 | 9,762 | ||
| 29,496 | 12,573 | 10,000 | 7,309 | ||
| 0 | 0 | 48,195 | 2,987 | ||
| 7,955 | -4,593 | 10,440 | - | ||
| 21,060 | 1,310 | -1,905 | 5,522 | ||
| 43.3% | 21.2% | 16.4% | 48.8% | ||
| 1.75 | 1.05 | 0.94 | 1.63 | ||
| 1.31 | 3.71 | 5.08 | 1.05 | ||
| 59.5% | 16.8% | 39.2% | 85.7% | ||
| 25.8% | 3.6% | 6.5% | 41.8% | ||
| 16.37 | 6.30 | 11.50 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €48,195 | €2,987 |
| €10,237 | €10,237 | €5,113 | €110 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 4 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 78.8% to 56.7%. Equity is higher and debt is lower.
TH Touch has no parent and no holdings in its annual accounts. HOLVOET Thomas is the only director. TH Touch shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
TH Touch was incorporated on 8 November 2022 as a private limited company by one natural person, with a starting capital of €2,000.12 Since 2022, HOLVOET Thomas has served as director.3 Total assets rose from €17,213 in 2022 to €74,705 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Sylvain Dupuislaan 83/1 registered office 1070 Anderlecht | ||
| Sylvain Dupuislaan 83 1070 Anderlecht | 08-11-2022 | 2.337.854.705 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21001A0743/00C007 | 902 m² | 1 · 523 m² | 11.2 m · 2 |
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