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TH2

Active
Private limited companyfounded 2014active for 12 yearsChaussée de Philippeville(GER) 184, 6280 Gerpinnes, BelgiumKBO/BCE: BE 0551.839.433
Summary

TH2 has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544,844 and a net result of -€46,913. Equity remains stable across the filed financial years (±1.4% per year). Its solvency ranks better than 92% of 12,578 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Retail sale of motorcycles and motorcycle parts and accessories
NACE 47830
10th largest company by equity in Gerpinnes, Wholesale and retail trade sector1 site
Size
€644,930total assets 2025
Equity
€544,844
Loss
-€46,913
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 15 days early2 of 3 deeds read
Why 86raises riskLoss of €46,913, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 16-07-2026)Liquidity: current ratio 4.03, cash €166,922Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 84.5% of total assets
Liquidity 79+19
short-term debt 15.5% · cash 25.9%
Profitability 10+2
return on assets -7.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,224 companies, NACE 47, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.1 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▼ -0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.03, compared with 2.93 in 2024, above the usual 1.5; short-term debt: 15.5% and cash: 25.9% of total assets), and 15.5% of the assets are financed with debt and provisions.
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 47, micro): better than 92% on solvency, 83% on liquidity, 17% on profitability and 28% on growth.

The bankruptcy probability was computed on 18-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €46,913, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 16-07-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.03, cash €166,922
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€46,913
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
2 days late
2023
28 days late
2022
72 days late
2021
130 days late
2020
145 days late
2019
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 74 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 29 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Resignation: Bertrand BAILLEUX (director)Appointment: Thomas HANNECART (director) ·…
  3. Resignation: BAILLEUX Bertrand Jules Georges (manager)Appointment: HANNECART Thomas Pierre Jean…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€46,913 View
  • Caution: Among the weakest 10% on net resultsector median €28,143 · 12,567 companies -€46,913 View
  • Caution: Board changedlatest change 14-07-2026 · 1 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€644,930
Loss
-€46,913
Solvency
84.5%
Total assets▼ 15.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2015
Next accounts
by 31-07-2027
  1. 02-08-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 28-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of motorcycles and motorcycle parts and…NACE 47830
Founded
30-04-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
27
Annual meeting
Third Friday of June at 18:00
Purpose
“Tout ce qi se rapporte directement ou indirectement à l’achat, la vente en gros et au…” (deed in French)
Go to Articles of association

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