THB
Open bankruptcyA bankruptcy procedure is open for THB according to publications in the Belgian State Gazette; curator: VINCENT GEERAERT.
Summary
The 2025 annual accounts show equity of €342k and a net result of €9k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
26 d early
2024
1 d early
2023
29 d late
2022
28 d late
2021
on the day
2020
6 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€342k▲ 2.8%
2024 · €333k
Net result
€9k▼ 31.8%
2024 · €13k
Total assets
€692k▼ 17.6%
2024 · €840k
Solvency
49.5%▲ 9.8pp
2024 · 39.7%
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€3k▼ 59.8%€4k▲ 17.1%€9k▲ 121%€24k▲ 177%€16k▼ 32.9%
Net result€9k▲ 280%€-643€4k€13k▲ 207%€9k▼ 31.8%
Equity€316k▲ 1,376%€315k▼ 0.2%€320k▲ 1.4%€333k▲ 4.2%€342k▲ 2.8%
Total assets€698k▲ 82.8%€741k▲ 6.1%€751k▲ 1.4%€840k▲ 11.9%€692k▼ 17.6%
Debt€382k▲ 6.0%€426k▲ 11.4%€432k▲ 1.4%€507k▲ 17.5%€350k▼ 31.0%
Working capital€-103k▼ 23.9%€-146k▼ 42.1%€-185k▼ 26.6%€-215k▼ 16.4%€-269k▼ 25.1%
Solvency45.2%▲ 39.6pp42.6%▼ 2.7pp42.6%=39.7%▼ 2.9pp49.5%▲ 9.8pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €692k
Fixed assets
€611k =
Current assets
€81k ▼ 64.7%
Equity and liabilities €692k
Equity
€342k ▲ 2.8%
Debt
€350k ▼ 31.0%
Debt's share of the balance-sheet total falls from 60.3% to 50.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.7%▼
2024 · 4.0%
ROA
1.3%▼
2024 · 1.6%
Debt ≤ 1 year
€350k▼
2024 · €444k
Debt > 1 year
€0▼
2024 · €63k
Income taxes
€4k▲
2024 · €4k
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €2k | €3k | €510 | €2k | ▲ 382% |
| Gross operating margin9900 | €10k | €6k | €12k | €25k | €19k | ▼ 24.4% |
| Operating profit (loss)9901 | €3k | €4k | €9k | €24k | €16k | ▼ 32.9% |
| Financial income75/76B | - | €0 | - | €2k | €2k | ▼ 11.3% |
| Recurring financial income75 | €15k | €0 | - | €2k | €2k | ▼ 11.3% |
| Financial charges65/66B | - | €5k | €3k | €9k | €5k | ▼ 44.6% |
| Recurring financial charges65 | €8k | €5k | €3k | €9k | €5k | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €10k | €-643 | €6k | €18k | €13k | ▼ 24.3% |
| Income taxes67/77 | €1k | €0 | €2k | €4k | €4k | ▲ 0.6% |
| Profit (loss) for the period9904 | €9k | €-643 | €4k | €13k | €9k | ▼ 31.8% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-643 | €4k | €13k | €9k | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €698k | €741k | €751k | €840k | €692k | ▼ 17.6% |
| Fixed assets21/28 | €611k | €611k | €611k | €611k | €611k | = |
| Financial fixed assets28 | €611k | €611k | €611k | €611k | €611k | = |
| Current assets29/58 | €87k | €130k | €140k | €229k | €81k | ▼ 64.7% |
| Amounts receivable within one year40/41 | €87k | €128k | €139k | €92k | €80k | ▼ 12.9% |
| Trade receivables40 | - | €107k | €99k | €72k | €60k | ▼ 16.7% |
| Other amounts receivable41 | - | €21k | €39k | €20k | €20k | ▲ 0.2% |
| Current investments50/53 | - | - | - | €137k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €422 | €2k | €1k | €190 | €580 | ▲ 206% |
| Deferred charges and accrued income490/1 | - | - | €421 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €698k | €741k | €751k | €840k | €692k | ▼ 17.6% |
| Equity10/15 | €316k | €315k | €320k | €333k | €342k | ▲ 2.8% |
| Contributions10/11 | - | €59k | €59k | €59k | €59k | = |
| Reserves13 | €248k | €248k | €260k | €274k | €283k | ▲ 3.4% |
| Non-distributable reserves130/1 | - | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | - | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €243k | €256k | €269k | €278k | ▲ 3.4% |
| Profit (loss) carried forward14 | €9k | €8k | €0 | - | - | - |
| Amounts payable17/49 | €382k | €426k | €432k | €507k | €350k | ▼ 31.0% |
| Amounts payable after more than one year17 | €193k | €150k | €107k | €63k | €0 | ▼ 100% |
| Financial debts170/4 | - | €150k | €107k | €63k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €190k | €276k | €325k | €444k | €350k | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | €46k | €43k | €44k | €0 | ▼ 100% |
| Trade debts44 | €33k | €27k | €250 | €2k | €687 | ▼ 57.5% |
| Suppliers440/4 | - | €27k | €250 | €2k | €687 | ▼ 57.5% |
| Taxes, remuneration and social security45 | - | €44k | €58k | €3k | €4k | ▲ 2.9% |
| Taxes450/3 | - | €44k | €58k | €3k | €4k | ▲ 2.9% |
| Other amounts payable47/48 | - | €159k | €224k | €395k | €346k | ▼ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-643 | €4k | €13k | €9k | ▼ 31.8% |
| Operating cash flow (approximation) | €9k | €-643 | €4k | €13k | €9k | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1k | €-772 | €-852 | €390 | ▲ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €13k ▲207%
Operating result €24k, net result €13k, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Weakest financial yearnet €-643
Net result drops to €-643, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 16-09-2021
30-06
Financial
Equity above €200kEq €316k ▲1,376%
3 profitable years in a row build equity to €316k.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Truiden · 1 establishment unit since 2018
Ground area
3,156 m²
Building footprint
833 m²
Volume, LiDAR
5,004 m³
Parcel 71053G0116/00D004, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THB
since 20182.286.805.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0116/00D004 | Flanders | 3,156 m² | 1 · 833 m² | 10.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
16-09-2021 → present |
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Tax Horizon
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INVISIO
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Beringen · Eq €342,625
JK INVEST
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STEDEMO
BE 0692.881.094
Menen · Eq €342,831
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,768 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
Founded19-12-2018
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.