THB
ActiveSummary
The computed 12-month bankruptcy probability of THB is 1.6% (moderate). The 2025 annual accounts show equity of €35k and a net result of €135. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 4867 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-4
Solvency77▲+6
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.27 in 2024; short-term debt: 39.5% and cash: 28.2% of total assets), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
51.7%
Return on assets
0.2%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
59 d early
2024
27 d early
2023
44 d early
2022
18 d late
2021
18 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€135▼ 90.8%
2024 · €1k
2021: €860
2022: €1k
2023: €3k
2024: €1k
2021 → 2025
Working capital
€41k▼ 4.3%
2024 · €43k
2021: €40k
2022: €41k
2023: €41k
2024: €43k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€31k▲ 4.2%€33k▲ 8.2%€35k▲ 4.4%€35k▲ 0.4%
Operating result€2k-€2k▲ 23.4%€4k▲ 78.4%€2k▼ 37.9%€490▼ 79.4%
Net result€860-€1k▲ 44.0%€3k▲ 104%€1k▼ 42.0%€135▼ 90.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €68k
Equity
€35k ▲ 0.4%
Debt
€33k ▼ 21.5%
Debt's share of the balance-sheet total falls from 54.5% to 48.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.53▲
2024 · 2.27
Quick ratio
2.22▲
2024 · 2.02
Debt to equity
0.94▼
2024 · 1.20
ROE
0.4%▼
2024 · 4.2%
ROA
0.2%▼
2024 · 1.9%
Debt ≤ 1 year
€27k▼
2024 · €34k
Debt > 1 year
€6k▼
2024 · €8k
Income taxes
€611▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€68k▼
Current assets29/58€77k€68k▼
Amounts receivable after more than one year29€16k€17k▲
Other amounts receivable291€16k€17k▲
Stocks and contracts in progress3€8k€8k▼
Stocks30/36€8k€8k▼
Amounts receivable within one year40/41€23k€24k▲
Trade receivables40€11k€11k▼
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€28k€19k▼
Deferred charges and accrued income490/1€225€168▼
Equity and liabilities
Total equity and liabilities10/49€77k€68k▼
Equity10/15€35k€35k▲
Contributions10/11€2k€2k=
Reserves13€33k€33k=
Non-distributable reserves130/1€494€494=
Reserves not available under the articles1311€494€494=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14-€135
Amounts payable17/49€42k€33k▼
Amounts payable after more than one year17€8k€6k▼
Other amounts payable178/9€8k€6k▼
Amounts payable within one year42/48€34k€27k▼
Trade debts44€16k€14k▼
Suppliers440/4€16k€14k▼
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€15k€12k▼
Accrued charges and deferred income492/3€1-
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€4k€669▼
Gross operating margin9900€4k€1k▼
Operating profit (loss)9901€2k€490▼
Financial income75/76B€402€417▲
Recurring financial income75€402€417▲
Financial charges65/66B€236€161▼
Recurring financial charges65€236€161▼
Profit (loss) for the period before taxes9903€3k€746▼
Income taxes67/77€1k€611▼
Profit (loss) for the period9904€1k€135▼
Profit (loss) for the period to be appropriated9905€1k€135▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€135▼
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €135 ▼90.8%
Net result drops to €135, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2021net €3k ▲104%
Operating result €4k, net result €3k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Waux-Hall 141390 Grez-DoiceauGround area
1,886 m²
Building footprint
332 m²
Volume, LiDAR
2,684 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THB
since 20212.316.501.936
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037A0355/00M000 | Wallonia | 1,212 m² | 1 · 229 m² | 9.8 m · 3 fl. |
| 25037A0352/00T002 | Wallonia | 674 m² | 1 · 103 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BARBECUE & VIGNE
BE 0829.171.341
Grez-Doiceau · Eq €35k
DEMALUB
BE 0740.903.816
Wevelgem · Eq €34k
ETS.DURAY
BE 1025.771.931
Chaudfontaine · Eq €33k
Gazolux
BE 0403.674.804
Sint-Katelijne-Waver · Eq €32k
Etablissements COLLARD
BE 0424.939.380
Dison · Eq €30k
Of 840 companies in sector 46810 we hold annual accounts for 473. 170 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46810Wholesale of solid, liquid and gaseous fuels and related products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.