Equity
-€824
Debts exceed assets in financial year 2025.
THCH
Overview
Lifetime
1 annual account with figurespeak €61,583 (2025)
€61,583
lowest -€20,824 (2025)
-€20,824
peak -€824 (2025)
-€824
€805,626
Board1 name since 2024
1 directorDDRI
Owners
100%DDRI
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Loss of €20,824First year with figures
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 13% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 2.4%
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.5%▲ +0.1 percentage points vs 11-2025
01-2026: 2.9%▲ +0.4 percentage points vs 12-2025
02-2026: 3.1%▲ +0.2 percentage points vs 01-2026
03-2026: 3.3%▲ +0.2 percentage points vs 02-2026
04-2026: 3.3%● unchanged vs 03-2026
05-2026: 3.6%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 3.5%▼ -0.1 percentage points vs 05-2026
07-2026: 3.4%▼ -0.1 percentage points vs 06-2026
08-2026: 0.5%▼ -2.9 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.03, cash €3,135
Founded in 2024
lowers risk
Size: total assets €804,803
No main activity registered
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 (no NACE code, micro). It does better than 15% of them on solvency, 4% on liquidity and 21% on profitability.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 1,251 companies had the same profile as THCH has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THCH itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,251 companies, not a prediction for THCH. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03, below 1. Short-term debt is 100% and cash 0.4% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six 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 27-07-2026, 4 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
4 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €20,000, 2,000 shares · Founder: DDRI · Appointment: DDRI (statutory director) · published on 23-09-2024 · Gazette deed
First establishment
Rue Campagne 215, Soumagne
Official details
Source: KBO- Status
- Active since 19-09-2024Normal situation
- Activity
- “La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, et pour…” (deed in French)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.365.072.1134630 Soumagne, since 19-09-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €61,583
- €20,824
- -€824
- €804,803
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on THCH
THCH has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€824) and a net result of -€20,824.
The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadline€61,583
€9,566
-€20,824
-€779,807
-0.1%
0.03
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 ≈ €190,000. Estimated: probably between €120,000 and €320,000.
Balance sheet
balance sheet total €804,803 on 31-12-2025What the company ownsHow it is paid for
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
804,803 | |
20 |
2,050 | |
21/28 |
777,608 | |
22/27 |
777,608 | |
22 |
777,608 | |
29/58 |
25,144 | |
40/41 |
21,122 | |
40 |
11,122 | |
41 |
10,000 | |
54/58 |
3,135 | |
490/1 |
887 | |
| Balance sheet: equity and liabilities | ||
10/49 |
804,803 | |
10/15 |
-824 | |
10/11 |
20,000 | |
14 |
-20,824 | |
17/49 |
805,626 | |
42/48 |
804,951 | |
43 |
100,000 | |
430/8 |
100,000 | |
44 |
2,185 | |
440/4 |
2,185 | |
47/48 |
702,766 | |
492/3 |
676 | |
| Income statement | ||
9900 |
61,583 | |
630 |
44,419 | |
640/8 |
7,598 | |
9901 |
9,566 | |
65/66B |
30,389 | |
65 |
30,389 | |
9903 |
-20,824 | |
9904 |
-20,824 | |
9905 |
-20,824 | |
| Appropriation of the result | ||
9906 |
-20,824 | |
| Document | ||
The notes to these accounts have 6 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 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00351134 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 53,985 | ||
| 23,596 | ||
| 821,424 | ||
| -779,807 | ||
| -0.1% | ||
| 0.03 | ||
| -2.6% | ||
| 1.78 |
The equity ratios are withheld because equity of -€824 is too small for a meaningful ratio.
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.
Securities and guarantees
on own assets and for others| Item | 2025 |
|---|---|
| €330,000 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €821,424 |
| €44,419 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on THCH
Equity is negative. Debt (€805,626) exceeds the balance-sheet total (€804,803).
Board & ownership
Board
1 director, since incorporationDDRI BV
Statutory director, permanent representative Chantal THIMISTER
since 18-09-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 27-07-2026
Permanent representatives 1
Mandates through the years
1 name, the dashed line is todayControl
100%
This company
THCH
Equity -€824
Loss €20,824 in 2025
Capital
- Contribution
- €20,000
- Shares
- 2,000
- Contribution per share
- €10
- Equity per share
- -€0.41 in 2025
- Source
- deed of 23-09-2024
Articles of association
deed of 23-09-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Le collège ne peut valablement délibérer que si la moitié au moins des administrateurs est présente ou représentée, Les décisions du collège…”“À défaut de quoi ces délégués disposent chacun du pouvoir d'agir seul et exercent ce mandat à titre gratuit, L'organe d'administration…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 11:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Lorsque la loi l'exige et dans les limites qu'elle prévoit, le contrôle de la société est assuré par un ou plusieurs commissaires, nommés…”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “La société peut être dissoute en tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications…”
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 23-09-2024 ↗
- DDRI (BE 0725.528.029) 2,000 shares (100%) · €20,000 in cash
Capital over time
- 23-09-2024 Incorporation · €20,000 · 2,000 shares
Network & group
Group
DDRI has 3 direct subsidiaries (2025 accounts)Source: list of holdings in the 2025 accounts of DDRI. Every holding stands with its own latest accounts.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
MANON
via DDRI · Director (not named in the articles) · deed of 01-02-2024
Founded in 2000 · 10 FTE (2025)
→
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2024
IncorporationFounding capital of €20,000, 2,000 shares · Founder: DDRI · Appointment: DDRI (statutory director) · published on 23-09-20247 points ▸
- Founder, DDRI
- Founding capital, €20,000, 2,000 shares
- 2,000 shares
- Director appointment, DDRI (statutory director), mentioned twice in the deed
- Permanent representative, Chantal THIMISTER, mentioned twice in the deed
- Registered office clause, rue Campagne 215, boite 0001, 4630 Soumagne-Micheroux
- Board rule, 1
- The deed holds 3 more points.
First establishment Rue Campagne 215, Soumagne
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1013.796.884
- VAT number
- BE 1013.796.884
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-09-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 11:00deed of 23-09-2024 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- THCH in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-09-2024 (in French)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, et pour ce faire, l'aliénation, l'acquisition, le…”deed of 23-09-2024 (in French)
7 activities
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine immobilier, et pour ce faire, l'aliénation, l'acquisition, le lotissement, la division (juridique et/ou matérielle), la location de tout bien ou droit réel immobilier, divis ou indivis.
- L'entreprise générale de construction et de transformation, d'aménagement, de désaffectation d'immeuble bâtis ou à bâtir.
- L'exploitation de tous établissements ou entreprises, commerciaux ou financiers, dans les immeubles qu'elle tiendra, en propriété ou autrement.
- La constitution, la gestion, l'exploitation, la mise en valeur d'un patrimoine mobilier, en ce compris la prise de participations, sous quelque forme que ce soit, dans toutes sociétés belges ou étrangères, l'acquisition par voie d'achat, de souscription, d’apport, d'échange ou de toute autre manière, ainsi que l'aliénation par voie de vente, d’échange, d’apport, ou de toute autre manière, d'actions, de parts, d'obligations, de bons et de valeurs mobilières de toutes espèces, ainsi que de droits de souscrire ou d’acquérir de telles valeurs.
- La participation à la création et au développement d'entreprises industrielles, commerciales, financières ou immobilières et l'apport de tout concours sous la forme jugée la plus appropriée, prêts, financement, garanties, participation au capital, etc.
- Toute activité de gestion, d'administration, de liquidation, de direction et d'organisation, sous forme de mandat ou d'entreprise ou en qualité d’organe social ou de membre d’un tel organe. Elle pourra notamment assurer la gestion journalière et la représentation dans les opérations relevant de cette gestion quotidienne, des affaires, et participer à la représentation de la société ainsi qu’à la gestion de celle-ci.
- Toute participation à l'administration, à l'assistance et au conseil juridique et financier des sociétés et entreprises dans lesquelles elle est intéressée.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Campagne 215 registered office 4630 Soumagne 68110 Buying and selling of own real estate | 19-09-2024 | 2.365.072.113 |
Buildings and parcels at the address
- Ground area
- 2,439 m²
- Buildings
- 236 m²
- Volume, LiDAR
- 2,202 m³
- Tallest building
- 11.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62070A0001/00M000 | 2,439 m² | 1 · 236 m² | 11.9 m · 3 |
Contact
E-mail
rolandmewissen@live.be
Phone
+32 495 28 00 01