Active BE 0431.633.964Private limited company

THF INVEST

Cetturu 44 ·6662 Houffalize, Belgium· 39 yrs active

Sector: Activiteiten van holdings (64210)

Conclusion Checked

THF INVEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.54M and a net result of €6k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 231 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€1.54M
Net result	€6k
Better than sector	36%
Active	39 yrs

Financial profile 4 of 5 axes measured · computed by Checked

54 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 2

Solvency 62

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1987, 39 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview10 NBB filings

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.1%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	40.4%	53.5%	better than 36% of 231 sector peers
Net result	€6k	€62k	better than 32% of 231 sector peers
Equity	€1.54M	€4.01M	better than 40% of 231 sector peers
Gross operating margin	€112k	€51k	better than 69% of 106 sector peers
Total assets	€3.80M	€8.74M	better than 38% of 231 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€6k

-84.6% 19-25

Total assets

€3.80M

+7.0% 19-25

Equity

€1.54M

+0.4% 19-25

Income taxes

€2k

-84.6% 19-25

Debt

€670k

+86.0% 19-25

Debt ≤ 1y

€323k

+110.1% 19-25

Debt > 1y

€344k

+68.6% 19-25

Solvency

40.4%

-6.2% 19-25

Show 2 other metrics

ROE

0.4%

-84.7% 19-25

ROA

0.2%

-85.7% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€6k
Cash flow	n/a
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€3.80M
Equity	€1.54M
Debt	€670k
of which ≤ 1y	€323k
of which > 1y	€344k
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	40.4%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	0.2%
ROE	0.4%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €3.61M · 95.0% Current assets €189k · 5.0%

Equity & liabilities

Equity €1.54M · 40.4% Provisions €1.60M · 42.0% Debt €670k · 17.6%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.80M
Fixed assets	21/28	€3.61M
Tangible fixed assets	22/27	€618k
Financial fixed assets	28	€3.00M
Current assets	29/58	€189k
Amounts receivable within one year	40/41	€161k
Cash & bank	54/58	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.80M
Equity	10/15	€1.54M
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€1.52M
Provisions & deferred taxes	16	€1.60M
Amounts payable	17/49	€670k
Amounts payable after one year	17	€344k
Amounts payable within one year	42/48	€323k
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€112k
Operating result	9901	€64k
Financial income	75	€14
Financial charges	65	€26k
Result before taxes	9903	€8k
Income taxes	67/77	€2k
Net result for the period	9904	€6k
Result to be appropriated	9905	€6k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Former directors (2)

THEIS Jencôme
Gérant
State Gazette act 24330907 (17-01-2024)

Former
- → 17-01-2024
THEIS Thomas
Gérant
State Gazette act 24330907 (17-01-2024)

Former
- → 17-01-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company(610)
Incorporation	01-07-1987
Status	Active
Postal code	6662

Establishment units 1 location

THF INVEST

Cetturu 44, 6662 HouffalizeVakantieparken

since 19882.029.677.983

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
82028B0342/00S000	Wallonia	1,362 m²	1 · 261 m²	9.0 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

30-01-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2025

04-02-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

13-02-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

17-01-2024

State Gazette act Director changes

Vincent STASSER

2023

27-01-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

31-01-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

29-01-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

31-01-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

18-01-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

30-04-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

2016

29-04-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

17-01-2024 2 resigning, 2 reappointed Director changes·Vincent STASSER

THEIS Jencôme, Gérant
THEIS Thomas, Gérant
THEIS Jencôme, Bestuurder
THEIS Thomas, Bestuurder

Notary: Vincent STASSER

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activiteiten van holdings64210Vakantieparken55202Gites, vakantiewoningen en -appartementen55203Overige kredietverstrekking n.e.g.64929Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Activiteiten van hoofdkantoren70100Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw77320

Primary activity highlighted.

Names & trade names

Legal nameFR

THF INVEST

Registered office

Cetturu 44 bus D

6662 Houffalize, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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