THG Eupen
ActiveTHG Eupen has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €-7k. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 1009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency22▲+3
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.93 in 2024), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-0.7%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
15 d early
2023
1 d early
2022
5 d early
2021
17 d early
2020
25 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k
2024 · €392k
2019: €299k
2020: €162k
2021: €121k
2022: €192k
2023: €166k
2024: €392k
2019 → 2025
Working capital
€44k
2024 · €-74k
2019: €276k
2020: €114k
2021: €207k
2022: €650k
2023: €751k
2024: €-74k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€961k-€1.03M▲ 7.5%€1.19M▲ 15.2%€237k▼ 80.1%€130k▼ 45.2%
Operating result€185k-€269k▲ 45.5%€267k▼ 0.7%€286k▲ 7.3%€38k▼ 86.7%
Net result€121k-€192k▲ 58.1%€166k▼ 13.4%€392k▲ 136%€-7k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.07M
Fixed assets
€661k▼ 5.0%
Current assets
€410k▼ 59.9%
Equity and liabilities €1.07M
Equity
€130k▼ 45.2%
Provisions
€123▼ 95.7%
Debt
€940k▼ 36.3%
The debt ratio rises from 86.0% to 87.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€168k▼
2024 · €413k
Cash flow
€123k▼
2024 · €518k
Solvency
12.1%▼
2024 · 13.8%
Current ratio
1.12▲
2024 · 0.93
Quick ratio
1.12▲
2024 · 0.93
Debt / equity
7.24▲
2024 · 6.23
ROE
-5.6%▼
2024 · 165.2%
ROA
-0.7%▼
2024 · 22.8%
Interest coverage
5.80▼
2024 · 16.79
Debt
€940k▼
2024 · €1.48M
Debt ≤ 1 year
€365k▼
2024 · €1.10M
Debt > 1 year
€573k▲
2024 · €379k
Income taxes
€28k▼
2024 · €56k
Staff costs
€485k▼
2024 · €497k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.72M€1.07M▼
Fixed assets21/28€695k€661k▼
Intangible fixed assets21€104k€55k▼
Tangible fixed assets22/27€577k€578k▲
Land and buildings22€506k€468k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24€35k€59k▲
Leasing and similar rights25€36k€46k▲
Financial fixed assets28€14k€27k▲
Current assets29/58€1.02M€410k▼
Amounts receivable within one year40/41€229k€273k▲
Trade receivables40€214k€273k▲
Other amounts receivable41€14k€64▼
Current investments50/53€450k-
Cash at bank and in hand54/58€298k€99k▼
Deferred charges and accrued income490/1€45k€37k▼
Equity and liabilities
Total equity and liabilities10/49€1.72M€1.07M▼
Equity10/15€237k€130k▼
Contributions10/11€180k€80k▼
Capital10€180k€80k▼
Issued capital100€180k€80k▼
Reserves13€47k€38k▼
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Tax-exempt reserves132€9k€369▼
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€11k€12k▲
Provisions and deferred taxes16€3k€123▼
Deferred taxes168€3k€123▼
Amounts payable17/49€1.48M€940k▼
Amounts payable after more than one year17€379k€573k▲
Financial debts170/4€376k€570k▲
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€1.10M€365k▼
Current portion of amounts payable after more than one year42€53k€62k▲
Financial debts43-€44k
Credit institutions430/8-€44k
Trade debts44€75k€98k▲
Suppliers440/4€75k€98k▲
Taxes, remuneration and social security45€170k€121k▼
Taxes450/3€104k€41k▼
Remuneration and social security454/9€66k€80k▲
Other amounts payable47/48€797k€40k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€16k€5k▼
Remuneration, social security and pensions62€497k€485k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€130k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€-6k▼
Other operating charges640/8€11k€23k▲
Non-recurring operating charges66A-€150
Gross operating margin9900€935k€671k▼
Operating profit (loss)9901€286k€38k▼
Financial income75/76B€181k€9k▼
Recurring financial income75€6k€9k▲
Non-recurring financial income76B€175k-
Financial charges65/66B€25k€29k▲
Recurring financial charges65€25k€29k▲
Profit (loss) for the period before taxes9903€443k€18k▼
Transfer from deferred taxes780€4k€3k▼
Income taxes67/77€56k€28k▼
Profit (loss) for the period9904€392k€-7k▼
Transfer from tax-exempt reserves789€13k€8k▼
Profit (loss) for the period to be appropriated9905€404k€983▼
Appropriation of the result
Profit (loss) to be appropriated9906€806k€12k▼
Profit (loss) brought forward from the previous period14P€401k€11k▼
Profit to be distributed694/7€795k-
Return on contributions (dividend)694€655k-
Directors or managers695€140k-
Social balance
Average headcount (FTE)90877.98.4▲
The notes to these accounts (26 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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €-7k ▼102%
Net result drops to €-7k, the lowest in the series.
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Highest result since 2019net €392k ▲136%
Operating result €286k, net result €392k, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €1MEq €1.03M ▲7.5%
4 profitable years in a row build equity to €1.03M.
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 directors, no change since 2024
Bibo Tax & Accounting
CurrentPresident du conseil d'administration · since 02-02-2024
Corinne Boumans
CurrentVerwalter · since 13-07-2023
Jonathan Binot
CurrentVerwalter · since 13-07-2023
René Michel
CurrentVerwalter · since 13-11-2018
René Miche
Not recently confirmedDelegierte verwalterin · since 04-02-2020
RMI Consulting SCPRL
Not recently confirmedDelegated administrator · since 13-11-2018
+ 1 not shown in this overview
12-12-2024
René Michel: Appointed as Verwalter
09-04-2024
Bibo Tax & Accounting: Appointed as President du conseil d'administration
09-04-2024
Bibo Tax & Accounting: Appointed as Managing director
09-04-2024
RMi CONSULTING: Resigned as President du conseil d'administration
09-04-2024
RMi CONSULTING: Resigned as Managing director
02-02-2024
Bibo Tax & Accounting: Appointed as Director
02-02-2024
RMi CONSULTING: Appointed as Director
02-02-2024
RMi CONSULTING: Appointed as Managing director
05-01-2024
Jean Davister: Resigned as Verwalter
13-07-2023
Corinne Boumans: Appointed as Verwalter
13-07-2023
Corinne Boumans: Appointed as Zusätzlicher verwalter
13-07-2023
Jonathan Binot: Appointed as Verwalter
13-07-2023
Jonathan Binot: Appointed as Zusätzlicher verwalter
25-03-2020
Erwin Schröder: Resigned as Verwalter
04-02-2020
René Miche: Appointed as Delegierte verwalterin
04-02-2020
Jean Davister: Appointed as Verwalter
13-11-2018
René Michel: Appointed as Delegated administrator
13-11-2018
René Michel: Appointed as Chairman of the board of directors
13-11-2018
RMI Consulting SCPRL: Appointed as Delegated administrator
13-11-2018
RMI Consulting SCPRL: Appointed as Chairman of the board of directors
03-11-2017
Herm Erwin Schröder: Appointed as Verwalter
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 1999
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.
Werthplatz 114700 Eupen1 establishment unit
Werthplatz 11, 4700 Eupen
since 19992.090.763.635
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 6,502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-02-1999
Fiscal year end31-03
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
74124
68322Real estate appraisal on a fee or contract basis
70312
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filings
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.