Financials
- Financial year
- 2025
- Total assets
- €643,568
- Loss
- -€38,191
- Solvency
- 35.0%
Total assets▼ 0.2%
Net result
20182025
THK
ActiveSummary
THK has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,542 and a net result of -€38,191. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 48% of 12,678 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Retail trade
NACE 47523Wholesale trade NACE 46835
1 site
Size
€643,568total assets 2025
- Staff
- 5.6 FTE
- Equity
- €225,542
- Loss
- -€38,191
Turnover not published (abbreviated format)
Structure
- Parent
- LAMAR MANAGEMENT · 100%
- LAMAR MANAGEMENTDirector · permanent representative VANBAELEN Kristel
2025 accounts 15 days early2 of 6 deeds summarised
Why 64raises riskLoss of €38,191, the second in a row (financial year 2025)1 change of registered office in 24 monthsSize: 5.6 FTE, total assets €643,568lowers riskFigures for financial year 2025 (filed 16-07-2026)Show the evidence
Checked score
Score 2025
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 32% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Weak
Solvency
60-6
equity 35.0% of total assets
Liquidity
39-2
short-term debt 35.4% · cash 3.7%
Profitability
11-10
return on assets -5.9%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%▲ +0.3 percentage points vs 06-2025
08-2025: 1.3%▲ +0.5 percentage points vs 07-2025
09-2025: 0.7%▼ -0.6 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.9 percentage points vs 05-2026
07-2026: 1.9%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 1.3%▼ -0.6 percentage points vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.46, compared with 2.99 in 2024, above the usual 1.5; short-term debt: 35.4% and cash: 3.7% of total assets), but 65% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 47, micro): better than 50% on solvency, 36% on liquidity, 18% on profitability and 23% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€38,191
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
27 days late
2023
40 days early
2022
56 days early
2021
37 days early
2020
50 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Board
- 1 member
- Parent
- LAMAR MANAGEMENT · 100%
- LAMAR MANAGEMENTDirector
Timeline
- Events
- 21
- Since
- 2013
- Next accounts
- by 31-07-2027
- 21-06-2024Annual accounts filed
- 31-07-2023Resignation: LAMAR MANAGEMENT (zaakvoerder,thans bestuurder genaamd)
- 05-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail tradeNACE 47523
- Founded
- 06-10-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 8
- Annual meeting
- First Friday of June at 18:00
- Purpose
- “Groothandel en kleinhandel van producten voor de bouwnijverheid,en fabricatie ervan…” (deed in Dutch)
Key facts about THK
- What is the company number of THK?
- 0840.012.476. In Belgium the VAT number is the company number with BE in front: BE 0840.012.476.
- Where is THK based?
- The registered office is at Astridlaan 249, 3900 Pelt.Company details
- What does THK do?
- According to the KBO register, the main activity is retail trade (NACE 47523).
- What is the legal form of THK?
- Private limited company (BV).
- When was THK founded?
- On 06-10-2011.
- Is THK still active?
- Yes, THK is an active enterprise in the KBO register.
- How many employees does THK have?
- On average 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of THK?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is THK profitable?
- In financial year 2025, THK made a loss of €38,191.
- Where can I find the annual accounts of THK?
- THK filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THK due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to THK
Parent and group
- LAMAR MANAGEMENT100%
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