THK
ActiveTHK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €-38k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency77▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.99 in 2024), but 65% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€38k
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 d early
2024
27 d late
2023
40 d early
2022
56 d early
2021
37 d early
2020
50 d early
2019
32 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€226k▼ 14.5%
2024 · €264k
2018: €100k
2019: €144k
2020: €151k
2021: €296k
2022: €301k
2023: €301k
2024: €264k
2018 → 2025
Total assets
€644k▼ 0.2%
2024 · €645k
2018: €449k
2019: €499k
2020: €507k
2021: €750k
2022: €1.23M
2023: €777k
2024: €645k
2018 → 2025
Net result
€-38k▼ 2.5%
2024 · €-37k
2018: €-61k
2019: €44k
2020: €7k
2021: €145k
2022: €5k
2023: €471
2024: €-37k
2018 → 2025
Working capital
€333k▼ 4.4%
2024 · €348k
2018: €124k
2019: €150k
2020: €140k
2021: €237k
2022: €228k
2023: €393k
2024: €348k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€296k-€301k▲ 1.5%€301k▲ 0.2%€264k▼ 12.4%€226k▼ 14.5%
Operating result€174k-€9k▼ 94.9%€12k▲ 40.1%€-26k€-30k▼ 14.1%
Net result€145k-€5k▼ 96.9%€471▼ 89.6%€-37k€-38k▼ 2.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €26k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644k
Fixed assets
€83k▼ 32.2%
Current assets
€561k▲ 7.2%
Equity and liabilities €644k
Equity
€226k▼ 14.5%
Debt
€418k▲ 9.6%
The debt ratio rises from 59.1% to 65.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-5k▼
2024 · €22k
Cash flow
€-13k▼
2024 · €11k
Solvency
35.0%▼
2024 · 40.9%
Current ratio
2.46▼
2024 · 2.99
Quick ratio
1.64▲
2024 · 1.64
Debt / equity
1.85▲
2024 · 1.45
ROE
-16.9%▼
2024 · -14.1%
ROA
-5.9%▼
2024 · -5.8%
Interest coverage
-0.34▼
2024 · 1.16
Debt
€418k▲
2024 · €381k
Debt ≤ 1 year
€228k▲
2024 · €175k
Debt > 1 year
€190k▼
2024 · €207k
Income taxes
€214▲
2024 · €204
Staff costs
€286k▼
2024 · €325k
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€645k€644k▼
Fixed assets21/28€122k€83k▼
Intangible fixed assets21€754€2k▲
Tangible fixed assets22/27€118k€70k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€49k€4k▼
Leasing and similar rights25€56k€40k▼
Other tangible fixed assets26€9k€22k▲
Financial fixed assets28€3k€11k▲
Current assets29/58€523k€561k▲
Amounts receivable after more than one year29€122k€168k▲
Other amounts receivable291€122k€168k▲
Stocks and contracts in progress3€236k€186k▼
Stocks30/36€236k€186k▼
Amounts receivable within one year40/41€114k€138k▲
Trade receivables40€83k€108k▲
Other amounts receivable41€30k€30k▼
Cash at bank and in hand54/58€7k€24k▲
Deferred charges and accrued income490/1€44k€45k▲
Equity and liabilities
Total equity and liabilities10/49€645k€644k▼
Equity10/15€264k€226k▼
Contributions10/11€300k€300k=
Reserves13€129k€129k=
Tax-exempt reserves132€126k€84k▼
Distributable reserves133€2k€45k▲
Profit (loss) carried forward14€-165k€-203k▼
Amounts payable17/49€381k€418k▲
Amounts payable after more than one year17€207k€190k▼
Financial debts170/4€207k€190k▼
Amounts payable within one year42/48€175k€228k▲
Current portion of amounts payable after more than one year42€41k€16k▼
Trade debts44€81k€153k▲
Suppliers440/4€81k€153k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€51k€59k▲
Taxes450/3€20k€21k▲
Remuneration and social security454/9€31k€38k▲
Other amounts payable47/48€1k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€33k▲
Remuneration, social security and pensions62€325k€286k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€25k▼
Other operating charges640/8€15k€13k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€362k€295k▼
Operating profit (loss)9901€-26k€-30k▼
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€19k€14k▼
Recurring financial charges65€19k€14k▼
Profit (loss) for the period before taxes9903€-37k€-38k▼
Income taxes67/77€204€214▲
Profit (loss) for the period9904€-37k€-38k▼
Transfer from tax-exempt reserves789-€42k
Profit (loss) for the period to be appropriated9905€-37k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-165k€-161k▲
Profit (loss) brought forward from the previous period14P€-128k€-165k▼
Transfer to equity691/2-€42k
To other reserves6921-€42k
Social balance
Average headcount (FTE)90876.05.6▼
The notes to these accounts (24 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €145k ▲1922%
Operating result €174k, net result €145k, both a record.
31-12
Financial
Equity above €200kEq €296k ▲95.8%
3 profitable years in a row build equity to €296k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €151k ▲5%
2 profitable years in a row build equity to €151k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Equity above €100kEq €144k ▲44.2%
Equity rises from €100k to €144k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-07-2023
LAMAR MANAGEMENT: Resigned as Director
08-11-2016
Kwanten Leon: Resigned as Manager
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2011
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.
Astridlaan 2493900 PeltGround area
2,459 m²
Building footprint
858 m²
Volume, LiDAR
4,665 m³
Parcel 72502E0105/00T033, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kwanten Tegelhandel
since 20112.204.734.279
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0105/00T033 | Flanders | 2,459 m² | 1 · 858 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
PPC Belgium
BE 0792.955.204
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SolidFloors
BE 0556.733.280
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XERAM
BE 0665.759.302
Kuurne · Eq €215k
Parva Erica
BE 0806.064.258
Bree · Eq €239k
CELA
BE 0632.945.388
Hasselt · Eq €239k
Of 167 companies in sector 46835 we hold annual accounts for 112. 74 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2011
Fiscal year end31-12
Activities, NACEBEL
46835Wholesale trade
47523Retail trade
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
46832Wholesale of timber
46836Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.