Equity
-€87,566
Debts exceed assets in financial year 2025.
THM
Lifetime
15 annual accounts with figures on one time axispeak €23,329 (2012)
€16,366▲ 87.5%
lowest -€38,469 (2014)
€11,389▲ 150%
peak €35,171 (2013)
-€87,566▲ €11,389
€104,727▼ 9.1%
Board2 names since 2021
1 director
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €8,730 to €16,366Result from €4,556 to €11,389
Key points
from the 2025 annual accountsDebts
€104,727 610% of the balance sheet
Financial debts 5%Suppliers 2%Taxes and wages 3%Other 90%
Position in the sector
-510.3%
Lower solvency than 95% of companies in specialised construction. Sector median 46.9% · 37,177 companies.
2025 accounts filed 25 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,631 companies had the same profile as THM has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,631 companies, not a prediction for THM. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0828544009
New director
appointed, resigned · “De uitbating van een onderneming voor verwarming, klimaatregeling en ventilatie, omvattend de aanneming van…” (deed in Dutch) · Director discharge: · General meeting of 13-02-2023 · Gazette deed
Registered office moved from Duffel to Koningshooikt
New registered office: Donderheide 12 te 2500 Koningshooikt · Previous registered office: Lintsesteenweg 136 te 2570 Duffel · General meeting of 03-11-2015 · Gazette deed
Incorporation
published on 19-08-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THM Lier | €17,160 | €16,366 | -510.3% | - |
| SEGERS Zoersel | €23,134 | €13,859 | 27.1% | - |
| LOODGIETERIJ FRITS Mortsel | €28,912 | €13,277 | 74.7% | - |
| SOVITECH Wavre | €23,906 | €13,253 | 84.8% | - |
| ADL Industry Zaventem | €22,332 | €20,260 | 87.0% | - |
| TSToitures Juprelle | €11,687 | €13,502 | -16.1% | - |
| DYNAM HEAT Perwez | €23,992 | €15,061 | 22.9% | - |
These companies have the same main activity as THM: plumbing work (NACE 43221). They are comparable in size and age: total assets between €11,700 and €28,900, founded between 2003 and 2014.
Official details
Source: KBO- Status
- Active since 17-08-2010Normal situation
- Activity
- Plumbing workNACE 43221
- Establishment unit
- 2.191.065.0012500 Lier, since 17-08-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Insights on THM
THM files the micro format. That format states no turnover. The gross margin fell from €22,358 in 2011 to €16,366 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THM
- What is the company number of THM?
- The company number of THM is 0828.544.009. The VAT number is the same number with BE in front: BE 0828.544.009.
- Where is THM based?
- The registered office is at Donderheide 12, 2500 Lier.Company details
- What does THM do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of THM?
- THM is a private limited company (BV).
- When was THM founded?
- THM was founded on 17-08-2010.
- Is THM still active?
- Yes, THM is an active enterprise in the KBO register.
- What is the turnover of THM?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €16,366 and 37 comparable companies (NACE 43221). It probably lies between €100,000 and €300,000. It is a rough estimate. In financial year 2019 turnover was €51,616.Financials
- Is THM profitable?
- In financial year 2025, THM made a profit of €11,389.
- Where can I find the annual accounts of THM?
- THM filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THM due?
- THM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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