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THM

Active Private limited companyfounded 2010active for 16 yearsDonderheide 12, 2500 LierKBO/BCE: BE 0828.544.009
THM
Financial year 2025
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Annual accounts 2025

micro format, filed on 25-08-2026, 25 days late
€16,366
▲ 87.5%
€12,582
▲ 124%
€14,905
▲ 103%
€13,711
▲ 118%
-510.3%
▲ 99.6 percentage points
0.07
▲ 0.01

Money flows

no detail for 2025

Balance sheet

balance sheet total €17,160 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-510.3%

Lower than 95% of 37,177 companies in 2025.

0.07

Lower than 95% of 36,472 companies in 2025.

66.4%

Higher than 95% of 36,707 companies in 2025.

THM Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 17,16016,22617,14922,96238,26353,91376,16679,12176,93343,66825,72919,12558,63161,32882,452
21/28 9,9379,2227,53511,33024,27038,71551,51456,21259,9761,3002,0059308,29516,5963,309
22/27 9,3428,6276,94010,73523,67538,12050,91955,61759,3817051,4103357,70016,0013,309
23 3,9081,4551,0041,4983,5456,1617,131--7051,4103131739191,334
24 1,2801,7724956,03716,13026,88337,63748,39051,079--227,52715,0321,859
26 4,1545,3995,4403,2004,0005,0766,1517,2278,302----50116
28 595595595595595595595595595595595595595595-
29/58 7,2237,0049,61411,63213,99315,19824,65222,90916,95742,36823,72418,19550,33644,73279,143
3 6,0846,9938,0689,13212,32013,56011,830--------
30/36 6,0846,9938,0689,13212,32013,56011,830--------
40/41 1,12801,535-1,2201,62712,81122,3985,69736,41222,24816,75241,73038,88830,315
40 1,12801,535-1,2201,62712,81122,3985,69736,35413,3937,1196,1572,0004,592
41 ---------588,8559,63335,57336,88825,723
54/58 1111112,500453111151111,2604,8425105057,6914,74848,713
490/1 ---------1,1149669389151,096115
Balance sheet: equity and liabilities
10/49 17,16016,22617,14922,96238,26353,91376,16679,12176,93343,66825,72919,12558,63161,32882,452
10/15 -87,566-98,955-103,511-91,727-84,522-68,769-37,479-4,801-6,869-19,282-19,553-3,29835,17132,30821,318
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,400
13 28,97128,97128,97128,97128,97128,97128,97128,97128,97128,97128,97128,97128,97126,10815,118
130/1 ---1,8601,8601,860---------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---1,8601,8601,860---------
133 28,97128,97128,97127,11127,11127,11127,11127,11127,11127,11127,11127,11127,11124,24813,258
14 -122,738-134,126-138,682-126,898-119,693-103,940-72,650-39,972-42,040-54,453-54,724-38,469---
17/49 104,727115,182120,660114,689122,785122,682113,64583,92283,80262,95045,28222,42323,46029,02061,134
17 -----------4,3018,43012,39416,200
170/4 -----------4,3018,43012,39416,200
42/48 104,727115,182120,035114,689122,285122,682113,64583,73183,80262,82145,05918,12215,03016,62644,934
42 ----------4,3014,1293,9643,8053,653
43 5,3365,5676,839--1,9896,2607,218--2,3774,129---
430/8 5,3365,5676,839--1,9896,2607,218--2,3774,129---
44 2,0301,9035102,6661,0712,4803,8294,76511,5972,7565,5611,5488,00812,82141,281
440/4 2,0301,9035102,6661,0712,4803,8294,76511,5972,7565,5611,5488,00812,82141,281
46 1,7681,768-------------
45 3,3073,3691,7331,1668013,0222,3995,9874,893---3,058--
450/3 1,3073697331,1668012,2722,3995,9874,893---3,058--
454/9 2,0003,0001,000--750---------
47/48 92,285102,574110,952110,857120,413115,191101,15765,76167,31260,06532,8208,316---
492/3 -0625-500--191-129223----
Income statement
70 ------51,61654,73885,50383,43666,09279,126180,883173,660260,642
76A --------4,872------
9900 16,3668,730-1,2848,238852-13,965-15,7579,20920,0623,076-13,032-28,42411,89223,32922,358
60/61 ------72,92652,24576,56380,49579,223108,181169,243150,889238,284
62 -095------------
630 2,3221,7218,17613,76514,44514,44513,8973,7644,4697057277,8358,3018,5082,322
640/8 1,4611,4041,2971,1601,1691,2091,2501,8782,105720589680676585877
66A ---------500313-500510-
9901 12,5825,605-10,852-6,687-14,762-29,619-30,9043,56713,4881,651-14,348-36,9392,91514,23619,159
75/76B 750-47---19600175231592,7832,4331,604
75 750-47---19600175231592,7832,4331,604
65/66B 8406305281605851,2611,3141,0201,5311,5551,6171,6891,3551,583565
65 8406305281605851,2611,3141,0201,5311,0551,6171,6891,3551,583565
66B ---------500-----
9903 11,8174,975-11,380-6,800-15,347-30,880-32,2182,56612,557271-16,255-38,4693,84314,57620,198
67/77 428419404405406410460498144---9803,5865,080
9904 11,3894,556-11,784-7,205-15,753-31,290-32,6782,06812,413271-16,255-38,4692,86310,99015,118
9905 11,3894,556-11,784-7,205-15,753-31,290-32,6782,06812,413271-16,255-38,4692,86310,99015,118
Appropriation of the result
9906 -122,738-134,126-138,682-126,898-119,693-103,940-72,650-39,972-42,040-54,453-54,724-38,4692,86310,99015,118
14P -134,126-138,682-126,898-119,693-103,940----------
691/2 ------------2,86310,99015,118
6920 --------------1,860
6921 ------------2,86310,99013,258
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The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421262.

Financial year Type Filed Reference Document
31-12-2025 micro format 25-08-2026 2026-00421262 PDF
31-12-2024 micro format 29-08-2025 2025-00454014 PDF
31-12-2023 micro format 24-06-2024 2024-00157543 PDF
31-12-2022 micro format 22-06-2023 2023-00150295 PDF
31-12-2021 micro format 10-06-2022 2022-20061622 PDF
31-12-2020 micro format 11-06-2021 2021-19700510 PDF
31-12-2019 micro format 28-07-2020 2020-36100292 PDF
31-12-2018 micro format 14-06-2019 2019-19400553 PDF
31-12-2017 micro format 22-08-2018 2018-48400270 PDF
31-12-2016 abbreviated format 28-06-2017 2017-22600098 PDF
31-12-2015 abbreviated format 17-08-2016 2016-43100282 PDF
31-12-2014 abbreviated format 17-07-2015 2015-32100308 PDF
31-12-2013 abbreviated format 07-08-2014 2014-40800135 PDF
31-12-2012 abbreviated format 12-08-2013 2013-41600464 PDF
31-12-2011 abbreviated format 17-10-2012 2012-61100556 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
14,9057,326-2,6767,078-317-15,174-17,0077,33117,9572,356-13,621-29,10411,21622,74421,481
13,7116,277-3,6096,560-1,308-16,845-18,7815,83216,882976-15,528-30,63411,16419,49817,440
3,0373,4084,38082501,6469,199063,14502,115470023,5455,631
00-2,4892,0474420-500-10,7496,4184,3325-7,1862,943-43,965-
-97,504-108,177-110,421-103,057-108,292-107,484-88,993-60,822-66,845-20,453-21,3357335,30628,10634,209
-------59.9%6.5%15.8%2.0%-21.7%-46.7%1.6%8.2%7.4%
-510.3%-609.8%-603.6%-399.5%-220.9%-127.6%-49.2%-6.1%-8.9%-44.2%-76.0%-17.2%60.0%52.7%25.9%
0.070.060.080.100.110.120.220.270.200.670.531.003.352.691.76
0.010.000.010.020.010.010.110.270.200.670.531.003.352.691.76
------------0.670.902.87
------------8.1%34.0%70.9%
66.4%28.1%-68.7%-31.4%-41.2%-58.0%-42.9%2.6%16.1%0.6%-63.2%-201.1%4.9%17.9%18.3%
17.7411.62-5.0744.24-0.54----------
------91 days149 days24 days159 days74 days33 days12 days4 days6 days
------19 days33 days55 days12 days26 days5 days17 days31 days63 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,037€3,408€4,380€825-
Financial fixed assets€0----
€2,322€1,721€8,176€13,765€14,445

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on THM

The operating result for 2025 is 124% higher than in 2024 and the highest since 2017. It is the second rise in a row, after the fall in 2023.

Equity is negative. Debt (€104,727) exceeds the balance-sheet total (€17,160).

Next steps

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