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THV

Active
Private limited companyfounded 2003active for 23 yearsRuspoel 8, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0479.308.276
Summary

THV has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209,472 and a net result of €62,399. Equity has been growing by about 55% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 28-01-2003 Normal situation
Activity
No activity registered in the KBO
Establishment unit
2.123.207.066 9820 Merelbeke-Melle, since 18-02-2003
Financial year end
31 December
Peppol
Reachable since 30-07-2025

Board and ownership

Board

Financial position

99 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€92,198
▲ 1.4%
Turnover
≈ €280,000
estimated
Profit
€62,399
▲ 12.5%
Equity
€209,472
▲ 42.4%
Total assets
€217,737
▲ 34.9%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 22.32, cash €115,736Equity €209,472 (96.2% of total assets)Founded in 2003Show the evidence

Checked score

Score 2025
99 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 90% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 96.2% of total assets
Liquidity 100+12
short-term debt 3.8% · cash 53.2%
Profitability 100=
return on assets 28.7%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025highest value 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 22.32 (8.54 in 2024), above the usual 1.5. Short-term debt is 3.8% and cash 53.2% of total assets. 3.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 92% on profitability and 80% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 22.32, cash €115,736
NBB · annual accounts
lowers risk · Equity €209,472 (96.2% of total assets)
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
38 days early
2023
41 days early
2022
13 days early
2021
12 days early
2020
31 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 27 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 6 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €62,399 8 years View
  • Positive: Equity rose in 2025from €147,073 to €209,472 ▲ 42.4% View

Recent changes

  1. · Gazette deed Changes of role: ter Haar Bartel (director) and Vergin Maryline Colette (director)
  2. · Gazette deed Incorporation
All 20 events

Key facts about THV

What is the company number of THV?
The company number of THV is 0479.308.276. The VAT number is the same number with BE in front: BE 0479.308.276.
Where is THV based?
The registered office is at Ruspoel 8, 9820 Merelbeke-Melle.Company details
What is the legal form of THV?
The legal form of THV is Private limited company (BV).
When was THV founded?
THV was founded on 28-01-2003.
Is THV still active?
Yes, THV is an active enterprise in the KBO register.
What is the turnover of THV?
The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €92,198 and 2,672 comparable companies of the same size. It probably lies between €180,000 and €480,000. It is a rough estimate.Financials
Is THV profitable?
In financial year 2025, THV made a profit of €62,399.
Where can I find the annual accounts of THV?
THV filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THV due?
THV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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