TPLH
ActiveSummary
TPLH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,919 and a net result of -€2,938. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 17% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-9
Solvency36▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.85 in 2024; short-term debt: 60.9% and cash: 4.2% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1886 sector peers (2025).
NBB · sector comparisonPosition among 1886 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
37 d early
2023
72 d late
2022
32 d early
2021
25 d late
2020
27 d late
2019
39 d late
← 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 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,938
2024 · €69
Working capital
-€102,682▼ 68.5%
2024 · -€60,955
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,489▲ 740%-€25,177€20,480€15,938▼ 22.2%€22,873▲ 43.5%
Net result€21,619within the sector's middle half-€34,676below the sector's middle half€13,065within the sector's middle half€69below the sector's middle half▼ 99.5%-€2,938below the sector's middle half
Equity€132,399within the sector's middle half▲ 19.5%€97,723within the sector's middle half▼ 26.2%€110,788within the sector's middle half▲ 13.4%€110,857within the sector's middle half▲ 0.1%€107,919within the sector's middle half▼ 2.6%
Total assets€895,717within the sector's middle half▲ 42.4%€923,633within the sector's middle half▲ 3.1%€671,673within the sector's middle half▼ 27.3%€722,878within the sector's middle half▲ 7.6%€1.0mwithin the sector's middle half▲ 39.3%
Debt€763,319▲ 47.3%€825,910▲ 8.2%€560,885▼ 32.1%€612,021▲ 9.1%€898,845▲ 46.9%
Working capital-€89,655below the sector's middle half-€83,666below the sector's middle half▲ 6.7%-€38,580below the sector's middle half▲ 53.9%-€60,955below the sector's middle half▼ 58.0%-€102,682below the sector's middle half▼ 68.5%
Solvency14.8%below the sector's middle half▼ 2.8pp10.6%below the sector's middle half▼ 4.2pp16.5%within the sector's middle half▲ 5.9pp15.3%below the sector's middle half▼ 1.2pp10.7%below the sector's middle half▼ 4.6pp
Current ratio0.83below the sector's middle half▼ 0.170.86below the sector's middle half▲ 0.030.90within the sector's middle half▲ 0.040.85below the sector's middle half▼ 0.050.83below the sector's middle half▼ 0.02
Return on assets (ROA)2.4%within the sector's middle half▲ 3.1pp-3.8%below the sector's middle half▼ 6.2pp1.9%within the sector's middle half▲ 5.7pp0.0%below the sector's middle half▼ 1.9pp-0.3%below the sector's middle half▼ 0.3pp
Staff (FTE)7.2below the sector's middle half▲ 50.0%8.6within the sector's middle half▲ 19.4%7.5within the sector's middle half▼ 12.8%6.7below the sector's middle half▼ 10.7%5within the sector's middle half▼ 25.4%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€496,528 ▲ 31.9%
Current assets
€510,237 ▲ 47.3%
Equity and liabilities €1.0m
Equity
€107,919 ▼ 2.6%
Debt
€898,845 ▲ 46.9%
Debt's share of the balance-sheet total rises from 84.7% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128,947▲
2024 · €112,416
Cash flow
€103,136▲
2024 · €96,546
Quick ratio
0.82▼
2024 · 0.83
Debt to equity
8.33▲
2024 · 5.52
ROE
-2.7%▼
2024 · 0.1%
Interest coverage
5.00▼
2024 · 7.07
Debt ≤ 1 year
€612,919▲
2024 · €407,392
Debt > 1 year
€285,927▲
2024 · €204,629
Staff costs
€237,235▼
2024 · €295,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,165 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €281,456 | €396,836 | €355,323 | €295,516 | €237,235 | ▼ 19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €132,880 | €131,242 | €87,448 | €96,477 | €106,074 | ▲ 9.9% |
| Other operating charges640/8 | €18,812 | €21,986 | €13,462 | €16,084 | €13,948 | ▼ 13.3% |
| Gross operating margin9900 | €463,637 | €524,887 | €476,713 | €424,016 | €380,130 | ▼ 10.4% |
| Operating profit (loss)9901 | €30,489 | -€25,177 | €20,480 | €15,938 | €22,873 | ▲ 43.5% |
| Financial income75/76B | €1 | €0 | €23 | €20 | - | - |
| Recurring financial income75 | €1 | €0 | €23 | €20 | - | - |
| Financial charges65/66B | €8,871 | €9,499 | €7,438 | €15,890 | €25,811 | ▲ 62.4% |
| Recurring financial charges65 | €8,871 | €9,499 | €7,438 | €15,890 | €25,811 | ▲ 62.4% |
| Profit (loss) for the period before taxes9903 | €21,619 | -€34,676 | €13,065 | €69 | -€2,938 | ▼ 4,355% |
| Profit (loss) for the period9904 | €21,619 | -€34,676 | €13,065 | €69 | -€2,938 | ▼ 4,355% |
| Profit (loss) for the period to be appropriated9905 | €21,619 | -€34,676 | €13,065 | €69 | -€2,938 | ▼ 4,355% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €895,717 | €923,633 | €671,673 | €722,878 | €1.0m | ▲ 39.3% |
| Fixed assets21/28 | €447,651 | €410,173 | €323,018 | €376,442 | €496,528 | ▲ 31.9% |
| Tangible fixed assets22/27 | €441,851 | €404,373 | €317,218 | €370,507 | €490,593 | ▲ 32.4% |
| Plant, machinery and equipment23 | €185,156 | €191,416 | €151,328 | €116,207 | €166,294 | ▲ 43.1% |
| Furniture and vehicles24 | €74,642 | €86,059 | €54,498 | €46,234 | €28,799 | ▼ 37.7% |
| Leasing and similar rights25 | €182,052 | €126,898 | €111,391 | €208,066 | €295,500 | ▲ 42.0% |
| Financial fixed assets28 | €5,800 | €5,800 | €5,800 | €5,935 | €5,935 | = |
| Current assets29/58 | €448,067 | €513,460 | €348,656 | €346,436 | €510,237 | ▲ 47.3% |
| Stocks and contracts in progress3 | €7,190 | €25,628 | €18,984 | €9,773 | €8,892 | ▼ 9.0% |
| Stocks30/36 | €7,190 | €17,256 | €18,984 | €9,773 | €8,892 | ▼ 9.0% |
| Contracts in progress37 | - | €8,372 | - | - | - | - |
| Amounts receivable within one year40/41 | €325,891 | €383,202 | €275,040 | €296,836 | €447,979 | ▲ 50.9% |
| Trade receivables40 | €309,457 | €377,917 | €271,394 | €269,832 | €444,659 | ▲ 64.8% |
| Other amounts receivable41 | €16,434 | €5,285 | €3,646 | €27,004 | €3,320 | ▼ 87.7% |
| Cash at bank and in hand54/58 | €105,032 | €92,319 | €45,677 | €33,156 | €42,766 | ▲ 29.0% |
| Deferred charges and accrued income490/1 | €9,954 | €12,311 | €8,955 | €6,671 | €10,600 | ▲ 58.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €895,717 | €923,633 | €671,673 | €722,878 | €1.0m | ▲ 39.3% |
| Equity10/15 | €132,399 | €97,723 | €110,788 | €110,857 | €107,919 | ▼ 2.6% |
| Contributions10/11 | €20,100 | €20,100 | €22,110 | €22,110 | €22,110 | = |
| Reserves13 | €37,653 | €37,653 | €35,643 | €35,643 | €35,643 | = |
| Non-distributable reserves130/1 | €2,010 | €2,010 | - | - | - | - |
| Reserves not available under the articles1311 | €2,010 | €2,010 | - | - | - | - |
| Tax-exempt reserves132 | €20,394 | €20,394 | €20,394 | €20,394 | €20,394 | = |
| Distributable reserves133 | €15,249 | €15,249 | €15,249 | €15,249 | €15,249 | = |
| Profit (loss) carried forward14 | €74,646 | €39,970 | €53,035 | €53,104 | €50,166 | ▼ 5.5% |
| Amounts payable17/49 | €763,319 | €825,910 | €560,885 | €612,021 | €898,845 | ▲ 46.9% |
| Amounts payable after more than one year17 | €225,596 | €228,784 | €173,569 | €204,629 | €285,927 | ▲ 39.7% |
| Financial debts170/4 | €225,596 | €228,784 | €173,569 | €204,629 | €285,927 | ▲ 39.7% |
| Amounts payable within one year42/48 | €537,722 | €597,126 | €387,236 | €407,392 | €612,919 | ▲ 50.4% |
| Current portion of amounts payable after more than one year42 | €118,382 | €95,124 | €55,215 | €75,389 | €115,941 | ▲ 53.8% |
| Trade debts44 | €361,382 | €401,905 | €272,520 | €278,183 | €425,642 | ▲ 53.0% |
| Suppliers440/4 | €361,382 | €401,905 | €272,520 | €278,183 | €425,642 | ▲ 53.0% |
| Advances received on contracts in progress46 | - | €57,318 | €3,736 | €2,157 | - | - |
| Taxes, remuneration and social security45 | €32,491 | €20,728 | €38,027 | €30,278 | €53,124 | ▲ 75.5% |
| Taxes450/3 | €7,950 | €3,000 | €13,513 | €9,032 | €4,568 | ▼ 49.4% |
| Remuneration and social security454/9 | €24,541 | €17,728 | €24,514 | €21,247 | €48,556 | ▲ 129% |
| Other amounts payable47/48 | €25,468 | €22,051 | €17,738 | €21,384 | €18,210 | ▼ 14.8% |
| Accrued charges and deferred income492/3 | - | - | €80 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,619 | -€34,676 | €13,065 | €69 | -€2,938 | ▼ 4,355% |
| + Depreciation and write-downs630 | €132,880 | €131,242 | €87,448 | €96,477 | €106,074 | ▲ 9.9% |
| Operating cash flow (approximation) | €154,499 | €96,565 | €100,513 | €96,546 | €103,136 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€93,764 | -€293 | -€149,901 | -€226,160 | ▼ 50.9% |
| Change in cash | - | -€12,713 | -€46,642 | -€12,521 | €9,610 | ▲ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 72 days late
2023
31-12
Financial
Back to profitnet €13,065
Net result €13,065 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,788 ▲13.4%
Equity rises from €97,723 to €110,788.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€34,676
Net result drops to -€34,676, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Back to profitnet €21,619
Net result €21,619 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €68,506 ▲962%
Operating result €79,378, net result €68,506, both a record.
Show earlier events
31-12
Financial
Equity above €100,000Eq €114,993 ▲147%
2 profitable years in a row build equity to €114,993.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuze-en-Hainaut · 1 establishment unit since 2013
Ground area
4,622 m²
Building footprint
238 m²
Volume, LiDAR
1,344 m³
2 parcels, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TPLH
since 20132.216.884.916
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57020A0666/00G000 | Wallonia | 3,788 m² | 1 · 135 m² | 12.1 m · 3 fl. |
| 57036C0169/02G000 | Wallonia | 833 m² | 1 · 104 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43120Site preparation
43910Bricklaying and masonry work
Contact
E-mail
TPLH.SPRL@gmail.com
Phone
0472/43.26.21
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508677106
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.