TTH Distribution
ActiveSummary
The computed 12-month bankruptcy probability of TTH Distribution is 3.7% (moderate). The 2025 annual accounts show negative equity (€-29k) and a net result of €52k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 18400 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+41
Solvency13▲+13
Growth78▲+46
Track record92
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.52 in 2024; short-term debt: 112.2% and cash: 37.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.2%
Return on assets
22%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 18%
← 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 04-08-2026, 4 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
4 d late
2024
122 d early
2023
100 d early
2021
32 d early
2020
19 d late
2019
32 d early
2018
21 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-29k▲ 64.4%
2024 · €-81k
Total assets
€237k▲ 35.6%
2024 · €174k
Net result
€52k▲ 590%
2024 · €8k
Working capital
€-80k▲ 34.3%
2024 · €-122k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€102k▲ 154%€-22k€-2k-€19k€42k▲ 123%
Net result€72k▲ 159%€-29k€-14k-€8k€52k▲ 590%
Equity€44k€15k▼ 65.4%€-88k-€-81k▲ 8.5%€-29k▲ 64.4%
Total assets€252k▲ 13.9%€321k▲ 27.6%€234k-€174k▼ 25.4%€237k▲ 35.6%
Debt€207k▼ 16.7%€306k▲ 47.5%€322k-€255k▼ 20.8%€265k▲ 4.0%
Working capital€-28k▲ 65.9%€-67k▼ 140%€-153k-€-122k▲ 20.1%€-80k▲ 34.3%
Staff (FTE)9.4▲ 11.9%9.8▲ 4.3%11.2-11.2=13.6▲ 21.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 123% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237k
Fixed assets
€51k ▲ 17.0%
Current assets
€185k ▲ 41.9%
Key figures and ratios
EBITDA
€57k▲
2024 · €34k
Cash flow
€67k▲
2024 · €23k
Solvency
-12.2%▲
2024 · -46.3%
Current ratio
0.70▲
2024 · 0.52
Quick ratio
0.38▲
2024 · 0.13
Debt to equity
-9.23▼
2024 · -3.16
ROA
22.0%▲
2024 · 4.3%
Interest coverage
5.46▲
2024 · 3.16
Debt ≤ 1 year
€265k▲
2024 · €253k
Income taxes
€6▼
2024 · €452
Staff costs
€237k▲
2024 · €185k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Remuneration, social security and pensions62 | - | €232k | €211k | €185k | €237k | ▲ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €22k | €27k | €15k | €15k | = |
| Other operating charges640/8 | - | €15k | €16k | €16k | €2k | ▼ 86.1% |
| Non-recurring operating charges66A | - | - | - | €8k | - | - |
| Gross operating margin9900 | €349k | €246k | €252k | €243k | €296k | ▲ 21.9% |
| Operating profit (loss)9901 | €102k | €-22k | €-2k | €19k | €42k | ▲ 123% |
| Financial income75/76B | - | €6k | €70 | €62 | €21k | ▲ 33,388% |
| Recurring financial income75 | €474 | €106 | €70 | €62 | €21k | ▲ 33,388% |
| Non-recurring financial income76B | - | €6k | - | - | - | - |
| Financial charges65/66B | - | €12k | €12k | €11k | €10k | ▼ 2.8% |
| Recurring financial charges65 | €12k | €12k | €12k | €11k | €10k | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €91k | €-29k | €-14k | €8k | €52k | ▲ 551% |
| Income taxes67/77 | €19k | €341 | €450 | €452 | €6 | ▼ 98.7% |
| Profit (loss) for the period9904 | €72k | €-29k | €-14k | €8k | €52k | ▲ 590% |
| Profit (loss) for the period to be appropriated9905 | €72k | €-29k | €-14k | €8k | €52k | ▲ 590% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €321k | €234k | €174k | €237k | ▲ 35.6% |
| Fixed assets21/28 | €72k | €115k | €77k | €44k | €51k | ▲ 17.0% |
| Tangible fixed assets22/27 | €71k | €114k | €76k | €43k | €49k | ▲ 13.9% |
| Plant, machinery and equipment23 | - | €5k | €2k | €1k | €20k | ▲ 1,672% |
| Furniture and vehicles24 | - | €56k | €29k | €9k | €9k | ▼ 6.4% |
| Other tangible fixed assets26 | - | €53k | €45k | €33k | €20k | ▼ 37.7% |
| Financial fixed assets28 | €902 | €902 | €902 | €902 | €2k | ▲ 166% |
| Current assets29/58 | €179k | €206k | €157k | €131k | €185k | ▲ 41.9% |
| Stocks and contracts in progress3 | €108k | €122k | €108k | €98k | €85k | ▼ 13.5% |
| Stocks30/36 | - | €122k | €108k | €98k | €85k | ▼ 13.5% |
| Amounts receivable within one year40/41 | €34k | €40k | €15k | €8k | €1k | ▼ 84.7% |
| Trade receivables40 | - | €17k | €14k | €6k | - | - |
| Other amounts receivable41 | - | €23k | €811 | €2k | €1k | ▼ 47.0% |
| Cash at bank and in hand54/58 | €35k | €41k | €32k | €23k | €88k | ▲ 290% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €11k | ▲ 620% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €321k | €234k | €174k | €237k | ▲ 35.6% |
| Equity10/15 | €44k | €15k | €-88k | €-81k | €-29k | ▲ 64.4% |
| Contributions10/11 | €25k | €25k | €25k | €26k | €26k | = |
| Capital10 | - | €25k | €25k | - | - | - |
| Issued capital100 | - | €25k | €25k | - | - | - |
| Reserves13 | €961 | €961 | €961 | - | - | - |
| Non-distributable reserves130/1 | - | €961 | €961 | - | - | - |
| Legal reserve130 | - | €961 | €961 | - | - | - |
| Profit (loss) carried forward14 | €18k | €-11k | €-114k | €-107k | €-55k | ▲ 48.7% |
| Amounts payable17/49 | €207k | €306k | €322k | €255k | €265k | ▲ 4.0% |
| Amounts payable after more than one year17 | - | €33k | €13k | €3k | - | - |
| Financial debts170/4 | - | €33k | €13k | €3k | - | - |
| Amounts payable within one year42/48 | €207k | €273k | €309k | €253k | €265k | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €10k | - | - |
| Trade debts44 | €167k | €219k | €264k | €185k | €190k | ▲ 2.6% |
| Suppliers440/4 | - | €219k | €264k | €185k | €190k | ▲ 2.6% |
| Taxes, remuneration and social security45 | - | €44k | €22k | €16k | €40k | ▲ 156% |
| Taxes450/3 | - | €11k | €1k | €450 | €5k | ▲ 1,014% |
| Remuneration and social security454/9 | - | €33k | €21k | €15k | €35k | ▲ 131% |
| Other amounts payable47/48 | - | €504 | €14k | €42k | €35k | ▼ 15.5% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €-29k | €-14k | €8k | €52k | ▲ 590% |
| + Depreciation and write-downs630 | €10k | €22k | €27k | €15k | €15k | = |
| Operating cash flow (approximation) | €82k | €-7k | €13k | €23k | €67k | ▲ 194% |
| Investment in fixed assets (approximation) | - | €-65k | - | €18k | €-23k | ▼ 227% |
| Change in cash | - | €6k | - | €-9k | €65k | ▲ 820% |
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
12-08
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Chaussée de Roodebeek 206, 1200 Woluwe-Saint-Lambert
10-08
KBO administration
Address struck
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €72k ▲159%
Operating result €102k, net result €72k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
Show earlier events
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2007
Ground area
2,244 m²
Building footprint
1,185 m²
Volume, LiDAR
10,814 m³
2 parcels, Brussels · tallest building 19.4 m, ±4 floors. Linked by address, not a title deed.
188
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20072.163.211.450
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0172/00V000 | Brussels | 2,053 m² | 1 · 1,095 m² | 19.4 m · 2 fl. |
| 21673D0055/00R006 | Brussels | 191 m² | 1 · 90 m² | 14.0 m · 4 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Lambrechts-Woluwe2.163.211.450
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 3,896 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
Founded07-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47512Retail sale of household textiles and bedding
47540Retail sale of electrical household appliances
47621Retail sale of newspapers and periodicals
47761Retail sale of flowers, plants, seeds and fertilisers
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.