Losses
-€10,862 in two years
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
TVH
Lifetime
3 annual accounts with figures on one time axispeak €92,718 (2022)
€63,270▲ 5.4%
lowest -€7,548 (2023)
-€3,314▲ €4,233
peak €21,503 (2022)
€10,641▼ 23.7%
€103,980▲ 54.0%
Board1 name since 2022
1 directorVan Herck Toon
Documentsfilings and deeds
29-08-202529 days late
2024micro format
Loss of €3,314Equity from €13,955 to €10,641Debts from €67,538 to €103,980Cash from €7,849 to €21,278
Key points
from the 2024 annual accountsTurnover
≈ €240,000 estimated
The micro format states no turnover.
Debts
€103,980 91% of the balance sheet
Financial debts 60%Suppliers 33%Taxes and wages 7%
Of this, €41,480 falls due within a year.
Liquidity
2.57 was 1.11 in 2023
Short-term debts fell from €67,538 to €41,480.
Filings
3 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
9.3%
Lower solvency than 86% of companies in specialised construction. Sector median 46.6% · 35,956 companies.
Checked score
47
Fair
Financially stronger than 24% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.1%
01-2025: 4.0%▼ -0.1 percentage points vs 12-2024
02-2025: 4.0%● unchanged vs 01-2025
03-2025: 4.0%● unchanged vs 02-2025
04-2025: 4.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.7%▼ -0.4 percentage points vs 04-2025
06-2025: 3.8%▲ +0.1 percentage points vs 05-2025
07-2025: 3.8%● unchanged vs 06-2025
08-2025: 4.5%▲ +0.7 percentage points vs 07-2025highest value
09-2025: 1.9%▼ -2.6 percentage points vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026lowest value
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.4%▲ +0.4 percentage points vs 07-2026
09-2026: 2.7%▲ +0.3 percentage points vs 08-2026
10-2026: 3.9%▲ +1.2 percentage points vs 09-2026
11-2026: 3.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 29-08-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 29 days late; 2 of the last 3 accounts late
Founded in 2021
lowers risk
Liquidity: current ratio 2.57, cash €21,278
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 13% of them on solvency, 54% on liquidity, 14% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 849 companies had the same profile as TVH has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TVH itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 849 companies, not a prediction for TVH. 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
Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.57 (1.11 in 2023), above the usual 1.5. Short-term debt is 36.2% and cash 18.6% of total assets. However, 90.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year -€3,314
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 35956 sector peers (2024).
NBB · sector comparisonPosition among 35956 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 3 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 29 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
61 days late
2022
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 41 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0773750192
Incorporation
published on 14-09-2021 · Gazette deed
First establishment
Kasteellei 99, Wijnegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TVH Wijnegem | €114,621 | €63,270 | 9.3% | - |
| ATIPIK CONSTRUCT Thuin | €123,206 | €74,564 | 9.6% | - |
| DG Bezettingswerken Lille | €125,406 | €45,367 | 18.8% | - |
| Stefan De Pauw Antwerp | €128,977 | €50,995 | 83.4% | - |
| AAT Stukadoorsbedrijf Hoogstraten | €86,959 | €53,389 | 61.8% | - |
| Alle plafonneringswerken Duchène Jeff Lille | €93,774 | €59,648 | 42.3% | - |
| DEHA Bever | €117,850 | €53,806 | 43.5% | - |
These companies have the same main activity as TVH: plastering work (NACE 43310). They are comparable in size and age: total assets between €87,000 and €129,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 10-09-2021Normal situation
- Activity
- Plastering workNACE 43310and 5 others
- Joint committee
- 124Construction · annual accounts 2024
- Establishment unit
- 2.321.712.0242110 Wijnegem, since 10-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Insights on TVH
TVH files the micro format. That format states no turnover. The gross margin fell from €92,718 in 2022 to €63,270 in 2024.
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 TVH
- What is the company number of TVH?
- The company number of TVH is 0773.750.192. The VAT number is the same number with BE in front: BE 0773.750.192.
- Where is TVH based?
- The registered office is at Kasteellei 99, 2110 Wijnegem.Company details
- What does TVH do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of TVH?
- TVH is a private limited company (BV).
- When was TVH founded?
- TVH was founded on 10-09-2021.
- Is TVH still active?
- Yes, TVH is an active enterprise in the KBO register.
- How many employees does TVH have?
- TVH had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does TVH fall under?
- In its 2024 annual accounts, TVH states joint committee 124 (Construction).
- What is the turnover of TVH?
- The turnover in financial year 2024 is ≈ €240,000. This figure is estimated from the gross margin of €63,270 and 89 comparable companies (NACE 433). It probably lies between €160,000 and €400,000.
- Is TVH profitable?
- In financial year 2024, TVH made a loss of €3,314.
- Where can I find the annual accounts of TVH?
- TVH filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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