TVH Global
ActiveTVH Global has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.02B and a net result of €116.80M. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-2
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
short-term debt: 0% and cash: 0% of total assets, and 0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
5.8%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
12 d early
2022
2 d early
2021
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, consolidated, statutory
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€116.80M▼ 9.9%
2024 · €129.70M
2021: €-39.27M
2022: €61.08M
2023: €35.31M
2024: €129.70M
2021 → 2025
Working capital
€54.82M▼ 5.9%
2024 · €58.29M
2021: €-944.09M
2022: €79.41M
2023: €46.82M
2024: €58.29M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€962.55M-€1.92B▲ 99.5%€1.96B▲ 1.8%€2.01B▲ 2.9%€2.02B▲ 0.3%
Operating result€-152k-€-1.18M▼ 675%€-1.30M▼ 10.6%€-1.10M▲ 15.3%€-1.22M▼ 10.6%
Net result€-39.27M-€61.08M€35.31M▼ 42.2%€129.70M▲ 267%€116.80M▼ 9.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.22M in 2025 against €1.10M in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.02B
Fixed assets
€1.96B▲ 0.5%
Current assets
€55.01M▼ 6.1%
Equity and liabilities €2.02B
Equity
€2.02B▲ 0.3%
Debt
€380k▲ 28.1%
The debt ratio stays at 0.0%.
Key figures and ratios
Solvency
100.0%=
2024 · 100.0%
Debt / equity
0.00▲
2024 · 0.00
ROE
5.8%▼
2024 · 6.4%
ROA
5.8%▼
2024 · 6.4%
Debt
€380k▲
2024 · €297k
Debt ≤ 1 year
€181k▼
2024 · €297k
Income taxes
€0=
2024 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €2.02B, equity €2.02B).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.01B€2.02B▲
Fixed assets21/28€1.95B€1.96B▲
Financial fixed assets28€1.95B€1.96B▲
Affiliated companies280/1€1.95B€1.96B▲
Participating interests280€1.94B€1.96B▲
Amounts receivable281€10.00M-
Current assets29/58€58.59M€55.01M▼
Amounts receivable within one year40/41€58.34M€54.88M▼
Other amounts receivable41€58.34M€54.88M▼
Cash at bank and in hand54/58€113k€73k▼
Deferred charges and accrued income490/1€136k€47k▼
Equity and liabilities
Total equity and liabilities10/49€2.01B€2.02B▲
Equity10/15€2.01B€2.02B▲
Contributions10/11€1.86B€1.86B=
Capital10€1.42B€1.42B=
Issued capital100€1.42B€1.42B=
Outside capital11€440.54M€440.54M=
Share premium1100/10€440.54M€440.54M=
Reserves13€11.30M€17.15M▲
Non-distributable reserves130/1€11.30M€17.15M▲
Legal reserve130€11.30M€17.15M▲
Profit (loss) carried forward14€141.79M€141.26M▼
Amounts payable17/49€297k€380k▲
Amounts payable within one year42/48€297k€181k▼
Trade debts44€294k€177k▼
Suppliers440/4€294k€177k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Accrued charges and deferred income492/3-€200k
Income statement
Code20242025
Operating income70/76A€197€197▲
Other operating income74€197€197▲
Operating charges60/66A€1.10M€1.22M▲
Services and other goods61€1.10M€1.22M▲
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€-1.10M€-1.22M▼
Financial income75/76B€132.08M€118.02M▼
Recurring financial income75€132.08M€99.06M▼
Income from financial fixed assets750€130.00M€98.00M▼
Income from current assets751€2.08M€1.06M▼
Non-recurring financial income76B-€18.97M
Financial charges65/66B€1.27M€504▼
Recurring financial charges65€1.27M€504▼
Debt charges650€1.27M-
Other financial charges652/9€469€504▲
Profit (loss) for the period before taxes9903€129.70M€116.80M▼
Income taxes67/77€0€0=
Taxes670/3€0€0=
Profit (loss) for the period9904€129.70M€116.80M▼
Profit (loss) for the period to be appropriated9905€129.70M€116.80M▼
Appropriation of the result
Profit (loss) to be appropriated9906€221.28M€258.60M▲
Profit (loss) brought forward from the previous period14P€91.57M€141.79M▲
Transfer to equity691/2€6.49M€5.84M▼
To the legal reserve6920€6.49M€5.84M▼
Profit to be distributed694/7€73.00M€111.50M▲
Return on contributions (dividend)694€73.00M€111.50M▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-09
Financial
Highest result since 2021net €129.70M ▲267%
Net result €129.70M, the highest in the series.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Liquidity times 25current ratio 918.19
Current ratio from 36.15 to 918.19; short-term debt falls from €2.26M to €51k.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €61.08M
Net result €61.08M after one loss-making year.
30-09
Financial
Liquidity times 195current ratio 36.15
Current ratio from 0.19 to 36.15; short-term debt falls from €1.16B to €2.26M.
30-09
Financial
Equity above €1000MEq €1.92B ▲99.5%
Equity rises from €962.55M to €1.92B.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Waregem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brabantstraat 158790 WaregemGround area
4.3 ha
Building footprint
2.1 ha
Volume, LiDAR
290,328 m³
Parcel 34453F1108/00D000, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Brabantstraat 15, 8790 Waregem
since 20212.346.375.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F1108/00D000 | Flanders | 4.3 ha | 1 · 2.1 ha | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
3 subsidiariesRecognitions · licences · registrations
Legal Entity Identifier
549300CZHA748G9WKP15
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,402. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-02-2021
Fiscal year end30-09
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.