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TVH PARTS

Active Public limited companyfounded 1983active for 42 yearsBrabantstraat 15, 8790 WaregemKBO/BCE: BE 0425.399.042 subsidiary of TVH Parts Holding#1 company by total assets in West Flanders, Machinery and equipment sector
Part of the group TVH Global 74 companies in 31 countries
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Lifetime

20 annual accounts with figures on one time axis, 40 filings since 1985
peak €825.1m (2025)
€825.1m▲ 5.6%
peak €134.7m (2024)
€102.7m▼ 23.8%
peak €1.02bn (2025)
€1.02bn▲ 5.7%
€408.2m▼ 1.5%
peak 1,657.5 FTE (2024)
1,647.9 FTE▼ 0.6%
Board23 names since 2011all names
3 directorsRASERVA and 2 others
Owners5 names in the annual accounts
100%TVH Parts Holding and 1 other
Documentsfilings and deeds
15-04-202615 days before the deadline
2025financial year
Appointment: Jeannie Williams (director) 08-101 director appointed, 1 resignation, 1 statutory auditor reap… 27-05Dividend €48.0m1 establishment registeredInvestments €24.0m

Key points

from the 2025 annual accounts

Equity

€1.02bn ▲ 5.7%

TVH PARTS has made a profit in every financial year since 2006.

Staff

1,699 employees on 30-09-2025
22323320214122462022427276202312914120242212082025

In 2025, 221 people joined and 208 left. On top of that, 85.1 agency workers worked there on average.

Filings

40 annual accounts since 1985
deadline1990200020102020

The last five annual accounts were filed 5 to 26 days before the end of the period.

Board

2 left

Directors left. Latest change 08-05-2026 · 3 in office.

Position in the sector

€102.7m

Higher net result than 95% of companies in machinery and equipment. Sector median €150,798 · 384 companies.

Checked score

90
Excellent
Financially stronger than 62% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 16 companies (NACE 28, large).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%▲ +0.2 percentage points vs 04-2025highest value 06-2025: 0.2%▼ -0.3 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%▼ -0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

96+1equity 71.5% of total assets
44-2short-term debt 19.4% · cash 0.1%
64-3return on assets 7.2%

Score breakdown

raises risk
Liquidity: current ratio 1.34, cash €974,480
lowers risk
Founded in 1983
Size: turnover €825.1m, 1,647.9 FTE, total assets €1.43bn
Equity €1.02bn (71.5% of total assets)
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 (all companies). It does better than 83% of them on solvency, 48% on liquidity, 54% on profitability and 62% on growth.

The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

Credit verdict

Credit of up to €82,500,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.34 (1.56 in 2024), below the usual 1.5. Short-term debt is 19.4% and cash 0.1% of total assets. 28.5% 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.34, cash €974,480
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €825.1m, 1,647.9 FTE, total assets €1.43bn
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €1.02bn (71.5% of total assets)
NBB · annual accounts
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 15-04-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
5 days early
2023
26 days early
2022
9 days early
2021
9 days early
2020
17 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 21 April (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
30-09-2026 year end08-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

R
Director, Luc Rasschaert, since 01-06-2024
I
Director, Carine Van Landschoot, since 01-04-2025
JW
Director, since 26-07-2025

Shares in 58 companies, including ACCOSYS INC and Asia Industrial Trading Ltd

Board & ownership

Recent changes

Algemene Vergadering - Boekjaar General meeting of 28-05-2026 · Gazette deed
2 directors resigning, 1 reappointment Resignations: SILEX BV (managing director) and Arasko CommV · Reappointment: Arasko CommV · Director discharge: SILEX BV · General meeting of 27-03-2026 · Gazette deed
New establishment in Waregem Mannebeekstraat 6
Registered in the Peppol Directory Reachable for e-invoices through 0208:0425399042
All 87 events

Official details

Source: KBO
Status
Active since 31-12-1983Normal situation
Registered office
19 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28220and 2 others
Joint committees
149.04Metal trade
200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
Establishment units
2.024.122.6558560 Wevelgem, since 06-03-1984
2.153.759.1958880 Ledegem, since 01-01-2006and 8 others
Financial year end
30 September
Peppol
Reachable since 29-12-2025
Company details

Annual accounts to 30-09-2025

€1.43bn▲ 3.5%
Employeeson 30-09-2025
1,699▲ 0.8%
Filing
Filed on 15-04-2026, 15 days before the end of the filing period
Financials

Companies linked to TVH PARTS

Insights on TVH PARTS

TVH PARTS has existed since 1983. Turnover grew from €219.1m in 2006 to €825.1m in 2025 and staff from 889.3 to 1,647.9 full-time equivalents.

Turnover has grown every year since 2020.

TVH Parts Holding holds all the shares.

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 PARTS

What is the company number of TVH PARTS?
The company number of TVH PARTS is 0425.399.042. The VAT number is the same number with BE in front: BE 0425.399.042.
Where is TVH PARTS based?
The registered office is at Brabantstraat 15, 8790 Waregem.Company details
What does TVH PARTS do?
According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28220).
What is the legal form of TVH PARTS?
TVH PARTS is a public limited company (NV).
When was TVH PARTS founded?
TVH PARTS was founded on 31-12-1983.
Is TVH PARTS still active?
Yes, TVH PARTS is an active enterprise in the KBO register.
How many employees does TVH PARTS have?
TVH PARTS had an average of 1,647.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does TVH PARTS fall under?
In its 30-09-2025 annual accounts, TVH PARTS states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
What is the turnover of TVH PARTS?
The turnover of TVH PARTS was €825.1m in financial year 2025, according to the filed annual accounts.
Is TVH PARTS profitable?
In financial year 2025, TVH PARTS made a profit of €102.7m.
Where can I find the annual accounts of TVH PARTS?
TVH PARTS filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TVH PARTS due?
TVH PARTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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