TVH Parts Holding

Active

Public limited companyfounded 2009active for 16 yearsBrabantstraat 15, 8790 Waregem, Belgium20 active companies are registered at this addressKBO/BCE: BE 0822.308.590

Summary

TVH Parts Holding has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278.5m and a net result of €63.3m. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 37% of 542 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

TVH Parts HoldingActiveChecked score 86/100

Risk analysis Report Compare

Activity

Rental and leasing activities

NACE 77400Repair and maintenance of computers and communication equipment NACE 95100

Largest employer in West Flanders, Rental and leasing sector4 sites

Size

€223.5mturnover 2025

Staff: 450 FTE
Equity: €278.5m
Profit: €63.3m

Net result -59%: 15-month year

Financial health

86 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: TVH Global · 100%
Board: 14 members
Holdings: 5

SILEXManaging director · permanent representative Dominiek Valcke

Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 14 days early

Why 86raises riskLiquidity: current ratio 0.68, cash €87,792, halvedlowers riskSize: turnover €223.5m, 450 FTE, total assets €925.7mFounded in 2009Figures for financial year 2025 (filed 17-07-2026)Show the evidence

Checked score

Score 2025

86 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 45% of its sector peers (all companies)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 55-4

equity 30.1% of total assets

Liquidity 40-12

short-term debt 26.1% · cash 0.0%

Profitability 62-7

return on assets 6.8%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (15 companies, NACE 77, large)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%▼ -0.2 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025 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: 0.5%▲ +0.2 percentage points vs 04-2026 06-2026: 0.7%▲ +0.2 percentage points vs 05-2026 07-2026: 1.2%▲ +0.5 percentage points vs 06-2026highest value 08-2026: 0.3%▼ -0.9 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026

Credit of up to €22,300,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.68, compared with 1.07 in 2024, below 1; short-term debt: 26.1% and cash: 0% of total assets), and 69.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 44% on solvency, 42% on liquidity and 50% on profitability.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.68, cash €87,792, halved

NBB · annual accounts

Size: turnover €223.5m, 450 FTE, total assets €925.7m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2009

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 17-07-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

7 days early

2023

28 days early

2022

10 days early

2021

3 days early

2020

8 days early

2019

28 days early

← 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 before the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

17-07-2026 Annual accounts filedfinancial year 2025 · full…
08-05-2026 Appointments: Wyna Management BV (director) and…Permanent representatives: Tanja Dysli, Anne-Marie…
04-09-2025 Amendment of the articlesPower of attorney

Key points

Positive: Largest employer in West Flanders, Rental and leasing sectorin the Checked rankings No. 1 View
Positive: 6 years of growth in a rowturnover 2025: €223.5m 6 years View
Controlled by TVH Globalultimately: Wehold BO 100% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Result fell in 202515-month financial year ▼ 59.4% View
New directorlatest change 08-01-2026 · 14 in office 1 joined View
Flemish supportawarded from 2022 to 2025 €77,916 View

By topic

Financials

Financial year: 2025
Turnover: €223.5m
Profit: €63.3m
Solvency: 30.1%

Turnover▲ 21.0%

Net result

20192025

Go to Financials

Board & ownership

Board: 14 members
Parent: TVH Global · 100%
Auditor: Ernst et Young Reviseurs…

AraskoDirector
BLUE THUMBDirector
Giant StepsDirector
KRIBOMADirector
NEIMITDirector

and 9 other directors

Go to Board & ownership

Network & group

Group: Wehold BO
Subsidiaries, all levels: 72
Direct holdings: 5
Connected companies: 33

and 12 more

72 subsidiaries

Go to Network & group

Timeline

Events: 73
Since: 2010

30-05-2025Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
23-04-2025Annual accounts filed
03-04-2025Capital & shares

Go to Timeline

Company details

Sites: 4

Legal form: Public limited company
Activity: Rental and leasing activitiesNACE 77400
Founded: 30-12-2009
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 4

Annual meeting: Last Friday of June
Purpose: “De vennootschap heeft tot voorwerp, in België als in het buitenland, zowel voor eigen…” (deed in Dutch)

Go to Articles of association

Key facts about TVH Parts Holding

What is the company number of TVH Parts Holding?: 0822.308.590. In Belgium the VAT number is the company number with BE in front: BE 0822.308.590.
Where is TVH Parts Holding based?: The registered office is at Brabantstraat 15, 8790 Waregem.Company details
What does TVH Parts Holding do?: According to the KBO register, the main activity is rental and leasing activities (NACE 77400).
What is the legal form of TVH Parts Holding?: Public limited company (NV).
When was TVH Parts Holding founded?: On 30-12-2009.
Is TVH Parts Holding still active?: Yes, TVH Parts Holding is an active enterprise in the KBO register.
How many employees does TVH Parts Holding have?: On average 450 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TVH Parts Holding?: €223.5m in financial year 2025, according to the filed annual accounts.
Is TVH Parts Holding profitable?: In financial year 2025, TVH Parts Holding made a profit of €63.3m.
Where can I find the annual accounts of TVH Parts Holding?: TVH Parts Holding filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.