TH-Solutions
ActiveSummary
TH-Solutions has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €108k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency63▼-37
Growth63▼-15
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 4.09 in 2024; short-term debt: 61.5% and cash: 30.3% of total assets), but 61.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
38.4%
Return on assets
27.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
63 d early
2024
22 d late
2023
37 d early
2022
25 d late
2021
31 d late
2020
46 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€201k▲ 0.3%
2024 · €201k
2024: €201k
2024 → 2025
EBIT margin
67.3%▲ 16.7pp
2024 · 50.6%
2024: 50.6%
2024 → 2025
Net result
€108k▲ 32.7%
2024 · €82k
2020: €59k
2021: €63k
2022: €69k
2023: €76k
2024: €82k
2020 → 2025
Working capital
€142k▼ 33.2%
2024 · €213k
2020: €49k
2021: €112k
2022: €174k
2023: €185k
2024: €213k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€201k€201k▲ 0.3%
Equity€114k-€183k▲ 60.2%€194k▲ 5.8%€222k▲ 14.7%€149k▼ 32.9%
Operating result€81k-€88k▲ 8.1%€98k▲ 12.1%€102k▲ 3.5%€136k▲ 33.4%
Net result€63k-€69k▲ 8.6%€76k▲ 9.9%€82k▲ 7.9%€108k▲ 32.7%
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 four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €388k
Fixed assets
€8k ▼ 21.1%
Current assets
€381k ▲ 35.4%
Equity and liabilities €388k
Equity
€149k ▼ 32.9%
Debt
€239k ▲ 248%
Debt's share of the balance-sheet total rises from 23.6% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€139k▲
2024 · €104k
Cash flow
€111k▲
2024 · €84k
Current ratio
1.59▼
2024 · 4.09
Debt to equity
1.61▲
2024 · 0.31
ROE
72.6%▲
2024 · 36.7%
ROA
27.9%▼
2024 · 28.0%
Interest coverage
161.01▲
2024 · 61.54
Debt ≤ 1 year
€239k▲
2024 · €69k
Income taxes
€32k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€291k€388k▲
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€10k€8k▼
Plant, machinery and equipment23€267€113▼
Furniture and vehicles24€9k€7k▼
Current assets29/58€281k€381k▲
Amounts receivable within one year40/41€22k€79k▲
Trade receivables40€21k€78k▲
Other amounts receivable41€692€692=
Current investments50/53€144k€174k▲
Cash at bank and in hand54/58€115k€118k▲
Deferred charges and accrued income490/1€560€11k▲
Equity and liabilities
Total equity and liabilities10/49€291k€388k▲
Equity10/15€222k€149k▼
Contributions10/11€1k€1k=
Reserves13€221k€148k▼
Distributable reserves133€221k€148k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€69k€239k▲
Amounts payable within one year42/48€69k€239k▲
Trade debts44€466€38k▲
Suppliers440/4€466€38k▲
Taxes, remuneration and social security45€23k€46k▲
Taxes450/3€23k€46k▲
Other amounts payable47/48€46k€155k▲
Accrued charges and deferred income492/3-€617
Income statement
Code20242025
Turnover70€201k€201k▲
Non-recurring operating income76A€0€0=
Goods, raw materials, services and sundry goods60/61€100k€90k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€157€448▲
Gross operating margin9900€105k€139k▲
Operating profit (loss)9901€102k€136k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€2k€861▼
Recurring financial charges65€2k€861▼
Profit (loss) for the period before taxes9903€104k€140k▲
Income taxes67/77€23k€32k▲
Profit (loss) for the period9904€82k€108k▲
Profit (loss) for the period to be appropriated9905€82k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€108k▲
Transfer from equity791/2-€73k
Transfer to equity691/2€29k€0▼
To other reserves6921€29k€0▼
Profit to be distributed694/7€53k€181k▲
Return on contributions (dividend)694€53k€181k▲
The notes to these accounts (9 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €108k ▲32.7%
Operating result €136k, net result €108k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Equity above €200kEq €222k ▲14.7%
5 profitable years in a row build equity to €222k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €150kEq €183k ▲60.2%
3 profitable years in a row build equity to €183k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €114k ▲124%
2 profitable years in a row build equity to €114k.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herent · 1 establishment unit since 2020
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.
Heidestraat 3C3020 HerentGround area
1,209 m²
Building footprint
140 m²
Volume, LiDAR
441 m³
Parcel 24127C0016/00E000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TH-Solutions
since 20202.299.022.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127C0016/00E000 | Flanders | 1,209 m² | 1 · 140 m² | 8.0 m · 1 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.
Similar companies · same sector, comparable size
BOULDER MOUNTAIN SOLUTIONS
BE 0777.865.764
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bITss
BE 0887.608.396
Willebroek · Eq €149,024
ThommITment
BE 0789.321.563
Ravels · Eq €148,975
Lambik IT
BE 0798.851.715
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DEVENIT
BE 0884.462.331
Herent · Eq €148,949
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 15,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.