Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Thomas Hoogwerkers from Merchtem, company number BE0400752035, closed financial year 2024 with a result of € 131,614 after tax. For that financial year Thomas Hoogwerkers recorded a gross margin of € 777,677 and equity of € 410,331. Compared with financial year 2023, the result moved from € 105,459 to € 131,614. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 410,331
▲ 47% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 131,614
▲ 25% vs 2023
Profit after tax over the fiscal year.
€ 5,682
▲ 284% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 391,731.
People and assets in 2024
6.2
▲ 1.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 396,736
▲ 45% vs 2023
€ 64,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 161,376
▲ € 126,720 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 3.3 million
▲ 19% vs 2023
€ 182,428 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 780,698
▲ 289% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 128,372
▲ 37% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 424,951 | € 350,349 | € 493,593 | € 777,677 | ▲ 58% |
| Profit after taxes | € 68,494 | € 40,308 | € 105,459 | € 131,614 | ▲ 25% |
| Equity | € 172,951 | € 173,258 | € 278,717 | € 410,331 | ▲ 47% |
| Total debts | € 1,596,618 | € 1,497,342 | € 3,210,365 | € 4,322,712 | ▲ 35% |
| Cash | € 357,100 | € 11,569 | € 1,479 | € 5,682 | ▲ 284% |
| Land & buildings | € 974,109 | € 940,011 | € 905,914 | € 3,271,820 | ▲ 261% |
| Retained profit | € 154,351 | € 154,658 | € 260,117 | € 391,731 | ▲ 51% |
| Dividend | € 40,000 | € 40,000 | € 0 | € 0 | |
| Bank debt | € 936,693 | € 996,411 | € 2,818,984 | € 3,344,465 | ▲ 19% |
| Balance sheet total | € 1,769,568 | € 1,670,600 | € 3,489,082 | € 4,733,043 | ▲ 36% |
| Employees (FTE) | 3.8 | 3.7 | 4.4 | 6.2 | ▲ 1.8 |
Key figures of Thomas Hoogwerkers, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Thomas Hoogwerkers?
What happened at Thomas Hoogwerkers in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 131,614 (▲ 25% vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Merchtem. KBO
In short
From € 68,494 profit in 2021 to € 131,614 profit in 2024.
Paid € 10,841 in corporate taxes since 2021.
Best year ever: 2024, with € 131,614 profit.
On average € 125,400 of value added per employee in 2024.
Management
The stake of MT Holding, Maetens comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Thomas HoogwerkersBehind Thomas Hoogwerkers are MT Holding BV and Michiel Thomas. The shares are held by MT Holding (80%) and Maetens (20%).
Directors
According to the 2024 annual accounts
Director · represented by Lieve LUYTEN
Shareholders
80%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 142
1785 Merchtem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.752.035
- VAT number
- BE 0400.752.035
- Registered office
- Brusselsesteenweg 142, 1785 Merchtem
- Names & denominations
- Thomas Hoogwerkers
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in aanhangwagens, opleggers en caravans
Vervaardiging van overige machines voor de landbouw en de bosbouw
Handel in aanhangwagens, opleggers en caravans
Carrosserieherstelling (inclusief spuiten en verven)
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van machines voor de landbouw en de bosbouw
Vervaardiging van hijs-, hef- en transportwerktuigen
Onderhoud en reparatie van motorvoertuigen, neg
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