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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TH from Berlare, company number BE0414278783, closed financial year 2025 with a result of € 25,705 after tax. For that financial year TH recorded a gross margin of € 84,141 and equity of € 449,269. Compared with financial year 2024, the result moved from € 33,011 to € 25,705. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 449,269
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,705
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 46,584
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 356,309.
People and assets in 2025
€ 18,330
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 42
▼ 99% vs 2024
Loans from banks and other lenders, long and short.
€ 4,205
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 402
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 94,861 | € 81,249 | € 82,622 | € 84,141 | ▲ 2% |
| Profit after taxes | € 40,666 | € 36,853 | € 33,011 | € 25,705 | ▼ 22% |
| Equity | € 453,700 | € 490,553 | € 423,564 | € 449,269 | ▲ 6% |
| Total debts | € 55,993 | € 24,393 | € 116,473 | € 87,231 | ▼ 25% |
| Cash | € 20,789 | € 29,120 | € 34,574 | € 46,584 | ▲ 35% |
| Land & buildings | € 115,237 | € 108,377 | € 115,263 | € 157,824 | ▲ 37% |
| Retained profit | € 360,987 | € 399,328 | € 333,826 | € 356,309 | ▲ 7% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 25,649 | € 15,681 | € 5,777 | € 42 | ▼ 99% |
| Balance sheet total | € 509,693 | € 514,946 | € 540,037 | € 536,499 | ▼ 1% |
Key figures of TH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TH?
What happened at TH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lutgard Hertecant stepped down as director. NBB
- Piet Taelman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 25,705 (▼ 22% vs 2024). Source: NBB ↗
- Lutgard Hertecant became a director. NBB
- Piet Taelman became a director. NBB
- New establishment in Berlare. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,666 profit in 2022 to € 25,705 profit in 2025.
Paid € 66,353 in corporate taxes since 2022.
Best year ever: 2022, with € 40,666 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Lutgard Hertecant
Director
Also active at: Notaris Hertecant Lutgard, notarisvennootschap, Hertecant en Taelman, geassocieerde notarissen
since 2021 · until 2027
Piet Taelman
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Burg. de Lausnaystraat(O) 38
9290 Berlare
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
- 0414.278.783
- VAT number
- BE 0414.278.783
- Registered office
- Burg. de Lausnaystraat(O) 38, 9290 Berlare
- Names & denominations
- TH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 May 1974
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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