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 52 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
TH Trucks Kortrijk from Harelbeke, company number BE0415621343, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year TH Trucks Kortrijk recorded revenue of € 40.3 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € 227,697 to € 1.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 4.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ € 1.3 million vs 2024
Profit after tax over the fiscal year.
€ 44,072
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
100 % of the profit went to the shareholders, mostly to TH Trucks Belux Torhout NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
71.4
▲ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 9% vs 2024
€ 78,300 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.
€ 409,722
▼ 51% vs 2024
Of which on lease € 334,070.
Debts at end 2025
€ 1.1 million
▼ 41% vs 2024
€ 446,288 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 1.5 million
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 62,074,504 | € 85,813,016 | € 48,620,707 | € 40,259,222 | ▼ 17% |
| Profit after taxes | € 439,006 | € 156,900 | € 227,697 | € 1,501,856 | ▲ € 1.3 million |
| Equity | € 3,775,017 | € 3,931,916 | € 4,059,614 | € 4,061,470 | |
| Total debts | € 20,756,453 | € 30,273,282 | € 14,449,895 | € 12,333,986 | ▼ 15% |
| Cash | € 1,229,237 | € 684,798 | € 69,422 | € 44,072 | ▼ 37% |
| Land & buildings | € 3,535,753 | € 3,372,540 | € 3,211,295 | € 3,072,799 | ▼ 4% |
| Retained profit | € 3,452,755 | € 3,609,655 | € 3,737,352 | € 3,739,208 | |
| Dividend | € 400,000 | € 0 | € 100,000 | € 1,500,000 | ▲ € 1.4 million |
| Bank debt | € 1,624,205 | € 2,399,491 | € 1,803,398 | € 1,062,959 | ▼ 41% |
| Balance sheet total | € 24,716,704 | € 34,367,480 | € 18,611,483 | € 16,481,482 | ▼ 11% |
| Employees (FTE) | 67.1 | 64 | 67.9 | 71.4 | ▲ 3.5 |
Key figures of TH Trucks Kortrijk, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TH Trucks Kortrijk?
What happened at TH Trucks Kortrijk in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alfir Hall Clifford BV stepped down as director. NBB
- Bart Dobbels stepped down as director. NBB
- Piet Wauters stepped down as director. NBB
- Turbo's Hoet Group NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ € 1.3 million vs 2024). Source: NBB ↗
- Alfir Hall Clifford BV became a director. NBB
- Bart Dobbels became a director. NBB
- Piet Wauters became a director. NBB
In short
From € 439,006 profit in 2022 to € 1.5 million profit in 2025.
Paid € 955,917 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 2 million in dividends to the owners in total.
A new publication or filing at TH Trucks Kortrijk? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by TH Trucks Belux Torhout NV (99.9%) and Immo Spillier NV (0.1%).
Directors
According to the 2025 annual accounts
Alfir Hall Clifford BV
Managing director · represented by Inge Hoet
Also active at: SNELVERVOER TANGHE, TH Trucks Hainaut, TH Trucks Namur, TURBO'S HOET BELGIUM, TH Trucks Brussel, TH Trucks Charleroi, TURBO'S HOET GROUP, TURBO'S HOET GROUP FINANCE
since 2024 · until 2030
since 2024 · until 2030
Piet Wauters
Managing director
Also active at: TH Trucks Belux, TH Trucks Namur, TH Trucks Brugge, TH Trucks Brussel, TH Trucks Liège, TH Trucks Charleroi, TURBO'S HOET RUSSIA
since 2024 · until 2030
since 2024 · until 2030
Shareholders
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 295
8530 Harelbeke
Bruggesteenweg 249
8830 Hooglede
Active since 1 January 1976
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.621.343
- VAT number
- BE 0415.621.343
- Registered office
- Kortrijksesteenweg 295, 8530 Harelbeke
- Names & denominations
- TH Trucks Kortrijk
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 November 1975
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in andere motorvoertuigen (> 3,5 ton)
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Carrosserieherstelling (inclusief spuiten en verven)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Vervaardiging van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
+6