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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
THL from Brugge, company number BE0461402274, closed financial year 2025 with a result of € 64,849 after tax. For that financial year THL recorded a gross margin of € 50,550 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 2.1 million to € 64,849. 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 August 30, 2026.
€ 2.5 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,849
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 181,240
▼ 46% 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 € 2.4 million.
Debts at end 2025
€ 5,000
Loans from banks and other lenders, long and short.
€ 2,353
▲ € 2,227 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 249,945
▲ 16% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 70,496 | € 61,149 | € 3,046,785 | € 50,550 | ▼ 98% |
| Profit after taxes | € 39,841 | € 32,837 | € 2,077,338 | € 64,849 | ▼ 97% |
| Equity | € 289,211 | € 322,048 | € 2,399,385 | € 2,464,234 | ▲ 3% |
| Total debts | € 38,995 | € 15,119 | € 230,037 | € 261,787 | ▲ 14% |
| Cash | € 189,055 | € 181,408 | € 338,635 | € 181,240 | ▼ 46% |
| Land & buildings | € 74,557 | € 71,558 | - | - | |
| Retained profit | € 270,619 | € 303,456 | € 2,380,793 | € 2,445,642 | ▲ 3% |
| Bank debt | € 6,960 | € 0 | € 5,000 | € 5,000 | |
| Balance sheet total | € 328,206 | € 337,167 | € 2,629,422 | € 2,726,021 | ▲ 4% |
Key figures of THL, 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 THL?
What happened at THL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 64,849 (▼ 97% vs 2024). filed late Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,841 profit in 2022 to € 64,849 profit in 2025.
Paid € 1 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.1 million profit.
A new publication or filing at THL? 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 stake of Fracel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THLBehind THL is Robert Lagrand. The shares are held by Fracel (48%).
Establishments
Establishment units
Physical locations of this company
Baron de Maerelaan 74
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0461.402.274
- VAT number
- BE 0461.402.274
- Registered office
- Baron de Maerelaan 74, 8380 Brugge
- Names & denominations
- THL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 1997
- Peppol
- Not registered