Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
TH2 from Gerpinnes, company number BE0551839433, closed financial year 2025 with a result of € -46,913 after tax. For that financial year TH2 recorded a gross margin of € -19,060 and equity of € 544,844. Compared with financial year 2024, the result moved from € -64,721 to € -46,913. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 544,844
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -46,913
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 166,922
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 24,844.
People and assets in 2025
€ 1,788
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,578
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,721
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,768 | € -990 | € -34,219 | € -19,060 | ▲ € 15,159 |
| Profit after taxes | € 5,280 | € -24,120 | € -64,721 | € -46,913 | ▲ € 17,808 |
| Equity | € 680,598 | € 656,478 | € 591,757 | € 544,844 | ▼ 8% |
| Total debts | € 201,541 | € 184,149 | € 172,442 | € 100,086 | ▼ 42% |
| Cash | € 160,031 | € 118,398 | € 111,246 | € 166,922 | ▲ 50% |
| Land & buildings | € 281,333 | € 265,333 | € 249,333 | € 233,333 | ▼ 6% |
| Retained profit | € 160,598 | € 136,478 | € 71,757 | € 24,844 | ▼ 65% |
| Dividend | € 4,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 50,000 | € 50,000 | € 50,000 | € 0 | ▼ 100% |
| Balance sheet total | € 882,139 | € 840,627 | € 764,199 | € 644,930 | ▼ 16% |
Key figures of TH2, 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 TH2?
What happened at TH2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 46,913. Source: NBB ↗
- New establishment in Gerpinnes. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,280 profit in 2022 to € 46,913 loss in 2025.
Paid € 4,712 in corporate taxes since 2022.
Best year ever: 2022, with € 5,280 profit.
Paid out € 4,000 in dividends to the owners in total.
Management
Behind TH2 is BERTRAND BAILLEUX.
Directors
According to the 2025 annual accounts
BERTRAND BAILLEUX
Director
Establishments
Establishment units
Physical locations of this company
Chaussée de Philippeville(GER) 184
6280 Gerpinnes
Chaussée de Philippeville(GER) 201
6280 Gerpinnes
Active since 30 April 2014
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
- 0551.839.433
- VAT number
- BE 0551.839.433
- Registered office
- Chaussée de Philippeville(GER) 184, 6280 Gerpinnes
- Names & denominations
- TH2
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2014
- Peppol
- Active · Active since 15 Sept 2026
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