Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TORH from Tielt, company number BE0718748323, closed financial year 2025 with a result of € 166,650 after tax. For that financial year TORH recorded a gross margin of € 279,071 and equity of € -311,698. Compared with financial year 2024, the result moved from € 149,485 to € 166,650. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ -311,698
▲ € 166,650 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 166,650
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 73,405
▼ 66% 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 € -330,298.
Debts at end 2025
€ 1.2 million
▼ 12% vs 2024
€ 178,562 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 128
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,226
▼ 53% 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 | € 246,111 | € 252,314 | € 270,159 | € 279,071 | ▲ 3% |
| Profit after taxes | € 163,290 | € 142,476 | € 149,485 | € 166,650 | ▲ 11% |
| Equity | € -770,310 | € -627,834 | € -478,348 | € -311,698 | ▲ € 166,650 |
| Total debts | € 2,603,171 | € 2,453,540 | € 2,328,633 | € 2,010,805 | ▼ 14% |
| Cash | € 115,406 | € 157,510 | € 217,139 | € 73,405 | ▼ 66% |
| Land & buildings | € 1,702,693 | € 1,667,919 | € 1,633,145 | € 1,598,372 | ▼ 2% |
| Retained profit | € -788,910 | € -646,434 | € -496,948 | € -330,298 | ▲ € 166,650 |
| Bank debt | € 1,737,017 | € 1,568,672 | € 1,400,352 | € 1,226,948 | ▼ 12% |
| Balance sheet total | € 1,832,862 | € 1,825,706 | € 1,850,285 | € 1,699,108 | ▼ 8% |
Key figures of TORH, 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 TORH?
What happened at TORH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 166,650 (▲ 11% vs 2024). filed late Source: NBB ↗
- 4C-GROUP BV became a director. NBB
- Anton Casteleyn became a director. NBB
- New establishment in Tielt. KBO
- New establishment in Affligem. KBO
- Start of the company according to the CBE. KBO
In short
From € 163,290 profit in 2022 to € 166,650 profit in 2025.
Best year ever: 2025, with € 166,650 profit.
A new publication or filing at TORH? 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 4C-Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TORHBehind TORH are 4C-GROUP BV and Anton Casteleyn. The shares are held by 4C-Group (100%).
Directors
According to the 2025 annual accounts
Director · represented by Katelijn Dubaere
since 2024
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ingelmunstersteenweg 23
8760 Tielt
Bellestraat 225
1790 Affligem
Active since 16 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →TUK TUK
€ 7,507 gross margin · 2025
RELION
€ 930,855 gross margin · 2025
4C-Group same network
€ 119,988 gross margin · 2025
WG 625
€ 112,333 gross margin · 2025
BM BANT
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0718.748.323
- VAT number
- BE 0718.748.323
- Registered office
- Ingelmunstersteenweg 23, 8760 Tielt
- Names & denominations
- TORH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 2019
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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