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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TH from Gerpinnes, company number BE0774546384, closed financial year 2025 with a result of € 363,085 after tax. For that financial year TH recorded a gross margin of € 751,090 and equity of € 121,405. Compared with financial year 2024, the result moved from € 277,406 to € 363,085. Profitable, and profit is growing. The buffer shrank hard: equity is 81 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 121,405
▼ 81% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 363,085
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 405,539
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 865,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 255,598
▲ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 178,625
▲ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 287,188
▼ 25% vs 2024
€ 104,102 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 57,754
▲ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 176,991
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 129,920 | € 578,807 | € 605,478 | € 751,090 | ▲ 24% |
| Profit after taxes | € -53,236 | € 299,149 | € 277,406 | € 363,085 | ▲ 31% |
| Equity | € 46,764 | € 345,913 | € 623,320 | € 121,405 | ▼ 81% |
| Total debts | € 1,018,402 | € 1,206,817 | € 1,311,304 | € 1,951,517 | ▲ 49% |
| Cash | € 406,579 | € 345,358 | € 262,334 | € 405,539 | ▲ 55% |
| Retained profit | € -53,236 | € 245,913 | € 523,320 | € 21,405 | ▼ 96% |
| Dividend | € 0 | € 0 | € 0 | € 865,000 | |
| Bank debt | € 451,000 | € 372,315 | € 384,179 | € 287,188 | ▼ 25% |
| Balance sheet total | € 1,065,166 | € 1,552,730 | € 1,934,624 | € 2,072,921 | ▲ 7% |
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 31 July 2027.
What happened to TH?
What happened at TH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 363,085 (▲ 31% vs 2024). Source: NBB ↗
- New establishment in Gerpinnes. KBO
- THOMAS HANNECART became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 53,236 loss in 2022 to € 363,085 profit in 2025.
Paid € 264,646 in corporate taxes since 2022.
Best year ever: 2025, with € 363,085 profit.
Paid out € 865,000 in dividends to the owners in total.
Management
Behind TH is THOMAS HANNECART.
Directors
According to the 2025 annual accounts
THOMAS HANNECART
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Chaussée de Philippeville(GER) 184
6280 Gerpinnes
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.
Website
Technologies
Website info
Features
Details
- Company number
- 0774.546.384
- VAT number
- BE 0774.546.384
- Registered office
- Chaussée de Philippeville(GER) 184, 6280 Gerpinnes
- Names & denominations
- TH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 2021
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- balicocospa.be
- Activities · NACE
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