Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 7.5 to 6.
Financials
Financial year 2025
T-HL International from Brugge, company number BE0823267704, closed financial year 2025 with a result of € 65,222 after tax. For that financial year T-HL International recorded a gross margin of € 663,230 and equity of € 984,928. Compared with financial year 2024, the result moved from € 4,639 to € 65,222. 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 January 14, 2026.
€ 984,928
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 65,222
▲ € 60,583 vs 2024
Profit after tax over the fiscal year.
€ 11,010
▼ 39% 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 € 117,928.
People and assets in 2025
6
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 410,710
▼ 3% vs 2024
€ 68,500 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.
€ 22,307
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 664,000
▲ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 1.9 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,860
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 162,777 | € 669,671 | € 620,117 | € 663,230 | ▲ 7% |
| Profit after taxes | € -279,852 | € 2,550 | € 4,639 | € 65,222 | ▲ € 60,583 |
| Equity | € 12,518 | € 915,067 | € 919,706 | € 984,928 | ▲ 7% |
| Total debts | € 3,037,459 | € 2,799,547 | € 2,626,271 | € 2,615,222 | |
| Cash | € 18,891 | € 14,267 | € 18,109 | € 11,010 | ▼ 39% |
| Retained profit | € -749,482 | € 48,067 | € 52,706 | € 117,928 | ▲ 124% |
| Bank debt | € 1,152,000 | € 803,600 | € 484,000 | € 664,000 | ▲ 37% |
| Balance sheet total | € 3,049,977 | € 3,714,615 | € 3,545,977 | € 3,600,150 | ▲ 2% |
| Employees (FTE) | 9.5 | 7.5 | 6.4 | 6 | ▼ 0.4 |
Key figures of T-HL International, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to T-HL International?
What happened at T-HL International in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 65,222 (▲ € 60,583 vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 279,852 loss in 2022 to € 65,222 profit in 2025.
Paid € 2,822 in corporate taxes since 2022.
Best year ever: 2025, with € 65,222 profit.
On average € 110,500 of value added per employee in 2025.
A new publication or filing at T-HL International? 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 Square Equity comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T-HL InternationalBehind T-HL International is Icsonviva BV. The shares are held by Square Equity (100%). It owns 100% of T-HL Belgium itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Kurt De Vreese
Also active at: T-HL BELGIUM, Square Equity
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Sint-Jakobsstraat 52
8000 Brugge
Sint-Jakobsstraat 52/54
8000 Brugge
Active since 18 February 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
t-hl.com
Registered
2004-02-06
Registrar
EuroDNS S.A.
Expires
2027-02-06
Website info
Features
Security
Details
- Company number
- 0823.267.704
- VAT number
- BE 0823.267.704
- Registered office
- Sint-Jakobsstraat 52, 8000 Brugge
- Names & denominations
- T-HL International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2010
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- t-hl.com [email protected] 050444396
- Activities · NACE
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