Financials
Financial year 2025
THCO from Zwalm, company number BE0846132978, closed financial year 2025 with a result of € -30,056 after tax. For that financial year THCO recorded a gross margin of € 9,782 and equity of € 47,372. Compared with financial year 2024, the result moved from € 8,495 to € -30,056. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 31, 2026.
€ 47,372
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,056
▼ still € 8,495 profit in 2024
Profit after tax over the fiscal year.
€ 18,749
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 28,772.
People and assets in 2025
€ 33,370
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 337,900
▲ 15% vs 2024
€ 24,692 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 2,670
▼ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,412
▼ 39% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,097 | € 33,857 | € 58,095 | € 9,782 | ▼ 83% |
| Profit after taxes | € 2,348 | € 4,195 | € 8,495 | € -30,056 | ▼ € 38,551 |
| Equity | € 66,372 | € 69,767 | € 77,428 | € 47,372 | ▼ 39% |
| Total debts | € 325,346 | € 321,710 | € 330,027 | € 359,830 | ▲ 9% |
| Cash | € 18,834 | € 11,731 | € 44,542 | € 18,749 | ▼ 58% |
| Land & buildings | € 311,839 | € 309,083 | € 297,220 | € 334,922 | ▲ 13% |
| Retained profit | € 47,772 | € 51,167 | € 58,828 | € 28,772 | ▼ 51% |
| Dividend | € 800 | € 800 | € 833 | € 0 | ▼ 100% |
| Bank debt | € 312,688 | € 311,239 | € 294,279 | € 337,900 | ▲ 15% |
| Balance sheet total | € 391,718 | € 391,477 | € 407,456 | € 407,203 |
Key figures of THCO, 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 January 2027.
What happened to THCO?
What happened at THCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 30,056 (▼ € 38,551 vs 2024). filed late Source: NBB ↗
- New establishment in Zwalm. KBO
- Thomas Coorevits became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,348 profit in 2022 to € 30,056 loss in 2025.
Paid € 14,354 in corporate taxes since 2022.
Best year ever: 2024, with € 8,495 profit.
Paid out € 2,433 in dividends to the owners in total.
Management
Behind THCO is Thomas Coorevits.
Directors
According to the 2025 annual accounts
Thomas Coorevits
Manager
since 2012
Establishments
Establishment units
Physical locations of this company
Latemdreef(Munk) 109
9630 Zwalm
Latemdreef(Beerl) 109
9630 Zwalm
Active since 1 June 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0846.132.978
- VAT number
- BE 0846.132.978
- Registered office
- Latemdreef(Munk) 109, 9630 Zwalm
- Names & denominations
- THCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 2012
- Peppol
- Active · Active since 26 Nov 2025
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