ACTIVE

TH

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Financial year 2025 · closed on 30/06/2025
Net result
25,7 k €
-22.1% YoY
Gross margin
84,1 k €
+1.8% YoY
Equity
449,3 k €
+6.1% YoY

What does TH do?

TH is a Public limited company incorporated in 1974. Its main activity is: Legal activities. Its registered office is in Berlare.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0414.278.783
Incorporation
01/05/1974
Legal form
Public limited company
Registered office
Burg. de Lausnaystraat(O) 38
9290 Berlare · FlandreSee on map
Contributed capital
68 170,72 €
Latest accounts
30/06/2025
Activities (NACE)
69109Legal activities· main69109Legal activities74111Specialised design activities22150Manufacture of rubber products58190Other publishing activities58190Other publishing activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022201820172016201520142013201220112010200920082007
Income statement
Gross margin84,1 k €82,6 k €81,2 k €94,9 k €78,3 k €155 k €127,7 k €126,2 k €109,5 k €106,3 k €113,9 k €95,4 k €89,9 k €47,7 k €53 k €54,3 k €
EBITDA73,4 k €79,9 k €78,7 k €92,5 k €76 k €152,3 k €125,3 k €124,1 k €107,4 k €104,4 k €111,9 k €93,6 k €88,1 k €44,4 k €43 k €46,3 k €
Operating result34,4 k €46,7 k €48,1 k €59,4 k €31,8 k €108,5 k €79,9 k €80,1 k €58,3 k €50,9 k €56,8 k €38,5 k €32,7 k €-17 k €20,3 k €23,4 k €
Net result25,7 k €33 k €36,9 k €40,7 k €16,9 k €63,7 k €41 k €45,8 k €32,6 k €23 k €24,7 k €9,7 k €30,2 k €-22 k €14,2 k €18,5 k €
Balance sheet
Equity449,3 k €423,6 k €490,6 k €453,7 k €324,6 k €307,7 k €285,9 k €244,9 k €199,1 k €166,5 k €143,5 k €118,8 k €109,1 k €78,9 k €100,8 k €86,6 k €
Total assets536,5 k €540 k €514,9 k €509,7 k €398 k €400,3 k €366,9 k €339 k €289,8 k €402 k €446,4 k €459,2 k €519,3 k €551,8 k €251,6 k €264,7 k €
Cash46,6 k €34,6 k €29,1 k €20,8 k €8 k €79,6 k €55,6 k €70 k €18,9 k €69,9 k €20,5 k €18,8 k €24,3 k €2,9 k €4,9 k €1,3 k €
Debts87,2 k €115,9 k €22,7 k €54,9 k €68,4 k €87,7 k €71,1 k €89,2 k €80,8 k €222,6 k €287,5 k €321,8 k €405,2 k €468 k €144,1 k €172,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 26 ended

Active mandates

Lutgard Hertecant

Director · since 01 février 2021 · until 01 février 2027

Active
Piet Taelman

Director · since 01 février 2021 · until 01 février 2027

Active

Ended mandates

Lutgard Hertecant

Director · since 31 décembre 2021 · until 01 février 2027

Ended
Piet Taelman

Director · since 31 décembre 2021 · until 01 février 2027

Ended
Lutgard Hertecant

Director · since 01 février 2021 · until 31 janvier 2027

Ended
Piet Taelman

Director · since 01 février 2021 · until 31 janvier 2027

Ended
At this address

Other companies at this address

CompanyCBE no.
Fonds Willy Delva● Active
0456.303.539
Hertecant en Taelman, geassocieerde notarissen● Active
1020.194.530
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/01/202610/12/202416/01/202418/11/202212/01/202228/01/2021
General meeting30/12/202528/11/202404/11/202305/11/202206/11/202107/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202530/12/202530/01/2026DutchPDF
Abridged model30/06/202428/11/202410/12/2024DutchPDF
Abridged model30/06/202304/11/202316/01/2024DutchPDF
Abridged model30/06/202205/11/202218/11/2022DutchPDF
Abridged model30/06/202106/11/202112/01/2022DutchPDF
Abridged model30/06/202007/11/202028/01/2021DutchPDF
Abridged model30/06/201902/11/201915/01/2020DutchPDF
Abridged model30/06/201803/11/201815/01/2019DutchPDF
Abridged model30/06/201704/11/201715/01/2018DutchPDF
Abridged model30/06/201605/11/201620/12/2016DutchPDF
Abridged model30/06/201517/12/201518/12/2015DutchPDF
Abridged model30/06/201418/11/201413/01/2015DutchPDF
Abridged model30/06/201331/12/201324/01/2014DutchPDF
Abridged model30/06/201231/12/201215/01/2013DutchPDF
Abridged model30/06/201131/12/201130/01/2012DutchPDF
Abridged model30/06/201031/12/201026/01/2011DutchPDF
Abridged model30/06/200931/12/200926/01/2010DutchPDF
Abridged model30/06/200830/12/200829/01/2009DutchPDF
Abridged model30/06/200706/12/200731/12/2007DutchPDF
Abridged model30/06/200630/12/200623/01/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 26 ended

Active mandates

Lutgard Hertecant

Director · since 01 février 2021 · until 01 février 2027

Active
Piet Taelman

Director · since 01 février 2021 · until 01 février 2027

Active

Ended mandates

Lutgard Hertecant

Director · since 31 décembre 2021 · until 01 février 2027

Ended
Piet Taelman

Director · since 31 décembre 2021 · until 01 février 2027

Ended
Lutgard Hertecant

Director · since 01 février 2021 · until 31 janvier 2027

Ended
Piet Taelman

Director · since 01 février 2021 · until 31 janvier 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/11/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/04/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2005
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2003
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202525,7 k €↓
  2. 2024
    Annual accounts 202433 k €↓
  3. 2023
    Annual accounts 202336,9 k €↓
  4. 2022
    Annual accounts 202240,7 k €↑
  5. 2018
    Annual accounts 201816,9 k €↓
  6. 2017
    Annual accounts 201763,7 k €↑
  7. 2016
    Annual accounts 201641 k €↓
  8. 2015
    Annual accounts 201545,8 k €↑
  9. 2014
    Annual accounts 201432,6 k €↑
  10. 2013
    Annual accounts 201323 k €↓
  11. 2012
    Annual accounts 201224,7 k €↑
  12. 2011
    Annual accounts 20119,7 k €↓
  13. 2010
    Annual accounts 201030,2 k €↑
  14. 2009
    Annual accounts 2009-22 k €↓
  15. 2008
    Annual accounts 200814,2 k €↓
  16. 2007
    Annual accounts 200718,5 k €
  17. 01/05/1974
    IncorporationPublic limited company