ACTIVE

THG ST.VITH

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Financial year 2025 · closed on 31/12/2025

Net result

282 k €

+11.5% YoY

Gross margin

437,9 k €

+28.5% YoY

Equity

191,4 k €

+53.8% YoY

Workforce

2,7 ETP

-6.9% YoY

What does THG ST.VITH do?

THG ST.VITH is a Public limited company incorporated in 1988. Its registered office is in Sankt Vith. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.932.360

Incorporation

20/08/1988

Legal form

Public limited company

Registered office

Malmedyer Strasse 37
4780 Sankt Vith · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,7 ETP

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	437,9 k €	+28.5%	340,8 k €	+25.1%	272,4 k €	+18.4%	230,1 k €	-9.0%	252,9 k €	+18.2%	214 k €	+177%	77,3 k €	-34.4%	117,8 k €	-41.6%	201,5 k €	-1.5%	204,5 k €	-23.8%	268,3 k €	-5.5%	284 k €	+14.2%	248,7 k €	+5.9%	234,9 k €	+32.3%	177,5 k €	-72.8%	652,3 k €	+12.7%	579 k €	-7.4%	625,3 k €	-2.9%	644 k €	+12.7%	571,4 k €
EBITDA	329,3 k €	+17.7%	279,8 k €	+22.0%	229,4 k €	+17.4%	195,4 k €	-5.5%	206,8 k €	+13.7%	181,9 k €	+241%	53,4 k €	+47.3%	36,2 k €	-69.0%	116,7 k €	+20.7%	96,6 k €	-3.0%	99,5 k €	+22.6%	81,2 k €	-7.9%	88,2 k €	-4.7%	92,6 k €	+358%	20,2 k €	-84.9%	133,9 k €	+482%	23 k €	-70.4%	77,8 k €	-50.8%	158,1 k €	+39.4%	113,4 k €
Operating result	315,2 k €	+18.9%	265,2 k €	+32.5%	200,2 k €	+23.2%	162,5 k €	-7.7%	176 k €	+13.5%	155,2 k €	+559%	23,6 k €	-32.4%	34,8 k €	-67.6%	107,4 k €	+318%	25,7 k €	+9.2%	23,5 k €	+79.4%	13,1 k €	-17.6%	15,9 k €	+0.4%	15,8 k €	+869%	-2,1 k €	-102%	97,9 k €	+219%	-82,6 k €	-530%	19,2 k €	-78.2%	88,1 k €	+27.7%	69 k €
Net result	282 k €	+11.5%	252,8 k €	+36.5%	185,2 k €	+23.2%	150,3 k €	+24.3%	120,9 k €	-5.5%	127,9 k €	+367%	27,4 k €	+2219%	1,2 k €	-98.7%	90,5 k €	+2232%	3,9 k €	+525%	620,8 €	-11.5%	701,8 €	-44.0%	1,3 k €	+103%	-46,3 k €	-1859%	2,6 k €	-97.2%	93,3 k €	+6860%	1,3 k €	+111%	-12,1 k €	-118%	68,8 k €	+55.8%	44,1 k €
Balance sheet
Equity	191,4 k €	+53.8%	124,4 k €	+2.3%	121,6 k €	+4.4%	116,4 k €	+0.3%	116,1 k €	+0.8%	115,2 k €	+20.9%	95,2 k €	+40.3%	67,8 k €	+1.8%	66,7 k €	+0.7%	66,2 k €	+6.2%	62,3 k €	+1.0%	61,7 k €	+1.2%	61 k €	+2.1%	59,8 k €	-43.6%	106 k €	+2.5%	103,4 k €	+3.3%	100,1 k €	+1.4%	98,8 k €	-10.9%	110,9 k €	+3.5%	107,1 k €
Total assets	765,4 k €	-23.5%	1 M €	+16.7%	857,5 k €	+31.0%	654,6 k €	-1.5%	664,9 k €	-44.9%	1,2 M €	-3.7%	1,3 M €	-13.5%	1,4 M €	+6.8%	1,4 M €	+38.1%	980,9 k €	-3.0%	1 M €	+13.3%	893 k €	+1.5%	879,8 k €	+9.1%	806,2 k €	+15.3%	699,5 k €	+18.1%	592,5 k €	-5.3%	625,7 k €	-5.9%	665,1 k €	-14.2%	775,2 k €	+33.1%	582,3 k €
Cash	112,9 k €	+877%	11,6 k €	+28.3%	9 k €	-75.9%	37,4 k €	+61.5%	23,1 k €	+298%	5,8 k €	-86.8%	43,9 k €	-63.5%	120,1 k €	-5.9%	127,7 k €	+352%	28,3 k €	-57.2%	66,1 k €	-22.6%	85,4 k €	+16.2%	73,4 k €	+87.2%	39,2 k €	-10.9%	44 k €	-7.5%	47,6 k €	-20.0%	59,5 k €	+621%	8,2 k €	-92.2%	106,3 k €	+23.3%	86,2 k €
Debts	573,4 k €	-34.4%	874,7 k €	+19.5%	732 k €	+36.1%	538 k €	-1.4%	545,5 k €	-49.6%	1,1 M €	-5.7%	1,1 M €	-15.5%	1,4 M €	+6.3%	1,3 M €	+41.2%	904,3 k €	-4.6%	948 k €	+15.5%	820,6 k €	+1.2%	811 k €	+9.4%	741,4 k €	+26.1%	588,1 k €	+20.6%	487,6 k €	-7.0%	524,3 k €	-6.4%	560 k €	-15.7%	663,9 k €	+40.2%	473,6 k €
Other
Workforce	2,7 ETP	-6.9%	2,9 ETP	+7.4%	2,7 ETP	+68.8%	1,6 ETP	-20.0%	2,0 ETP	-13.0%	2,3 ETP	+109%	1,1 ETP	+37.5%	0,8 ETP	-66.7%	2,4 ETP	-45.5%	4,4 ETP	-17.0%	5,3 ETP	-15.9%	6,3 ETP	+8.6%	5,8 ETP	+70.6%	3,4 ETP	+9.7%	3,1 ETP	-71.0%	10,7 ETP	-3.6%	11,1 ETP	-4.3%	11,6 ETP	+10.5%	10,5 ETP	-8.7%	11,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

MH Fiscura

Director · since 05 octobre 2025 · until 16 mai 2031 · 1020.902.432

Represented by Christina Mockels

Active

NDLM Invest

Director · since 28 mars 2022 · until 16 mai 2031 · 0745.742.433

Represented by Nicolas Schmitz

Active

M.R. Malengreaux

Director · since 20 novembre 2019 · until 16 mai 2031 · 0685.427.338

Represented by Michael Malengreaux

Active

Ended mandates

NDLM Invest

Director · since 02 janvier 2022 · until 16 mai 2031 · 0745.742.433

Represented by Nicolas Schmitz

Ended

NDLM Invest

Director · since 02 janvier 2022 · 0745.742.433

Represented by Nicolas Schmitz

Ended

M.R. Malengreaux

Director · since 20 novembre 2019 · until 15 mai 2020 · 0685.427.338

Represented by Michael Malengreaux

Ended

M.R. Malengreaux

Director · since 20 novembre 2019 · until 16 mai 2025 · 0685.427.338

Represented by Michael Malengreaux

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	24/06/2025	25/06/2024	18/07/2023	25/08/2022	30/08/2021
General meeting	15/05/2026	16/05/2025	31/05/2024	19/05/2023	20/05/2022	21/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	08/06/2026	German	PDF
Abridged model	31/12/2024	16/05/2025	24/06/2025	German	PDF
Abridged model	31/12/2023	31/05/2024	25/06/2024	German	PDF
Abridged model	31/12/2022	19/05/2023	18/07/2023	German	PDF
Abridged model	31/12/2021	20/05/2022	25/08/2022	German	PDF
Abridged model	31/12/2020	21/05/2021	30/08/2021	German	PDF
Abridged model	31/12/2019	15/05/2020	26/10/2020	German	PDF
Abridged model	31/12/2018	17/05/2019	28/08/2019	German	PDF
Abridged model	31/12/2017	18/05/2018	25/07/2018	German	PDF
Abridged model	31/12/2016	19/05/2017	29/08/2017	German	PDF
Abridged model	31/12/2015	20/05/2016	25/08/2016	German	PDF
Abridged model	31/12/2014	15/05/2015	26/08/2015	German	PDF
Abridged model	31/12/2013	16/05/2014	27/08/2014	German	PDF
Abridged model	31/12/2012	17/05/2013	27/08/2013	German	PDF
Abridged model	31/12/2011	18/05/2012	29/08/2012	German	PDF
Abridged model	31/12/2010	20/05/2011	25/08/2011	German	PDF
Abridged model	31/12/2009	21/05/2010	17/08/2010	German	PDF
Abridged model	31/12/2008	15/05/2009	25/08/2009	German	PDF
Abridged model	31/12/2007	16/05/2008	28/08/2008	German	PDF
Abridged model	31/12/2006	18/05/2007	10/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 3 active · 31 ended

Active mandates

MH Fiscura

Director · since 05 octobre 2025 · until 16 mai 2031 · 1020.902.432

Represented by Christina Mockels

Active

NDLM Invest

Director · since 28 mars 2022 · until 16 mai 2031 · 0745.742.433

Represented by Nicolas Schmitz

Active

M.R. Malengreaux

Director · since 20 novembre 2019 · until 16 mai 2031 · 0685.427.338

Represented by Michael Malengreaux

Active

Ended mandates

NDLM Invest

Director · since 02 janvier 2022 · until 16 mai 2031 · 0745.742.433

Represented by Nicolas Schmitz

Ended

NDLM Invest

Director · since 02 janvier 2022 · 0745.742.433

Represented by Nicolas Schmitz

Ended

M.R. Malengreaux

Director · since 20 novembre 2019 · until 15 mai 2020 · 0685.427.338

Represented by Michael Malengreaux

Ended

M.R. Malengreaux

Director · since 20 novembre 2019 · until 16 mai 2025 · 0685.427.338

Represented by Michael Malengreaux

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates19/06/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates08/04/2022
ENTLASSUNG - ERNENNUNG
PDF
Restructuring13/07/2021
KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW) - VERSCHIEDENES
PDF
Restructuring08/04/2021
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW) - VERSCHIEDENES
PDF
Mandates05/11/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates17/03/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates08/01/2020
ENTLASSUNG - ERNENNUNG
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

2025
Annual accounts 2025282 k €↑
2024
Annual accounts 2024252,8 k €↑
2023
Annual accounts 2023185,2 k €↑
2022
Annual accounts 2022150,3 k €↑
2021
Annual accounts 2021120,9 k €↓
2020
Annual accounts 2020127,9 k €↑
2019
Annual accounts 201927,4 k €↑
2018
Annual accounts 20181,2 k €↓
2017
Annual accounts 201790,5 k €↑
2016
Annual accounts 20163,9 k €↑
2015
Annual accounts 2015620,8 €↓
2014
Annual accounts 2014701,8 €↓
2013
Annual accounts 20131,3 k €↑
2012
Annual accounts 2012-46,3 k €↓
2011
Annual accounts 20112,6 k €↓
2010
Annual accounts 201093,3 k €↑
2009
Annual accounts 20091,3 k €↑
2008
Annual accounts 2008-12,1 k €↓
2007
Annual accounts 200768,8 k €↑
2006
Annual accounts 200644,1 k €
20/08/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

THG ST.VITH

Overview

What does THG ST.VITH do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline