ACTIVE

T-HL BELGIUM

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Financial year 2025 · Closed on 30/09/2025

Net result71,2 k €+55,8 %over 1 year
Gross margin598,3 k €+8,1 %over 1 year
Equity1,4 M €+5,3 %over 1 year
Workforce6,3 ETP-3,1 %over 1 year

Identity

Source · BCE/KBO

T-HL BELGIUM is a Public limited company incorporated in 1989. Its registered office is in Brugge. It employs on average 6,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0439.188.581
Incorporation
12/12/1989
Legal form
Public limited company
Registered office
Sint-Jakobsstraat 52
8000 Brugge · FlandreSee on map
Contributed capital
2 000 000,00 €
Latest accounts
30/09/2025
Average workforce
6,3 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin598,3 k €553,6 k €578,5 k €557,9 k €-739,9 k €
EBITDA136,7 k €149,7 k €105,4 k €167,6 k €-1,1 M €
Operating result134,5 k €146,5 k €101,4 k €163,6 k €-1,1 M €
Net result71,2 k €45,7 k €70,6 k €139 k €-1,1 M €
Balance sheet
Equity1,4 M €1,3 M €1,3 M €1,2 M €1,1 M €
Total assets2,7 M €2,7 M €3 M €3,1 M €4,1 M €
Cash2,3 M €2,3 M €2,7 M €2,7 M €1,8 M €
Debts1,2 M €1,4 M €1,8 M €1,9 M €3 M €
Other
Workforce6,3 ETP6,5 ETP7,9 ETP8,8 ETP13,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 33 ended

Active mandates

Icsonviva

Managing director · 0803.415.564

Represented by Kurt De Vreese

Active

Ended mandates

Icsonviva

Director · since 03 juillet 2023 · 0803.415.564

Represented by Kurt De Vreese

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020 · until 03 juillet 2023

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020 · until 13 octobre 2026

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020

Ended

Other companies at this address

Sint-Jakobsstraat 52 8000 Brugge
CompanyCBE no.
Square Equity● Active
0448.945.395
T-HL International● Active
0823.267.704
T-HL VAT● Active
0810.384.223

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/04/202001/04/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202131/03/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date14/01/202628/01/202518/01/202429/11/202226/10/202113/10/2020
General meeting30/12/202530/12/202420/12/202321/11/202222/10/202120/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202530/12/202514/01/2026DutchPDF
Abridged model30/09/202430/12/202428/01/2025DutchPDF
Abridged model30/09/202320/12/202318/01/2024DutchPDF
Abridged model30/09/202221/11/202229/11/2022DutchPDF
Abridged model30/09/202122/10/202126/10/2021DutchPDF
Abridged model31/03/202020/09/202013/10/2020DutchPDF
Abridged model31/03/201920/06/201904/07/2019DutchPDF
Abridged model31/03/201820/06/201819/07/2018DutchPDF
Abridged model31/03/201720/06/201718/07/2017DutchPDF
Abridged model31/03/201620/06/201618/07/2016DutchPDF
Abridged model31/03/201520/06/201520/07/2015DutchPDF
Abridged model31/03/201420/06/201416/07/2014DutchPDF
Abridged model31/03/201311/07/201329/07/2013DutchPDF
Abridged model31/03/201220/06/201218/07/2012DutchPDF
Abridged model31/03/201120/06/201118/07/2011DutchPDF
Abridged model31/03/201020/09/201007/10/2010DutchPDF
Abridged model31/03/200920/09/200919/10/2009DutchPDF
Abridged model31/03/200820/09/200808/10/2008DutchPDF
Abridged model31/03/200720/09/200716/10/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 33 ended

Active mandates

Icsonviva

Managing director · 0803.415.564

Represented by Kurt De Vreese

Active

Ended mandates

Icsonviva

Director · since 03 juillet 2023 · 0803.415.564

Represented by Kurt De Vreese

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020 · until 03 juillet 2023

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020 · until 13 octobre 2026

Ended
Kurt De Vreese

Managing director · since 14 octobre 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates01/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates11/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/04/2015
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares08/04/2014
    KAPITAAL - AANDELEN
    PDF
  • Mandates06/11/2013
    ONTSLAGEN - BENOEMINGEN
    PDF

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 202571,2 k €↑
  2. 2024
    Annual accounts 202445,7 k €↓
  3. 2023
    Annual accounts 202370,6 k €↓
  4. 2022
    Annual accounts 2022139 k €↑
  5. 2021
    Annual accounts 2021-1,1 M €↓
  6. 2020
    Annual accounts 202048,4 k €↓
  7. 2019
    Annual accounts 2019378,7 k €↑
  8. 2018
    Annual accounts 201840,3 k €↓
  9. 2017
    Annual accounts 2017290 k €↑
  10. 2016
    Annual accounts 2016186,7 k €↓
  11. 2015
    Annual accounts 2015427,8 k €↓
  12. 2014
    Annual accounts 2014620,5 k €↑
  13. 2013
    Annual accounts 2013313,3 k €↓
  14. 2012
    Annual accounts 2012474,4 k €↑
  15. 2011
    Annual accounts 2011239,6 k €↑
  16. 2010
    Annual accounts 2010119,1 k €↑
  17. 2009
    Annual accounts 2009117,2 k €↑
  18. 2008
    Annual accounts 200867,7 k €↑
  19. 2007
    Annual accounts 2007-49,3 k €
  20. 12/12/1989
    IncorporationPublic limited company