ACTIVE

THB2

Financial year 2025 · closed on 31/12/2025
Net result
90,9 k €
+54.0% YoY
Gross margin
582,6 k €
+12.9% YoY
Equity
21,0 k €
-28.4% YoY
Workforce
11,5 ETP
-18.4% YoY

What does THB2 do?

THB2 is a Private limited company incorporated in 2014. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Awans. It employs on average 11,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0505.871.925
Incorporation
02/12/2014
Legal form
Private limited company
Registered office
Rue de Bruxelles 10-15
4340 Awans · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
11,5 ETP
Joint committees (1)
  • 302
Contacts
1 public detail availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin582,6 k €516,2 k €561,3 k €486,9 k €341,1 k €300,9 k €398,0 k €524,9 k €500,0 k €517,0 k €
EBITDA135,2 k €111,4 k €107,2 k €64,4 k €68,2 k €85,6 k €18,0 k €-14,9 k €70,7 k €-117,0 k €
Operating result109,1 k €84,6 k €81,0 k €39,5 k €42,7 k €54,8 k €-8,8 k €-42,8 k €47,9 k €-136,2 k €
Net result90,9 k €59,0 k €73,5 k €30,0 k €32,4 k €43,3 k €-21,2 k €-57,7 k €23,3 k €-152,1 k €
Balance sheet
Equity21,0 k €29,4 k €-23,6 k €-90,9 k €-120,9 k €-149,1 k €-187,7 k €-166,5 k €-108,8 k €-132,1 k €
Total assets411,5 k €308,2 k €158,1 k €194,5 k €197,4 k €182,9 k €291,9 k €184,5 k €152,6 k €158,0 k €
Cash28,8 k €42,1 k €34,6 k €44,2 k €51,3 k €8,9 k €25,1 k €45,6 k €26,3 k €12,6 k €
Debts390,4 k €278,8 k €181,7 k €285,0 k €318,3 k €331,9 k €479,5 k €343,6 k €260,7 k €287,1 k €
Other
Workforce11,5 ETP14,1 ETP29,7 ETP29,7 ETP22,4 ETP19,8 ETP17,9 ETP12,2 ETP12,1 ETP11,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Roberto Navarro Guanipa

Director · since 04 décembre 2014

Active
Thomas Memurlin

Director · since 04 décembre 2014

Active

Ended mandates

Roberto Navarro Guanipa

Manager · since 04 décembre 2014

Ended
Thomas Memurlin

Manager · since 04 décembre 2014

Ended
At this address

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THB 11Active
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THB 12Active
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THB13Active
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THB14Active
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THB3Active
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THB4Active
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THB6Active
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THB7Active
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THB 8Active
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THB9Liquidation
0697.963.597
THB DeliveryActive
0676.571.337
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/08/202627/08/202516/08/202429/07/202301/07/202230/08/2021
General meeting18/06/202619/06/202520/06/202415/06/202316/06/202217/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/06/202624/08/2026FrenchPDF
Abridged model31/12/202419/06/202527/08/2025FrenchPDF
Abridged model31/12/202320/06/202416/08/2024FrenchPDF
Abridged model31/12/202215/06/202329/07/2023FrenchPDF
Abridged model31/12/202116/06/202201/07/2022FrenchPDF
Abridged model31/12/202017/06/202130/08/2021FrenchPDF
Abridged model31/12/201918/06/202007/07/2020FrenchPDF
Abridged model31/12/201820/06/201928/08/2019FrenchPDF
Abridged model30/09/201715/03/201827/04/2018FrenchPDF
Abridged model30/09/201630/03/201728/04/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 2 ended

Active mandates

Roberto Navarro Guanipa

Director · since 04 décembre 2014

Active
Thomas Memurlin

Director · since 04 décembre 2014

Active

Ended mandates

Roberto Navarro Guanipa

Manager · since 04 décembre 2014

Ended
Thomas Memurlin

Manager · since 04 décembre 2014

Ended
Shareholders

Ownership and network

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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 202590,9 k €
  2. 2024
    Annual accounts 202459,0 k €
  3. 2024
    Name changeTHB2
  4. 2023
    Annual accounts 202373,5 k €
  5. 2022
    Annual accounts 202230,0 k €
  6. 2021
    Annual accounts 202132,4 k €
  7. 2021
    Name changeTHB 2 (TRJMC)
  8. 2020
    Annual accounts 202043,3 k €
  9. 2019
    Annual accounts 2019-21,2 k €
  10. 2018
    Annual accounts 2018-57,7 k €
  11. 2017
    Annual accounts 201723,3 k €
  12. 2016
    Annual accounts 2016-152,1 k €
  13. 02/12/2014
    IncorporationPrivate limited company