ACTIVE

TH Project & Management

Financial year 2025 · closed on 31/03/2025
Net result
79,8 k €
-70.8% YoY
Gross margin
201,4 k €
-67.6% YoY
Equity
1,1 M €
+6.4% YoY

What does TH Project & Management do?

TH Project & Management is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0830.704.931
Incorporation
28/10/2010
Legal form
Private limited company
Registered office
Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/03/2025
Joint committees (1)
  • 336
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242022202120202019201820172016201520142013
Income statement
Gross margin201,4 k €622,1 k €493,1 k €379,6 k €301,7 k €201,3 k €158 k €135,6 k €74,4 k €48 k €41,6 k €20,1 k €
EBITDA195,9 k €446,4 k €401,1 k €234,3 k €182,1 k €152,5 k €124,3 k €99,9 k €73,3 k €44 k €40,5 k €19,1 k €
Operating result115,8 k €397,3 k €367,7 k €213,4 k €154,3 k €125,2 k €95,8 k €82,7 k €67,8 k €33 k €30,8 k €10 k €
Net result79,8 k €273,3 k €251,7 k €151,3 k €106 k €89,1 k €67,3 k €58 k €43,5 k €21 k €19,2 k €5,8 k €
Balance sheet
Equity1,1 M €1 M €772,9 k €531,5 k €407,7 k €327,5 k €236,8 k €173,4 k €115,3 k €71,8 k €50,8 k €31,6 k €
Total assets1,5 M €1,2 M €1 M €836,8 k €699,9 k €520,3 k €402,8 k €199,4 k €129,9 k €86,4 k €74 k €56,9 k €
Cash421,1 k €301,6 k €329,7 k €190,7 k €323,1 k €198,6 k €146,1 k €99,9 k €59,9 k €57,3 k €40,5 k €22,6 k €
Debts372,7 k €133,2 k €231 k €261,2 k €248,1 k €192,6 k €165,9 k €26 k €14,6 k €14,4 k €23,1 k €25,3 k €
Other
Workforce3,2 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 31/03/2025 · 1 active · 1 ended

Active mandates

Tim Hanssens

Director · since 28 octobre 2010

Active

Ended mandates

Tim Hanssens

Mandate

Ended
At this address

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Annual accounts

Full financial information

202520242022202120202019
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/03/202531/03/202431/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date19/09/202503/07/202428/07/202303/08/202227/07/202129/07/2020
General meeting11/09/202530/06/202430/06/202318/06/202219/06/202120/06/2020
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202511/09/202519/09/2025DutchPDF
Abridged model31/03/202430/06/202403/07/2024DutchPDF
Micro model31/12/202230/06/202328/07/2023DutchPDF
Micro model31/12/202118/06/202203/08/2022DutchPDF
Micro model31/12/202019/06/202127/07/2021DutchPDF
Micro model31/12/201920/06/202029/07/2020DutchPDF
Micro model31/12/201815/06/201910/08/2019DutchPDF
Micro model31/12/201716/06/201825/06/2018DutchPDF
Micro model31/12/201617/06/201726/07/2017DutchPDF
Abridged model31/12/201518/06/201630/07/2016DutchPDF
Abridged model31/12/201421/06/201509/07/2015DutchPDF
Abridged model31/12/201321/06/201429/06/2014DutchPDF
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 31/03/2025 · 1 active · 1 ended

Active mandates

Tim Hanssens

Director · since 28 octobre 2010

Active

Ended mandates

Tim Hanssens

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/12/2023
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Mandates29/01/2014
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Capital / shares27/01/2014
    KAPITAAL - AANDELEN - DIVERSEN
    PDF
  • Other10/11/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202579,8 k €
  2. 2025
    Name changeTH PROJECT & MANAGEMENT
  3. 2024
    Annual accounts 2024273,3 k €
  4. 2022
    Annual accounts 2022251,7 k €
  5. 2021
    Annual accounts 2021151,3 k €
  6. 2021
    Name changeTim Hanssens
  7. 2020
    Annual accounts 2020106 k €
  8. 2019
    Annual accounts 201989,1 k €
  9. 2018
    Annual accounts 201867,3 k €
  10. 2017
    Annual accounts 201758 k €
  11. 2016
    Annual accounts 201643,5 k €
  12. 2015
    Annual accounts 201521 k €
  13. 2014
    Annual accounts 201419,2 k €
  14. 2013
    Annual accounts 20135,8 k €
  15. 28/10/2010
    IncorporationPrivate limited company