TBHF
0865.790.425 · rovalta.com · 22/09/2026
ACTIVE
TBHF
Financial year 2025 · closed on 30/09/2025
Net result
1,3 k €
-91.3% YoY
Gross margin
141,4 k €
+53.5% YoY
Equity
173,5 k €
-33.8% YoY
Overview
What does TBHF do?
TBHF is a Private limited company incorporated in 2004. Its registered office is in Watermael-Boitsfort.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0865.790.425
Incorporation
15/06/2004
Legal form
Private limited company
Registered office
Chaussée de La Hulpe 189
1170 Watermael-Boitsfort · BruxellesSee on map
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
12 400,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
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 | 141,4 k € | +53.5% | 92,2 k € | -18.4% | 113 k € | +134% | 48,3 k € | -44.8% | 87,4 k € | +87.0% | 46,7 k € | -62.6% | 125 k € | +81.0% | 69 k € | +422% | 13,2 k € | -79.8% | 65,4 k € | +75.7% | 37,2 k € | -51.4% | 76,6 k € | -4.0% | 79,8 k € | +6.1% | 75,2 k € | -7.1% | 80,9 k € | +54.9% | 52,2 k € | -21.4% | 66,5 k € | +26.2% | 52,7 k € | +9133% | -583 € | -201% | 578 € |
| EBITDA | 98,3 k € | +112% | 46,4 k € | -34.0% | 70,3 k € | +434% | 13,2 k € | -75.4% | 53,4 k € | +230% | 16,2 k € | -83.1% | 96,1 k € | +136% | 40,8 k € | +3136% | 1,3 k € | -98.0% | 63,1 k € | +96.8% | 32,1 k € | -57.8% | 76,1 k € | -4.0% | 79,3 k € | +10.1% | 72 k € | -10.7% | 80,7 k € | +58.1% | 51 k € | -22.1% | 65,5 k € | +25.4% | 52,2 k € | +5376% | -990 € | -610% | 194 € |
| Operating result | 86 k € | +157% | 33,4 k € | -43.2% | 58,8 k € | +2443% | 2,3 k € | -94.7% | 43,2 k € | +649% | 5,8 k € | -93.2% | 84,9 k € | +168% | 31,7 k € | +390% | -10,9 k € | -120% | 55,4 k € | +8858% | 618 € | -99.2% | 73,1 k € | -4.3% | 76,4 k € | +10.5% | 69,1 k € | -7.0% | 74,3 k € | +66.1% | 44,7 k € | -24.7% | 59,4 k € | +26.0% | 47,2 k € | +4864% | -990 € | -610% | 194 € |
| Net result | 1,3 k € | -91.3% | 15,4 k € | -75.0% | 61,4 k € | +48.3% | 41,4 k € | +4.4% | 39,7 k € | -55.9% | 90 k € | -35.5% | 139,5 k € | +39.4% | 100,1 k € | +442% | 18,5 k € | -61.1% | 47,5 k € | -7.7% | 51,4 k € | -47.5% | 97,9 k € | +11.5% | 87,8 k € | +60.7% | 54,6 k € | +45.5% | 37,5 k € | +47.3% | 25,5 k € | -26.4% | 34,6 k € | +13.5% | 30,5 k € | +3013% | -1 k € | -2930% | 37 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 173,5 k € | -33.8% | 262,2 k € | -23.6% | 343 k € | +8.3% | 316,7 k € | +15.1% | 275,2 k € | -2.7% | 282,8 k € | +15.8% | 244,1 k € | +38.6% | 176,1 k € | +24.9% | 141 k € | -18.3% | 172,5 k € | +15.0% | 150,1 k € | +16.7% | 128,6 k € | +63.4% | 78,7 k € | +11.0% | 70,9 k € | +336% | 16,3 k € | -21.5% | 20,7 k € | -17.9% | 25,3 k € | +3.4% | 24,4 k € | +329% | 5,7 k € | -15.5% | 6,7 k € |
| Total assets | 394,7 k € | -22.1% | 506,7 k € | -7.7% | 548,7 k € | +9.1% | 503 k € | -0.6% | 506 k € | -7.8% | 549,1 k € | +2.1% | 537,9 k € | +20.1% | 447,9 k € | +9.2% | 410,1 k € | -1.4% | 415,7 k € | -2.3% | 425,3 k € | +125% | 189,1 k € | +0.6% | 188 k € | +33.8% | 140,5 k € | +0.7% | 139,5 k € | -3.6% | 144,7 k € | -18.2% | 177 k € | +141% | 73,3 k € | +940% | 7 k € | -14.2% | 8,2 k € |
| Cash | 163,2 k € | -31.2% | 237,3 k € | +75.2% | 135,4 k € | +43.6% | 94,3 k € | -27.8% | 130,5 k € | -2.5% | 133,8 k € | -19.5% | 166,3 k € | +62.0% | 102,7 k € | +2.5% | 100,2 k € | +3.9% | 96,5 k € | +35.4% | 71,2 k € | +42.5% | 50 k € | -23.2% | 65,1 k € | +340% | 14,8 k € | +173% | 5,4 k € | -67.7% | 16,8 k € | -69.1% | 54,3 k € | +15.3% | 47,1 k € | +806% | 5,2 k € | -13.3% | 6 k € |
| Debts | 221,2 k € | -9.5% | 244,4 k € | +19.3% | 204,9 k € | +9.9% | 186,4 k € | -19.3% | 230,8 k € | -13.3% | 266,3 k € | -9.4% | 293,8 k € | +8.1% | 271,8 k € | +1.0% | 269,1 k € | +10.6% | 243,2 k € | -11.7% | 275,3 k € | +355% | 60,4 k € | -44.7% | 109,3 k € | +56.9% | 69,6 k € | -43.3% | 122,9 k € | -0.1% | 123 k € | -18.9% | 151,7 k € | +212% | 48,6 k € | +3501% | 1,3 k € | -8.4% | 1,5 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 4 ended
Active mandates
THIERRY BOUCKAERT
ActiveTHIERRY BOUCKAERT
ActiveEnded mandates
HAROUN FENAUX
EndedHAROUN FENAUX
EndedTHIERRY BOUCKAERT
EndedTHIERRY BOUCKAERT
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AKKANTO● Active | 0876.614.536 |
Boke Service Company● Active | 0415.117.735 |
| 0435.391.032 | |
| 0446.779.921 | |
ESSENTIAL ENVIRONMENTS● Bankrupt | 0466.839.026 |
YPOS● Liquidation | 0400.427.282 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/04/2026 | 25/03/2025 | 11/03/2024 | 27/03/2023 | 28/03/2022 | 26/03/2021 |
| General meeting | 31/03/2026 | 03/03/2025 | 04/03/2024 | 25/03/2023 | 25/03/2022 | 25/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 31/03/2026 | 14/04/2026 | French | |
| Micro model | 30/09/2024 | 03/03/2025 | 25/03/2025 | French | |
| Micro model | 30/09/2023 | 04/03/2024 | 11/03/2024 | French | |
| Micro model | 30/09/2022 | 25/03/2023 | 27/03/2023 | French | |
| Micro model | 30/09/2021 | 25/03/2022 | 28/03/2022 | French | |
| Micro model | 30/09/2020 | 25/03/2021 | 26/03/2021 | French | |
| Micro model | 30/09/2019 | 25/03/2020 | 27/03/2020 | French | |
| Micro model | 30/09/2018 | 25/03/2019 | 10/04/2019 | French | |
| Micro model | 30/09/2017 | 25/03/2018 | 28/03/2018 | French | |
| Abridged model | 30/09/2016 | 14/12/2016 | 16/12/2016 | French | |
| Abridged model | 30/09/2015 | 18/03/2016 | 23/03/2016 | French | |
| Abridged model | 30/09/2014 | 25/03/2015 | 26/03/2015 | French | |
| Abridged model | 30/09/2013 | 25/03/2014 | 27/03/2014 | French | |
| Abridged model | 30/09/2012 | 25/03/2013 | 27/03/2013 | French | |
| Abridged model | 30/09/2011 | 17/12/2011 | 19/12/2011 | French | |
| Abridged model | 30/09/2010 | 21/03/2011 | 29/03/2011 | French | |
| Abridged model | 30/09/2009 | 06/02/2010 | 27/03/2010 | French | |
| Abridged model | 30/09/2008 | 25/03/2009 | 23/04/2009 | French | |
| Abridged model | 30/09/2007 | 26/02/2008 | 20/09/2008 | French | |
| Abridged model | 30/09/2006 | 25/03/2007 | 30/04/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 4 ended
Active mandates
THIERRY BOUCKAERT
ActiveTHIERRY BOUCKAERT
ActiveEnded mandates
HAROUN FENAUX
EndedHAROUN FENAUX
EndedTHIERRY BOUCKAERT
EndedTHIERRY BOUCKAERT
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
- Other02/09/2015OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates16/06/2008SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Other23/06/2004RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,3 k €↓
- 2024Annual accounts 202415,4 k €↓
- 2023Annual accounts 202361,4 k €↑
- 2022Annual accounts 202241,4 k €↑
- 2021Annual accounts 202139,7 k €↓
- 2020Annual accounts 202090 k €↓
- 2019Annual accounts 2019139,5 k €↑
- 2018Annual accounts 2018100,1 k €↑
- 2017Annual accounts 201718,5 k €↓
- 2016Annual accounts 201647,5 k €↓
- 2015Annual accounts 201551,4 k €↓
- 2014Annual accounts 201497,9 k €↑
- 2013Annual accounts 201387,8 k €↑
- 2012Annual accounts 201254,6 k €↑
- 2011Annual accounts 201137,5 k €↑
- 2010Annual accounts 201025,5 k €↓
- 2009Annual accounts 200934,6 k €↑
- 2008Annual accounts 200830,5 k €↑
- 2007Annual accounts 2007-1 k €↓
- 2006Annual accounts 200637 €
- 15/06/2004IncorporationPrivate limited company