ACTIVE

TH Trucks Gent

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+6.4% YoY

Revenue

17,8 M €

-13.5% YoY

Equity

1,7 M €

+8.7% YoY

Workforce

31,8 ETP

+6.4% YoY

What does TH Trucks Gent do?

TH Trucks Gent is a Public limited company incorporated in 2004. Its main activity is: Sale of other motor vehicles. Its registered office is in Hooglede. It employs on average 31,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.732.970

Incorporation

22/12/2004

Legal form

Public limited company

Registered office

Bruggesteenweg 249
8830 Hooglede · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

31,8 ETP

Activities (NACE)

45191Sale of other motor vehicles· main 46712Wholesale of solid, liquid and gaseous fuels and related products 45202Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 95312Repair of computers and personal and household goods

Joint committees (3)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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
Revenue	17,8 M €	-13.5%	20,6 M €	-25.0%	27,5 M €	+53.5%	17,9 M €	+38.1%	13 M €	+7.5%	12 M €	-9.1%	13,2 M €	+14.8%	11,5 M €	+20.2%	9,6 M €	+19.2%	8 M €	+31.1%	6,1 M €	-46.5%	11,5 M €	+34.0%	8,6 M €	-39.7%	14,2 M €	+21.6%	11,7 M €	+24.3%	9,4 M €	+35.8%	6,9 M €	-30.4%	9,9 M €	+3.8%	9,6 M €	+60.6%	6 M €
EBITDA	1,7 M €	+24.3%	1,4 M €	-17.0%	1,7 M €	+33.4%	1,3 M €	+22.7%	1 M €	-1.9%	1 M €	+18.6%	881,1 k €	+435%	164,7 k €	-31.4%	240 k €	-20.3%	301,1 k €	-24.8%	400,4 k €	-2.5%	410,4 k €	+8.5%	378,3 k €	+11.3%	339,8 k €	-23.8%	446,1 k €	+558%	67,8 k €	-69.7%	223,6 k €	-29.5%	317,1 k €	-28.2%	441,5 k €	+37.5%	321,1 k €
Operating result	1,7 M €	-4.8%	1,8 M €	+93.2%	912,6 k €	+22.7%	744 k €	-6.6%	796,8 k €	-5.0%	838,4 k €	+33.4%	628,7 k €	+361%	136,3 k €	-2.9%	140,4 k €	-25.9%	189,3 k €	-41.5%	323,5 k €	+14.8%	281,7 k €	-4.3%	294,5 k €	+30.0%	226,5 k €	-43.7%	402,3 k €	+2633%	14,7 k €	-87.4%	116,8 k €	-40.2%	195,2 k €	-54.7%	430,8 k €	+102%	213 k €
Net result	1,2 M €	+6.4%	1,2 M €	+209%	376,4 k €	-20.0%	470,6 k €	-16.0%	560,4 k €	-2.4%	574,4 k €	+59.3%	360,5 k €	+605%	51,2 k €	+0.1%	51,1 k €	-56.6%	117,9 k €	-41.1%	200,2 k €	+14.6%	174,7 k €	-2.8%	179,7 k €	+31.8%	136,3 k €	-56.1%	310,6 k €	+792%	-44,9 k €	-204%	43,2 k €	-62.6%	115,6 k €	-59.2%	283,2 k €	+104%	138,7 k €
Balance sheet
Equity	1,7 M €	+8.7%	1,6 M €	+29.8%	1,2 M €	-1.9%	1,2 M €	+6.0%	1,2 M €	+28.5%	915 k €	+23.6%	740,6 k €	+94.9%	380,1 k €	+15.6%	328,9 k €	+18.4%	277,8 k €	-0.8%	280 k €	-48.1%	539,8 k €	+21.3%	445,1 k €	-53.9%	965,4 k €	+0.1%	964,2 k €	+47.5%	653,6 k €	-6.4%	698,4 k €	+6.6%	655,2 k €	+21.4%	539,6 k €	+18.2%	456,4 k €
Total assets	7,7 M €	+40.9%	5,4 M €	-56.2%	12,4 M €	+22.9%	10,1 M €	+74.4%	5,8 M €	+35.8%	4,3 M €	-5.6%	4,5 M €	-16.7%	5,4 M €	+50.0%	3,6 M €	+27.8%	2,8 M €	+58.1%	1,8 M €	-64.5%	5 M €	+82.8%	2,8 M €	-28.7%	3,9 M €	-14.4%	4,5 M €	+33.2%	3,4 M €	+12.3%	3 M €	-33.8%	4,6 M €	+80.0%	2,5 M €	+0.6%	2,5 M €
Cash	33,6 k €	-15.4%	39,7 k €	+32.9%	29,8 k €	-89.0%	272,1 k €	+1308%	19,3 k €	-54.3%	42,3 k €	+93.2%	21,9 k €	+117%	10,1 k €	-24.0%	13,3 k €	-43.3%	23,5 k €	+62.6%	14,4 k €	-69.1%	46,7 k €	-71.0%	160,9 k €	+194%	54,8 k €	+52.7%	35,9 k €	-7.3%	38,7 k €	+7.8%	35,9 k €	-58.1%	85,7 k €	-66.3%	254,4 k €	+139%	106,5 k €
Debts	5,5 M €	+56.2%	3,5 M €	-67.1%	10,7 M €	+31.3%	8,1 M €	+110%	3,9 M €	+21.6%	3,2 M €	-5.4%	3,4 M €	-30.7%	4,8 M €	+60.5%	3 M €	+26.6%	2,4 M €	+77.8%	1,3 M €	-68.3%	4,2 M €	+116%	2 M €	-31.3%	2,9 M €	-0.2%	2,9 M €	+12.2%	2,5 M €	+10.0%	2,3 M €	-36.0%	3,6 M €	+114%	1,7 M €	+5.6%	1,6 M €
Other
Workforce	31,8 ETP	+6.4%	29,9 ETP	+2.4%	29,2 ETP	+7.4%	27,2 ETP	+9.7%	24,8 ETP	+13.2%	21,9 ETP	+3.3%	21,2 ETP	+9.8%	19,3 ETP	+16.3%	16,6 ETP	+36.1%	12,2 ETP	-27.4%	16,8 ETP	+15.9%	14,5 ETP	-7.6%	15,7 ETP	-1.9%	16,0 ETP	0.0%	16,0 ETP	+0.6%	15,9 ETP	+7.4%	14,8 ETP	-2.6%	15,2 ETP	-5.0%	16,0 ETP	+1.9%	15,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 38 ended

Active mandates

Bart Dobbels

Managing director · since 11 juillet 2024 · until 31 mai 2030

Active

Piet Wauters

Managing director · since 11 juillet 2024 · until 31 mai 2030

Active

Tom Bamelis

Director · since 11 juillet 2024 · until 31 mai 2030

Active

TURBO'S HOET GROUP

Director · since 11 juillet 2024 · until 31 mai 2030 · 0881.774.936

Represented by Inge Hoet

Active

Ended mandates

Bart Dobbels

Managing director · since 09 juin 2023 · until 05 juin 2029

Ended

Piet Wauters

Managing director · since 09 juin 2023 · until 05 juin 2029

Ended

Tom Bamelis

Director · since 09 juin 2023 · until 05 juin 2029

Ended

TURBO'S HOET GROUP

Director · since 09 juin 2023 · until 05 juin 2029 · 0881.774.936

Represented by Inge Hoet

Ended

At this address

Other companies at this address

Company	CBE no.
GREENSTYLE● Active	0836.507.214
HOET TRUCKING & RENTING● Active	0430.529.946
IMMO SPILLIER● Active	0870.819.280
TH Insurance● Active	0780.999.458
TH Trucks Belux● Active	0405.217.203
TH Trucks Brugge● Active	0464.294.161
TH Trucks Brussel● Active	0469.154.257
TH Trucks Ieper● Active	0467.062.324
TH Trucks Immo● Active	0833.637.301
TURBO'S HOET BELGIUM● Active	0440.614.679
TURBO'S HOET GROUP● Active	0881.774.936
TURBO'S HOET GROUP FINANCE● Active	0881.844.420
TURBO'S HOET RUSSIA● Active	0883.293.480

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	22/06/2026	24/06/2025	18/06/2024	03/07/2023	20/06/2022	22/06/2021
General meeting	01/06/2026	06/06/2025	04/06/2024	09/06/2023	03/06/2022	01/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	22/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2024	06/06/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	09/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	01/06/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	19/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	01/06/2016	Dutch	PDF
Full model	31/12/2014	29/04/2015	26/05/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	19/06/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	26/06/2013	Dutch	PDF
Full model	31/12/2011	22/05/2012	11/06/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	06/08/2010	Dutch	PDF
Full model	31/12/2008	16/05/2009	27/08/2009	Dutch	PDF
Full model	31/12/2007	17/05/2008	08/07/2008	Dutch	PDF
Full model	31/12/2006	19/05/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 38 ended

Active mandates

Bart Dobbels

Managing director · since 11 juillet 2024 · until 31 mai 2030

Active

Piet Wauters

Managing director · since 11 juillet 2024 · until 31 mai 2030

Active

Tom Bamelis

Director · since 11 juillet 2024 · until 31 mai 2030

Active

TURBO'S HOET GROUP

Director · since 11 juillet 2024 · until 31 mai 2030 · 0881.774.936

Represented by Inge Hoet

Active

Ended mandates

Bart Dobbels

Managing director · since 09 juin 2023 · until 05 juin 2029

Ended

Piet Wauters

Managing director · since 09 juin 2023 · until 05 juin 2029

Ended

Tom Bamelis

Director · since 09 juin 2023 · until 05 juin 2029

Ended

TURBO'S HOET GROUP

Director · since 09 juin 2023 · until 05 juin 2029 · 0881.774.936

Represented by Inge Hoet

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/12/2013
MAATSCHAPPELIJKE ZETEL
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 20251,2 M €↑
2024
Annual accounts 20241,2 M €↑
2024
Name changeTH Trucks Gent NV
2023
Annual accounts 2023376,4 k €↓
2022
Annual accounts 2022470,6 k €↓
2021
Annual accounts 2021560,4 k €↓
2020
Annual accounts 2020574,4 k €↑
2019
Annual accounts 2019360,5 k €↑
2018
Annual accounts 201851,2 k €↑
2017
Annual accounts 201751,1 k €↓
2016
Annual accounts 2016117,9 k €↓
2015
Annual accounts 2015200,2 k €↑
2014
Annual accounts 2014174,7 k €↓
2013
Annual accounts 2013179,7 k €↑
2012
Annual accounts 2012136,3 k €↓
2011
Annual accounts 2011310,6 k €↑
2011
Name changeTurbotrucks Gent NV
2010
Annual accounts 2010-44,9 k €↓
2009
Annual accounts 200943,2 k €↓
2008
Annual accounts 2008115,6 k €↓
2007
Annual accounts 2007283,2 k €↑
2006
Annual accounts 2006138,7 k €
2006
Name changeSPILLIER-DECOCK GENT
22/12/2004
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

TH Trucks Gent

Overview

What does TH Trucks Gent 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