ACTIVE

Thornton

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Financial year 2025 · closed on 31/12/2025

Net result

249,3 k €

-11.1% YoY

Gross margin

1,4 M €

+2.5% YoY

Equity

2,5 M €

+4.2% YoY

Workforce

12,8 ETP

+2.4% YoY

What does Thornton do?

Thornton is a Public limited company incorporated in 1968. Its registered office is in Antwerpen. It employs on average 12,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.449.823

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Treurenborg 9
2030 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

12,8 ETP

Joint committees (5)

111
14904
200
209
226

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	1,4 M €	+2.5%	1,4 M €	-12.4%	1,6 M €	+24.6%	1,3 M €	-13.4%	1,5 M €	+16.7%	1,3 M €	+1.7%	1,3 M €	+13.3%	1,1 M €	+52.3%	729,9 k €	-7.8%	791,7 k €	-10.9%	888,2 k €	-9.2%	978,1 k €	-10.7%	1,1 M €	+23.0%	890,6 k €	+16.5%	764,8 k €	-6.5%	817,8 k €	-5.7%	867 k €	+11.9%	774,5 k €	-16.4%	926,8 k €		–
EBITDA	394,7 k €	-12.8%	452,5 k €	-34.0%	686 k €	+58.9%	431,7 k €	-7.1%	464,7 k €	+52.3%	305 k €	+152%	120,9 k €	+496%	-30,6 k €	+67.3%	-93,3 k €	-470%	-16,4 k €	-143%	38,4 k €	-49.6%	76,1 k €	-62.7%	204 k €	+1162%	-19,2 k €	+62.2%	-50,9 k €	-270%	29,9 k €	-71.0%	103,2 k €	+235%	-76,3 k €	-197%	79,1 k €	+200%	-79 k €
Operating result	280,1 k €	-23.0%	363,5 k €	-40.7%	612,7 k €	+61.6%	379,1 k €	-10.9%	425,7 k €	+63.1%	261 k €	+281%	68,5 k €	+246%	-46,9 k €	+50.5%	-94,8 k €	-419%	-18,3 k €	-155%	33 k €	-52.8%	69,9 k €	-62.6%	186,7 k €	+537%	-42,7 k €	+43.1%	-75 k €	-2070%	3,8 k €	-85.4%	26,1 k €	+118%	-143,4 k €	-366%	-30,8 k €	+83.3%	-184,4 k €
Net result	249,3 k €	-11.1%	280,5 k €	-39.3%	461,8 k €	+80.2%	256,3 k €	-16.7%	307,8 k €	+41.7%	217,2 k €	+245%	63 k €	-88.9%	569,3 k €	+5628%	-10,3 k €	+44.9%	-18,7 k €	-216%	16,1 k €	-60.6%	40,7 k €	-79.5%	199,2 k €	+504%	33 k €	+146%	-72,3 k €	-1145%	6,9 k €	-62.4%	18,4 k €	+116%	-115,9 k €	-389%	-23,7 k €	-115%	159,7 k €
Balance sheet
Equity	2,5 M €	+4.2%	2,4 M €	+5.8%	2,3 M €	+16.1%	1,9 M €	+8.8%	1,8 M €	+16.9%	1,5 M €	+16.6%	1,3 M €	+5.1%	1,2 M €	+84.3%	675,5 k €	-1.5%	685,8 k €	-2.7%	704,5 k €	+2.3%	688,5 k €	+6.3%	647,7 k €	+44.4%	448,6 k €	+7.9%	415,6 k €	-14.8%	487,9 k €	+1.4%	481 k €	+4.0%	462,6 k €	-20.0%	578,5 k €	-3.9%	602,2 k €
Total assets	3,8 M €	-9.3%	4,2 M €	+9.7%	3,9 M €	-5.1%	4,1 M €	+32.7%	3,1 M €	-7.4%	3,3 M €	-12.4%	3,8 M €	+13.6%	3,3 M €	+201%	1,1 M €	-7.9%	1,2 M €	+11.6%	1,1 M €	-22.1%	1,4 M €	+29.4%	1,1 M €	+17.5%	907,2 k €	+15.2%	787,6 k €	-20.8%	993,9 k €	+9.4%	908,7 k €	-3.3%	940,2 k €	-25.4%	1,3 M €	-31.2%	1,8 M €
Cash	405,9 k €	+9.4%	370,9 k €	-20.9%	469,2 k €	+37.7%	340,8 k €	+32.2%	257,8 k €	+31.7%	195,8 k €	-13.6%	226,7 k €	-52.4%	476,1 k €	+34.4%	354,3 k €	+2.4%	346 k €	+93.0%	179,2 k €	-51.9%	372,9 k €	+4.5%	357 k €	+205%	117,1 k €	-22.9%	151,8 k €	-2.9%	156,3 k €	+9.4%	142,8 k €	+2.8%	139 k €	-66.5%	415 k €	+36.2%	304,8 k €
Debts	1,3 M €	-26.7%	1,8 M €	+15.6%	1,6 M €	-24.2%	2,1 M €	+65.3%	1,3 M €	-28.2%	1,8 M €	-27.9%	2,5 M €	+19.2%	2,1 M €	+380%	428,5 k €	-15.6%	507,8 k €	+39.7%	363,5 k €	-47.1%	687,3 k €	+67.9%	409,4 k €	-7.9%	444,6 k €	+26.2%	352,2 k €	-26.9%	481,9 k €	+20.0%	401,5 k €	-5.4%	424,5 k €	-26.4%	576,8 k €	-28.3%	804,8 k €
Other
Workforce	12,8 ETP	+2.4%	12,5 ETP	+4.2%	12,0 ETP	-5.5%	12,7 ETP	-14.2%	14,8 ETP	-3.3%	15,3 ETP	-6.7%	16,4 ETP	+1.2%	16,2 ETP	+37.3%	11,8 ETP	0.0%	11,8 ETP	-4.8%	12,4 ETP	-4.6%	13,0 ETP	-9.1%	14,3 ETP	+0.7%	14,2 ETP	+3.6%	13,7 ETP	+2.2%	13,4 ETP	-2.9%	13,8 ETP	-8.6%	15,1 ETP	-11.7%	17,1 ETP	-26.0%	23,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 40 ended

Active mandates

Gilles VAN STRYDONCK

Director · since 15 mai 2025 · until 18 mai 2028

Active

Grégoire Van Strydonck

Director · since 15 mai 2025 · until 18 mai 2028

Active

JEMMINVEST

Director · since 15 mai 2025 · until 18 mai 2028 · 0720.743.355

Represented by Christophe Koevoets

Active

Marc van Strydonck

Director · since 15 mai 2025 · until 18 mai 2028

Active

Ended mandates

Thico Group

Director · since 16 mai 2024 · until 15 mai 2025 · 0403.470.906

Represented by Grégoire Van Strydonck

Ended

JEMMINVEST

Director · since 19 mai 2022 · until 15 mai 2025 · 0720.743.355

Represented by Christophe Koevoets

Ended

Pierre Seynaeve

Director · since 20 mai 2021 · until 15 mai 2025

Ended

Marc van Strydonck

Director · since 22 mai 2020 · until 15 mai 2025

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	19/06/2025	28/06/2024	27/06/2023	11/07/2022	28/06/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	19/05/2023	19/05/2022	20/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/05/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	16/06/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	20/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 40 ended

Active mandates

Gilles VAN STRYDONCK

Director · since 15 mai 2025 · until 18 mai 2028

Active

Grégoire Van Strydonck

Director · since 15 mai 2025 · until 18 mai 2028

Active

JEMMINVEST

Director · since 15 mai 2025 · until 18 mai 2028 · 0720.743.355

Represented by Christophe Koevoets

Active

Marc van Strydonck

Director · since 15 mai 2025 · until 18 mai 2028

Active

Ended mandates

Thico Group

Director · since 16 mai 2024 · until 15 mai 2025 · 0403.470.906

Represented by Grégoire Van Strydonck

Ended

JEMMINVEST

Director · since 19 mai 2022 · until 15 mai 2025 · 0720.743.355

Represented by Christophe Koevoets

Ended

Pierre Seynaeve

Director · since 20 mai 2021 · until 15 mai 2025

Ended

Marc van Strydonck

Director · since 22 mai 2020 · until 15 mai 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
PDF
Mandates30/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 2025249,3 k €↓
2025
Name changeThornton NV
2024
Annual accounts 2024280,5 k €↓
2023
Annual accounts 2023461,8 k €↑
2022
Annual accounts 2022256,3 k €↓
2021
Annual accounts 2021307,8 k €↑
2021
Name changeICTC NV
2020
Annual accounts 2020217,2 k €↑
2019
Annual accounts 201963 k €↓
2018
Annual accounts 2018569,3 k €↑
2017
Annual accounts 2017-10,3 k €↑
2016
Annual accounts 2016-18,7 k €↓
2015
Annual accounts 201516,1 k €↓
2014
Annual accounts 201440,7 k €↓
2013
Annual accounts 2013199,2 k €↑
2012
Annual accounts 201233 k €↑
2011
Annual accounts 2011-72,3 k €↓
2010
Annual accounts 20106,9 k €↓
2009
Annual accounts 200918,4 k €↑
2008
Annual accounts 2008-115,9 k €↓
2007
Annual accounts 2007-23,7 k €↓
2006
Annual accounts 2006159,7 k €
01/01/1968
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

Thornton

Overview

What does Thornton 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