Thiry Paints West-Vlaanderen
0405.539.479 · rovalta.com · 26/09/2026
ACTIVE
Thiry Paints West-Vlaanderen
Financial year 2025 · Closed on 31/12/2025
Net result-356,2 k €-79,4 %over 1 year
Revenue14,5 M €-3,2 %over 1 year
Equity915,1 k €-28,0 %over 1 year
Workforce45,0 ETP-12,1 %over 1 year
Overview
Identity
Source · BCE/KBOThiry Paints West-Vlaanderen is a Public limited company incorporated in 1967. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Tielt. It employs on average 45,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0405.539.479
- Incorporation
- 14/07/1967
- Legal form
- Public limited company
- Registered office
- Galgenveldstraat 4
8700 Tielt · FlandreSee on map - Contributed capital
- 82 048,84 €
- Latest accounts
- 31/12/2025
- Average workforce
- 45,0 ETP
Activities (NACE)
20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics24300Manufacture of other products of first processing of steel47526Retail sale of hardware, paints and glass in specialised stores47526Retail sale of hardware, paints and glass in specialised stores46731Wholesale of wood, construction materials and sanitary equipment+2
Joint committees (7)
- 100
- 109
- 116
- 124
- 200
- 201
- 207
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 21 filingsTrend over 18 financial years
| 2025 | 2024 | 2023 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 14,5 M € | -3.2% | 15 M € | – | – | – | |||
| EBITDA | 305,1 k € | -37.1% | 485,1 k € | +281% | 127,3 k € | -76.1% | 532,8 k € | +15.6% | 460,9 k € |
| Operating result | -131,3 k € | -394% | 44,7 k € | +123% | -194,2 k € | -155% | 353,9 k € | +19.3% | 296,7 k € |
| Net result | -356,2 k € | -79.4% | -198,6 k € | +38.0% | -320,2 k € | -199% | 324,1 k € | +11.8% | 289,8 k € |
| Balance sheet | |||||||||
| Equity | 915,1 k € | -28.0% | 1,3 M € | -13.5% | 1,5 M € | -10.7% | 1,6 M € | +24.5% | 1,3 M € |
| Total assets | 7,4 M € | -1.7% | 7,5 M € | +23.6% | 6,1 M € | +4.4% | 5,8 M € | +72.8% | 3,4 M € |
| Cash | 120,8 k € | +173% | 44,2 k € | +13.4% | 38,9 k € | +158% | 15,1 k € | -76.0% | 62,7 k € |
| Debts | 6,5 M € | +3.9% | 6,2 M € | +35.4% | 4,6 M € | +10.2% | 4,2 M € | +104% | 2 M € |
| Other | |||||||||
| Workforce | 45,0 ETP | -12.1% | 51,2 ETP | +22.8% | 41,7 ETP | +51.1% | 27,6 ETP | +11.3% | 24,8 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 48 ended
Active mandates
Ended mandates
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full 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 | 05/08/2026 | 10/11/2025 | 28/08/2024 | 31/10/2023 | 03/10/2022 | 07/12/2021 |
| General meeting | 28/07/2026 | 23/10/2025 | 08/08/2024 | 15/09/2023 | 30/09/2022 | 30/11/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 21 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 28/07/2026 | 05/08/2026 | Dutch | |
| Full model | 31/12/2024 | 23/10/2025 | 10/11/2025 | Dutch | |
| Abridged model | 31/12/2023 | 08/08/2024 | 28/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 15/09/2023 | 31/10/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/09/2022 | 03/10/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/11/2021 | 07/12/2021 | Dutch | |
| Abridged model | 31/12/2019 | 18/09/2020 | 25/09/2020 | Dutch | |
| Abridged model | 31/12/2018 | 28/08/2019 | 30/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 28/05/2018 | 20/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 29/05/2017 | 19/07/2017 | Dutch | |
| Full model | 31/12/2015 | 30/05/2016 | 30/06/2016 | Dutch | |
| Full model | 31/12/2014 | 25/05/2015 | 26/08/2015 | Dutch | |
| Full model | 31/12/2013 | 18/08/2014 | 29/08/2014 | Dutch | |
| Full modelCorrection | 31/12/2012 | 27/05/2013 | 10/04/2014 | Dutch | |
| Full model | 31/12/2012 | 27/05/2013 | 27/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/05/2012 | 16/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 10/06/2011 | 04/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 10/06/2010 | 30/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 22/06/2009 | 07/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 26/06/2008 | 01/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 18/06/2007 | 24/08/2007 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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
Board of directors
Source · NBB, accounts to 31/12/20253 active · 48 ended
Active mandates
Ended mandates
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other24/09/2026—
- Restructuring26/08/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other18/08/2022DOEL
- Restructuring28/06/2022RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other05/05/2021STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
- Mandates15/12/2020ONTSLAGEN - BENOEMINGEN
- Mandates10/11/2020ONTSLAGEN - BENOEMINGEN
- Mandates11/02/2020ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-356,2 k €↓
- 2024Annual accounts 2024-198,6 k €↑
- 2023Annual accounts 2023-320,2 k €↓
- 2021Annual accounts 2021324,1 k €↑
- 2020Annual accounts 2020289,8 k €↑
- 2019Annual accounts 2019-476,1 k €↓
- 2018Annual accounts 2018-311,5 k €↓
- 2017Annual accounts 2017160,3 k €↓
- 2016Annual accounts 2016288,5 k €↑
- 2014Annual accounts 201425 k €↓
- 2013Annual accounts 201392 k €↑
- 2012Annual accounts 201239 k €↓
- 2011Annual accounts 2011148 k €↑
- 2010Annual accounts 201067,4 k €↓
- 2009Annual accounts 2009141,9 k €↓
- 2008Annual accounts 2008188,8 k €↑
- 2007Annual accounts 2007118,2 k €↓
- 2006Annual accounts 2006174,3 k €
- 14/07/1967IncorporationPublic limited company