ACTIVE

Thiers Properties

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Financial year 2025 · closed on 31/12/2025

Net result

96,3 k €

+28.7% YoY

Gross margin

189,7 k €

-1.7% YoY

Equity

1 M €

+10.6% YoY

Workforce

0,0 ETP

What does Thiers Properties do?

Thiers Properties is a Private limited company incorporated in 1968. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.203.930

Incorporation

04/12/1968

Legal form

Private limited company

Registered office

Dam(Kor) 10
8500 Kortrijk · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	189,7 k €	-1.7%	193 k €	+149%	77,7 k €	-66.4%	231,4 k €	+817%	25,2 k €	-75.8%	104,4 k €	-7.8%	113,2 k €	+229%	34,4 k €	-82.8%	200,3 k €	+386%	41,2 k €	-36.0%	64,4 k €	+225%	19,8 k €	+16.1%	17,1 k €	-1.3%	17,3 k €	-24.0%	22,7 k €	-3.5%	23,6 k €	-72.9%	86,8 k €	+186%	30,3 k €
EBITDA	178 k €	+4.5%	170,4 k €	+149%	68,5 k €	-69.1%	221,6 k €	+1242%	16,5 k €	-82.8%	96,2 k €	-8.5%	105,1 k €	+297%	26,5 k €	-85.9%	187,6 k €	+515%	30,5 k €	-42.4%	53 k €	+260%	14,7 k €	+22.7%	12 k €	+54.2%	7,8 k €	-47.0%	14,7 k €	-3.3%	15,2 k €	-80.9%	79,7 k €	+275%	21,2 k €
Operating result	155,5 k €	+5.2%	147,8 k €	+221%	46 k €	-76.9%	199,1 k €	+3416%	-6 k €	-108%	72,1 k €	+4.8%	68,8 k €	+844%	-9,3 k €	-106%	154,6 k €	+12340%	-1,3 k €	-103%	40,2 k €	+621%	5,6 k €	+95.6%	2,9 k €	+308%	-1,4 k €	-125%	5,5 k €	-8.4%	6 k €	-91.4%	70,5 k €	+484%	12,1 k €
Net result	96,3 k €	+28.7%	74,8 k €	+2309%	3,1 k €	-97.8%	138,7 k €	+659%	-24,8 k €	-166%	37,4 k €	-10.2%	41,7 k €	+228%	-32,6 k €	-137%	89,1 k €	+601%	12,7 k €	-14.0%	14,8 k €	+262%	-9,1 k €	+13.3%	-10,6 k €	+44.4%	-19 k €	-91.9%	-9,9 k €	+10.3%	-11 k €	-128%	38,9 k €	+1330%	-3,2 k €
Balance sheet
Equity	1 M €	+10.6%	910,7 k €	+8.9%	836 k €	+0.4%	832,8 k €	+20.0%	694,2 k €	-7.0%	746,1 k €	+5.3%	708,7 k €	+6.2%	667 k €	-4.7%	699,6 k €	+14.6%	610,5 k €	+501%	101,5 k €	+17.0%	86,7 k €	-9.5%	95,9 k €	-9.9%	106,4 k €	-15.1%	125,4 k €	-7.3%	135,3 k €	-7.5%	146,3 k €	+36.2%	107,4 k €
Total assets	2,7 M €	-7.1%	2,9 M €	+0.7%	2,9 M €	-7.3%	3,1 M €	+24.1%	2,5 M €	+9.9%	2,3 M €	-10.4%	2,6 M €	+3.3%	2,5 M €	-2.1%	2,5 M €	-12.6%	2,9 M €	+286%	752,1 k €	+10.1%	683,3 k €	+29.8%	526,6 k €	-0.1%	527,4 k €	-1.5%	535,3 k €	-1.7%	544,5 k €	-5.7%	577,5 k €	-1.4%	585,7 k €
Cash	38,4 k €	-85.2%	260,1 k €	+3221%	7,8 k €	-96.1%	202,3 k €	+6549%	3 k €	+35.9%	2,2 k €	+25.0%	1,8 k €	-63.4%	4,9 k €	-95.6%	111,9 k €	+912%	11,1 k €	-83.0%	65 k €	+600%	9,3 k €	+202%	3,1 k €	-34.8%	4,7 k €	+36.5%	3,5 k €	-1.7%	3,5 k €	-87.2%	27,4 k €	+90.4%	14,4 k €
Debts	1,7 M €	-15.2%	2 M €	-2.9%	2,1 M €	-10.1%	2,3 M €	+25.6%	1,8 M €	+17.0%	1,6 M €	-16.4%	1,9 M €	+2.2%	1,8 M €	-1.1%	1,8 M €	-19.8%	2,3 M €	+252%	650,6 k €	+9.0%	596,6 k €	+38.6%	430,6 k €	+2.3%	420,9 k €	+2.7%	409,9 k €	+0.2%	408,9 k €	-5.1%	431 k €	-9.8%	478 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Thiers Frederiek

Active

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Thiers Lieven

Active

Ended mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Thiers FREDERIEK

Ended

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Thiers LIEVEN

Ended

BV Thiers Invest

Director · since 23 décembre 2016

Ended

THIERS INVEST

Director · since 23 décembre 2016 · 0459.930.943

Represented by Lieven THIERS

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	24/07/2026	28/07/2025	31/07/2024	30/08/2023	29/07/2022	19/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	19/04/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/04/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	21/04/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/04/2016	31/07/2016	Dutch	PDF
Abridged model	31/12/2014	17/04/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	18/04/2014	26/05/2014	Dutch	PDF
Abridged model	31/12/2012	19/04/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	20/04/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/04/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	16/04/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	17/04/2009	15/05/2009	Dutch	PDF
Abridged model	31/12/2007	18/04/2008	14/05/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	05/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 9 ended

Active mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Thiers Frederiek

Active

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Thiers Lieven

Active

Ended mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Thiers FREDERIEK

Ended

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Thiers LIEVEN

Ended

BV Thiers Invest

Director · since 23 décembre 2016

Ended

THIERS INVEST

Director · since 23 décembre 2016 · 0459.930.943

Represented by Lieven THIERS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring17/04/2015
BENAMING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/01/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office07/10/2010
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares30/11/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202596,3 k €↑
2024
Annual accounts 202474,8 k €↑
2023
Annual accounts 20233,1 k €↓
2022
Annual accounts 2022138,7 k €↑
2021
Annual accounts 2021-24,8 k €↓
2019
Annual accounts 201937,4 k €↓
2018
Annual accounts 201841,7 k €↑
2017
Annual accounts 2017-32,6 k €↓
2016
Annual accounts 201689,1 k €↑
2015
Annual accounts 201512,7 k €↓
2013
Annual accounts 201314,8 k €↑
2012
Annual accounts 2012-9,1 k €↑
2011
Annual accounts 2011-10,6 k €↑
2010
Annual accounts 2010-19 k €↓
2009
Annual accounts 2009-9,9 k €↑
2008
Annual accounts 2008-11 k €↓
2007
Annual accounts 200738,9 k €↑
2006
Annual accounts 2006-3,2 k €
04/12/1968
IncorporationPrivate 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

Thiers Properties

Overview

What does Thiers Properties do?

Trend over 18 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