ACTIVE

THIERS

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Financial year 2025 · closed on 31/12/2025

Net result

-255,5 k €

+38.2% YoY

Revenue

2,1 M €

-24.5% YoY

Equity

1,5 M €

-14.8% YoY

Workforce

0,0 ETP

What does THIERS do?

THIERS is a Public limited company incorporated in 1973. Its main activity is: Office administrative, office support and other business support activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.072.619

Incorporation

16/03/1973

Legal form

Public limited company

Registered office

Dam(Kor) 10
8500 Kortrijk · FlandreSee on map

Contributed capital

520 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

82400Office administrative, office support and other business support activities· main 68121Buying and selling of own real estate 71111Architectural activities 82100Office administrative and support activities 82990Other business support service activities n.e.c.

Signals

Good liquidityPositive 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		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2,1 M €	-24.5%	2,8 M €	-5.1%	2,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	133,2 k €	+1938%	-7,2 k €	+80.9%	-38 k €	-107%	507,2 k €	+666%	66,2 k €	-68.8%	212,5 k €	-18.7%	261,2 k €	-66.2%	773,3 k €	+181%	275,7 k €	+13.4%	243 k €	-55.9%	550,7 k €	+40.8%	391,2 k €	-33.6%	589,1 k €	-46.1%	1,1 M €	+176%	396,2 k €	-12.0%	450,1 k €	+110%	214,2 k €	-10.6%	239,6 k €
Operating result	30,9 k €	+127%	-116 k €	+17.3%	-140,3 k €	-135%	399 k €	+998%	-44,4 k €	-145%	99,7 k €	-32.5%	147,5 k €	-77.6%	657,4 k €	+344%	147,9 k €	+23.0%	120,2 k €	-74.1%	464,9 k €	+142%	192,5 k €	-49.0%	377,3 k €	-57.8%	893,6 k €	+311%	217,3 k €	-33.9%	328,9 k €	+108%	157,9 k €	-18.7%	194,1 k €
Net result	-255,5 k €	+38.2%	-413,7 k €	+36.5%	-651,7 k €	-531%	151,1 k €	+182%	-184,2 k €	-2126%	-8,3 k €	+81.8%	-45,6 k €	-114%	324,4 k €	+5.5%	307,6 k €	+948%	-36,3 k €	-112%	312,5 k €	+403%	62,2 k €	-65.9%	182,3 k €	-58.8%	442,5 k €	+321%	105 k €	-6.8%	112,7 k €	+51.5%	74,4 k €	-40.2%	124,3 k €
Balance sheet
Equity	1,5 M €	-14.8%	1,7 M €	-19.3%	2,1 M €	-23.3%	2,8 M €	+5.7%	2,6 M €	-20.5%	3,3 M €	-0.2%	3,3 M €	-1.3%	3,4 M €	+8.5%	3,1 M €	+10.9%	2,8 M €	-1.3%	2,8 M €	+12.3%	2,5 M €	+2.5%	2,5 M €	+8.0%	2,3 M €	+24.0%	1,8 M €	+6.0%	1,7 M €	+6.9%	1,6 M €	+4.8%	1,6 M €
Total assets	10,2 M €	-14.0%	11,9 M €	-4.1%	12,4 M €	-0.6%	12,4 M €	+9.2%	11,4 M €	-0.4%	11,4 M €	+4.2%	11 M €	+2.2%	10,7 M €	+29.8%	8,3 M €	+11.5%	7,4 M €	+2.4%	7,2 M €	+3.7%	7 M €	+5.4%	6,6 M €	-19.3%	8,2 M €	-19.2%	10,2 M €	+68.9%	6 M €	+16.0%	5,2 M €	+24.6%	4,2 M €
Cash	645 k €	-28.5%	902,3 k €	+119%	412 k €	-67.6%	1,3 M €	+892%	128,1 k €	-61.4%	331,9 k €	+2.5%	323,8 k €	-65.8%	947,6 k €	-3.7%	984,2 k €	+516%	159,7 k €	-89.0%	1,5 M €	+100%	727 k €	+10.9%	655,8 k €	-53.3%	1,4 M €	-25.5%	1,9 M €	+109%	901,1 k €	+239%	265,7 k €	-55.2%	593,2 k €
Debts	8,6 M €	-13.2%	9,9 M €	-0.3%	9,9 M €	+7.1%	9,2 M €	+6.5%	8,7 M €	+7.7%	8,1 M €	+6.2%	7,6 M €	+4.5%	7,3 M €	+43.5%	5,1 M €	+11.1%	4,6 M €	+6.7%	4,3 M €	-0.7%	4,3 M €	+8.7%	4 M €	-30.4%	5,7 M €	-29.2%	8 M €	+94.5%	4,1 M €	+19.8%	3,4 M €	+37.9%	2,5 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	-54.5%	3,3 ETP	+10.0%	3,0 ETP	0.0%	3,0 ETP	+15.4%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Frederiek Thiers

Active

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Lieven Thiers

Active

Ended mandates

FREJUT

Director · since 01 janvier 2017 · until 02 juin 2022 · 0667.745.426

Represented by Frederiek thiers

Ended

THIERS INVEST

Director · since 01 janvier 2017 · until 02 juin 2022 · 0459.930.943

Represented by COMM.V. LIEVEN THIERS vertegenwoordigd door

Ended

THIERS INVEST

Director · since 01 janvier 2017 · until 02 juin 2022 · 0459.930.943

Represented by Lieven Thiers

Ended

FREJUT

Director · since 23 décembre 2016 · 0667.745.426

Represented by Thiers FREDERIEK

Ended

At this address

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LIEVEN THIERS● Active	0667.747.505
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STAD EN MILIEU● Active	0437.987.365
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THIERS INVEST● Active	0459.930.943
Thiers Properties● Active	0406.203.930

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	30/07/2025	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	30/07/2025	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	07/06/2019	20/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	30/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	13/07/2007	Dutch	PDF

Estimate

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.

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 · 15 ended

Active mandates

FREJUT

Director · since 06 décembre 2023 · 0667.745.426

Represented by Frederiek Thiers

Active

THIERS INVEST

Director · since 06 décembre 2023 · 0459.930.943

Represented by Lieven Thiers

Active

Ended mandates

FREJUT

Director · since 01 janvier 2017 · until 02 juin 2022 · 0667.745.426

Represented by Frederiek thiers

Ended

THIERS INVEST

Director · since 01 janvier 2017 · until 02 juin 2022 · 0459.930.943

Represented by COMM.V. LIEVEN THIERS vertegenwoordigd door

Ended

THIERS INVEST

Director · since 01 janvier 2017 · until 02 juin 2022 · 0459.930.943

Represented by Lieven Thiers

Ended

FREJUT

Director · since 23 décembre 2016 · 0667.745.426

Represented by Thiers FREDERIEK

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2017
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2012
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 2025-255,5 k €↑
2024
Annual accounts 2024-413,7 k €↑
2023
Annual accounts 2023-651,7 k €↓
2022
Annual accounts 2022151,1 k €↑
2021
Annual accounts 2021-184,2 k €↓
2019
Annual accounts 2019-8,3 k €↑
2018
Annual accounts 2018-45,6 k €↓
2017
Annual accounts 2017324,4 k €↑
2016
Annual accounts 2016307,6 k €↑
2015
Annual accounts 2015-36,3 k €↓
2014
Annual accounts 2014312,5 k €↑
2013
Annual accounts 201362,2 k €↓
2012
Annual accounts 2012182,3 k €↓
2011
Annual accounts 2011442,5 k €↑
2010
Annual accounts 2010105 k €↓
2009
Annual accounts 2009112,7 k €↑
2008
Annual accounts 200874,4 k €↓
2007
Annual accounts 2007124,3 k €
16/03/1973
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

THIERS

Overview

What does THIERS 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