ACTIVE

THISE

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Financial year 2025 · closed on 31/12/2025

Net result

281 k €

+95.9% YoY

Gross margin

1,6 M €

-5.4% YoY

Equity

1,1 M €

+5.5% YoY

Workforce

14,3 ETP

-1.4% YoY

What does THISE do?

THISE is a Private limited company incorporated in 1979. Its main activity is: Treatment and coating of metals; machining. Its registered office is in Herstal. It employs on average 14,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.692.373

Incorporation

18/06/1979

Legal form

Private limited company

Registered office

Rue des Alouettes 100 box 1
4041 Herstal · WallonieSee on map

Contributed capital

243 426,70 €

Latest accounts

31/12/2025

Average workforce

14,3 ETP

Activities (NACE)

25639Treatment and coating of metals; machining· main 25739Manufacture of tools 28620Manufacture of machinery and equipment n.e.c.28990Manufacture of other special-purpose machinery n.e.c.28990Manufacture of other special-purpose machinery n.e.c.29564Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (4)

111
1110
209
2090

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	1,6 M €	-5.4%	1,7 M €	+39.8%	1,2 M €	+8.4%	1,1 M €	+45.9%	760 k €	-9.7%	841,8 k €	-49.1%	1,7 M €	+24.8%	1,3 M €	-1.0%	1,3 M €	+83.8%	728,4 k €	+23.3%	590,7 k €	-2.4%	605,1 k €	+10.7%	546,4 k €	-21.5%	696,1 k €	+51.5%	459,5 k €	+49.6%	307,3 k €	-8.7%	336,5 k €	-47.6%	641,5 k €	+0.5%	638,6 k €	+10.9%	576 k €
EBITDA	596,1 k €	-8.9%	654,1 k €	+109%	312,8 k €	+3.6%	301,9 k €	+54.7%	195,1 k €	+21.1%	161,1 k €	-70.1%	538,8 k €	-4.1%	562,1 k €	-19.4%	697 k €	+475%	121,3 k €	+96.7%	61,7 k €	-25.1%	82,3 k €	+1657%	4,7 k €	-97.1%	158,9 k €	+569%	23,7 k €	+221%	-19,6 k €	+21.0%	-24,8 k €	-124%	103,3 k €	-35.3%	159,8 k €	+56.1%	102,4 k €
Operating result	387,6 k €	+24.4%	311,6 k €	+78.9%	174,2 k €	+1.9%	171 k €	+131%	74 k €	+145%	30,2 k €	-92.6%	409,2 k €	-14.8%	480,6 k €	-24.6%	637,8 k €	+649%	85,2 k €	+796%	9,5 k €	-65.8%	27,8 k €	+157%	-48,6 k €	-138%	129 k €	+923%	-15,7 k €	+80.9%	-82,3 k €	+19.7%	-102,5 k €	-511%	25 k €	-68.7%	79,7 k €	+262%	22 k €
Net result	281 k €	+95.9%	143,4 k €	+36.8%	104,9 k €	+4.7%	100,1 k €	+1823%	5,2 k €	+88.4%	2,8 k €	-98.8%	237,7 k €	-28.1%	330,6 k €	-18.3%	404,5 k €	+707%	50,1 k €	+349%	11,2 k €	-52.3%	23,4 k €	+145%	-52 k €	-141%	127,9 k €	+772%	-19 k €	+77.8%	-85,7 k €	+10.5%	-95,7 k €	-691%	16,2 k €	-75.6%	66,4 k €	+274%	17,8 k €
Balance sheet
Equity	1,1 M €	+5.5%	1,1 M €	+4.0%	1 M €	+0.3%	1 M €	-0.1%	1 M €	+0.2%	1 M €	+1.2%	1 M €	+9.2%	939,7 k €	+14.2%	823 k €	+96.1%	419,7 k €	+13.2%	370,7 k €	+4.4%	355,2 k €	+6.3%	334,1 k €	-14.0%	388,5 k €	+47.8%	262,9 k €	-7.5%	284,3 k €	-23.8%	373,2 k €	-18.2%	456,4 k €	+3.1%	442,7 k €	+16.9%	378,8 k €
Total assets	4,1 M €	+36.5%	3 M €	+0.6%	3 M €	+2.9%	2,9 M €	+42.8%	2 M €	+4.2%	1,9 M €	-16.5%	2,3 M €	+7.9%	2,1 M €	+52.1%	1,4 M €	+60.6%	877,4 k €	+27.8%	686,7 k €	+0.6%	682,7 k €	-10.9%	766,6 k €	+28.2%	597,9 k €	-2.2%	611,2 k €	+16.6%	524,3 k €	-15.6%	621,4 k €	-19.4%	771,3 k €	-16.2%	920,4 k €	+1.1%	910,4 k €
Cash	423,7 k €	+189%	146,4 k €	+34.9%	108,5 k €	+95.4%	55,5 k €	+24.2%	44,7 k €	-44.4%	80,4 k €	-85.2%	541,8 k €	+45.9%	371,3 k €	+15.6%	321,4 k €	+342%	72,8 k €	-4.1%	75,9 k €	-26.8%	103,6 k €	+374%	21,9 k €	-68.2%	68,8 k €	+404%	13,7 k €	-66.1%	40,3 k €	-49.8%	80,3 k €	-9.4%	88,6 k €	+10.8%	80 k €	+76.3%	45,4 k €
Debts	2,9 M €	+54.3%	1,9 M €	-1.2%	1,9 M €	+4.3%	1,8 M €	+88.7%	971,5 k €	+8.9%	892,1 k €	-30.5%	1,3 M €	+7.9%	1,2 M €	+107%	574,8 k €	+28.8%	446,3 k €	+45.8%	306,1 k €	-3.6%	317,5 k €	-26.6%	432,4 k €	+119%	197,9 k €	-43.2%	348,3 k €	+45.2%	239,9 k €	-3.4%	248,2 k €	-20.8%	313,4 k €	-34.4%	477,7 k €	-10.1%	531,6 k €
Other
Workforce	14,3 ETP	-1.4%	14,5 ETP	+9.8%	13,2 ETP	-14.8%	15,5 ETP	-10.4%	17,3 ETP	-2.3%	17,7 ETP	-3.3%	18,3 ETP	+33.6%	13,7 ETP	+12.3%	12,2 ETP	-6.9%	13,1 ETP	+4.8%	12,5 ETP	+1.6%	12,3 ETP	-10.9%	13,8 ETP	-1.4%	14,0 ETP	+12.0%	12,5 ETP	+5.9%	11,8 ETP	-6.3%	12,6 ETP	-13.7%	14,6 ETP	+21.7%	12,0 ETP	0.0%	12,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

TECHNORAMA INVEST

Director · since 25 février 2019 · 0480.255.908

Represented by José BADER

Active

Ended mandates

OOR-PITTOMVILS

Manager · since 26 avril 2019 · 0896.587.133

Represented by Heidi PITTOMVILS

Ended

TECHNORAMA INVEST

Manager · since 16 mars 2018 · 0480.255.908

Represented by José BADER

Ended

JEAN PIERRE THISE

Mandate

Ended

TECHNORAMA INVEST

Mandate · 0480.255.908

Represented by Sandrine KUPIEC

Ended

At this address

Other companies at this address

Company	CBE no.
ALLIANCE DES ROBINETIERS EUROPEENS● Active	0540.824.785
ICARUS● Active	0427.223.434
ICARUS GROUP● Active	0508.780.539
TECHNOLOGIE DECOLLETAGE & FASTENERS● Active	1031.277.868
TECHNORAMA INVEST● Active	0480.255.908
UNITE TVA ICARUS UNIT● Active	0562.909.509

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	19/08/2026	14/07/2025	04/07/2024	30/06/2023	31/08/2022	26/08/2021
General meeting	01/06/2026	01/06/2025	01/06/2024	01/06/2023	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	01/06/2026	19/08/2026	French	PDF
Abridged model	31/12/2024	01/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	01/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	26/08/2021	French	PDF
Abridged model	31/12/2019	30/09/2020	05/10/2020	French	PDF
Abridged model	31/12/2018	05/07/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	14/08/2018	French	PDF
Abridged model	31/12/2016	19/06/2017	21/06/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	12/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	08/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	05/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	16/09/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 6 ended

Active mandates

TECHNORAMA INVEST

Director · since 25 février 2019 · 0480.255.908

Represented by José BADER

Active

Ended mandates

OOR-PITTOMVILS

Manager · since 26 avril 2019 · 0896.587.133

Represented by Heidi PITTOMVILS

Ended

TECHNORAMA INVEST

Manager · since 16 mars 2018 · 0480.255.908

Represented by José BADER

Ended

JEAN PIERRE THISE

Mandate

Ended

TECHNORAMA INVEST

Mandate · 0480.255.908

Represented by Sandrine KUPIEC

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/11/2022
SIEGE SOCIAL
PDF
Mandates01/07/2022
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office26/01/2018
SIEGE SOCIAL
PDF
Restructuring12/01/2005
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/11/2004
DIVERS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025281 k €↑
2024
Annual accounts 2024143,4 k €↑
2023
Annual accounts 2023104,9 k €↑
2022
Annual accounts 2022100,1 k €↑
2021
Annual accounts 20215,2 k €↑
2020
Annual accounts 20202,8 k €↓
2019
Annual accounts 2019237,7 k €↓
2018
Annual accounts 2018330,6 k €↓
2017
Annual accounts 2017404,5 k €↑
2016
Annual accounts 201650,1 k €↑
2015
Annual accounts 201511,2 k €↓
2014
Annual accounts 201423,4 k €↑
2013
Annual accounts 2013-52 k €↓
2012
Annual accounts 2012127,9 k €↑
2011
Annual accounts 2011-19 k €↑
2010
Annual accounts 2010-85,7 k €↑
2009
Annual accounts 2009-95,7 k €↓
2008
Annual accounts 200816,2 k €↓
2007
Annual accounts 200766,4 k €↑
2006
Annual accounts 200617,8 k €
18/06/1979
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

THISE

Overview

What does THISE 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