ACTIVE

THALASSA

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Financial year 2025 · closed on 31/12/2025

Net result

411,8 k €

-3.5% YoY

Gross margin

954,8 k €

+8.2% YoY

Equity

1,3 M €

+26.0% YoY

Workforce

5,3 ETP

+1.9% YoY

What does THALASSA do?

THALASSA is a Private limited company incorporated in 1985. Its main activity is: Information service activities. Its registered office is in Oostende. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.852.746

Incorporation

25/09/1985

Legal form

Private limited company

Registered office

Vindictivelaan 6
8400 Oostende · FlandreSee on map

Contributed capital

15 642,32 €

Latest accounts

31/12/2025

Average workforce

5,3 ETP

Activities (NACE)

63301Information service activities· main 79110Travel agency activities 79110Travel agency activities

Joint committees (2)

20000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	954,8 k €	+8.2%	882,9 k €	+44.4%	611,4 k €	+78.1%	343,3 k €	+169%	127,6 k €	-5.2%	134,5 k €	-54.0%	292,1 k €	-6.0%	310,9 k €	+28.9%	241,2 k €	-9.4%	266 k €	+19.8%	222,1 k €	+15.9%	191,5 k €	+1.0%	189,6 k €	+33.8%	141,7 k €	-3.0%	146 k €	+19.9%	121,8 k €	+60.5%	75,8 k €	-26.9%	103,7 k €	-11.1%	116,8 k €	+14.3%	102,2 k €
EBITDA	651,6 k €	+5.9%	615,4 k €	+56.4%	393,5 k €	+115%	183,2 k €	+400%	36,6 k €	+110%	17,5 k €	-80.1%	88 k €	-40.8%	148,7 k €	+83.7%	80,9 k €	-32.9%	120,7 k €	+37.7%	87,6 k €	+17.8%	74,4 k €	+8.3%	68,7 k €	+156%	26,8 k €	-59.2%	65,8 k €	+192%	22,5 k €	+408%	-7,3 k €	-127%	27,3 k €	-58.2%	65,3 k €	+28.1%	51 k €
Operating result	580,1 k €	-3.7%	602,1 k €	+58.8%	379,2 k €	+117%	175 k €	+1586%	10,4 k €	+174%	-13,9 k €	-124%	58,1 k €	-53.0%	123,5 k €	+138%	51,8 k €	-45.4%	94,9 k €	+43.8%	66 k €	+28.4%	51,4 k €	-5.2%	54,2 k €	+481%	9,3 k €	-80.8%	48,5 k €	+1021%	4,3 k €	+114%	-31,2 k €	-819%	4,3 k €	-88.5%	37,6 k €	+55.2%	24,2 k €
Net result	411,8 k €	-3.5%	426,7 k €	+55.5%	274,5 k €	+117%	126,8 k €	+1403%	8,4 k €	+156%	-15,2 k €	-128%	54,7 k €	-33.5%	82,3 k €	+145%	33,6 k €	-38.7%	54,8 k €	+34.4%	40,8 k €	+10.8%	36,8 k €	-10.7%	41,2 k €	+162%	15,8 k €	-65.3%	45,4 k €	+610%	6,4 k €	+123%	-28 k €	-396%	9,5 k €	-71.5%	33,2 k €	+84.8%	18 k €
Balance sheet
Equity	1,3 M €	+26.0%	1,1 M €	+67.2%	635,4 k €	+43.2%	443,6 k €	+3.7%	427,8 k €	+2.0%	419,4 k €	-3.5%	434,6 k €	+4.3%	416,6 k €	-26.5%	566,8 k €	+6.3%	533,2 k €	+11.5%	478,4 k €	+9.3%	437,7 k €	+121%	198,4 k €	-53.0%	422,1 k €	+3.9%	406,4 k €	+12.6%	360,9 k €	-0.4%	362,5 k €	+39.1%	260,6 k €	+3.8%	251,1 k €	+15.2%	217,9 k €
Total assets	4,8 M €	+14.3%	4,2 M €	+35.5%	3,1 M €	+27.2%	2,4 M €	+50.3%	1,6 M €	+5.0%	1,5 M €	-31.8%	2,2 M €	+14.7%	2 M €	+6.5%	1,8 M €	+0.4%	1,8 M €	+14.6%	1,6 M €	+4.1%	1,5 M €	+51.5%	1 M €	-0.5%	1 M €	+0.2%	1 M €	-22.2%	1,3 M €	+33.9%	974,2 k €	+50.0%	649,4 k €	+12.5%	577,1 k €	+19.5%	482,9 k €
Cash	530,5 k €	-51.3%	1,1 M €	+113%	511,5 k €	-26.4%	695 k €	-7.7%	752,7 k €	-5.0%	792,2 k €	-14.5%	926,7 k €	+61.7%	573,1 k €	+33.5%	429,3 k €	+4.7%	410,2 k €	-5.7%	435,1 k €	-13.7%	504,3 k €	+9.9%	458,9 k €	+12.4%	408,4 k €	+48.4%	275,2 k €	+22.8%	224,2 k €	+54.0%	145,6 k €	+16.9%	124,5 k €	-26.7%	169,9 k €	+106%	82,3 k €
Debts	1,7 M €	-2.3%	1,8 M €	+65.5%	1,1 M €	+10.4%	959,5 k €	+61.4%	594,4 k €	-2.7%	610,8 k €	-43.2%	1,1 M €	+58.6%	677,4 k €	+8.7%	623,4 k €	+1.2%	615,8 k €	+18.0%	521,7 k €	-10.2%	580,9 k €	+0.6%	577,6 k €	+55.3%	372 k €	+2.3%	363,7 k €	-47.7%	695,9 k €	+139%	291,4 k €	-6.4%	311,3 k €	+10.5%	281,6 k €	+43.3%	196,5 k €
Other
Workforce	5,3 ETP	+1.9%	5,2 ETP	+18.2%	4,4 ETP	+18.9%	3,7 ETP	-2.6%	3,8 ETP	-7.3%	4,1 ETP	-12.8%	4,7 ETP	+14.6%	4,1 ETP	+7.9%	3,8 ETP	+2.7%	3,7 ETP	+2.8%	3,6 ETP	+20.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+57.9%	1,9 ETP	-9.5%	2,1 ETP	-4.5%	2,2 ETP	-4.3%	2,3 ETP	+4.5%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

GRETA TIMMERMANS

Director · since 20 juin 2024

Active

RUDY VERBURGH

Director · since 20 juin 2024

Active

Ended mandates

Greta Timmermans

Director

Ended

GRETA TIMMERMANS

Manager

Ended

Rudy Verburgh

Director

Ended

RUDY VERBURGH

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Özay Group Belgium● Active	0730.716.341
Vereniging van Mede-eigenaars Residentie te Oostende, Vindictivelaan 6● Active	0885.271.191
Vereniging van Mede-eigenaars Res Vindictive te Oostende, Vindictivelaan 6● Active	0503.803.251

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	23/07/2026	05/06/2025	02/07/2024	04/07/2023	14/07/2022	12/07/2021
General meeting	27/06/2026	05/06/2025	26/06/2024	28/06/2023	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	27/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	05/06/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	08/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/08/2010	05/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 ended

Active mandates

GRETA TIMMERMANS

Director · since 20 juin 2024

Active

RUDY VERBURGH

Director · since 20 juin 2024

Active

Ended mandates

Greta Timmermans

Director

Ended

GRETA TIMMERMANS

Manager

Ended

Rudy Verburgh

Director

Ended

RUDY VERBURGH

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares04/10/2018
DIVERSEN - KAPITAAL - AANDELEN
PDF
Capital / shares28/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/10/2002
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 2025411,8 k €↓
2024
Annual accounts 2024426,7 k €↑
2023
Annual accounts 2023274,5 k €↑
2022
Annual accounts 2022126,8 k €↑
2021
Annual accounts 20218,4 k €↑
2020
Annual accounts 2020-15,2 k €↓
2019
Annual accounts 201954,7 k €↓
2018
Annual accounts 201882,3 k €↑
2017
Annual accounts 201733,6 k €↓
2016
Annual accounts 201654,8 k €↑
2015
Annual accounts 201540,8 k €↑
2014
Annual accounts 201436,8 k €↓
2013
Annual accounts 201341,2 k €↑
2012
Annual accounts 201215,8 k €↓
2011
Annual accounts 201145,4 k €↑
2010
Annual accounts 20106,4 k €↑
2009
Annual accounts 2009-28 k €↓
2008
Annual accounts 20089,5 k €↓
2007
Annual accounts 200733,2 k €↑
2006
Annual accounts 200618 k €
25/09/1985
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

THALASSA

Overview

What does THALASSA 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