ACTIVE

THERABEL IMMO

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Financial year 2025 · Closed on 31/12/2025

Net result-881,8 k €-36,2 %over 1 year

Revenue396,3 k €-12,8 %over 1 year

Equity15,6 M €-5,4 %over 1 year

Workforce3,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

THERABEL IMMO is a Public limited company incorporated in 1986. Its main activity is: Aluminium production. Its registered office is in Forest. It employs on average 3,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.944.292
Incorporation: 30/05/1986
Legal form: Public limited company
Registered office: Boulevard de l'Humanité 292
1190 Forest · BruxellesSee on map
Contributed capital: 18 542 451,03 €
Latest accounts: 31/12/2025
Average workforce: 3,0 ETP

Activities (NACE)

24421Aluminium production· main 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods 51460Air transport 68100Buying and selling of own real estate 68110Buying and selling of own real estate+7

Joint committees (3)

Signals

Solid equityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	396,3 k €	-12.8%	454,5 k €	+28.0%	355 k €	-10.0%	394,5 k €	-64.8%	1,1 M €
EBITDA	-250,7 k €	-2173%	-11 k €	+95.5%	-243,5 k €	-88.0%	-129,5 k €	-123%	568,2 k €
Operating result	-834,2 k €	-41.0%	-591,6 k €	+24.8%	-786,4 k €	-36.4%	-576,6 k €	-396%	194,6 k €
Net result	-881,8 k €	-36.2%	-647,4 k €	+20.4%	-813,2 k €	-39.6%	-582,6 k €	-437%	172,7 k €
Balance sheet
Equity	15,6 M €	-5.4%	16,5 M €	-3.8%	17,1 M €	-4.5%	17,9 M €	-3.1%	18,5 M €
Total assets	18,4 M €	+1.9%	18,1 M €	-3.0%	18,6 M €	+3.3%	18 M €	-5.0%	19 M €
Cash	73 k €	+23.9%	58,9 k €	-43.2%	103,7 k €	-56.6%	239,1 k €	-54.0%	519,9 k €
Debts	2,7 M €	+72.3%	1,6 M €	+10.8%	1,4 M €	+2174%	62,2 k €	-77.7%	279,1 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-9.1%	3,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BAWIP Consultants0633.845.609Represented by Philippe Burtonboy	Director26/05/2017 → 28/05/2027
HEALTHCARE EXPERT CONSULTING0828.040.005Represented by Laurent KIRSCH	Managing director01/04/2020 → 28/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Michel ROBERT	Managing director26/05/2017 → 2019 accounts
Thierry BECKO	Director28/05/2010 → 2010 accounts

Other companies at this address

Boulevard de l'Humanité 292 1190 Forest

Company	CBE no.
ALERT MANAGEMENT CONSULTANTS● Active	0447.990.837
ATAG Heating Belgium● Active	0414.905.028
BIOCODEX Benelux● Active	0401.936.623
CARLOS INTERNATIONAL● Liquidation	0440.925.475
DE BOECK Family● Active	0755.885.168
EQP● Active	0734.994.041
FDB Management● Active	0746.555.154
Networks Gym (Forest)● Active	1009.229.273
S.A Therabel-Pharma N.V.● Active	0420.515.586
SITECORE BELGIUM● Active	0475.314.549
Spentys● Active	0681.502.303
TESA● Active	0480.051.812
THERABEL INTERNATIONAL SERVICES● Active	0836.259.962
TIJDELIJKE MAATSCHAP ACH - FLORÉ● Active	0790.601.072
TM ACH Bouw-Floré Techniekhuis● Active	1001.335.057
TM A C H CONSTRUCT - Floré - Model 8● Active	1019.537.997
TM BREDENEZ● Active	0801.421.621
TM Krakeel 2-3● Active	0799.230.609
VEEPEE NORTHERN EUROPE● Active	0885.188.247
YUVI● Active	0692.926.329

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	10/06/2026	06/06/2025	22/07/2024	15/06/2023	07/06/2022	09/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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 · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	10/06/2026	French	PDF
Full model	31/12/2024	30/05/2025	06/06/2025	French	PDF
Full model	31/12/2023	31/05/2024	22/07/2024	French	PDF
Full model	31/12/2022	26/05/2023	15/06/2023	French	PDF
Full model	31/12/2021	27/05/2022	07/06/2022	French	PDF
Full model	31/12/2020	28/05/2021	09/06/2021	French	PDF
Full model	31/12/2019	08/06/2020	15/06/2020	French	PDF
Full model	31/12/2018	31/05/2019	17/06/2019	French	PDF
Full model	31/12/2017	25/05/2018	27/06/2018	French	PDF
Full model	31/12/2016	26/05/2017	26/06/2017	French	PDF
Full model	31/12/2015	27/05/2016	20/06/2016	French	PDF
Full model	31/12/2014	29/05/2015	30/06/2015	French	PDF
Full model	31/12/2013	28/04/2014	27/05/2014	French	PDF
Full model	31/12/2012	31/05/2013	15/07/2013	French	PDF
Full model	31/12/2011	25/05/2012	19/06/2012	French	PDF
Full model	31/12/2010	27/05/2011	20/06/2011	French	PDF
Full model	31/12/2009	28/05/2010	01/06/2010	French	PDF
Full model	31/12/2008	29/05/2009	22/06/2009	French	PDF
Full model	31/12/2007	30/05/2008	19/06/2008	French	PDF
Full model	31/12/2006	25/05/2007	11/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BAWIP Consultants0633.845.609Represented by Philippe Burtonboy	Director26/05/2017 → 28/05/2027
HEALTHCARE EXPERT CONSULTING0828.040.005Represented by Laurent KIRSCH	Managing director01/04/2020 → 28/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Michel ROBERT	Managing director26/05/2017 → 2019 accounts
Thierry BECKO	Director28/05/2010 → 2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office11/04/2022
SIEGE SOCIAL
PDF
Mandates21/06/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/03/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

BAWIP Consultants

HEALTHCARE EXPERT CONSULTING

Jean-Michel ROBERT

Thierry BECKO

Jean Michel ROBERT

Reinier KILLIAN

198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

THERABEL IMMO

Boulevard de l'Humanité 292, 1190 Forest

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard de l'Humanité 292, 1190 ForestCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00148936
rue egide van Ophem 108, 1180 Uccle	accounts 2021	Accounts 2021 · 2022-20048997

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THERABEL IMMOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00148936

Events

2025
Annual accounts 2025-881,8 k €↓
2024
Annual accounts 2024-647,4 k €↑
2023
Annual accounts 2023-813,2 k €↓
2022
Annual accounts 2022-582,6 k €↓
2021
Annual accounts 2021172,7 k €↑
2020
Annual accounts 2020-798,7 k €↑
2019
Annual accounts 2019-952,3 k €↓
2018
Annual accounts 2018-842,8 k €↓
2017
Annual accounts 2017-629,7 k €↓
2010
Annual accounts 2010443 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 20081 M €↓
2007
Annual accounts 20071,9 M €
30/05/1986
IncorporationPublic limited company

THERABEL IMMO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events