ACTIVE

THEO

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Financial year 2025 · Closed on 31/12/2025

Net result2,3 M €-3,1 %over 1 year

Revenue20,8 M €+4,2 %over 1 year

Equity17,9 M €-3,5 %over 1 year

Workforce15,3 ETP-6,1 %over 1 year

Identity

Source · BCE/KBO

THEO is a Private limited company incorporated in 1987. Its main activity is: Manufacture of medical and dental instruments and supplies. Its registered office is in Antwerpen. It employs on average 15,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0430.933.089
Incorporation: 10/04/1987
Legal form: Private limited company
Registered office: Arsenaalstraat 3
2000 Antwerpen · FlandreSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025
Average workforce: 15,3 ETP

Activities (NACE)

32500Manufacture of medical and dental instruments and supplies· main 32500Manufacture of medical and dental instruments and supplies 46432Wholesale of electrical household appliances 46433Wholesale of electrical household appliances 51473Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	20,8 M €	+4.2%	20 M €	-4.3%	20,9 M €	+7.1%	19,5 M €	+18.6%	16,4 M €
EBITDA	3,7 M €	+7.8%	3,5 M €	-18.5%	4,3 M €	+25.5%	3,4 M €	-24.0%	4,5 M €
Operating result	3,5 M €	+5.9%	3,3 M €	-19.5%	4,1 M €	+26.6%	3,3 M €	-24.8%	4,3 M €
Net result	2,3 M €	-3.1%	2,4 M €	-13.0%	2,8 M €	+22.4%	2,3 M €	-27.2%	3,1 M €
Balance sheet
Equity	17,9 M €	-3.5%	18,6 M €	-19.6%	23,1 M €	+13.7%	20,3 M €	+12.5%	18,1 M €
Total assets	19,5 M €	-7.4%	21 M €	-20.6%	26,5 M €	+8.8%	24,4 M €	+16.6%	20,9 M €
Cash	8,3 M €	-34.8%	12,8 M €	+64.1%	7,8 M €	-47.2%	14,7 M €	-1.5%	15 M €
Debts	1,3 M €	-47.2%	2,4 M €	-21.7%	3,1 M €	-16.7%	3,7 M €	+38.8%	2,7 M €
Other
Workforce	15,3 ETP	-6.1%	16,3 ETP	-8.4%	17,8 ETP	+7.9%	16,5 ETP	+8.6%	15,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FORT.0775.349.506Represented by Dries Smets	Bestuurdersince 01/12/2021Director01/12/2021 → 2022 accountsended
MiJaTo1010.697.636Represented by Mik Somers	Bestuurdersince 25/06/2024
SO-PA0775.349.605Represented by Jan Somers	Bestuurdersince 25/06/2024
TOSO0775.349.704Represented by Toon Somers	Bestuurdersince 01/12/2021Director01/12/2021 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MI.SO0775.349.407Represented by Mik Somers	Director01/12/2021 → 2022 accountsBestuurder01/12/2021 → 2023 accounts
Dries Smet	Manager01/07/2017 → 2019 accounts
Dries Smets	Director01/07/2017 → 2020 accounts

Other companies at this address

Arsenaalstraat 3 2000 Antwerpen

Company	CBE no.
MiJaTo● Active	1010.697.636
SOMERS-CARDOEN● Active	0451.704.056

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	28/08/2026	28/08/2025	26/07/2024	30/07/2023	31/07/2022	31/08/2021
General meeting	25/08/2026	21/08/2025	25/07/2024	30/06/2023	22/06/2022	26/08/2021
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	25/08/2026	28/08/2026	Dutch	PDF
Full model	31/12/2024	21/08/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	25/07/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	30/07/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	31/07/2022	Dutch	PDF
Full model	31/12/2020	26/08/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	28/08/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	28/08/2019	29/08/2019	Dutch	PDF
Full model	31/12/2017	21/08/2018	01/09/2018	Dutch	PDF
Full model	31/12/2016	25/07/2017	28/08/2017	Dutch	PDF
Full model	31/12/2015	05/08/2016	23/08/2016	Dutch	PDF
Full model	31/12/2014	30/07/2015	29/08/2015	Dutch	PDF
Full model	31/12/2013	26/07/2014	14/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	25/07/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	10/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	25/06/2008	29/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	17/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

4 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FORT.0775.349.506Represented by Dries Smets	Bestuurdersince 01/12/2021Director01/12/2021 → 2022 accountsended
MiJaTo1010.697.636Represented by Mik Somers	Bestuurdersince 25/06/2024
SO-PA0775.349.605Represented by Jan Somers	Bestuurdersince 25/06/2024
TOSO0775.349.704Represented by Toon Somers	Bestuurdersince 01/12/2021Director01/12/2021 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MI.SO0775.349.407Represented by Mik Somers	Director01/12/2021 → 2022 accountsBestuurder01/12/2021 → 2023 accounts
Dries Smet	Manager01/07/2017 → 2019 accounts
Dries Smets	Director01/07/2017 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
PDF
Mandates12/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates16/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2014
ONTSLAGEN - BENOEMINGEN
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

Filings20 filings

Mandates

SO-PA

MiJaTo

TOSO

FORT.

MI.SO

Dries Smets

Toon Somers

Mik Somers

Dries Smet

Jan Somers

Willem Somers

1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

THEO

Arsenaalstraat 3, 2000 Antwerp

Bestuurder

Director

DirectorManager

Manager

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Arsenaalstraat 3, 2000 AntwerpCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00442008

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THEOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00442008

Events

2025
Annual accounts 20252,3 M €↓
2024
Annual accounts 20242,4 M €↓
2023
Annual accounts 20232,8 M €↑
2022
Annual accounts 20222,3 M €↓
2021
Annual accounts 20213,1 M €↑
2020
Annual accounts 2020783 k €↓
2019
Annual accounts 20192,1 M €↑
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 20171,4 M €↓
2016
Annual accounts 20161,4 M €↑
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 20131,1 M €↓
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 20101 M €↑
2009
Annual accounts 2009141,4 k €↓
2008
Annual accounts 2008512,8 k €↓
2007
Annual accounts 2007862,7 k €↑
2006
Annual accounts 2006793,9 k €
10/04/1987
IncorporationPrivate limited company

THEO

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