ACTIVE

THEMA

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Financial year 2025 · closed on 31/12/2025

Net result

275,5 k €

-45.8% YoY

Revenue

9,6 M €

-13.8% YoY

Equity

2,8 M €

-8.4% YoY

Workforce

18,0 ETP

+2.3% YoY

What does THEMA do?

THEMA is a Public limited company incorporated in 1991. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Awans. It employs on average 18,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.862.676

Incorporation

02/12/1991

Legal form

Public limited company

Registered office

Rue de la Chaudronnerie 2
4340 Awans · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

18,0 ETP

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment 46742Wholesale of hardware, plumbing and heating equipment and supplies 46842Wholesale trade, except of motor vehicles and motorcycles 51871Air transport 43223Plumbing, heat and air-conditioning installation

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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
Revenue	9,6 M €	-13.8%	11,2 M €	+9.6%	10,2 M €	-8.5%	11,1 M €	+9.3%	10,2 M €	+64.5%	6,2 M €	-13.9%	7,2 M €	+2.1%	7 M €	+15.5%	6,1 M €	-0.8%	6,1 M €	+1.7%	6 M €	+7.6%	5,6 M €	-11.1%	6,3 M €	-4.0%	6,6 M €	+21.8%	5,4 M €		–		–		–		–		–
EBITDA	575 k €	-39.0%	942,5 k €	+3.3%	912,1 k €	-16.6%	1,1 M €	-20.8%	1,4 M €	+231%	417,2 k €	-46.7%	782,7 k €	+21.2%	645,6 k €	+35.3%	477,3 k €	-17.1%	575,4 k €	+23.0%	467,8 k €	+24.9%	374,5 k €	-35.0%	576,1 k €	-8.7%	631,2 k €	+55.8%	405,3 k €	+35.0%	300,2 k €	-21.7%	383,3 k €	+6.0%	361,7 k €	+102%	179,2 k €	+292%	45,8 k €
Operating result	419,4 k €	-44.6%	756,8 k €	-3.4%	783,3 k €	-18.6%	962,5 k €	-14.3%	1,1 M €	+357%	245,5 k €	-54.6%	540,3 k €	+8.6%	497,5 k €	+60.5%	309,9 k €	-20.7%	391 k €	+26.8%	308,3 k €	+49.3%	206,5 k €	-46.6%	387,1 k €	-20.2%	485,3 k €	+61.4%	300,7 k €	+27.2%	236,4 k €	-12.5%	270,3 k €	+4.7%	258,2 k €	+88.8%	136,8 k €	+115%	63,7 k €
Net result	275,5 k €	-45.8%	508,1 k €	-7.6%	549,9 k €	-10.3%	612,8 k €	-22.5%	790,5 k €	+411%	154,6 k €	-54.4%	339 k €	+2.0%	332,5 k €	+86.7%	178,1 k €	-5.7%	188,8 k €	-10.9%	211,8 k €	+40.5%	150,7 k €	-43.6%	267 k €	-11.8%	302,7 k €	+92.0%	157,6 k €	+5.3%	149,7 k €	-4.7%	157,1 k €	-15.5%	185,8 k €	+135%	79,1 k €	+151%	31,5 k €
Balance sheet
Equity	2,8 M €	-8.4%	3 M €	-3.4%	3,2 M €	+5.1%	3 M €	+8.5%	2,8 M €	+21.2%	2,3 M €	-1.1%	2,3 M €	+16.2%	2 M €	+18.7%	1,7 M €	-16.4%	2 M €	+10.2%	1,8 M €	+9.4%	1,7 M €	+9.7%	1,5 M €	+17.6%	1,3 M €	+30.7%	985,8 k €	+19.0%	828,1 k €	+22.1%	678,4 k €	+30.1%	521,3 k €	+19.7%	435,6 k €	+19.5%	364,4 k €
Total assets	5,1 M €	-10.5%	5,7 M €	+4.8%	5,4 M €	+9.7%	5 M €	+8.8%	4,6 M €	+33.9%	3,4 M €	-2.4%	3,5 M €	-7.7%	3,8 M €	+12.8%	3,3 M €	+14.0%	2,9 M €	-1.7%	3 M €	-11.8%	3,4 M €	-8.3%	3,7 M €	+30.6%	2,8 M €	+5.9%	2,7 M €	+3.2%	2,6 M €	+22.1%	2,1 M €	+2.0%	2,1 M €	+48.3%	1,4 M €	+3.2%	1,4 M €
Cash	612 k €	-45.8%	1,1 M €	-23.8%	1,5 M €	+429%	280,1 k €	-34.5%	427,9 k €	+4.2%	410,5 k €	+455%	74 k €	-74.2%	287 k €	+265%	78,6 k €	-50.9%	160 k €	+48.7%	107,6 k €	+472%	18,8 k €	-96.8%	593,7 k €	+6014%	9,7 k €	-54.2%	21,2 k €	-94.1%	357,5 k €	+41.3%	253 k €	+1111%	20,9 k €	-67.4%	64,2 k €	+40.9%	45,6 k €
Debts	2,2 M €	-10.8%	2,4 M €	+14.9%	2,1 M €	+18.4%	1,8 M €	+16.0%	1,5 M €	+66.7%	919,9 k €	-14.2%	1,1 M €	-36.0%	1,7 M €	+5.4%	1,6 M €	+88.3%	844,2 k €	-22.6%	1,1 M €	-33.6%	1,6 M €	-22.2%	2,1 M €	+45.7%	1,4 M €	-10.8%	1,6 M €	-4.1%	1,7 M €	+21.7%	1,4 M €	-8.3%	1,5 M €	+63.1%	930,3 k €	-3.0%	959,5 k €
Other
Workforce	18,0 ETP	+2.3%	17,6 ETP	+4.1%	16,9 ETP	-1.2%	17,1 ETP	+5.6%	16,2 ETP	+11.0%	14,6 ETP	+1.4%	14,4 ETP	+9.9%	13,1 ETP	+9.2%	12,0 ETP	+5.3%	11,4 ETP	+5.6%	10,8 ETP	+4.9%	10,3 ETP	+1.0%	10,2 ETP	-2.9%	10,5 ETP	-4.5%	11,0 ETP	+10.0%	10,0 ETP	+29.9%	7,7 ETP	+11.6%	6,9 ETP	+13.1%	6,1 ETP	+32.6%	4,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 30 ended

Active mandates

Sébastien SCHNOECK

Director · since 09 janvier 2026 · until 09 janvier 2032

Active

COMETH

Director · since 09 janvier 2025 · until 09 janvier 2032 · 1016.374.314

Represented by Mathieu COLLETTE

Active

Julien COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Pierre COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Pierre-Olivier COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Ended mandates

COMETH

Director · since 09 janvier 2025 · until 09 janvier 2031 · 1016.374.314

Represented by Pierre-Olivier COLLETTE

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 15 juin 2021

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 15 juin 2027

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 28 juin 2029

Ended

At this address

Other companies at this address

Company	CBE no.
COMETH● Active	1016.374.314

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full 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	03/07/2026	24/07/2025	28/06/2024	16/06/2023	17/06/2022	20/08/2021
General meeting	30/06/2026	30/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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	03/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	24/07/2025	French	PDF
Full model	31/12/2023	15/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	15/06/2023	16/06/2023	French	PDF
Abridged model	31/12/2021	15/06/2022	17/06/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	20/08/2021	French	PDF
Abridged model	31/12/2019	15/06/2020	01/07/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	08/08/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	18/07/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 5 active · 30 ended

Active mandates

Sébastien SCHNOECK

Director · since 09 janvier 2026 · until 09 janvier 2032

Active

COMETH

Director · since 09 janvier 2025 · until 09 janvier 2032 · 1016.374.314

Represented by Mathieu COLLETTE

Active

Julien COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Pierre COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Pierre-Olivier COLLETTE

Director · since 01 janvier 2015 · until 09 janvier 2032

Active

Ended mandates

COMETH

Director · since 09 janvier 2025 · until 09 janvier 2031 · 1016.374.314

Represented by Pierre-Olivier COLLETTE

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 15 juin 2021

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 15 juin 2027

Ended

Julien COLLETTE

Director · since 01 janvier 2015 · until 28 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/01/2018
CAPITAL, ACTIONS
PDF
Mandates03/08/2015
DEMISSIONS, NOMINATIONS
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 2025275,5 k €↓
2024
Annual accounts 2024508,1 k €↓
2023
Annual accounts 2023549,9 k €↓
2022
Annual accounts 2022612,8 k €↓
2021
Annual accounts 2021790,5 k €↑
2020
Annual accounts 2020154,6 k €↓
2019
Annual accounts 2019339 k €↑
2018
Annual accounts 2018332,5 k €↑
2017
Annual accounts 2017178,1 k €↓
2016
Annual accounts 2016188,8 k €↓
2015
Annual accounts 2015211,8 k €↑
2014
Annual accounts 2014150,7 k €↓
2013
Annual accounts 2013267 k €↓
2012
Annual accounts 2012302,7 k €↑
2011
Annual accounts 2011157,6 k €↑
2010
Annual accounts 2010149,7 k €↓
2009
Annual accounts 2009157,1 k €↓
2008
Annual accounts 2008185,8 k €↑
2007
Annual accounts 200779,1 k €↑
2006
Annual accounts 200631,5 k €
02/12/1991
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

THEMA

Overview

What does THEMA 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