Thornhill Systems
0446.800.509 · rovalta.com · 24/09/2026
ACTIVE
Thornhill Systems
Financial year 2025 · closed on 30/06/2025
Net result
11,6 k €
+26.6% YoY
Gross margin
25 k €
+2.4% YoY
Equity
52,1 k €
+28.8% YoY
Overview
What does Thornhill Systems do?
Thornhill Systems is a Private limited company incorporated in 1992. Its main activity is: Computer consultancy activities. Its registered office is in Aarschot.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0446.800.509
Incorporation
11/03/1992
Legal form
Private limited company
Registered office
Langdorpsesteenweg 208a
3201 Aarschot · FlandreSee on map
3201 Aarschot · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
30/06/2025
Activities (NACE)
Joint committees (1)
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 25 k € | +2.4% | 24,4 k € | +166% | 9,2 k € | +22.2% | 7,5 k € | +199% | 2,5 k € | +248% | -1,7 k € | -122% | 7,8 k € | +380% | 1,6 k € | -61.7% | 4,2 k € | -2.1% | 4,3 k € | +45.2% | 3 k € | -98.3% | 179,1 k € | +2428% | -7,7 k € | +58.7% | -18,6 k € | +12.5% | -21,3 k € | -273% | 12,3 k € | -63.4% | 33,5 k € | -22.3% | 43,2 k € |
| EBITDA | 24 k € | +4.2% | 23 k € | +161% | 8,8 k € | +23.2% | 7,2 k € | +320% | 1,7 k € | +132% | -5,4 k € | -214% | 4,7 k € | +447% | -1,4 k € | -208% | 1,3 k € | -7.2% | 1,4 k € | +368% | 290,7 € | -99.8% | 176 k € | +1781% | -10,5 k € | +56.5% | -24,1 k € | +27.8% | -33,3 k € | -43.1% | -23,3 k € | -455% | -4,2 k € | -515% | 1 k € |
| Operating result | 14,7 k € | -1.0% | 14,8 k € | +1011% | 1,3 k € | +681% | -229,7 € | -113% | 1,7 k € | +132% | -5,4 k € | -219% | 4,5 k € | +389% | -1,6 k € | -256% | 1 k € | +0.7% | 1 k € | +1565% | -68,3 € | -100% | 163 k € | +792% | -23,6 k € | +37.3% | -37,6 k € | +19.4% | -46,7 k € | -14.4% | -40,8 k € | -793% | -4,6 k € | -840% | 617,7 € |
| Net result | 11,6 k € | +26.6% | 9,2 k € | +723% | 1,1 k € | +320% | -507 € | -132% | 1,6 k € | +860% | -211,4 € | -104% | 5 k € | +345% | -2 k € | -325% | 903,6 € | -52.7% | 1,9 k € | +139% | -4,9 k € | -103% | 163 k € | +769% | -24,3 k € | +29.7% | -34,6 k € | +26.2% | -46,9 k € | -14.5% | -40,9 k € | -733% | -4,9 k € | -1303% | 408,5 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 52,1 k € | +28.8% | 40,4 k € | +29.4% | 31,2 k € | +3.7% | 30,1 k € | -10.2% | 33,6 k € | +5.0% | 31,9 k € | -0.7% | 32,2 k € | +18.3% | 27,2 k € | -6.9% | 29,2 k € | +3.2% | 28,3 k € | -59.6% | 70,1 k € | -6.5% | 75 k € | +185% | -88 k € | -38.3% | -63,6 k € | -119% | -29 k € | -262% | 17,9 k € | -69.6% | 58,8 k € | -7.7% | 63,7 k € |
| Total assets | 86,6 k € | +5.2% | 82,3 k € | +23.5% | 66,6 k € | +2.8% | 64,8 k € | -6.8% | 69,5 k € | +25.2% | 55,5 k € | -40.7% | 93,6 k € | +6.5% | 87,9 k € | +50.4% | 58,5 k € | +1.3% | 57,7 k € | -31.3% | 84 k € | -60.4% | 212,4 k € | +868% | 21,9 k € | -67.5% | 67,5 k € | -36.9% | 107 k € | -50.9% | 217,9 k € | +0.2% | 217,5 k € | +24.5% | 174,6 k € |
| Cash | 77 k € | +36.3% | 56,5 k € | +17.2% | 48,2 k € | +274% | 12,9 k € | -69.7% | 42,5 k € | +1762% | 2,3 k € | -96.2% | 59,4 k € | +10.0% | 54 k € | +19.6% | 45,1 k € | +187% | 15,7 k € | +19.3% | 13,2 k € | +60.8% | 8,2 k € | +46.5% | 5,6 k € | +132% | 2,4 k € | +9.1% | 2,2 k € | -28.8% | 3,1 k € | -74.5% | 12,2 k € | +828% | 1,3 k € |
| Debts | 32,8 k € | -19.7% | 40,8 k € | +15.3% | 35,4 k € | +2.0% | 34,7 k € | -3.6% | 36 k € | +52.5% | 23,6 k € | -58.0% | 56,1 k € | +2.3% | 54,9 k € | +130% | 23,8 k € | -1.1% | 24,1 k € | +180% | 8,6 k € | -93.7% | 137,4 k € | +25.0% | 109,9 k € | -16.2% | 131,1 k € | -3.6% | 136 k € | -32.0% | 200 k € | +26.0% | 158,7 k € | +43.1% | 110,9 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,1 ETP | -66.7% | 0,3 ETP | -78.6% | 1,4 ETP | 0.0% | 1,4 ETP | -12.5% | 1,6 ETP | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 21 ended
Active mandates
Louca GOOSSENS
ActiveEnded mandates
Raf Goossens
EndedRaf Goossens
EndedRaf Goossens
EndedRaphaël GOOSSENS
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/02/2020 | 01/02/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 31/01/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 17 months | 12 months |
| Filing date | 10/12/2025 | 03/12/2024 | 12/01/2024 | 27/01/2023 | 13/12/2021 | 02/09/2020 |
| General meeting | 04/12/2025 | 22/11/2024 | 15/12/2023 | 25/11/2022 | 06/11/2021 | 31/07/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/06/2025 | 04/12/2025 | 10/12/2025 | Dutch | |
| Micro model | 30/06/2024 | 22/11/2024 | 03/12/2024 | Dutch | |
| Micro model | 30/06/2023 | 15/12/2023 | 12/01/2024 | Dutch | |
| Abridged model | 30/06/2022 | 25/11/2022 | 27/01/2023 | Dutch | |
| Abridged model | 30/06/2021 | 06/11/2021 | 13/12/2021 | Dutch | |
| Abridged model | 31/01/2020 | 31/07/2020 | 02/09/2020 | Dutch | |
| Micro model | 31/01/2019 | 06/04/2019 | 12/06/2019 | Dutch | |
| Micro model | 31/01/2018 | 07/04/2018 | 10/09/2018 | Dutch | |
| Micro model | 31/01/2017 | 01/04/2017 | 26/09/2017 | Dutch | |
| Abridged model | 31/01/2016 | 02/04/2016 | 23/09/2016 | Dutch | |
| Abridged model | 31/01/2015 | 04/04/2015 | 20/08/2015 | Dutch | |
| Abridged model | 31/01/2014 | 05/04/2014 | 19/08/2014 | Dutch | |
| Abridged model | 31/01/2013 | 31/07/2013 | 30/09/2013 | Dutch | |
| Abridged model | 31/01/2012 | 31/07/2012 | 23/08/2012 | Dutch | |
| Abridged model | 31/01/2011 | 31/07/2011 | 26/09/2011 | Dutch | |
| Abridged model | 31/01/2010 | 31/07/2010 | 29/09/2010 | Dutch | |
| Abridged model | 31/01/2009 | 31/07/2009 | 29/09/2009 | Dutch | |
| Abridged model | 31/01/2008 | 31/07/2008 | 30/09/2008 | Dutch | |
| Abridged model | 31/01/2007 | 28/07/2007 | 24/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 21 ended
Active mandates
Louca GOOSSENS
ActiveEnded mandates
Raf Goossens
EndedRaf Goossens
EndedRaf Goossens
EndedRaphaël GOOSSENS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202511,6 k €↑
- 2024Annual accounts 20249,2 k €↑
- 2023Annual accounts 20231,1 k €↑
- 2022Annual accounts 2022-507 €↓
- 2020Annual accounts 20201,6 k €↑
- 2019Annual accounts 2019-211,4 €↓
- 2018Annual accounts 20185 k €↑
- 2017Annual accounts 2017-2 k €↓
- 2016Annual accounts 2016903,6 €↓
- 2015Annual accounts 20151,9 k €↑
- 2014Annual accounts 2014-4,9 k €↓
- 2013Annual accounts 2013163 k €↑
- 2012Annual accounts 2012-24,3 k €↑
- 2011Annual accounts 2011-34,6 k €↑
- 2010Annual accounts 2010-46,9 k €↓
- 2009Annual accounts 2009-40,9 k €↓
- 2008Annual accounts 2008-4,9 k €↓
- 2007Annual accounts 2007408,5 €
- 11/03/1992IncorporationPrivate limited company