NORMAL SITUATION

THE FILE

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Financial year 2025 · closed on 30/09/2025

Net result

827 k €

+87.1% YoY

Gross margin

-33,9 k €

-310.4% YoY

Equity

2,7 M €

+29.8% YoY

Workforce

0,0 ETP

Company — Normal situation.

What does THE FILE do?

THE FILE is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.432.987

Legal form

Private limited company

Contributed capital

31 250,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-33,9 k €	-310%	-8,3 k €	-150%	16,6 k €	-45.8%	30,6 k €	-13.0%	35,1 k €	-6.3%	37,5 k €	-3.0%	38,7 k €	-5.8%	41,1 k €	+4.3%	39,4 k €	-18.6%	48,4 k €	+14.9%	42,1 k €	+11.2%	37,9 k €	-45.0%	68,8 k €	-1.5%	69,9 k €	-7.6%	75,6 k €	-26.6%	103,1 k €	+26.4%	81,6 k €	-7.5%	88,2 k €	-5.7%	93,6 k €
EBITDA	-38,3 k €	-229%	-11,6 k €	-185%	13,6 k €	-48.9%	26,6 k €	-13.0%	30,6 k €	-5.9%	32,5 k €	-11.0%	36,5 k €	-4.8%	38,3 k €	+274%	10,2 k €	-77.2%	45 k €	+12.0%	40,2 k €	+13.6%	35,3 k €	-45.9%	65,3 k €	-4.1%	68,1 k €	-7.6%	73,7 k €	-27.6%	101,9 k €	+26.7%	80,4 k €	-7.1%	86,6 k €	-5.7%	91,8 k €
Operating result	-38,3 k €	-5.6%	-36,2 k €	-229%	-11 k €	-475%	2,9 k €	-57.5%	6,9 k €	+54.9%	4,5 k €	-76.6%	19 k €	-16.5%	22,8 k €	+531%	-5,3 k €	-118%	29,5 k €	+10.9%	26,5 k €	+22.2%	21,7 k €	-57.9%	51,7 k €	-5.5%	54,7 k €	-9.0%	60,1 k €	-34.3%	91,4 k €	+31.3%	69,6 k €	-7.8%	75,5 k €	-6.9%	81,1 k €
Net result	827 k €	+87.1%	441,9 k €	+5943%	7,3 k €	+240%	-5,2 k €	-151%	10,2 k €	-71.9%	36,4 k €	+25.9%	28,9 k €	-46.7%	54,2 k €	+98.2%	27,4 k €	-57.8%	64,9 k €	-51.5%	133,7 k €	+34.4%	99,5 k €	-32.3%	146,9 k €	+30.7%	112,4 k €	-30.0%	160,6 k €	-17.1%	193,7 k €	+1.7%	190,4 k €	+23.4%	154,3 k €	-53.0%	328,2 k €
Balance sheet
Equity	2,7 M €	+29.8%	2,1 M €	+16.1%	1,8 M €	-18.9%	2,2 M €	-15.3%	2,6 M €	-0.6%	2,6 M €	+0.7%	2,6 M €	-0.5%	2,6 M €	-0.9%	2,7 M €	-1.5%	2,7 M €	+0.4%	2,7 M €	+1.3%	2,7 M €	+3.9%	2,6 M €	+6.1%	2,4 M €	-1.5%	2,5 M €	+7.0%	2,3 M €	+3.8%	2,2 M €	-2.4%	2,3 M €	+7.3%	2,1 M €
Total assets	3,1 M €	+32.1%	2,4 M €	-6.7%	2,5 M €	-3.7%	2,6 M €	-0.5%	2,6 M €	-0.9%	2,7 M €	+0.5%	2,7 M €	-0.7%	2,7 M €	-0.5%	2,7 M €	-4.3%	2,8 M €	+0.1%	2,8 M €	+3.9%	2,7 M €	+1.0%	2,7 M €	+3.2%	2,6 M €	+2.1%	2,5 M €	+1.8%	2,5 M €	-2.4%	2,6 M €	+11.7%	2,3 M €	+7.2%	2,1 M €
Cash	483,5 k €	+61.7%	299,1 k €	-29.9%	426,4 k €	+275%	113,8 k €	+15.9%	98,2 k €	-38.1%	158,6 k €	+208%	51,5 k €	-50.3%	103,7 k €	+26.8%	81,8 k €	+705%	10,2 k €	-14.8%	11,9 k €	-61.0%	30,6 k €	-31.9%	45 k €	+545%	7 k €	+2490%	269 €	-99.7%	91,5 k €	-56.9%	212,4 k €	+92.5%	110,3 k €	-47.6%	210,4 k €
Debts	386,1 k €	+50.3%	256,9 k €	-64.3%	720,5 k €	+78.5%	403,7 k €	+2462%	15,8 k €	-39.2%	25,9 k €	-19.8%	32,3 k €	-11.8%	36,6 k €	+37.2%	26,7 k €	-75.1%	107 k €	-6.9%	114,9 k €	+166%	43,3 k €	-63.1%	117,2 k €	-34.7%	179,6 k €	+104%	88,1 k €	-56.7%	203,4 k €	-41.7%	349,1 k €	+1231%	26,2 k €	-0.8%	26,4 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Filiep Theys

Director

Active

Ended mandates

Elza BOERJAN

Managing director

Ended

Etienne THEYS

Managing director

Ended

Filiep Theys

Mandate

Ended

Filiep Theys

Manager

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/11/2025	28/02/2025	25/03/2024	22/02/2023	16/03/2022	24/02/2021
General meeting	07/11/2025	01/02/2025	03/02/2024	04/02/2023	05/02/2022	06/02/2021
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

34 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	07/11/2025	19/11/2025	Dutch	PDF
Abridged model	30/09/2024	01/02/2025	28/02/2025	Dutch	PDF
Abridged model	30/09/2023	03/02/2024	25/03/2024	Dutch	PDF
Abridged model	30/09/2022	04/02/2023	22/02/2023	Dutch	PDF
Abridged model	30/09/2021	05/02/2022	16/03/2022	Dutch	PDF
Abridged model	30/09/2020	06/02/2021	24/02/2021	Dutch	PDF
Abridged model	30/09/2019	01/02/2020	25/02/2020	Dutch	PDF
Abridged model	30/09/2018	02/02/2019	22/03/2019	Dutch	PDF
Abridged model	30/09/2017	03/02/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	06/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/09/2015	06/02/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/02/2015	26/02/2015	Dutch	PDF
Abridged model	30/09/2013	01/02/2014	19/02/2014	Dutch	PDF
Abridged model	30/09/2012	02/02/2013	28/03/2013	Dutch	PDF
Abridged model	30/09/2011	04/02/2012	29/02/2012	Dutch	PDF
Abridged model	30/09/2010	05/02/2011	24/02/2011	Dutch	PDF
Abridged model	30/09/2009	06/02/2010	11/03/2010	Dutch	PDF
Abridged model	30/09/2008	07/02/2009	19/02/2009	Dutch	PDF
Abridged model	30/09/2007	02/02/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	03/02/2007	22/03/2007	Dutch	PDF
Abridged model	30/09/2005	04/02/2006	21/02/2006	Dutch	PDF
Abridged model	30/09/2004	05/02/2005	02/03/2005	Dutch	PDF
Abridged model	30/09/2003	07/02/2004	25/02/2004	Dutch	PDF
Abridged model	30/09/2002	01/02/2003	17/02/2003	Dutch	PDF

View all 34 filings

Estimate

Indicative valuation

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 30/09/2025 · 1 active · 4 ended

Active mandates

Filiep Theys

Director

Active

Ended mandates

Elza BOERJAN

Managing director

Ended

Etienne THEYS

Managing director

Ended

Filiep Theys

Mandate

Ended

Filiep Theys

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/01/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Other24/06/2024
DIVERSEN, WIJZIGING RECHTSVORM
PDF
Mandates16/04/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates09/04/2008
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 2025827 k €↑
2024
Annual accounts 2024441,9 k €↑
2023
Annual accounts 20237,3 k €↑
2022
Annual accounts 2022-5,2 k €↓
2021
Annual accounts 202110,2 k €↓
2020
Annual accounts 202036,4 k €↑
2019
Annual accounts 201928,9 k €↓
2018
Annual accounts 201854,2 k €↑
2017
Annual accounts 201727,4 k €↓
2016
Annual accounts 201664,9 k €↓
2015
Annual accounts 2015133,7 k €↑
2014
Annual accounts 201499,5 k €↓
2013
Annual accounts 2013146,9 k €↑
2012
Annual accounts 2012112,4 k €↓
2011
Annual accounts 2011160,6 k €↓
2010
Annual accounts 2010193,7 k €↑
2009
Annual accounts 2009190,4 k €↑
2008
Annual accounts 2008154,3 k €↓
2007
Annual accounts 2007328,2 k €

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

THE FILE

Overview

What does THE FILE do?

Trend over 19 financial years

Board of directors

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