ACTIVE

THERCON

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Financial year 2024 · closed on 31/12/2024

Net result

267,6 k €

+213.7% YoY

Revenue

23,3 M €

-16.2% YoY

Equity

7,2 M €

-27.4% YoY

Workforce

49,6 ETP

+2.7% YoY

What does THERCON do?

THERCON is a Public limited company incorporated in 1992. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Aartselaar. It employs on average 49,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.595.405

Incorporation

30/10/1992

Legal form

Public limited company

Registered office

Langlaarsteenweg 166
2630 Aartselaar · FlandreSee on map

Contributed capital

680 612,61 €

Latest accounts

31/12/2024

Average workforce

49,6 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

Joint committees (5)

149
14904
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2019		2018		2017		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	23,3 M €	-16.2%	27,8 M €	+10.0%	25,3 M €	-1.0%	25,5 M €	+36.8%	18,7 M €	+14.1%	16,4 M €	+15.8%	14,1 M €	+30.6%	10,8 M €	+14.7%	9,4 M €	-2.3%	9,7 M €	-8.3%	10,5 M €	+13.8%	9,3 M €	+26.5%	7,3 M €	-17.2%	8,8 M €	+44.3%	6,1 M €
EBITDA	530,6 k €	+2767%	18,5 k €	-99.5%	3,5 M €	+70.7%	2 M €	+24.0%	1,6 M €	+15.9%	1,4 M €	+120%	646,1 k €	-9.1%	711,1 k €	+13.5%	626,4 k €	+32.2%	473,8 k €	-41.0%	803,6 k €	+0.4%	800,8 k €	+80.3%	444,1 k €	-31.4%	647,7 k €	+26.8%	510,8 k €
Operating result	422,6 k €	+308%	-203,3 k €	-107%	3,1 M €	+95.8%	1,6 M €	+23.4%	1,3 M €	+4.4%	1,2 M €	+226%	375,3 k €	+44.8%	259,2 k €	+2.4%	253,1 k €	+470%	44,4 k €	-90.1%	448,2 k €	-18.3%	548,6 k €	+122%	246,8 k €	-57.1%	575,5 k €	+30.6%	440,5 k €
Net result	267,6 k €	+214%	-235,4 k €	-111%	2,2 M €	+124%	976,3 k €	+18.9%	821,1 k €	+8.2%	759 k €	+441%	140,4 k €	+129%	61,2 k €	-12.3%	69,8 k €	+147%	-148 k €	-187%	169,6 k €	-36.5%	267,3 k €	+297%	67,3 k €	-76.9%	291,7 k €	+93.0%	151,1 k €
Balance sheet
Equity	7,2 M €	-27.4%	10 M €	-11.0%	11,2 M €	+112%	5,3 M €	+63.6%	3,2 M €	+34.0%	2,4 M €	+45.9%	1,7 M €	+25.6%	1,3 M €	+0.5%	1,3 M €	+5.6%	1,2 M €	-10.3%	1,4 M €	+2.3%	1,4 M €	+108%	648,7 k €	+10.3%	588,4 k €	-20.1%	736,7 k €
Total assets	12,8 M €	-11.7%	14,4 M €	-3.1%	14,9 M €	-3.9%	15,5 M €	+97.6%	7,8 M €	+40.0%	5,6 M €	+15.6%	4,9 M €	+5.4%	4,6 M €	-4.1%	4,8 M €	-5.6%	5,1 M €	-23.7%	6,7 M €	+29.8%	5,1 M €	+43.6%	3,6 M €	-14.9%	4,2 M €	+56.3%	2,7 M €
Cash	712,2 €		0 €	-100%	1,8 M €	+43.7%	1,2 M €	+449%	223,8 k €	+155%	87,8 k €	+26.5%	69,4 k €	-45.2%	126,7 k €	+129%	55,4 k €	+23.9%	44,7 k €	+22.6%	36,5 k €	-62.6%	97,6 k €	+91.3%	51 k €	+30.6%	39 k €	-3.8%	40,6 k €
Debts	5,1 M €	+27.4%	4 M €	+23.5%	3,2 M €	-66.6%	9,7 M €	+127%	4,3 M €	+42.4%	3 M €	-2.3%	3,1 M €	-4.5%	3,2 M €	-6.7%	3,4 M €	-9.1%	3,8 M €	-27.7%	5,2 M €	+40.0%	3,7 M €	+29.7%	2,9 M €	-19.3%	3,6 M €	+86.0%	1,9 M €
Other
Workforce	49,6 ETP	+2.7%	48,3 ETP	-1.0%	48,8 ETP	+10.4%	44,2 ETP	+40.3%	31,5 ETP	+6.4%	29,6 ETP	+10.0%	26,9 ETP	+36.5%	19,7 ETP	+3.1%	19,1 ETP	+1.1%	18,9 ETP	+17.4%	16,1 ETP	+5.9%	15,2 ETP	-10.1%	16,9 ETP	+14.2%	14,8 ETP	+10.4%	13,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 22 ended

Active mandates

Ricardo Joarisiti Rosberg

Director · since 27 mai 2025 · until 27 mai 2031

Active

Benny Frans

Managing director · since 01 septembre 2022 · until 30 mai 2028

Active

Nicolas Bruneau

Director · since 01 septembre 2022 · until 27 mai 2025

Active

Ended mandates

Kristof Spriet

Managing director · since 01 septembre 2022 · until 30 mai 2028

Ended

Nicolas Bruneau

Director · since 01 septembre 2022 · until 30 mai 2028

Ended

EWA NOVA

Managing director · since 07 juillet 2021 · until 06 juillet 2027 · 0459.350.428

Represented by Nicolas BRUNEAU

Ended

Michel Donck

Managing director · since 07 juillet 2021 · until 01 septembre 2022

Ended

At this address

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CLEANING SUPPORT● Active	0837.060.510
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2025	20/02/2025	19/07/2023	26/07/2022	20/07/2021	22/07/2020
General meeting	27/05/2025	31/07/2024	30/05/2023	29/06/2022	07/07/2021	26/05/2020
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	27/05/2025	05/06/2025	Dutch	PDF
Full modelCorrection	31/12/2023	31/07/2024	20/02/2025	Dutch	PDF
Full model	31/12/2023	31/07/2024	11/09/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	26/07/2022	Dutch	PDF
Full model	31/12/2020	07/07/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	28/05/2019	19/07/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	20/06/2018	Dutch	PDF
Full model	31/12/2016	30/05/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	27/05/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 3 active · 22 ended

Active mandates

Ricardo Joarisiti Rosberg

Director · since 27 mai 2025 · until 27 mai 2031

Active

Benny Frans

Managing director · since 01 septembre 2022 · until 30 mai 2028

Active

Nicolas Bruneau

Director · since 01 septembre 2022 · until 27 mai 2025

Active

Ended mandates

Kristof Spriet

Managing director · since 01 septembre 2022 · until 30 mai 2028

Ended

Nicolas Bruneau

Director · since 01 septembre 2022 · until 30 mai 2028

Ended

EWA NOVA

Managing director · since 07 juillet 2021 · until 06 juillet 2027 · 0459.350.428

Represented by Nicolas BRUNEAU

Ended

Michel Donck

Managing director · since 07 juillet 2021 · until 01 septembre 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/08/2025
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/05/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/07/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2024
Annual accounts 2024267,6 k €↑
2023
Annual accounts 2023-235,4 k €↓
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 2021976,3 k €↑
2019
Annual accounts 2019821,1 k €↑
2018
Annual accounts 2018759 k €↑
2017
Annual accounts 2017140,4 k €↑
2014
Annual accounts 201461,2 k €↓
2013
Annual accounts 201369,8 k €↑
2012
Annual accounts 2012-148 k €↓
2011
Annual accounts 2011169,6 k €↓
2010
Annual accounts 2010267,3 k €↑
2009
Annual accounts 200967,3 k €↓
2009
Name changeThercon
2007
Annual accounts 2007291,7 k €↑
2006
Annual accounts 2006151,1 k €
2006
Name changeORCON
30/10/1992
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

THERCON

Overview

What does THERCON do?

Trend over 15 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