THICO
0451.118.492 · rovalta.com · 22/09/2026
ACTIVE
THICO
Financial year 2024 · closed on 31/12/2024
Net result
291,4 k €
+318.6% YoY
Gross margin
784,6 k €
+125.2% YoY
Equity
303 k €
+87.5% YoY
Workforce
10,3 ETP
+2.0% YoY
Overview
What does THICO do?
THICO is a Private limited company incorporated in 1993. Its registered office is in Bruxelles. It employs on average 10,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.118.492
Incorporation
13/10/1993
Legal form
Private limited company
Registered office
Rue Blaes 208
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Average workforce
10,3 ETP
Joint committees (1)
- 302
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 12 financial years
| 2024 | 2023 | 2022 | 2021 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||
| Gross margin | 784,6 k € | +125% | 348,3 k € | -29.1% | 491,3 k € | +36.3% | 360,4 k € | +4.7% | 344,2 k € | +27.6% | 269,8 k € | -13.7% | 312,6 k € | +48.5% | 210,5 k € | +12.4% | 187,2 k € | -21.3% | 238 k € | -33.1% | 356 k € | -0.3% | 357,1 k € |
| EBITDA | 287,9 k € | +452% | -81,7 k € | -204% | 78,8 k € | -52.6% | 166,1 k € | +249% | 47,6 k € | +91.8% | 24,8 k € | -62.8% | 66,7 k € | +264% | -40,7 k € | -38.4% | -29,4 k € | -325% | 13,1 k € | -72.5% | 47,6 k € | -23.2% | 61,9 k € |
| Operating result | 234,2 k € | +300% | -116,8 k € | -382% | 41,5 k € | -67.9% | 129,4 k € | +554% | 19,8 k € | +4823% | -419,1 € | -102% | 21,3 k € | +123% | -94,2 k € | -15.8% | -81,3 k € | -100% | -40,7 k € | -524% | -6,5 k € | -121% | 31 k € |
| Net result | 291,4 k € | +319% | -133,3 k € | -397% | 44,9 k € | -55.2% | 100,2 k € | +460% | 17,9 k € | +2470% | 697,1 € | -96.2% | 18,4 k € | +118% | -99,6 k € | -74.9% | -56,9 k € | -400% | -11,4 k € | -7522% | -149,5 € | -101% | 19,7 k € |
| Balance sheet | |||||||||||||||||||||||
| Equity | 303 k € | +87.5% | 161,6 k € | -45.2% | 294,9 k € | +18.0% | 250 k € | +266% | 68,3 k € | +35.6% | 50,3 k € | +1.4% | 49,6 k € | +58.8% | 31,3 k € | -76.1% | 130,8 k € | -30.3% | 187,7 k € | -5.7% | 199,1 k € | -0.1% | 199,3 k € |
| Total assets | 1,1 M € | +83.8% | 592,7 k € | -12.2% | 675,3 k € | +23.5% | 546,9 k € | +120% | 248 k € | +38.0% | 179,7 k € | +5.4% | 170,6 k € | +22.9% | 138,8 k € | -36.2% | 217,5 k € | -13.9% | 252,6 k € | -22.3% | 325,2 k € | +10.0% | 295,6 k € |
| Cash | 272,5 k € | +239% | 80,4 k € | -45.7% | 148,3 k € | +88.9% | 78,5 k € | -7.7% | 85 k € | +320% | 20,2 k € | -14.9% | 23,8 k € | +137% | 10 k € | -22.1% | 12,9 k € | -42.1% | 22,2 k € | -54.5% | 48,9 k € | +3.0% | 47,4 k € |
| Debts | 705,2 k € | +75.3% | 402,4 k € | +32.0% | 304,9 k € | +14.0% | 267,4 k € | +48.7% | 179,8 k € | +39.0% | 129,4 k € | +7.0% | 120,9 k € | +17.5% | 102,9 k € | +18.7% | 86,7 k € | +33.6% | 64,9 k € | -48.5% | 126,1 k € | +30.8% | 96,4 k € |
| Other | |||||||||||||||||||||||
| Workforce | 10,3 ETP | +2.0% | 10,1 ETP | – | 7,7 ETP | -91.9% | 94,8 ETP | +1358% | 6,5 ETP | 0.0% | 6,5 ETP | +35.4% | 4,8 ETP | -28.4% | 6,7 ETP | +34.0% | 5,0 ETP | -50.5% | 10,1 ETP | +3.1% | 9,8 ETP | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 3 active · 28 ended
At this address
Other companies at this address
Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Micro model | Abridged model | Abridged model | Abridged 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 | 30/09/2025 | 30/09/2024 | 28/11/2023 | 31/10/2022 | 31/08/2021 | 10/11/2020 |
| General meeting | 25/09/2025 | 30/09/2024 | 30/09/2023 | 13/10/2022 | 30/08/2021 | 09/11/2020 |
| 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 |
|---|---|---|---|---|---|
| Abridged model | 31/12/2024 | 25/09/2025 | 30/09/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/09/2024 | 30/09/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/09/2023 | 28/11/2023 | Dutch | |
| Abridged model | 31/12/2021 | 13/10/2022 | 31/10/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/08/2021 | 31/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 09/11/2020 | 10/11/2020 | Dutch | |
| Abridged model | 31/12/2018 | 22/11/2019 | 31/01/2020 | Dutch | |
| Abridged model | 31/12/2017 | 17/12/2018 | 27/12/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/09/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 29/09/2016 | 30/11/2016 | Dutch | |
| Abridged model | 31/12/2014 | 07/10/2015 | 30/11/2015 | Dutch | |
| Abridged model | 31/12/2013 | 28/08/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 27/09/2013 | 30/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 27/09/2012 | 28/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 10/05/2011 | 31/05/2011 | Dutch | |
| Abridged model | 31/12/2009 | 11/05/2010 | 31/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 12/05/2009 | 06/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 13/05/2008 | 20/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 08/05/2007 | 19/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
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
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/11/2023WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Mandates30/06/2022ONTSLAGEN - BENOEMINGEN
- Mandates21/06/2021ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Mandates24/10/2019ONTSLAGEN - BENOEMINGEN
- Mandates27/02/2008ONTSLAGEN - BENOEMINGEN
- Mandates20/01/2006ONTSLAGEN - BENOEMINGEN
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
- 2024Annual accounts 2024291,4 k €↑
- 2023Annual accounts 2023-133,3 k €↓
- 2022Annual accounts 202244,9 k €↓
- 2021Annual accounts 2021100,2 k €↑
- 2013Annual accounts 201317,9 k €↑
- 2012Annual accounts 2012697,1 €↓
- 2011Annual accounts 201118,4 k €↑
- 2010Annual accounts 2010-99,6 k €↓
- 2009Annual accounts 2009-56,9 k €↓
- 2008Annual accounts 2008-11,4 k €↓
- 2007Annual accounts 2007-149,5 €↓
- 2006Annual accounts 200619,7 k €
- 13/10/1993IncorporationPrivate limited company