ACTIVE

TITHOMA

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Financial year 2025 · closed on 31/12/2025

Net result

35,1 k €

-38.5% YoY

Gross margin

74,5 k €

-19.1% YoY

Equity

159,3 k €

+28.3% YoY

What does TITHOMA do?

TITHOMA is a Public limited company incorporated in 1994. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.208.348

Incorporation

04/08/1994

Legal form

Public limited company

Registered office

Weststraat 16
9880 Aalter · FlandreSee on map

Contributed capital

99 157,41 €

Latest accounts

31/12/2025

Joint committees (2)

330
330206

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	74,5 k €	-19.1%	92,1 k €	+8.7%	84,7 k €	-52.9%	180,1 k €	+15.4%	156,1 k €	-46.6%	292 k €	+8.4%	269,4 k €	+4.5%	257,7 k €	+9.0%	236,4 k €	+8.1%	218,8 k €	-2.7%	224,8 k €	+25.0%	179,8 k €	-11.5%	203,1 k €	+48.3%	137 k €	-58.0%	326,3 k €	+89.3%	172,4 k €	-33.9%	260,8 k €	+34.2%	194,3 k €
EBITDA	70 k €	-20.2%	87,7 k €	+97.2%	44,5 k €	+65.0%	27 k €	+48.2%	18,2 k €	-86.6%	136 k €	+4.0%	130,8 k €	+0.5%	130,1 k €	+78.1%	73,1 k €	-16.3%	87,3 k €	+13.9%	76,6 k €	+48.0%	51,8 k €	-26.9%	70,8 k €	+15067%	-473,2 €	-100%	210 k €	+256%	58,9 k €	-61.3%	152,5 k €	+54.8%	98,5 k €
Operating result	51,8 k €	-20.9%	65,5 k €	+163%	24,9 k €	+390%	-8,6 k €	+74.6%	-33,7 k €	-146%	72,9 k €	+12.8%	64,6 k €	+10.3%	58,5 k €	+1207%	-5,3 k €	-311%	2,5 k €	-39.5%	4,1 k €	+130%	-14 k €	-601%	2,8 k €	+104%	-79,7 k €	-156%	142,5 k €	+1084%	-14,5 k €	-120%	73,6 k €	+260%	20,4 k €
Net result	35,1 k €	-38.5%	57,1 k €	+150%	22,8 k €	+264%	-13,9 k €	+60.4%	-35,2 k €	-185%	41,2 k €	+14.3%	36,1 k €	-35.2%	55,7 k €	+947%	-6,6 k €	-566%	1,4 k €	-27.5%	1,9 k €	+111%	-17,4 k €	-1253%	-1,3 k €	+98.5%	-84,7 k €	-175%	112,5 k €	+403%	-37,2 k €	-176%	48,7 k €	+193%	16,7 k €
Balance sheet
Equity	159,3 k €	+28.3%	124,1 k €	+25.1%	99,3 k €	-18.1%	121,2 k €	-10.3%	135,2 k €	-40.1%	225,5 k €	+22.4%	184,3 k €	+24.4%	148,2 k €	+60.2%	92,5 k €	-6.6%	99,1 k €	+1.4%	97,7 k €	+2.0%	95,7 k €	-15.3%	113,1 k €	-1.1%	114,4 k €	-42.6%	199,1 k €	+130%	86,6 k €	-30.0%	123,8 k €	+64.9%	75 k €
Total assets	288,3 k €	+9.6%	263 k €	+53.0%	171,9 k €	-30.7%	248,1 k €	+9.7%	226,1 k €	-48.1%	435,5 k €	-19.2%	538,9 k €	-1.1%	544,8 k €	+6.6%	511 k €	+15.5%	442,6 k €	-4.5%	463,6 k €	-19.8%	577,8 k €	-2.0%	589,5 k €	-8.5%	644,2 k €	-1.8%	656,1 k €	+6.1%	618,5 k €	-12.4%	706,4 k €	+2.6%	688,6 k €
Cash	3,7 k €	-96.1%	95,1 k €	+201%	31,6 k €	-46.7%	59,3 k €	+736%	7,1 k €	-77.1%	30,9 k €	-69.5%	101,6 k €	+19.5%	85 k €	+62.6%	52,3 k €	+388%	10,7 k €		–		110 k €	+79.2%	61,4 k €	+461%	10,9 k €	-84.6%	71,1 k €	+308%	17,4 k €	-77.1%	76 k €	+247%	21,9 k €
Debts	129,1 k €	-7.0%	138,8 k €	+91.1%	72,6 k €	-42.7%	126,9 k €	+39.6%	90,9 k €	-56.7%	210 k €	-40.8%	354,6 k €	-10.6%	396,7 k €	-5.2%	418,5 k €	+21.8%	343,6 k €	-6.1%	365,9 k €	-24.1%	482,1 k €	+1.2%	476,4 k €	-10.1%	529,8 k €	+20.6%	439,2 k €	-10.7%	491,7 k €	-9.4%	542,6 k €	-11.6%	613,4 k €
Other
Workforce	–		–		–		–		–		3,0 ETP		–		3,2 ETP	-30.4%	4,6 ETP	+24.3%	3,7 ETP	-11.9%	4,2 ETP	+35.5%	3,1 ETP	+10.7%	2,8 ETP	+3.7%	2,7 ETP	-6.9%	2,9 ETP	-12.1%	3,3 ETP	+6.5%	3,1 ETP	-6.1%	3,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Lieve Declercq

Director · since 09 avril 2024 · until 08 mai 2030

Active

Wim Decleer

Director · since 09 avril 2024 · until 08 mai 2030

Active

Ended mandates

Fertiliteitscentrum Dr. Decleer

Director · since 24 mars 2023 · until 24 mars 2029 · 0822.138.445

Represented by Wim Decleer

Ended

Els Devriendt

Managing director · since 02 mai 2019 · until 01 mai 2025

Ended

Lei 27

Director · since 02 mai 2019 · until 01 mai 2025 · 0430.171.046

Represented by Tim Decleer

Ended

Lei 27

Director · since 02 mai 2019 · until 01 mai 2025 · 0430.171.046

Represented by Tim DECLEER

Ended

At this address

Other companies at this address

Company	CBE no.
DOKTER WIM DECLEER● Active	0456.905.434
Fertiliteitscentrum Dr. Decleer● Active	0822.138.445

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	02/06/2026	31/03/2025	18/04/2024	29/03/2023	17/10/2022	26/08/2021
General meeting	06/05/2026	26/03/2025	08/04/2024	24/03/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/05/2026	02/06/2026	Dutch	PDF
Micro model	31/12/2024	26/03/2025	31/03/2025	Dutch	PDF
Micro model	31/12/2023	08/04/2024	18/04/2024	Dutch	PDF
Micro model	31/12/2022	24/03/2023	29/03/2023	Dutch	PDF
Micro modelCorrection	31/12/2021	30/06/2022	17/10/2022	Dutch	PDF
Micro model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	21/09/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	21/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/05/2017	01/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/03/2016	08/04/2016	Dutch	PDF
Abridged model	31/12/2014	06/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	09/04/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	07/05/2012	Dutch	PDF
Abridged model	31/12/2010	20/04/2011	29/04/2011	Dutch	PDF
Abridged model	31/12/2009	07/07/2010	12/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/05/2009	13/05/2009	Dutch	PDF
Abridged model	31/12/2007	07/05/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	21/06/2007	Dutch	PDF

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.

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 · 2 active · 20 ended

Active mandates

Lieve Declercq

Director · since 09 avril 2024 · until 08 mai 2030

Active

Wim Decleer

Director · since 09 avril 2024 · until 08 mai 2030

Active

Ended mandates

Fertiliteitscentrum Dr. Decleer

Director · since 24 mars 2023 · until 24 mars 2029 · 0822.138.445

Represented by Wim Decleer

Ended

Els Devriendt

Managing director · since 02 mai 2019 · until 01 mai 2025

Ended

Lei 27

Director · since 02 mai 2019 · until 01 mai 2025 · 0430.171.046

Represented by Tim Decleer

Ended

Lei 27

Director · since 02 mai 2019 · until 01 mai 2025 · 0430.171.046

Represented by Tim DECLEER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/09/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/07/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2006
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 202535,1 k €↓
2024
Annual accounts 202457,1 k €↑
2023
Annual accounts 202322,8 k €↑
2022
Annual accounts 2022-13,9 k €↑
2021
Annual accounts 2021-35,2 k €↓
2018
Annual accounts 201841,2 k €↑
2017
Annual accounts 201736,1 k €↓
2016
Annual accounts 201655,7 k €↑
2015
Annual accounts 2015-6,6 k €↓
2014
Annual accounts 20141,4 k €↓
2013
Annual accounts 20131,9 k €↑
2012
Annual accounts 2012-17,4 k €↓
2011
Annual accounts 2011-1,3 k €↑
2010
Annual accounts 2010-84,7 k €↓
2009
Annual accounts 2009112,5 k €↑
2008
Annual accounts 2008-37,2 k €↓
2007
Annual accounts 200748,7 k €↑
2006
Annual accounts 200616,7 k €
04/08/1994
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

TITHOMA

Overview

What does TITHOMA do?

Trend over 18 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