ACTIVE

LETHI

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Financial year 2025 · closed on 30/06/2025

Net result

-30,7 k €

+3.2% YoY

Gross margin

48,8 k €

+0.9% YoY

Equity

2,1 M €

-1.4% YoY

What does LETHI do?

LETHI is a Public limited company incorporated in 1995. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.487.362

Incorporation

06/02/1995

Legal form

Public limited company

Registered office

Magere Schorre 95B
8300 Knokke-Heist · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

30/06/2025

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

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	48,8 k €	+0.9%	48,3 k €	-17.7%	58,7 k €	-20.1%	73,5 k €	-4.1%	76,6 k €	-9.4%	84,5 k €	+10.8%	76,3 k €	+277%	20,2 k €	+1241%	-1,8 k €	-112%	15,0 k €	-40.5%	25,3 k €	-15.0%	29,7 k €	+78.3%	16,7 k €	-12.8%	19,1 k €	-13.1%	22,0 k €	+15.2%	19,1 k €	+12.7%	16,9 k €	+18.2%	14,3 k €	+35.9%	10,5 k €
EBITDA	43,3 k €	+0.4%	43,1 k €	-19.8%	53,8 k €	-21.8%	68,8 k €	-1.3%	69,7 k €	-9.8%	77,3 k €	+16.9%	66,1 k €	+443%	-19,3 k €	-187%	-6,7 k €	-272%	3,9 k €	-78.7%	18,3 k €	-33.1%	27,3 k €	+93.8%	14,1 k €	-7.1%	15,2 k €	-7.9%	16,5 k €	+42.4%	11,6 k €	+1.9%	11,3 k €	+32.7%	8,5 k €	+10.2%	7,8 k €
Operating result	-22,7 k €	+2.2%	-23,2 k €	-112%	-10,9 k €	-242%	7,7 k €	-22.6%	10,0 k €	-43.4%	17,6 k €	+135%	7,5 k €	+113%	-58,7 k €	+23.4%	-76,6 k €	-645%	-10,3 k €	-352%	4,1 k €	-69.0%	13,1 k €	+2419%	521,9 €	-67.4%	1,6 k €	-44.7%	2,9 k €	+119%	-15,4 k €	+1.4%	-15,7 k €	+19.1%	-19,4 k €	+3.9%	-20,2 k €
Net result	-30,7 k €	+3.2%	-31,7 k €	-61.4%	-19,7 k €	-1267%	-1,4 k €	-386%	502,7 €	-94.8%	9,7 k €	+32.2%	7,4 k €	+113%	-58,2 k €	+21.1%	-73,8 k €	-3587%	2,1 k €	-81.1%	11,2 k €	-48.5%	21,7 k €	+103%	10,7 k €	+67.7%	6,4 k €	+133%	2,7 k €	+118%	-15,6 k €	+1.0%	-15,8 k €	+18.8%	-19,4 k €	+4.1%	-20,3 k €
Balance sheet
Equity	2,1 M €	-1.4%	2,1 M €	-1.5%	2,2 M €	-0.9%	2,2 M €	+6.1%	2,1 M €	+94.5%	1,1 M €	+0.9%	1,0 M €	+0.7%	1,0 M €	+947%	99,4 k €	-42.6%	173,2 k €	+1.2%	171,1 k €	+7.0%	159,9 k €	+15.7%	138,2 k €	+8.4%	127,5 k €	+5.3%	121,1 k €	+2.3%	118,3 k €	-11.6%	133,9 k €	-10.5%	149,7 k €	-11.5%	169,1 k €
Total assets	2,9 M €	-4.3%	3,1 M €	-0.8%	3,1 M €	-2.8%	3,2 M €	+4.0%	3,1 M €	+48.0%	2,1 M €	+0.2%	2,1 M €	+0.9%	2,0 M €	+117%	941,8 k €	+99.1%	472,9 k €	-30.7%	682,7 k €	-2.1%	697,2 k €	-1.7%	709,0 k €	-23.2%	922,8 k €	+73.0%	533,5 k €	-1.6%	542,2 k €	-5.1%	571,6 k €	-4.0%	595,6 k €	-4.6%	624,3 k €
Cash	883,3 €	-98.7%	68,3 k €	+116%	31,6 k €	-61.2%	81,4 k €	+37.2%	59,3 k €	-9.3%	65,4 k €	-36.8%	103,6 k €	+1336%	7,2 k €	-23.5%	9,4 k €	-67.6%	29,1 k €	+338%	6,6 k €	+38.6%	4,8 k €	+46959%	10,2 €	-99.6%	2,7 k €	+25.6%	2,1 k €	+44.8%	1,5 k €	+21.2%	1,2 k €	-59.9%	3,0 k €	-0.3%	3,0 k €
Debts	828,0 k €	-10.5%	924,8 k €	+0.2%	922,7 k €	-6.6%	988,2 k €	+0.5%	983,0 k €	-1.9%	1,0 M €	-1.3%	1,0 M €	+0.8%	1,0 M €	+19.5%	842,4 k €	+181%	299,7 k €	-41.4%	511,6 k €	-4.8%	537,2 k €	-5.9%	570,8 k €	-28.2%	795,3 k €	+92.8%	412,5 k €	-2.7%	423,9 k €	-3.1%	437,6 k €	-1.9%	445,9 k €	-2.0%	455,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 6 ended

Active mandates

Timothy Thiers

Director · since 20 février 2024

Active

Cristian Thiers

Managing director

Active

Federico Thiers

Director

Active

Ended mandates

Cristian Thiers

Manager · since 01 septembre 2014

Ended

FEDERICO THIERS

Manager · since 01 septembre 2014

Ended

Cristian Thiers

Director

Ended

Cristian Thiers

Manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/12/2025	02/01/2025	31/01/2024	04/01/2023	25/01/2022	08/01/2021
General meeting	05/12/2025	06/12/2024	27/12/2023	14/12/2022	09/12/2021	25/11/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	05/12/2025	12/12/2025	Dutch	PDF
Micro model	30/06/2024	06/12/2024	02/01/2025	Dutch	PDF
Micro model	30/06/2023	27/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	14/12/2022	04/01/2023	Dutch	PDF
Micro model	30/06/2021	09/12/2021	25/01/2022	Dutch	PDF
Micro model	30/06/2020	25/11/2020	08/01/2021	Dutch	PDF
Micro model	30/06/2019	27/09/2019	25/10/2019	Dutch	PDF
Micro model	30/06/2018	28/09/2018	31/10/2018	Dutch	PDF
Micro model	30/06/2017	29/09/2017	26/10/2017	Dutch	PDF
Abridged model	30/06/2016	28/10/2016	29/11/2016	Dutch	PDF
Abridged model	30/06/2015	30/10/2015	16/12/2015	Dutch	PDF
Abridged model	30/06/2014	24/12/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	27/09/2013	31/10/2013	Dutch	PDF
Abridged model	30/06/2012	30/09/2012	06/11/2012	Dutch	PDF
Abridged model	30/06/2011	30/09/2011	28/10/2011	Dutch	PDF
Abridged model	30/06/2010	24/09/2010	26/10/2010	Dutch	PDF
Abridged model	30/06/2009	25/09/2009	30/10/2009	Dutch	PDF
Abridged model	30/06/2008	26/09/2008	18/11/2008	Dutch	PDF
Abridged model	30/06/2007	28/09/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 3 active · 6 ended

Active mandates

Timothy Thiers

Director · since 20 février 2024

Active

Cristian Thiers

Managing director

Active

Federico Thiers

Director

Active

Ended mandates

Cristian Thiers

Manager · since 01 septembre 2014

Ended

FEDERICO THIERS

Manager · since 01 septembre 2014

Ended

Cristian Thiers

Director

Ended

Cristian Thiers

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates20/02/2015
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 2025-30,7 k €↑
2024
Annual accounts 2024-31,7 k €↓
2023
Annual accounts 2023-19,7 k €↓
2022
Annual accounts 2022-1,4 k €↓
2021
Annual accounts 2021502,7 €↓
2020
Annual accounts 20209,7 k €↑
2019
Annual accounts 20197,4 k €↑
2018
Annual accounts 2018-58,2 k €↑
2017
Annual accounts 2017-73,8 k €↓
2016
Annual accounts 20162,1 k €↓
2015
Annual accounts 201511,2 k €↓
2014
Annual accounts 201421,7 k €↑
2013
Annual accounts 201310,7 k €↑
2012
Annual accounts 20126,4 k €↑
2011
Annual accounts 20112,7 k €↑
2010
Annual accounts 2010-15,6 k €↑
2009
Annual accounts 2009-15,8 k €↑
2008
Annual accounts 2008-19,4 k €↑
2007
Annual accounts 2007-20,3 k €
06/02/1995
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

LETHI

Overview

What does LETHI do?

Trend over 19 financial years

Indicative valuation

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