ACTIVE

TH MEDICAL

Financial year 2025 · Closed on 31/12/2025

Net result328,3 k €+69,1 %over 1 year

Gross margin672,6 k €+25,7 %over 1 year

Equity853,9 k €+51,2 %over 1 year

Identity

Source · BCE/KBO

TH MEDICAL is a Private company with limited liability incorporated in 1998. Its main activity is: Pre-primary education. Its registered office is in Uccle.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0462.289.924
Incorporation: 07/01/1998
Legal form: Private company with limited liability
Registered office: Avenue Van Bever 7
1180 Uccle · BruxellesSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025

Activities (NACE)

85120Pre-primary education· main 86210General medical practice activities 86210General medical practice activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	672,6 k €	+25.7%	534,9 k €	+32.0%	405,3 k €	-20.9%	512,5 k €	+69.6%	302,2 k €
EBITDA	490,5 k €	+65.6%	296,2 k €	+68.1%	176,2 k €	-39.1%	289,4 k €	+555%	44,2 k €
Operating result	484,8 k €	+67.8%	288,8 k €	+81.7%	159 k €	-42.0%	274,2 k €	+770%	31,5 k €
Net result	328,3 k €	+69.1%	194,1 k €	+87.7%	103,4 k €	-44.7%	187,1 k €	+848%	19,7 k €
Balance sheet
Equity	853,9 k €	+51.2%	564,8 k €	+52.4%	370,6 k €	+26.8%	292,2 k €	+118%	134,2 k €
Total assets	1 M €	+66.0%	608,7 k €	+33.2%	457,1 k €	+21.7%	375,8 k €	+104%	184 k €
Cash	72,9 k €	-86.3%	530,2 k €	+35.6%	391 k €	+20.0%	325,8 k €	+223%	101 k €
Debts	147,3 k €	+235%	43,9 k €	-49.2%	86,5 k €	+3.5%	83,5 k €	+67.5%	49,9 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Thierry Hertoghe	Directorsince 07/01/1998Manager07/01/1998 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period
Thierry Herthoge	Manager2007 accounts

Other companies at this address

Avenue Van Bever 7 1180 Uccle

Company	CBE no.
HERTOGHE EQ-ONE CARE● Active	1025.839.138

Full financial information

Source · NBB

	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	10/08/2026	14/07/2025	17/07/2024	28/08/2023	29/06/2022	27/08/2021
General meeting	15/06/2026	16/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	10/08/2026	French	PDF
Micro model	31/12/2024	16/06/2025	14/07/2025	French	PDF
Micro model	31/12/2023	15/06/2024	17/07/2024	French	PDF
Micro model	31/12/2022	15/06/2023	28/08/2023	French	PDF
Micro model	31/12/2021	15/06/2022	29/06/2022	French	PDF
Micro model	31/12/2020	15/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	15/06/2020	08/09/2020	French	PDF
Micro model	31/12/2018	17/06/2019	28/06/2019	French	PDF
Micro model	31/12/2017	15/06/2018	22/08/2018	French	PDF
Micro model	31/12/2016	15/06/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	12/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	15/06/2008	15/07/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	30/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Thierry Hertoghe	Directorsince 07/01/1998Manager07/01/1998 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period
Thierry Herthoge	Manager2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares12/01/2007
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office02/04/2003
SIEGE SOCIAL
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Thierry Hertoghe

Thierry Herthoge

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

TH MEDICAL

Avenue Van Bever 7, 1180 Uccle

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Van Bever 7, 1180 UccleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00393552

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TH MEDICALCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00393552

Events

2025
Annual accounts 2025328,3 k €↑
2024
Annual accounts 2024194,1 k €↑
2023
Annual accounts 2023103,4 k €↓
2022
Annual accounts 2022187,1 k €↑
2021
Annual accounts 202119,7 k €↓
2020
Annual accounts 202023,7 k €↑
2019
Annual accounts 2019151,3 €↓
2018
Annual accounts 201878,3 k €↑
2017
Annual accounts 2017-38,8 k €↓
2016
Annual accounts 201619,1 k €↑
2015
Annual accounts 201518,1 k €↓
2014
Annual accounts 201447,6 k €↑
2013
Annual accounts 2013-8,8 k €↓
2012
Annual accounts 2012-5,4 k €↓
2011
Annual accounts 2011301,9 €↑
2010
Annual accounts 2010-7,4 k €↓
2009
Annual accounts 20095,4 k €↑
2008
Annual accounts 2008-43,2 k €↓
2007
Annual accounts 200725,5 k €↑
2006
Annual accounts 20069 k €
07/01/1998
IncorporationPrivate company with limited liability

TH MEDICAL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events