ACTIVE

ATHEA

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Financial year 2025 · closed on 31/03/2025

Net result

94,3 k €

-50.1% YoY

Gross margin

224,2 k €

-25.7% YoY

Equity

796,6 k €

+11.0% YoY

What does ATHEA do?

ATHEA is a Public limited company incorporated in 1998. Its registered office is in Manhay.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.753.922

Incorporation

07/12/1998

Legal form

Public limited company

Registered office

Rue des Cerisiers,Malempré 3
6960 Manhay · WallonieSee on map

Contributed capital

123 947,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	224,2 k €	-25.7%	301,6 k €	+216%	95,4 k €	-42.6%	166,3 k €	+63.8%	101,5 k €	+8.0%	94 k €	-52.7%	198,9 k €	+251%	56,6 k €	-64.1%	157,8 k €	+1.0%	156,2 k €	-3.3%	161,5 k €	+150%	64,7 k €	-21.4%	82,3 k €	+31.5%	62,6 k €	-51.1%	128 k €	+120%	58,2 k €	-55.4%	130,5 k €	+162%	49,8 k €	+23.0%	40,5 k €
EBITDA	206,9 k €	-28.2%	287,9 k €	+288%	74,1 k €	-51.3%	152,3 k €	+76.4%	86,3 k €	-0.8%	87 k €	-54.5%	191,2 k €	+307%	47 k €	-68.4%	148,8 k €	+1.6%	146,5 k €	-3.6%	152 k €	+177%	54,8 k €	-24.9%	73 k €	+30.6%	55,9 k €	-53.6%	120,3 k €	+406%	23,8 k €	-81.2%	126 k €	+182%	44,6 k €	+25.4%	35,6 k €
Operating result	124,6 k €	-40.4%	209,2 k €	+16102%	1,3 k €	-98.3%	78 k €	+420%	15 k €	-3.8%	15,6 k €	-87.3%	122,6 k €	+8886%	-1,4 k €	-101%	97,6 k €	+2.5%	95,3 k €	-13.7%	110,5 k €	+880%	11,3 k €	-62.8%	30,3 k €	+1.2%	30 k €	-68.3%	94,4 k €	+35404%	-267,3 €	-100%	100,4 k €	+357%	22 k €	+69.6%	12,9 k €
Net result	94,3 k €	-50.1%	189 k €	+1128%	-18,4 k €	-269%	-5 k €	+48.4%	-9,7 k €	+16.1%	-11,5 k €	-112%	97,1 k €	+648%	-17,7 k €	-122%	82,2 k €	+12.8%	72,9 k €	-18.1%	89,1 k €	+848%	-11,9 k €	-316%	5,5 k €	-55.7%	12,4 k €	-83.0%	73,3 k €	+409%	-23,7 k €	-130%	78,6 k €	+868%	8,1 k €	+493%	-2,1 k €
Balance sheet
Equity	796,6 k €	+11.0%	717,8 k €	+35.7%	528,8 k €	-3.4%	547,2 k €	+11.7%	489,9 k €	-1.9%	499,6 k €	-2.3%	511,1 k €	+23.5%	414 k €	-4.1%	431,7 k €	+20.7%	357,8 k €	+25.6%	284,9 k €	+45.5%	195,8 k €	-5.7%	207,7 k €	+2.7%	202,2 k €	+6.6%	189,8 k €	+63.0%	116,5 k €	-16.9%	140,2 k €	+128%	61,6 k €	+15.2%	53,5 k €
Total assets	1,8 M €	+15.2%	1,5 M €	+21.1%	1,3 M €	-4.3%	1,3 M €	-2.3%	1,3 M €	-6.3%	1,4 M €	-0.5%	1,4 M €	+69.7%	850,9 k €	+1.0%	842,9 k €	+0.8%	836 k €	+17.7%	710,5 k €	-0.3%	712,9 k €	-4.6%	747 k €	+46.4%	510,1 k €	-6.4%	545,2 k €	+6.7%	510,8 k €	-2.0%	521,1 k €	+20.1%	434 k €	-4.0%	452,1 k €
Cash	200,8 k €	+124%	89,6 k €	+135%	38,2 k €	-62.7%	102,4 k €	+66.6%	61,4 k €	+13.8%	54 k €	+3.9%	52 k €	+177%	18,8 k €	-80.5%	96,5 k €	+316%	23,2 k €	-33.9%	35,1 k €	+33.4%	26,3 k €	+4.5%	25,2 k €	+84.1%	13,7 k €	-42.8%	23,9 k €	+300%	6 k €	-67.2%	18,2 k €	+57.8%	11,5 k €	+4.9%	11 k €
Debts	959,6 k €	+19.0%	806,5 k €	+10.5%	729,9 k €	-5.0%	768,2 k €	-10.2%	855,9 k €	-8.6%	936,8 k €	+0.6%	930,8 k €	+113%	436,9 k €	+6.3%	410,8 k €	-14.1%	478,2 k €	+12.4%	425,6 k €	-17.7%	517,1 k €	-4.0%	538,8 k €	+75.3%	307,4 k €	-13.1%	353,9 k €	-10.2%	394,3 k €	+3.5%	380,9 k €	+2.3%	372,4 k €	-6.6%	398,6 k €

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 31/03/2025 · 3 active · 11 ended

Active mandates

Arnaud AGNELLO

Director · since 27 mai 2021 · until 27 mai 2027

Active

Mylène THONUS

Managing director · since 27 mai 2021 · until 27 mai 2027

Active

Rosario Agnello

Director · since 27 mai 2021 · until 27 mai 2027

Active

Ended mandates

Arnaud AGNELLO

Director · since 05 juin 2017 · until 04 juin 2023

Ended

Mylène THONUS

Managing director · since 05 juin 2017 · until 05 juin 2023

Ended

Rosario Agnello

Director · since 05 juin 2017 · until 04 juin 2023

Ended

Henri THONUS

Director · since 03 octobre 2013 · until 05 juin 2017

Ended

At this address

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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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/10/2025	29/10/2024	30/10/2023	31/10/2022	29/10/2021	06/11/2020
General meeting	08/09/2025	09/09/2024	11/09/2023	12/09/2022	13/09/2021	14/09/2020
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	31/03/2025	08/09/2025	09/10/2025	French	PDF
Micro model	31/03/2024	09/09/2024	29/10/2024	French	PDF
Micro model	31/03/2023	11/09/2023	30/10/2023	French	PDF
Micro model	31/03/2022	12/09/2022	31/10/2022	French	PDF
Micro model	31/03/2021	13/09/2021	29/10/2021	French	PDF
Micro model	31/03/2020	14/09/2020	06/11/2020	French	PDF
Micro model	31/03/2019	09/09/2019	08/10/2019	French	PDF
Micro model	31/03/2018	10/09/2018	26/11/2018	French	PDF
Micro model	31/03/2017	11/09/2017	30/10/2017	French	PDF
Abridged model	31/03/2016	12/09/2016	30/11/2016	French	PDF
Abridged model	31/03/2015	14/09/2015	29/12/2015	French	PDF
Abridged model	31/03/2014	08/09/2014	05/11/2014	French	PDF
Abridged model	31/03/2013	13/09/2013	05/11/2013	French	PDF
Abridged model	31/03/2012	14/09/2012	30/11/2012	French	PDF
Abridged model	31/03/2011	12/09/2011	30/01/2012	French	PDF
Abridged model	31/03/2010	13/09/2010	02/11/2010	French	PDF
Abridged model	31/03/2009	11/09/2009	26/10/2010	French	PDF
Abridged model	31/03/2008	08/09/2008	24/12/2008	French	PDF
Abridged model	31/03/2007	14/09/2007	30/11/2007	French	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 31/03/2025 · 3 active · 11 ended

Active mandates

Arnaud AGNELLO

Director · since 27 mai 2021 · until 27 mai 2027

Active

Mylène THONUS

Managing director · since 27 mai 2021 · until 27 mai 2027

Active

Rosario Agnello

Director · since 27 mai 2021 · until 27 mai 2027

Active

Ended mandates

Arnaud AGNELLO

Director · since 05 juin 2017 · until 04 juin 2023

Ended

Mylène THONUS

Managing director · since 05 juin 2017 · until 05 juin 2023

Ended

Rosario Agnello

Director · since 05 juin 2017 · until 04 juin 2023

Ended

Henri THONUS

Director · since 03 octobre 2013 · until 05 juin 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring09/07/2026
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/01/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates09/06/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2017
administrateur de ,
PDF
Mandates11/10/2013
Renouvellement mandats des administrateurs
PDF
Registered office07/11/2007
confirmation de transfert du siège social — modification de l'objet social —
PDF
Registered office29/11/2005
Transfert du siège social
PDF
Mandates09/08/2005
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - DIVERS
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 202594,3 k €↓
2024
Annual accounts 2024189 k €↑
2023
Annual accounts 2023-18,4 k €↓
2022
Annual accounts 2022-5 k €↑
2021
Annual accounts 2021-9,7 k €↑
2020
Annual accounts 2020-11,5 k €↓
2019
Annual accounts 201997,1 k €↑
2018
Annual accounts 2018-17,7 k €↓
2017
Annual accounts 201782,2 k €↑
2016
Annual accounts 201672,9 k €↓
2015
Annual accounts 201589,1 k €↑
2014
Annual accounts 2014-11,9 k €↓
2013
Annual accounts 20135,5 k €↓
2012
Annual accounts 201212,4 k €↓
2011
Annual accounts 201173,3 k €↑
2010
Annual accounts 2010-23,7 k €↓
2009
Annual accounts 200978,6 k €↑
2008
Annual accounts 20088,1 k €↑
2007
Annual accounts 2007-2,1 k €
07/12/1998
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

ATHEA

Overview

What does ATHEA do?

Trend over 19 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