ACTIVE

THG Eupen

Financial year 2025 · closed on 31/03/2025
Net result
-7,2 k €
-101.8% YoY
Gross margin
670,8 k €
-28.3% YoY
Equity
129,9 k €
-45.2% YoY
Workforce
8,4 ETP
+6.3% YoY

What does THG Eupen do?

THG Eupen is a Public limited company incorporated in 1999. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Eupen. It employs on average 8,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.145.385
Incorporation
08/02/1999
Legal form
Public limited company
Registered office
Werthplatz 11
4700 Eupen · WallonieSee on map
Contributed capital
80 000,00 €
Latest accounts
31/03/2025
Average workforce
8,4 ETP
Joint committees (4)
  • 100
  • 200
  • 218
  • 336
Signals
Positive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin670,8 k €934,9 k €1 M €1 M €1,1 M €1,1 M €1 M €1 M €976,5 k €714,9 k €526,7 k €460,5 k €448,2 k €405,8 k €357 k €358,3 k €316,4 k €554,5 k €475,2 k €
EBITDA162,7 k €427 k €404,7 k €374,6 k €345 k €371 k €405,9 k €410 k €364,4 k €289,3 k €214,5 k €200 k €156,1 k €180,5 k €145,4 k €168,9 k €73,8 k €225,2 k €256,7 k €
Operating result38,2 k €286,3 k €266,9 k €268,7 k €184,7 k €233,4 k €284,9 k €260 k €200,5 k €213 k €139,4 k €137,3 k €97,3 k €110,8 k €85,3 k €101,5 k €72,1 k €78,7 k €185,1 k €
Net result-7,2 k €391,6 k €165,9 k €191,6 k €121,2 k €162,3 k €299 k €160,1 k €103,7 k €245,6 k €83,2 k €81 k €84,3 k €80,6 k €75,7 k €92,8 k €62,7 k €46,1 k €140,3 k €
Balance sheet
Equity129,9 k €237,1 k €1,2 M €1 M €960,9 k €874,7 k €923,7 k €804,7 k €719,7 k €570,5 k €392,9 k €359,7 k €318,7 k €274,4 k €623,8 k €578,2 k €515,4 k €482,6 k €461,5 k €
Total assets1,1 M €1,7 M €2 M €2 M €1,5 M €1,8 M €1,9 M €2 M €2,2 M €2,2 M €2,1 M €1,1 M €1,1 M €1,2 M €1,5 M €1,5 M €1,5 M €1,5 M €1,1 M €
Cash99,1 k €297,5 k €347,1 k €254,4 k €258 k €330,1 k €411,8 k €361,2 k €403,9 k €115,4 k €73,1 k €68 k €18,7 k €21 k €194,7 k €181,1 k €133,5 k €193,4 k €94,3 k €
Debts937,9 k €1,5 M €784,3 k €966,7 k €528,3 k €931,1 k €991,9 k €1,2 M €1,5 M €1,6 M €1,7 M €741,4 k €815,1 k €929,1 k €917,7 k €939,2 k €977,1 k €971 k €630,2 k €
Other
Workforce8,4 ETP7,9 ETP9,2 ETP8,4 ETP11,6 ETP12,6 ETP12,3 ETP11,9 ETP10,8 ETP8,9 ETP6,5 ETP5,6 ETP6,3 ETP5,6 ETP5,6 ETP5,2 ETP4,2 ETP7,5 ETP4,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 21 ended

Active mandates

RMi CONSULTING

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0843.892.476

Represented by René MICHEL

Active
Bibo Tax & Accounting

Managing director · since 01 juillet 2023 · until 21 septembre 2029 · 0802.979.757

Represented by Jonathan BINOT

Active

Ended mandates

Bibo Tax & Accounting

Director · since 01 juillet 2023 · until 21 septembre 2029 · 0802.979.757

Represented by Jonathan BINOT

Ended
NAPHE

Director · since 30 septembre 2019 · until 18 septembre 2025 · 0893.862.423

Represented by René MICHEL

Ended
NAPHE

Director · since 30 septembre 2019 · until 19 septembre 2025 · 0893.862.423

Represented by Jean Davister

Ended
RMi CONSULTING

Director · since 21 septembre 2018 · until 20 septembre 2024 · 0843.892.476

Represented by René MICHEL

Ended
At this address

Other companies at this address

CompanyCBE no.
0802.979.757
THG BIBOActive
1021.745.144
0878.434.077
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/10/202516/10/202430/10/202326/10/202214/10/202106/10/2020
General meeting30/09/202520/09/202430/09/202330/09/202217/09/202117/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202530/09/202529/10/2025GermanPDF
Abridged model31/03/202420/09/202416/10/2024GermanPDF
Abridged model31/03/202330/09/202330/10/2023GermanPDF
Abridged model31/03/202230/09/202226/10/2022GermanPDF
Abridged model31/03/202117/09/202114/10/2021GermanPDF
Abridged model31/03/202017/09/202006/10/2020GermanPDF
Abridged model31/03/201930/09/201924/10/2019GermanPDF
Abridged model31/03/201821/09/201819/10/2018GermanPDF
Abridged model31/03/201715/09/201713/10/2017GermanPDF
Abridged model31/03/201616/09/201629/09/2016GermanPDF
Abridged model31/03/201518/09/201530/10/2015GermanPDF
Abridged model31/03/201419/09/201429/09/2014GermanPDF
Abridged model31/03/201320/09/201328/10/2013GermanPDF
Abridged model31/03/201221/09/201230/10/2012GermanPDF
Abridged model31/03/201116/09/201109/11/2011GermanPDF
Abridged model31/03/201017/09/201028/10/2010GermanPDF
Abridged model31/03/200918/09/200929/10/2009GermanPDF
Abridged model31/03/200819/09/200818/12/2008GermanPDF
Abridged model31/03/200721/09/200727/09/2007GermanPDF
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.

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 · 2 active · 21 ended

Active mandates

RMi CONSULTING

Director · since 20 septembre 2024 · until 20 septembre 2030 · 0843.892.476

Represented by René MICHEL

Active
Bibo Tax & Accounting

Managing director · since 01 juillet 2023 · until 21 septembre 2029 · 0802.979.757

Represented by Jonathan BINOT

Active

Ended mandates

Bibo Tax & Accounting

Director · since 01 juillet 2023 · until 21 septembre 2029 · 0802.979.757

Represented by Jonathan BINOT

Ended
NAPHE

Director · since 30 septembre 2019 · until 18 septembre 2025 · 0893.862.423

Represented by René MICHEL

Ended
NAPHE

Director · since 30 septembre 2019 · until 19 septembre 2025 · 0893.862.423

Represented by Jean Davister

Ended
RMi CONSULTING

Director · since 21 septembre 2018 · until 20 septembre 2024 · 0843.892.476

Represented by René MICHEL

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/12/2024
    ENTLASSUNG - ERNENNUNG
    PDF
  • Capital / shares24/04/2024
    KAPITAL - AKTIEN
    PDF
  • Mandates09/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/02/2024
    OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/01/2024
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates13/07/2023
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates25/03/2020
    ENTLASSUNG - ERNENNUNG
    PDF
  • Mandates04/02/2020
    ENTLASSUNG - ERNENNUNG
    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

Timeline

  1. 2025
    Annual accounts 2025-7,2 k €
  2. 2024
    Annual accounts 2024391,6 k €
  3. 2023
    Annual accounts 2023165,9 k €
  4. 2022
    Annual accounts 2022191,6 k €
  5. 2021
    Annual accounts 2021121,2 k €
  6. 2020
    Annual accounts 2020162,3 k €
  7. 2019
    Annual accounts 2019299 k €
  8. 2018
    Annual accounts 2018160,1 k €
  9. 2017
    Annual accounts 2017103,7 k €
  10. 2016
    Annual accounts 2016245,6 k €
  11. 2015
    Annual accounts 201583,2 k €
  12. 2014
    Annual accounts 201481 k €
  13. 2013
    Annual accounts 201384,3 k €
  14. 2012
    Annual accounts 201280,6 k €
  15. 2011
    Annual accounts 201175,7 k €
  16. 2010
    Annual accounts 201092,8 k €
  17. 2009
    Annual accounts 200962,7 k €
  18. 2008
    Annual accounts 200846,1 k €
  19. 2007
    Annual accounts 2007140,3 k €
  20. 08/02/1999
    IncorporationPublic limited company