ACTIVE

THUBOCO

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Financial year 2025 · closed on 31/12/2025

Net result

-26,3 k €

-204.0% YoY

Gross margin

35,8 k €

+1106.6% YoY

Equity

380,1 k €

-6.5% YoY

What does THUBOCO do?

THUBOCO is a Private limited company incorporated in 1999. Its main activity is: Legal activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.915.546

Incorporation

18/05/1999

Legal form

Private limited company

Registered office

Square des Nations 15
1000 Bruxelles · BruxellesSee on map

Contributed capital

6 334,00 €

Latest accounts

31/12/2025

Activities (NACE)

69109Legal activities· main 69109Legal activities 74111Specialised design activities

Signals

Solid equityLow riskGood liquidityPositive 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	35,8 k €	+1107%	-3,6 k €	-224%	2,9 k €	-77.6%	12,8 k €	+184%	4,5 k €	-88.6%	39,5 k €	+47.6%	26,8 k €		–		-27,8 k €	-359%	-6,1 k €	-105%	110,3 k €	-31.2%	160,2 k €	-46.1%	297,3 k €	+74.5%	170,4 k €	+134%	72,7 k €	-34.6%	111,1 k €	-19.7%	138,2 k €	+90.2%	72,7 k €	-48.4%	140,8 k €
EBITDA	34,5 k €	+761%	-5,2 k €	-423%	1,6 k €	-82.3%	9,1 k €	+186%	3,2 k €	-91.7%	38,4 k €	+65.0%	23,2 k €	+198%	-23,7 k €	+31.4%	-34,5 k €	-237%	-10,3 k €	-110%	105,9 k €	-36.3%	166,2 k €	-42.4%	288,5 k €	+75.5%	164,4 k €	+150%	65,9 k €	-37.7%	105,8 k €	-20.5%	133,1 k €	+93.5%	68,8 k €	-50.4%	138,9 k €
Operating result	-26,8 k €	-321%	-6,4 k €	-196284%	3,3 €	-100.0%	8,1 k €	+257%	2,3 k €	-92.6%	30,7 k €	+94.9%	15,7 k €	+138%	-41,2 k €	+21.6%	-52,6 k €	-68.4%	-31,2 k €	-138%	83,1 k €	-42.0%	143,3 k €	-43.3%	252,7 k €	+86.9%	135,2 k €	+141%	56 k €	-33.3%	83,9 k €	-17.2%	101,4 k €	+92.3%	52,7 k €	-57.4%	123,9 k €
Net result	-26,3 k €	-204%	-8,7 k €	-441%	-1,6 k €	-122%	7,2 k €	-54.0%	15,6 k €	-65.6%	45,3 k €	+53.7%	29,5 k €	+166%	-44,6 k €	+23.8%	-58,5 k €	-31.8%	-44,4 k €	-145%	99,1 k €	-24.5%	131,2 k €	-13.1%	151 k €	+45.7%	103,6 k €	+304%	25,6 k €	-49.3%	50,5 k €	-20.0%	63,2 k €	+105%	30,9 k €	-59.1%	75,5 k €
Balance sheet
Equity	380,1 k €	-6.5%	406,4 k €	-2.1%	415,1 k €	-0.4%	416,7 k €	+1.8%	409,5 k €	+4.0%	393,9 k €	+13.0%	348,6 k €	+9.2%	319,1 k €	-12.3%	363,7 k €	-13.9%	422,2 k €	-9.5%	466,7 k €	+27.0%	367,6 k €	+55.5%	236,3 k €	+177%	85,3 k €	+38.2%	61,7 k €	-10.7%	69,1 k €	-25.3%	92,6 k €	+215%	29,4 k €	-78.9%	139,7 k €
Total assets	395 k €	-8.1%	429,9 k €	+0.4%	428 k €	-0.5%	430,1 k €	+2.4%	420,1 k €	+4.1%	403,7 k €	+10.7%	364,5 k €	-6.3%	389,1 k €	-22.3%	500,7 k €	-25.0%	667,4 k €	-26.0%	902,2 k €	-1.3%	914,2 k €	+18.8%	769,6 k €	+119%	351,4 k €	+47.0%	239,1 k €	-17.7%	290,4 k €	-1.4%	294,4 k €	+38.3%	212,9 k €	-34.4%	324,5 k €
Cash	49,6 k €	+17101624%	0,3 €	-100.0%	4,1 k €	-81.1%	21,7 k €	+360%	4,7 k €	+77.6%	2,7 k €	+25.1%	2,1 k €	-76.9%	9,2 k €	-90.5%	97,1 k €	-64.6%	274,4 k €	+48.2%	185,1 k €	+1429594%	13 €		–		14,9 k €	+339%	3,4 k €		–		5,6 k €	+2262%	239,1 €	-98.9%	21,7 k €
Debts	14,9 k €	-36.5%	23,4 k €	+82.0%	12,9 k €	-3.9%	13,4 k €	+27.3%	10,5 k €	+8.1%	9,7 k €	-38.8%	15,9 k €	-77.2%	70 k €	-48.9%	137 k €	-44.1%	245,2 k €	-43.7%	435,5 k €	-20.3%	546,7 k €	+4.5%	523,2 k €	+104%	256,1 k €	+53.0%	167,3 k €	-20.2%	209,8 k €	+10.3%	190,2 k €	+9.6%	173,5 k €	-0.8%	174,9 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 31/12/2025 · 1 active · 5 ended

Active mandates

Olivier Thuysbaert

Mandate

Active

Ended mandates

Olivier Thuysbaert

Manager · since 18 août 2004

Ended

Olivier THUYSBAERT

Director · since 18 août 2004

Ended

Olivier Thuysbaert

Director · since 18 mai 1999

Ended

BEATRIX BOURDON

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BOARD COACHING TO EXCELLENCE● Active	0836.467.622

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	31/08/2026	01/09/2025	30/08/2024	31/08/2023	31/08/2022	26/08/2021
General meeting	16/05/2026	30/06/2025	28/06/2024	30/06/2023	31/08/2022	22/08/2021
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	16/05/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	01/09/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	31/08/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	22/08/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	16/11/2020	Dutch	PDF
Full modelCorrection	31/12/2018	18/05/2019	17/12/2019	Dutch	PDF
Full model	31/12/2018	28/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	01/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/11/2017	18/01/2018	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	24/07/2015	French	PDF
Abridged model	31/12/2013	07/07/2014	26/08/2014	French	PDF
Abridged model	30/06/2012	03/11/2012	12/02/2013	French	PDF
Abridged model	30/06/2011	09/03/2012	19/04/2012	French	PDF
Abridged model	30/06/2010	31/12/2010	25/02/2011	French	PDF
Abridged model	30/06/2009	31/12/2009	11/02/2010	French	PDF
Abridged model	30/06/2008	22/11/2008	30/01/2009	French	PDF
Abridged model	30/06/2007	03/11/2007	31/01/2008	French	PDF
Abridged model	30/06/2006	30/12/2006	09/02/2007	French	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 31/12/2025 · 1 active · 5 ended

Active mandates

Olivier Thuysbaert

Mandate

Active

Ended mandates

Olivier Thuysbaert

Manager · since 18 août 2004

Ended

Olivier THUYSBAERT

Director · since 18 août 2004

Ended

Olivier Thuysbaert

Director · since 18 mai 1999

Ended

BEATRIX BOURDON

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other16/07/2013
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares24/01/2005
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/09/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2004
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 2025-26,3 k €↓
2024
Annual accounts 2024-8,7 k €↓
2023
Annual accounts 2023-1,6 k €↓
2022
Annual accounts 20227,2 k €↓
2021
Annual accounts 202115,6 k €↓
2020
Annual accounts 202045,3 k €↑
2019
Annual accounts 201929,5 k €↑
2018
Annual accounts 2018-44,6 k €↑
2017
Annual accounts 2017-58,5 k €↓
2016
Annual accounts 2016-44,4 k €↓
2015
Annual accounts 201599,1 k €↓
2014
Annual accounts 2014131,2 k €↓
2013
Annual accounts 2013151 k €↑
2012
Annual accounts 2012103,6 k €↑
2011
Annual accounts 201125,6 k €↓
2010
Annual accounts 201050,5 k €↓
2009
Annual accounts 200963,2 k €↑
2008
Annual accounts 200830,9 k €↓
2007
Annual accounts 200775,5 k €
18/05/1999
IncorporationPrivate 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

THUBOCO

Overview

What does THUBOCO 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