ACTIVE

THEMAR

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Financial year 2025 · closed on 31/12/2025

Net result

124,9 k €

+10.4% YoY

Gross margin

274,8 k €

+4.9% YoY

Equity

1 M €

+13.9% YoY

What does THEMAR do?

THEMAR is a Private limited company incorporated in 1999. Its main activity is: Activities of head offices. Its registered office is in Ninove.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.192.787

Incorporation

07/06/1999

Legal form

Private limited company

Registered office

Vogelzangstraat(Ned) 16
9400 Ninove · FlandreSee on map

Contributed capital

132 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70120Activities of head offices· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.68100Buying and selling of own real estate 68110Buying and selling of own real estate 82100Office administrative and support activities+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	274,8 k €	+4.9%	261,9 k €	+3.6%	252,9 k €	+7.4%	235,4 k €	+30.1%	181 k €	+20.7%	150 k €	-2.7%	154,2 k €	-19.2%	190,7 k €	+53.9%	123,9 k €	-30.2%	177,5 k €	-5.6%	188,1 k €	+9.0%	172,5 k €	-7.8%	187,2 k €	+1.5%	184,4 k €	+13.9%	161,9 k €	-2.9%	166,7 k €	+11.8%	149,1 k €	+44.7%	103,1 k €	-1.3%	104,4 k €	+98.6%	52,6 k €
EBITDA	268,6 k €	+5.1%	255,5 k €	+4.3%	244,9 k €	+7.3%	228,2 k €	+31.9%	173 k €	+18.6%	145,8 k €	-3.0%	150,3 k €	-19.6%	187 k €	+83.4%	102 k €	-33.8%	154 k €	-5.6%	163,2 k €	+11.0%	146,9 k €	-10.2%	163,6 k €	+1.4%	161,3 k €	+15.8%	139,2 k €	-4.6%	145,9 k €	+17.6%	124,1 k €	+92.6%	64,4 k €	-14.8%	75,7 k €	+49.2%	50,7 k €
Operating result	202,1 k €	+6.6%	189,6 k €	+5.4%	180 k €	+13.6%	158,4 k €	+25.4%	126,3 k €	+25.2%	100,9 k €	-3.8%	104,9 k €	-26.4%	142,4 k €	+154%	56,2 k €	-45.1%	102,3 k €	-8.7%	112 k €	+17.3%	95,5 k €	-14.1%	111,2 k €	-8.4%	121,4 k €	+20.3%	101 k €	-5.8%	107,2 k €	+31.7%	81,4 k €	+9697%	-848 €	-102%	47,8 k €	+112%	22,6 k €
Net result	124,9 k €	+10.4%	113,2 k €	+4.4%	108,5 k €	+13.5%	95,6 k €	+32.1%	72,3 k €	+35.4%	53,4 k €	+14.3%	46,7 k €	-39.5%	77,3 k €	+521%	12,5 k €	-67.9%	38,8 k €	-1.7%	39,4 k €	+98.5%	19,9 k €	-45.6%	36,5 k €	-14.4%	42,7 k €	+60.1%	26,6 k €	-12.6%	30,5 k €	+128%	13,4 k €	+148%	-27,9 k €	-475%	7,5 k €	+55.1%	4,8 k €
Balance sheet
Equity	1 M €	+13.9%	899,2 k €	+14.4%	786 k €	+16.0%	677,5 k €	+16.4%	581,9 k €	+14.2%	509,6 k €	+11.7%	456,1 k €	+11.4%	409,4 k €	+23.3%	332,1 k €	+3.9%	319,7 k €	+13.8%	280,9 k €	+16.3%	241,5 k €	+9.0%	221,6 k €	+15.7%	191,5 k €	+28.7%	148,8 k €	+21.8%	122,2 k €	+33.3%	91,7 k €	+17.1%	78,3 k €	+39.2%	56,3 k €	+15.3%	48,8 k €
Total assets	1,4 M €	+4.5%	1,3 M €	+5.2%	1,3 M €	-0.1%	1,3 M €	+0.6%	1,3 M €	+16.4%	1,1 M €	-3.2%	1,1 M €	-4.5%	1,2 M €	-3.6%	1,2 M €	-2.0%	1,2 M €	-6.3%	1,3 M €	-4.7%	1,4 M €	-4.9%	1,5 M €	+0.8%	1,4 M €	-2.9%	1,5 M €	-2.7%	1,5 M €	-3.5%	1,6 M €	-4.2%	1,7 M €	+76.1%	939,6 k €	+56.9%	598,6 k €
Cash	537,7 k €	+24.1%	433,4 k €	+38.5%	313 k €	+18.8%	263,4 k €	+4.4%	252,3 k €	+55.1%	162,7 k €	+74.9%	93 k €	+45.6%	63,9 k €	+114%	29,9 k €	-37.3%	47,6 k €	+6.5%	44,7 k €	+107%	21,5 k €	-30.7%	31,1 k €	-52.2%	65 k €	+22.1%	53,2 k €	+97.1%	27 k €	+385%	5,6 k €	-11.8%	6,3 k €	+6.0%	6 k €	+205%	2 k €
Debts	364,8 k €	-15.1%	430 k €	-10.0%	477,9 k €	-18.6%	587,4 k €	-13.1%	675,7 k €	+18.4%	570,7 k €	-1.1%	576,9 k €	-15.7%	684,3 k €	-15.8%	812,6 k €	-5.3%	857,8 k €	-7.8%	930,3 k €	-11.2%	1 M €	-8.9%	1,2 M €	-2.5%	1,2 M €	-7.5%	1,3 M €	-5.7%	1,4 M €	-6.5%	1,4 M €	-5.9%	1,5 M €	+80.1%	854,6 k €	+61.5%	529,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-16.7%	0,6 ETP	-40.0%	1,0 ETP	+11.1%	0,9 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Marie Thérèse De Dobbeleer

Director · since 31 octobre 2005

Active

Ended mandates

MARIE - THERESE DE DOBBELEER

Manager · since 31 octobre 2005

Ended

Marie Thérèse De Dobbeleer

Manager · since 31 octobre 2005

Ended

Marie-Therese De Dobbeleer

Manager · since 31 octobre 2005

Ended

At this address

Other companies at this address

Company	CBE no.
DFENDIT● Active	0825.323.906
Fiduciaire Camphijn - De Dobbeleer● Liquidation	0428.043.083
KOSMOZZ● Active	0860.394.354

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	23/07/2026	21/08/2025	30/08/2024	30/08/2023	29/08/2022	27/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	21/08/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	23/09/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Marie Thérèse De Dobbeleer

Director · since 31 octobre 2005

Active

Ended mandates

MARIE - THERESE DE DOBBELEER

Manager · since 31 octobre 2005

Ended

Marie Thérèse De Dobbeleer

Manager · since 31 octobre 2005

Ended

Marie-Therese De Dobbeleer

Manager · since 31 octobre 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares06/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other05/06/2008
DOEL
PDF
Capital / shares02/10/2006
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/10/2005
KAPITAAL - AANDELEN
PDF
Mandates23/01/2004
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 2025124,9 k €↑
2024
Annual accounts 2024113,2 k €↑
2023
Annual accounts 2023108,5 k €↑
2022
Annual accounts 202295,6 k €↑
2021
Annual accounts 202172,3 k €↑
2020
Annual accounts 202053,4 k €↑
2019
Annual accounts 201946,7 k €↓
2018
Annual accounts 201877,3 k €↑
2017
Annual accounts 201712,5 k €↓
2016
Annual accounts 201638,8 k €↓
2015
Annual accounts 201539,4 k €↑
2014
Annual accounts 201419,9 k €↓
2013
Annual accounts 201336,5 k €↓
2012
Annual accounts 201242,7 k €↑
2011
Annual accounts 201126,6 k €↓
2010
Annual accounts 201030,5 k €↑
2009
Annual accounts 200913,4 k €↑
2008
Annual accounts 2008-27,9 k €↓
2007
Annual accounts 20077,5 k €↑
2006
Annual accounts 20064,8 k €
07/06/1999
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

THEMAR

Overview

What does THEMAR do?

Trend over 20 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