ACTIVE

THOLUS

Financial year 2025 · closed on 30/09/2025
Net result
317,9 k €
+755.0% YoY
Gross margin
210 k €
-46.7% YoY
Equity
1,1 M €
+38.8% YoY

What does THOLUS do?

THOLUS is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Aalst.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.751.132
Incorporation
26/08/1999
Legal form
Public limited company
Registered office
Kattestraat 49
9300 Aalst · FlandreSee on map
Contributed capital
151 000,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin210 k €394,2 k €170,7 k €169,3 k €62,4 k €81,4 k €105,7 k €340,7 k €116 k €383,1 k €112,4 k €110 k €131,9 k €114,6 k €147,3 k €80,5 k €109,9 k €164,4 k €313,8 k €
EBITDA202,6 k €153,3 k €169,4 k €160,8 k €50,1 k €79,2 k €96,2 k €333,6 k €98,8 k €382,2 k €103,5 k €101 k €109 k €112,5 k €137,2 k €68,6 k €108,7 k €158,1 k €308,2 k €
Operating result85 k €55 k €55,6 k €95,9 k €-20,8 k €16,5 k €32,3 k €240,1 k €43,8 k €302,1 k €68,8 k €65 k €80,1 k €32,4 k €41 k €35,8 k €71,4 k €109,9 k €212,2 k €
Net result317,9 k €-48,5 k €137,4 k €28,7 k €-71,3 k €-15,6 k €-678,5 €143,6 k €6,5 k €196,4 k €21,8 k €15,5 k €26,8 k €-25,8 k €-23,5 k €2 k €-3,9 k €36,5 k €103 k €
Balance sheet
Equity1,1 M €818,9 k €867,5 k €730,1 k €701,4 k €772,6 k €1,2 M €1,2 M €1,2 M €1,2 M €1,4 M €1,4 M €1,4 M €1,4 M €1,5 M €1,5 M €1,5 M €709,7 k €673,2 k €
Total assets3,1 M €2,8 M €3,1 M €3 M €2,6 M €2,4 M €2,4 M €2,5 M €2,5 M €2,8 M €2,4 M €2,5 M €2,7 M €2,9 M €3 M €2,7 M €2,8 M €1,9 M €1,9 M €
Cash514,7 €3,3 k €2,1 k €312,3 k €2,1 k €3,1 k €1,8 k €4,7 k €6,6 k €429,1 k €6,2 k €1,6 k €39,3 k €25 k €5,2 k €2,1 k €28,9 k €1,7 k €88,8 k €
Debts1,8 M €1,9 M €2,1 M €2,2 M €1,7 M €1,4 M €1,1 M €1,1 M €1,2 M €1,5 M €1 M €1,1 M €1,3 M €1,5 M €1,5 M €1,2 M €1,3 M €1,2 M €1,2 M €
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 30/09/2025 · 1 active · 9 ended

Active mandates

THOLUS

Director · since 21 septembre 2020 · until 30 septembre 2026 · 0466.751.132

Represented by Marleen De Vliegher

Active

Ended mandates

Marleen De Vliegher

Managing director · since 08 mars 2018 · until 21 septembre 2020

Ended
Marleen De Vliegher

Managing director · since 05 mars 2018 · until 31 mars 2024

Ended
THOLUS

Director · since 05 mars 2018 · until 31 mars 2024 · 0466.751.132

Represented by Marleen De Vliegher

Ended
Marleen De Vliegher

Managing director · since 05 mars 2012 · until 31 mars 2018

Ended
At this address

Other companies at this address

CompanyCBE no.
DEVLOActive
0455.889.607
MANATANActive
0451.996.739
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/04/202601/04/202528/03/202409/03/202308/03/202203/03/2021
General meeting31/03/202631/03/202525/03/202406/03/202307/03/202201/03/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202531/03/202621/04/2026DutchPDF
Abridged model30/09/202431/03/202501/04/2025DutchPDF
Abridged model30/09/202325/03/202428/03/2024DutchPDF
Abridged model30/09/202206/03/202309/03/2023DutchPDF
Abridged model30/09/202107/03/202208/03/2022DutchPDF
Abridged model30/09/202001/03/202103/03/2021DutchPDF
Abridged model30/09/201902/03/202017/03/2020DutchPDF
Abridged model30/09/201825/03/201918/04/2019DutchPDF
Abridged model30/09/201705/03/201830/03/2018DutchPDF
Abridged model30/09/201606/03/201709/03/2017DutchPDF
Abridged model30/09/201507/03/201608/03/2016DutchPDF
Abridged model30/09/201402/03/201530/03/2015DutchPDF
Abridged model30/09/201303/03/201404/03/2014DutchPDF
Abridged model30/09/201204/03/201312/03/2013DutchPDF
Abridged model30/09/201105/03/201216/03/2012DutchPDF
Abridged model30/09/201007/03/201111/03/2011DutchPDF
Abridged model30/09/200901/03/201002/03/2010DutchPDF
Abridged model30/09/200802/03/200926/03/2009DutchPDF
Abridged model30/09/200703/03/200811/03/2008DutchPDF
Abridged model30/09/200605/03/200715/03/2007DutchPDF
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 30/09/2025 · 1 active · 9 ended

Active mandates

THOLUS

Director · since 21 septembre 2020 · until 30 septembre 2026 · 0466.751.132

Represented by Marleen De Vliegher

Active

Ended mandates

Marleen De Vliegher

Managing director · since 08 mars 2018 · until 21 septembre 2020

Ended
Marleen De Vliegher

Managing director · since 05 mars 2018 · until 31 mars 2024

Ended
THOLUS

Director · since 05 mars 2018 · until 31 mars 2024 · 0466.751.132

Represented by Marleen De Vliegher

Ended
Marleen De Vliegher

Managing director · since 05 mars 2012 · until 31 mars 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring27/01/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring10/11/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates24/09/2020
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring01/03/2017
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/11/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares02/10/2014
    KAPITAAL - AANDELEN
    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 2025317,9 k €
  2. 2024
    Annual accounts 2024-48,5 k €
  3. 2023
    Annual accounts 2023137,4 k €
  4. 2022
    Annual accounts 202228,7 k €
  5. 2021
    Annual accounts 2021-71,3 k €
  6. 2020
    Annual accounts 2020-15,6 k €
  7. 2019
    Annual accounts 2019-678,5 €
  8. 2018
    Annual accounts 2018143,6 k €
  9. 2017
    Annual accounts 20176,5 k €
  10. 2016
    Annual accounts 2016196,4 k €
  11. 2015
    Annual accounts 201521,8 k €
  12. 2014
    Annual accounts 201415,5 k €
  13. 2013
    Annual accounts 201326,8 k €
  14. 2012
    Annual accounts 2012-25,8 k €
  15. 2011
    Annual accounts 2011-23,5 k €
  16. 2010
    Annual accounts 20102 k €
  17. 2009
    Annual accounts 2009-3,9 k €
  18. 2008
    Annual accounts 200836,5 k €
  19. 2007
    Annual accounts 2007103 k €
  20. 26/08/1999
    IncorporationPublic limited company