ACTIVE

THOCED

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

8,1 k €

-56.5% YoY

Gross margin

419,5 k €

+6.7% YoY

Equity

2,7 M €

+0.3% YoY

What does THOCED do?

THOCED is a Private limited company incorporated in 1999. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.151.505

Incorporation

27/10/1999

Legal form

Private limited company

Registered office

Jozef II-straat 35 box 301
8400 Oostende · FlandreSee on map

Contributed capital

2 340 000,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Gross margin	419,5 k €	+6.7%	393,1 k €	+5.1%	374,1 k €	-8.8%	410,1 k €	+23.9%	330,9 k €	+23.2%	268,6 k €	-36.2%	421,1 k €	+11.3%	378,3 k €	-1.5%	384 k €	-4.2%	401 k €	+0.7%	398,4 k €	+5.1%	379,1 k €	+5.8%	358,4 k €	+9.2%	328,3 k €	-44.5%	592 k €	+49.6%	395,8 k €	+117%	182,1 k €	+3.1%	176,7 k €
EBITDA	358,9 k €	+6.5%	337 k €	+4.3%	323 k €	-10.1%	359,2 k €	+28.0%	280,6 k €	+26.3%	222,2 k €	-40.6%	374,2 k €	+12.9%	331,3 k €	-2.2%	338,9 k €	-4.9%	356,3 k €	+1.3%	351,8 k €	+3.5%	339,9 k €	+5.1%	323,5 k €	+9.8%	294,6 k €	-47.0%	556,4 k €	+52.1%	365,7 k €	+102%	181,3 k €	+5.9%	171,3 k €
Operating result	205,4 k €	+11.9%	183,6 k €	+8.2%	169,6 k €	-6.6%	181,6 k €	+76.3%	103,1 k €	+133%	44,3 k €	-77.4%	196,2 k €	+27.9%	153,4 k €	-4.7%	160,9 k €	-9.7%	178,3 k €	+13.9%	156,6 k €	+8.5%	144,4 k €	+13.1%	127,7 k €	-27.0%	174,9 k €	-59.9%	436,6 k €	+76.8%	247 k €	+190%	85,2 k €	+13.0%	75,4 k €
Net result	8,1 k €	-56.5%	18,6 k €	+24.2%	15 k €	-71.7%	53 k €	-50.8%	107,7 k €	+127%	47,4 k €	-11.6%	53,7 k €	+567%	-11,5 k €	-87.6%	-6,1 k €	-104%	171,9 k €	+568%	-36,7 k €	+22.1%	-47,2 k €	-9834%	484,5 €	-99.5%	105,6 k €	-72.1%	378,1 k €	+205%	124,1 k €	+323%	-55,7 k €	-282%	-14,6 k €
Balance sheet
Equity	2,7 M €	+0.3%	2,7 M €	+0.7%	2,7 M €	+0.6%	2,7 M €	+2.0%	2,6 M €	+4.3%	2,5 M €	+1.9%	2,5 M €	+2.2%	2,4 M €	-0.5%	2,4 M €	-0.3%	2,4 M €	+7.7%	2,2 M €	-1.6%	2,3 M €	-2.0%	2,3 M €	+0.0%	2,3 M €	+4.8%	2,2 M €	+20.5%	1,8 M €	+157%	717,1 k €	-7.2%	772,8 k €
Total assets	4,9 M €	-7.2%	5,3 M €	+0.5%	5,3 M €	-0.7%	5,3 M €	+1.7%	5,2 M €	-0.3%	5,2 M €	-3.8%	5,4 M €	-9.0%	6 M €	-2.0%	6,1 M €	-0.7%	6,1 M €	-1.1%	6,2 M €	-1.5%	6,3 M €	-0.5%	6,3 M €	+42.8%	4,4 M €	-0.8%	4,5 M €	+7.9%	4,1 M €	+35.2%	3,1 M €	-2.4%	3,1 M €
Cash	776,3 k €	+10.4%	703,4 k €	-14.7%	824,8 k €	+16.9%	705,5 k €	+58.2%	446,1 k €	+57.1%	283,9 k €	-10.2%	316 k €	-53.1%	673,9 k €	+9.2%	617 k €	+189%	213,4 k €	+36.7%	156,1 k €	-14.5%	182,6 k €	+52.7%	119,6 k €	-79.3%	577,5 k €	+16.1%	497,4 k €	+354%	109,5 k €	-46.9%	206,4 k €	+11.5%	185 k €
Debts	2,2 M €	-15.1%	2,6 M €	+2.1%	2,5 M €	-2.0%	2,6 M €	-0.4%	2,6 M €	-4.9%	2,7 M €	-7.4%	2,9 M €	-16.9%	3,5 M €	-3.0%	3,6 M €	-0.9%	3,7 M €	-6.2%	3,9 M €	-1.3%	4 M €	-0.5%	4 M €	+94.7%	2 M €	-6.6%	2,2 M €	-1.7%	2,2 M €	-3.4%	2,3 M €	-0.9%	2,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2024 · 1 active · 8 ended

Active mandates

PIETER VANDERGHOTE

Director

Active

Ended mandates

ELS VANDERGHOTE

Mandate

Ended

ELS VANDERGHOTE

Associate

Ended

LENA VANTHUYNE

Mandate

Ended

LENA VANTHUYNE

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Mede-eigenaars Residentie Jozef II te Oostende, Jozef II straat 35● Active	0807.820.057

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/12/2025	23/12/2024	29/12/2023	23/01/2023	21/12/2021	10/12/2020
General meeting	07/11/2025	08/11/2024	10/11/2023	19/11/2022	20/11/2021	21/11/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	07/11/2025	24/12/2025	Dutch	PDF
Micro model	30/06/2024	08/11/2024	23/12/2024	Dutch	PDF
Micro model	30/06/2023	10/11/2023	29/12/2023	Dutch	PDF
Micro model	30/06/2022	19/11/2022	23/01/2023	Dutch	PDF
Micro model	30/06/2021	20/11/2021	21/12/2021	Dutch	PDF
Micro model	30/06/2020	21/11/2020	10/12/2020	Dutch	PDF
Micro model	30/06/2019	22/11/2019	27/12/2019	Dutch	PDF
Micro model	30/06/2018	23/11/2018	12/12/2018	Dutch	PDF
Micro model	30/06/2017	24/11/2017	27/12/2017	Dutch	PDF
Abridged model	30/06/2016	25/11/2016	20/12/2016	Dutch	PDF
Abridged model	30/06/2015	27/11/2015	11/12/2015	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	15/01/2014	Dutch	PDF
Abridged model	30/06/2012	21/12/2012	04/01/2013	Dutch	PDF
Abridged model	30/06/2011	04/01/2012	06/01/2012	Dutch	PDF
Abridged model	30/06/2010	10/02/2011	11/02/2011	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	22/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	26/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/06/2024 · 1 active · 8 ended

Active mandates

PIETER VANDERGHOTE

Director

Active

Ended mandates

ELS VANDERGHOTE

Mandate

Ended

ELS VANDERGHOTE

Associate

Ended

LENA VANTHUYNE

Mandate

Ended

LENA VANTHUYNE

Associate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/04/2010
KAPITAAL - AANDELEN
PDF
Capital / shares11/09/2009
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20258,1 k €↓
2024
Annual accounts 202418,6 k €↑
2023
Annual accounts 202315 k €↓
2022
Annual accounts 202253 k €↓
2021
Annual accounts 2021107,7 k €↑
2020
Annual accounts 202047,4 k €↓
2019
Annual accounts 201953,7 k €↑
2018
Annual accounts 2018-11,5 k €↓
2017
Annual accounts 2017-6,1 k €↓
2016
Annual accounts 2016171,9 k €↑
2015
Annual accounts 2015-36,7 k €↑
2014
Annual accounts 2014-47,2 k €↓
2013
Annual accounts 2013484,5 €↓
2012
Annual accounts 2012105,6 k €↓
2011
Annual accounts 2011378,1 k €↑
2010
Annual accounts 2010124,1 k €↑
2008
Annual accounts 2008-55,7 k €↓
2007
Annual accounts 2007-14,6 k €
27/10/1999
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

THOCED

Overview

What does THOCED do?

Trend over 18 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