ACTIVE

Thivico

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Financial year 2025 · closed on 31/12/2025

Net result

-31,8 k €

-196.7% YoY

Gross margin

-8,5 k €

-125.5% YoY

Equity

398,6 k €

-7.4% YoY

What does Thivico do?

Thivico is a Private limited company incorporated in 2001. Its main activity is: Plastering. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.612.576

Incorporation

11/09/2001

Legal form

Private limited company

Registered office

Middelweg 118
9910 Aalter · FlandreSee on map

Contributed capital

37 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

43310Plastering· main 43310Plastering 45410Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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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	-8,5 k €	-125%	33,2 k €	-70.1%	111 k €	+64.5%	67,5 k €	-52.3%	141,5 k €	+0.3%	141,1 k €	+26.1%	111,9 k €	+4.7%	106,9 k €	+22.8%	87 k €	-27.2%	119,5 k €	+6.3%	112,5 k €	-34.5%	171,7 k €	-56.1%	391,5 k €	+10.6%	354 k €	+13.1%	313 k €	-27.3%	430,5 k €	-2.6%	442 k €	+10.4%	400,2 k €	-12.8%	459,2 k €	+27.9%	358,9 k €
EBITDA	-25,7 k €	-257%	16,3 k €	-84.9%	108,5 k €	+101%	54,1 k €	-37.6%	86,6 k €	-2.1%	88,5 k €	+45.1%	61 k €	+0.0%	61 k €	+6.5%	57,3 k €	-33.6%	86,2 k €	+42.4%	60,6 k €	-28.4%	84,6 k €	-44.7%	152,9 k €	+17.7%	129,9 k €	+45.4%	89,3 k €	-53.5%	192 k €	+5.7%	181,7 k €	-5.4%	192 k €	-11.1%	215,9 k €	+25.4%	172,2 k €
Operating result	-36,6 k €	-141%	-15,2 k €	-116%	93,1 k €	+87.3%	49,7 k €	-21.4%	63,3 k €	-5.2%	66,8 k €	+88.9%	35,3 k €	+112%	16,7 k €	-4.8%	17,5 k €	-71.9%	62,2 k €	+117%	28,7 k €	-45.8%	52,9 k €	-59.3%	130 k €	+37.5%	94,5 k €	+66.6%	56,7 k €	-64.4%	159,4 k €	+2.6%	155,3 k €	+1.1%	153,6 k €	-15.5%	181,9 k €	+25.5%	145 k €
Net result	-31,8 k €	-197%	-10,7 k €	-115%	69,8 k €	+89.4%	36,8 k €	+27.5%	28,9 k €	-41.8%	49,6 k €	+89.4%	26,2 k €	+156%	10,2 k €	-43.1%	18 k €	-67.4%	55,2 k €	+77.3%	31,1 k €	-54.5%	68,4 k €	-36.1%	107,1 k €	+11.2%	96,3 k €	+8.5%	88,8 k €	-34.6%	135,7 k €	-1.4%	137,6 k €	+14.9%	119,7 k €	-9.1%	131,7 k €	+27.9%	103 k €
Balance sheet
Equity	398,6 k €	-7.4%	430,4 k €	-2.4%	441,1 k €	+18.8%	371,3 k €	-8.9%	407,7 k €	+7.6%	378,8 k €	-17.2%	457,2 k €	-8.7%	500,8 k €	+2.1%	490,5 k €	-62.9%	1,3 M €	+4.4%	1,3 M €	+2.5%	1,2 M €	+5.9%	1,2 M €	+0.7%	1,2 M €	+9.1%	1,1 M €	+8.6%	978,9 k €	+15.4%	848 k €	+18.6%	715,3 k €	+19.1%	600,4 k €	+26.8%	473,6 k €
Total assets	431,2 k €	-29.4%	610,4 k €	-6.4%	652 k €	+25.9%	517,8 k €	+3.7%	499,4 k €	-15.1%	588,5 k €	-1.1%	595,4 k €	-6.6%	637,6 k €	-56.0%	1,4 M €	+0.7%	1,4 M €	+6.6%	1,3 M €	+0.7%	1,3 M €	+7.1%	1,3 M €	-4.5%	1,3 M €	+9.1%	1,2 M €	+8.7%	1,1 M €	+15.8%	954,3 k €	+16.7%	818,1 k €	+17.9%	693,7 k €	+23.9%	559,7 k €
Cash	35,5 k €	-7.4%	38,3 k €	-81.7%	208,9 k €	-9.6%	231,1 k €	+72.8%	133,7 k €	-48.6%	259,9 k €	+6.8%	243,4 k €	-30.4%	349,5 k €	-43.4%	618 k €	+34.7%	458,7 k €	+98.6%	230,9 k €	-30.1%	330,5 k €	-23.0%	429,2 k €	+68.0%	255,4 k €	+103%	125,7 k €	-44.5%	226,3 k €	+58.8%	142,6 k €	-20.4%	179,2 k €	-66.1%	528,8 k €	+79.9%	293,9 k €
Debts	32,6 k €	-80.6%	168,6 k €	-15.5%	199,5 k €	+38.3%	144,3 k €	+60.7%	89,8 k €	-56.8%	208 k €	+53.7%	135,3 k €	+2.1%	132,5 k €	-86.1%	953,4 k €	+754%	111,7 k €	+41.6%	78,9 k €	-22.4%	101,6 k €	+26.0%	80,6 k €	-45.0%	146,5 k €	+9.4%	133,9 k €	+11.1%	120,5 k €	+18.1%	102,1 k €	+0.7%	101,3 k €	+10.0%	92,1 k €	+7.2%	85,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	-54.5%	2,2 ETP	-65.1%	6,3 ETP	+16.7%	5,4 ETP	+10.2%	4,9 ETP	-2.0%	5,0 ETP	-26.5%	6,8 ETP	+41.7%	4,8 ETP	-17.2%	5,8 ETP	+28.9%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 2 ended

Active mandates

Britt D'HOOGE

Director

Active

Thierry D'HOOGE

Director

Active

Vicky De Loof

Director

Active

Ended mandates

Thierry D'hooge

Manager

Ended

Vicky De Loof

Manager

Ended

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	22/07/2026	30/06/2025	09/07/2024	11/07/2023	13/07/2022	12/07/2021
General meeting	14/07/2026	13/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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	14/07/2026	22/07/2026	Dutch	PDF
Micro model	31/12/2024	13/06/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	09/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	13/07/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	12/07/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	03/07/2020	Dutch	PDF
Micro model	31/12/2018	23/05/2019	03/06/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	30/06/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 active · 2 ended

Active mandates

Britt D'HOOGE

Director

Active

Thierry D'HOOGE

Director

Active

Vicky De Loof

Director

Active

Ended mandates

Thierry D'hooge

Manager

Ended

Vicky De Loof

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares05/12/2017
KAPITAAL - AANDELEN
PDF
Capital / shares05/11/2013
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

2025
Annual accounts 2025-31,8 k €↓
2024
Annual accounts 2024-10,7 k €↓
2023
Annual accounts 202369,8 k €↑
2023
Name changeThivico
2022
Annual accounts 202236,8 k €↑
2021
Annual accounts 202128,9 k €↓
2020
Annual accounts 202049,6 k €↑
2019
Annual accounts 201926,2 k €↑
2018
Annual accounts 201810,2 k €↓
2017
Annual accounts 201718 k €↓
2016
Annual accounts 201655,2 k €↑
2015
Annual accounts 201531,1 k €↓
2014
Annual accounts 201468,4 k €↓
2013
Annual accounts 2013107,1 k €↑
2012
Annual accounts 201296,3 k €↑
2011
Annual accounts 201188,8 k €↓
2010
Annual accounts 2010135,7 k €↓
2009
Annual accounts 2009137,6 k €↑
2008
Annual accounts 2008119,7 k €↓
2007
Annual accounts 2007131,7 k €↑
2006
Annual accounts 2006103 k €
2006
Name changeSTUKADOORSBEDRIJF DE LOOF
11/09/2001
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

Thivico

Overview

What does Thivico do?

Trend over 20 financial years

Indicative valuation

Board of directors

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