THERSA
0479.604.226 · rovalta.com · 24/09/2026
ACTIVE
THERSA
Financial year 2025 · Closed on 31/12/2025
Net result
2,6 M €
+554,2 %over 1 yearRevenue
40 M €
+32,2 %over 1 yearEquity
6,3 M €
+30,2 %over 1 yearWorkforce
132,0 ETP
+10,6 %over 1 yearOverview
Identity
Source · BCE/KBOTHERSA is a Public limited company incorporated in 2003. Its main activity is: Electrical installation. Its registered office is in Mouscron. It employs on average 132,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0479.604.226
- Incorporation
- 26/02/2003
- Legal form
- Public limited company
- Registered office
- Drève Gustave Fache(L) 5
7700 Mouscron · WallonieSee on map - Contributed capital
- 87 325,47 €
- Latest accounts
- 31/12/2025
- Average workforce
- 132,0 ETP
Activities (NACE)
Joint committees (10)
- 100
- 111
- 1110
- 124
- 1240
- 200
- 2000
- 209
- 2090
- 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 20 filingsTrend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 40 M € | +32.2% | 30,3 M € | +2.9% | 29,4 M € | +6.9% | 27,5 M € | +39.7% | 19,7 M € |
| EBITDA | 4,1 M € | +269% | 1,1 M € | -44.8% | 2 M € | -31.6% | 2,9 M € | +93.2% | 1,5 M € |
| Operating result | 3,4 M € | +438% | 632,7 k € | -60.5% | 1,6 M € | -38.7% | 2,6 M € | +109% | 1,2 M € |
| Net result | 2,6 M € | +554% | 392,8 k € | -68.0% | 1,2 M € | -38.3% | 2 M € | +107% | 958,2 k € |
| Balance sheet | |||||||||
| Equity | 6,3 M € | +30.2% | 4,9 M € | -1.1% | 4,9 M € | +33.1% | 3,7 M € | +83.3% | 2 M € |
| Total assets | 15,9 M € | +23.2% | 12,9 M € | +6.3% | 12,2 M € | +36.1% | 8,9 M € | +44.1% | 6,2 M € |
| Cash | 845,2 k € | -34.4% | 1,3 M € | -54.5% | 2,8 M € | +40.1% | 2 M € | +27.4% | 1,6 M € |
| Debts | 9,3 M € | +18.5% | 7,9 M € | +11.8% | 7 M € | +39.3% | 5 M € | +24.6% | 4,1 M € |
| Other | |||||||||
| Workforce | 132,0 ETP | +10.6% | 119,4 ETP | +20.7% | 98,9 ETP | +11.0% | 89,1 ETP | +12.8% | 79,0 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20255 active · 31 ended
Active mandates
Ended mandates
Other companies at this address
Drève Gustave Fache(L) 5 7700 Mouscron| Company | CBE no. |
|---|---|
| 0835.255.221 | |
BLM● Active | 0479.990.444 |
BLM HOLDING● Active | 1011.592.709 |
IMMO TRADECO● Active | 1011.651.107 |
JLM● Active | 1020.715.360 |
LL● Active | 1029.840.783 |
S.M. TRADECO BELGIUM - THERSA● Active | 0665.874.415 |
S.M. TRADECO-DELENS● Active | 0673.651.439 |
| 0699.954.968 | |
SSM THERSA-WYCOR● Active | 0793.365.176 |
| 1004.077.682 | |
| 0802.451.997 | |
| 1011.770.079 | |
| 0791.285.517 | |
TRADECO BELGIUM● Active | 0453.218.345 |
TRADECO FRANKI● Active | 0769.340.256 |
Unité TRADECO● Active | 1014.345.232 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Abridged 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 | 03/07/2026 | 11/07/2025 | 21/06/2024 | 14/07/2023 | 26/08/2022 | 30/08/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 12/06/2024 | 30/06/2023 | 30/06/2022 | 12/07/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/06/2026 | 03/07/2026 | French | |
| Full model | 31/12/2024 | 30/06/2025 | 11/07/2025 | French | |
| Full model | 31/12/2023 | 12/06/2024 | 21/06/2024 | French | |
| Full model | 31/12/2022 | 30/06/2023 | 14/07/2023 | French | |
| Full model | 31/12/2021 | 30/06/2022 | 26/08/2022 | French | |
| Abridged model | 31/12/2020 | 12/07/2021 | 30/08/2021 | French | |
| Full model | 31/12/2019 | 10/07/2020 | 09/09/2020 | French | |
| Full model | 31/12/2018 | 28/06/2019 | 13/08/2019 | French | |
| Full model | 31/12/2017 | 28/06/2018 | 22/08/2018 | French | |
| Full model | 31/12/2016 | 16/06/2017 | 25/08/2017 | French | |
| Full model | 31/12/2015 | 30/06/2016 | 31/08/2016 | French | |
| Full model | 31/12/2014 | 30/06/2015 | 28/08/2015 | French | |
| Full model | 31/12/2013 | 30/06/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 21/06/2013 | 18/07/2013 | French | |
| Abridged model | 31/12/2011 | 15/06/2012 | 21/09/2012 | French | |
| Abridged model | 31/12/2010 | 17/06/2011 | 23/08/2011 | French | |
| Abridged model | 31/12/2009 | 18/06/2010 | 28/06/2010 | French | |
| Abridged model | 31/12/2008 | 19/06/2009 | 22/06/2009 | French | |
| Abridged model | 31/12/2007 | 20/06/2008 | 02/07/2008 | French | |
| Abridged model | 31/12/2006 | 15/03/2007 | 19/03/2007 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20255 active · 31 ended
Active mandates
Ended mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates10/02/2026DEMISSIONS, NOMINATIONS
- Mandates06/12/2024DEMISSIONS, NOMINATIONS
- Mandates04/09/2024DEMISSIONS, NOMINATIONS
- Restructuring03/09/2024CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring06/06/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Other06/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates05/01/2024DEMISSIONS, NOMINATIONS
- Mandates30/09/2021DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20252,6 M €↑
- 2024Annual accounts 2024392,8 k €↓
- 2023Annual accounts 20231,2 M €↓
- 2022Annual accounts 20222 M €↑
- 2021Annual accounts 2021958,2 k €↑
- 2017Annual accounts 2017226,3 k €↑
- 2016Annual accounts 2016-176,2 k €↓
- 2015Annual accounts 2015-18,3 k €↓
- 2014Annual accounts 201451,4 k €↑
- 2013Annual accounts 201332,8 k €↓
- 2012Annual accounts 201268,1 k €↑
- 2011Annual accounts 201148 k €↓
- 2010Annual accounts 2010198,8 k €↑
- 2009Annual accounts 200936,5 k €↑
- 2008Annual accounts 200829,2 k €↑
- 2007Annual accounts 200714,6 k €
- 26/02/2003IncorporationPublic limited company