ACTIVE

THYDEL

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Financial year 2025 · closed on 31/12/2025

Net result

125,4 k €

-38.4% YoY

Gross margin

99,9 k €

-16.1% YoY

Equity

2 M €

+6.7% YoY

What does THYDEL do?

THYDEL is a Private limited company incorporated in 2003. Its main activity is: Real estate agencies. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.005.092

Incorporation

09/04/2003

Legal form

Private limited company

Registered office

Industriezone(KRU) 17
9770 Kruisem · FlandreSee on map

Contributed capital

189 645,00 €

Latest accounts

31/12/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods 46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods 51160Passenger air transport

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	99,9 k €	-16.1%	119,1 k €	+0.5%	118,5 k €	+19.7%	99 k €	-82.4%	562,2 k €	+487%	95,7 k €	+0.9%	94,9 k €	+0.7%	94,2 k €	+51.4%	62,2 k €	-49.8%	123,9 k €	+30.6%	94,9 k €	-27.1%	130,2 k €	-1.0%	131,5 k €	+123%	59 k €	-44.6%	106,4 k €	+0.6%	105,7 k €	+47.6%	71,6 k €	+99.6%	35,9 k €	-0.0%	35,9 k €	-1.5%	36,4 k €
EBITDA	98,8 k €	+0.6%	98,2 k €	+0.2%	98 k €	-0.0%	98 k €	-82.5%	561,2 k €	+532%	88,8 k €	-5.5%	93,9 k €	+2.1%	92 k €	+53.3%	60 k €	-50.7%	121,7 k €	+31.4%	92,6 k €	-27.2%	127,2 k €	-0.6%	128,1 k €	+117%	59 k €	-44.1%	105,4 k €	+0.6%	104,7 k €	+48.2%	70,7 k €	+102%	34,9 k €	-0.0%	34,9 k €	-1.6%	35,5 k €
Operating result	63,4 k €	+48.7%	42,6 k €	-26.2%	57,8 k €	-0.0%	57,8 k €	-88.9%	521 k €	+973%	48,6 k €	-9.6%	53,7 k €	+1.8%	52,7 k €	+114%	24,6 k €	-71.5%	86,3 k €	+59.4%	54,1 k €	-39.1%	88,9 k €	+133%	-267,2 k €	-553%	59 k €	-42.4%	102,3 k €	+1.5%	100,8 k €	+54.5%	65,2 k €	+87.9%	34,7 k €	-0.4%	34,8 k €	-1.6%	35,4 k €
Net result	125,4 k €	-38.4%	203,7 k €	-3.5%	211 k €	-2.6%	216,7 k €	-33.6%	326,2 k €	-1.8%	332,3 k €	+1353%	22,9 k €	+32.7%	17,2 k €	+264%	4,7 k €	+200%	-4,8 k €	+38.4%	-7,7 k €	+93.2%	-114,1 k €	+65.4%	-329,7 k €	-278%	185,6 k €	+223%	57,5 k €	-47.3%	109,2 k €	-56.1%	248,9 k €	+11.5%	223,2 k €	+99.2%	112 k €	-13.6%	129,7 k €
Balance sheet
Equity	2 M €	+6.7%	1,9 M €	+12.2%	1,7 M €	+14.4%	1,5 M €	+17.4%	1,2 M €	+35.5%	918,8 k €	+56.7%	586,5 k €	+4.1%	563,6 k €	-65.8%	1,6 M €	+0.3%	1,6 M €	-0.0%	1,6 M €	-0.5%	1,7 M €	-10.2%	1,8 M €	-15.2%	2,2 M €	+9.4%	2 M €	+3.0%	1,9 M €	+6.0%	1,8 M €	+15.9%	1,6 M €	+16.6%	1,3 M €	+9.1%	1,2 M €
Total assets	2 M €	-1.3%	2 M €	-0.2%	2,1 M €	+8.0%	1,9 M €	-1.9%	1,9 M €	-14.1%	2,3 M €	+11.4%	2 M €	-1.7%	2,1 M €	-36.7%	3,3 M €	-3.6%	3,4 M €	-0.9%	3,4 M €	-1.1%	3,4 M €	-0.2%	3,4 M €	-9.8%	3,8 M €	+0.9%	3,8 M €	+58.5%	2,4 M €	+6.7%	2,2 M €	+0.1%	2,2 M €	+0.2%	2,2 M €	+0.1%	2,2 M €
Cash	77,1 k €	+43.2%	53,8 k €	+236%	16 k €	+71.4%	9,3 k €	+56.3%	6 k €	-67.3%	18,3 k €	+143%	7,5 k €	-40.9%	12,8 k €	+26.0%	10,1 k €	+183%	3,6 k €	+592%	517,8 €	+5590%	9,1 €	-99.9%	8,1 k €	+2.3%	7,9 k €	-63.2%	21,4 k €	+90.6%	11,2 k €	+24.8%	9 k €		–		–		–
Debts	18,7 k €	-89.1%	170,7 k €	-54.7%	377,2 k €	-13.7%	436,9 k €	-36.7%	690,4 k €	-48.3%	1,3 M €	-5.6%	1,4 M €	-5.5%	1,5 M €	-6.9%	1,6 M €	-7.4%	1,7 M €	-1.6%	1,8 M €	-0.4%	1,8 M €	+13.2%	1,6 M €	-5.3%	1,7 M €	-8.5%	1,8 M €	+289%	464,2 k €	+10.4%	420,6 k €	-36.3%	660,8 k €	-24.8%	878,7 k €	-10.3%	980,1 k €

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 · 1 active · 9 ended

Active mandates

Thierry Delbeke

Director

Active

Ended mandates

Thierry Delbeke

Chairman of the board of directors · since 28 mai 2015 · until 28 mai 2021

Ended

Dexter Delbeke

Director · since 25 mai 2015 · until 25 mai 2021

Ended

Caroline Rummeny

Director · since 28 mai 2009 · until 28 mai 2015

Ended

Thierry Delbeke

Chairman of the board of directors · since 28 mai 2009 · until 28 mai 2015

Ended

At this address

Other companies at this address

Company	CBE no.
NELEN & DELBEKE● Active	0424.091.126
THYDEL-VAT GROUP● Active	0799.188.542

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	17/06/2026	03/07/2025	10/10/2024	26/09/2023	07/07/2022	14/07/2021
General meeting	28/05/2026	22/05/2025	29/05/2024	25/05/2023	26/05/2022	27/05/2021
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
Abridged model	31/12/2025	28/05/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	22/05/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/05/2024	10/10/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	26/09/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/12/2020	18/12/2020	Dutch	PDF
Abridged model	31/12/2018	23/05/2019	10/10/2019	Dutch	PDF
Abridged model	31/12/2017	24/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	25/05/2017	07/09/2017	Dutch	PDF
Abridged model	31/12/2015	26/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	22/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	23/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	24/05/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	22/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	24/05/2007	15/06/2007	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 · 1 active · 9 ended

Active mandates

Thierry Delbeke

Director

Active

Ended mandates

Thierry Delbeke

Chairman of the board of directors · since 28 mai 2015 · until 28 mai 2021

Ended

Dexter Delbeke

Director · since 25 mai 2015 · until 25 mai 2021

Ended

Caroline Rummeny

Director · since 28 mai 2009 · until 28 mai 2015

Ended

Thierry Delbeke

Chairman of the board of directors · since 28 mai 2009 · until 28 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Mandates19/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/03/2018
KAPITAAL - AANDELEN
PDF
Mandates04/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/02/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 2025125,4 k €↓
2024
Annual accounts 2024203,7 k €↓
2023
Annual accounts 2023211 k €↓
2022
Annual accounts 2022216,7 k €↓
2021
Annual accounts 2021326,2 k €↓
2020
Annual accounts 2020332,3 k €↑
2019
Annual accounts 201922,9 k €↑
2018
Annual accounts 201817,2 k €↑
2017
Annual accounts 20174,7 k €↑
2016
Annual accounts 2016-4,8 k €↑
2015
Annual accounts 2015-7,7 k €↑
2014
Annual accounts 2014-114,1 k €↑
2013
Annual accounts 2013-329,7 k €↓
2012
Annual accounts 2012185,6 k €↑
2011
Annual accounts 201157,5 k €↓
2010
Annual accounts 2010109,2 k €↓
2009
Annual accounts 2009248,9 k €↑
2008
Annual accounts 2008223,2 k €↑
2007
Annual accounts 2007112 k €↓
2006
Annual accounts 2006129,7 k €
09/04/2003
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

THYDEL

Overview

What does THYDEL 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