ACTIVE

THred

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Financial year 2025 · closed on 31/12/2025
Net result
-25 k €
+58.8% YoY
Gross margin
-13 k €
+74.1% YoY
Equity
110,6 k €
-18.4% YoY

What does THred do?

THred is a Private limited company incorporated in 2013. Its main activity is: Real estate agencies. Its registered office is in Halle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0536.434.843
Incorporation
04/07/2013
Legal form
Private limited company
Registered office
Nieuwstraat 2 box 41
1500 Halle · FlandreSee on map
Contributed capital
12 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
68310Real estate agencies· main68311Real estate agencies41101Development of building projects68121Buying and selling of own real estate70200Management consultancy activities70220Business and other management consultancy activities
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin-13 k €-50,2 k €37,9 k €50,2 k €90,6 k €86,9 k €43,6 k €-15,8 k €11,6 k €46,7 k €77,1 k €50,7 k €
EBITDA-13,6 k €-50,8 k €37 k €49,9 k €85,2 k €86,3 k €42,7 k €-16,7 k €10,4 k €46 k €76 k €48,9 k €
Operating result-24,6 k €-60,1 k €29,7 k €16,4 k €77,1 k €82,3 k €36,1 k €-20,9 k €6,8 k €43,2 k €74 k €45,9 k €
Net result-25 k €-60,5 k €19,1 k €8,3 k €59,5 k €58,4 k €28,2 k €-21,4 k €2,2 k €26 k €45,7 k €27,5 k €
Balance sheet
Equity110,6 k €135,6 k €196,1 k €206,9 k €198,6 k €139,2 k €80,7 k €52,6 k €74 k €71,8 k €45,8 k €40 k €
Total assets136,7 k €161,5 k €232,1 k €219,6 k €328,9 k €168,9 k €99,1 k €59 k €97,5 k €102,3 k €127,8 k €70,2 k €
Cash991,7 €4,9 k €70,7 k €25 k €28,3 k €75,4 k €23,2 k €1,2 k €4,8 k €277,9 €34 k €52,3 k €
Debts26 k €25,9 k €36 k €12,7 k €130,3 k €29,7 k €18,4 k €5 k €22,1 k €29,2 k €82 k €19,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Antoon Johanna Honings

Director · since 03 juillet 2013

Active

Ended mandates

Antoon Johanna Honings

Director

Ended
Toon Honings

Director

Ended
Toon Honings

Manager

Ended
At this address

Other companies at this address

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INTER HOME● Active
0416.497.313
pro invest sluys & paridaens● Active
0886.856.053
Vereniging van mede-eigenaars Residentie Basiliek, Nieuwstraat 2 (voorheen Basiliekstraat 42) te 1500 Halle● Active
0698.673.578
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/08/202614/08/202530/08/202431/08/202330/09/202209/08/2021
General meeting30/06/202630/06/202528/08/202420/06/202328/09/202215/06/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202620/08/2026DutchPDF
Micro model31/12/202430/06/202514/08/2025DutchPDF
Micro model31/12/202328/08/202430/08/2024DutchPDF
Micro model31/12/202220/06/202331/08/2023DutchPDF
Micro model31/12/202128/09/202230/09/2022DutchPDF
Micro model31/12/202015/06/202109/08/2021DutchPDF
Micro model31/12/201916/06/202031/08/2020DutchPDF
Micro model31/12/201818/06/201927/08/2019DutchPDF
Micro model31/12/201719/06/201830/08/2018DutchPDF
Micro model31/12/201620/06/201731/08/2017DutchPDF
Abridged model31/12/201521/06/201626/08/2016DutchPDF
Abridged model31/12/201416/06/201508/07/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 ended

Active mandates

Antoon Johanna Honings

Director · since 03 juillet 2013

Active

Ended mandates

Antoon Johanna Honings

Director

Ended
Toon Honings

Director

Ended
Toon Honings

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/05/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/12/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office06/10/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/07/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-25 k €↑
  2. 2024
    Annual accounts 2024-60,5 k €↓
  3. 2023
    Annual accounts 202319,1 k €↑
  4. 2022
    Annual accounts 20228,3 k €↓
  5. 2021
    Annual accounts 202159,5 k €↑
  6. 2020
    Annual accounts 202058,4 k €↑
  7. 2019
    Annual accounts 201928,2 k €↑
  8. 2018
    Annual accounts 2018-21,4 k €↓
  9. 2017
    Annual accounts 20172,2 k €↓
  10. 2016
    Annual accounts 201626 k €↓
  11. 2015
    Annual accounts 201545,7 k €↑
  12. 2014
    Annual accounts 201427,5 k €
  13. 04/07/2013
    IncorporationPrivate limited company