ACTIVE

Thearth Belgium

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result295,4 k €-43,8 %over 1 year
Gross margin115,5 k €-80,5 %over 1 year
Equity5,5 M €+5,6 %over 1 year

Identity

Source · BCE/KBO

Thearth Belgium is a Private limited company incorporated in 2016. Its main activity is: Public relations and communication activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0651.943.037
Incorporation
15/04/2016
Legal form
Private limited company
Registered office
Kortrijksesteenweg 1126
9051 Gent · FlandreSee on map
Contributed capital
59 894,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 10 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin115,5 k €592 k €1,9 M €6,1 M €7 k €
EBITDA84,7 k €493 k €1,5 M €4,1 M €4,7 k €
Operating result73,9 k €482 k €1,5 M €4,1 M €2,9 k €
Net result295,4 k €525,6 k €1,3 M €3,4 M €5,4 k €
Balance sheet
Equity5,5 M €5,2 M €4,7 M €3,4 M €72,6 k €
Total assets5,7 M €5,4 M €4,8 M €4,7 M €4,1 M €
Cash23,3 k €181,2 k €2,5 M €2,1 M €2,1 k €
Debts152,9 k €192,2 k €106,9 k €1,2 M €4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Jie Hu

Director

Active

Ended mandates

Jie Hu

Director · since 23 juin 2020

Ended
Yuanzhi Wang

Director · since 15 avril 2016 · until 23 juin 2020

Ended
Wang Yuanzhi

Manager

Ended

Other companies at this address

Kortrijksesteenweg 1126 9051 Gent
CompanyCBE no.
AWELL HEALTH● Active
0696.819.789
B-expert services● Active
0420.017.819
CAMTEK (EUROPE)● Active
0461.149.183
CIC Operations Brussels Airport● Active
1026.749.750
COVERCO INVEST● Active
0876.154.280
FOSSIL BELGIUM● Active
0806.029.814
FOSSIL STORES BELGIUM● Active
0896.351.066
INSIDEREG● Active
1040.373.795
Intercontinental Dental Belgium● Active
1020.491.567
INTERNATIONAL ADHESIVES BELGIE● Active
0440.424.837
ISTEC INTERNATIONAL● Active
0807.125.221
KINETIEK● Active
0864.138.455
KJARON● Active
0895.836.273
Le Carbone, Société Anonyme Belge● Active
0401.872.285
Liger Trading Services● Active
0636.874.383
LUCTOR BELTING BELGIE● Active
0430.605.071
MARIE DUPONT● Active
0473.461.552
NOREVA BE● Active
0647.650.984
ORBAN MICROWAVE PRODUCTS● Active
0459.969.644
PKF Belgium● Active
1012.839.653

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/07/202631/08/202529/07/202431/07/202330/08/202230/08/2021
General meeting30/06/202630/06/202528/06/202430/06/202330/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/07/2026DutchPDF
Abridged model31/12/202430/06/202531/08/2025DutchPDF
Abridged modelCorrection31/12/202328/06/202429/07/2024DutchPDF
Abridged model31/12/202316/05/202428/06/2024DutchPDF
Abridged model31/12/202230/06/202331/07/2023DutchPDF
Abridged model31/12/202130/06/202230/08/2022DutchPDF
Abridged model31/12/202024/06/202130/08/2021DutchPDF
Micro model31/12/201930/06/202020/07/2021DutchPDF
Micro model31/12/201828/06/201921/10/2019DutchPDF
Micro model31/12/201722/08/201827/12/2018DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Jie Hu

Director

Active

Ended mandates

Jie Hu

Director · since 23 juin 2020

Ended
Yuanzhi Wang

Director · since 15 avril 2016 · until 23 juin 2020

Ended
Wang Yuanzhi

Manager

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office04/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN
    PDF
  • Mandates28/10/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/07/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/10/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares29/11/2016
    KAPITAAL - AANDELEN
    PDF
  • Other08/07/2016
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other19/04/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025295,4 k €↓
  2. 2024
    Annual accounts 2024525,6 k €↓
  3. 2023
    Annual accounts 20231,3 M €↓
  4. 2023
    Name changeThearth Belgium
  5. 2022
    Annual accounts 20223,4 M €↑
  6. 2021
    Annual accounts 20215,4 k €↓
  7. 2021
    Name changeBelgium China Connect
  8. 2018
    Annual accounts 201831,8 k €↑
  9. 2017
    Annual accounts 2017-145,2 k €
  10. 15/04/2016
    IncorporationPrivate limited company