ACTIVE

THIST

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Financial year 2025 · closed on 31/03/2025

Net result

1,3 M €

+1390.0% YoY

Gross margin

1,9 M €

+126.9% YoY

Equity

725,6 k €

-2.5% YoY

Workforce

3,5 ETP

-66.7% YoY

What does THIST do?

THIST is a Public limited company incorporated in 2016. Its main activity is: Architectural activities. Its registered office is in Tielt. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0662.622.242

Incorporation

15/09/2016

Legal form

Public limited company

Registered office

Gruuthusestraat 6 box 201
8700 Tielt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Average workforce

3,5 ETP

Activities (NACE)

71111Architectural activities· main 71111Architectural activities

Joint committees (2)

336
33600

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	1,9 M €	+127%	854 k €	+10.4%	773,2 k €	+12.8%	685,2 k €	+9.1%	628 k €	+17.4%	534,9 k €	+12.5%	475,3 k €	-10.0%	528,2 k €
EBITDA	1,8 M €	+660%	231,8 k €	-27.8%	320,9 k €	+41.3%	227,1 k €	-18.0%	277,2 k €	-3.7%	287,8 k €	+19.8%	240,3 k €	-8.4%	262,3 k €
Operating result	1,8 M €	+1351%	121 k €	-50.5%	244,7 k €	+70.0%	143,9 k €	-23.5%	188,2 k €	-3.8%	195,6 k €	+31.8%	148,4 k €	+47.5%	100,6 k €
Net result	1,3 M €	+1390%	89,6 k €	-46.4%	167,2 k €	+80.9%	92,4 k €	-25.8%	124,6 k €	+4.7%	119 k €	+33.7%	89 k €	+71.9%	51,8 k €
Balance sheet
Equity	725,6 k €	-2.5%	743,9 k €	+5.4%	706 k €	+31.0%	538,8 k €	+20.7%	446,4 k €	+38.7%	321,7 k €	+58.7%	202,8 k €	+78.2%	113,8 k €
Total assets	976,5 k €	-39.4%	1,6 M €	+39.1%	1,2 M €	+29.4%	894,6 k €	+3.6%	863,4 k €	-3.2%	891,7 k €	+3.4%	862,6 k €	-4.9%	907,1 k €
Cash	109,8 k €	+727%	13,3 k €	-90.3%	137 k €	-32.8%	203,7 k €	-3.4%	210,9 k €	+44.4%	146 k €	+43.9%	101,5 k €	+24.4%	81,6 k €
Debts	125 k €	-85.3%	850,3 k €	+88.2%	451,8 k €	+27.0%	355,6 k €	-13.9%	412,9 k €	-25.9%	556,9 k €	-15.6%	659,8 k €	-16.8%	793,3 k €
Other
Workforce	3,5 ETP	-66.7%	10,5 ETP	+10.5%	9,5 ETP	-2.1%	9,7 ETP	+22.8%	7,9 ETP	+71.7%	4,6 ETP	-4.2%	4,8 ETP	+11.6%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

Stijn VAN NIEUWENHOVE

Director · since 02 juillet 2022 · until 01 juillet 2028

Active

Thierry Demeyer

Director · since 02 juillet 2022 · until 01 juillet 2028

Active

Ended mandates

Stijn Van Nieuwenhove

Managing director · since 15 septembre 2016 · until 02 juillet 2022

Ended

Thierry Demeyer

Managing director · since 15 septembre 2016 · until 02 juillet 2022

Ended

At this address

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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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	30/10/2024	31/10/2023	04/11/2022	06/08/2021	10/11/2020
General meeting	27/10/2025	25/10/2024	01/07/2023	02/07/2022	03/07/2021	04/07/2020
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	27/10/2025	29/10/2025	Dutch	PDF
Abridged model	31/03/2024	25/10/2024	30/10/2024	Dutch	PDF
Abridged model	31/03/2023	01/07/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	02/07/2022	04/11/2022	Dutch	PDF
Abridged model	31/03/2021	03/07/2021	06/08/2021	Dutch	PDF
Abridged model	31/03/2020	04/07/2020	10/11/2020	Dutch	PDF
Abridged model	31/03/2019	06/07/2019	26/11/2019	Dutch	PDF
Abridged model	31/03/2018	07/07/2018	02/10/2018	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

Stijn VAN NIEUWENHOVE

Director · since 02 juillet 2022 · until 01 juillet 2028

Active

Thierry Demeyer

Director · since 02 juillet 2022 · until 01 juillet 2028

Active

Ended mandates

Stijn Van Nieuwenhove

Managing director · since 15 septembre 2016 · until 02 juillet 2022

Ended

Thierry Demeyer

Managing director · since 15 septembre 2016 · until 02 juillet 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other12/12/2016
DIVERSEN
PDF
Other19/09/2016
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

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 202489,6 k €↓
2024
Name changeTHIST
2023
Annual accounts 2023167,2 k €↑
2022
Annual accounts 202292,4 k €↓
2022
Name changeSONAR ARCHITECTEN
2021
Annual accounts 2021124,6 k €↑
2020
Annual accounts 2020119 k €↑
2019
Annual accounts 201989 k €↑
2018
Annual accounts 201851,8 k €
15/09/2016
IncorporationPublic 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

THIST

Overview

What does THIST do?

Trend over 8 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