ACTIVE

ThorbiQ

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Financial year 2025 · closed on 31/12/2025
Net result
-305,4 k €
-65.5% YoY
Gross margin
371,3 k €
-27.9% YoY
Equity
81,4 k €
+148.0% YoY
Workforce
3,3 ETP
-19.5% YoY

What does ThorbiQ do?

ThorbiQ is a Public limited company incorporated in 2016. Its main activity is: Other software publishing. Its registered office is in Lokeren. It employs on average 3,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0667.737.607
Incorporation
15/12/2016
Legal form
Public limited company
Registered office
Oosteindestraat 15C
9160 Lokeren · FlandreSee on map
Contributed capital
1 884 207,18 €
Latest accounts
31/12/2025
Average workforce
3,3 ETP
Activities (NACE)
58290Other software publishing· main58290Other software publishing62010Computer programming activities62100Computer programming, consultancy and related activities62010Computer programming activities62100Computer programming, consultancy and related activities+4
Joint committees (2)
  • 100
  • 200
Signals
Positive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin371,3 k €514,8 k €611,1 k €648,0 k €421,2 k €162,6 k €147,0 k €59,3 k €-33,1 k €
EBITDA118,1 k €234,1 k €156,4 k €263,7 k €185,6 k €-30,8 k €-8,8 k €-46,4 k €-34,2 k €
Operating result-272,5 k €-126,9 k €-174,0 k €-22,2 k €-100,6 k €-273,3 k €-232,4 k €-208,1 k €-147,1 k €
Net result-305,4 k €-184,5 k €-202,1 k €-34,9 k €-173,8 k €-286,2 k €-248,5 k €-220,2 k €-147,2 k €
Balance sheet
Equity81,4 k €-169,6 k €14,9 k €216,9 k €251,8 k €-477,1 k €-190,9 k €57,5 k €277,8 k €
Total assets1,1 M €1,3 M €1,4 M €1,4 M €1,1 M €868,7 k €867,0 k €728,4 k €501,5 k €
Cash37,7 k €11,3 k €31,3 k €79,2 k €84,7 k €109,9 k €95,3 k €109,2 k €31,4 k €
Debts884,8 k €1,3 M €1,2 M €1,1 M €734,5 k €1,3 M €1,1 M €670,9 k €223,7 k €
Other
Workforce3,3 ETP4,1 ETP5,7 ETP6,0 ETP3,8 ETP3,0 ETP–2,3 ETP–
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 · 5 active · 22 ended

Active mandates

Filip Staelens

Director · since 15 mai 2025 · until 07 juin 2030

Active
Kristof Haerens

Managing director · since 15 mai 2025 · until 07 juin 2030

Active
Pilot Consult

Director · since 15 mai 2025 · until 07 juin 2030 · 0466.337.891

Represented by Verbeke Jan Roger J

Active
Pol Parmentier

Director · since 15 mai 2025 · until 07 juin 2030

Active
WITAS

Director · since 18 juillet 2023 · until 15 mai 2025 · 0866.377.274

Represented by Wim TAS

Active

Ended mandates

Pol Permentier

Director · since 15 mai 2025 · until 07 juin 2030

Ended
Ronald Foncé

Director · since 24 juin 2021

Ended
SCHOCKAERT TECHNICAL & COORDINATION

Director · since 01 juin 2018 · 0477.458.843

Represented by Antoine Schokaert

Ended
SCHOCKAERT TECHNICAL & COORDINATION

Director · since 01 juin 2018 · 0477.458.843

Represented by Antoine Schockaert

Ended
Annual accounts

Full financial information

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 date30/07/202625/07/202502/07/202425/07/202310/06/202229/07/2021
General meeting17/07/202618/07/202507/06/202418/07/202303/06/202228/07/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/07/202630/07/2026DutchPDF
Abridged model31/12/202418/07/202525/07/2025DutchPDF
Abridged model31/12/202307/06/202402/07/2024DutchPDF
Abridged model31/12/202218/07/202325/07/2023DutchPDF
Abridged model31/12/202103/06/202210/06/2022DutchPDF
Abridged model31/12/202028/07/202129/07/2021DutchPDF
Micro model31/12/201930/06/202031/07/2020DutchPDF
Abridged model31/12/201807/06/201930/07/2019DutchPDF
Micro model31/12/201701/06/201803/07/2018DutchPDF
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 · 5 active · 22 ended

Active mandates

Filip Staelens

Director · since 15 mai 2025 · until 07 juin 2030

Active
Kristof Haerens

Managing director · since 15 mai 2025 · until 07 juin 2030

Active
Pilot Consult

Director · since 15 mai 2025 · until 07 juin 2030 · 0466.337.891

Represented by Verbeke Jan Roger J

Active
Pol Parmentier

Director · since 15 mai 2025 · until 07 juin 2030

Active
WITAS

Director · since 18 juillet 2023 · until 15 mai 2025 · 0866.377.274

Represented by Wim TAS

Active

Ended mandates

Pol Permentier

Director · since 15 mai 2025 · until 07 juin 2030

Ended
Ronald Foncé

Director · since 24 juin 2021

Ended
SCHOCKAERT TECHNICAL & COORDINATION

Director · since 01 juin 2018 · 0477.458.843

Represented by Antoine Schokaert

Ended
SCHOCKAERT TECHNICAL & COORDINATION

Director · since 01 juin 2018 · 0477.458.843

Represented by Antoine Schockaert

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/05/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares13/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates25/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2017
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other19/12/2016
    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

Timeline

  1. 2025
    Annual accounts 2025-305,4 k €↓
  2. 2024
    Annual accounts 2024-184,5 k €↑
  3. 2023
    Annual accounts 2023-202,1 k €↓
  4. 2022
    Annual accounts 2022-34,9 k €↑
  5. 2021
    Annual accounts 2021-173,8 k €↑
  6. 2020
    Annual accounts 2020-286,2 k €↓
  7. 2019
    Annual accounts 2019-248,5 k €↓
  8. 2018
    Annual accounts 2018-220,2 k €↓
  9. 2017
    Annual accounts 2017-147,2 k €
  10. 15/12/2016
    IncorporationPublic limited company