ACTIVE

BUT THINES

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Financial year 2025 · Closed on 31/12/2025

Net result-20,9 k €+21,8 %over 1 year
Gross margin-9,7 k €+28,0 %over 1 year
Equity11,8 k €-63,9 %over 1 year

Identity

Source · BCE/KBO

BUT THINES is a Public limited company incorporated in 2018. Its main activity is: Development of building projects. Its registered office is in Wavre.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0707.924.905
Incorporation
08/10/2018
Legal form
Public limited company
Registered office
Rue de Champles 50
1301 Wavre · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Signals
Good liquidity

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20252024202320222022
Income statement
Gross margin-9,7 k €-13,5 k €-14 k €-6,7 k €-860 €
EBITDA-9,8 k €-14,5 k €-14,5 k €-7 k €-1,3 k €
Operating result-9,8 k €-14,5 k €-14,5 k €-7 k €-1,3 k €
Net result-20,9 k €-26,7 k €-26,2 k €-12,3 k €-1,5 k €
Balance sheet
Equity11,8 k €32,6 k €59,3 k €85,5 k €17,8 k €
Total assets267 k €275,4 k €340,7 k €352,7 k €265,1 k €
Cash704,4 €9,1 k €74,4 k €84,8 k €1,9 k €
Debts255,2 k €242,7 k €281,4 k €267,2 k €247,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Martine Rorif1008.634.704Represented by Martine Rorif
Director15/06/2024 → 05/06/2028
RisasoN0471.645.771Represented by Rik Neckebroeck
Director20/03/2024 → 05/06/2028
VAUBAN0838.114.246Represented by Gaëtan Hannecart
Director20/03/2024 → 05/06/2028
De Blauwhoeve0810.472.018Represented by Ivan Van de Maele
Director23/12/2022 → 05/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
PG CONSULTING0683.475.559Represented by Philip Goris
Director23/12/2022 → 2024 accounts
R.ORTMANS0891.530.661Represented by Régis Ortmans
Director23/12/2022 → 2024 accounts

Other companies at this address

Rue de Champles 50 1301 Wavre
CompanyCBE no.
I-DYLE● Active
0607.949.478
I-DYLE CONSTRUCT● Active
0612.951.710
MATEXI WALLONIE● Active
0501.965.793

Full financial information

Source · NBB
202520242023202220222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202231/03/2021
Length of the financial year12 months12 months12 months9 months12 months12 months
Filing date13/07/202602/07/202528/06/202423/06/202315/08/202210/02/2022
General meeting29/06/202620/06/202510/06/202416/06/202315/08/202230/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202613/07/2026FrenchPDF
Abridged model31/12/202420/06/202502/07/2025FrenchPDF
Abridged model31/12/202310/06/202428/06/2024FrenchPDF
Abridged model31/12/202216/06/202323/06/2023FrenchPDF
Micro model31/03/202215/08/202215/08/2022FrenchPDF
Abridged model31/03/202130/09/202110/02/2022FrenchPDF
Abridged model31/03/202030/09/202010/02/2022FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Martine Rorif1008.634.704Represented by Martine Rorif
Director15/06/2024 → 05/06/2028
RisasoN0471.645.771Represented by Rik Neckebroeck
Director20/03/2024 → 05/06/2028
VAUBAN0838.114.246Represented by Gaëtan Hannecart
Director20/03/2024 → 05/06/2028
De Blauwhoeve0810.472.018Represented by Ivan Van de Maele
Director23/12/2022 → 05/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
PG CONSULTING0683.475.559Represented by Philip Goris
Director23/12/2022 → 2024 accounts
R.ORTMANS0891.530.661Represented by Régis Ortmans
Director23/12/2022 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/01/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates07/10/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other10/10/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings7 filings
Mandates
Martine Rorif
RisasoN
VAUBAN
De Blauwhoeve
PG CONSULTING
Realize
R.ORTMANS
Françoise LEMAIRE
20182019202020212022202320242025202620272028
BUT THINES
Rue de Champles 50, 1301 Bierges
Director
Director
Director
Director
Director
Managing director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de Champles 50, 1301 BiergesCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00300833
Faubourg de Mons 86/1, 1400 Nivelles
accounts 2022
Accounts 2022 · 2022-20291892

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
BUT THINESCurrent
accounts 2020 → 2025
Accounts 2025 · 2026-00300833

Events

  1. 2025
    Annual accounts 2025-20,9 k €↑
  2. 2024
    Annual accounts 2024-26,7 k €↓
  3. 2023
    Annual accounts 2023-26,2 k €↓
  4. 2022
    Annual accounts 2022-12,3 k €↓
  5. 2022
    Annual accounts 2022-1,5 k €↓
  6. 2021
    Annual accounts 2021-702,5 €
  7. 2020
    Annual accounts 2020
  8. 08/10/2018
    IncorporationPublic limited company