Thunder Holdco BE (SA) — Gent (9051)

Identity

Source · BCE/KBO

Thunder Holdco BE is a Public limited company incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0719.315.376
Incorporation: 23/01/2019
Legal form: Public limited company
Registered office: Pauline Van Pottelsberghelaan 10
9051 Gent · FlandreSee on map
Contributed capital: 60 384 074,22 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityLow risk

Financials

Source · NBB, 7 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-217,8 k €	-82.8%	-119,1 k €	+97.1%	-4,2 M €	-259%	-1,2 M €	-42.6%	-813,9 k €
Operating result	-217,8 k €	-82.8%	-119,1 k €	+97.1%	-4,2 M €	-259%	-1,2 M €	-42.6%	-813,9 k €
Net result	-1,8 M €	-107%	-869,1 k €	+75.2%	-3,5 M €	-1280%	296,5 k €	-89.3%	2,8 M €
Balance sheet
Equity	59,8 M €	-12.1%	68 M €	+7.9%	63 M €	-5.3%	66,5 M €	+0.4%	66,2 M €
Total assets	91,3 M €	-0.0%	91,3 M €	-0.0%	91,3 M €	+9.1%	83,7 M €	-0.0%	83,7 M €
Cash	45,7 k €	-36.9%	72,4 k €	-10.9%	81,2 k €	+404%	16,1 k €	-70.1%	54 k €
Debts	30,3 M €	+30.3%	23,2 M €	-17.6%	28,2 M €	+64.6%	17,1 M €	-1.6%	17,4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 12 ended

Active mandates

Heider Ridha

Director · since 19 décembre 2023 · until 28 juin 2030

Active

Marc Janssens

Director · since 23 décembre 2020 · until 28 juin 2030

Active

Filiep Balcaen

Chairman of the board of directors · since 23 janvier 2019 · until 28 juin 2030

Active

Ended mandates

Heider Ridha

Director · since 19 décembre 2023 · until 28 juin 2024

Ended

CORAL & WALLACE

Director · since 10 décembre 2021 · until 19 décembre 2023 · 0897.591.280

Represented by Jan Vergote

Ended

CORAL & WALLACE

Director · since 10 décembre 2021 · until 28 juin 2024 · 0897.591.280

Represented by Jan Vergote

Ended

Marc Janssens

Director · since 23 décembre 2020 · until 28 juin 2024

Ended

Other companies at this address

Pauline Van Pottelsberghelaan 10 9051 Gent

Company	CBE no.
226 INVEST● Active	1039.768.041
ARCHIMEDES OFFICES● Active	0778.865.854
ARDENO● Active	0766.286.934
ARGIBEL● Active	0419.150.757
AtlantaCo● Active	0635.989.606
Avenue Building● Active	0838.744.449
AXS Liège● Active	0805.568.667
Balmaris Holdco● Active	1036.438.070
BALTAIR● Active	0723.772.626
BALTISSE● Active	0885.922.180
Baltisse Abacus● Active	1015.606.826
Baltisse Management Incentive● Active	1034.175.594
Baltisse Real Estate● Active	0866.682.528
Baltisse Real Estate Investments● Active	0788.252.979
BBSD25● Active	1032.209.266
BLUE LINE STORAGE● Active	0734.703.437
BUILDING● Active	0435.543.856
Clara Construct● Active	1031.918.662
De Veste● Active	0792.431.602
De Veste Monument● Active	1010.243.914

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	04/07/2025	16/07/2024	13/07/2023	11/07/2022	19/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	19/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	22/07/2020	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

3 active · 12 ended

Active mandates

Heider Ridha

Director · since 19 décembre 2023 · until 28 juin 2030

Active

Marc Janssens

Director · since 23 décembre 2020 · until 28 juin 2030

Active

Filiep Balcaen

Chairman of the board of directors · since 23 janvier 2019 · until 28 juin 2030

Active

Ended mandates

Heider Ridha

Director · since 19 décembre 2023 · until 28 juin 2024

Ended

CORAL & WALLACE

Director · since 10 décembre 2021 · until 19 décembre 2023 · 0897.591.280

Represented by Jan Vergote

Ended

CORAL & WALLACE

Director · since 10 décembre 2021 · until 28 juin 2024 · 0897.591.280

Represented by Jan Vergote

Ended

Marc Janssens

Director · since 23 décembre 2020 · until 28 juin 2024

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Other07/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other12/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates21/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025-1,8 M €↓
27/06/2025
reconductionFinvision Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 2024-869,1 k €↑
28/06/2024
reconductionFiliep Balcaen — Bestuurders en Voorzitter van de Raad van Bestuur
28/06/2024
reconductionMarc Janssens — bestuurder
28/06/2024
reconductionHeider Ridha — bestuurder
28/06/2024
reconductionMaciej Szamborski — bestuurder
11/04/2024
augmentation_capital
2023
Annual accounts 2023-3,5 M €↓
19/12/2023
nominationHeider Ridha — B-bestuurder
2022
Annual accounts 2022296,5 k €↓
24/06/2022
nominationFinvision Bedrijfsrevisoren Waregem BV — commissaris
2021
Annual accounts 20212,8 M €↓
2020
Annual accounts 20206 M €↑
2019
Annual accounts 20192,9 M €
23/01/2019
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

Thunder Holdco BE

Overview

Identity

Financials

Valuation

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

Timeline