ACTIVE

THERAtRAME

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Financial year 2025 · Closed on 31/12/2025

Net result-2,1 M €-97,6 %over 1 year
Gross margin-869,3 k €-11 991,7 %over 1 year
Equity1,8 M €+126,3 %over 1 year
Workforce10,1 ETP+40,3 %over 1 year

Identity

Source · BCE/KBO

THERAtRAME is a Public limited company incorporated in 2022. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Liège. It employs on average 10,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0786.448.581
Incorporation
23/05/2022
Legal form
Public limited company
Registered office
Avenue de l'Hôpital 1
4000 Liège · WallonieSee on map
Contributed capital
2 476 525,48 €
Latest accounts
31/12/2025
Average workforce
10,1 ETP
Joint committees (2)
  • 200
  • 20000
Signals
Solid equityGood liquidityHealthy social debts

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202520242023
Income statement
Gross margin-869,3 k €7,3 k €-382,8 k €
EBITDA-1,6 M €-487,7 k €-546,5 k €
Operating result-2,6 M €-2 M €-2,1 M €
Net result-2,1 M €-1,1 M €-1,1 M €
Balance sheet
Equity1,8 M €774,8 k €1,8 M €
Total assets2,7 M €2,2 M €2,5 M €
Cash1,6 M €1,1 M €1,2 M €
Debts888,5 k €1,4 M €624,6 k €
Other
Workforce10,1 ETP7,2 ETP2,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jérôme Majoie
Director21/04/2026 → 21/04/2032
JCO Consulting0693.684.414Represented by Combalbert JEAN
Director14/04/2025 → 25/04/2031
QBIC VENTURE PARTNERS III0782.427.932Represented by VANDENWIJNGAERT SARA
Director04/09/2023 → 27/04/2029
Didier ALLAER
Director28/07/2022 → 28/07/2028
Marcus ZABEAU
Director28/07/2022 → 28/07/2028
NOSHAQ PARTNERS0808.219.836Represented by LIMBOURG MARLEEN
Director28/07/2022 → 28/07/2028
R&D CLOSE0783.455.736Represented by CLOSE PIERRE
Managing director28/07/2022 → 28/07/2028
RAPINO Management0783.455.142Represented by RAPINO FRANCESCA
Managing director28/07/2022 → 28/07/2028
VENTURE COACHING0480.168.905Represented by MATTIVI Didier
Director28/07/2022 → 28/07/2028

Other companies at this address

Avenue de l'Hôpital 1 4000 Liège
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0741.786.813
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0433.706.301
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0457.350.347
Bureau International d'Audiophonologie● Active
0408.297.645
CENTRE ANTICANCEREUX PRES L'UNIVERSITE DE LIEGE● Active
0410.083.534
Centre hospitalier universitaire de Liège● Active
0232.988.060
CHU-IMMO● Active
0768.320.073
CM4Cure● Active
0765.658.810
COLLARD XAVIER KINESITHERAPIE● Active
0762.550.553
Fondation Léon FREDERICQ - Fondation Hospitalo-Universitaire à Liège● Active
0690.874.184
Inokura● Active
0424.658.872

Full financial information

Source · NBB
202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202420/05/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months20 months
Filing date09/07/202621/08/202526/06/2024
General meeting05/06/202622/07/202530/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202609/07/2026FrenchPDF
Abridged model31/12/202422/07/202521/08/2025FrenchPDF
Abridged model31/12/202330/05/202426/06/2024FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

9 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jérôme Majoie
Director21/04/2026 → 21/04/2032
JCO Consulting0693.684.414Represented by Combalbert JEAN
Director14/04/2025 → 25/04/2031
QBIC VENTURE PARTNERS III0782.427.932Represented by VANDENWIJNGAERT SARA
Director04/09/2023 → 27/04/2029
Didier ALLAER
Director28/07/2022 → 28/07/2028
Marcus ZABEAU
Director28/07/2022 → 28/07/2028
NOSHAQ PARTNERS0808.219.836Represented by LIMBOURG MARLEEN
Director28/07/2022 → 28/07/2028
R&D CLOSE0783.455.736Represented by CLOSE PIERRE
Managing director28/07/2022 → 28/07/2028
RAPINO Management0783.455.142Represented by RAPINO FRANCESCA
Managing director28/07/2022 → 28/07/2028
VENTURE COACHING0480.168.905Represented by MATTIVI Didier
Director28/07/2022 → 28/07/2028

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/05/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares22/12/2025
    CAPITAL, ACTIONS
    PDF
  • Capital / shares23/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    PDF
  • Mandates09/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other25/05/2022
    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
Filings3 filings
Mandates
Jérôme Majoie
JCO Consulting
QBIC VENTURE PARTNERS III
VENTURE COACHING
RAPINO Management
R&D CLOSE
NOSHAQ PARTNERS
Didier ALLAER
Marcus ZABEAU
20222023202420252026202720282029203020312032
THERAtRAME
Avenue de l'Hôpital 1, 4000 Liège
Director
Director
Director
Director
Managing director
Managing director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue de l'Hôpital 1, 4000 LiègeCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00276862

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
THERAtRAMECurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00276862

Events

  1. 2025
    Annual accounts 2025-2,1 M €↓
  2. 2024
    Annual accounts 2024-1,1 M €↑
  3. 2023
    Annual accounts 2023-1,1 M €
  4. 23/05/2022
    IncorporationPublic limited company