ACTIVE

THSM

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Financial year 2025 · closed on 30/09/2025
Net result
4,7 k €
+227.9% YoY
Gross margin
18,7 k €
+630.1% YoY
Equity
4 k €
+681.5% YoY

What does THSM do?

THSM is a Private limited company incorporated in 2023. Its main activity is: Site preparation. Its registered office is in Waregem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0804.055.071
Incorporation
17/07/2023
Legal form
Private limited company
Registered office
Pontstraat 69
8791 Waregem · FlandreSee on map
Contributed capital
3 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
43120Site preparation· main43120Site preparation43240Electrical, plumbing and other construction installation activities43299Other construction installation43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.+6
Signals
ProfitablePositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Gross margin18,7 k €2,6 k €
EBITDA6,7 k €2,3 k €
Operating result5,8 k €-3,6 k €
Net result4,7 k €-3,7 k €
Balance sheet
Equity4 k €-692,8 €
Total assets16,2 k €24,9 k €
Cash6,5 k €2,2 k €
Debts12,2 k €25 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Thomas Mailliard

Director · since 17 juillet 2023

Active
Annual accounts

Full financial information

20252024
Type of accountMicro modelMicro model
Start of the financial year01/10/202417/07/2023
Closing of the financial year30/09/202530/09/2024
Length of the financial year12 months15 months
Filing date11/03/202601/04/2025
General meeting07/03/202601/03/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202507/03/202611/03/2026DutchPDF
Micro model30/09/202401/03/202501/04/2025DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Thomas Mailliard

Director · since 17 juillet 2023

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other20/07/2023
    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 20254,7 k €↑
  2. 2024
    Annual accounts 2024-3,7 k €
  3. 17/07/2023
    IncorporationPrivate limited company