ACTIVE

THIMACO

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Financial year 2025 · closed on 31/03/2025

Net result

15,3 k €

-75.6% YoY

Gross margin

245,1 k €

-15.1% YoY

Equity

342,2 k €

+4.7% YoY

Workforce

2,0 ETP

0.0% YoY

What does THIMACO do?

THIMACO is a Private limited company incorporated in 2009. Its main activity is: Joinery installation. Its registered office is in Waregem. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0816.613.801

Incorporation

29/06/2009

Legal form

Private limited company

Registered office

Kerkdreef 1
8791 Waregem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2025

Average workforce

2,0 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 47750Retail sale of cosmetic and toilet articles in specialised stores 47750Retail sale of cosmetic and toilet articles in specialised stores 96021Hairdressing and other beauty treatment 96022Hairdressing and other beauty treatment+2

Joint committees (4)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	245,1 k €	-15.1%	288,6 k €	+1.4%	284,6 k €	+39.4%	204,1 k €	-37.5%	326,8 k €	-10.3%	364,2 k €	+11.9%	325,6 k €	+25.1%	260,3 k €	+28.1%	203,3 k €	-11.4%	229,3 k €	+106%	111,6 k €	+37.8%	81 k €	-39.7%	134,2 k €
EBITDA	93,7 k €	-37.0%	148,7 k €	+29.3%	115 k €	+166%	43,3 k €	-63.8%	119,5 k €	-25.8%	161 k €	-11.7%	182,2 k €	+42.7%	127,7 k €	+3.5%	123,4 k €	+121%	55,9 k €	-35.5%	86,7 k €	+23.4%	70,3 k €	-41.5%	120,1 k €
Operating result	36,5 k €	-58.0%	87 k €	+38.0%	63 k €	+741%	7,5 k €	-87.3%	59,2 k €	-38.3%	96,1 k €	-10.3%	107,1 k €	+68.9%	63,4 k €	-3.5%	65,8 k €	+4612%	1,4 k €	-97.4%	53,9 k €	+44.0%	37,5 k €	-9.7%	41,5 k €
Net result	15,3 k €	-75.6%	62,8 k €	+43.8%	43,7 k €	+2339%	-2 k €	-107%	27,7 k €	-29.8%	39,5 k €	-23.6%	51,7 k €	+141%	21,4 k €	-12.0%	24,3 k €	+535%	-5,6 k €	-118%	30,9 k €	+74.5%	17,7 k €	-33.7%	26,7 k €
Balance sheet
Equity	342,2 k €	+4.7%	326,9 k €	+23.8%	264 k €	+19.8%	220,4 k €	+33.7%	164,9 k €	+3.8%	158,8 k €	+33.1%	119,3 k €	+76.3%	67,7 k €	+46.2%	46,3 k €	+111%	22 k €	-71.7%	77,6 k €	+66.3%	46,6 k €	+41.7%	32,9 k €
Total assets	1,2 M €	+1.1%	1,2 M €	-8.3%	1,3 M €	+19.9%	1 M €	-26.7%	1,4 M €	+53.9%	928,3 k €	+0.1%	927,5 k €	+11.9%	828,7 k €	-1.4%	840,5 k €	-12.2%	957,4 k €	+235%	285,6 k €	+74.9%	163,3 k €	-13.8%	189,5 k €
Cash	59,5 k €	+66.4%	35,8 k €	+9.0%	32,8 k €	-33.6%	49,4 k €	-34.3%	75,3 k €	-47.9%	144,6 k €	+7.7%	134,2 k €	+187%	46,8 k €	-51.4%	96,3 k €	+21.3%	79,3 k €	+90.1%	41,7 k €	+32.6%	31,5 k €	+28.6%	24,5 k €
Debts	815 k €	-0.4%	818,1 k €	-17.1%	987 k €	+21.3%	813,4 k €	-35.7%	1,3 M €	+64.4%	769,1 k €	-4.7%	807 k €	+6.1%	760,9 k €	-4.2%	794,2 k €	-15.1%	935,4 k €	+350%	207,9 k €	+79.2%	116 k €	-25.9%	156,6 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	-6.7%	3,0 ETP	-25.0%	4,0 ETP	-2.4%	4,1 ETP	+28.1%	3,2 ETP	+18.5%	2,7 ETP	+58.8%	1,7 ETP	-37.0%	2,7 ETP	+350%	0,6 ETP	+200%	0,2 ETP	0.0%	0,2 ETP

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 31/03/2025 · 2 active · 4 ended

Active mandates

Belinda Blomme

Director · since 01 avril 2012

Active

Geert Laverge

Director · since 29 juin 2009

Active

Ended mandates

Belinda Blomme

Manager · since 01 avril 2012

Ended

Geert Laverge

Manager · since 29 juin 2009

Ended

Belinda Blomme

Manager

Ended

Geert Laverge

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2025	28/10/2024	26/09/2023	30/09/2022	29/09/2021	12/11/2020
General meeting	27/06/2025	30/09/2024	15/09/2023	16/09/2022	17/09/2021	16/10/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	27/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/03/2024	30/09/2024	28/10/2024	Dutch	PDF
Abridged model	31/03/2023	15/09/2023	26/09/2023	Dutch	PDF
Abridged model	31/03/2022	16/09/2022	30/09/2022	Dutch	PDF
Abridged model	31/03/2021	17/09/2021	29/09/2021	Dutch	PDF
Abridged model	31/03/2020	16/10/2020	12/11/2020	Dutch	PDF
Abridged model	31/03/2019	27/09/2019	24/10/2019	Dutch	PDF
Abridged model	31/03/2018	21/09/2018	25/10/2018	Dutch	PDF
Abridged model	31/03/2017	15/09/2017	25/09/2017	Dutch	PDF
Abridged model	31/03/2016	16/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	18/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	19/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	21/09/2012	24/10/2012	Dutch	PDF
Abridged model	31/03/2011	16/09/2011	30/09/2011	Dutch	PDF

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 31/03/2025 · 2 active · 4 ended

Active mandates

Belinda Blomme

Director · since 01 avril 2012

Active

Geert Laverge

Director · since 29 juin 2009

Active

Ended mandates

Belinda Blomme

Manager · since 01 avril 2012

Ended

Geert Laverge

Manager · since 29 juin 2009

Ended

Belinda Blomme

Manager

Ended

Geert Laverge

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/03/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other10/07/2009
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

2025
Annual accounts 202515,3 k €↓
2024
Annual accounts 202462,8 k €↑
2023
Annual accounts 202343,7 k €↑
2022
Annual accounts 2022-2 k €↓
2019
Annual accounts 201927,7 k €↓
2018
Annual accounts 201839,5 k €↓
2017
Annual accounts 201751,7 k €↑
2016
Annual accounts 201621,4 k €↓
2015
Annual accounts 201524,3 k €↑
2014
Annual accounts 2014-5,6 k €↓
2013
Annual accounts 201330,9 k €↑
2012
Annual accounts 201217,7 k €↓
2011
Annual accounts 201126,7 k €
29/06/2009
IncorporationPrivate 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

THIMACO

Overview

What does THIMACO do?

Trend over 13 financial years

Indicative valuation

Board of directors

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