ACTIVE

THULA & THULA

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Financial year 2025 · closed on 31/12/2025
Net result
16,8 k €
-99.8% YoY
Gross margin
-250,6 k €
-504.6% YoY
Equity
23,5 M €
-2.3% YoY

What does THULA & THULA do?

THULA & THULA is a Public limited company incorporated in 2009. Its main activity is: Support activities for animal production. Its registered office is in Oudenaarde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0818.188.664
Incorporation
01/09/2009
Legal form
Public limited company
Registered office
Ronseweg 66 box 2/21
9700 Oudenaarde · FlandreSee on map
Contributed capital
372 190,00 €
Latest accounts
31/12/2025
Activities (NACE)
01620Support activities for animal production· main01620Support activities for animal production68203Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate
Joint committees (1)
  • 144
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin-250,6 k €-41,5 k €––––––––––––––
EBITDA-317,1 k €-103,6 k €-49 k €-45,6 k €1,8 k €26,9 k €-114,5 k €59 k €42,5 k €45,2 k €71,9 k €9,7 k €-3,3 k €45 k €67,7 k €7,5 k €
Operating result-337,2 k €-119 k €-66,2 k €-79,8 k €-70,7 k €-31 k €-184,1 k €29,7 k €30,2 k €32,5 k €27,8 k €-19,7 k €-32,6 k €18 k €59,6 k €7,5 k €
Net result16,8 k €10 M €586,6 k €2,5 M €2,3 M €1,5 M €1,8 M €385,5 k €3,1 M €2,8 M €1,3 M €2,6 M €50,2 k €973,1 k €184,7 k €124,5 k €
Balance sheet
Equity23,5 M €24 M €14,1 M €13,7 M €11,8 M €10,3 M €9,1 M €7,5 M €7,1 M €6 M €4,4 M €5,3 M €5,1 M €5,1 M €4,4 M €4,4 M €
Total assets24 M €25,2 M €14,3 M €14,4 M €12,7 M €10,6 M €9,3 M €7,8 M €9,7 M €6,9 M €5,9 M €5,7 M €5,7 M €5,9 M €5,2 M €5 M €
Cash2,3 M €7,9 M €1,4 M €6,2 M €5,5 M €5 M €3,9 M €2,7 M €4,1 M €1,4 M €46,3 k €413,6 k €5 k €787 €2,5 k €13,4 k €
Debts583,3 k €1,2 M €242,5 k €625,8 k €956,5 k €316,8 k €203,7 k €311,5 k €2,6 M €870,8 k €1,4 M €384,2 k €536,2 k €835 k €696,9 k €571,6 k €
Other
Workforce––0,5 ETP0,2 ETP––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

SORRIS-SORRIS

Managing director · since 16 décembre 2024 · 0735.607.517

Represented by MARK CALLEBERT

Active

Ended mandates

MARC CALLEBERT

Director · since 04 décembre 2019 · until 17 juin 2025

Ended
MARK CALLEBERT

Director · since 04 décembre 2019

Ended
SORRIS-SORRIS

Director · since 04 décembre 2019 · until 17 juin 2025 · 0735.607.517

Represented by GRETA CAUWELIER

Ended
SORRIS-SORRIS

Director · since 04 décembre 2019 · 0735.607.517

Represented by GRETA CAUWELIER

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202601/07/202527/06/202417/07/202307/07/202230/06/2021
General meeting16/06/202617/06/202518/06/202420/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/06/202607/07/2026DutchPDF
Micro model31/12/202417/06/202501/07/2025DutchPDF
Full model31/12/202318/06/202427/06/2024DutchPDF
Full model31/12/202220/06/202317/07/2023DutchPDF
Full model31/12/202121/06/202207/07/2022DutchPDF
Full model31/12/202015/06/202130/06/2021DutchPDF
Full model31/12/201916/06/202026/06/2020DutchPDF
m120-f-p31/12/201916/06/202025/06/2020DutchPDF
Full model31/12/201818/06/201901/07/2019DutchPDF
m120-f-p31/12/201818/06/201903/07/2019DutchPDF
Full model31/12/201719/06/201822/06/2018DutchPDF
m120-f-p31/12/201719/06/201826/06/2018DutchPDF
Full model31/12/201620/06/201727/06/2017DutchPDF
m120-f-p31/12/201620/06/201727/06/2017DutchPDF
Full model31/12/201521/06/201608/07/2016DutchPDF
m120-f-p31/12/201521/06/201608/07/2016DutchPDF
Full model30/06/201420/09/201416/10/2014DutchPDF
Full model30/06/201321/09/201321/10/2013DutchPDF
Full model30/06/201215/09/201212/10/2012DutchPDF
Full model30/06/201117/09/201120/10/2011DutchPDF
Full model30/06/201018/09/201014/10/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

SORRIS-SORRIS

Managing director · since 16 décembre 2024 · 0735.607.517

Represented by MARK CALLEBERT

Active

Ended mandates

MARC CALLEBERT

Director · since 04 décembre 2019 · until 17 juin 2025

Ended
MARK CALLEBERT

Director · since 04 décembre 2019

Ended
SORRIS-SORRIS

Director · since 04 décembre 2019 · until 17 juin 2025 · 0735.607.517

Represented by GRETA CAUWELIER

Ended
SORRIS-SORRIS

Director · since 04 décembre 2019 · 0735.607.517

Represented by GRETA CAUWELIER

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring31/01/2025
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring12/11/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates18/12/2019
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares29/11/2017
    KAPITAAL - AANDELEN
    PDF
  • Mandates20/07/2015
    BOEKJAAR - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares24/10/2013
    KAPITAAL - AANDELEN
    PDF
  • Mandates23/10/2009
    ONTSLAGEN - BENOEMINGEN
    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 202516,8 k €↓
  2. 2024
    Annual accounts 202410 M €↑
  3. 2023
    Annual accounts 2023586,6 k €↓
  4. 2022
    Annual accounts 20222,5 M €↑
  5. 2021
    Annual accounts 20212,3 M €↑
  6. 2020
    Annual accounts 20201,5 M €↓
  7. 2019
    Annual accounts 20191,8 M €↑
  8. 2018
    Annual accounts 2018385,5 k €↓
  9. 2017
    Annual accounts 20173,1 M €↑
  10. 2016
    Annual accounts 20162,8 M €↑
  11. 2015
    Annual accounts 20151,3 M €↓
  12. 2014
    Annual accounts 20142,6 M €↑
  13. 2013
    Annual accounts 201350,2 k €↓
  14. 2012
    Annual accounts 2012973,1 k €↑
  15. 2011
    Annual accounts 2011184,7 k €↑
  16. 2010
    Annual accounts 2010124,5 k €
  17. 01/09/2009
    IncorporationPublic limited company