ACTIVE

THOREM

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Financial year 2025 · closed on 31/12/2025
Net result
301,4 k €
-24.8% YoY
Gross margin
709,2 k €
-7.5% YoY
Equity
983,6 k €
-4.7% YoY
Workforce
1,8 ETP
+20.0% YoY

What does THOREM do?

THOREM is a Private limited company incorporated in 2009. Its registered office is in Wevelgem. It employs on average 1,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0820.742.635
Incorporation
17/11/2009
Legal form
Private limited company
Registered office
Pijplap 132 box C
8560 Wevelgem · FlandreSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Joint committees (1)
  • 11600
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220202019201820172016201520142013201220112010
Income statement
Gross margin709,2 k €766,4 k €468,4 k €200,5 k €167,1 k €96,9 k €132,4 k €64,5 k €86,8 k €80,2 k €108,8 k €-44,7 k €60,8 k €73,8 k €8,8 k €
EBITDA608,0 k €696,6 k €427,7 k €198,9 k €165,6 k €95,4 k €130,5 k €62,6 k €84,8 k €77,1 k €107,7 k €-45,8 k €60,2 k €72,7 k €7,7 k €
Operating result407,0 k €541,2 k €326,0 k €130,1 k €119,8 k €51,0 k €90,3 k €23,1 k €8,6 k €750,0 €12,7 k €-134,8 k €-3,5 k €36,1 k €-19,5 k €
Net result301,4 k €401,1 k €216,2 k €81,9 k €83,2 k €42,3 k €82,5 k €16,2 k €1,0 k €-5,5 k €5,8 k €-130,7 k €-13,3 k €31,5 k €-18,0 k €
Balance sheet
Equity983,6 k €1,0 M €631,1 k €414,9 k €245,2 k €162,0 k €119,6 k €37,1 k €20,9 k €19,8 k €25,3 k €19,5 k €150,2 k €38,5 k €7,0 k €
Total assets1,7 M €1,4 M €1,1 M €656,9 k €413,6 k €439,4 k €437,6 k €448,0 k €439,5 k €507,4 k €571,7 k €523,7 k €337,8 k €167,4 k €108,9 k €
Cash399,4 k €332,1 k €323,5 k €225,7 k €38,9 k €43,0 k €41,8 k €55,6 k €48,8 k €29,8 k €29,7 k €28,2 k €95,3 k €46,4 k €7,7 k €
Debts683,0 k €365,9 k €497,3 k €235,3 k €168,4 k €277,4 k €317,9 k €410,7 k €418,4 k €487,5 k €546,4 k €494,4 k €187,6 k €128,9 k €101,9 k €
Other
Workforce1,8 ETP1,5 ETP0,9 ETP––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

JuCyDe

Director · since 01 décembre 2025 · 1030.973.210

Represented by Jürgen Degrande

Active
TUBUS

Director · since 01 décembre 2025 · 1029.634.214

Represented by Vincent Meul De Raeve

Active

Ended mandates

Thomas Vervisch

Director · since 24 décembre 2020

Ended
JÜRGEN DEGRANDE

Director · since 17 novembre 2009

Ended
MICHEL VERVISCH

Director · since 17 novembre 2009

Ended
Jurgen Degrande

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
TUBUS● Active
1029.634.214
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelAbridged modelMicro 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 date29/04/202611/04/202510/04/202416/05/202314/03/202207/04/2021
General meeting15/04/202603/03/202502/03/202404/03/202305/03/202206/03/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/04/202629/04/2026DutchPDF
Abridged model31/12/202403/03/202511/04/2025DutchPDF
Abridged model31/12/202302/03/202410/04/2024DutchPDF
Micro model31/12/202204/03/202316/05/2023DutchPDF
Abridged model31/12/202105/03/202214/03/2022DutchPDF
Micro model31/12/202006/03/202107/04/2021DutchPDF
Micro model31/12/201907/03/202006/04/2020DutchPDF
Micro model31/12/201802/03/201909/04/2019DutchPDF
Micro model31/12/201726/06/201828/06/2018DutchPDF
Micro model31/12/201604/03/201707/04/2017DutchPDF
Abridged model31/12/201505/03/201631/03/2016DutchPDF
Abridged model31/12/201407/03/201507/04/2015DutchPDF
Abridged model31/12/201305/04/201423/04/2014DutchPDF
Abridged model31/12/201202/03/201310/06/2013DutchPDF
Abridged model31/12/201103/03/201213/07/2012DutchPDF
Abridged model31/12/201005/03/201104/07/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

JuCyDe

Director · since 01 décembre 2025 · 1030.973.210

Represented by Jürgen Degrande

Active
TUBUS

Director · since 01 décembre 2025 · 1029.634.214

Represented by Vincent Meul De Raeve

Active

Ended mandates

Thomas Vervisch

Director · since 24 décembre 2020

Ended
JÜRGEN DEGRANDE

Director · since 17 novembre 2009

Ended
MICHEL VERVISCH

Director · since 17 novembre 2009

Ended
Jurgen Degrande

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other26/01/2026
    ALGEMENE VERGADERING
    PDF
  • Mandates09/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/11/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares31/10/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other01/12/2009
    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

Timeline

  1. 2025
    Annual accounts 2025301,4 k €↓
  2. 2024
    Annual accounts 2024401,1 k €↑
  3. 2023
    Annual accounts 2023216,2 k €↑
  4. 2022
    Annual accounts 202281,9 k €↓
  5. 2020
    Annual accounts 202083,2 k €↑
  6. 2019
    Annual accounts 201942,3 k €↓
  7. 2018
    Annual accounts 201882,5 k €↑
  8. 2017
    Annual accounts 201716,2 k €↑
  9. 2016
    Annual accounts 20161,0 k €↑
  10. 2015
    Annual accounts 2015-5,5 k €↓
  11. 2014
    Annual accounts 20145,8 k €↑
  12. 2013
    Annual accounts 2013-130,7 k €↓
  13. 2012
    Annual accounts 2012-13,3 k €↓
  14. 2011
    Annual accounts 201131,5 k €↑
  15. 2010
    Annual accounts 2010-18,0 k €
  16. 17/11/2009
    IncorporationPrivate limited company