ACTIVE

TERMOFARMA

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Financial year 2025 · closed on 31/12/2025

Net result

131,9 k €

-7.3% YoY

Gross margin

234,5 k €

-8.2% YoY

Equity

2,2 M €

-3.2% YoY

What does TERMOFARMA do?

TERMOFARMA is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.076.681

Incorporation

08/01/2010

Legal form

Private limited company

Registered office

Hoogstraat 148
9250 Waasmunster · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	234,5 k €	-8.2%	255,4 k €	-0.7%	257,3 k €	-22.4%	331,5 k €	+18.0%	281,1 k €	+57.9%	178 k €	-7.6%	192,6 k €	-7.5%	208,2 k €	-7.0%	224 k €	-3.5%	232 k €	-12.1%	264 k €	+9.8%	240,4 k €	+11.6%	215,5 k €	+29.3%	166,7 k €	+24.5%	133,9 k €
EBITDA	233,3 k €	-8.2%	254,1 k €	-0.5%	255,4 k €	-22.7%	330,5 k €	+18.0%	280 k €	+58.2%	177 k €	-7.4%	191,2 k €	-7.8%	207,4 k €	-7.1%	223,4 k €	-3.5%	231,4 k €	-12.2%	263,5 k €	+9.8%	240 k €	+11.6%	215,1 k €	+29.3%	166,4 k €	+24.4%	133,7 k €
Operating result	233,3 k €	-8.2%	254,1 k €	-0.5%	255,4 k €	-22.4%	329,1 k €	+18.1%	278,6 k €	+58.6%	175,6 k €	-7.5%	189,8 k €	-8.5%	207,4 k €	-7.1%	223,4 k €	-2.9%	230 k €	-12.2%	262,1 k €	+9.8%	238,7 k €	+11.6%	213,8 k €	+29.6%	165 k €	+23.4%	133,7 k €
Net result	131,9 k €	-7.3%	142,3 k €	-2.1%	145,4 k €	-34.2%	220,9 k €	+23.3%	179,1 k €	+66.7%	107,4 k €	-8.8%	117,8 k €	+2.7%	114,7 k €	-0.4%	115,2 k €	+1.3%	113,7 k €	-21.1%	144,1 k €	+4.8%	137,6 k €	+14.2%	120,4 k €	+48.1%	81,3 k €	+16.8%	69,6 k €
Balance sheet
Equity	2,2 M €	-3.2%	2,3 M €	+6.7%	2,1 M €	+7.4%	2 M €	+12.6%	1,8 M €	+55.3%	1,1 M €	+10.5%	1 M €	+13.1%	902,8 k €	+14.6%	788,2 k €	+17.1%	673 k €	+20.3%	559,3 k €	+34.7%	415,1 k €	+49.6%	277,6 k €	+76.7%	157,1 k €	+107%	75,8 k €
Total assets	3,7 M €	+1.1%	3,7 M €	+2.4%	3,6 M €	+0.5%	3,6 M €	+26.9%	2,8 M €	-8.7%	3,1 M €	+105%	1,5 M €	+3.8%	1,5 M €	+7.5%	1,4 M €	+1.6%	1,3 M €	+2.4%	1,3 M €	-1.6%	1,3 M €	+1.9%	1,3 M €	-3.3%	1,3 M €	+3.9%	1,3 M €
Cash	236,4 k €	+0.9%	234,1 k €	+20.8%	193,8 k €	+45.4%	133,3 k €	+300%	33,4 k €	-26.0%	45,1 k €	+166%	16,9 k €	-41.4%	28,9 k €	-6.2%	30,8 k €	+15.0%	26,8 k €	+1869%	1,4 k €	-96.8%	43,2 k €	+142%	17,8 k €	-0.5%	17,9 k €	-21.6%	22,8 k €
Debts	1,5 M €	+8.3%	1,4 M €	-4.8%	1,5 M €	-9.0%	1,6 M €	+51.3%	1,1 M €	-45.6%	2 M €	+304%	483 k €	-11.6%	546,7 k €	-2.5%	560,6 k €	-14.8%	658,1 k €	-11.2%	740,8 k €	-18.2%	905,5 k €	-11.1%	1 M €	-13.5%	1,2 M €	-3.0%	1,2 M €
Other
Workforce	–		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Geraldine Termote

Manager

Active

Ended mandates

Guy Termote

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
APOTEEK TERMOTE● Active	0446.895.232
TINVEST● Active	0426.115.555

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2026	28/08/2025	28/08/2024	29/08/2023	26/08/2022	30/08/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	18/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	07/08/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	30/06/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 ended

Active mandates

Geraldine Termote

Manager

Active

Ended mandates

Guy Termote

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other20/01/2010
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 2025131,9 k €↓
2024
Annual accounts 2024142,3 k €↓
2023
Annual accounts 2023145,4 k €↓
2022
Annual accounts 2022220,9 k €↑
2021
Annual accounts 2021179,1 k €↑
2019
Annual accounts 2019107,4 k €↓
2018
Annual accounts 2018117,8 k €↑
2017
Annual accounts 2017114,7 k €↓
2016
Annual accounts 2016115,2 k €↑
2015
Annual accounts 2015113,7 k €↓
2014
Annual accounts 2014144,1 k €↑
2013
Annual accounts 2013137,6 k €↑
2012
Annual accounts 2012120,4 k €↑
2011
Annual accounts 201181,3 k €↑
2010
Annual accounts 201069,6 k €
08/01/2010
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

TERMOFARMA

Overview

What does TERMOFARMA do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

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