ACTIVE

THIRYORTHO

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Financial year 2025 · closed on 31/12/2025

Net result

171,5 k €

+8.2% YoY

Gross margin

322,9 k €

+6.0% YoY

Equity

1 M €

+20.6% YoY

Workforce

0,0 ETP

What does THIRYORTHO do?

THIRYORTHO is a Private limited company incorporated in 2010. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.811.309

Incorporation

02/02/2010

Legal form

Private limited company

Registered office

Rue de Liège 23
4800 Verviers · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	322,9 k €	+6.0%	304,6 k €	-9.1%	334,9 k €	+2.7%	326,1 k €	+16.2%	280,6 k €	+11.7%	251,2 k €	-24.5%	332,6 k €	+68.5%	197,4 k €	-31.6%	288,6 k €	-26.3%	391,5 k €	+32.3%	295,9 k €	+8.0%	273,9 k €	+39.1%	196,9 k €	-27.6%	271,9 k €	+24.8%	217,9 k €	+33.4%	163,4 k €
EBITDA	319,5 k €	+5.8%	302 k €	-9.6%	334,2 k €	+8.8%	307,1 k €	+35.5%	226,7 k €	+6.2%	213,3 k €	+12.2%	190,1 k €	-3.5%	197,1 k €	-31.6%	288,1 k €	-14.5%	336,9 k €	+39.2%	242 k €	+5.8%	228,7 k €	+29.7%	176,3 k €	-32.2%	259,9 k €	+19.9%	216,7 k €	+41.0%	153,7 k €
Operating result	272,6 k €	+2.7%	265,5 k €	-5.6%	281,2 k €	+4.0%	270,4 k €	+40.5%	192,5 k €	+0.4%	191,7 k €	+26.0%	152,1 k €	-5.6%	161 k €	-33.9%	243,6 k €	-16.2%	290,8 k €	+48.3%	196,1 k €	+8.8%	180,2 k €	+35.2%	133,3 k €	-40.3%	223,3 k €	+21.0%	184,6 k €	+49.9%	123,2 k €
Net result	171,5 k €	+8.2%	158,5 k €	-13.1%	182,4 k €	-0.3%	182,9 k €	+35.9%	134,6 k €	-1.4%	136,5 k €	+117%	62,9 k €	-46.6%	117,9 k €	-16.2%	140,8 k €	-14.7%	164,9 k €	+32.1%	124,9 k €	-1.9%	127,3 k €	+51.5%	84 k €	-42.2%	145,3 k €	+21.2%	119,9 k €	+54.9%	77,4 k €
Balance sheet
Equity	1 M €	+20.6%	834,1 k €	+23.5%	675,6 k €	+6.7%	633,2 k €	+1.8%	621,8 k €	+27.6%	487,2 k €	+38.9%	350,7 k €	+3.8%	337,8 k €	-7.2%	363,9 k €	+20.6%	301,8 k €	+121%	136,8 k €	-3.6%	141,9 k €	+873%	14,6 k €	-90.9%	159,6 k €	+1018%	14,3 k €	-64.1%	39,8 k €
Total assets	1,8 M €	+2.8%	1,8 M €	+4.0%	1,7 M €	+29.6%	1,3 M €	+45.7%	915,1 k €	+15.3%	793,7 k €	+102%	393,9 k €	-18.9%	485,8 k €	-17.5%	588,6 k €	-2.6%	604,5 k €	+9.4%	552,6 k €	+2.1%	541,3 k €	+38.0%	392,2 k €	+7.6%	364,6 k €	-8.4%	398 k €	+43.0%	278,4 k €
Cash	31,2 k €	+32.4%	23,6 k €	+27.7%	18,4 k €	-89.8%	181,2 k €	+52.4%	118,9 k €	+58.3%	75,1 k €	+44.5%	52 k €	+58.5%	32,8 k €	+219%	10,3 k €	-89.3%	95,6 k €	+32.4%	72,2 k €	+6.2%	68 k €	-21.5%	86,7 k €	-13.7%	100,4 k €	-27.4%	138,3 k €	+247%	39,8 k €
Debts	841,3 k €	-12.6%	962,2 k €	-8.5%	1,1 M €	+50.4%	699,6 k €	+139%	293,2 k €	-4.3%	306,4 k €	+610%	43,1 k €	-70.7%	147,3 k €	-34.3%	224,3 k €	-25.9%	302,7 k €	-26.6%	412,6 k €	+4.1%	396,4 k €	+5.0%	377,6 k €	+84.1%	205,1 k €	-46.6%	383,8 k €	+60.9%	238,6 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		1,6 ETP	0.0%	1,6 ETP	+77.8%	0,9 ETP	+125%	0,4 ETP		–		0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Martine THIRY

Director · since 21 décembre 2020

Active

Ended mandates

Martine THIRY

Manager · since 27 janvier 2010

Ended

Martine THIRY

Mandate

Ended

MARTINE THIRY

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Y'S● Active	0897.714.115
Z & PARTNERS● Active	0790.636.607

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	10/06/2026	22/08/2025	27/08/2024	24/08/2023	28/07/2022	26/08/2021
General meeting	06/06/2026	07/06/2025	30/06/2024	03/06/2023	04/06/2022	05/06/2021
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	06/06/2026	10/06/2026	French	PDF
Micro model	31/12/2024	07/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	27/08/2024	French	PDF
Micro model	31/12/2022	03/06/2023	24/08/2023	French	PDF
Micro model	31/12/2021	04/06/2022	28/07/2022	French	PDF
Micro model	31/12/2020	05/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	06/06/2020	21/10/2020	French	PDF
Micro model	31/12/2018	01/06/2019	08/08/2019	French	PDF
Micro model	31/12/2017	02/06/2018	17/07/2018	French	PDF
Micro model	31/12/2016	03/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	27/09/2016	12/10/2016	French	PDF
Abridged model	31/12/2014	14/07/2015	15/07/2015	French	PDF
Abridged model	31/12/2013	16/07/2014	18/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	19/07/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	23/06/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	30/06/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 3 ended

Active mandates

Martine THIRY

Director · since 21 décembre 2020

Active

Ended mandates

Martine THIRY

Manager · since 27 janvier 2010

Ended

Martine THIRY

Mandate

Ended

MARTINE THIRY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2020
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Other12/02/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025171,5 k €↑
2024
Annual accounts 2024158,5 k €↓
2023
Annual accounts 2023182,4 k €↓
2022
Annual accounts 2022182,9 k €↑
2021
Annual accounts 2021134,6 k €↓
2020
Annual accounts 2020136,5 k €↑
2019
Annual accounts 201962,9 k €↓
2018
Annual accounts 2018117,9 k €↓
2017
Annual accounts 2017140,8 k €↓
2016
Annual accounts 2016164,9 k €↑
2015
Annual accounts 2015124,9 k €↓
2014
Annual accounts 2014127,3 k €↑
2013
Annual accounts 201384 k €↓
2012
Annual accounts 2012145,3 k €↑
2011
Annual accounts 2011119,9 k €↑
2010
Annual accounts 201077,4 k €
02/02/2010
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

THIRYORTHO

Overview

What does THIRYORTHO do?

Trend over 16 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