ACTIVE

THIVAIOS

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Financial year 2024 · closed on 31/12/2024

Net result

1,5 M €

+507.0% YoY

Gross margin

1,5 M €

+77.1% YoY

Equity

2 M €

+25.6% YoY

Workforce

1,9 ETP

What does THIVAIOS do?

THIVAIOS is a Private limited company incorporated in 2010. Its main activity is: Performing arts. Its registered office is in Antwerpen. It employs on average 1,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.401.783

Incorporation

29/06/2010

Legal form

Private limited company

Registered office

Vlaamsekaai 35 box 3
2000 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

1,9 ETP

Activities (NACE)

90012Performing arts· main 90202Creative, arts and entertainment activities 74901Other professional, scientific and technical activities n.e.c.74991Other professional, scientific and technical activities n.e.c.

Joint committees (4)

100
218
304
3040

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	1,5 M €	+77.1%	855,7 k €	+805%	94,5 k €	-90.8%	1 M €	+132%	445,1 k €	+285%	-240 k €	-169%	347,7 k €	-36.2%	545,1 k €	-59.9%	1,4 M €	+803%	150,5 k €	-94.8%	2,9 M €	+522%	468,2 k €	+241%	137,4 k €	+379%	28,7 k €
EBITDA	541,7 k €	+1345%	-43,5 k €	+83.1%	-257,4 k €	-141%	629,5 k €	+216%	199,2 k €	+129%	-688,4 k €	-331%	297,5 k €	+23.4%	241 k €	-72.6%	878,8 k €	+881%	89,6 k €	-96.9%	2,9 M €	+515%	467 k €	+241%	137,1 k €	+380%	28,6 k €
Operating result	453,2 k €	+443%	-132 k €	+62.4%	-351,1 k €	-164%	550 k €	+478%	95,2 k €	+113%	-734,2 k €	-406%	239,9 k €	+19.8%	200,2 k €	-76.2%	840,2 k €	+1305%	59,8 k €	-97.9%	2,9 M €	+521%	459 k €	+262%	126,7 k €	+544%	19,7 k €
Net result	1,5 M €	+507%	-370,6 k €	-116%	-171,3 k €	-126%	648,7 k €	+742%	-101,1 k €	+88.1%	-852,8 k €	-1701%	-47,3 k €	-154%	87,9 k €	-85.1%	590,6 k €	+240%	173,8 k €	-90.1%	1,8 M €	+396%	353,6 k €	+449%	64,5 k €	+328%	15,1 k €
Balance sheet
Equity	2 M €	+25.6%	1,6 M €	-18.6%	2 M €	-26.5%	2,7 M €	+31.5%	2,1 M €	-4.7%	2,2 M €	-28.3%	3 M €	-1.5%	3,1 M €	+3.0%	3 M €	+24.8%	2,4 M €	+7.9%	2,2 M €	+388%	451,8 k €	+360%	98,1 k €	+279%	25,9 k €
Total assets	8,3 M €	+30.8%	6,4 M €	-25.8%	8,6 M €	+3.4%	8,3 M €	+10.6%	7,5 M €	-28.2%	10,5 M €	+26.9%	8,2 M €	+62.6%	5,1 M €	-19.1%	6,3 M €	+38.2%	4,5 M €	-5.1%	4,8 M €	+264%	1,3 M €	+261%	363,1 k €	+645%	48,7 k €
Cash	1,2 M €	+79.5%	650 k €	-81.0%	3,4 M €	+139%	1,4 M €	-18.8%	1,8 M €	-27.3%	2,4 M €	+5580%	42,7 k €	-96.2%	1,1 M €	+290%	284,3 k €	+18.2%	240,5 k €	-89.7%	2,3 M €	+418%	450,8 k €	+72.9%	260,6 k €	+3694%	6,9 k €
Debts	6,1 M €	+28.6%	4,7 M €	-28.0%	6,6 M €	+17.9%	5,6 M €	+3.7%	5,4 M €	-35.1%	8,3 M €	+58.7%	5,2 M €	+160%	2 M €	-39.0%	3,3 M €	+152%	1,3 M €	-23.2%	1,7 M €	+187%	593,3 k €	+194%	201,5 k €	+1464%	12,9 k €
Other
Workforce	1,9 ETP		–		2,0 ETP	-70.6%	6,8 ETP	+278%	1,8 ETP	0.0%	1,8 ETP		–		1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-29.4%	1,7 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Dimitrios Thivaios

Director

Active

Michael Thivaios

Director

Active

Ended mandates

Dimitrios Thiviaos

Director · since 29 juin 2010

Ended

Dimitrios Thiviaos

Manager · since 29 juin 2010

Ended

Michael Thivaios

Director · since 29 juin 2010

Ended

Michael Thivaios

Manager · since 29 juin 2010

Ended

At this address

Other companies at this address

Company	CBE no.
ATLANTIC● Active	0464.300.495
Cartel● Active	0721.395.532
DOMANI● Active	0448.255.212
green room● Active	0865.797.650
House of House● Active	0407.582.914
POP CULTR● Active	0737.835.448
Smash Artist Services● Active	0597.996.387
Smash Records● Active	0732.868.751
T-Digital Arts● Active	0554.900.673
THIVAIOS MUSIC● Active	0748.524.848
T-MEDIA● Active	0735.860.707
TWENTYEIGHT● Active	0746.986.508
Vereniging van Mede-eigenaars gebouwencomplex te Antwerpen, Vlaamse Kaai 35/39● Active	0870.060.702
VONN● Bankrupt	0791.764.082

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/10/2025	27/08/2024	13/09/2023	29/09/2022	21/10/2021	24/08/2020
General meeting	30/09/2025	20/06/2024	20/06/2023	20/06/2022	21/06/2021	20/06/2020
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	31/12/2024	30/09/2025	10/10/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	13/09/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	21/10/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	10/08/2018	Dutch	PDF
Abridged modelCorrection	31/12/2016	20/06/2017	11/10/2017	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	18/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	23/07/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 2 active · 5 ended

Active mandates

Dimitrios Thivaios

Director

Active

Michael Thivaios

Director

Active

Ended mandates

Dimitrios Thiviaos

Director · since 29 juin 2010

Ended

Dimitrios Thiviaos

Manager · since 29 juin 2010

Ended

Michael Thivaios

Director · since 29 juin 2010

Ended

Michael Thivaios

Manager · since 29 juin 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/04/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/08/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office03/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other12/07/2010
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

2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 2023-370,6 k €↓
2022
Annual accounts 2022-171,3 k €↓
2022
Name changeTHIVAIOS
2021
Annual accounts 2021648,7 k €↑
2021
Name changeThivaios Smash The House
2020
Annual accounts 2020-101,1 k €↑
2019
Annual accounts 2019-852,8 k €↓
2018
Annual accounts 2018-47,3 k €↓
2017
Annual accounts 201787,9 k €↓
2016
Annual accounts 2016590,6 k €↑
2015
Annual accounts 2015173,8 k €↓
2014
Annual accounts 20141,8 M €↑
2013
Annual accounts 2013353,6 k €↑
2012
Annual accounts 201264,5 k €↑
2011
Annual accounts 201115,1 k €
29/06/2010
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

THIVAIOS

Overview

What does THIVAIOS do?

Trend over 14 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