ACTIVE

THEODORE

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

-51,7 k €

-884.0% YoY

Gross margin

1,2 M €

+1.7% YoY

Equity

2 M €

-6.0% YoY

Workforce

38,4 ETP

-4.5% YoY

What does THEODORE do?

THEODORE is a Cooperative society incorporated in 2010. Its main activity is: Operation of arts facilities. Its registered office is in Saint-Gilles. It employs on average 38,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.297.747

Incorporation

05/08/2010

Legal form

Cooperative society

Registered office

Rue Théodore Verhaegen 158
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

989 034,00 €

Latest accounts

30/06/2025

Average workforce

38,4 ETP

Activities (NACE)

90042Operation of arts facilities· main 90312Creative, arts and entertainment activities 93299Other amusement and recreation activities 93299Other amusement and recreation activities 47120Retail sale in non-specialised stores 47910Retail sale via mail order houses or via Internet+32

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	1,2 M €	+1.7%	1,2 M €	-17.3%	1,4 M €	+79.1%	786 k €	+48.3%	529,8 k €	+7.6%	492,5 k €	+53.2%	321,5 k €	+87.2%	171,8 k €	+168%	64,1 k €	+4042%	-1,6 k €	-350%	-361,7 €
EBITDA	123 k €	+89.0%	65,1 k €	-86.2%	471,5 k €	+14.0%	413,6 k €	+265%	113,2 k €	-35.5%	175,4 k €	+74.8%	100,3 k €	+26.4%	79,4 k €	+32.7%	59,8 k €	+2171%	-2,9 k €	-256%	-811,7 €
Operating result	-80,4 k €	-310%	-19,6 k €	-105%	364,1 k €	+256%	102,4 k €	+171%	37,8 k €	-66.4%	112,5 k €	+162%	43 k €	+632%	5,9 k €	-71.7%	20,8 k €	+191%	-22,9 k €	-50.9%	-15,2 k €
Net result	-51,7 k €	-884%	6,6 k €	-98.2%	372,2 k €	+287%	96,1 k €	+45.2%	66,2 k €	-37.8%	106,4 k €	+629%	14,6 k €	+197%	4,9 k €	+199%	1,6 k €	+104%	-38,8 k €	-52.5%	-25,4 k €
Balance sheet
Equity	2 M €	-6.0%	2,2 M €	-0.1%	2,2 M €	+26.3%	1,7 M €	+78.0%	965,8 k €	+9.6%	881,3 k €	+13.7%	775,1 k €	+45.3%	533,6 k €	+46.8%	363,5 k €	+126%	160,8 k €	+116%	74,6 k €
Total assets	3,6 M €	-5.0%	3,8 M €	-3.5%	3,9 M €	+22.2%	3,2 M €	+78.9%	1,8 M €	+1.2%	1,8 M €	+3.4%	1,7 M €	+22.5%	1,4 M €	+7.0%	1,3 M €	+53.2%	847,2 k €	+21.4%	697,7 k €
Cash	677,3 k €	+112%	318,9 k €	-61.9%	836,3 k €	+109%	400,6 k €	+51.9%	263,7 k €	-10.2%	293,6 k €	+205%	96,2 k €	+21.3%	79,3 k €	-27.7%	109,7 k €	-10.8%	123 k €	+561%	18,6 k €
Debts	1,5 M €	-3.6%	1,6 M €	-1.6%	1,6 M €	+24.3%	1,3 M €	+59.4%	814,1 k €	-7.2%	877,2 k €	-5.2%	925,1 k €	+8.2%	854,8 k €	-6.2%	911,7 k €	+32.8%	686,3 k €	+10.2%	623,1 k €
Other
Workforce	38,4 ETP	-4.5%	40,2 ETP	+4.7%	38,4 ETP	+42.2%	27,0 ETP	-34.8%	41,4 ETP	+28.2%	32,3 ETP	+30.8%	24,7 ETP	+269%	6,7 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 30/06/2025 · 4 active · 12 ended

Active mandates

J. DELVAUX THOMAS FRANÇOIS

Director · since 10 septembre 2020

Active

Joëlle YANA

Director · since 10 septembre 2020

Active

Laurence Demanet

Director · since 10 septembre 2020

Active

Xavier Campion

Director · since 10 septembre 2020

Active

Ended mandates

Laurence Demanet

Administrateur · since 10 septembre 2020

Ended

Thomas Delvaux

Administrateur · since 10 septembre 2020

Ended

Thomas Delvaux

Director · since 10 septembre 2020

Ended

Xavier Campion

Administrateur · since 10 septembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
La Tricoterie Association Sans But Lucratif● Active	0849.734.747
THEATRE ET RECONCILIATION● Active	0454.298.015
VERTIGE● Active	0476.811.319

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/12/2025	19/01/2025	21/12/2023	30/01/2023	31/12/2021	06/01/2021
General meeting	02/12/2025	03/12/2024	05/12/2023	06/12/2022	08/12/2021	01/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	02/12/2025	16/12/2025	French	PDF
Abridged model	30/06/2024	03/12/2024	19/01/2025	French	PDF
Abridged model	30/06/2023	05/12/2023	21/12/2023	French	PDF
Abridged model	30/06/2022	06/12/2022	30/01/2023	French	PDF
Abridged model	30/06/2021	08/12/2021	31/12/2021	French	PDF
Abridged model	30/06/2020	01/12/2020	06/01/2021	French	PDF
Abridged model	30/06/2019	20/01/2020	31/01/2020	French	PDF
Abridged model	30/06/2018	18/12/2018	25/01/2019	French	PDF
Abridged model	30/06/2017	12/12/2017	25/01/2018	French	PDF
Abridged model	30/06/2016	08/11/2016	13/01/2017	French	PDF
Abridged model	30/06/2015	29/09/2015	21/12/2015	French	PDF
Abridged modelCorrection	30/06/2014	24/09/2014	10/02/2015	French	PDF
Abridged model	30/06/2014	24/09/2014	04/12/2014	French	PDF
Abridged model	30/06/2013	30/10/2013	28/02/2014	French	PDF
Abridged model	30/06/2012	11/12/2012	29/01/2013	French	PDF
Abridged model	30/06/2011	14/11/2011	30/11/2011	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 30/06/2025 · 4 active · 12 ended

Active mandates

J. DELVAUX THOMAS FRANÇOIS

Director · since 10 septembre 2020

Active

Joëlle YANA

Director · since 10 septembre 2020

Active

Laurence Demanet

Director · since 10 septembre 2020

Active

Xavier Campion

Director · since 10 septembre 2020

Active

Ended mandates

Laurence Demanet

Administrateur · since 10 septembre 2020

Ended

Thomas Delvaux

Administrateur · since 10 septembre 2020

Ended

Thomas Delvaux

Director · since 10 septembre 2020

Ended

Xavier Campion

Administrateur · since 10 septembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other15/10/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates08/12/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates13/01/2014
DEMISSIONS, NOMINATIONS
PDF
Other16/08/2010
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 2025-51,7 k €↓
2024
Annual accounts 20246,6 k €↓
2023
Annual accounts 2023372,2 k €↑
2022
Annual accounts 202296,1 k €↑
2017
Annual accounts 201766,2 k €↓
2016
Annual accounts 2016106,4 k €↑
2015
Annual accounts 201514,6 k €↑
2014
Annual accounts 20144,9 k €↑
2013
Annual accounts 20131,6 k €↑
2012
Annual accounts 2012-38,8 k €↓
2011
Annual accounts 2011-25,4 k €
05/08/2010
IncorporationCooperative society

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

THEODORE

Overview

What does THEODORE do?

Trend over 11 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