ACTIVE

Red Thread

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Financial year 2025 · closed on 31/12/2025

Net result

12,2 k €

-39.9% YoY

Gross margin

20,6 k €

-32.3% YoY

Equity

241,4 k €

+5.3% YoY

What does Red Thread do?

Red Thread is a Private limited company incorporated in 2010. Its main activity is: Public relations and communication activities. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.917.656

Incorporation

01/09/2010

Legal form

Private limited company

Registered office

Rue des Aduatiques 42
1040 Etterbeek · BruxellesSee on map

Contributed capital

30 950,00 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	20,6 k €	-32.3%	30,5 k €	+146%	12,4 k €	-87.8%	101,1 k €	+35.3%	74,7 k €	+76.9%	42,2 k €	+4.6%	40,3 k €	-0.6%	40,6 k €	-25.4%	54,4 k €	-21.8%	69,6 k €	+283%	18,1 k €	-16.8%	21,8 k €	+81.7%	12,0 k €	-72.6%	43,8 k €	-4.9%	46,0 k €
EBITDA	19,8 k €	-33.5%	29,7 k €	+156%	11,6 k €	-88.4%	100,2 k €	+36.9%	73,2 k €	+74.6%	41,9 k €	+6.9%	39,2 k €	-1.9%	40,0 k €	-25.7%	53,8 k €	-22.0%	69,0 k €	+295%	17,4 k €	-17.3%	21,1 k €	+95.3%	10,8 k €	-75.2%	43,5 k €	-5.3%	45,9 k €
Operating result	19,8 k €	-33.5%	29,7 k €	+156%	11,6 k €	-88.4%	100,2 k €	+37.6%	72,9 k €	+75.3%	41,6 k €	+7.0%	38,8 k €	-2.8%	40,0 k €	-19.9%	49,9 k €	-23.3%	65,1 k €	+381%	13,5 k €	-18.3%	16,5 k €	+165%	6,2 k €	-85.4%	42,9 k €	-6.7%	45,9 k €
Net result	12,2 k €	-39.9%	20,3 k €	+134%	8,7 k €	-89.8%	84,5 k €	+29.1%	65,5 k €	+82.1%	36,0 k €	+0.5%	35,8 k €	-5.9%	38,0 k €	-16.7%	45,6 k €	-19.8%	56,9 k €	+433%	10,7 k €	-20.3%	13,4 k €	+169%	5,0 k €	-85.1%	33,5 k €	+13.3%	29,6 k €
Balance sheet
Equity	241,4 k €	+5.3%	229,2 k €	-15.0%	269,5 k €	+3.3%	260,9 k €	+23.4%	211,4 k €	+18.8%	177,9 k €	+13.4%	156,9 k €	+11.2%	141,2 k €	+11.0%	127,1 k €	+9.1%	116,5 k €	+21.9%	95,6 k €	+12.6%	84,9 k €	+81.7%	46,7 k €	-32.5%	69,2 k €	+93.6%	35,8 k €
Total assets	301,6 k €	-12.4%	344,3 k €	-5.7%	365,0 k €	-5.1%	384,8 k €	+24.2%	309,8 k €	+14.7%	270,1 k €	+11.2%	242,9 k €	+8.8%	223,3 k €	-15.2%	263,2 k €	+13.7%	231,4 k €	+72.7%	134,0 k €	+32.2%	101,3 k €	+12.2%	90,3 k €	-24.7%	120,0 k €	+26.4%	95,0 k €
Cash	177,0 k €	-19.2%	219,0 k €	-8.6%	239,6 k €	-14.8%	281,2 k €	+37.9%	203,9 k €	+57.3%	129,6 k €	+15.5%	112,2 k €	+9.4%	102,5 k €	-10.3%	114,4 k €	-6.4%	122,1 k €	+95.3%	62,5 k €	+113%	29,3 k €	-55.3%	65,5 k €	-28.0%	91,0 k €	+30.0%	69,9 k €
Debts	60,3 k €	-47.6%	115,1 k €	+20.6%	95,5 k €	-22.9%	123,9 k €	+25.8%	98,5 k €	+6.7%	92,2 k €	+7.3%	86,0 k €	+4.7%	82,1 k €	-39.6%	136,0 k €	+18.4%	114,9 k €	+199%	38,4 k €	+133%	16,5 k €	-62.2%	43,6 k €	-14.1%	50,8 k €	-14.2%	59,2 k €

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

Laura Shields

Director · since 01 septembre 2010

Active

Ended mandates

Laura Shields

Director · since 01 octobre 2010

Ended

Laura Shields

Manager · since 01 octobre 2010

Ended

Laura Shields

Manager · since 01 septembre 2010

Ended

At this address

Other companies at this address

Company	CBE no.
P. ROWLAND● Active	0846.057.556

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	24/07/2026	26/08/2025	26/08/2024	31/08/2023	09/08/2022	29/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	25/05/2023	25/05/2022	25/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	26/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	25/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	25/05/2022	09/08/2022	French	PDF
Micro model	31/12/2020	25/05/2021	29/07/2021	French	PDF
Micro model	31/12/2019	04/09/2020	30/10/2020	French	PDF
Micro model	31/12/2018	25/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	25/05/2018	28/09/2018	French	PDF
Micro model	31/12/2016	26/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	25/07/2012	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

Laura Shields

Director · since 01 septembre 2010

Active

Ended mandates

Laura Shields

Director · since 01 octobre 2010

Ended

Laura Shields

Manager · since 01 octobre 2010

Ended

Laura Shields

Manager · since 01 septembre 2010

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/10/2025
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2017
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares14/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office10/12/2012
SIEGE SOCIAL
PDF
Other03/09/2010
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 202512,2 k €↓
2024
Annual accounts 202420,3 k €↑
2023
Annual accounts 20238,7 k €↓
2022
Annual accounts 202284,5 k €↑
2021
Annual accounts 202165,5 k €↑
2020
Annual accounts 202036,0 k €↑
2019
Annual accounts 201935,8 k €↓
2018
Annual accounts 201838,0 k €↓
2017
Annual accounts 201745,6 k €↓
2016
Annual accounts 201656,9 k €↑
2015
Annual accounts 201510,7 k €↓
2014
Annual accounts 201413,4 k €↑
2013
Annual accounts 20135,0 k €↓
2012
Annual accounts 201233,5 k €↑
2011
Annual accounts 201129,6 k €
01/09/2010
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

Red Thread

Overview

What does Red Thread 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