ACTIVE

BTHINK

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Financial year 2025 · closed on 30/09/2025
Net result
20,5 k €
-71.7% YoY
Gross margin
124,7 k €
-11.5% YoY
Equity
187,4 k €
-45.1% YoY

What does BTHINK do?

BTHINK is a Private company with limited liability incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Londerzeel.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.517.346
Incorporation
06/01/2011
Legal form
Private company with limited liability
Registered office
Rossemstraat 35
1840 Londerzeel · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
30/09/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities62010Computer programming activities62090Other information technology and computer service activities62100Computer programming, consultancy and related activities62900Computer programming, consultancy and related activities+4
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin124,7 k €141 k €122,3 k €156,3 k €85 k €90,3 k €97,6 k €80,3 k €87,1 k €95,6 k €99,9 k €67,7 k €50,1 k €69,5 k €
EBITDA115,9 k €125,2 k €115,9 k €151,6 k €80,8 k €72,7 k €84,9 k €69,4 k €80,7 k €92,1 k €99,3 k €66,5 k €49,5 k €65,3 k €
Operating result86 k €100,9 k €90,5 k €126,7 k €55,9 k €48,4 k €60,4 k €44,7 k €55,8 k €67,3 k €72,9 k €29,1 k €4,5 k €39,8 k €
Net result20,5 k €72,4 k €54,7 k €87,1 k €30,7 k €31,3 k €35,9 k €22,9 k €27,1 k €37,8 k €31,9 k €9,9 k €-5,7 k €22,9 k €
Balance sheet
Equity187,4 k €341,2 k €335,8 k €303,9 k €254,5 k €223,8 k €192,5 k €156,7 k €133,7 k €103 k €65,2 k €33,2 k €23,4 k €29,1 k €
Total assets666,9 k €730 k €662,6 k €612,4 k €556,7 k €565,6 k €552,6 k €535,8 k €502,8 k €494,3 k €404,6 k €408,3 k €364,1 k €142,1 k €
Cash3,5 k €82,7 k €70,2 k €40,2 k €60,2 k €69 k €30,5 k €39,9 k €1,3 k €33,3 k €2,6 k €11,1 k €6,8 k €19,9 k €
Debts477,6 k €387,4 k €325,7 k €307,8 k €301,9 k €341,8 k €360,1 k €379,2 k €369 k €391,3 k €339,4 k €375 k €340,8 k €113 k €
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 30/09/2025 · 1 active · 1 ended

Active mandates

Bart Theunissen

Director

Active

Ended mandates

BART THEUNISSEN

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202629/04/202531/07/202428/04/202312/01/202326/04/2021
General meeting31/03/202631/03/202531/03/202431/03/202331/03/202230/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202531/03/202629/04/2026FrenchPDF
Micro model30/09/202431/03/202529/04/2025FrenchPDF
Micro model30/09/202331/03/202431/07/2024DutchPDF
Micro model30/09/202231/03/202328/04/2023DutchPDF
Micro model30/09/202131/03/202212/01/2023DutchPDF
Micro model30/09/202030/03/202126/04/2021DutchPDF
Micro model30/09/201930/10/202005/11/2020DutchPDF
Micro model30/09/201812/03/201905/04/2019DutchPDF
Micro model30/09/201718/05/201823/05/2018DutchPDF
Abridged model30/09/201621/12/201703/01/2018DutchPDF
Abridged model30/09/201529/04/201623/05/2016DutchPDF
Abridged model30/09/201431/03/201529/04/2015DutchPDF
Abridged model30/09/201311/03/201409/04/2014DutchPDF
Abridged model30/09/201212/03/201303/04/2013DutchPDF
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 30/09/2025 · 1 active · 1 ended

Active mandates

Bart Theunissen

Director

Active

Ended mandates

BART THEUNISSEN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/09/2015
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/01/2011
    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

Timeline

  1. 2025
    Annual accounts 202520,5 k €↓
  2. 2024
    Annual accounts 202472,4 k €↑
  3. 2023
    Annual accounts 202354,7 k €↓
  4. 2022
    Annual accounts 202287,1 k €↑
  5. 2021
    Annual accounts 202130,7 k €↓
  6. 2020
    Annual accounts 202031,3 k €↓
  7. 2019
    Annual accounts 201935,9 k €↑
  8. 2018
    Annual accounts 201822,9 k €↓
  9. 2017
    Annual accounts 201727,1 k €↓
  10. 2016
    Annual accounts 201637,8 k €↑
  11. 2015
    Annual accounts 201531,9 k €↑
  12. 2014
    Annual accounts 20149,9 k €↑
  13. 2013
    Annual accounts 2013-5,7 k €↓
  14. 2012
    Annual accounts 201222,9 k €
  15. 06/01/2011
    IncorporationPrivate company with limited liability