ACTIVE

Th!nk E

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Financial year 2025 · closed on 31/12/2025

Net result

242 k €

+130.6% YoY

Gross margin

1,5 M €

-8.5% YoY

Equity

531,7 k €

+4.1% YoY

Workforce

13,1 ETP

-3.7% YoY

What does Th!nk E do?

Th!nk E is a Private limited company incorporated in 2011. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Oud-Heverlee. It employs on average 13,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.518.408

Incorporation

31/03/2011

Legal form

Private limited company

Registered office

Ophemstraat 140
3050 Oud-Heverlee · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,1 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.71209Technical testing and analysis 71209Technical testing and analysis+4

Joint committees (3)

1000
2000
218

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	1,5 M €	-8.5%	1,6 M €	+64.0%	988 k €	+39.8%	706,6 k €	+61.0%	438,9 k €	+29.7%	338,4 k €	+39.7%	242,1 k €	-2.9%	249,2 k €	+35.2%	184,4 k €	+201%	61,3 k €	+326%	14,4 k €	-66.3%	42,8 k €	+1990%	2 k €
EBITDA	332,6 k €	-3.2%	343,6 k €	+158%	133,3 k €	+0.4%	132,8 k €	+3.6%	128,1 k €	-32.8%	190,7 k €	+20.3%	158,5 k €	-3.1%	163,5 k €	+12.4%	145,4 k €	+139%	60,7 k €	+445%	11,1 k €	-74.0%	42,8 k €	+1993%	2 k €
Operating result	260,7 k €	+55.6%	167,5 k €	+79.1%	93,5 k €	-1.1%	94,6 k €	+3.4%	91,4 k €	+12.2%	81,5 k €	-3.6%	84,6 k €	+953%	8 k €	-93.1%	116,4 k €	+133%	50 k €	+891%	5 k €	-87.0%	38,8 k €	+3394%	-1,2 k €
Net result	242 k €	+131%	105 k €	+46.5%	71,6 k €	-15.7%	84,9 k €	+14.1%	74,4 k €	+3.5%	71,9 k €	+18.8%	60,5 k €	+845%	6,4 k €	-91.8%	78,6 k €	+96.0%	40,1 k €	+722%	4,9 k €	-82.9%	28,5 k €	+2546%	-1,2 k €
Balance sheet
Equity	531,7 k €	+4.1%	510,9 k €	+6.9%	477,8 k €	+3.8%	460,4 k €	+22.6%	375,5 k €	+76.0%	213,3 k €	+50.8%	141,4 k €	+74.8%	80,9 k €	+8.6%	74,5 k €	+22.2%	60,9 k €	+192%	20,9 k €	-37.9%	33,6 k €	+567%	5 k €
Total assets	5,8 M €	+157%	2,3 M €	-10.7%	2,5 M €	+65.7%	1,5 M €	+17.0%	1,3 M €	+57.5%	832,6 k €	+88.8%	441,1 k €	+11.8%	394,6 k €	-72.5%	1,4 M €	+454%	259,5 k €	+239%	76,5 k €	+24.0%	61,7 k €	+174%	22,6 k €
Cash	4,9 M €	+1095%	408,1 k €	-70.5%	1,4 M €	+64.3%	842,5 k €	+9.3%	770,9 k €	+1220%	58,4 k €	-51.7%	120,8 k €	+534%	19,1 k €	+83.7%	10,4 k €	-93.9%	169,7 k €	+199%	56,7 k €	+45.5%	39 k €	+1012%	3,5 k €
Debts	4,8 M €	+812%	525,9 k €	-45.0%	955,7 k €	+47.0%	650,2 k €	+23.8%	525,2 k €	-1.7%	534,2 k €	+244%	155,4 k €	-27.3%	214 k €	+1.3%	211,2 k €	+297%	53,2 k €	+0.3%	53 k €	+88.1%	28,2 k €	+60.6%	17,5 k €
Other
Workforce	13,1 ETP	-3.7%	13,6 ETP	+30.8%	10,4 ETP	+33.3%	7,8 ETP	+69.6%	4,6 ETP	+109%	2,2 ETP	+29.4%	1,7 ETP	+41.7%	1,2 ETP	+140%	0,5 ETP		–		0,1 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

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

Active mandates

Elephant in a Tent

Director · since 01 mai 2025 · 1017.658.177

Represented by BORMANS JAN

Active

M.O.C.K.Ing

Director · since 01 mai 2025 · 1017.417.657

Represented by VAN DAMME LORENZ

Active

LEEN PEETERS

Director · since 31 mars 2011

Active

Ended mandates

Elephant in a Tent

Director · since 01 mai 2025 · 1017.658.177

Represented by BORMANS JAN

Ended

M.O.C.K.Ing

Director · since 01 mai 2025 · 1017.417.657

Represented by LORENZ VAN DAMME

Ended

Koen Vanthournout

Manager · since 01 septembre 2016 · until 18 mai 2017

Ended

Kristof Eykens

Manager · since 01 septembre 2016

Ended

At this address

Other companies at this address

Company	CBE no.
Th!nk Europe● Active	0785.296.459
Zehr● Active	0557.993.488

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	01/01/2025	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	30/06/2026	27/08/2025	31/07/2024	27/07/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	26/08/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	02/04/2013	17/05/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	14/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 3 active · 12 ended

Active mandates

Elephant in a Tent

Director · since 01 mai 2025 · 1017.658.177

Represented by BORMANS JAN

Active

M.O.C.K.Ing

Director · since 01 mai 2025 · 1017.417.657

Represented by VAN DAMME LORENZ

Active

LEEN PEETERS

Director · since 31 mars 2011

Active

Ended mandates

Elephant in a Tent

Director · since 01 mai 2025 · 1017.658.177

Represented by BORMANS JAN

Ended

M.O.C.K.Ing

Director · since 01 mai 2025 · 1017.417.657

Represented by LORENZ VAN DAMME

Ended

Koen Vanthournout

Manager · since 01 septembre 2016 · until 18 mai 2017

Ended

Kristof Eykens

Manager · since 01 septembre 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2013
ONTSLAGEN - BENOEMINGEN
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 2025242 k €↑
2024
Annual accounts 2024105 k €↑
2023
Annual accounts 202371,6 k €↓
2022
Annual accounts 202284,9 k €↑
2021
Annual accounts 202174,4 k €↑
2018
Annual accounts 201871,9 k €↑
2017
Annual accounts 201760,5 k €↑
2016
Annual accounts 20166,4 k €↓
2015
Annual accounts 201578,6 k €↑
2014
Annual accounts 201440,1 k €↑
2013
Annual accounts 20134,9 k €↓
2012
Annual accounts 201228,5 k €↑
2011
Annual accounts 2011-1,2 k €
31/03/2011
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

Th!nk E

Overview

What does Th!nk E do?

Trend over 13 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