ACTIVE

THL-CONSULT

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Financial year 2025 · closed on 31/12/2025

Net result

189,1 k €

-2.7% YoY

Gross margin

276,5 k €

-2.4% YoY

Equity

840,6 k €

+8.0% YoY

What does THL-CONSULT do?

THL-CONSULT is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Wortegem-Petegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.468.475

Incorporation

20/10/2011

Legal form

Private limited company

Registered office

Keerstraat (W.) 11
9790 Wortegem-Petegem · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	276,5 k €	-2.4%	283,2 k €	+4.9%	269,9 k €	+5.4%	256,0 k €	+49.9%	170,8 k €	-12.2%	194,5 k €	-10.7%	217,9 k €	+7.9%	202,0 k €	+42.0%	142,2 k €	+17.3%	121,2 k €	+26.5%	95,9 k €	+13.0%	84,9 k €	-20.7%	107,1 k €	-35.5%	165,9 k €
EBITDA	275,1 k €	-2.7%	282,7 k €	+5.2%	268,9 k €	+5.2%	255,6 k €	+49.8%	170,7 k €	-12.2%	194,4 k €	-10.6%	217,4 k €	+17.6%	184,8 k €	+31.3%	140,8 k €	+16.6%	120,8 k €	+26.7%	95,3 k €	+13.7%	83,8 k €	-21.1%	106,3 k €	-35.1%	163,8 k €
Operating result	258,3 k €	-1.4%	262,0 k €	+5.3%	248,9 k €	+1.5%	245,4 k €	+53.3%	160,1 k €	-13.1%	184,3 k €	-11.1%	207,3 k €	+18.1%	175,5 k €	+33.6%	131,4 k €	+18.0%	111,4 k €	+29.0%	86,3 k €	+14.5%	75,4 k €	-23.4%	98,4 k €	-36.4%	154,8 k €
Net result	189,1 k €	-2.7%	194,3 k €	+12.1%	173,4 k €	+0.2%	173,0 k €	+55.7%	111,2 k €	-13.0%	127,7 k €	-8.3%	139,3 k €	+17.1%	118,9 k €	+48.4%	80,1 k €	+19.2%	67,2 k €	+28.3%	52,4 k €	+2.8%	51,0 k €	-26.4%	69,2 k €	-31.6%	101,2 k €
Balance sheet
Equity	840,6 k €	+8.0%	778,4 k €	+7.7%	722,5 k €	+4.9%	688,9 k €	+15.4%	596,8 k €	-12.0%	678,4 k €	+23.0%	551,5 k €	+33.5%	413,0 k €	+40.4%	294,1 k €	+37.4%	214,0 k €	+45.8%	146,8 k €	-39.2%	241,4 k €	+26.8%	190,4 k €	+57.1%	121,2 k €
Total assets	1,0 M €	+11.5%	937,1 k €	+3.4%	905,9 k €	+12.2%	807,8 k €	+13.4%	712,3 k €	+0.3%	710,5 k €	+23.6%	574,7 k €	+35.0%	425,6 k €	+36.8%	311,0 k €	+35.9%	228,9 k €	+19.2%	192,0 k €	-23.5%	251,0 k €	+25.8%	199,5 k €	+37.6%	145,0 k €
Cash	425,1 k €	+150%	170,1 k €	+4.9%	162,2 k €	-75.3%	655,9 k €	+2.9%	637,7 k €	-1.4%	646,4 k €	+35.5%	477,1 k €	+48.1%	322,1 k €	+57.5%	204,5 k €	+47.8%	138,4 k €	+8.5%	127,5 k €	-23.5%	166,7 k €	+14.9%	145,1 k €	+38.2%	105,0 k €
Debts	204,7 k €	+29.0%	158,7 k €	-13.5%	183,4 k €	+54.3%	118,8 k €	+2.9%	115,5 k €	+260%	32,1 k €	+38.0%	23,3 k €	+84.6%	12,6 k €	-25.5%	16,9 k €	+13.4%	14,9 k €	-67.0%	45,3 k €	+368%	9,7 k €	+5.9%	9,1 k €	-61.7%	23,9 k €

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 31/12/2025 · 1 active · 3 ended

Active mandates

Thomas Lobel

Director · since 20 octobre 2011

Active

Ended mandates

THOMAS LOBEL

Administrator - manager · since 20 octobre 2011 · until 31 décembre 2012

Ended

THOMAS LOBEL

Director

Ended

THOMAS LOBEL

Manager

Ended

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	27/08/2026	07/07/2025	25/06/2024	04/07/2023	22/07/2022	28/06/2021
General meeting	30/06/2026	30/06/2025	20/06/2024	20/06/2023	20/06/2022	21/06/2021
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
Micro model	31/12/2025	30/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	07/07/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	04/07/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	22/07/2022	Dutch	PDF
Micro model	31/12/2020	21/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	10/09/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	01/07/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	20/06/2013	08/08/2013	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	27/06/2013	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 31/12/2025 · 1 active · 3 ended

Active mandates

Thomas Lobel

Director · since 20 octobre 2011

Active

Ended mandates

THOMAS LOBEL

Administrator - manager · since 20 octobre 2011 · until 31 décembre 2012

Ended

THOMAS LOBEL

Director

Ended

THOMAS LOBEL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other24/10/2011
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

2025
Annual accounts 2025189,1 k €↓
2024
Annual accounts 2024194,3 k €↑
2023
Annual accounts 2023173,4 k €↑
2022
Annual accounts 2022173,0 k €↑
2021
Annual accounts 2021111,2 k €↓
2020
Annual accounts 2020127,7 k €↓
2019
Annual accounts 2019139,3 k €↑
2018
Annual accounts 2018118,9 k €↑
2017
Annual accounts 201780,1 k €↑
2016
Annual accounts 201667,2 k €↑
2015
Annual accounts 201552,4 k €↑
2014
Annual accounts 201451,0 k €↓
2013
Annual accounts 201369,2 k €↓
2012
Annual accounts 2012101,2 k €
20/10/2011
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

THL-CONSULT

Overview

What does THL-CONSULT do?

Trend over 14 financial years

Indicative valuation

Board of directors

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