ACTIVE

THIBERN

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Financial year 2025 · closed on 31/12/2025

Net result

-4 k €

-13.1% YoY

Gross margin

-2,5 k €

-17.0% YoY

Equity

1,8 M €

-0.2% YoY

What does THIBERN do?

THIBERN is a Private limited company incorporated in 2011. Its main activity is: Support activities for crop production. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.120.643

Incorporation

26/12/2011

Legal form

Private limited company

Registered office

Voorhavenlaan 84
9000 Gent · FlandreSee on map

Contributed capital

1 801 079,17 €

Latest accounts

31/12/2025

Activities (NACE)

01610Support activities for crop production· main 70200Management consultancy activities 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidity

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Health score

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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	-2,5 k €	-17.0%	-2,1 k €	-537%	483,9 €	+200%	-481,6 €	-138%	1,3 k €	-27.4%	1,8 k €	+9.5%	1,6 k €	-37.4%	2,6 k €	-12.7%	2,9 k €	+377%	614,8 €	-78.7%	2,9 k €	-42.6%	5 k €	-68.7%	16 k €	-34.4%	24,5 k €
EBITDA	-3,6 k €	-12.2%	-3,2 k €	-1016%	352,2 €	+124%	-1,5 k €	-617%	284,7 €	-62.9%	767,1 €	+27.6%	601,2 €	-61.5%	1,6 k €	-12.7%	1,8 k €	+573%	-378,3 €	-120%	1,9 k €	-46.0%	3,5 k €	-77.9%	15,8 k €	-35.0%	24,3 k €
Operating result	-3,6 k €	-12.2%	-3,2 k €	-1016%	352,2 €	+124%	-1,5 k €	-617%	284,7 €	-62.9%	767,1 €	+27.6%	601,2 €	-61.5%	1,6 k €	-12.7%	1,8 k €	+573%	-378,3 €	-120%	1,9 k €	-46.0%	3,5 k €	-77.9%	15,8 k €	-35.0%	24,3 k €
Net result	-4 k €	-13.1%	-3,5 k €	-1827%	203,6 €	+112%	-1,7 k €	-1541%	117,1 €	-64.0%	325,6 €	+47.9%	220,2 €	-73.7%	836,7 €	-4.8%	879,2 €	-26.9%	1,2 k €	-52.1%	2,5 k €	-25.6%	3,4 k €	-67.6%	10,4 k €	-33.9%	15,7 k €
Balance sheet
Equity	1,8 M €	-0.2%	1,8 M €	-0.2%	1,8 M €	+0.0%	1,8 M €	-0.1%	1,8 M €	+0.0%	1,8 M €	+0.0%	1,8 M €	+0.0%	1,8 M €	+0.0%	1,8 M €	+41.5%	1,3 M €	+0.1%	1,3 M €	+0.2%	1,3 M €	+0.3%	1,3 M €	+0.8%	1,3 M €
Total assets	1,8 M €	-0.2%	1,8 M €	-0.3%	1,8 M €	-0.0%	1,8 M €	-0.2%	1,8 M €	-0.0%	1,8 M €	+0.0%	1,8 M €	-0.0%	1,8 M €	+0.1%	1,8 M €	-0.0%	1,8 M €	+0.0%	1,8 M €	-0.0%	1,8 M €	+0.5%	1,8 M €	-0.2%	1,8 M €
Cash	5,1 k €	-9.5%	5,6 k €	+65.6%	3,4 k €	+138%	1,4 k €	-96.1%	36,7 k €	-6.4%	39,2 k €	-2.2%	40,1 k €	-0.3%	40,2 k €	+2.5%	39,3 k €	+460%	7 k €	-29.3%	9,9 k €	-23.0%	12,9 k €	-55.5%	28,9 k €	+5.1%	27,5 k €
Debts	1 k €		–		2,5 k €	-12.8%	2,9 k €	-39.5%	4,8 k €	-6.2%	5,1 k €	+2.7%	4,9 k €	-6.4%	5,3 k €	+2.6%	5,1 k €	-99.1%	543,9 k €	-0.1%	544,5 k €	-0.6%	547,8 k €	+1.0%	542,6 k €	-2.4%	556,2 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 · 2 ended

Active mandates

Freddy KETELS

Director

Active

Ended mandates

Bernard Ketels

Manager

Ended

Freddy Ketels

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BERJO● Active	0425.732.703
Scheepsherstellingen Ketels● Active	0565.959.366
WERKHUIZEN FLORIMOND KETELS● Active	0419.096.418

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	11/06/2026	17/06/2025	13/06/2024	09/06/2023	16/06/2022	09/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	11/06/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	13/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	04/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	04/06/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	23/05/2013	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 · 2 ended

Active mandates

Freddy KETELS

Director

Active

Ended mandates

Bernard Ketels

Manager

Ended

Freddy Ketels

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/09/2022
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/07/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates30/07/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/12/2012
MAATSCHAPPELIJKE ZETEL
PDF
Other02/02/2012
DIVERSEN
PDF
Other06/01/2012
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 2025-4 k €↓
2024
Annual accounts 2024-3,5 k €↓
2023
Annual accounts 2023203,6 €↑
2022
Annual accounts 2022-1,7 k €↓
2021
Annual accounts 2021117,1 €↓
2020
Annual accounts 2020325,6 €↑
2019
Annual accounts 2019220,2 €↓
2018
Annual accounts 2018836,7 €↓
2017
Annual accounts 2017879,2 €↓
2016
Annual accounts 20161,2 k €↓
2015
Annual accounts 20152,5 k €↓
2014
Annual accounts 20143,4 k €↓
2013
Annual accounts 201310,4 k €↓
2012
Annual accounts 201215,7 k €
26/12/2011
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

THIBERN

Overview

What does THIBERN do?

Trend over 14 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