THEO Technologies
0847.829.290 · rovalta.com · 22/09/2026
ACTIVE
THEO Technologies
Financial year 2023 · closed on 31/12/2023
Net result
593,6 k €
+183.9% YoY
Revenue
6,7 M €
+38.7% YoY
Equity
2,1 M €
+87.2% YoY
Workforce
36,0 ETP
-17.8% YoY
Overview
What does THEO Technologies do?
THEO Technologies is a Private limited company incorporated in 2012. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 36,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0847.829.290
Incorporation
31/07/2012
Legal form
Private limited company
Registered office
Philipssite 5 box 1
3001 Leuven · FlandreSee on map
3001 Leuven · FlandreSee on map
Contributed capital
1 182 319,70 €
Latest accounts
31/12/2023
Average workforce
36,0 ETP
Activities (NACE)
Joint committees (2)
- 200
- 20000
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 9 financial years
| 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Revenue | 6,7 M € | +38.7% | 4,8 M € | – | – | – | – | – | – | – | |||||||
| EBITDA | 3,6 M € | +87.5% | 1,9 M € | +157% | 755,8 k € | +688% | -128,5 k € | +24.3% | -169,7 k € | -288% | -43,7 k € | -5676% | -757,2 € | +97.0% | -25,6 k € | -185% | 30 k € |
| Operating result | -63,4 k € | +95.2% | -1,3 M € | +17.6% | -1,6 M € | -29.4% | -1,2 M € | -194% | -423,3 k € | -226% | -130 k € | -2764% | -4,5 k € | +83.6% | -27,8 k € | -203% | 26,9 k € |
| Net result | 593,6 k € | +184% | -707,2 k € | +34.5% | -1,1 M € | -92.8% | -559,9 k € | -66.5% | -336,3 k € | -321% | -79,9 k € | -1240% | -6 k € | +78.8% | -28,1 k € | -206% | 26,6 k € |
| Balance sheet | |||||||||||||||||
| Equity | 2,1 M € | +87.2% | 1,1 M € | -47.6% | 2,1 M € | +29.6% | 1,7 M € | +843% | 175,2 k € | +44.1% | 121,5 k € | +989% | 11,2 k € | -34.8% | 17,1 k € | -62.1% | 45,2 k € |
| Total assets | 10,7 M € | +9.5% | 9,8 M € | -11.9% | 11,1 M € | +140% | 4,6 M € | +93.4% | 2,4 M € | +51.7% | 1,6 M € | +387% | 324,7 k € | +764% | 37,6 k € | -28.1% | 52,3 k € |
| Cash | 183,1 k € | -81.9% | 1 M € | -52.4% | 2,1 M € | +262% | 585,1 k € | +298% | 146,9 k € | -85.0% | 978,3 k € | +4193% | 22,8 k € | +24.3% | 18,3 k € | -41.4% | 31,3 k € |
| Debts | 4,3 M € | -21.3% | 5,4 M € | -15.5% | 6,4 M € | +544% | 999,1 k € | +18.2% | 845,3 k € | +10.9% | 762,2 k € | +1483% | 48,2 k € | +135% | 20,5 k € | +189% | 7,1 k € |
| Other | |||||||||||||||||
| Workforce | 36,0 ETP | -17.8% | 43,8 ETP | -28.9% | 61,6 ETP | +75.5% | 35,1 ETP | +50.0% | 23,4 ETP | +146% | 9,5 ETP | +313% | 2,3 ETP | – | – | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2023 · 3 active · 25 ended
Active mandates
Ended mandates
Pieter-Jan Speelmans
EndedSteven Tielemans
EndedAbout sound and vision LTD
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 30/09/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 9 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 18/07/2025 | 07/05/2024 | 03/07/2023 | 30/06/2022 | 01/06/2021 | 09/10/2020 |
| General meeting | 18/07/2025 | 03/05/2024 | 23/06/2023 | 23/06/2022 | 07/05/2021 | 09/10/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
12 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/09/2024 | 18/07/2025 | 18/07/2025 | Dutch | |
| Full model | 31/12/2023 | 03/05/2024 | 07/05/2024 | Dutch | |
| Full model | 31/12/2022 | 23/06/2023 | 03/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 23/06/2022 | 30/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 07/05/2021 | 01/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 09/10/2020 | 09/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 27/09/2019 | 27/09/2019 | Dutch | |
| Abridged model | 31/12/2017 | 29/06/2018 | 27/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 28/08/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 03/06/2016 | 16/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 15/06/2015 | 10/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/05/2014 | 28/05/2014 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2023 · 3 active · 25 ended
Active mandates
Ended mandates
Pieter-Jan Speelmans
EndedSteven Tielemans
EndedAbout sound and vision LTD
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other24/10/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
- Capital / shares15/09/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Mandates30/05/2025ONTSLAGEN - BENOEMINGEN
- Mandates21/10/2024KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Mandates24/09/2024ONTSLAGEN - BENOEMINGEN
- Mandates20/09/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Capital / shares02/08/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
- Capital / shares02/08/2024KAPITAAL - AANDELEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2023Annual accounts 2023593,6 k €↑
- 2022Annual accounts 2022-707,2 k €↑
- 2021Annual accounts 2021-1,1 M €↓
- 2018Annual accounts 2018-559,9 k €↓
- 2017Annual accounts 2017-336,3 k €↓
- 2016Annual accounts 2016-79,9 k €↓
- 2016Name changeTHEO Technologies
- 2015Annual accounts 2015-6 k €↑
- 2014Annual accounts 2014-28,1 k €↓
- 2013Annual accounts 201326,6 k €
- 2013Name changeThe Virtual Cable Company
- 31/07/2012IncorporationPrivate limited company