ACTIVE

THEMA INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result192,1 k €+41,5 %over 1 year
Gross margin-54,3 k €+80,1 %over 1 year
Equity151,8 M €+0,1 %over 1 year
Workforce1,3 ETP-27,8 %over 1 year

Identity

Source · BCE/KBO

THEMA INVEST is a Public limited company incorporated in 2012. Its main activity is: Activities of holding companies. Its registered office is in Jalhay. It employs on average 1,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0849.814.327
Incorporation
23/10/2012
Legal form
Public limited company
Registered office
Tiège(SART) 76 box E
4845 Jalhay · WallonieSee on map
Contributed capital
1 165 000,00 €
Latest accounts
31/12/2025
Average workforce
1,3 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-54,3 k €-272,8 k €-251,9 k €224,4 k €185,8 k €
EBITDA-160,6 k €-466,7 k €-414,1 k €102,2 k €139,6 k €
Operating result-258,5 k €-602,2 k €-680,7 k €15,5 k €55,5 k €
Net result192,1 k €135,8 k €145,6 M €2 M €727,1 k €
Balance sheet
Equity151,8 M €151,6 M €151,5 M €5,9 M €5,5 M €
Total assets161,3 M €157,9 M €156,9 M €9,6 M €9,1 M €
Cash105,9 k €160,4 k €263,7 k €634 k €628,7 k €
Debts9,5 M €6,3 M €5,4 M €3,7 M €3,6 M €
Other
Workforce1,3 ETP1,8 ETP1,8 ETP1,8 ETP0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 5 ended

Active mandates

Stéphane Dauvister

Director · since 21 novembre 2022

Active

Ended mandates

Natacha Grandjean

Director · since 30 mars 2022 · until 21 novembre 2022

Ended
Natacha Grandjean

Director · since 24 octobre 2018 · until 23 octobre 2024

Ended
STEPHANE DAUVISTER

Managing director · since 24 octobre 2018 · until 23 octobre 2024

Ended
NATACHA GRANDJEAN

Director · since 23 octobre 2012 · until 23 octobre 2018

Ended

Other companies at this address

Tiège(SART) 76 4845 Jalhay
CompanyCBE no.
IMMOFIDES● Active
0547.659.030
PRESS'GOURMANDE● Active
0897.471.318
THEMA INVEST IMMO● Active
0826.097.827

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202614/08/202519/08/202413/07/202327/06/202202/08/2021
General meeting26/06/202618/07/202519/07/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202607/07/2026FrenchPDF
Abridged model31/12/202418/07/202514/08/2025FrenchPDF
Abridged model31/12/202319/07/202419/08/2024FrenchPDF
Abridged model31/12/202230/06/202313/07/2023FrenchPDF
Abridged model31/12/202124/06/202227/06/2022FrenchPDF
Abridged model31/12/202025/06/202102/08/2021FrenchPDF
Abridged model31/12/201926/06/202016/07/2020FrenchPDF
Abridged model31/12/201828/06/201915/07/2019FrenchPDF
Abridged model31/12/201729/06/201818/07/2018FrenchPDF
Abridged model31/12/201630/06/201729/08/2017FrenchPDF
Abridged model31/12/201524/06/201618/08/2016FrenchPDF
Abridged model31/12/201426/06/201531/08/2015FrenchPDF
Abridged model31/12/201327/06/201422/08/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 5 ended

Active mandates

Stéphane Dauvister

Director · since 21 novembre 2022

Active

Ended mandates

Natacha Grandjean

Director · since 30 mars 2022 · until 21 novembre 2022

Ended
Natacha Grandjean

Director · since 24 octobre 2018 · until 23 octobre 2024

Ended
STEPHANE DAUVISTER

Managing director · since 24 octobre 2018 · until 23 octobre 2024

Ended
NATACHA GRANDJEAN

Director · since 23 octobre 2012 · until 23 octobre 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/12/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/04/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/01/2017
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other11/03/2015
    DIVERS
    PDF
  • Capital / shares31/12/2012
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other05/11/2012
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

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 2025192,1 k €↑
  2. 2024
    Annual accounts 2024135,8 k €↓
  3. 2023
    Annual accounts 2023145,6 M €↑
  4. 2022
    Annual accounts 20222 M €↑
  5. 21/11/2022
    nominationDAUVISTER Stéphane — administrateur unique
  6. 21/11/2022
    reduction_capital
  7. 2021
    Annual accounts 2021727,1 k €
  8. 23/10/2012
    IncorporationPublic limited company