ACTIVE

THIVER

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Financial year 2025 · closed on 30/06/2025

Net result

6,2 k €

+255.9% YoY

Gross margin

11,2 k €

+11.5% YoY

Equity

439 k €

+0.3% YoY

What does THIVER do?

THIVER is a Public limited company incorporated in 2003. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.224.297

Incorporation

11/06/2003

Legal form

Public limited company

Registered office

Rue Côte-d'Or 279
4000 Liège · WallonieSee on map

Contributed capital

426 400,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	11,2 k €	+11.5%	10,1 k €	-10.9%	11,3 k €	-0.3%	11,3 k €	-1.1%	11,5 k €	-2.4%	11,7 k €	+4.4%	11,2 k €	-1.4%	11,4 k €	+0.7%	11,3 k €	+58.4%	7,1 k €	+780%	812 €	-88.2%	6,9 k €	-47.1%	13,1 k €	+12.4%	11,6 k €	-7.6%	12,6 k €	+10.6%	11,4 k €	-1.2%	11,5 k €	-0.0%	11,5 k €	+4.7%	11 k €
EBITDA	11 k €	+14.3%	9,6 k €	-14.8%	11,3 k €	+1.7%	11,1 k €	-1.1%	11,2 k €	-2.4%	11,5 k €	+4.5%	11 k €	-1.4%	11,2 k €	+0.7%	11,1 k €	+60.3%	6,9 k €	+1070%	592 €	-91.1%	6,7 k €	-17.0%	8,1 k €	-28.5%	11,3 k €	-7.8%	12,2 k €	+10.9%	11 k €	-1.3%	11,2 k €	-0.8%	11,3 k €	+4.5%	10,8 k €
Operating result	6,9 k €	+134%	3 k €	-36.1%	4,6 k €	+4.2%	4,5 k €	-2.7%	4,6 k €	-5.7%	4,9 k €	+11.4%	4,4 k €	-3.6%	4,5 k €	+1.7%	4,5 k €	+1507%	277 €	-53.2%	592 €	+1591%	35 €	-97.5%	1,4 k €	-69.6%	4,6 k €	-17.1%	5,6 k €	+27.6%	4,4 k €	-3.3%	4,5 k €	-1.9%	4,6 k €	+11.8%	4,1 k €
Net result	6,2 k €	+256%	1,7 k €	-49.9%	3,5 k €	+6.8%	3,2 k €	+23.5%	2,6 k €	-33.0%	3,9 k €	+38.4%	2,8 k €	-6.2%	3 k €	-30.8%	4,4 k €	+5659%	75,7 €	-67.4%	232 €	+563%	35 €	-44.4%	63 €	-98.2%	3,6 k €	-5.0%	3,8 k €	+143%	1,6 k €	+111%	739 €	+119%	337 €	-91.8%	4,1 k €
Balance sheet
Equity	439 k €	+0.3%	437,8 k €	+0.4%	436,1 k €	+0.1%	435,6 k €	+0.1%	435,4 k €	+0.1%	434,8 k €	+0.2%	433,9 k €	+0.2%	433 k €	+0.2%	432 k €	+0.1%	431,7 k €	+0.0%	431,6 k €	+0.1%	431,4 k €	+0.0%	431,3 k €	+0.0%	431,3 k €	+0.8%	427,8 k €	+0.9%	424 k €	+0.4%	422,4 k €	+0.2%	421,7 k €	+0.1%	421,3 k €
Total assets	566,2 k €	+1.1%	560,1 k €	-0.2%	561,3 k €	+0.1%	560,9 k €	+0.2%	559,6 k €	-0.1%	560 k €	+0.3%	558,1 k €	+0.1%	557,3 k €	-0.2%	558,3 k €	-0.1%	558,7 k €	-1.2%	565,4 k €	-0.0%	565,5 k €	-1.2%	572,1 k €	-1.5%	580,5 k €	-1.2%	587,4 k €	-1.1%	593,7 k €	-1.6%	603,6 k €	-2.6%	620 k €	-2.5%	635,7 k €
Cash	260,7 €	+370%	55,5 €		–		–		–		421,4 €	+96.0%	215 €	-65.9%	630,2 €	+1686%	35,3 €	+271%	9,5 €	-84.2%	60 €	-39.4%	99 €	+148%	40 €	-97.8%	1,8 k €	-10.5%	2 k €	+21.2%	1,7 k €	-33.6%	2,5 k €	+13.2%	2,2 k €	-29.6%	3,2 k €
Debts	127,3 k €	+4.1%	122,3 k €	-2.4%	125,3 k €	0.0%	125,3 k €	+0.8%	124,3 k €	-0.8%	125,3 k €	+0.8%	124,3 k €	0.0%	124,3 k €	-1.6%	126,3 k €	-0.6%	127,1 k €	-5.1%	133,9 k €	-0.2%	134,1 k €	-4.7%	140,8 k €	-5.7%	149,2 k €	-6.5%	159,6 k €	-5.9%	169,7 k €	-6.3%	181,2 k €	-8.6%	198,3 k €	-7.5%	214,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2021 · 2 active · 1 ended

Active mandates

THIERRY KEUTER

Mandate

Active

VERONIQUE KEUTER

Mandate

Active

Ended mandates

JEAN-PAUL KEUTER

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
CO-JOINT● Active	0428.322.009

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	13/12/2024	05/12/2023	15/12/2022	17/12/2021	11/12/2020
General meeting	04/12/2025	10/12/2024	05/12/2023	01/12/2022	02/12/2021	03/12/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	04/12/2025	08/12/2025	French	PDF
Abridged model	30/06/2024	10/12/2024	13/12/2024	French	PDF
Abridged model	30/06/2023	05/12/2023	05/12/2023	French	PDF
Abridged model	30/06/2022	01/12/2022	15/12/2022	French	PDF
Abridged model	30/06/2021	02/12/2021	17/12/2021	French	PDF
Abridged model	30/06/2020	03/12/2020	11/12/2020	French	PDF
Abridged model	30/06/2019	03/12/2019	22/01/2020	French	PDF
Abridged model	30/06/2018	03/12/2018	19/12/2018	French	PDF
Abridged model	30/06/2017	04/12/2017	18/12/2017	French	PDF
Abridged model	30/06/2016	05/12/2016	19/12/2016	French	PDF
Abridged model	30/06/2015	05/12/2015	16/12/2015	French	PDF
Abridged model	30/06/2014	05/12/2014	15/12/2014	French	PDF
Abridged model	30/06/2013	06/12/2013	26/12/2013	French	PDF
Abridged model	30/06/2012	07/12/2012	19/12/2012	French	PDF
Abridged model	30/06/2011	07/11/2011	10/11/2011	French	PDF
Abridged model	30/06/2010	13/12/2010	23/12/2010	French	PDF
Abridged model	30/06/2009	14/12/2009	17/12/2009	French	PDF
Abridged model	30/06/2008	15/12/2008	17/12/2008	French	PDF
Abridged model	30/06/2007	14/12/2007	20/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2021 · 2 active · 1 ended

Active mandates

THIERRY KEUTER

Mandate

Active

VERONIQUE KEUTER

Mandate

Active

Ended mandates

JEAN-PAUL KEUTER

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2007
DEMISSIONS, NOMINATIONS
PDF
Registered office02/09/2005
SIEGE SOCIAL
PDF
Capital / shares19/03/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other19/06/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20256,2 k €↑
2024
Annual accounts 20241,7 k €↓
2023
Annual accounts 20233,5 k €↑
2022
Annual accounts 20223,2 k €↑
2021
Annual accounts 20212,6 k €↓
2020
Annual accounts 20203,9 k €↑
2019
Annual accounts 20192,8 k €↓
2018
Annual accounts 20183 k €↓
2017
Annual accounts 20174,4 k €↑
2016
Annual accounts 201675,7 €↓
2015
Annual accounts 2015232 €↑
2014
Annual accounts 201435 €↓
2013
Annual accounts 201363 €↓
2012
Annual accounts 20123,6 k €↓
2011
Annual accounts 20113,8 k €↑
2010
Annual accounts 20101,6 k €↑
2009
Annual accounts 2009739 €↑
2008
Annual accounts 2008337 €↓
2007
Annual accounts 20074,1 k €
11/06/2003
IncorporationPublic 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

THIVER

Overview

What does THIVER do?

Trend over 19 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