ACTIVE

Therasystemo

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Financial year 2025 · closed on 31/12/2025

Net result

8,7 k €

-1.9% YoY

Gross margin

14 k €

+0.8% YoY

Equity

51,6 k €

+20.4% YoY

What does Therasystemo do?

Therasystemo is a Private limited company incorporated in 2004. Its main activity is: Pre-primary education. Its registered office is in Couvin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.626.218

Incorporation

07/06/2004

Legal form

Private limited company

Registered office

Avenue de la Libération 93
5660 Couvin · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

85143Pre-primary education· main 86909Other human health activities 86995Other human health activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	14 k €	+0.8%	13,9 k €	-22.7%	17,9 k €	+41.2%	12,7 k €	-9.0%	14 k €	+44.6%	9,6 k €	+425%	1,8 k €	-62.2%	4,9 k €	+192%	-5,3 k €	-155%	9,6 k €	-34.2%	14,5 k €	+74.2%	8,3 k €	-37.8%	13,4 k €	+387%	2,8 k €	-70.7%	9,4 k €	+18.8%	7,9 k €	-43.6%	14 k €	+9.6%	12,8 k €	-9.0%	14,1 k €	+41.6%	9,9 k €
EBITDA	13,3 k €	+0.7%	13,2 k €	-23.7%	17,3 k €	+42.3%	12,1 k €	-9.9%	13,5 k €	+47.3%	9,1 k €	+632%	1,2 k €	-69.9%	4,1 k €	+169%	-6 k €	-168%	8,8 k €	-35.9%	13,8 k €	+82.0%	7,6 k €	-40.2%	12,7 k €	+520%	2 k €	-76.5%	8,7 k €	+20.5%	7,2 k €	-45.8%	13,3 k €	+10.8%	12 k €	-9.2%	13,3 k €	+45.7%	9,1 k €
Operating result	13,3 k €	+0.7%	13,2 k €	-23.3%	17,2 k €	+95.3%	8,8 k €	+1.9%	8,6 k €	+100%	4,3 k €	+220%	-3,6 k €	-239%	2,6 k €	+139%	-6,6 k €	-240%	4,7 k €	-51.1%	9,7 k €	+149%	3,9 k €	-56.6%	9 k €	+383%	1,9 k €	-31.9%	2,7 k €	+119%	1,2 k €	-83.3%	7,5 k €	+11.3%	6,7 k €	-6.6%	7,2 k €	-12.7%	8,2 k €
Net result	8,7 k €	-1.9%	8,9 k €	-23.3%	11,6 k €	+101%	5,8 k €	+14.8%	5 k €	+65.9%	3 k €	+175%	-4,1 k €	-295%	2,1 k €	+130%	-6,8 k €	-485%	1,8 k €	-70.7%	6,1 k €	+78.5%	3,4 k €	-50.4%	6,9 k €	+336%	1,6 k €	-19.8%	2 k €	+207%	639,4 €	-87.8%	5,3 k €	+16.1%	4,5 k €	-15.4%	5,3 k €	-18.4%	6,6 k €
Balance sheet
Equity	51,6 k €	+20.4%	42,9 k €	+26.2%	34 k €	+51.9%	22,4 k €	-1.8%	22,8 k €	-2.0%	23,2 k €	+15.0%	20,2 k €	-16.7%	24,3 k €	+9.4%	22,2 k €	-57.0%	51,5 k €	+3.6%	49,7 k €	+13.9%	43,7 k €	-2.4%	44,8 k €	+10.8%	40,4 k €	+4.1%	38,8 k €	+5.3%	36,8 k €	+1.8%	36,2 k €	+17.0%	31 k €	+17.1%	26,4 k €	+25.4%	21,1 k €
Total assets	52,5 k €	+20.3%	43,7 k €	+19.8%	36,5 k €	+37.9%	26,4 k €	+0.2%	26,4 k €	-14.7%	30,9 k €	+9.9%	28,2 k €	-29.3%	39,8 k €	-18.4%	48,8 k €	-13.8%	56,6 k €	-2.7%	58,2 k €	+10.0%	52,9 k €	+3.3%	51,2 k €	+13.5%	45,1 k €	+9.5%	41,2 k €	-7.5%	44,6 k €	-9.7%	49,4 k €	+2.4%	48,2 k €	-5.2%	50,9 k €	+115%	23,7 k €
Cash	51,4 k €	+20.6%	42,6 k €	+23.0%	34,6 k €	+37.6%	25,2 k €	+14.3%	22 k €	+2.6%	21,5 k €	+64.4%	13,1 k €	-15.9%	15,5 k €	-64.4%	43,6 k €	-18.8%	53,8 k €	+6.8%	50,4 k €	+15.2%	43,7 k €	+11.2%	39,3 k €	-5.7%	41,7 k €	+9.3%	38,1 k €	+10.0%	34,6 k €	-1.3%	35,1 k €	+20.2%	29,2 k €	+15.7%	25,2 k €	+29.3%	19,5 k €
Debts	892,3 €	+13.6%	785,4 €	-68.2%	2,5 k €	-38.9%	4 k €	+12.9%	3,6 k €	-53.4%	7,7 k €	-1.5%	7,8 k €	-49.4%	15,5 k €	-41.7%	26,5 k €	+432%	5 k €	-40.1%	8,3 k €	-8.8%	9,1 k €	+41.4%	6,5 k €	+35.8%	4,8 k €	+96.0%	2,4 k €	-68.6%	7,7 k €	-41.3%	13,2 k €	-23.8%	17,3 k €	-29.3%	24,4 k €	+884%	2,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Dominique MODAVE

Director

Active

Ended mandates

Dominique MODAVE

Manager · since 28 mai 2004

Ended

Dominique MODAVE

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	29/05/2026	03/06/2025	08/08/2024	29/06/2023	13/06/2022	09/06/2021
General meeting	23/05/2026	03/05/2025	04/05/2024	06/05/2023	07/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	23/05/2026	29/05/2026	French	PDF
Micro model	31/12/2024	03/05/2025	03/06/2025	French	PDF
Micro model	31/12/2023	04/05/2024	08/08/2024	French	PDF
Micro model	31/12/2022	06/05/2023	29/06/2023	French	PDF
Micro model	31/12/2021	07/05/2022	13/06/2022	French	PDF
Micro model	31/12/2020	03/05/2021	09/06/2021	French	PDF
Micro model	31/12/2019	23/05/2020	17/07/2020	French	PDF
Micro model	31/12/2018	04/05/2019	17/05/2019	French	PDF
Micro model	31/12/2017	05/05/2018	31/05/2018	French	PDF
Micro model	31/12/2016	27/05/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	25/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	04/05/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	05/05/2012	24/07/2012	French	PDF
Abridged model	31/12/2010	07/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	07/06/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	05/05/2007	22/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 1 active · 2 ended

Active mandates

Dominique MODAVE

Director

Active

Ended mandates

Dominique MODAVE

Manager · since 28 mai 2004

Ended

Dominique MODAVE

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20258,7 k €↓
2024
Annual accounts 20248,9 k €↓
2023
Annual accounts 202311,6 k €↑
2022
Annual accounts 20225,8 k €↑
2022
Name changeTHERASYSTEMO
2021
Annual accounts 20215 k €↑
2021
Name changePSYCONSULT DOMINIQUE MODAVE
2020
Annual accounts 20203 k €↑
2019
Annual accounts 2019-4,1 k €↓
2018
Annual accounts 20182,1 k €↑
2017
Annual accounts 2017-6,8 k €↓
2016
Annual accounts 20161,8 k €↓
2015
Annual accounts 20156,1 k €↑
2014
Annual accounts 20143,4 k €↓
2013
Annual accounts 20136,9 k €↑
2012
Annual accounts 20121,6 k €↓
2011
Annual accounts 20112 k €↑
2010
Annual accounts 2010639,4 €↓
2009
Annual accounts 20095,3 k €↑
2008
Annual accounts 20084,5 k €↓
2007
Annual accounts 20075,3 k €↓
2006
Annual accounts 20066,6 k €
07/06/2004
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

Therasystemo

Overview

What does Therasystemo do?

Trend over 20 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

Similar companies

Similar companies

Timeline