ACTIVE

THELIOS

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Financial year 2025 · closed on 31/12/2025

Net result

-50,3 k €

-113.4% YoY

Gross margin

190,5 k €

+39.0% YoY

Equity

6,3 M €

-5.3% YoY

What does THELIOS do?

THELIOS is a Public limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Jurbise.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.693.531

Incorporation

24/08/2005

Legal form

Public limited company

Registered office

Chemin du Prince(EL) 143
7050 Jurbise · WallonieSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68203Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	190,5 k €	+39.0%	137,1 k €	+92.7%	71,1 k €	+132%	30,7 k €	+5228%	576,7 €	+101%	-41,7 k €	+91.3%	-480,1 k €	-4243%	11,6 k €	+24.7%	9,3 k €	-89.4%	87,5 k €	-14.4%	102,3 k €	+7.8%	94,9 k €	-8.8%	104,1 k €	+14.0%	91,3 k €	+26.7%	72 k €	-1.0%	72,8 k €	-2.8%	74,8 k €	+202%	24,8 k €	+49.2%	16,6 k €	-21.8%	21,3 k €
EBITDA	33,5 k €	-69.4%	109,5 k €	+134%	46,7 k €	+374%	-17 k €	-11.2%	-15,3 k €	+70.0%	-51,1 k €	+91.7%	-618,2 k €	-7566%	8,3 k €	+9.3%	7,6 k €	-86.8%	57,2 k €	-39.5%	94,6 k €	+2.6%	92,2 k €	-9.6%	102 k €	+13.9%	89,5 k €	+37.5%	65,1 k €	-8.3%	70,9 k €	-1.1%	71,7 k €	+191%	24,7 k €	+55.1%	15,9 k €	-25.2%	21,3 k €
Operating result	-191,3 k €	-35.9%	-140,7 k €	+23.9%	-185 k €	+40.5%	-311,1 k €	-31.3%	-237 k €	-82.6%	-129,8 k €	+83.1%	-767,3 k €	-1350%	-52,9 k €	-10.8%	-47,7 k €	-260%	29,9 k €	-62.1%	78,8 k €	+8.7%	72,5 k €	-12.7%	83 k €	+17.8%	70,5 k €	+53.0%	46,1 k €	-11.3%	51,9 k €	+2.7%	50,6 k €	+1189%	3,9 k €	+307%	965 €	-95.0%	19,3 k €
Net result	-50,3 k €	-113%	376,5 k €	+411%	73,6 k €	+4752%	1,5 k €	+101%	-181,4 k €	-97.5%	-91,8 k €	-101%	11,7 M €	+4474%	256,6 k €	-60.8%	655,2 k €	+174%	238,8 k €	-69.1%	771,8 k €	+22.9%	627,8 k €	+0.8%	622,8 k €	+660%	81,9 k €	+298%	20,6 k €	-93.7%	325,4 k €	+35.5%	240,1 k €	+181%	85,4 k €	+77.1%	48,2 k €	+68.8%	28,6 k €
Balance sheet
Equity	6,3 M €	-5.3%	6,7 M €	+6.0%	6,3 M €	-21.6%	8 M €	-21.0%	10,1 M €	-9.3%	11,2 M €	-6.8%	12 M €	+1303%	854,8 k €	-60.2%	2,1 M €	+43.9%	1,5 M €	-10.4%	1,7 M €	-10.2%	1,9 M €	+34.7%	1,4 M €	+52.2%	905,1 k €	+3.7%	873,2 k €	+2.4%	852,6 k €	+61.7%	527,2 k €	+83.6%	287,1 k €	+42.3%	201,8 k €	+31.4%	153,6 k €
Total assets	8,6 M €	-7.7%	9,3 M €	-16.1%	11,1 M €	-21.1%	14,1 M €	-6.3%	15,1 M €	-6.1%	16 M €	-2.1%	16,4 M €	+296%	4,1 M €	+45.5%	2,8 M €	-4.5%	3 M €	+4.4%	2,9 M €	-11.9%	3,2 M €	+1.0%	3,2 M €	+4.3%	3,1 M €	+18.4%	2,6 M €	-1.6%	2,6 M €	+4.6%	2,5 M €	+65.6%	1,5 M €	+2.1%	1,5 M €	+149%	598,4 k €
Cash	351,2 k €	-49.5%	695,3 k €	-15.6%	823,4 k €	-46.1%	1,5 M €	-25.5%	2 M €	-35.3%	3,2 M €	-53.6%	6,8 M €	+7852%	85,9 k €	-64.2%	239,8 k €	+33.9%	179,1 k €	-9.9%	198,7 k €	-34.7%	304,1 k €	+6.9%	284,6 k €	+979%	26,4 k €	-90.9%	288,6 k €	-7.4%	311,6 k €	+23.5%	252,4 k €	+553%	38,6 k €	-76.5%	164,5 k €	+976%	15,3 k €
Debts	2,3 M €	-13.6%	2,7 M €	-44.8%	4,9 M €	-20.4%	6,1 M €	+23.7%	4,9 M €	+1.3%	4,9 M €	+10.4%	4,4 M €	+34.5%	3,3 M €	+371%	695,1 k €	-53.1%	1,5 M €	+25.6%	1,2 M €	-13.9%	1,4 M €	-24.5%	1,8 M €	-15.7%	2,2 M €	+26.3%	1,7 M €	-3.5%	1,8 M €	-10.3%	2 M €	+62.7%	1,2 M €	-4.5%	1,3 M €	+188%	440,7 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 31/12/2025 · 2 active · 13 ended

Active mandates

JOEL FRANCOIS VAN HERCK

Managing director · since 18 juin 2021 · until 10 mai 2027

Active

THEO JACQUES VAN HERCK

Managing director · since 18 juin 2021 · until 10 mai 2027

Active

Ended mandates

JOEL FRANCOIS VAN HERCK

Managing director · since 18 juin 2021

Ended

THEO JACQUES VAN HERCK

Managing director · since 18 juin 2021

Ended

THEO JACQUES VAN HERCK

Managing director · since 30 septembre 2019 · until 11 mai 2023

Ended

Théo VAN HERCK

Managing director · since 30 septembre 2019 · until 11 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ELIOT● Active	0822.391.140

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	28/08/2026	20/08/2025	03/07/2024	30/08/2023	19/07/2023	20/08/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/05/2026	28/08/2026	French	PDF
Micro model	31/12/2024	12/05/2025	20/08/2025	French	PDF
Micro model	31/12/2023	13/05/2024	03/07/2024	French	PDF
Micro model	31/12/2022	08/05/2023	30/08/2023	French	PDF
Abridged modelCorrection	31/12/2021	09/05/2022	19/07/2023	French	PDF
Abridged model	31/12/2021	09/05/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	20/08/2021	French	PDF
Abridged model	31/12/2019	11/05/2020	04/08/2020	French	PDF
Abridged model	31/12/2018	30/04/2019	11/06/2019	French	PDF
Abridged model	31/12/2017	10/05/2018	11/06/2018	French	PDF
Abridged model	31/12/2016	01/02/2017	22/02/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	13/05/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	23/05/2012	French	PDF
Abridged model	31/12/2010	09/05/2011	09/06/2011	French	PDF
Abridged model	31/12/2009	10/05/2010	20/05/2010	French	PDF
Abridged model	31/12/2008	11/05/2009	12/05/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	16/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	04/07/2007	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 31/12/2025 · 2 active · 13 ended

Active mandates

JOEL FRANCOIS VAN HERCK

Managing director · since 18 juin 2021 · until 10 mai 2027

Active

THEO JACQUES VAN HERCK

Managing director · since 18 juin 2021 · until 10 mai 2027

Active

Ended mandates

JOEL FRANCOIS VAN HERCK

Managing director · since 18 juin 2021

Ended

THEO JACQUES VAN HERCK

Managing director · since 18 juin 2021

Ended

THEO JACQUES VAN HERCK

Managing director · since 30 septembre 2019 · until 11 mai 2023

Ended

Théo VAN HERCK

Managing director · since 30 septembre 2019 · until 11 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2021
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Restructuring23/03/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates17/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2017
DEMISSIONS, NOMINATIONS
PDF
Restructuring10/03/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring29/12/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring03/12/2015
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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 2025-50,3 k €↓
2024
Annual accounts 2024376,5 k €↑
2023
Annual accounts 202373,6 k €↑
2022
Annual accounts 20221,5 k €↑
2021
Annual accounts 2021-181,4 k €↓
2020
Annual accounts 2020-91,8 k €↓
2019
Annual accounts 201911,7 M €↑
2018
Annual accounts 2018256,6 k €↓
2017
Annual accounts 2017655,2 k €↑
2016
Annual accounts 2016238,8 k €↓
2015
Annual accounts 2015771,8 k €↑
2014
Annual accounts 2014627,8 k €↑
2013
Annual accounts 2013622,8 k €↑
2012
Annual accounts 201281,9 k €↑
2011
Annual accounts 201120,6 k €↓
2010
Annual accounts 2010325,4 k €↑
2009
Annual accounts 2009240,1 k €↑
2008
Annual accounts 200885,4 k €↑
2007
Annual accounts 200748,2 k €↑
2006
Annual accounts 200628,6 k €
24/08/2005
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

THELIOS

Overview

What does THELIOS do?

Trend over 20 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