ACTIVE

THECON

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
45,2 k €
-47.3% YoY
Gross margin
183,1 k €
+1.9% YoY
Equity
-121,9 k €
+27.1% YoY

What does THECON do?

THECON is a Private company with limited liability incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Knokke-Heist.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0889.991.628
Incorporation
11/06/2007
Legal form
Private company with limited liability
Registered office
Zeedijk-Albertstrand 546 box 7
8300 Knokke-Heist · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120182017201620152014201320122011201020092008
Income statement
Gross margin183,1 k €179,8 k €123 k €181,3 k €193,8 k €181 k €126,1 k €92,7 k €61,4 k €45,2 k €54,9 k €44,4 k €17,8 k €84,1 k €23 k €17,6 k €
EBITDA91,9 k €160,7 k €106,3 k €165,9 k €188 k €170,7 k €117,8 k €87,8 k €53,2 k €37,1 k €46,9 k €36,4 k €11,6 k €79,3 k €17 k €15 k €
Operating result55,7 k €96,3 k €41,3 k €79,1 k €69,2 k €63 k €13,9 k €-17,8 k €-50,4 k €-52,9 k €-42,5 k €-52 k €-74,6 k €22,5 k €-39,8 k €-72,1 k €
Net result45,2 k €85,8 k €29,3 k €54,7 k €46,3 k €62,8 k €13,9 k €-20,7 k €-49,5 k €-47,2 k €-91,1 k €-98,3 k €-128,6 k €-15,3 k €-80,1 k €-93,6 k €
Balance sheet
Equity-121,9 k €-167,1 k €-252,9 k €-282,1 k €-336,8 k €-529 k €-591,8 k €145,7 k €166,4 k €215,8 k €263 k €354,1 k €452,4 k €181 k €196,3 k €276,4 k €
Total assets710,8 k €757,1 k €683,1 k €681 k €908,8 k €1,1 M €1,1 M €1,1 M €1,1 M €1,2 M €1,2 M €1,3 M €1,3 M €681,3 k €670 k €686,8 k €
Cash5,2 k €30,4 k €80,6 k €2,8 k €190,6 k €189,7 k €142,2 k €27,1 k €–44,8 k €2 k €5,8 k €564 €81,8 k €9,7 k €45 €
Debts796,3 k €911,7 k €935,8 k €957,4 k €1,2 M €1,6 M €1,7 M €979,4 k €974,2 k €902,3 k €908,8 k €866 k €851,2 k €462,5 k €431,7 k €388,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Eliane Marie C Verhofstadt

Manager · since 23 août 2011

Active
Hilde De Laet

Director · since 31 mai 2007

Active

Ended mandates

Eliane Marie C Verhofstadt

Director · since 23 août 2011

Ended
Eliane Verhofstadt

Director · since 23 août 2011

Ended
Eliane Verhofstadt

Manager · since 23 août 2011

Ended
Hilde De Laet

Manager · since 31 mai 2007

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date11/07/202607/07/202509/07/202411/07/202313/07/202212/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/06/202611/07/2026DutchPDF
Micro model31/12/202420/06/202507/07/2025DutchPDF
Micro model31/12/202321/06/202409/07/2024DutchPDF
Micro model31/12/202216/06/202311/07/2023DutchPDF
Micro model31/12/202117/06/202213/07/2022DutchPDF
Micro model31/12/202018/06/202112/07/2021DutchPDF
Micro model31/12/201919/06/202029/06/2020DutchPDF
Micro model31/12/201821/06/201902/07/2019DutchPDF
Micro model31/12/201715/06/201819/06/2018DutchPDF
Abridged model31/12/201616/06/201723/06/2017DutchPDF
Abridged model31/12/201517/06/201613/09/2016DutchPDF
Abridged model31/12/201430/06/201531/08/2015DutchPDF
Abridged model31/12/201320/06/201429/08/2014DutchPDF
Abridged model31/12/201221/06/201330/08/2013DutchPDF
Abridged model31/12/201106/07/201219/10/2012DutchPDF
Abridged model31/12/201017/06/201129/08/2011DutchPDF
Abridged model31/12/200918/06/201015/10/2010DutchPDF
Abridged model31/12/200819/06/200931/07/2009DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Eliane Marie C Verhofstadt

Manager · since 23 août 2011

Active
Hilde De Laet

Director · since 31 mai 2007

Active

Ended mandates

Eliane Marie C Verhofstadt

Director · since 23 août 2011

Ended
Eliane Verhofstadt

Director · since 23 août 2011

Ended
Eliane Verhofstadt

Manager · since 23 août 2011

Ended
Hilde De Laet

Manager · since 31 mai 2007

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office14/06/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares26/01/2018
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates06/09/2011
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office05/09/2008
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Other20/06/2007
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202545,2 k €↓
  2. 2024
    Annual accounts 202485,8 k €↑
  3. 2023
    Annual accounts 202329,3 k €↓
  4. 2022
    Annual accounts 202254,7 k €↑
  5. 2021
    Annual accounts 202146,3 k €↓
  6. 2018
    Annual accounts 201862,8 k €↑
  7. 2017
    Annual accounts 201713,9 k €↑
  8. 2016
    Annual accounts 2016-20,7 k €↑
  9. 2015
    Annual accounts 2015-49,5 k €↓
  10. 2014
    Annual accounts 2014-47,2 k €↑
  11. 2013
    Annual accounts 2013-91,1 k €↑
  12. 2012
    Annual accounts 2012-98,3 k €↑
  13. 2011
    Annual accounts 2011-128,6 k €↓
  14. 2010
    Annual accounts 2010-15,3 k €↑
  15. 2009
    Annual accounts 2009-80,1 k €↑
  16. 2008
    Annual accounts 2008-93,6 k €
  17. 11/06/2007
    IncorporationPrivate company with limited liability