ACTIVE

THEO

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Financial year 2025 · closed on 31/12/2025
Net result
71,6 k €
-33.0% YoY
Gross margin
-1,7 k €
-6.1% YoY
Equity
16,1 M €
+0.4% YoY

What does THEO do?

THEO is a Public limited company incorporated in 2007. Its registered office is in Tournai.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0893.835.204
Incorporation
27/11/2007
Legal form
Public limited company
Registered office
Rue de la Terre à Briques(MAR) 29 box d
7522 Tournai · WallonieSee on map
Contributed capital
15 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212018201620152014201320122011201020092008
Income statement
Gross margin-1,7 k €-1,6 k €-5,3 k €-1,3 k €-1,2 k €-10,4 k €-1,1 k €-3 k €-1,1 k €-1 k €-4,3 k €-19,3 k €-1,9 k €-1,3 k €-2,1 k €
EBITDA-2,9 k €-2,8 k €-6,3 k €-2,2 k €-2,1 k €-11,4 k €-2 k €-4 k €-2 k €-1,9 k €-4,3 k €-19,3 k €-1,9 k €-1,3 k €-2,1 k €
Operating result-2,9 k €-2,8 k €-6,3 k €-2,2 k €-2,1 k €-11,4 k €-2 k €-4 k €-2 k €-1,9 k €-4,3 k €-19,3 k €-1,9 k €-1,3 k €-7,5 k €
Net result71,6 k €106,8 k €105,3 k €44,4 k €276,2 k €237,7 k €338,4 k €-4,4 k €-1,6 k €-798,5 k €293,2 k €104,9 k €184,4 k €155,4 k €93,2 k €
Balance sheet
Equity16,1 M €16 M €15,9 M €18,9 M €18,9 M €18,4 M €14,5 M €14,1 M €15,1 M €15,1 M €15,9 M €15,6 M €16,3 M €16,1 M €16 M €
Total assets18,6 M €18,8 M €19,1 M €19,2 M €19,5 M €19,6 M €15,3 M €15,1 M €15,3 M €15,4 M €17,5 M €16,2 M €16,3 M €16,2 M €16 M €
Cash132 k €82,7 k €283,3 k €2,2 M €2,3 M €190,2 k €392,6 k €177,7 k €179,4 k €179,6 k €179,9 k €24,5 k €195,8 k €178,4 k €42,6 k €
Debts2,5 M €2,8 M €3,1 M €292,6 k €590,4 k €1,3 M €881,1 k €1 M €165,1 k €305 k €1,6 M €600 k €12 k €12,8 k €12 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Hélène Van Overschelde

Director · since 21 avril 2020

Active

Ended mandates

Hélène Van Overschelde

Manager · since 22 juin 2018

Ended
Luc VAN OVERSCHELDE

Manager · since 25 juillet 2011

Ended
Luc VANOVERSCHELDE

Manager · since 25 juillet 2011

Ended
Hélène VANOVERSCHELDE

Managing director · since 29 novembre 2007 · until 13 juin 2013

Ended
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Annual accounts

Full financial information

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 date03/07/202611/07/202517/07/202417/07/202326/07/202206/08/2021
General meeting27/06/202628/06/202529/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/06/202603/07/2026FrenchPDF
Abridged model31/12/202428/06/202511/07/2025FrenchPDF
Abridged model31/12/202329/06/202417/07/2024FrenchPDF
Abridged model31/12/202216/06/202317/07/2023FrenchPDF
Abridged model31/12/202117/06/202226/07/2022FrenchPDF
Abridged model31/12/202018/06/202106/08/2021FrenchPDF
Abridged model31/12/201918/06/202004/08/2020FrenchPDF
Abridged model31/12/201813/06/201911/09/2019FrenchPDF
Abridged model31/12/201722/06/201812/07/2018FrenchPDF
Abridged model31/12/201608/06/201728/06/2017FrenchPDF
Abridged model31/12/201509/06/201631/08/2016FrenchPDF
Abridged model31/12/201411/06/201525/08/2015FrenchPDF
Abridged model31/12/201312/06/201428/08/2014FrenchPDF
Abridged model31/12/201213/06/201329/08/2013FrenchPDF
Abridged model31/12/201114/06/201228/08/2012FrenchPDF
Abridged model31/12/201002/06/201119/08/2011FrenchPDF
Abridged model31/12/200910/06/201019/08/2010FrenchPDF
Abridged model31/12/200811/06/200926/08/2009FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 7 ended

Active mandates

Hélène Van Overschelde

Director · since 21 avril 2020

Active

Ended mandates

Hélène Van Overschelde

Manager · since 22 juin 2018

Ended
Luc VAN OVERSCHELDE

Manager · since 25 juillet 2011

Ended
Luc VANOVERSCHELDE

Manager · since 25 juillet 2011

Ended
Hélène VANOVERSCHELDE

Managing director · since 29 novembre 2007 · until 13 juin 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares10/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    PDF
  • Mandates22/05/2020
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates11/07/2018
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Restructuring08/02/2018
    DENOMINATION - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring03/11/2017
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Registered office12/05/2015
    SIEGE SOCIAL - CAPITAL, ACTIONS
    PDF
  • Capital / shares04/08/2011
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates10/05/2010
    DEMISSIONS, NOMINATIONS
    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 202571,6 k €↓
  2. 2024
    Annual accounts 2024106,8 k €↑
  3. 2023
    Annual accounts 2023105,3 k €↑
  4. 2022
    Annual accounts 202244,4 k €↓
  5. 2021
    Annual accounts 2021276,2 k €↑
  6. 2018
    Annual accounts 2018237,7 k €↓
  7. 2018
    Name changeTheo
  8. 2016
    Annual accounts 2016338,4 k €↑
  9. 2015
    Annual accounts 2015-4,4 k €↓
  10. 2014
    Annual accounts 2014-1,6 k €↑
  11. 2013
    Annual accounts 2013-798,5 k €↓
  12. 2012
    Annual accounts 2012293,2 k €↑
  13. 2011
    Annual accounts 2011104,9 k €↓
  14. 2010
    Annual accounts 2010184,4 k €↑
  15. 2009
    Annual accounts 2009155,4 k €↑
  16. 2008
    Annual accounts 200893,2 k €
  17. 2008
    Name changeTHELO
  18. 27/11/2007
    IncorporationPublic limited company