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Financial year 2025 · closed on 31/12/2025

Net result

89,8 k €

+37.7% YoY

Gross margin

138,6 k €

+35.4% YoY

Equity

387,9 k €

+30.1% YoY

What does Thread do?

Thread is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.986.388

Incorporation

27/08/2008

Legal form

Private limited company

Registered office

August Nobelsstraat 27
9100 Sint-Niklaas · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	138,6 k €	+35.4%	102,4 k €	-4.8%	107,5 k €	+22.7%	87,6 k €	+51.2%	57,9 k €	-16.5%	69,4 k €	+2.8%	67,5 k €	+16.3%	58,1 k €	+126%	25,7 k €	+25.2%	20,5 k €	+85.5%	11,1 k €	+291%	2,8 k €	-83.4%	17,1 k €	-45.7%	31,4 k €	+10.7%	28,4 k €	+15.6%	24,5 k €	+41.1%	17,4 k €
EBITDA	136,4 k €	+36.9%	99,7 k €	-4.9%	104,8 k €	+22.7%	85,4 k €	+55.1%	55,1 k €	-18.4%	67,5 k €	+3.4%	65,3 k €	+17.2%	55,7 k €	+152%	22,1 k €	+15.6%	19,1 k €	+94.1%	9,9 k €	+866%	1,0 k €	-93.6%	15,9 k €	-47.4%	30,2 k €	+13.9%	26,5 k €	+19.0%	22,3 k €	+74.1%	12,8 k €
Operating result	135,2 k €	+37.0%	98,6 k €	-3.7%	102,5 k €	+23.3%	83,1 k €	+94.9%	42,6 k €	-21.2%	54,1 k €	+24.9%	43,3 k €	+24.3%	34,8 k €	+7949%	432,7 €	-94.0%	7,2 k €	+12.5%	6,4 k €	+344%	-2,6 k €	-124%	11,2 k €	-49.1%	21,9 k €	+42.9%	15,4 k €	+1000%	1,4 k €	+111%	-13,2 k €
Net result	89,8 k €	+37.7%	65,2 k €	-3.7%	67,7 k €	+14.7%	59,1 k €	+105%	28,9 k €	-23.2%	37,6 k €	+25.9%	29,8 k €	-14.1%	34,7 k €	+2003%	-1,8 k €	-149%	3,7 k €	+26.6%	3,0 k €	+219%	-2,5 k €	-252%	1,6 k €	-89.2%	15,0 k €	+104%	7,4 k €	+331%	-3,2 k €	+76.1%	-13,4 k €
Balance sheet
Equity	387,9 k €	+30.1%	298,2 k €	+16.5%	255,8 k €	+23.8%	206,7 k €	+40.0%	147,6 k €	+24.3%	118,8 k €	+46.3%	81,2 k €	+28.5%	63,2 k €	+122%	28,5 k €	-6.0%	30,3 k €	+14.1%	26,6 k €	+12.5%	23,6 k €	-9.5%	26,1 k €	+6.6%	24,5 k €	+160%	9,4 k €	+361%	2,0 k €	-61.0%	5,2 k €
Total assets	430,6 k €	+34.9%	319,3 k €	+10.2%	289,7 k €	+28.9%	224,7 k €	+16.6%	192,7 k €	+3.1%	187,0 k €	+37.1%	136,4 k €	+21.8%	112,0 k €	-10.0%	124,4 k €	+142%	51,4 k €	+46.3%	35,1 k €	-12.2%	40,0 k €	-9.1%	44,0 k €	+7.4%	41,0 k €	-33.2%	61,3 k €	-23.9%	80,6 k €	-20.7%	101,7 k €
Cash	387,2 k €	+29.3%	299,5 k €	+28.5%	233,1 k €	+26.3%	184,6 k €	+15.5%	159,8 k €	+6.9%	149,5 k €	+70.4%	87,7 k €	+64.2%	53,4 k €	+17.9%	45,3 k €	+2963%	1,5 k €	-90.6%	15,8 k €	-5.9%	16,8 k €	+54.6%	10,9 k €	+590%	1,6 k €	-89.5%	15,1 k €	+36.9%	11,0 k €	+913%	1,1 k €
Debts	42,7 k €	+102%	21,2 k €	-37.5%	33,9 k €	+88.2%	18,0 k €	-60.1%	45,1 k €	-33.9%	68,2 k €	+23.6%	55,2 k €	+13.2%	48,8 k €	-49.2%	95,9 k €	+354%	21,1 k €	+146%	8,6 k €	-47.7%	16,4 k €	-8.4%	17,9 k €	+8.6%	16,5 k €	-68.2%	51,9 k €	-33.9%	78,6 k €	-18.5%	96,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Rudi De Bondt

Director

Active

Ended mandates

Rudi De Bondt

Manager

Ended

Rudy DE BONDT

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	23/07/2026	30/06/2025	31/07/2024	19/07/2023	20/07/2022	26/08/2021
General meeting	20/06/2026	20/06/2025	20/06/2024	20/06/2023	20/06/2022	20/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	19/07/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	20/06/2021	26/08/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	10/08/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	16/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	11/09/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	09/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 ended

Active mandates

Rudi De Bondt

Director

Active

Ended mandates

Rudi De Bondt

Manager

Ended

Rudy DE BONDT

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 202589,8 k €↑
2024
Annual accounts 202465,2 k €↓
2023
Annual accounts 202367,7 k €↑
2022
Annual accounts 202259,1 k €↑
2021
Annual accounts 202128,9 k €↓
2020
Annual accounts 202037,6 k €↑
2019
Annual accounts 201929,8 k €↓
2018
Annual accounts 201834,7 k €↑
2017
Annual accounts 2017-1,8 k €↓
2016
Annual accounts 20163,7 k €↑
2015
Annual accounts 20153,0 k €↑
2014
Annual accounts 2014-2,5 k €↓
2013
Annual accounts 20131,6 k €↓
2012
Annual accounts 201215,0 k €↑
2011
Annual accounts 20117,4 k €↑
2010
Annual accounts 2010-3,2 k €↑
2009
Annual accounts 2009-13,4 k €
27/08/2008
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

Thread

Overview

What does Thread do?

Trend over 17 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