THEATECH
THEATECH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €602k and a net result of €55k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €602k |
| Net result | €55k |
| Staff (FTE) | 9.1 |
| Better than sector | 35% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.3% | 43.6% | |
| Net result | €55k | €12k | |
| Equity | €602k | €183k | |
| Gross operating margin | €687k | €104k | |
| Staff costs | €359k | €236k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €307k | €279k | €180k | €191k |
| Net profit | €55k | €87k | €72k | €77k |
| Cash flow | €241k | €221k | €146k | €159k |
| Staff costs | €359k | €334k | €249k | €262k |
| Income taxes | €22k | €36k | €27k | €27k |
| Dividends | - | - | €0 | €25k |
| Total assets | €2.05M | €2.13M | €1.18M | €666k |
| Equity | €602k | €546k | €459k | €388k |
| Debt | €1.45M | €1.59M | €718k | €278k |
| of which ≤ 1y | €292k | €417k | €274k | €175k |
| of which > 1y | €1.13M | €1.17M | €96k | €103k |
| Working capital | €201k | €100k | €562k | €220k |
| Employees (FTE) | 9.1 | 8.4 | 4.4 | 4.6 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.69 | 1.24 | 3.05 | 2.26 |
| Quick ratio | 1.69 | 1.24 | 3.05 | 2.19 |
| Working capital ratio | 9.8% | 4.7% | 47.7% | 33.1% |
| Solvency | 29.3% | 25.6% | 39.0% | 58.3% |
| Debt / equity | 2.41 | 2.91 | 1.56 | 0.72 |
| Long-term debt ratio | 1.88 | 2.14 | 0.21 | 0.26 |
| Interest coverage | 6.45 | 9.30 | 24.25 | 32.44 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.7% | 4.1% | 6.1% | 11.5% |
| ROE | 9.2% | 15.9% | 15.6% | 19.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.05M | €2.13M | €1.18M | €666k |
| Fixed assets | 21/28 | €1.56M | €1.62M | €341k | €270k |
| Tangible fixed assets | 22/27 | €1.56M | €1.61M | €338k | €270k |
| Financial fixed assets | 28 | €4k | €4k | €3k | - |
| Current assets | 29/58 | €493k | €517k | €836k | €395k |
| Stocks & contracts in progress | 3 | - | - | €0 | €13k |
| Amounts receivable within one year | 40/41 | €369k | €236k | €577k | €172k |
| Cash & bank | 54/58 | €105k | €277k | €248k | €200k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.05M | €2.13M | €1.18M | €666k |
| Equity | 10/15 | €602k | €546k | €459k | €388k |
| Contributions / capital | 10/11 | €28k | €28k | €28k | €28k |
| Reserves | 13 | €574k | €519k | €431k | €360k |
| Accumulated profits (losses) | 14 | - | €0 | €441 | €441 |
| Amounts payable | 17/49 | €1.45M | €1.59M | €718k | €278k |
| Amounts payable after one year | 17 | €1.13M | €1.17M | €96k | €103k |
| Amounts payable within one year | 42/48 | €292k | €417k | €274k | €175k |
| Trade debts payable within one year | 44 | €64k | €230k | €90k | €77k |
| Income statement | |||||
| Gross operating margin | 9900 | €687k | €779k | €438k | €459k |
| Operating result | 9901 | €122k | €145k | €106k | €108k |
| Financial income | 75 | €3k | €8k | €67 | €989 |
| Financial charges | 65 | €48k | €30k | €7k | €6k |
| Result before taxes | 9903 | €77k | €123k | €98k | €103k |
| Income taxes | 67/77 | €22k | €36k | €27k | €27k |
| Net result for the period | 9904 | €55k | €87k | €72k | €77k |
| Result to be appropriated | 9905 | €55k | €87k | €72k | €77k |
| NACE primary | Specialised image, lighting and sound technical services(90393) |
| Legal form | Private limited company(610) |
| Incorporation | 19-08-2008 |
| Status | Active |
| Postal code | 8550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0825/00L000 | Flanders | 1,261 m² | 1 · 732 m² | 6.8 m · 2 fl. |
| 34322C0510/02S000 | Flanders | 456 m² | 1 · 251 m² | 15.8 m · 1 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
01-04-2025 Registered office moved from Harelbeke to Zwevegem
- Stasegemdorp 95A, 8530 Harelbeke → Esserstraat 14, 8550 Zwevegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Esserstraat 14, 8550 Zwevegem",
"city": "Zwevegem",
"region": "vlaams_gewest",
"street": "Esserstraat",
"country": "BE",
"postcode": "8550",
"box_number": null,
"street_number": "14",
"locality_suffix": null
},
"old_address": {
"raw": "Stasegemdorp 95A, 8530 Harelbeke",
"city": "Harelbeke",
"region": "vlaams_gewest",
"street": "Stasegemdorp",
"country": "BE",
"postcode": "8530",
"box_number": null,
"street_number": "95A",
"locality_suffix": "(H-G)"
},
"effective_date": "2025-01-06",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-01",
"filing_date": "2025-03-24",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2025-01-15",
"unanimous": null
},
"subject_company": {
"kbo": "0899.896.813",
"name_full": "THEATECH",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0862.275.362",
"org_name": "D\u0026P Menen BV",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}| Legal nameNL | THEATECH |