Summary
THEION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €838k and a net result of €406k. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 8048 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
29 d early
2023
28 d early
2022
29 d early
2021
5 d early
2020
3 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€838k▲ 70.9%
2024 · €490k
2018: €9klowest in 8 years
2019: €62k▲ +579% vs 2018
2020: €166k▲ +167% vs 2019
2021: €278k▲ +67.2% vs 2020
2022: €364k▲ +31.2% vs 2021
2023: €455k▲ +24.9% vs 2022
2024: €490k▲ +7.7% vs 2023
2025: €838k▲ +70.9% vs 2024highest in 8 years
2018 → 2025
Net result
€406k▲ 316%
2024 · €97k
2018: €22klowest in 8 years
2019: €53k▲ +137% vs 2018
2020: €104k▲ +96.2% vs 2019
2021: €112k▲ +7.3% vs 2020
2022: €87k▼ -22.2% vs 2021
2023: €91k▲ +4.7% vs 2022
2024: €97k▲ +7.2% vs 2023
2025: €406k▲ +316% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.16M▲ 78.0%
2024 · €651k
2018: €106klowest in 8 years
2019: €180k▲ +69.8% vs 2018
2020: €301k▲ +67.3% vs 2019
2021: €397k▲ +32.0% vs 2020
2022: €482k▲ +21.2% vs 2021
2023: €574k▲ +19.1% vs 2022
2024: €651k▲ +13.5% vs 2023
2025: €1.16M▲ +78.0% vs 2024highest in 8 years
2018 → 2025
Solvency
72.3%▼ 3.0pp
2024 · 75.4%
2018: 8.6%lowest in 8 years
2019: 34.5%▲ +300% vs 2018
2020: 55.2%▲ +59.8% vs 2019
2021: 69.9%▲ +26.6% vs 2020
2022: 75.7%▲ +8.3% vs 2021
2023: 79.4%▲ +4.9% vs 2022highest in 8 years
2024: 75.4%▼ -5.1% vs 2023
2025: 72.3%▼ -4.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€364k▲ 31.2%€455k▲ 24.9%€490k▲ 7.7%€838k▲ 70.9%
2021: €278klowest in 5 years
2022: €364k▲ +31.2% vs 2021
2023: €455k▲ +24.9% vs 2022
2024: €490k▲ +7.7% vs 2023
2025: €838k▲ +70.9% vs 2024highest in 5 years
Operating result€161k-€124k▼ 22.5%€129k▲ 3.4%€139k▲ 8.0%€601k▲ 333%
2021: €161k
2022: €124k▼ -22.5% vs 2021lowest in 5 years
2023: €129k▲ +3.4% vs 2022
2024: €139k▲ +8.0% vs 2023
2025: €601k▲ +333% vs 2024highest in 5 years
Net result€112k-€87k▼ 22.2%€91k▲ 4.7%€97k▲ 7.2%€406k▲ 316%
2021: €112k
2022: €87k▼ -22.2% vs 2021lowest in 5 years
2023: €91k▲ +4.7% vs 2022
2024: €97k▲ +7.2% vs 2023
2025: €406k▲ +316% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 333% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€484 ▼ 97.6%
Current assets
€1.16M ▲ 83.6%
Equity and liabilities €1.16M
Equity
€838k ▲ 70.9%
Provisions
€92k ▼ 0.1%
Debt
€228k ▲ 236%
Debt's share of the balance-sheet total rises from 10.5% to 19.7%. Equity and debt are higher.
Key figures and ratios
ROE
48.4%▲
2024 · 19.9%
ROA
35.0%▲
2024 · 15.0%
Debt ≤ 1 year
€228k▲
2024 · €68k
Income taxes
€207k▲
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€651k€1.16M▲
Fixed assets21/28€20k€484▼
Tangible fixed assets22/27€20k€484▼
Furniture and vehicles24€20k€484▼
Current assets29/58€631k€1.16M▲
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Current investments50/53€521k€684k▲
Cash at bank and in hand54/58€110k€475k▲
Equity and liabilities
Total equity and liabilities10/49€651k€1.16M▲
Equity10/15€490k€838k▲
Contributions10/11€1€1=
Reserves13€490k€838k▲
Tax-exempt reserves132€2k€1k▼
Distributable reserves133€489k€837k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€92k€92k▼
Provisions for liabilities and charges160/5€92k€92k=
Pensions and similar obligations160€92k€92k=
Deferred taxes168€133€0▼
Amounts payable17/49€68k€228k▲
Amounts payable within one year42/48€68k€228k▲
Trade debts44€3k€14k▲
Suppliers440/4€3k€14k▲
Taxes, remuneration and social security45€27k€160k▲
Taxes450/3€27k€160k▲
Remuneration and social security454/9-€210
Other amounts payable47/48€38k€55k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€18k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€174k€621k▲
Operating profit (loss)9901€139k€601k▲
Financial income75/76B€7k€13k▲
Recurring financial income75€7k€13k▲
Financial charges65/66B€990€1k▲
Recurring financial charges65€990€1k▲
Profit (loss) for the period before taxes9903€145k€612k▲
Transfer from deferred taxes780€240€133▼
Income taxes67/77€48k€207k▲
Profit (loss) for the period9904€97k€406k▲
Transfer from tax-exempt reserves789€960€532▼
Profit (loss) for the period to be appropriated9905€98k€406k▲
Appropriation of the result
Profit (loss) to be appropriated9906€98k€406k▲
Transfer from equity791/2€42k€58k▲
Transfer to equity691/2€98k€406k▲
To other reserves6921€98k€406k▲
Profit to be distributed694/7€42k€58k▲
Return on contributions (dividend)694€42k€58k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €23k | €33k | €33k | €18k | ▼ 45.5% |
| Other operating charges640/8 | €599 | €9k | €2k | €2k | €2k | ▲ 1.4% |
| Gross operating margin9900 | €177k | €156k | €163k | €174k | €621k | ▲ 257% |
| Operating profit (loss)9901 | €161k | €124k | €129k | €139k | €601k | ▲ 333% |
| Financial income75/76B | €1k | €2k | €5k | €7k | €13k | ▲ 70.0% |
| Recurring financial income75 | €1k | €2k | €5k | €7k | €13k | ▲ 70.0% |
| Financial charges65/66B | €811 | €1k | €1k | €990 | €1k | ▲ 34.3% |
| Recurring financial charges65 | €811 | €1k | €1k | €990 | €1k | ▲ 34.3% |
| Profit (loss) for the period before taxes9903 | €161k | €126k | €132k | €145k | €612k | ▲ 321% |
| Transfer from deferred taxes780 | €240 | €240 | €240 | €240 | €133 | ▼ 44.5% |
| Income taxes67/77 | €50k | €39k | €42k | €48k | €207k | ▲ 329% |
| Profit (loss) for the period9904 | €112k | €87k | €91k | €97k | €406k | ▲ 316% |
| Transfer from tax-exempt reserves789 | €960 | €960 | €960 | €960 | €532 | ▼ 44.5% |
| Profit (loss) for the period to be appropriated9905 | €112k | €88k | €92k | €98k | €406k | ▲ 313% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €397k | €482k | €574k | €651k | €1.16M | ▲ 78.0% |
| Fixed assets21/28 | €56k | €85k | €52k | €20k | €484 | ▼ 97.6% |
| Tangible fixed assets22/27 | €56k | €85k | €52k | €20k | €484 | ▼ 97.6% |
| Furniture and vehicles24 | €56k | €85k | €52k | €20k | €484 | ▼ 97.6% |
| Current assets29/58 | €342k | €396k | €521k | €631k | €1.16M | ▲ 83.6% |
| Amounts receivable within one year40/41 | €261 | €298 | €93 | €0 | - | - |
| Trade receivables40 | €261 | €298 | €93 | €0 | - | - |
| Current investments50/53 | €247k | €313k | €432k | €521k | €684k | ▲ 31.3% |
| Cash at bank and in hand54/58 | €94k | €82k | €90k | €110k | €475k | ▲ 331% |
| Deferred charges and accrued income490/1 | - | €1k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €397k | €482k | €574k | €651k | €1.16M | ▲ 78.0% |
| Equity10/15 | €278k | €364k | €455k | €490k | €838k | ▲ 70.9% |
| Contributions10/11 | €20k | €20k | €20k | €1 | €1 | = |
| Reserves13 | €258k | €344k | €435k | €490k | €838k | ▲ 70.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €5k | €4k | €3k | €2k | €1k | ▼ 28.0% |
| Distributable reserves133 | €251k | €338k | €432k | €489k | €837k | ▲ 71.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €93k | €93k | €93k | €92k | €92k | ▼ 0.1% |
| Provisions for liabilities and charges160/5 | €92k | €92k | €92k | €92k | €92k | = |
| Pensions and similar obligations160 | €92k | €92k | €92k | €92k | €92k | = |
| Deferred taxes168 | €853 | €613 | €373 | €133 | €0 | ▼ 100% |
| Amounts payable17/49 | €27k | €24k | €26k | €68k | €228k | ▲ 236% |
| Amounts payable within one year42/48 | €27k | €24k | €26k | €68k | €228k | ▲ 236% |
| Trade debts44 | €858 | €4k | €5k | €3k | €14k | ▲ 363% |
| Suppliers440/4 | €858 | €4k | €5k | €3k | €14k | ▲ 363% |
| Advances received on contracts in progress46 | €688 | €517 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €25k | €20k | €21k | €27k | €160k | ▲ 495% |
| Taxes450/3 | €25k | €20k | €21k | €27k | €160k | ▲ 494% |
| Remuneration and social security454/9 | - | - | - | - | €210 | - |
| Other amounts payable47/48 | €156 | €156 | €0 | €38k | €55k | ▲ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112k | €87k | €91k | €97k | €406k | ▲ 316% |
| + Depreciation and write-downs630 | €16k | €23k | €33k | €33k | €18k | ▼ 45.5% |
| Operating cash flow (approximation) | €128k | €109k | €124k | €131k | €424k | ▲ 224% |
| Investment in fixed assets (approximation) | - | €-52k | €0 | €-1k | €1k | ▲ 199% |
| Change in cash | - | €-12k | €7k | €20k | €364k | ▲ 1,691% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €406k ▲316%
Operating result €601k, net result €406k, both a record.
30-09
Financial
Equity above €500kEq €838k ▲70.9%
8 profitable years in a row build equity to €838k.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 12.79
Current ratio from 5.53 to 12.79; short-term debt falls from €42k to €27k.
30-09
Financial
Equity above €200kEq €278k ▲67.2%
4 profitable years in a row build equity to €278k.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €166k ▲167%
3 profitable years in a row build equity to €166k.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 2010
Ground area
1,691 m²
Building footprint
298 m²
Volume, LiDAR
1,128 m³
Parcel 31442C0646/00E000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THEION
since 20102.183.901.946
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0646/00E000 | Flanders | 1,691 m² | 1 · 298 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400GWHH2ZCGXX3Y75
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VEKEMANS JO
BE 0451.325.162
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Chris Paridaans
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2009
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.