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THEMASHOE

Active Public limited companyfounded 1986active for 40 yearsKanonstraat 20, 8500 KortrijkKBO/BCE: BE 0428.670.813 #7 oldest company in Kortrijk, Accommodation and food service sector
THEMASHOE
Financial year 2025
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Annual accounts 2025

micro format, filed on 31-03-2026, 30 days before the deadline
€236,869
▲ 44.6%
€139,098
▲ 23.5%
€79,903
▲ 25.5%
-€57,471
▼ €55,054
69.2%
▼ 6.2 percentage points
0.87
▼ 0.12

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €590,000. Estimated: probably between €400,000 and €920,000.

In the rankings #7 oldest company in Kortrijk, Accommodation and food service sector#8 company by equity in Kortrijk, Accommodation and food service sector

Balance sheet

balance sheet total €2.1m on 30-09-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

69.2%

Higher than 83% of 1,843 companies in 2025.

0.87

Higher than 59% of 1,786 companies in 2025.

3.7%

Higher than 67% of 1,813 companies in 2025.

THEMASHOE Middle half of the sector 80% of the sector Micro accounts in accommodation (NACE 55)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 2.1m1.9m1.8m1.7m1.6m1.6m1.5m1.5m1.5m1.4m1.2m1.2m1.2m1.2m1.1m1.2m1.1m1.1m1.2m
21/28 1.7m1.4m1.5m1.2m1.5m1.4m1.4m1.5m1.3m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.2m
21 9,58210,83212,082----------------
22/27 1.7m1.4m1.5m1.2m1.5m1.4m1.4m1.5m1.3m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.2m
22 1.7m1.4m1.4m1.1m1.4m1.4m1.4m1.4m1.2m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.2m
23 5,0226,6773,2123,8765,8726,4249,52911,28514,25617,26318,06021,68610,675----5411,081
24 12,01524,66537,31547,19842,36111,30122,41536,79454,62522,59027,60711,52517,48523,6111,912---57
27 --------30,855----------
28 1,1901,190----25252525252525252525252525
29/58 393,854411,591302,232551,084145,517149,16268,77958,891134,008281,31465,69670,71372,80662,33930,01832,11416,8463,8583,056
3 28,40720,61846,428----------------
30/36 28,40720,61846,428----------------
40/41 29,46626,50134,15334,46522,73921,81224,84523,90222,32223,14228,57518,41916,42914,75910,4259,7698,5931,3582,142
40 29,46622,91730,43424,37822,62419,72022,98223,85322,30123,14217,77518,41916,42914,74610,3759,7698,5621,3252,133
41 -3,5843,71910,0871152,0921,8634921-10,800--1350-31339
50/53 -225,000---115,000------------701
54/58 324,830130,430211,853508,567115,0046,24638,18630,383107,209252,49931,42846,76050,43941,43016,29519,1988,2542,500214
490/1 11,1519,0429,7988,0527,7746,1045,7484,6074,4775,6735,6935,5345,9396,1503,2983,147---
Balance sheet: equity and liabilities
10/49 2.1m1.9m1.8m1.7m1.6m1.6m1.5m1.5m1.5m1.4m1.2m1.2m1.2m1.2m1.1m1.2m1.1m1.1m1.2m
10/15 1.5m1.4m1.3m1.3m1.2m1.2m1.1m1.1m1.1m1.1m1.1m1.0m1.0m963,756908,687899,101882,698883,335889,101
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000--------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
12 1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m1.0m
13 410,339330,436266,765226,765106,765106,76576,20049,20041,20023,2006,200--------
130/1 6,2006,2006,2006,2006,2006,200-------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200--------
133 404,139324,236260,565220,565100,565100,56570,00043,00035,00017,000---------
14 3,3983,3983,3985,8264,0613,8753,8751,1772,5517894,356-16,361-60,196-98,244-153,313-162,899-179,302-178,665-172,899
17/49 657,213454,980441,075419,002430,900401,794371,916408,995369,087331,288138,129143,457186,572220,397232,241251,078262,562260,932266,608
17 173,4869,34117,25728,49029,565---4,23711,37118,28324,98231,47439,76642,15346,93951,43855,96360,322
170/4 173,4869,34117,25728,49029,565---4,23711,37118,28324,98231,47439,76642,15346,93951,43855,96360,322
42/48 451,325414,008403,678376,112386,099386,843356,213394,816341,164305,201111,630108,370142,851172,183186,105200,074207,213201,099202,496
42 23,78811,28511,2327,8127,760--4,2377,1336,9136,6996,4928,29212,5604,7864,5844,5254,3594,200
43 --7592861,055969-----------101-
430/8 --7592861,055969-----------101-
44 14,38923,65923,6853,40612,08225,45414,51533,21353,17123,02318,0717,40716,9815,1107383,9184,685196285
440/4 14,38923,65923,6853,40612,08225,45414,51533,21353,17123,02318,0717,40716,9815,1107383,9184,685196285
46 ----------------399-266
45 44,89916,26815,21710,73711,43514,8691,93712,24014,7319,68212,2077,8624452,7921,0321,9622,3376265,825
450/3 40,55811,95710,97810,73711,43510,7271,93712,24014,7319,68212,2077,8624452,7921,0321,9622,3376265,825
454/9 4,3414,3114,240--4,142-------------
47/48 368,249362,796352,784353,870353,767345,550339,762345,125266,129265,58574,65486,609117,133151,721179,549189,610195,267195,816191,920
492/3 32,40231,63120,14014,40015,23614,95215,70314,17923,68614,7168,21510,10512,2478,4493,9834,0643,9113,8703,790
Income statement
76A 618--134,326---------------
9900 236,869163,812141,917210,81957,12595,64799,132113,896118,27166,06180,29394,57780,51194,46335,14540,02625,58519,16117,460
630 81,49737,92724,01922,05529,79127,54133,91171,69852,70321,72123,94524,04918,10616,91912,34611,51411,99612,24316,679
640/8 16,27413,21547,27211,66810,64711,19610,42410,55711,1309,4649,7229,8389,93211,3597,1735,6067,9377,8208,382
9901 139,098112,67070,625177,09616,68756,91054,79831,64054,43834,87646,62560,69052,47466,18515,62622,9065,652-902-7,600
75/76B 5,6604,98746803422237963693162316334175157144681,66561
75 5,6604,98746803422237963693162316334175157144681,66561
65/66B 30,63427,33720,64414,88314,45614,03014,40613,17023,35114,5048,24411,28114,45511,0456,2146,6316,3486,5288,083
65 30,63427,33720,64414,88314,45614,03014,40613,17023,35114,5048,24411,28114,45511,0456,2146,6316,3486,5288,083
9903 114,12490,32050,449162,2142,57342,90240,39518,55031,14921,06538,54449,72538,35455,3159,56916,420-629-5,765-15,623
67/77 34,22126,64912,87740,4492,38712,33710,6979,52911,3887,63211,6265,890306246-17179--
9904 79,90363,67137,572121,76518630,56529,6989,02119,76113,43326,91743,83538,04855,0699,58616,403-638-5,765-15,623
9905 79,90363,67137,572121,76518630,56529,6989,02119,76113,43326,91743,83538,04855,0699,58616,403-638-5,765-15,623
Appropriation of the result
9906 83,30167,06943,398125,8264,06134,44030,87511,57120,55117,78910,556-16,361-60,196-98,244-153,313-162,899-179,302-178,665-172,899
14P 3,3983,3985,8264,0613,875--------------
691/2 79,90363,67140,000120,000-30,56527,0008,00018,00017,0006,200--------
6920 ----------6,200--------
6921 79,90363,67140,000120,000-30,56527,0008,00018,00017,000---------
694/7 -------2,394-----------
694 -------2,394-----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 19 older financial years (1987-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 31-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 31-03-2026 2026-00074771 PDF
30-09-2024 micro format 31-03-2025 2025-00060374 PDF
30-09-2023 micro format 22-02-2024 2024-00033144 PDF
30-09-2022 micro format 21-03-2023 2023-00042500 PDF
30-09-2021 micro format 29-04-2022 2022-20020731 PDF
30-09-2020 micro format 30-04-2021 2021-12900088 PDF
30-09-2019 micro format 30-04-2020 2020-11100393 PDF
30-09-2018 micro format 30-04-2019 2019-12200299 PDF
30-09-2017 micro format 02-05-2018 2018-11600011 PDF
30-09-2016 abbreviated format 02-05-2017 2017-11100177 PDF
30-09-2015 abbreviated format 31-03-2016 2016-08900466 PDF
30-09-2014 abbreviated format 30-04-2015 2015-11300041 PDF
30-09-2013 abbreviated format 29-04-2014 2014-11400037 PDF
30-09-2012 abbreviated format 18-03-2013 2013-06600335 PDF
30-09-2011 abbreviated format 05-03-2012 2012-05500430 PDF
30-09-2010 abbreviated format 02-03-2011 2011-05000305 PDF
30-09-2009 abbreviated format 04-03-2010 2010-06500174 PDF
30-09-2008 abbreviated format 24-03-2009 2009-08600131 PDF
30-09-2007 abbreviated format 31-03-2008 2008-09500092 PDF
30-09-2006 abbreviated format 14-03-2007 2007-07305302 PDF
30-09-2005 abbreviated format 28-02-2006 2006-06005219 PDF
30-09-2004 abbreviated format 17-03-2005 2005-08004808 PDF
30-09-2003 abbreviated format 10-03-2004 2004-06804811 PDF
30-09-2002 abbreviated format 14-04-2003 2003-10600177 PDF
30-09-2001 abbreviated format 11-04-2002 2002-09100258 PDF
30-09-2000 abbreviated format 03-04-2001 2001-08500034 PDF
30-09-1999 abbreviated format 31-03-2000 2000-07900267 PDF
30-09-1998 abbreviated format 30-04-1999 1999-08604969 PDF
30-09-1997 abbreviated format 07-04-1998 1998-06302727 PDF
30-09-1996 abbreviated format 25-03-1997 1997-04104476 PDF
30-09-1995 abbreviated format 23-02-1996 1996-03003167 PDF
30-09-1994 abbreviated format 22-02-1995 1995-02801493 PDF
31-12-1992 abbreviated format 09-07-1993 1993-25702168 PDF
31-12-1991 abbreviated format 16-07-1992 1992-22604022 PDF
31-12-1990 abbreviated format 15-07-1991 1991-18004663 PDF
31-12-1989 abbreviated format 06-07-1990 1990-16100237 PDF
31-12-1988 abbreviated format 27-06-1989 1989-11502046 PDF
31-12-1987 abbreviated format 20-06-1988 1988-09100324 PDF

Subsidies and aid

Flemish government 2025, 1 entry, €1,888 awarded, €1,888 paid

Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
€1,888

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
220,595150,59794,645199,15146,47784,45188,708103,338107,14156,59670,57084,73970,58083,10427,97234,42017,64811,3419,079
161,400101,59861,592143,82029,97758,10663,60880,71972,46435,15450,86267,88356,15471,98921,93327,91711,3586,4781,056
380,7526,145332,51616,52962,7277,62616,642193,349257,57012,69561,68026,86211,86127,8245,1911,166006,084
194,400-81,423-296,714393,563108,758-31,9407,803-76,826-145,290221,071-15,332-3,6789,00925,135-2,90310,9445,7542,286-
-57,471-2,417-101,445174,972-240,582-237,681-287,434-335,925-207,156-23,887-45,934-37,657-70,045-109,844-156,087-167,961-190,367-197,240-199,440
69.2%75.4%75.1%75.5%73.1%74.5%75.4%73.1%75.0%76.6%88.6%87.9%84.3%81.4%79.6%78.2%77.1%77.2%76.9%
0.870.990.751.470.380.390.190.150.390.920.590.650.510.360.160.160.080.020.02
0.810.940.631.470.380.390.190.150.390.920.590.650.510.360.160.160.080.020.02
0.450.330.330.320.370.340.330.370.330.310.130.140.190.230.260.280.300.300.30
5.4%4.6%2.8%9.4%0.0%2.6%2.6%0.8%1.8%1.2%2.5%4.2%3.8%5.7%1.1%1.8%-0.1%-0.7%-1.8%
3.7%3.4%2.1%7.1%0.0%1.9%2.0%0.6%1.3%0.9%2.2%3.7%3.2%4.7%0.8%1.4%-0.1%-0.5%-1.4%
7.205.514.5813.383.22--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets€380,752€4,955€320,016€16,529€62,727
Intangible fixed assets--€12,500--
Financial fixed assets-€1,190---
€81,497€37,927€24,019€22,055€29,791

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on THEMASHOE

The operating result for 2025 is 23% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 24.6% to 30.8%. Equity and debt are higher.

Large changes and their cause
  • 2022 Net result +65,397% on 2021. The 2022 profit included a one-off income of €134,326.

Next steps

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