THEO Technologies
ActiveSummary
THEO Technologies has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.9m and a net result of €2.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 1555 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+12
Solvency64▲+19
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.42 in 2023; short-term debt: 25.8% and cash: 15.4% of total assets), but 60.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.3%
Return on assets
20.4%
Age of the figures
24 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €3.9m
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 18-07-2025, 79 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
79 d late
2023
85 d early
2022
28 d early
2021
31 d early
2020
60 d early
2019
70 d late
2018
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
THEO Technologies was incorporated on 31 July 2012 by three natural persons, with a starting capital of EUR 18,600.12 The registered office moved to Leuven in 2015 and to Heverlee in 2019.34 The name was changed to OpenTelly in 2016 and to THEO Technologies in 2017.56 Between 2016 and 2025 the capital was increased 4 times.789 The board currently has 4 members; Steven TIELEMANS has served longest, since 2024.10 Revenue grew from EUR 4.8 million in 2022 to EUR 7.7 million in 2024 and headcount from 35.1 full-time equivalents in 2018 to 34.6 in 2024.11
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 14-08-2012
- 3Belgian State Gazette, 19-11-2015
- 4Belgian State Gazette, 19-12-2019
- 5Belgian State Gazette, 11-08-2016
- 6Belgian State Gazette, 12-04-2017
- 7Belgian State Gazette, 26-07-2016
- 8Belgian State Gazette, 22-07-2020
- 9Belgian State Gazette, 15-09-2025
- 10Belgian State Gazette, 21-10-2024
- 11National Bank, annual accounts 2018, 2022 and 2024
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Leuven, Telecoms and IT sector
Turnover
€7.7m▲ 14.0%
2023 · €6.7m
EBIT margin
22.4%▲ 23.4pp
2023 · -0.9%
Net result
€2.0m▲ 238%
2023 · €593,607
Working capital
€2.2m▲ 36.8%
2023 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€4.8m€6.7m▲ 38.7%€7.7m▲ 14.0%
Operating result-€1.2m▲ 65.9%-€1.6m▼ 29.0%-€1.3m▲ 17.6%-€63,360▲ 95.2%€1.7m
Net result-€868,415below the sector's middle half▲ 55.6%-€1.1mbelow the sector's middle half▼ 24.3%-€707,171below the sector's middle half▲ 34.5%€593,607above the sector's middle half€2.0mabove the sector's middle half▲ 238%
EBIT margin-27.3%-0.9%▲ 26.4pp22.4%▲ 23.4pp
Equity€2.8mabove the sector's middle half€2.1mabove the sector's middle half▼ 24.8%€1.1mwithin the sector's middle half▼ 47.6%€2.1mabove the sector's middle half▲ 87.2%€3.9mabove the sector's middle half▲ 83.7%
Total assets€8.9mabove the sector's middle half▲ 149%€11.1mabove the sector's middle half▲ 25.7%€9.8mabove the sector's middle half▼ 11.9%€10.7mabove the sector's middle half▲ 9.5%€9.8mabove the sector's middle half▼ 8.5%
Debt€5.8m▲ 11.4%€8.9m▲ 52.7%€8.6m▼ 3.1%€8.6m▼ 0.1%€6.0m▼ 30.9%
Working capital€3.5mabove the sector's middle half€4.0mabove the sector's middle half▲ 15.1%€2.4mabove the sector's middle half▼ 39.0%€1.6mabove the sector's middle half▼ 34.2%€2.2mabove the sector's middle half▲ 36.8%
Solvency32.1%within the sector's middle half▲ 85.7pp19.2%within the sector's middle half▼ 12.9pp11.4%below the sector's middle half▼ 7.8pp19.6%within the sector's middle half▲ 8.1pp39.3%within the sector's middle half▲ 19.7pp
Current ratio3.16within the sector's middle half▲ 2.193.06within the sector's middle half▼ 0.102.26within the sector's middle half▼ 0.801.42within the sector's middle half▼ 0.831.86within the sector's middle half▲ 0.44
Return on assets (ROA)-9.8%below the sector's middle half▲ 45.1pp-9.7%below the sector's middle half▲ 0.1pp-7.2%below the sector's middle half▲ 2.5pp5.5%within the sector's middle half▲ 12.7pp20.4%above the sector's middle half▲ 14.9pp
Staff (FTE)77.9above the sector's middle half▲ 26.7%61.6above the sector's middle half▼ 20.9%43.8above the sector's middle half▼ 28.9%36above the sector's middle half▼ 17.8%34.6within the sector's middle half▼ 3.9%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +238% on 2023. This fiscal year ran 9 months, the previous one 12.
- 2020 Total assets +149% on 2019. Capital increase of €5,000,002 (Official Gazette 06-03-2020).
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1.7m after a loss of €63,360 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.8m
Fixed assets
€5.1m ▼ 4.7%
Current assets
€4.7m ▼ 12.2%
Equity and liabilities €9.8m
Equity
€3.9m ▲ 83.7%
Debt
€6.0m ▼ 30.9%
Debt's share of the balance-sheet total falls from 80.4% to 60.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.3m▲
2023 · €3.6m
Cash flow
€4.6m▲
2023 · €4.2m
Debt to equity
1.54▼
2023 · 4.11
ROE
51.9%▲
2023 · 28.2%
Interest coverage
49.24▲
2023 · 18.06
Debt ≤ 1 year
€2.5m▼
2023 · €3.8m
Debt > 1 year
€0▼
2023 · €500,000
Income taxes
-€25,962▲
2023 · -€233,399
Staff costs
€2.8m▼
2023 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €9.1m | €10.8m | €10.5m | ▼ 3.6% |
| Turnover70 | - | - | €4.8m | €6.7m | €7.7m | ▲ 14.0% |
| Own construction capitalised72 | - | - | €3.4m | €3.5m | €2.3m | ▼ 33.7% |
| Other operating income74 | - | - | €818,723 | €647,127 | €489,982 | ▼ 24.3% |
| Non-recurring operating income76A | - | €0 | - | €9,029 | €0 | ▼ 100% |
| Operating charges60/66A | - | - | €10.4m | €10.9m | €8.7m | ▼ 19.9% |
| Services and other goods61 | - | - | €3.3m | €3.5m | €3.2m | ▼ 9.4% |
| Remuneration, social security and pensions62 | - | €4.9m | €3.7m | €3.6m | €2.8m | ▼ 21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €2.2m | €3.2m | €3.6m | €2.6m | ▼ 27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €168,775 | €72,415 | €98,854 | €64,586 | ▼ 34.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €20,280 | -€20,280 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €11,065 | €10,776 | €10,242 | €5,156 | ▼ 49.7% |
| Non-recurring operating charges66A | - | - | €116,193 | €67,137 | €21,345 | ▼ 68.2% |
| Gross operating margin9900 | €5.4m | €5.7m | - | - | - | - |
| Operating profit (loss)9901 | -€1.2m | -€1.6m | -€1.3m | -€63,360 | €1.7m | ▲ 2,815% |
| Financial income75/76B | - | €491,380 | €690,147 | €700,595 | €469,373 | ▼ 33.0% |
| Recurring financial income75 | €283,289 | €491,380 | €690,147 | €700,595 | €469,373 | ▼ 33.0% |
| Income from current assets751 | - | - | €836 | - | - | - |
| Other financial income752/9 | - | - | €689,310 | €700,595 | €469,373 | ▼ 33.0% |
| Financial charges65/66B | - | €185,990 | €244,202 | €302,304 | €210,666 | ▼ 30.3% |
| Recurring financial charges65 | €100,835 | €185,990 | €244,202 | €302,304 | €210,666 | ▼ 30.3% |
| Debt charges650 | - | - | €193,894 | €197,034 | €87,959 | ▼ 55.4% |
| Other financial charges652/9 | - | - | €50,308 | €105,269 | €122,707 | ▲ 16.6% |
| Profit (loss) for the period before taxes9903 | -€1.1m | -€1.3m | -€879,238 | €334,931 | €2.0m | ▲ 491% |
| Transfer from deferred taxes780 | - | €97,637 | €50,557 | €25,277 | €0 | ▼ 100% |
| Income taxes67/77 | -€166,816 | -€125,685 | -€121,510 | -€233,399 | -€25,962 | ▲ 88.9% |
| Taxes670/3 | - | - | €15,641 | €19,881 | €103,832 | ▲ 422% |
| Tax adjustments and reversals of tax provisions77 | - | - | €137,151 | €253,280 | €129,794 | ▼ 48.8% |
| Profit (loss) for the period9904 | -€868,415 | -€1.1m | -€707,171 | €593,607 | €2.0m | ▲ 238% |
| Profit (loss) for the period to be appropriated9905 | -€868,415 | -€1.1m | -€707,171 | €593,607 | €2.0m | ▲ 238% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.9m | €11.1m | €9.8m | €10.7m | €9.8m | ▼ 8.5% |
| Fixed assets21/28 | €3.8m | €5.2m | €5.4m | €5.4m | €5.1m | ▼ 4.7% |
| Intangible fixed assets21 | €3.7m | €5.1m | €5.3m | €5.2m | €4.9m | ▼ 5.3% |
| Tangible fixed assets22/27 | €141,748 | €121,067 | €105,924 | €151,326 | €173,616 | ▲ 14.7% |
| Plant, machinery and equipment23 | - | - | - | €3,004 | €2,774 | ▼ 7.6% |
| Furniture and vehicles24 | - | €37,571 | €34,159 | €88,288 | €119,606 | ▲ 35.5% |
| Other tangible fixed assets26 | - | €83,497 | €71,766 | €60,034 | €51,236 | ▼ 14.7% |
| Financial fixed assets28 | €4,239 | €4,239 | €930 | €930 | €930 | = |
| Other financial fixed assets284/8 | - | - | €930 | €930 | €930 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €930 | €930 | €930 | = |
| Current assets29/58 | €5.1m | €5.9m | €4.4m | €5.4m | €4.7m | ▼ 12.2% |
| Amounts receivable after more than one year29 | - | €743,493 | €853,062 | €1.1m | €992,583 | ▼ 9.4% |
| Other amounts receivable291 | - | €743,493 | €853,062 | €1.1m | €992,583 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €2.0m | €2.9m | €2.3m | €3.9m | €2.0m | ▼ 48.1% |
| Trade receivables40 | - | €1.8m | €2.1m | €2.6m | €1.7m | ▼ 34.8% |
| Other amounts receivable41 | - | €1.0m | €273,548 | €1.3m | €320,290 | ▼ 75.0% |
| Cash at bank and in hand54/58 | €2.6m | €2.1m | €1.0m | €183,056 | €1.5m | ▲ 728% |
| Deferred charges and accrued income490/1 | - | €162,701 | €165,259 | €219,895 | €196,277 | ▼ 10.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.9m | €11.1m | €9.8m | €10.7m | €9.8m | ▼ 8.5% |
| Equity10/15 | €2.8m | €2.1m | €1.1m | €2.1m | €3.9m | ▲ 83.7% |
| Contributions10/11 | €5.1m | €1.2m | €1.2m | €1.2m | €1.5m | ▲ 30.5% |
| Capital10 | - | €1.1m | €1.1m | €1.1m | - | - |
| Issued capital100 | - | €1.1m | €1.1m | €1.1m | - | - |
| Outside capital11 | - | €57,100 | €57,100 | €57,100 | - | - |
| Share premium1100/10 | - | €57,100 | €57,100 | €57,100 | - | - |
| Reserves13 | €1,397 | €1,397 | €1,397 | €1,397 | €1,397 | = |
| Non-distributable reserves130/1 | - | €1,331 | €1,331 | €1,331 | - | - |
| Legal reserve130 | - | €1,331 | €1,331 | €1,331 | - | - |
| Tax-exempt reserves132 | - | €66 | €66 | €66 | €66 | ▲ 0.1% |
| Distributable reserves133 | - | - | - | - | €1,331 | - |
| Profit (loss) carried forward14 | -€3.8m | -€948,049 | -€1.7m | -€1.1m | €942,982 | ▲ 189% |
| Investment grants15 | - | €1.9m | €1.6m | €2.0m | €1.4m | ▼ 30.7% |
| Provisions and deferred taxes16 | €173,471 | €75,835 | €45,557 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €20,280 | - | - | - |
| Other liabilities and charges164/5 | - | - | €20,280 | - | - | - |
| Deferred taxes168 | - | €75,835 | €25,277 | - | - | - |
| Amounts payable17/49 | €5.8m | €8.9m | €8.6m | €8.6m | €6.0m | ▼ 30.9% |
| Amounts payable after more than one year17 | €2.6m | €4.5m | €3.5m | €500,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €4.5m | €3.5m | €500,000 | €0 | ▼ 100% |
| Subordinated loans170 | - | - | €2.0m | €0 | - | - |
| Credit institutions173 | - | - | €1.5m | €500,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.6m | €1.9m | €1.9m | €3.8m | €2.5m | ▼ 33.0% |
| Current portion of amounts payable after more than one year42 | - | €126,731 | €18,758 | €2.0m | €0 | ▼ 100% |
| Financial debts43 | - | €450,392 | €450,458 | €451,824 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €450,392 | €450,458 | €451,824 | €0 | ▼ 100% |
| Trade debts44 | €600,923 | €641,458 | €430,448 | €831,710 | €936,955 | ▲ 12.7% |
| Suppliers440/4 | - | €641,458 | €430,448 | €831,710 | €936,955 | ▲ 12.7% |
| Taxes, remuneration and social security45 | - | €516,363 | €527,986 | €493,144 | €732,139 | ▲ 48.5% |
| Taxes450/3 | - | €12,395 | €103,519 | - | - | - |
| Remuneration and social security454/9 | - | €503,968 | €424,466 | €493,144 | €732,139 | ▲ 48.5% |
| Other amounts payable47/48 | - | €194,705 | €503,569 | - | €861,833 | - |
| Accrued charges and deferred income492/3 | - | €2.5m | €3.2m | €4.4m | €3.4m | ▼ 21.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€868,415 | -€1.1m | -€707,171 | €593,607 | €2.0m | ▲ 238% |
| + Depreciation and write-downs630 | €1.1m | €2.2m | €3.2m | €3.6m | €2.6m | ▼ 27.9% |
| Operating cash flow (approximation) | €244,814 | €1.1m | €2.5m | €4.2m | €4.6m | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | -€3.6m | -€3.4m | -€3.5m | -€2.4m | ▲ 33.3% |
| Change in cash | - | -€517,951 | -€1.1m | -€826,084 | €1.3m | ▲ 261% |
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
2025
24-10
State Gazette act
Permanent representative: Pieter De SmetStatutes amendment · Transitional provision4 facts ▸
State Gazette act
Permanent representative: Pieter De Smet
Statutes amendment · Transitional provision4 facts ▸
- General meeting, 09-10-2025
- Statutes amendment
- Transitional provision, De eerstvolgende gewone algemene vergadering over de jaarrekening afgesloten per 30 september 2025 zal gehouden worden op 20 maart 2026 om 16 uur
- Permanent representative, Pieter De Smet
15-09
State Gazette act
Capital & shares · Statutes amendmentCapital increase2 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase2 facts ▸
- General meeting, 20-08-2025
- Capital increase, €2.696.669,05
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 79 days late
30-05
State Gazette act
Appointment: Steven Tielemans (day-to-day manager)2 facts ▸
State Gazette act
Appointment: Steven Tielemans (day-to-day manager)
2 facts ▸
- Board meeting, 15-04-2025
- Director appointment, Steven Tielemans (day-to-day manager)
2024
21-10
State Gazette act
Appointment: Steven Tielemans (day-to-day manager)Share concentration · Power of attorney4 facts ▸
State Gazette act
Appointment: Steven Tielemans (day-to-day manager)
Share concentration · Power of attorney4 facts ▸
- Board meeting, 17-09-2024
- Director appointment, Steven Tielemans (day-to-day manager)
- Share concentration, Kennisname van de vereniging van alle aandelen in de Vennootschap in één hand sinds 24-07-2024 door Dolby International AB
- Power of attorney, Stibbe BV
30-09
Financial
Highest result since 2018net €2.0m ▲238%
Operating result €1.7m, net result €2.0m, both a record.
24-09
State Gazette act
Resignations: Pieter-Jan Speelmans, Steven Tielemans and About Sound and Vision Ltd.Appointments: Daniel Rodriguez, Susan Way and Grace Chu · Permanent representative: Thomas Depuydt · Mandate compensation18 facts ▸
State Gazette act
Resignations: Pieter-Jan Speelmans, Steven Tielemans and About Sound and Vision Ltd.
Appointments: Daniel Rodriguez, Susan Way and Grace Chu · Permanent representative: Thomas Depuydt · Mandate compensation18 facts ▸
- General meeting, 24-07-2024
- Director resignation, Pieter-Jan Speelmans (director)
- Director resignation, Steven Tielemans (director)
- Director resignation, About Sound and Vision Ltd. (director)
- Director appointment, Daniel Rodriguez (director)
- Director appointment, Susan Way (director)
- Director appointment, Grace Chu (director)
- Mandate compensation, Daniel Rodriguez
- Mandate compensation, Susan Way
- Mandate compensation, Grace Chu
- Power of attorney, Stibbe BV
- Board meeting, 24-07-2024
- +6 further facts in this act
20-09
State Gazette act
Resignations: RODRIGUEZ Daniel, WAY Susan and CHU GraceAppointments: RODRIGUEZ Daniel, WAY Susan and CHU Grace · Legal-form conversion · Net-asset statement13 facts ▸
State Gazette act
Resignations: RODRIGUEZ Daniel, WAY Susan and CHU Grace
Appointments: RODRIGUEZ Daniel, WAY Susan and CHU Grace · Legal-form conversion · Net-asset statement13 facts ▸
- General meeting, 05-09-2024
- Legal-form conversion, Naamloze vennootschap naar Besloten vennootschap
- Net-asset statement, 30-06-2024
- Director resignation, RODRIGUEZ Daniel (director)
- Director resignation, WAY Susan (director)
- Director resignation, CHU Grace (director)
- Director appointment, RODRIGUEZ Daniel (director)
- Director appointment, WAY Susan (director)
- Director appointment, CHU Grace (director)
- Mandate compensation, RODRIGUEZ Daniel
- Mandate compensation, WAY Susan
- Mandate compensation, CHU Grace
- +1 further facts in this act
02-08
State Gazette act
Capital & sharesShare issue · Capital · Power of attorney3 facts ▸
State Gazette act
Capital & shares
Share issue · Capital · Power of attorney3 facts ▸
- Share issue, Soort A Aandelen, 9231
- Capital, €1.486.261,3
- Power of attorney, Four and Five Law
02-08
State Gazette act
Capital & shares · Statutes amendment · MiscellaneousCapital6 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Miscellaneous
Capital6 facts ▸
- General meeting, 24-07-2024
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €1.486.261,3
01-07
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Gert Claes3 facts ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Gert Claes3 facts ▸
- General meeting, 03-05-2024
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Gert Claes
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Show earlier events
2023
31-12
Financial
Back to profitnet €593,607
Net result €593,607 after 5 loss-making years.
31-12
Financial
Equity above €2mEq €2.1m ▲87.2%
Equity rises from €1.1m to €2.1m.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
11-05
State Gazette act
Reappointments: Pieter-Jan Speelmans (director) and Steven Tielemans (director)Mandate compensation5 facts ▸
State Gazette act
Reappointments: Pieter-Jan Speelmans (director) and Steven Tielemans (director)
Mandate compensation5 facts ▸
- General meeting, 23-06-2022
- Director reappointment, Pieter-Jan Speelmans (director)
- Director reappointment, Steven Tielemans (director)
- Mandate compensation, Pieter-Jan Speelmans
- Mandate compensation, Steven Tielemans
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
13-01
State Gazette act
Capital & shares · Statutes amendmentCapital decrease · Capital · Power of attorney5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital decrease · Capital · Power of attorney5 facts ▸
- General meeting, 23-12-2021
- Capital decrease, €1.000.000
- Capital, €1.125.219,7
- Statutes amendment
- Power of attorney
2021
14-10
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Gert Claes3 facts ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Gert Claes3 facts ▸
- General meeting, 27-09-2021
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Gert Claes
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
26-04
State Gazette act
Appointment: TIELEMANS Steven (managing director)2 facts ▸
State Gazette act
Appointment: TIELEMANS Steven (managing director)
2 facts ▸
- Board meeting, 01-04-2021
- Director appointment, TIELEMANS Steven (managing director)
11-02
State Gazette act
Capital & shares · Statutes amendmentCapital decrease · Capital4 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital decrease · Capital4 facts ▸
- General meeting, 05-02-2021
- Capital decrease, €2.938.855,45
- Capital, €2.125.219,7
- Statutes amendment
2020
31-12
Financial
Liquidity triplescurrent ratio 3.16
Current ratio from 0.96 to 3.16; short-term debt falls from €3.1m to €1.6m.
31-12
Financial
Equity above €2mEq €2.8m
Equity rises from -€1.9m to €2.8m.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
22-07
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Bank account · Capital5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Bank account · Capital5 facts ▸
- Board meeting, 10-06-2020
- Capital increase, €2.572,8
- Bank account, BE18 7360 6978 1965
- Capital, €5.064.075,15
- Statutes amendment
06-03
State Gazette act
Resignation: TIELEMANS Maarten (director)Appointment: About Sound and Vision Ltd. (director) · Permanent representative: DEPUYDT Thomas Albert · Capital increase19 facts ▸
State Gazette act
Resignation: TIELEMANS Maarten (director)
Appointment: About Sound and Vision Ltd. (director) · Permanent representative: DEPUYDT Thomas Albert · Capital increase19 facts ▸
- General meeting, 26-02-2020
- Capital increase, €5.000.002,35
- Bank account, BE62 7310 4866 3861
- Share issue, ESOP Inschrijvingsrechten, 20644
- Share issue, Anti-dilutie Preferente Inschrijvingsrechten, 15
- Share issue, Indemnification Inschrijvingsrechten, 9
- Statutes amendment
- Capital, €5.061.502,35
- Director resignation, TIELEMANS Maarten (director)
- Director appointment, About Sound and Vision Ltd. (director)
- Permanent representative, DEPUYDT Thomas Albert
- Warrant cancellation, Globaal Warrantenplan, niet toegekend
- +7 further facts in this act
2019
31-12
Financial
Weakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series; recovery starts the following year.
19-12
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 15-10-2019
- Registered-office move, 3001 Heverlee, Philipssite 5, bus 1
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
05-12
State Gazette act
Resignation: Dirk Wauters (director)Director discharge4 facts ▸
State Gazette act
Resignation: Dirk Wauters (director)
Director discharge4 facts ▸
- General meeting, 29-06-2018
- Director discharge, THEO Technologies
- Director discharge, THEO Technologies
- Director resignation, Dirk Wauters (director)
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
12-04
State Gazette act
Registered office · Statutes amendmentName change · Registered-office move2 facts ▸
State Gazette act
Registered office · Statutes amendment
Name change · Registered-office move2 facts ▸
- Name change, THEO Technologies
- Registered-office move, Kolonel Begaultlaan 1b, 3012 Leuven (Wilsele)
2016
24-08
State Gazette act
Appointment: TIELEMANS, Steven (director)Mandate term2 facts ▸
State Gazette act
Appointment: TIELEMANS, Steven (director)
Mandate term2 facts ▸
- Director appointment, TIELEMANS, Steven (director)
- Mandate term, 6 jaar
11-08
State Gazette act
MiscellaneousName change1 fact ▸
State Gazette act
Miscellaneous
Name change1 fact ▸
- Name change, OpenTelly
26-07
State Gazette act
Resignations: TIELEMANS, Steven, TIELEMANS, Maarten and SPEELMANS, Pieter-JanAppointments: TIELEMANS, Maarten, SPEELMANS, Pieter-Jan and WAUTERS, Dirk · Legal-form conversion · Share issue14 facts ▸
State Gazette act
Resignations: TIELEMANS, Steven, TIELEMANS, Maarten and SPEELMANS, Pieter-Jan
Appointments: TIELEMANS, Maarten, SPEELMANS, Pieter-Jan and WAUTERS, Dirk · Legal-form conversion · Share issue14 facts ▸
- General meeting, 29-06-2016
- Legal-form conversion, besloten vennootschap met beperkte aansprakelijkheid naar naamloze vennootschap
- Share issue, 1:1000, split
- Capital increase, €775
- Capital increase, €42.125
- Share issue, warrants, 16447
- Director resignation, TIELEMANS, Steven (manager)
- Director resignation, TIELEMANS, Maarten (manager)
- Director resignation, SPEELMANS, Pieter-Jan (manager)
- Director appointment, TIELEMANS, Maarten (director)
- Director appointment, SPEELMANS, Pieter-Jan (director)
- Director appointment, WAUTERS, Dirk (director)
- +2 further facts in this act
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-11
State Gazette act
Registered officeRegistered-office move · Power of attorney5 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney5 facts ▸
- Board meeting, 19-10-2015
- Registered-office move, 3001 Leuven (Heverlee), Kapeldreef 60
- Power of attorney, Nick Berckmans
- Power of attorney, Edine Dirkx
- Power of attorney, Ine Stevens
2012
14-08
State Gazette act
IncorporationAppointments: Steven TIELEMANS, Maarten TIELEMANS and Pieter-Jan SPEELMANS · Founding capital · Bank account9 facts ▸
State Gazette act
Incorporation
Appointments: Steven TIELEMANS, Maarten TIELEMANS and Pieter-Jan SPEELMANS · Founding capital · Bank account9 facts ▸
- Incorporation, 31-07-2012
- Founding capital, €18.600
- Bank account, ING België
- Director appointment, Steven TIELEMANS (manager)
- Director appointment, Maarten TIELEMANS (manager)
- Director appointment, Pieter-Jan SPEELMANS (manager)
- Mandate compensation, Steven TIELEMANS
- Mandate compensation, Maarten TIELEMANS
- Mandate compensation, Pieter-Jan SPEELMANS
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
24 of 24 acts read
Directors · office · real estate
Directors
3 directors, 1 in day-to-day management, no change since 2024
Board 3
CHU Grace
CurrentDirector · since 05-09-2024
RODRIGUEZ Daniel
CurrentDirector · since 05-09-2024
WAY Susan
CurrentDirector · since 05-09-2024
Day-to-day management 1
Steven TIELEMANS
CurrentDay-to-day manager · since 01-04-2021
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 01-01-2021 · perm. rep.: Gert Claes
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2012
Ground area
6,606 m²
Building footprint
2,028 m²
Volume, LiDAR
47,312 m³
Parcel 24433E0025/00C002, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
THEO Technologies
since 20122.211.417.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 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.
Mandate history
9 people since 2012, 5 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| CHU Grace |
|
| RODRIGUEZ Daniel |
|
| WAY Susan |
|
| Steven TIELEMANS |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| About Sound and Vision Ltd. |
|
| Pieter-Jan SPEELMANS |
|
| Maarten TIELEMANS |
|
| Dirk Wauters |
|
Articles of association
Purpose
Onderzoek naar nieuwe technologieën, uitvindingen, nemen en handelen in patenten, brevetten, octrooien, merken, tekeningen, modellen, certificaten, auteursrechten; het produceren…
Full purpose
Onderzoek naar nieuwe technologieën, uitvindingen, nemen en handelen in patenten, brevetten, octrooien, merken, tekeningen, modellen, certificaten, auteursrechten; het produceren in eigen beheer of in onderaanneming van nieuwe technologieën en uitvindingen; de onderneming in elektronische handel, de verkoop van alle goederen en diensten via het internet of andere gegevensdragers; het opmaken van websites en het verlenen van alle diensten aangaande; de productie, ontwikkeling en realisatie van interactieve multimedia toepassingen en elke vorm van interactieve handel of levering van diensten; inkoop en verkoop, import en export, verhuur, leasing en installatie van communicatiesystemen, zowel hardware als software en alle toebehoren daarmee gepaard gaande; inkoop en verkoop, import en export, verhuur, productie, samenstellen, aanpassen en andere activiteiten gerelateerd aan digitale content in de meest ruime betekenis van het woord; het ontwerp en inrichten van computerzalen en de inkoop, verkoop ontwerp van gespecialiseerd meubilair; aanbieden van hosting services; de organisatie van seminaries, opleidingen, team-building en andere events, beurzen en andere manifestaties; bouw van software en computerhardware; het samenwerken met onderwijsinstellingen en bedrijven in binnen-en buitenland om wetenschappelijk onderzoek in bovenvermelde producten te ondersteunen; het ontwikkelen, kopen en verkopen van octrooien in bovenvermelde producten; het kopen en verkopen van intellectuele rechten die verband houden met het voorgaande; het geven en ontvangen van royalty's; het ontwikkelen van een roerend en onroerend patrimonium; het bemiddelen voor de verkoop van online publiciteit, de marketing van online publiciteit en het bemiddelen voor de verkoop van en directe marketing van andere producten en diensten; samen met alle commerciële, industriële, financiële onroerend goed en roerend goed activiteiten die rechtstreeks of onrechtstreeks verband houden met het voormelde voorwerp of die de verwezenlijking ervan vergemakkelijken; alle activiteiten van een softwarehuis, zoals de analyse, ontwikkeling, commercialisering en exploitatie van software, evenals de handelingen omtrent de in- en verkoop en verhuur van ondersteunend materiaal; opleiding in programmeertaal, het verlenen van advies, consultancy, diensten en voorlichting van natuurlijke en rechtspersonen, zowel in de privé als openbare sector, zowel in binnen- als buitenland; het kopen, verkopen en ontwikkelen van toepassingen op voorgaande; het uitoefenen van bestuurscontrole en vereffeningsmandaten in andere vennootschappen, verenigingen of om het even welke rechtspersoon. De vennootschap mag bij wijze van inbreng in speciën of in natura, fusie, inschrijving, deelneming, financiële tussenkomst of anderszins, belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2023 annual accounts of THEO Technologies and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
De Vlaamse Radio- en Televisieomroeporganisatie
Shared director
→
KBC Bank
Shared director
→
NETWORK RESEARCH BELGIUM
Shared director
→
PROMAN Agilitas
Shared director
→
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 14-08-2012 ↗
- Steven Tielemans 100 shares (33.3%) · 6,200 EUR
- Maarten Tielemans 100 shares (33.3%) · 6,200 EUR
- Pieter-Jan Speelmans 100 shares (33.3%) · 6,200 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 15-09-2025 Capital increase of 2,696,669.05 EUR · no new shares
- 02-08-2024 Capital stated in the act · 1,486,261.30 EUR · 395,448 shares
- 13-01-2022 Capital reduction of 1,000,000 EUR · to 1,125,219.70 EUR · “aanzuivering van geleden verliezen”
- 11-02-2021 Capital reduction of 2,938,855.45 EUR · to 2,125,219.70 EUR · “aanzuivering van geleden verliezen”
- 22-07-2020 Capital increase of 2,572.80 EUR · to 5,064,075.15 EUR · 402 new shares · in cash
- 06-03-2020 Capital increase of 5,000,002.35 EUR · to 5,061,502.35 EUR · 73,315 new shares
- 26-07-2016 Capital increase of 775 EUR · to 19,375 EUR · 12,500 new shares
- 26-07-2016 Capital increase of 42,125 EUR · to 61,500 EUR
Show 1 older capital entries
- 14-08-2012 Incorporation · 18,600 EUR · 300 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 16 entries · 2,507,311 EUR awarded · 2,309,374 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | -12,500 EUR | 291,203 EUR |
| 2024 | 5 | 998,321 EUR | 1,257,508 EUR |
| 2023 | 4 | 46,668 EUR | 13,848 EUR |
| 2022 | 3 | 1,474,822 EUR | 746,815 EUR |
Schemes
European research
1 project · 962,500 EUR EU contributionProgrammes
Projects
An Artificial Intelligence Enhancing Video Quality Locally to Limit Internet Traffic Tied to Video Streaming
Recognitions · licences · registrations
Legal Entity Identifier
8945006S1LO2URJRLE51
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 1,607 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
Founded31-07-2012
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847829290
Registered
01-01-0001
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.