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THEO Technologies

Active Risk: low Private limited companyfounded 2012active for 14 yearsPhilipssite 5, 3001 LeuvenKBO/BCE: BE 0847.829.290 #10 company by total assets in Leuven, Telecoms and IT sector
THEO Technologies
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Timeline

47 events since 1
2025
Powers of attorney: Marie Vandenbrande and Hymad GhazalPermanent representative: Pieter De Smet · General meeting of 09-10-20254 points ▸
  • General meeting, 09-10-2025
  • Power of attorney, Marie Vandenbrande
  • Power of attorney, Hymad Ghazal
  • Permanent representative, Pieter De Smet

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Capital increase of €2,696,669.05Contribution: Dolby International AB · Dolby International AB holds all the shares · General meeting of 20-08-20255 points ▸
  • General meeting, 20-08-2025
  • Auditor report, 08-08-2025
  • Dolby International AB holds all the shares
  • Capital increase, €2,696,669.05
  • Capital contribution, €2,696,669.05
  • The deed holds 5 more points.

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Annual accounts 2024 filed PDFfull format · 79 days late
Appointment: Steven Tielemans (day-to-day manager)Board meeting of 15-04-20252 points ▸
  • Board meeting, 15-04-2025
  • Director appointment, Steven Tielemans (day-to-day manager)
  • The deed holds 1 more point.

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2024
Appointment: Steven Tielemans (day-to-day manager)Dolby International AB holds all the shares · Board meeting of 17-09-20243 points ▸
  • Board meeting, 17-09-2024
  • Director appointment, Steven Tielemans (day-to-day manager)
  • Dolby International AB holds all the shares
  • The deed holds 1 more point.

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Highest result from 2013 to 2024 net €2.0m ▲238% The operating result of €1.7m and the net result of €2.0m are both a record.
3 directors appointed, 3 resignationsResignations: Pieter-Jan Speelmans, Steven Tielemans and About Sound and Vision Ltd. · Permanent representative: Thomas Depuydt · Appointments: Daniel Rodriguez, Susan Way and Grace Chu · General meeting of 24-07-20249 points ▸

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Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: RODRIGUEZ Daniel, WAY Susan and CHU Grace · Appointments: RODRIGUEZ Daniel, WAY Susan and CHU Grace · Dolby International AB holds all the shares · General meeting of 05-09-202414 points ▸
  • Incorporation, 31-07-2012
  • General meeting, 05-09-2024
  • Dolby International AB holds all the shares
  • Power of attorney, MAELFAIT Guillaume Hendrik
  • Legal-form conversion, from public limited company to private limited company
  • Director resignation, RODRIGUEZ Daniel
  • Director resignation, WAY Susan
  • Director resignation, CHU Grace
  • Director appointment, RODRIGUEZ Daniel
  • Director appointment, WAY Susan
  • Director appointment, CHU Grace
  • Power of attorney, Tim CARNEWAL
  • Net-asset statement, 30-06-2024
  • Auditor report, 05-09-2024
  • The deed holds 19 more points.

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Capital of €1,486,261.30, 395,448 shares4 points ▸
  • Capital, €1,486,261.30, 395,448 shares
  • Power of attorney, Dimitri Coun (advocaat)
  • Power of attorney, Michaël Pollet (advocaat)
  • Power of attorney, Kaat Vernimmen (advocaat)
  • The deed holds 2 more points.

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Amendment of the articlesCapital of €1,486,261.30, 395,448 shares · General meeting of 24-07-20242 points ▸
  • General meeting, 24-07-2024
  • Capital, €1,486,261.30, 395,448 shares
  • The deed holds 3 more points.

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Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Gert Claes · General meeting of 03-05-20243 points ▸
  • General meeting, 03-05-2024
  • Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Gert Claes

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Annual accounts 2023 filed PDFfull format · 85 days before the deadline
2023
Back to profit net €593,607 The net result is €593,607, after 9 loss-making years.
Annual accounts 2022 filed PDFfull format · 28 days before the deadline
Reappointments: Pieter-Jan Speelmans (director) and Steven Tielemans (director)General meeting of 23-06-20223 points ▸

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2022
Annual accounts 2021 filed PDFabbreviated format · 31 days before the deadline
Capital decrease of €1,000,000 to €1,125,219.70Capital from €2,125,219.70 to €1,125,219.70 · General meeting of 23-12-20214 points ▸
  • General meeting, 23-12-2021
  • Capital decrease, €1,000,000
  • Amendment of the articles, article 5
  • Power of attorney, Tim CARNEWAL
  • The deed holds 4 more points.

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2021
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Gert Claes · General meeting of 27-09-20213 points ▸
  • General meeting, 27-09-2021
  • Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Gert Claes

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Annual accounts 2020 filed PDFabbreviated format · 60 days before the deadline
Appointment: TIELEMANS Steven (day-to-day manager)Board meeting of 01-04-20212 points ▸
  • Board meeting, 01-04-2021
  • Director appointment, TIELEMANS Steven (day-to-day manager)
  • The deed holds 1 more point.

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Capital decrease of €2,938,855.45 to €2,125,219.70Capital from €5,064,075.15 to €2,125,219.70 · General meeting of 05-02-20213 points ▸
  • General meeting, 05-02-2021
  • Capital decrease, €2,938,855.45
  • Amendment of the articles, article 5

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2020
Liquidity more than triples current ratio 3.16 The current ratio rises from 0.96 to 3.16. Short-term debt falls from €3.1m to €1.6m.
Equity above €2m equity €2.8m Equity rises from -€1.9m to €2.8m.
Annual accounts 2019 filed PDFabbreviated format · 70 days late
Capital increase of €2,572.80 to €5,064,075.15Capital from €5,061,502.35 to €5,064,075.15, 402 new shares · Board meeting of 10-06-20203 points ▸
  • Board meeting, 10-06-2020
  • Capital increase, €2,572.80
  • Capital, €5,064,075.15, 386,217 shares
  • The deed holds 1 more point.

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Capital increase of €5,000,002.35 to €5,061,502.35Capital from €61,500 to €5,061,502.35, 73,315 new shares · Resignation: TIELEMANS Maarten (director) · Appointment: About Sound and Vision Ltd. (director) · General meeting of 26-02-20207 points ▸
  • General meeting, 26-02-2020
  • Capital increase, €5,000,002.35
  • Amendment of the articles, article 5
  • Capital, €5,061,502.35, 385,815 shares
  • Director resignation, TIELEMANS Maarten
  • Director appointment, About Sound and Vision Ltd.
  • Permanent representative, DEPUYDT Thomas Albert
  • The deed holds 9 more points.

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2019
Weakest financial year net -€2.0m The net result drops to -€2.0m, the lowest from 2013 to 2024. It recovers the following year.
Registered office moved from Leuven to HeverleeNew registered office: Philipssite 5, bus 1, 3001 Heverlee · Previous registered office: Kolonel Begaultlaan 1b, 3012 Leuven (Wilsele) · Board meeting of 15-10-20192 points ▸
  • Board meeting, 15-10-2019
  • Registered-office move, Philipssite 5, bus 1, 3001 Heverlee

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Annual accounts 2018 filed PDFabbreviated format · 58 days late
2018
Equity above €1m equity €1.7m ▲843% Equity rises from €175,157 to €1.7m.
Resignation: Dirk Wauters (director)Director discharge: Dirk Wauters · Director discharge: Steven Tielemans · Director discharge: Maarten Tielemans · General meeting of 29-06-20185 points ▸

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Annual accounts 2017 filed PDFabbreviated format · 27 days late
2017
Equity above €150,000 equity €175,157 ▲44.1% Equity rises from €121,518 to €175,157.
Annual accounts 2016 filed PDFabbreviated format · 31 days late
Company renamed to THEO TechnologiesRegistered office moved within Leuven · New name: THEO Technologies · New registered office: Kolonel Begaultlaan 1b, 3012 Leuven (Wilsele)2 points ▸
  • Name change, THEO Technologies
  • Registered-office move, Kolonel Begaultlaan 1b, 3012 Leuven (Wilsele)

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2016
Equity above €100,000 equity €121,518 ▲989% Equity rises from €11,164 to €121,518.
Appointment: TIELEMANS, Steven (director)2 points ▸

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Company renamed to OpenTellyNew name: OpenTelly1 point ▸
  • Name change, OpenTelly

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1 director appointed, 1 manager resigningCapital from €18,600 to €19,375, 12,500 new shares · Capital from €19,375 to €61,500 · Changes of role: TIELEMANS, Maarten and SPEELMANS, Pieter-Jan · General meeting of 29-06-201611 points ▸

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Annual accounts 2015 filed PDFabbreviated format · 45 days before the deadline
2015
Liquidity more than triples current ratio 6.61 The current ratio rises from 1.65 to 6.61.
Registered office moved within LeuvenNew registered office: Kapeldreef 60, 3001 Leuven (Heverlee) · Previous registered office: Esperantolaan 4, 3001 Leuven (Heverlee) · Board meeting of 19-10-20155 points ▸
  • Board meeting, 19-10-2015
  • Registered-office move, Kapeldreef 60, 3001 Leuven (Heverlee)
  • Power of attorney, Nick Berckmans
  • Power of attorney, Edine Dirkx
  • Power of attorney, Ine Stevens

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Annual accounts 2014 filed PDFabbreviated format · 21 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 64 days before the deadline
2012
First establishment Philipssite 5, Leuven
IncorporationFounding capital of €18,600, 300 shares · Appointments: Steven TIELEMANS, Maarten TIELEMANS and Pieter-Jan SPEELMANS · Mandate compensation: Steven TIELEMANS · published on 14-08-20127 points ▸

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1
Registered in the Peppol Directory Reachable for e-invoices through 0208:0847829290

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

THEO Technologies was incorporated on 31 July 2012 by three natural persons, with a starting capital of €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 Turnover grew from €4.8m in 2022 to €7.7m in 2024 and headcount from 35.1 full-time equivalents in 2018 to 34.6 in 2024.10

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-08-2012
  3. 3Belgian Official Gazette, 19-11-2015
  4. 4Belgian Official Gazette, 19-12-2019
  5. 5Belgian Official Gazette, 11-08-2016
  6. 6Belgian Official Gazette, 12-04-2017
  7. 7Belgian Official Gazette, 26-07-2016
  8. 8Belgian Official Gazette, 22-07-2020
  9. 9Belgian Official Gazette, 15-09-2025
  10. 10National Bank, annual accounts 2018, 2022 and 2024

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