THEOREMA (0824.097.647): financials and annual accounts

THEOREMA

Antwerp ·KBO/BCE: BE 0824.097.647

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
`20/58`	1.5m	1.5m	1.4m	1.3m	784,782	659,373	557,732	537,818	472,996	366,765	148,560	126,467	71,066	75,974	23,473
`20`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`21/28`	249,176	227,624	226,480	185,910	193,996	153,120	71,585	37,171	4,397	1,462	3,025	2,516	4,002	3,650	6,041
`21`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`22/27`	249,028	227,476	226,332	185,762	193,848	152,972	71,437	37,023	4,249	1,462	3,025	2,516	4,002	3,650	6,041
`22`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`23`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`24`	237,116	217,929	223,409	182,109	189,464	147,857	65,591	30,447	4,249	1,462	3,025	2,516	4,002	3,650	6,041
`26`	11,912	9,547	2,923	3,654	4,384	5,115	5,846	6,576	-	-	-	-	-	-	-
`27`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`28`	148	148	148	148	148	148	148	148	148	-	-	-	-	-	-
`29/58`	1.3m	1.2m	1.2m	1.1m	590,786	506,253	486,147	500,647	468,599	365,303	145,536	123,952	67,063	72,324	17,432
`29`	100,000	100,000	103,864	100,364	-	-	-	0	-	-	-	-	-	-	-
`290`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`291`	100,000	100,000	103,864	100,364	-	-	-	0	-	-	-	-	-	-	-
`3`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`30/36`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`37`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`40/41`	100,189	65,073	289,308	430,136	138,425	16,448	27,708	14,770	83,125	215,282	43,567	40,713	23,485	26,060	3,013
`40`	91,365	41,145	282,307	428,477	77,642	0	17,421	6,242	73,495	215,282	36,300	37,913	3,000	12,060	-
`41`	8,823	23,928	7,001	1,659	60,783	16,448	10,287	8,528	9,631	-	7,267	2,800	20,485	14,000	3,013
`50/53`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`54/58`	1.1m	1.1m	817,604	535,368	449,872	487,977	457,243	484,382	383,968	150,021	101,969	83,239	43,578	46,264	14,419
`490/1`	4,466	787	2,659	2,796	2,489	1,827	1,196	1,494	1,506	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	1.5m	1.5m	1.4m	1.3m	784,782	659,373	557,732	537,818	472,996	366,765	148,560	126,467	71,066	75,974	23,473
`10/15`	1.5m	1.4m	1.4m	1.1m	727,893	623,739	534,826	488,587	382,502	169,349	136,557	115,949	41,334	41,356	20,891
`10/11`	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	12,350	12,350	12,350	12,350	12,350	12,350	12,350	12,350	12,350
`11`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`12`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`13`	1.5m	1.4m	1.4m	1.1m	721,643	617,489	528,576	482,337	376,252	163,099	130,307	109,699	35,084	1,860	1,860
`130/1`	-	-	-	0	1,860	1,860	-	0	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	-	0	1,860	1,860	-	-	-	-	-	-	-	-	-
`1312`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`133`	1.5m	1.4m	1.4m	1.1m	719,783	615,629	526,716	480,477	374,392	161,239	128,447	107,839	33,224	-	-
`14`	0	0	0	0	0	-	-	0	-	-	-	-	-	33,246	12,781
`15`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`19`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`16`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`160/5`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`160`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`161`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`162`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`168`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`17/49`	28,127	23,523	42,982	111,979	56,889	35,633	22,905	49,231	90,494	197,416	12,003	10,518	29,732	34,618	2,581
`17`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`170/4`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`175`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`176`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`178/9`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`42/48`	28,127	23,523	42,947	111,979	56,889	35,633	22,905	49,231	90,494	197,416	12,003	10,518	29,732	34,586	2,581
`42`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`43`	1,434	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`430/8`	1,434	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`439`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`44`	1,264	1,761	3,351	2,402	33,529	4,579	2,003	286	1,931	599	132	925	650	-	55
`440/4`	1,264	1,761	3,351	2,402	33,529	4,579	2,003	286	1,931	599	132	925	650	-	55
`441`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`46`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`45`	17,080	21,763	39,596	109,577	23,072	3,516	14,888	43,180	33,878	92,075	11,788	9,353	9,082	14,586	2,173
`450/3`	9,894	11,346	32,613	103,290	20,072	516	14,888	38,780	31,678	87,675	5,188	7,544	7,500	13,036	2,173
`454/9`	7,186	10,416	6,983	6,287	3,000	3,000	0	4,400	2,200	4,400	6,600	1,809	1,582	1,550	-
`47/48`	8,349	-	-	0	287	27,539	6,014	5,765	54,686	104,742	84	241	20,000	20,000	354
`492/3`	-	0	35	-	-	-	-	0	-	-	-	-	-	32	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	126,583	159,176
`9900`	269,695	295,937	402,967	777,041	311,835	239,028	169,873	360,309	347,764	273,032	126,793	118,413	44,954	75,662	93,100
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	55,502	67,668
`62`	27,681	26,460	28,095	23,539	22,219	12,074	-	0	-	-	-	-	-	-	-
`630`	11,381	10,441	10,853	10,320	4,618	2,888	3,171	2,365	1,895	1,563	1,792	1,487	763	2,897	3,430
`631/4`	-	-	-	-	-	-	-	0	-	-	-	3,000	-	-	-
`635/8`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`640/8`	1,611	3,121	2,404	2,397	1,373	709	1,132	769	838	852	1,348	921	852	379	583
`649`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`66A`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`9901`	229,023	255,915	361,615	740,785	283,626	223,357	165,570	357,176	345,031	270,617	123,654	113,006	43,339	72,387	89,087
`75/76B`	3,930	15,373	6,423	17,859	22,991	3	7,443	19,040	782	1	0	0	-	-	95
`75`	3,930	15,373	6,423	17,859	22,991	3	7,443	19,040	782	1	0	0	-	-	95
`76B`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`65/66B`	1,428	264	474	677	248	25,892	398	541	21,182	184	860	206	180	148	12
`65`	1,428	264	474	677	248	25,892	398	541	21,182	184	860	206	180	148	12
`66B`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`9903`	231,524	271,023	367,563	757,967	306,369	197,468	172,615	375,675	324,630	270,434	122,793	112,800	43,159	72,238	89,169
`67/77`	71,232	82,281	113,224	237,443	95,072	58,554	54,947	114,590	111,478	94,785	42,185	38,185	16,515	25,107	26,998
`9904`	160,293	188,742	254,339	520,523	211,296	138,913	117,668	261,085	213,153	175,649	80,609	74,615	26,644	47,131	62,171
`789`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`9905`	160,293	188,742	254,339	520,523	211,296	138,913	117,668	261,085	213,153	175,649	80,609	74,615	26,644	47,131	62,171
Appropriation of the result
`9906`	160,293	188,742	254,339	520,523	211,296	138,913	117,668	261,085	213,153	175,649	80,609	74,615	59,890	59,913	62,171
`791/2`	117,668	146,085	0	105,820	107,143	50,000	71,429	0	-	-	-	-	-	-	-
`691/2`	160,293	188,742	254,339	520,523	211,296	138,913	117,668	106,085	213,153	32,792	20,609	74,615	33,224	-	1,860
`691`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	1,860
`6921`	160,293	188,742	254,339	520,523	211,296	138,913	117,668	106,085	213,153	32,792	20,609	74,615	33,224	-	-
`694/7`	117,668	146,085	0	105,820	107,143	50,000	71,429	155,000	-	142,857	60,000	-	26,667	26,667	47,529
`694`	117,668	146,085	0	105,820	107,143	50,000	71,429	155,000	-	142,857	60,000	-	26,667	26,667	47,529
`695`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
`696`	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Social balance sheet
`9087`	1	1	0	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	932	932	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	13-06-2026	2026-00158863	PDF
31-12-2024	micro format	09-07-2025	2025-00248040	PDF
31-12-2023	abbreviated format	10-06-2024	2024-00120256	PDF
31-12-2022	abbreviated format	31-05-2023	2023-00100046	PDF
31-12-2021	abbreviated format	07-06-2022	2022-20053398	PDF
31-12-2020	abbreviated format	01-06-2021	2021-16300517	PDF
31-12-2019	abbreviated format	12-06-2020	2020-16400544	PDF
31-12-2018	abbreviated format	21-06-2019	2019-21200577	PDF
31-12-2017	abbreviated format	29-06-2018	2018-29900458	PDF
31-12-2016	abbreviated format	20-03-2017	2017-06800227	PDF
31-12-2015	abbreviated format	14-06-2016	2016-17600313	PDF
31-12-2014	abbreviated format	14-08-2015	2015-42500405	PDF
31-12-2013	abbreviated format	30-06-2014	2014-25100477	PDF
31-12-2012	abbreviated format	22-08-2013	2013-45200150	PDF
31-12-2011	abbreviated format	29-08-2012	2012-48900004	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
240,403	266,356	372,468	751,105	288,243	226,245	168,741	359,541	346,926	272,180	125,445	114,492	44,102	75,283	92,517
171,673	199,184	265,192	530,843	215,914	141,801	120,839	263,449	215,048	177,212	82,400	76,102	27,407	50,028	65,601
32,933	11,585	51,423	2,234	45,494	84,423	37,585	35,139	4,830	0	2,301	0	1,115	505	9,471
-13,119	252,026	282,237	85,495	-38,105	30,734	-27,139	100,414	233,947	48,052	18,730	39,660	-2,686	31,846	-
1.2m	1.2m	1.2m	956,685	533,897	470,620	463,242	451,415	378,105	167,888	133,533	113,433	37,331	37,739	14,851
-	-	-	-	-	-	-	-	-	-	-	-	-	57.2%	56.0%
98.1%	98.4%	97.0%	91.1%	92.8%	94.6%	95.9%	90.8%	80.9%	46.2%	91.9%	91.7%	58.2%	54.4%	89.0%
44.84	52.52	28.25	9.54	10.38	14.21	21.22	10.17	5.18	1.85	12.12	11.78	2.26	2.09	6.75
0.02	0.02	0.03	0.10	0.08	0.06	0.04	0.10	0.24	1.17	0.09	0.09	0.72	0.84	0.12
10.8%	13.1%	18.2%	45.6%	29.0%	22.3%	22.0%	53.4%	55.7%	103.7%	59.0%	64.4%	64.5%	114.0%	297.6%
10.6%	12.9%	17.7%	41.5%	26.9%	21.1%	21.1%	48.5%	45.1%	47.9%	54.3%	59.0%	37.5%	62.0%	264.9%
over 100	over 100	over 100	over 100	over 100	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	35 days	7 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days

Item	31-12-2025	31-12-2024
Employees at the balance-sheet date	1	1
full-time	0	0
part-time	1	1
in full-time equivalents	0.5	0.5
	0.5	0.5
On a permanent contract	1	1

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€32,933	€11,585	€51,423	€2,234	€45,494
Financial fixed assets	€0	-	-	-	-
	€11,381	€10,441	€10,853	€10,320	€4,618

THEOREMA

Annual accounts 2025

Money flows

Balance sheet

in €m

in €m

Position in the sector

98.1%

44.84

10.6%

Staff

€27,681

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on THEOREMA

Next steps

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency98.1%

Current ratio44.84

Return on assets10.6%

Staff

Staff cost per FTE€27,681

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on THEOREMA

Next steps

in €m

in €m

98.1%

44.84

10.6%

€27,681