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THODES

Active Risk: not assessed Private limited companyfounded 2016active for 10 yearsBeundreef 16, 8020 OostkampKBO/BCE: BE 0650.586.423

Overview

Lifetime

9 annual accounts with figures on one time axis
peak €246,018 (2023)
€35,931▼ 41.8%
lowest -€154,155 (2018)
-€139,542▼ €142,441
peak €724,787 (2022)
€437,784▼ 24.2%
€231,365▼ 12.3%
Board3 names since 2016
Documentsfilings and deeds
20-05-202672 days before the deadline
2025micro format
Gross margin from €61,778 to €35,931Loss of €139,542Equity from €577,325 to €437,784Cash from €29,283 to €2,222

Key points

from the 2025 annual accounts

Result

-€139,542 -€139,542
€2,9002024-€140,0002025

From profit to loss in 2025, after a profit of €2,900 in 2024.

Investments

€24,338 2.0 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Position in the sector

-€139,542

Lower net result than 95% of companies in financial services. Sector median €32,853 · 9,773 companies.

Financial institution: outside the modelBankruptcy probability: sector outside the model

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal, which does not raise the risk
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
72 days early
2024
57 days early
2023
44 days early
2022
35 days early
2021
61 days early
2020
8 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DT
Director, since 18-03-2016
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0650586423
Capital increase of €150,000 to €550,000 Capital from €400,000 to €550,000 · Change of role: DESIMPEL Thomas Luc Louis Maurits, from statutory manager to statutory director · Appointment: DE WITTE Marie-Astrid (successor statutory director) · Gazette deed
Incorporation published on 22-03-2016 · Gazette deed
First establishment Beundreef 16, Oostkamp
All 20 events

Comparable companies

same main activity, similar in size and age
Company
THODES Oostkamp €669,149 €35,931 65.4% -
MATILO Oostrozebeke €723,043 €32,923 -40.3% -
B-Advice Kortrijk €573,934 €35,233 97.1% -
DUPO Ostend €600,000 €35,598 57.3% -
YOUNGER FIELDS Lievegem €684,294 €39,359 23.1% -
SVD PHARMA Beveren-Kruibeke-Zwijndrecht €682,392 €37,619 53.8% -
MAPA IMMO Affligem €670,045 €39,599 26.9% -

These companies have the same main activity as THODES: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €574,000 and €723,000, founded between 2014 and 2016.

Official details

Source: KBO
Status
Active since 18-03-2016Normal situation
Activity
Activities of holding companiesNACE 64210
Establishment unit
2.251.305.0688020 Oostkamp, since 18-03-2016
Financial year end
31 December
Peppol
Reachable since 19-11-2025
Company details

Annual accounts 2025

€139,542
€437,784▼ 24.2%
€669,149▼ 20.4%
Filing
Filed on 20-05-2026, 72 days before the end of the filing period
Financials

Insights on THODES

THODES files the micro format. That format states no turnover. The gross margin fell from €65,690 in 2017 to €35,931 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 20-05-2026, 72 days before the deadline
€437,784
▼ 24.2%
€669,149
▼ 20.4%
-€139,542
▼ €142,441
65.4%
▼ 3.2 percentage points
-31.9%
▼ 32.4 percentage points
-20.9%
▼ 21.2 percentage points

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

Balance sheet

balance sheet total €669,149 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

65.4%

Higher than 62% of 9,771 companies in 2025.

-20.9%

Lower than 95% of 9,625 companies in 2025.

THODES Middle half of the sector 80% of the sector Micro accounts in financial services (NACE 64)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 669,149840,993888,5291.0m830,678542,585480,453335,052297,386
21/28 605,555705,383728,049734,322494,343441,075348,007248,644271,428
22/27 21,54431,22834,89039,7971,3264,80512,51122,82134,031
24 21,5449,1824,9621,9881,3264,80512,51122,82134,031
25 -22,04629,92837,809-----
28 584,011674,154693,159694,525493,018436,270335,496225,824237,397
29/58 63,594135,611160,480288,487336,335101,510132,44686,40725,958
29 -20,00020,000------
291 -20,00020,000------
40/41 54,22485,18539,68231,14732,0955,5008,486--
40 72629,75016,94015,19710,285-77--
41 53,49855,43522,74215,95021,8105,5008,409--
54/58 2,22229,28399,811255,937303,85296,010123,96186,40725,958
490/1 7,1481,1429871,403388----
Balance sheet: equity and liabilities
10/49 669,149840,993888,5291.0m830,678542,585480,453335,052297,386
10/15 437,784577,325574,426724,787706,543421,765429,735273,97278,127
10/11 375,000375,000375,000550,000550,000550,000550,000400,00050,000
100 ------550,000400,00050,000
13 202,325202,325199,426174,787156,54323,12728,12728,12728,127
130 ------5,0005,0005,000
133 202,325202,325199,426174,787156,54323,12723,12723,12723,127
14 -139,542-----151,362-148,392-154,155-
17/49 231,365263,668314,103298,022124,135120,82050,71961,079219,259
17 --6,55515,013---1,5927,918
170/4 --6,55515,013---1,5927,918
42/48 216,661245,135298,230276,312120,158117,68650,71959,488211,341
42 -6,5558,4588,148--1,5926,3276,265
44 4,97018,0641,6754,3923,8082,107-15,576-
440/4 4,97018,0641,6754,3923,8082,107-15,576-
45 8,1778,66937,77212,1414,9605,0073,0154,12719,215
450/3 8,1778,66937,77212,1414,9605,0075154,12719,215
454/9 ------2,500--
47/48 203,514211,847250,325251,631111,390110,57246,11133,457185,861
492/3 14,70418,5339,3186,6963,9773,134---
Income statement
76A ---8,597-----
9900 35,93161,778246,01846,62932,3398,46217,727-11,39965,690
630 11,97611,0219,0002,6543,48010,63810,31011,21019,617
640/8 1,9572,2541,7264,8752,1821,6788907221,279
9901 21,99848,504235,29139,10126,677-3,8546,527-23,33144,794
75/76B 19756305549411,90290--
75 19756305549411,90290--
65/66B 157,45636,553150,3337,6494,7833,624204130,698740
65 157,45636,553150,3337,6494,7833,624204699740
66B -------129,999-
9903 -135,43912,70685,26332,001433,796-7,4696,324-154,02944,054
67/77 4,1039,80760,62413,756125,89150056112615,927
9904 -139,5422,90024,63818,244307,905-7,9695,763-154,15528,127
9905 -139,5422,90024,63818,244307,905-7,9695,763-154,15528,127
Appropriation of the result
9906 -139,5422,90024,63818,244156,543-156,362-148,392-154,15528,127
14P -----151,362----
791/2 ----23,1275,000---
691/2 -2,90024,63818,244156,543---28,127
6920 --------5,000
6921 -2,90024,63818,244156,543---23,127
694/7 ----23,127----
694 ----23,127----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 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 20-05-2026.

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
31-12-2025 micro format 20-05-2026 2026-00115326 PDF
31-12-2024 micro format 04-06-2025 2025-00117735 PDF
31-12-2023 abbreviated format 17-06-2024 2024-00133279 PDF
31-12-2022 abbreviated format 26-06-2023 2023-00156207 PDF
31-12-2021 abbreviated format 31-05-2022 2022-20037646 PDF
31-12-2020 abbreviated format 23-07-2021 2021-38900355 PDF
31-12-2019 micro format 30-07-2020 2020-37700144 PDF
31-12-2018 micro format 28-08-2019 2019-52000266 PDF
31-12-2017 micro format 26-07-2018 2018-37600048 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
24,3387,359135,401258,017189,849103,706109,672118,425291,045
-27,061-70,528-156,126-47,915207,842-27,95137,55360,449-
65.4%68.6%64.6%70.9%85.1%77.7%89.4%81.8%26.3%
-31.9%0.5%4.3%2.5%43.6%-1.9%1.3%-56.3%36.0%
-20.9%0.3%2.8%1.8%37.1%-1.5%1.2%-46.0%9.5%

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
Item20252024202320222021
Tangible fixed assets€24,338€7,359€4,094€41,125-
Financial fixed assets--€131,307€216,892€189,849
€11,976€11,021€9,000€2,654€3,480

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

Insights on THODES

The operating result for 2025 is 55% lower than in 2024 and the lowest since 2020. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 31.4% to 34.6%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2019
Statutory director
since 18-03-2016 term without a fixed end
earlier statutory manager, until 19-12-2019
listed in the 2025 annual accounts, filed on 20-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 23 - Vertegenwoordigingsbevoegdheid ledere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap…”
deed of 19-12-2019

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
DE WITTE Marie-Astrid
Successor statutory director
Marie-Astrid Elisabeth Albert De Witte
Successor statutory director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • DESIMPEL Thomas Luc Louis Maurits
    • Statutory director, from 18-03-2016 to date
    • Statutory manager, until 19-12-2019
  • DE WITTE Marie-Astrid
    • Successor statutory director, appointed by deed of 19-12-2019, no longer listed in the 2025 annual accounts
  • Marie-Astrid Elisabeth Albert De Witte
    • Successor statutory director, appointed by deed of 19-12-2019, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Capital

Contribution
€375,000
Source
2025 annual accounts

Articles of association

deed of 19-12-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Ontslag statutair bestuurder, eenparigheid van stemmen”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 14:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Tenzij akte van benoeming of rechterlijke uitspraak anders bepalen, vereffenaar bevoegd voor alle handelingen nodig of dienstig voor…”

Network & group

No group

THODES has no parent and no holdings in its annual accounts. DESIMPEL Thomas Luc Louis Maurits is the only director.

The LEI register names no parent.

At the same address

Beundreef 16, 8020 Oostkamp · 1 other company
STAK JMW Participaties
registered office since 11-09-2023
founded in 2023
0805.694.371

Board mandates elsewhere

2 board mandates
Board mandates of THODESTHODES sits on their board2
Director, Managing director
Founded in 1990 · total assets €107.0m (2025)
Manager
Founded in 2022 · total assets €571,693 (2025)

Connections & network

2 connected companies
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
JMW Participaties
via DESIMPEL Thomas Luc Louis Maurits and Marie-Astrid Elisabeth Albert De Witte (at THODES, last mentioned in 2019) · deed of 21-09-2023
Founded in 2019 · total assets €29.5m (2025)
→
STAK JMW Participaties
via DESIMPEL Thomas Luc Louis Maurits and Marie-Astrid Elisabeth Albert De Witte (at THODES, last mentioned in 2019) · deeds of 06-11-2024 and 13-09-2023
Founded in 2023
→

Timeline

Timeline

20 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 72 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0650586423
Annual accounts 2024 filed PDFmicro format · 57 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 44 days before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 35 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 61 days before the deadline
2021
Back to profit net €307,905 The net result is €307,905, after one loss-making year.
Liquidity more than triples current ratio 2.80 The current ratio rises from 0.86 to 2.80.
Equity above €500,000 equity €706,543 ▲67.5% Equity rises from €421,765 to €706,543.
Annual accounts 2020 filed PDFabbreviated format · 8 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 1 day before the deadline
2019
Back to profit net €5,763 The net result is €5,763, after one loss-making year.
Capital increase of €150,000 to €550,000Capital from €400,000 to €550,000 · Change of role: DESIMPEL Thomas Luc Louis Maurits, from statutory manager to statutory director · Appointment: DE WITTE Marie-Astrid (successor statutory director)11 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 28 days late
2018
Weakest financial year net -€154,155 The net result drops to -€154,155, the lowest from 2017 to 2025. It recovers the following year.
Liquidity more than 11 times current ratio 1.45 The current ratio rises from 0.12 to 1.45. Short-term debt falls from €211,341 to €59,488.
Equity above €200,000 equity €273,972 ▲251% Equity rises from €78,127 to €273,972.
Annual accounts 2017 filed PDFmicro format · 5 days before the deadline
2016
Incorporation PDFpublished on 22-03-2016
First establishment Beundreef 16, Oostkamp

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

THODES was incorporated on 18 March 2016.1 Total assets rose from €335,052 in 2018 to €669,149 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0650.586.423
VAT number
BE 0650.586.423
Peppol ID
0208:0650586423
Other Peppol ID
9925:BE0650586423
LEI code
984500874A49N0402B29 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
18-03-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 14:00
deed of 19-12-2019 (in Dutch)
Peppol
Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
THODES in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-12-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 19-12-2019 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
64200 Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het adviseren van import en export, marktprospectie en marktonderzoek; Het schrijven en uitgeven van boeken en artikels van di-verse aard…”
16 activities
  1. Het adviseren van import en export, marktprospectie en marktonderzoek.
  2. Het schrijven en uitgeven van boeken en artikels van di-verse aard.
  3. Managementactiviteiten van holdings.
  4. Het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten.
  5. Het waamemen van bestuursopdrachten, het uitoefenen van mandaten en functies.
  6. De vennootschap mag bij wijze van inbreng, opslorping, fusie, inschrijving of op enig andere wijze belangen nemen in andere ondernemingen, verenigingen of vennootschappen, zelfs indien het voorwerp ervan niet gelijkaardig is of geen verband van bijhorigheid of samenhang vertoont met het hare.
  7. Voor eigen rekening, voor rekening van derden, of in deelneming met derden; Bijdragen tot de vestiging en de ontwikkelinng van ondernemingen en inzonderheid: het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investering;
  8. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheek-maatschappijen en kapitalisatieondernemingen;
  9. Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geld-plaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, technische ontwikkeling, productie en algemeen bestuur en alle managementactiviteiten in de algemene zin;
  10. Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies;
  11. Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, know-how en aanverwante immateriële duurzame activa;
  12. Het verlenen van administratieve prestaties en computerservices;
  13. Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe machines, nieuwe vormen van technologie en hun toepassingen;
  14. III. Beheer van een eigen roerend en onroerend vermogen; A/ Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen;
  15. B/ Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
  16. IV. De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
deed of 19-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Beundreef 16 registered office 8020 Oostkamp 7010001 Activities of head offices 18-03-2016 2.251.305.068

Buildings and parcels at the address

Ground area
4,366 m²
Buildings
360 m²
Volume, LiDAR
1,864 m³
Tallest building
8.6 m
Buildings to scale, each on its own parcel
360 m², 8.6 m 360 m², 8.6 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
31037B0097/00M0004,366 m² 1 · 360 m² 8.6 m · 2