Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Themelio from Overijse, company number BE0405667163, closed financial year 2025 with a result of € -126,567 after tax. For that financial year Themelio recorded a gross margin of € 287,274 and equity of € 3.8 million. Compared with financial year 2024, the result moved from € 904,619 to € -126,567. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 3.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -126,567
▼ still € 904,619 profit in 2024
Profit after tax over the fiscal year.
€ 37,695
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.7 million.
Debts at end 2025
€ 6.2 million
▲ 6% vs 2024
€ 740,416 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 87,903
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,186
▲ 110% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -89,444 | € 298,651 | € 333,207 | € 287,274 | ▼ 14% |
| Profit after taxes | € 11,394 | € 2,086,890 | € 904,619 | € -126,567 | ▼ € 1 million |
| Equity | € 972,064 | € 3,058,954 | € 3,963,573 | € 3,837,006 | ▼ 3% |
| Total debts | € 9,319,715 | € 8,050,319 | € 6,446,194 | € 7,709,473 | ▲ 20% |
| Cash | € 49,058 | € 137,271 | € 79,474 | € 37,695 | ▼ 53% |
| Land & buildings | € 125,741 | € 125,741 | € 125,741 | € 1,448,201 | ▲ € 1.3 million |
| Retained profit | € 872,064 | € 2,958,954 | € 3,863,573 | € 3,737,006 | ▼ 3% |
| Dividend | € 300,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 9,248,736 | € 7,136,041 | € 5,798,416 | € 6,167,493 | ▲ 6% |
| Balance sheet total | € 10,291,779 | € 11,109,274 | € 10,409,768 | € 11,546,480 | ▲ 11% |
Key figures of Themelio, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Themelio?
What happened at Themelio in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 126,567 (▼ € 1 million vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Overijse. KBO
In short
From € 11,394 profit in 2022 to € 126,567 loss in 2025.
Paid € 5,897 in corporate taxes since 2022.
Best year ever: 2023, with € 2.1 million profit.
Paid out € 300,000 in dividends to the owners in total.
Management
The stake of CHOUCROUTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ThemelioBehind Themelio are GCIC and CHOUCROUTE BV. The shares are held by CHOUCROUTE (100%). It owns 85.3% of Composite Damping material itself.
Directors
According to the 2025 annual accounts
Director · represented by Guillaume Carels
Director · represented by Laurence Carels
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Reutenbeek 11
3090 Overijse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.667.163
- VAT number
- BE 0405.667.163
- Registered office
- Reutenbeek 11, 3090 Overijse
- Names & denominations
- Themelio
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 15 Aug 2025
- Activities · NACE
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