Financials
Financial year 2025
THULE from Menen, company number BE0416957963, closed financial year 2025 with a result of € 22.5 million after tax. For that financial year THULE recorded revenue of € 158.6 million and equity of € 50.2 million. Compared with financial year 2024, the result moved from € 22 million to € 22.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 50.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22.5 million
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 46.5 million
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 22 million paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
363.2
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.9 million
▲ 6% vs 2024
€ 57,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 73,646
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19.5 million
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 4.2 million
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 176,614,092 | € 156,401,397 | € 151,531,572 | € 158,630,514 | ▲ 5% |
| Profit after taxes | € 21,258,263 | € 20,195,805 | € 22,029,682 | € 22,534,990 | ▲ 2% |
| Equity | € 47,399,393 | € 47,595,198 | € 49,624,880 | € 50,159,870 | ▲ 1% |
| Total debts | € 45,456,287 | € 40,523,232 | € 44,089,863 | € 45,653,627 | ▲ 4% |
| Cash | € 28,874,219 | € 33,420,714 | € 43,328,387 | € 46,537,824 | ▲ 7% |
| Land & buildings | € 4,364,703 | € 4,810,556 | € 5,427,713 | € 5,709,641 | ▲ 5% |
| Retained profit | € 9,149,393 | € 9,345,198 | € 11,374,880 | € 11,909,870 | ▲ 5% |
| Dividend | € 20,000,000 | € 20,000,000 | € 20,000,000 | € 22,000,000 | ▲ 10% |
| Balance sheet total | € 93,715,261 | € 88,929,747 | € 94,509,937 | € 96,482,355 | ▲ 2% |
| Employees (FTE) | 343 | 371.2 | 365.2 | 363.2 | ▼ 2 |
Key figures of THULE, 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 THULE?
What happened at THULE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Toby Lawton stepped down as director. NBB
- Filip Van der Linden stepped down as director. NBB
- Claes Mattias Ankarberg stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 22.5 million (▲ 2% vs 2024). Source: NBB ↗
- Toby Lawton became a director. NBB
- Filip Van der Linden became a director. NBB
- Claes Mattias Ankarberg became a director. NBB
- New establishment in Mouscron. KBO
In short
From € 21.3 million profit in 2022 to € 22.5 million profit in 2025.
Paid € 28.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 22.5 million profit.
Paid out € 82 million in dividends to the owners in total.
Management
The shares are held by AB Thule holding (100%) and AB Thule Sweden (0%). It owns 100% of Thule Organization Solutions Asia Pacific Limited BU and 100% of Thule Organization Solutions NV itself.
Directors
According to the 2025 annual accounts
Toby Lawton
Director
since 2025 · until 2031
Filip Van der Linden
Managing director
since 2025 · until 2031
Claes Mattias Ankarberg
Director
since 2025 · until 2031
Shareholders
AB Thule holding
100%
AB Thule Sweden
0%
Participations
Thule Organization Solutions Asia Pacific Limited BU
100%
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 343
8930 Menen
Menenstraat 473
8560 Wevelgem
Active since 8 April 2019
Kortrijkstraat 248
8930 Menen
Active since 1 January 2021
Blauwe Ras van België straat 9
7700 Mouscron
Active since 1 November 2022
LAR blok M 40
8930 Menen
Active since 1 March 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0416.957.963
- VAT number
- BE 0416.957.963
- Registered office
- Kortrijkstraat 343, 8930 Menen
- Names & denominations
- THULE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 1977
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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