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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Thelan Invest from Aalst, company number BE0425366378, closed financial year 2025 with a result of € 49,591 after tax. For that financial year Thelan Invest recorded a gross margin of € 152,110 and equity of € 387,608. Compared with financial year 2024, the result moved from € 44,660 to € 49,591. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 387,608
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,591
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 57,339
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 325,608.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 487
€ 200 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.
Debts at end 2025
€ 644,715
▼ 5% vs 2024
€ 31,873 is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 8,311
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,947
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,035 | € 159,002 | € 148,377 | € 152,110 | ▲ 3% |
| Profit after taxes | € 40,756 | € 48,387 | € 44,660 | € 49,591 | ▲ 11% |
| Equity | € 244,970 | € 293,357 | € 338,017 | € 387,608 | ▲ 15% |
| Total debts | € 1,069,292 | € 1,099,631 | € 1,133,698 | € 1,258,973 | ▲ 11% |
| Cash | € 23,790 | € 13,371 | € 93,651 | € 57,339 | ▼ 39% |
| Land & buildings | € 232,096 | € 1,288,789 | € 1,302,609 | € 1,346,103 | ▲ 3% |
| Retained profit | € 182,970 | € 231,357 | € 276,017 | € 325,608 | ▲ 18% |
| Bank debt | € 973,756 | € 954,948 | € 675,525 | € 644,715 | ▼ 5% |
| Balance sheet total | € 1,314,262 | € 1,392,988 | € 1,471,715 | € 1,646,581 | ▲ 12% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of Thelan Invest, 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 Thelan Invest?
What happened at Thelan Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Norbert Van Hecke stepped down as director. NBB
- Thomas Van Hecke stepped down as director. NBB
- Elien Van Hecke stepped down as director. NBB
- Leentje Troch stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 49,591 (▲ 11% vs 2024). Source: NBB ↗
- Norbert Van Hecke became a director. NBB
- Thomas Van Hecke became a director. NBB
- Elien Van Hecke became a director. NBB
In short
From € 40,756 profit in 2022 to € 49,591 profit in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2025, with € 49,591 profit.
On average € 76,100 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Norbert Van Hecke
Director
since 2024 · until 2029
since 2024 · until 2029
since 2024 · until 2029
Leentje Troch
Director
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Hekkestraat 16A
9308 Aalst
Hekkestraat 16 A
9308 Aalst
Active since 13 January 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.366.378
- VAT number
- BE 0425.366.378
- Registered office
- Hekkestraat 16A, 9308 Aalst
- Names & denominations
- Thelan Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1983
- Peppol
- Active · Active since 14 Mar 2024
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof