Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
THEORIA from Kortrijk, company number BE0439708819, closed financial year 2025 with a result of € -160,638 after tax. For that financial year THEORIA recorded a gross margin of € 30,276 and equity of € 111,041. Compared with financial year 2024, the result moved from € -111,040 to € -160,638. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 111,041
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -160,638
▼ 45 % more loss than in 2024
Profit after tax over the fiscal year.
€ 332,367
▲ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 49,041.
People and assets in 2025
2
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 98,486
▼ 7% vs 2024
€ 49,200 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.
€ 48,624
▲ € 46,248 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 607,330
▲ 38% vs 2024
€ 33,524 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 156,750
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,989
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 96,086 | € 105,957 | € 57,025 | € 30,276 | ▼ 47% |
| Profit after taxes | € 14,334 | € 8,567 | € -111,040 | € -160,638 | ▼ € 49,598 |
| Equity | € 374,152 | € 382,719 | € 271,679 | € 111,041 | ▼ 59% |
| Total debts | € 652,889 | € 605,700 | € 717,988 | € 834,509 | ▲ 16% |
| Cash | € 105,608 | € 134,063 | € 315,825 | € 332,367 | ▲ 5% |
| Retained profit | € 312,152 | € 320,719 | € 209,679 | € 49,041 | ▼ 77% |
| Bank debt | € 469,886 | € 396,138 | € 439,123 | € 607,330 | ▲ 38% |
| Balance sheet total | € 1,027,041 | € 988,419 | € 989,667 | € 945,551 | ▼ 4% |
| Employees (FTE) | 0.8 | 1.1 | 2.3 | 2 | ▼ 0.3 |
Key figures of THEORIA, 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 THEORIA?
What happened at THEORIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valérie Van Hove stepped down as director. NBB
- Amusing ourselves BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 160,638. Source: NBB ↗
- Valérie Van Hove became a director. NBB
- Amusing ourselves BV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,334 profit in 2022 to € 160,638 loss in 2025.
Paid € 26,726 in corporate taxes since 2022.
Best year ever: 2022, with € 14,334 profit.
On average € 15,100 of value added per employee in 2025.
A new publication or filing at THEORIA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of 1001 Boeken comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THEORIAThe shares are held by Amusing ourselves (100%) and 1001 Boeken (50%).
Directors
According to the 2025 annual accounts
Valérie Van Hove
Director
Also active at: HOEKSTEEN, PELCKMANS UITGEVERS, ARCHIBOO, PARDOES, Valérie Van Hove Architectenbureau
since 2026 · until 2032
Director · represented by Thom Pelckmans
Also active at: PELCKMANS UITGEVERS, MEDIO, YoYo Books Belgium, All About Books, Casinoplein 10, FIBRE MOOD, SIOUX, NOTTEBOHMHOEVE +6 more
since 2024 · until 2030
Shareholders
100%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Casinoplein(Kor) 10
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Union Patronale de l'Industrie Textile du Courtraisis
Union Belge des Tisseurs de Velours Uni Belgische Unie der Effen Fluweelwevers
KOMMA IN DE LUCHT
€ 5,021 gross margin · 2025
Casinoplein 10 same network
€ 9,586 gross margin · 2025
CASINOPLEIN
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.708.819
- VAT number
- BE 0439.708.819
- Registered office
- Casinoplein(Kor) 10, 8500 Kortrijk
- Names & denominations
- THEORIA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1989
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in kranten en andere tijdschriften
Detailhandel in boeken, kranten, tijdschriften en kantoorbehoeften
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in papierwaren, kantoor- en schoolbehoeften
Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels
Organisatie van congressen en beurzen
Organisatie van salons, tentoonstellingen en beurzen