Financials
Financial year 2025
THALY from Brussel, company number BE0467285127, closed financial year 2025 with a result of € 63.2 million after tax. For that financial year THALY recorded a gross margin of € -941,865 and equity of € 104.8 million. Compared with financial year 2024, the result moved from € 2.1 million to € 63.2 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.
€ 104.8 million
▲ 152% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63.2 million
▲ € 61.1 million vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▼ 56% 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 € 104.6 million.
People and assets in 2025
€ 4.4 million
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,282
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 118,516
▼ 41% 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 | € 36,164 | € 226,315 | € 502,218 | € -941,865 | ▼ € 1.4 million |
| Profit after taxes | € 21,939 | € 862,984 | € 2,124,958 | € 63,240,173 | ▲ € 61.1 million |
| Equity | € 38,553,623 | € 39,416,606 | € 41,541,564 | € 104,781,737 | ▲ 152% |
| Total debts | € 4,122,706 | € 7,719,397 | € 8,282,706 | € 127,540 | ▼ 98% |
| Cash | € 167,408 | € 918,759 | € 2,644,704 | € 1,173,076 | ▼ 56% |
| Land & buildings | € 4,343,167 | € 4,537,915 | € 4,601,090 | € 4,676,298 | ▲ 2% |
| Retained profit | € 38,377,623 | € 39,240,606 | € 41,365,564 | € 104,605,737 | ▲ 153% |
| Bank debt | € 4,093,270 | € 7,393,330 | € 7,800,000 | € 0 | ▼ 100% |
| Balance sheet total | € 42,676,329 | € 47,136,003 | € 49,824,270 | € 104,909,277 | ▲ 111% |
Key figures of THALY, 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 THALY?
What happened at THALY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sonia Le Querrec stepped down as director. NBB
- Olivier Peters stepped down as director. NBB
- Manuela Geraldes stepped down as director. NBB
- Frédéric Bouté stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 63.2 million (▲ € 61.1 million vs 2024). Source: NBB ↗
- Sonia Le Querrec became a director. NBB
- Olivier Peters became a director. NBB
- Manuela Geraldes became a director. NBB
In short
From € 21,939 profit in 2022 to € 63.2 million profit in 2025.
Paid € 804,044 in corporate taxes since 2022.
Best year ever: 2025, with € 63.2 million profit.
Management
It owns 100% of Allons Voir, 64.3% of F-Iniciativas I Mas D Mas I, S.L., 49% of Hexalog SA, 22.4% of Laserleap Technolgies, 15.2% of Canonniers Logements and 15% of MAP itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Olivier Peters
Director
Also active at: In Summo Montis, Canonniers Logements, ISM rue Basse TERRAIN, ISM rue Basse Projet, ISM Procession TERRAIN, ISM Procession Projet, ISM MONS APPARTEMENTS, ISM Canonniers Bureaux Projet +7 more
since 2024 · until 2030
Manuela Geraldes
Director
since 2024 · until 2030
Frédéric Bouté
Managing director
Also active at: F.INITIATIVES, ALLONS VOIR, Canonniers Logements, Canonniers Logements Management
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Harenheidestraat 57
1130 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →AURORA CONSULTING
€ 278,114 gross margin · 2025
F.INITIATIVES same network
€ 1 million gross margin · 2025
ALLONS VOIR same network
€ -329,052 gross margin · 2025
VANJE
€ -600 gross margin · 2025
PROMEDITECH
€ -1,600 gross margin · 2025
+3 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
- 0467.285.127
- VAT number
- BE 0467.285.127
- Registered office
- Harenheidestraat 57, 1130 Brussel
- Names & denominations
- THALY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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