Financials
Financial year 2025
THAANN ENGINEERING from Lokeren, company number BE0476345818, closed financial year 2025 with a result of € 123,956 after tax. For that financial year THAANN ENGINEERING recorded a gross margin of € 653,619 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 449,021 to € 123,956. The company is profitable. 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 27, 2026.
€ 1.9 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 123,956
▼ 72% vs 2024
Profit after tax over the fiscal year.
€ 435,960
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 44,545 paid out
36 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 139,511
▼ 13% vs 2024
€ 69,800 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.
€ 198,708
▼ 9% vs 2024
Of which on lease € 45,392.
Debts at end 2025
€ 1.4 million
▲ 25% vs 2024
€ 231,200 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 125,512
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,309
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,126,395 | € 436,073 | € 945,508 | € 653,619 | ▼ 31% |
| Profit after taxes | € 892,308 | € 54,612 | € 449,021 | € 123,956 | ▼ 72% |
| Equity | € 1,370,084 | € 1,398,553 | € 1,827,574 | € 1,906,985 | ▲ 4% |
| Total debts | € 1,517,823 | € 1,335,226 | € 1,261,085 | € 1,579,221 | ▲ 25% |
| Cash | € 268,383 | € 123,728 | € 545,515 | € 435,960 | ▼ 20% |
| Land & buildings | € 1,919,890 | € 1,918,487 | € 1,877,842 | € 2,199,298 | ▲ 17% |
| Retained profit | € 1,276,484 | € 1,304,953 | € 1,733,974 | € 1,813,385 | ▲ 5% |
| Dividend | € 1,143 | € 26,143 | € 20,000 | € 44,545 | ▲ 123% |
| Bank debt | € 1,223,020 | € 1,211,001 | € 1,132,722 | € 1,418,238 | ▲ 25% |
| Balance sheet total | € 2,887,908 | € 2,733,779 | € 3,088,659 | € 3,486,205 | ▲ 13% |
| Employees (FTE) | 3 | 2.1 | 2.4 | 2 | ▼ 0.4 |
Key figures of THAANN ENGINEERING, 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 THAANN ENGINEERING?
What happened at THAANN ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 123,956 (▼ 72% vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 892,308 profit in 2022 to € 123,956 profit in 2025.
Paid € 393,419 in corporate taxes since 2022.
Best year ever: 2022, with € 892,308 profit.
On average € 326,800 of value added per employee in 2025.
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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
Behind THAANN ENGINEERING is Nathan Verstraete. The shares are held by Nathan Verstraete.
Directors
According to the 2025 annual accounts
Shareholders
Nathan Verstraete · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brandstraat 2
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0476.345.818
- VAT number
- BE 0476.345.818
- Registered office
- Brandstraat 2, 9160 Lokeren
- Names & denominations
- THAANN ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2001
- Peppol
- Active · Active since 15 May 2024
- Contact
- thaann.be
- Activities · NACE
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