THERSA is an electrical contractor in Mouscron. Public Limited, started on 26 February 2003, 1 establishment.

What is the address of THERSA?

The registered office of THERSA is located at Gustave Fachedreef(L) 5, 7700 Mouscron.

Is THERSA still active?

Yes. According to the CBE (31 October 2026) THERSA is active, legal situation “Normale toestand”, started on 26 February 2003.

Is THERSA registered on Peppol?

Yes, THERSA is registered on the Peppol network with ID 0208:0479604226.

What is the enterprise number of THERSA?

The enterprise number of THERSA is BE0479604226.

When was THERSA founded?

THERSA was founded on 26 February 2003.

Who are the directors of THERSA?

According to the 2025 annual accounts, the directors of THERSA are: COA SRL, BLM HOLDING SA, G2 GESTION GLOBALE SRL, BAUDRU MANAGEMENT SOLUTIONS SRL, D² CONSULT SRL.

Is THERSA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 February 2003; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did THERSA make in 2025?

THERSA posted a profit after taxes of € 2,570,037 in financial year 2025.

What is the revenue of THERSA?

In its most recent annual accounts (2025), THERSA reported revenue of € 40,009,363.

How much does an employee at THERSA earn?

The average wage cost per full-time employee at THERSA was € 65,200 in 2025: staff costs of € 8.6 million for 132 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does THERSA have?

According to the 2025 annual accounts, THERSA has 132 full-time equivalents (FTE).

THERSA (Public Limited) - Mouscron - BE0479604226

Dossier THERSA, printed on 31 October 2026 from databakkes.be/en/0479604226/thersa. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

18 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

THERSA from Mouscron, company number BE0479604226, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year THERSA recorded revenue of € 40 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 392,832 to € 2.6 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 July 3, 2026.

What it is worth Growing

€ 6.3 million

▲ 30% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 2.6 million

▲ € 2.2 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 845,174

▼ 34% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.1 million paid out

43 % of the profit went to the shareholders, mostly to BLM HOLDING (65 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

132

▲ 12.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8.6 million

▲ 7% vs 2024

€ 65,200 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.

Vehicles and equipment

€ 1.8 million

▲ 6% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 774,843

▼ 62% vs 2024

€ 474,397 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 4.3 million

▼ 1% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.

Taxes and wages

€ 1.1 million

▲ 69% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 27,517,237 Revenue 2022: € 27,517,237 First fiscal year in the series	€ 29,415,804 Revenue 2023: € 29,415,804 ▲ 7% vs 2022 (€ 27,517,237) Favourable step	€ 30,254,167 Revenue 2024: € 30,254,167 ▲ 3% vs 2023 (€ 29,415,804) Favourable step	€ 40,009,363 Revenue 2025: € 40,009,363 ▲ 32% vs 2024 (€ 30,254,167) Favourable step	▲ 32%
Profit after taxes	€ 1,986,570 Profit after taxes 2022: € 1,986,570 First fiscal year in the series	€ 1,226,429 Profit after taxes 2023: € 1,226,429 ▼ 38% vs 2022 (€ 1,986,570) Unfavourable step	€ 392,832 Profit after taxes 2024: € 392,832 ▼ 68% vs 2023 (€ 1,226,429) Unfavourable step	€ 2,570,037 Profit after taxes 2025: € 2,570,037 ▲ € 2.2 million vs 2024 (€ 392,832) Favourable step	▲ € 2.2 million
Equity	€ 3,703,285 Equity 2022: € 3,703,285 First fiscal year in the series	€ 4,928,335 Equity 2023: € 4,928,335 ▲ 33% vs 2022 (€ 3,703,285) Favourable step	€ 4,874,712 Equity 2024: € 4,874,712 ▼ 1% vs 2023 (€ 4,928,335) Unfavourable step	€ 6,344,748 Equity 2025: € 6,344,748 ▲ 30% vs 2024 (€ 4,874,712) Favourable step	▲ 30%
Total debts	€ 5,047,715 Total debts 2022: € 5,047,715 First fiscal year in the series	€ 7,030,281 Total debts 2023: € 7,030,281 ▲ 39% vs 2022 (€ 5,047,715) Unfavourable step	€ 7,871,643 Total debts 2024: € 7,871,643 ▲ 12% vs 2023 (€ 7,030,281) Unfavourable step	€ 9,316,352 Total debts 2025: € 9,316,352 ▲ 18% vs 2024 (€ 7,871,643) Unfavourable step	▲ 18%
Cash	€ 2,022,693 Cash 2022: € 2,022,693 First fiscal year in the series	€ 2,833,289 Cash 2023: € 2,833,289 ▲ 40% vs 2022 (€ 2,022,693) Favourable step	€ 1,289,200 Cash 2024: € 1,289,200 ▼ 54% vs 2023 (€ 2,833,289) Unfavourable step	€ 845,174 Cash 2025: € 845,174 ▼ 34% vs 2024 (€ 1,289,200) Unfavourable step	▼ 34%
Land & buildings	€ 147,599 Land & buildings 2022: € 147,599 First fiscal year in the series	€ 124,250 Land & buildings 2023: € 124,250 ▼ 16% vs 2022 (€ 147,599) Unchanged	€ 0 Land & buildings 2024: € 0 ▼ 100% vs 2023 (€ 124,250) Unchanged	-
Retained profit	€ 3,603,889 Retained profit 2022: € 3,603,889 First fiscal year in the series	€ 4,830,317 Retained profit 2023: € 4,830,317 ▲ 34% vs 2022 (€ 3,603,889) Favourable step	€ 4,787,386 Retained profit 2024: € 4,787,386 ▼ 1% vs 2023 (€ 4,830,317) Unfavourable step	€ 6,257,423 Retained profit 2025: € 6,257,423 ▲ 31% vs 2024 (€ 4,787,386) Favourable step	▲ 31%
Dividend	€ 300,000 Dividend 2022: € 300,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 300,000) Unchanged	€ 300,000 Dividend 2024: € 300,000 Unchanged (€ 0) Unchanged	€ 1,100,000 Dividend 2025: € 1,100,000 ▲ 267% vs 2024 (€ 300,000) Unchanged	▲ 267%
Bank debt	€ 444,963 Bank debt 2022: € 444,963 First fiscal year in the series	€ 786,051 Bank debt 2023: € 786,051 ▲ 77% vs 2022 (€ 444,963) Unfavourable step	€ 2,042,040 Bank debt 2024: € 2,042,040 ▲ 160% vs 2023 (€ 786,051) Unfavourable step	€ 774,843 Bank debt 2025: € 774,843 ▼ 62% vs 2024 (€ 2,042,040) Favourable step	▼ 62%
Balance sheet total	€ 8,931,828 Balance sheet total 2022: € 8,931,828 First fiscal year in the series	€ 12,159,458 Balance sheet total 2023: € 12,159,458 ▲ 36% vs 2022 (€ 8,931,828) Unchanged	€ 12,930,894 Balance sheet total 2024: € 12,930,894 ▲ 6% vs 2023 (€ 12,159,458) Unchanged	€ 15,930,420 Balance sheet total 2025: € 15,930,420 ▲ 23% vs 2024 (€ 12,930,894) Unchanged	▲ 23%
Employees (FTE)	89.1 Employees (FTE) 2022: 89.1 First fiscal year in the series	98.9 Employees (FTE) 2023: 98.9 ▲ 9.8 vs 2022 (89.1) Unchanged	119.4 Employees (FTE) 2024: 119.4 ▲ 20.5 vs 2023 (98.9) Unchanged	132 Employees (FTE) 2025: 132 ▲ 12.6 vs 2024 (119.4) Unchanged	▲ 12.6

Key figures of THERSA, 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 THERSA?

What happened at THERSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 COA SRL stepped down as director. NBB
2027 BLM HOLDING SA stepped down as director. NBB
2027 G2 GESTION GLOBALE SRL stepped down as director. NBB
2027 BAUDRU MANAGEMENT SOLUTIONS SRL stepped down as director. NBB
2027 D² CONSULT SRL stepped down as director. NBB
Jul 3, 2026 New annual accounts for financial year 2025: profit of € 2.6 million (▲ € 2.2 million vs 2024). Source: NBB ↗
2024 BAUDRU MANAGEMENT SOLUTIONS SRL became a director. NBB
2024 D² CONSULT SRL became a director. NBB

In short

From € 2 million profit in 2022 to € 2.6 million profit in 2025.

Paid € 2.4 million in corporate taxes since 2022.

Best year ever: 2025, with € 2.6 million profit.

Paid out € 1.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

BLM HOLDING 64.6%

COA 17.7%

BLM 16.6%

The stake of BLM HOLDING, COA, BLM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

THERSA

The shares are held by BLM HOLDING (64.6%), COA (17.7%) and BLM (16.6%).

Directors

According to the 2025 annual accounts

COA SRL

Managing director · represented by Stéphane DELPIRE

Also active at: TRADECO BELGIUM, BECO, BLM, EDERGEN, BLM HOLDING, IMMO TRADECO

since 2021 · until 2027

BLM HOLDING SA

Managing director · represented by Bertrand LOSFELD

Also active at: TRADECO BELGIUM, EDERGEN, IMMO TRADECO

since 2024 · until 2027

G2 GESTION GLOBALE SRL

Director · represented by Olivier CABRAL DOS SANTOS

Also active at: TRADECO BELGIUM, BLM, EDERGEN, BLM HOLDING, IMMO TRADECO

since 2024 · until 2027

BAUDRU MANAGEMENT SOLUTIONS SRL

Director · represented by Frederic BAUDRU

since 2024 · until 2027

D² CONSULT SRL

Director · represented by Damien DETOLLENAERE

since 2024 · until 2027

Shareholders

BLM HOLDING

64.6%

COA

17.7%

BLM

16.6%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Gustave Fachedreef(L) 5

7700 Mouscron

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.

All companies at this address →

TRADECO BELGIUM same network

€ 119.2 million revenue · 2025

BLM same network

€ 1.1 million revenue · 2025

S.M. TRADECO BELGIUM - THERSA

S.M. TRADECO-DELENS

TRADECO - INTERCONSTRUCT - PIGNON NOIR

+13 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

0479.604.226

VAT number

BE 0479.604.226

Registered office

Gustave Fachedreef(L) 5, 7700 Mouscron

Names & denominations

THERSA

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

26 February 2003

Peppol

Active · Active since 21 Oct 2026

Contact

[email protected] 056 48 36 80

Activities · NACE

Algemene elektrotechnische installatiewerken

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

Landschapsverzorging

Overige gespecialiseerde bouwactiviteiten, neg

Sanitaire werkzaamheden

Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken

Overige gespecialiseerde werkzaamheden in de bouw

View on CBE Public ↗ Annual accounts (NBB) ↗

THERSA

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Financials

What happened to THERSA?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions