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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Busy address KBO
60 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
THEODORUS III from Anderlecht, company number BE0535803353, closed financial year 2024 with a result of € 28.4 million after tax. For that financial year THEODORUS III recorded a gross margin of € -6.4 million and equity of € 163,489. Compared with financial year 2023, the result moved from € -544,396 to € 28.4 million. Profitable, and profit is growing. The buffer shrank hard: equity is 95 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 15, 2025.
€ 163,489
▼ 95% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28.4 million
▲ still € 544,396 loss in 2023
Profit after tax over the fiscal year.
€ 622,587
▲ 58% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 27.5 million paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 130,068
▲ € 114,781 vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -317,134 | € -322,511 | € -331,794 | € -6,395,352 | ▼ € 6.1 million |
| Profit after taxes | € 376,420 | € -693,455 | € -544,396 | € 28,374,093 | ▲ € 28.9 million |
| Equity | € 3,996,804 | € 3,303,349 | € 3,058,953 | € 163,489 | ▼ 95% |
| Total debts | € 174,627 | € 143,286 | € 140,288 | € 620,593 | ▲ € 480,306 |
| Cash | € 485,184 | € 179,220 | € 394,186 | € 622,587 | ▲ 58% |
| Retained profit | € 474,323 | € -219,132 | € -763,528 | € 101,989 | ▲ € 865,517 |
| Dividend | € 0 | € 0 | € 0 | € 27,508,576 | |
| Balance sheet total | € 4,171,431 | € 3,446,635 | € 3,199,241 | € 909,083 | ▼ 72% |
Key figures of THEODORUS III, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to THEODORUS III?
What happened at THEODORUS III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
THEODORUS III is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2024: profit of € 28.4 million. Source: NBB ↗
- Daniele Carati stepped down as director. NBB
- Finance & Invest.Brussels stepped down as director. NBB
- BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM SA stepped down as director. NBB
- 50° North Venture stepped down as director. NBB
- Société Fédérale de Participations et d'Investissement SA stepped down as director. NBB
- AXA BELGIUM SA stepped down as director. NBB
- THEODIRIS SA stepped down as director. NBB
In short
From € 376,420 profit in 2021 to € 28.4 million profit in 2024.
Paid € 0 in corporate taxes since 2021.
Best year ever: 2024, with € 28.4 million profit.
Paid out € 27.5 million in dividends to the owners in total.
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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 finance&invest.brussels comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THEODORUS IIIThe shares are held by Société Fédérale de Participations et d'Investissement SA (24.7%), Sambrinvest Spin-Off/ Spin-out Sa (19.8%), BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM SA (12.3%), AXA BELGIUM SA (12.3%), THEODIRIS SA (12.3%) and finance&invest.brussels (2.5%). It owns 38.8% of VIRTEO (en faillite), 28.3% of X4C (en faillite), 27.8% of ANTIGON (Ouverture de faillite le 06.02.23) and 24.8% of KABANDY itself.
Directors
According to the 2024 annual accounts
Daniele Carati
Chairman of the board
since 2019 · until 2025
Director · represented by Barbara ROOSE
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES, S.F.A.R., MAISON DE LA RADIO FLAGEY, BE ANGELS, INNOVATION FUND, SEEDER FUND, SCALE I +14 more
since 2019 · until 2025
BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM SA
Director · represented by Patricia Terryn
Also active at: HET ANKER, Anima Research, STUDIO 100, PLOPSA, QBIC Feeder Fund, QBIC Arkiv Fund, QBIC Brussels Fund
since 2019 · until 2025
Managing director · represented by André Ostachkov
Also active at: EEBIC, BE ANGELS, Brussels South Charleroi BioPark Dev, THEODIRIS, ALLERINVEST, KABANDY, SEEDER FUND, SCALE I +13 more
since 2019 · until 2025
Société Fédérale de Participations et d'Investissement SA
Director · represented by Matthieu De Posch
Also active at: Aviapartner Belgium, Société Anonyme Belge de Constructions Aéronautiques, Société Nationale de Construction Aérospatiale, COMETSAMBRE, ASCO INDUSTRIES, ZEPHYR - FIN, Sabena Aerospace Engineering, reMYND +57 more
since 2019 · until 2025
Director · represented by Pascal Dumont
since 2019 · until 2025
Director · represented by Yannick Hallet
since 2019 · until 2025
SAMBRINVEST Spin-off/Spin-out SA
Director · represented by Helena Pozios
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain, WE INVEST REAL ESTATE +25 more
since 2019 · until 2025
Director · represented by Muriel De Lathouwer
Owns 7.4% via THEODIRIS SA
Also active at: Centre d'accompagnement de projets innovants, Brussels South Charleroi BioPark Dev, 50°NORTH VENTURES, Pré Seed Fund, THEODORUS IV, E-HEALTH VENTURE, Advanced Engineering Accelerator, Boost Engineering Pre-Seed Fund
since 2023 · until 2025
Director · represented by Giula Van Waeyenberge
since 2019 · until 2025
Shareholders
12.3%
THEODIRIS SA · holding of IMPACTHEO
12.3%
Participations
38.8%
28.3%
24.8%
Establishments
Establishment units
Physical locations of this company
Researchdreef 12
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 60 companies are registered at this address.
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€ 669,567 gross margin · 2025
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€ 21.1 million revenue · 2024
+55 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
- 0535.803.353
- VAT number
- BE 0535.803.353
- Registered office
- Researchdreef 12, 1070 Anderlecht
- Names & denominations
- THEODORUS III
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 19 June 2013
- Peppol
- Not registered