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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
91 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
THELMA from Elsene, company number BE0862103039, closed financial year 2025 with a result of € -23,396 after tax. For that financial year THELMA recorded a gross margin of € -5,488 and equity of € -95,386. Compared with financial year 2024, the result moved from € -29,652 to € -23,396. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ -95,386
▼ € 23,396 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,396
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 252,123
▲ € 237,461 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -178,986.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,581
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,578 | € -4,913 | € -7,059 | € -5,488 | ▲ € 1,572 |
| Profit after taxes | € -9,814 | € -23,565 | € -29,652 | € -23,396 | ▲ € 6,256 |
| Equity | € -18,773 | € -42,338 | € -71,990 | € -95,386 | ▼ € 23,396 |
| Total debts | € 593,759 | € 619,690 | € 654,394 | € 748,493 | ▲ 14% |
| Cash | € 35,828 | € 26,169 | € 14,662 | € 252,123 | ▲ € 237,461 |
| Retained profit | € -102,373 | € -125,938 | € -155,590 | € -178,986 | ▼ € 23,396 |
| Balance sheet total | € 574,986 | € 577,352 | € 582,404 | € 653,107 | ▲ 12% |
Key figures of THELMA, 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 THELMA?
What happened at THELMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,396. filed late Source: NBB ↗
- Jean-Jacques BRANGER became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,814 loss in 2022 to € 23,396 loss in 2025.
Management
Behind THELMA is Jean-Jacques BRANGER. It owns 98% of EURHOTEL, 80% of KARNAK S.A.R.L. and 67% of META 3 itself.
Directors
According to the 2025 annual accounts
since 2024
Establishments
Establishment units
Physical locations of this company
Louizalaan 240 box 14
1050 Elsene
Gachardstraat 88 box 14
1050 Elsene
Active since 9 December 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 91 companies are registered at this address.
All companies at this address →Plan Immo
€ -5,127 gross margin · 2025
SAPEC
Immobilière Steynhoeve
€ 18,652 gross margin · 2025
Financiële Vennootschap Frédéric Jacobs-Financière Frédéric Jacobs
€ -23,234 gross margin · 2025
WALT LOUISE
€ 224,943 gross margin · 2025
+86 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
- 0862.103.039
- VAT number
- BE 0862.103.039
- Registered office
- Louizalaan 240 bus 14, 1050 Elsene
- Names & denominations
- THELMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2003
- Peppol
- Not registered