Theys won the Belgium Karting championship in 1977. Later he competed in several feeder formulae: he won several Formula Ford championships in the late 1970s and early 1980s; the U.S. Bosch Super Vee championship in 1986; and the American Racing Series championship in 1987. He was also successful in the European Formula Three Championship and Formula 2 in the 1980s. He finished third in the Monaco Formula 3 Grand Prix in 1985. Theys competed in the CARTIndy Car Series from 1987 to 1993 with 47 career starts, including the Indianapolis 500 three times. He finished in the top ten 10 times in CART events, and his best career finish in that series was a third position in Miami in 1988.
Theys' 1998 victories at Daytona and Sebring came in the Kevin Doran-prepared MOMO Ferrari with co-drivers Mauro Baldi, Arie Luyendyk and Giampiero Moretti. His 2002 Daytona victory came in the Doran Lista Dallara Judd with co-drivers Baldi, Fredy Lienhard and Max Papis. His 1998 season was a record-setter, as in addition to winning Daytona and Sebring, Theys also won the Six Hours of Watkins Glen. He also finished second overall in the FIA Sportscar Championship that year, winning at Paul Ricard, France.
2000–2002 seasons
In addition to his Grand-Am driver championship in 2002, Theys finished third in the driver point standings in that series in 2001 and was the runner-up in 2000. He had four victories in his championship 2002 season, and established the largest margin of victoryin series history in winning the race at Mont-Tremblant, Quebec from the pole that year.
After 2002
Prior to retiring from pro racing in March 2009, Theys also competed in the Le Mans Series in Europe with Horag Racing from 2005 through 2008, winning the Monza 1,000 km race in the LMP2 category in 2007 and a similar event at the Nürburgring in 2005 in a Lola Judd. He finished his pro driving career in the Horag Racing-prepared Lista Office Porsche RS Spyder in the Le Mans Series' LMP2 division in 2008, finishing second in class at Spa and Silverstone, third at Monza and winning the Michelin Energy Challenge that season. Theys also drove a Maserati MC 12 for Doran Racing in the ALMS in 2007, an effort that stunned the GT1 class when it beat the factory Corvettes to win the pole at the Petit Le Mans that year.
Accomplishments
Upon his retirement from driving professionally, Theys had finished on the podium 61 times in sports car races all over the world, with 18 victories, 22 second-place finishes and 21 third-place finishes through the end of the 2008 season. He has the most professional victories of anyone in a Ferrari 333 SP with 10. He received the prestigious Driver of the Year Award in his native Belgium in 2002.
Post-retirement
Theys currently works as a racing driver coach and consultant. He is also the Driving Director of , an automotive event company that allows guests to experience the exhilaration and adrenaline of being behind the wheel of the world's newest and best Supercars.
Personal
Although he never gave up his Belgium citizenship, Theys resides in Scottsdale, Ariz., for many years, and still lives there. That municipality honored him with the keys to the city in honor of his GRAND-AM driver championship and second 24 Hours of Daytona victory. He is married to Florence Richardson.