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Thomas & Piron Bâtiment

Active
Public limited companyfounded 2012active for 14 yearsRue du Fort d'Andoy(WD) 5, 5100 Namur, Belgium45 active companies are registered at this addressKBO/BCE: BE 0848.805.725
Summary

Thomas & Piron Bâtiment has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75.5m and a net result of €7.7m. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 66% of 1,022 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
Thomas & Piron BâtimentActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001
Largest employer in the province of Namur, Construction sector2 sites
Size
€175.9mturnover 2025
Staff
380 FTE
Equity
€75.5m
Profit
€7.7m
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
THOMAS & PIRON HOLDING · 100%
Board
6 members
Holdings
6
Auditor: SCRL Emst & Young2025 accounts filed 20 days late
Why 88raises riskLiquidity: current ratio 1.96, cash €3.2mSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2012Size: turnover €175.9m, 380 FTE, total assets €158.1mShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 73+3
equity 47.8% of total assets
Liquidity 29-1
short-term debt 46.9% · cash 2.0%
Profitability 66-2
return on assets 4.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (23 companies, NACE 41, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%▼ -0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.4 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €6,600,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.96, compared with 1.9 in 2024, above the usual 1.5; short-term debt: 46.9% and cash: 2% of total assets), but 52.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 64% on solvency, 27% on liquidity, 56% on profitability and 47% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 2012
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.96, cash €3.2m
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Size: turnover €175.9m, 380 FTE, total assets €158.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
20 days late
2024
8 days late
2023
19 days late
2022
31 days early
2021
30 days early
2020
31 days early
2019
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Merger · Declaration · Real…
  2. Annual accounts filedfinancial year 2025 · full…
  3. RestructuringShareholding · Declaration · Merger

Key points

  • Positive: Largest employer in the province of Namur, Construction sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €7.7m 8 years View
  • Controlled by THOMAS & PIRON HOLDINGultimately: SESVENNA INVESTMENT 100% View
  • Merger with THOMAS & PIRON RÉNOVATIONmerger on 01-01-2026 2026 View
  • New directorlatest change 26-01-2026 · 6 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€175.9m
Profit
€7.7m
Solvency
47.8%
Turnover▲ 1.5%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Parent
THOMAS & PIRON HOLDING · 100%
Auditor
SCRL Emst & Young
  • SPRL Bernard PironChair
  • François PIRON SPRLDirector
  • DLP PROJECTManaging director
  • SMAPICManaging director
  • Edouard HERINCKXDirector

and 1 other director

Go to Board & ownership

Network & group

Group
SESVENNA INVESTMENT
Subsidiaries
2
Direct holdings
6
Connected companies
34

6 holdings

Go to Network & group

Timeline

Events
49
Since
2012
Next accounts
by 31-07-2027
  1. 21-05-2026Appointment: ABSOlute Consulting (director)
  2. 25-11-2025Permanent representatives: Pascal DELAHAUT, Aubry LEFEVBRE and…
  3. 08-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
19-09-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
64
Purpose
“L'étude, la planification, l'organisation et l'exécution de tous travaux et de toutes…” (deed in French)
Go to Articles of association

Key facts about Thomas & Piron Bâtiment

What is the company number of Thomas & Piron Bâtiment?
0848.805.725. In Belgium the VAT number is the company number with BE in front: BE 0848.805.725.
Where is Thomas & Piron Bâtiment based?
The registered office is at Rue du Fort d'Andoy(WD) 5, 5100 Namur.Company details
What does Thomas & Piron Bâtiment do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Thomas & Piron Bâtiment?
Public limited company (NV).
When was Thomas & Piron Bâtiment founded?
On 19-09-2012.
Is Thomas & Piron Bâtiment still active?
Yes, Thomas & Piron Bâtiment is an active enterprise in the KBO register.
How many employees does Thomas & Piron Bâtiment have?
On average 380 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Thomas & Piron Bâtiment?
€175.9m in financial year 2025, according to the filed annual accounts.
Is Thomas & Piron Bâtiment profitable?
In financial year 2025, Thomas & Piron Bâtiment made a profit of €7.7m.
Where can I find the annual accounts of Thomas & Piron Bâtiment?
Thomas & Piron Bâtiment filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Thomas & Piron Bâtiment due?
By 31-07-2027, for financial year 2026.Timeline

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