Result
€5.9m €5.9m
Back in profit in 2025, after a loss of €15.0m in 2024.
THOMAS & PIRON HOLDING
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €12.0m (2025)
€12.0m▲ 33.8%
lowest -€15.0m (2024)
€5.9m▲ €20.9m
peak €172.5m (2019)
€156.6m▲ 3.9%
€417.4m▲ 1.2%
peak 39.1 FTE (2025)
39.1 FTE▲ 11.1%
Board22 names since 2011all names
9 directorsChristian Marie René Bastin and 8 others
Owners
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Turnover from €8.9m to €12.0mBack to profit: €5.9mStaff from 35.2 FTE to 39.1 FTECash from €23.1m to €33.9m
Key points
from the 2025 annual accountsDebts
€417.4m 73% of the balance sheet
Financial debts 74%Suppliers 1%Taxes and wages 0%Other 25%
Of this, €347.1m falls due within a year.
Staff
42 employees on 31-12-2025
In 2025, 15 people joined and 11 left. On top of that, 0.9 agency workers worked there on average.
Payment terms
100 days to suppliers
THOMAS & PIRON HOLDING pays its suppliers 19 days later than in 2024. Customers pay 237 days earlier.
Filings
37 annual accounts 66 filings since 1989
Three of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
Board
3 joined · 3 left
Board changed. Latest change 20-10-2026 · 8 in office.
Standalone figures, without subsidiaries
Checked score
91
Excellent
Financially stronger than 32% of small companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged 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: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.61, cash €33.9m
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Founded in 1988
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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 (NACE 82, small). It does better than 36% of them on solvency, 16% on liquidity, 7% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €1,150,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.61 (0.58 in 2024), below 1. Short-term debt is 60.4% and cash 5.9% of total assets. 72.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 days early
2024
23 days early
2023
27 days early
2022
31 days late
2021
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 3 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 16 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 3 others
- SESVENNA INVESTMENT 100%annual accounts 2025
- Sesvenna Investment S.A consolidatedLEI register
Shares in 43 companies, including B.T.A. CONSTRUCT and B32 Renaissance
Board & ownershipRecent changes
3 directors appointed, 3 resignations, 1 reappointment
Resignations: André Sélenne, FROM THE FACTORY and CASSIOPEE · Permanent representatives: Philippe Delusinne, Etienne Dewulf, Mathieu Ryckewaert and Olivier Beguin · Appointments: Serge Fautré, MJP CONSEIL and ABSOlute Consulting (managing director) · General meeting of 20-10-2026 · Gazette deed
6 directors reappointed, 1 statutory auditor reappointed
SESVENNA INVESTMENT, ABSOlute Consulting, BERNARD PIRON, Edouard HERINCKX, Jacques PETERS, Christian BASTIN and 1 other · General meeting of 25-06-2026 · Gazette deed
New managing director
SRL ABSOlute Consulting appointed, Edouard HERINCKX resigned · Permanent representative: Olivier BEGUIN · General meeting of 12-12-2025 · Gazette deed
Permanent representative: François Piron
Board meeting of 13-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THOMAS & PIRON HOLDING Paliseul | €12.0m | -14.9% | 27.3% | 39.1 |
| SOUDAL HOLDING Turnhout | €7.8m | 37.9% | 37.6% | 21.9 |
| Fortrea Belgium Brussels | €13.6m | 8.8% | 98.5% | 82.8 |
| INTERXION BELGIUM Zaventem | €48.0m | 2.7% | 24.3% | 44.2 |
| DEBINCO Ypres | €4.4m | 9.3% | 59.3% | 17.5 |
| STEPHEX HOLDING Meise | €5.5m | -1.5% | 27.2% | 21.5 |
| Recupel Zaventem | €41.5m | -35.6% | 80.5% | 33.3 |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as THOMAS & PIRON HOLDING: other business support services (NACE 82990). They are comparable in size and age: total assets between €98m and €497m, founded between 1988 and 2008.
Official details
Source: KBO- Status
- Active since 14-12-1988Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Other business support servicesNACE 82990and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.042.583.4386852 Paliseul, since 20-03-1989
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €574.6m▲ 1.9%
- Employeeson 31-12-2025
- 42▲ 10.5%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Companies linked to THOMAS & PIRON HOLDING
Subsidiaries and holdings
- CLE DES ARDENNES100%
- Coeur de Ville100%
- DESSIN PERFORMANCE ENERGIE100%
- EKLOZIO100%
- ESPACES PROMOTION100%
- FONCIERE DE SAUHEID100%
- FONCIERE INVEST100%
- Galère100%
Insights on THOMAS & PIRON HOLDING
THOMAS & PIRON HOLDING has existed since 1988. In 2013 turnover rose from €152,368 to €1.3m.
Turnover has grown every year since 2017.
SESVENNA INVESTMENT holds all the shares. In June 2026, three directors stepped down. In January 2026, the Official Gazette published the appointment of ABSOlute Consulting as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THOMAS & PIRON HOLDING
- What is the company number of THOMAS & PIRON HOLDING?
- The company number of THOMAS & PIRON HOLDING is 0436.144.563. The VAT number is the same number with BE in front: BE 0436.144.563.
- Where is THOMAS & PIRON HOLDING based?
- The registered office is at Rue de la Besace, Our 14, 6852 Paliseul.Company details
- What does THOMAS & PIRON HOLDING do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of THOMAS & PIRON HOLDING?
- THOMAS & PIRON HOLDING is a public limited company (NV).
- When was THOMAS & PIRON HOLDING founded?
- THOMAS & PIRON HOLDING was founded on 14-12-1988.
- Is THOMAS & PIRON HOLDING still active?
- Yes, THOMAS & PIRON HOLDING is an active enterprise in the KBO register.
- How many employees does THOMAS & PIRON HOLDING have?
- THOMAS & PIRON HOLDING had an average of 39.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does THOMAS & PIRON HOLDING fall under?
- In its 2025 annual accounts, THOMAS & PIRON HOLDING states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of THOMAS & PIRON HOLDING?
- The turnover of THOMAS & PIRON HOLDING was €12.0m in financial year 2025, according to the filed annual accounts.
- Is THOMAS & PIRON HOLDING profitable?
- In financial year 2025, THOMAS & PIRON HOLDING made a profit of €5.9m.
- Where can I find the annual accounts of THOMAS & PIRON HOLDING?
- THOMAS & PIRON HOLDING filed 66 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THOMAS & PIRON HOLDING due?
- THOMAS & PIRON HOLDING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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