TIFFANY
ActiveSummary
TIFFANY has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,853 and a net result of -€12,352. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+3
Solvency91▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 34.4% of total assets), and 34.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,352
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
30 d early
2023
18 d early
2022
62 d early
2021
114 d early
2020
40 d early
2019
18 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€158,853▼ 7.2%
2024 · €171,205
Total assets
€242,197▼ 4.6%
2024 · €253,954
Net result
-€12,352▲ 37.4%
2024 · -€19,735
Working capital
-€82,049▼ 2.3%
2024 · -€80,210
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,659▲ 18.2%€74,963€92,660▲ 23.6%-€19,248-€12,071▲ 37.3%
Net result-€15,040below the sector's middle half▲ 18.3%€72,644above the sector's middle half€76,907above the sector's middle half▲ 5.9%-€19,735below the sector's middle half-€12,352below the sector's middle half▲ 37.4%
Equity€41,388within the sector's middle half▼ 26.7%€114,033within the sector's middle half▲ 176%€190,940above the sector's middle half▲ 67.4%€171,205within the sector's middle half▼ 10.3%€158,853within the sector's middle half▼ 7.2%
Total assets€260,555within the sector's middle half▼ 3.2%€303,834within the sector's middle half▲ 16.6%€265,947within the sector's middle half▼ 12.5%€253,954within the sector's middle half▼ 4.5%€242,197below the sector's middle half▼ 4.6%
Debt€219,167▲ 3.1%€189,801▼ 13.4%€75,007▼ 60.5%€82,750▲ 10.3%€83,345▲ 0.7%
Working capital-€218,491below the sector's middle half▼ 3.0%-€168,239below the sector's middle half▲ 23.0%-€68,378below the sector's middle half▲ 59.4%-€80,210below the sector's middle half▼ 17.3%-€82,049below the sector's middle half▼ 2.3%
Solvency15.9%within the sector's middle half▼ 5.1pp37.5%within the sector's middle half▲ 21.6pp71.8%above the sector's middle half▲ 34.3pp67.4%within the sector's middle half▼ 4.4pp65.6%above the sector's middle half▼ 1.8pp
Current ratio0.00below the sector's middle half=0.08below the sector's middle half▲ 0.080.05below the sector's middle half▼ 0.030.03below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.02
Return on assets (ROA)-5.8%below the sector's middle half▲ 1.1pp23.9%above the sector's middle half▲ 29.7pp28.9%above the sector's middle half▲ 5.0pp-7.8%below the sector's middle half▼ 36.7pp-5.1%below the sector's middle half▲ 2.7pp
Staff (FTE)1.20.4▼ 66.7%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,071 in 2025 against €19,248 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,197
Fixed assets
€240,902 ▼ 4.2%
Current assets
€1,295 ▼ 49.0%
Equity and liabilities €242,197
Equity
€158,853 ▼ 7.2%
Debt
€83,345 ▲ 0.7%
Debt's share of the balance-sheet total rises from 32.6% to 34.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,558▲
2024 · -€8,133
Cash flow
-€1,840▲
2024 · -€8,619
Debt to equity
0.52▲
2024 · 0.48
ROE
-7.8%▲
2024 · -11.5%
Interest coverage
-5.53▲
2024 · -16.20
Debt ≤ 1 year
€83,345▲
2024 · €82,750
Income taxes
€0▲
2024 · -€15
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €108,025 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €38,481 | €12,921 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,990 | €17,345 | €12,245 | €11,116 | €10,513 | ▼ 5.4% |
| Other operating charges640/8 | €3,106 | €3,171 | €5,494 | €4,270 | €5,470 | ▲ 28.1% |
| Gross operating margin9900 | €2,437 | €133,960 | €123,320 | -€3,863 | €3,912 | ▲ 201% |
| Operating profit (loss)9901 | -€14,659 | €74,963 | €92,660 | -€19,248 | -€12,071 | ▲ 37.3% |
| Financial income75/76B | - | €298 | €65 | €0 | - | - |
| Recurring financial income75 | - | €298 | €65 | €0 | - | - |
| Financial charges65/66B | €381 | €2,616 | €1,218 | €502 | €282 | ▼ 43.9% |
| Recurring financial charges65 | €381 | €2,616 | €1,218 | €502 | €282 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | -€15,040 | €72,644 | €91,507 | -€19,750 | -€12,352 | ▲ 37.5% |
| Income taxes67/77 | - | - | €14,600 | -€15 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | -€15,040 | €72,644 | €76,907 | -€19,735 | -€12,352 | ▲ 37.4% |
| Transfer from tax-exempt reserves789 | €153 | €153 | €153 | €950 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€14,887 | €72,798 | €77,060 | -€18,785 | -€12,352 | ▲ 34.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,555 | €303,834 | €265,947 | €253,954 | €242,197 | ▼ 4.6% |
| Fixed assets21/28 | €259,879 | €288,850 | €262,530 | €251,414 | €240,902 | ▼ 4.2% |
| Intangible fixed assets21 | - | €4,624 | €0 | - | - | - |
| Tangible fixed assets22/27 | €259,879 | €284,226 | €262,530 | €251,414 | €240,902 | ▼ 4.2% |
| Land and buildings22 | €259,879 | €264,748 | €255,628 | €247,637 | €240,153 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €9,451 | €0 | - | - | - |
| Furniture and vehicles24 | - | €291 | €162 | €32 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | €9,736 | €6,741 | €3,745 | €749 | ▼ 80.0% |
| Current assets29/58 | €676 | €14,983 | €3,417 | €2,540 | €1,295 | ▼ 49.0% |
| Stocks and contracts in progress3 | - | €5,391 | €0 | - | - | - |
| Stocks30/36 | - | €5,391 | €0 | - | - | - |
| Amounts receivable within one year40/41 | - | - | €1,112 | €855 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €440 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €1,112 | €415 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €119 | €6,539 | €713 | €0 | - | - |
| Deferred charges and accrued income490/1 | €557 | €3,054 | €1,592 | €1,685 | €1,295 | ▼ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,555 | €303,834 | €265,947 | €253,954 | €242,197 | ▼ 4.6% |
| Equity10/15 | €41,388 | €114,033 | €190,940 | €171,205 | €158,853 | ▼ 7.2% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Revaluation surpluses12 | €28,057 | €28,057 | €28,057 | €28,057 | €28,057 | = |
| Reserves13 | €2,851 | €2,697 | €5,561 | €4,611 | €4,611 | = |
| Non-distributable reserves130/1 | €1,594 | €1,594 | €4,611 | €4,611 | €4,611 | = |
| Legal reserve130 | €1,594 | €1,594 | €4,611 | €4,611 | €4,611 | = |
| Tax-exempt reserves132 | €1,257 | €1,103 | €950 | €0 | - | - |
| Profit (loss) carried forward14 | -€89,519 | -€16,722 | €57,321 | €38,537 | €26,184 | ▼ 32.1% |
| Amounts payable17/49 | €219,167 | €189,801 | €75,007 | €82,750 | €83,345 | ▲ 0.7% |
| Amounts payable after more than one year17 | - | €6,521 | €3,212 | €0 | - | - |
| Financial debts170/4 | - | €6,521 | €3,212 | €0 | - | - |
| Amounts payable within one year42/48 | €219,167 | €183,223 | €71,795 | €82,750 | €83,345 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €3,117 | €3,309 | €3,620 | €0 | ▼ 100% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €328 | €6,688 | €2,280 | €1,845 | €1,970 | ▲ 6.7% |
| Suppliers440/4 | €328 | €6,688 | €2,280 | €1,845 | €1,970 | ▲ 6.7% |
| Taxes, remuneration and social security45 | - | €513 | €0 | - | - | - |
| Taxes450/3 | - | €513 | €0 | - | - | - |
| Other amounts payable47/48 | €218,839 | €172,905 | €66,206 | €77,285 | €81,375 | ▲ 5.3% |
| Accrued charges and deferred income492/3 | - | €57 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,040 | €72,644 | €76,907 | -€19,735 | -€12,352 | ▲ 37.4% |
| + Depreciation and write-downs630 | €13,990 | €17,345 | €12,245 | €11,116 | €10,513 | ▼ 5.4% |
| Operating cash flow (approximation) | -€1,050 | €89,989 | €89,152 | -€8,619 | -€1,840 | ▲ 78.7% |
| Investment in fixed assets (approximation) | - | -€46,316 | €14,075 | €0 | €0 | - |
| Change in cash | - | €6,420 | -€5,826 | -€713 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €76,907 ▲5.9%
Operating result €92,660, net result €76,907, both a record.
31-12
Financial
Equity above €150,000Eq €190,940 ▲67.4%
2 profitable years in a row build equity to €190,940.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €72,644
Net result €72,644 after 4 loss-making years.
31-12
Financial
Equity above €100,000Eq €114,033 ▲176%
Equity rises from €41,388 to €114,033.
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€64,844
Net result drops to -€64,844, the lowest in the series; recovery starts the following year.
Show earlier events
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 1984
Ground area
2,838 m²
Building footprint
180 m²
Volume, LiDAR
874 m³
Parcel 31034B0377/00W000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TIFFANY
since 19842.028.142.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0377/00W000 | Flanders | 2,838 m² | 1 · 180 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,725 companies in sector 52210 we hold annual accounts for 774. 566 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-04-1984
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.