Tiffanys
ActiveSummary
Tiffanys has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €664k and a net result of €25k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+10
Solvency79▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.74 in 2024; short-term debt: 46.1% and cash: 41.2% of total assets), and 46.1% of the assets are financed with debt.
Credit check for your own amount and term
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.9%
Return on assets
2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-02-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
on the day
2023
4 d early
2022
6 d early
2021
4 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€664k▲ 3.9%
2024 · €639k
2018: €838k
2019: €840k▲ +0.2% vs 2018highest in 8 years
2020: €840k● 0.0% vs 2019highest in 8 years
2021: €606k▼ -27.8% vs 2020lowest in 8 years
2022: €606k● +0.0% vs 2021
2023: €630k▲ +3.9% vs 2022
2024: €639k▲ +1.4% vs 2023
2025: €664k▲ +3.9% vs 2024
2018 → 2025
Total assets
€1.23M▼ 8.3%
2024 · €1.34M
2018: €1.77Mhighest in 8 years
2019: €1.60M▼ -9.1% vs 2018
2020: €1.68M▲ +4.5% vs 2019
2021: €1.41M▼ -15.9% vs 2020
2022: €1.43M▲ +1.7% vs 2021
2023: €1.24M▼ -13.5% vs 2022
2024: €1.34M▲ +8.1% vs 2023
2025: €1.23M▼ -8.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€25k▲ 183%
2024 · €9k
2018: €8k
2019: €2k▼ -77.2% vs 2018
2020: €-58k▼ -3145% vs 2019
2021: €-175k▼ -201% vs 2020lowest in 8 years
2022: €299▲ +100% vs 2021
2023: €24k▲ +7872% vs 2022
2024: €9k▼ -63.5% vs 2023
2025: €25k▲ +183% vs 2024highest in 8 years
2018 → 2025
Working capital
€565k▲ 8.5%
2024 · €521k
2018: €737khighest in 8 years
2019: €636k▼ -13.7% vs 2018
2020: €548k▼ -13.8% vs 2019
2021: €414k▼ -24.5% vs 2020lowest in 8 years
2022: €446k▲ +7.7% vs 2021
2023: €530k▲ +19.0% vs 2022
2024: €521k▼ -1.7% vs 2023
2025: €565k▲ +8.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€606k-€606k=€630k▲ 3.9%€639k▲ 1.4%€664k▲ 3.9%
2021: €606klowest in 5 years
2022: €606k● +0.0% vs 2021
2023: €630k▲ +3.9% vs 2022
2024: €639k▲ +1.4% vs 2023
2025: €664k▲ +3.9% vs 2024highest in 5 years
Operating result€-165k-€15k€54k▲ 258%€26k▼ 52.5%€43k▲ 70.3%
2021: €-165klowest in 5 years
2022: €15k▲ +109% vs 2021
2023: €54k▲ +258% vs 2022highest in 5 years
2024: €26k▼ -52.5% vs 2023
2025: €43k▲ +70.3% vs 2024
Net result€-175k-€299€24k▲ 7,872%€9k▼ 63.5%€25k▲ 183%
2021: €-175klowest in 5 years
2022: €299▲ +100% vs 2021
2023: €24k▲ +7872% vs 2022
2024: €9k▼ -63.5% vs 2023
2025: €25k▲ +183% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€98k ▼ 16.6%
Current assets
€1.13M ▼ 7.6%
Equity and liabilities €1.23M
Equity
€664k ▲ 3.9%
Debt
€566k ▼ 19.4%
Debt's share of the balance-sheet total falls from 52.4% to 46.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €42k
Cash flow
€44k▲
2024 · €26k
Current ratio
2.00▲
2024 · 1.74
Debt to equity
0.85▼
2024 · 1.10
ROE
3.7%▲
2024 · 1.4%
ROA
2.0%▲
2024 · 0.6%
Interest coverage
3.33▲
2024 · 2.37
Debt ≤ 1 year
€566k▼
2024 · €703k
Income taxes
€-12▼
2024 · €8
Staff costs
€1.19M▲
2024 · €1.12M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.34M€1.23M▼
Fixed assets21/28€118k€98k▼
Intangible fixed assets21€22k€17k▼
Tangible fixed assets22/27€23k€9k▼
Plant, machinery and equipment23€23k€9k▼
Financial fixed assets28€73k€73k=
Current assets29/58€1.22M€1.13M▼
Amounts receivable within one year40/41€698k€609k▼
Trade receivables40€103k€21k▼
Other amounts receivable41€595k€587k▼
Cash at bank and in hand54/58€526k€507k▼
Deferred charges and accrued income490/1-€16k
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.23M▼
Equity10/15€639k€664k▲
Contributions10/11€20k€20k=
Reserves13€299k€299k=
Tax-exempt reserves132€68k€68k=
Distributable reserves133€231k€231k=
Profit (loss) carried forward14€320k€344k▲
Amounts payable17/49€703k€566k▼
Amounts payable within one year42/48€703k€566k▼
Trade debts44€523k€382k▼
Suppliers440/4€523k€382k▼
Taxes, remuneration and social security45€180k€184k▲
Taxes450/3€21k€29k▲
Remuneration and social security454/9€160k€155k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.12M€1.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€20k▲
Other operating charges640/8€42k€52k▲
Gross operating margin9900€1.20M€1.30M▲
Operating profit (loss)9901€26k€43k▲
Financial income75/76B€1k€62▼
Recurring financial income75€1k€62▼
Financial charges65/66B€18k€19k▲
Recurring financial charges65€18k€19k▲
Profit (loss) for the period before taxes9903€9k€25k▲
Income taxes67/77€8€-12▼
Profit (loss) for the period9904€9k€25k▲
Profit (loss) for the period to be appropriated9905€9k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€320k€344k▲
Profit (loss) brought forward from the previous period14P€311k€320k▲
Social balance
Average headcount (FTE)908722.523.2▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €815k | €1.01M | €1.07M | €1.12M | €1.19M | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €37k | €61k | €17k | €20k | ▲ 16.0% |
| Other operating charges640/8 | €95k | €97k | €63k | €42k | €52k | ▲ 22.2% |
| Gross operating margin9900 | €787k | €1.16M | €1.25M | €1.20M | €1.30M | ▲ 8.3% |
| Operating profit (loss)9901 | €-165k | €15k | €54k | €26k | €43k | ▲ 70.3% |
| Financial income75/76B | €5k | €3k | €5k | €1k | €62 | ▼ 94.3% |
| Recurring financial income75 | €5k | €3k | €5k | €1k | €62 | ▼ 94.3% |
| Financial charges65/66B | €14k | €19k | €35k | €18k | €19k | ▲ 5.6% |
| Recurring financial charges65 | €14k | €19k | €35k | €18k | €19k | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €-174k | €-703 | €24k | €9k | €25k | ▲ 182% |
| Income taxes67/77 | €1k | €-1k | €4 | €8 | €-12 | ▼ 244% |
| Profit (loss) for the period9904 | €-175k | €299 | €24k | €9k | €25k | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €-175k | €299 | €24k | €9k | €25k | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.41M | €1.43M | €1.24M | €1.34M | €1.23M | ▼ 8.3% |
| Fixed assets21/28 | €192k | €161k | €100k | €118k | €98k | ▼ 16.6% |
| Intangible fixed assets21 | €1k | - | - | €22k | €17k | ▼ 23.4% |
| Tangible fixed assets22/27 | €118k | €88k | €27k | €23k | €9k | ▼ 61.9% |
| Plant, machinery and equipment23 | €118k | €88k | €27k | €23k | €9k | ▼ 61.9% |
| Financial fixed assets28 | €73k | €73k | €73k | €73k | €73k | = |
| Current assets29/58 | €1.22M | €1.27M | €1.14M | €1.22M | €1.13M | ▼ 7.6% |
| Amounts receivable within one year40/41 | €850k | €721k | €778k | €698k | €609k | ▼ 12.8% |
| Trade receivables40 | €90k | €119k | €139k | €103k | €21k | ▼ 79.5% |
| Other amounts receivable41 | €760k | €602k | €640k | €595k | €587k | ▼ 1.3% |
| Cash at bank and in hand54/58 | €368k | €554k | €363k | €526k | €507k | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €16k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.41M | €1.43M | €1.24M | €1.34M | €1.23M | ▼ 8.3% |
| Equity10/15 | €606k | €606k | €630k | €639k | €664k | ▲ 3.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €299k | €299k | €299k | €299k | €299k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €68k | €68k | €68k | €68k | €68k | = |
| Distributable reserves133 | €229k | €229k | €229k | €231k | €231k | = |
| Profit (loss) carried forward14 | €287k | €287k | €311k | €320k | €344k | ▲ 7.7% |
| Amounts payable17/49 | €804k | €829k | €611k | €703k | €566k | ▼ 19.4% |
| Amounts payable within one year42/48 | €804k | €829k | €611k | €703k | €566k | ▼ 19.4% |
| Trade debts44 | €659k | €657k | €441k | €523k | €382k | ▼ 26.9% |
| Suppliers440/4 | €659k | €657k | €441k | €523k | €382k | ▼ 26.9% |
| Taxes, remuneration and social security45 | €145k | €171k | €170k | €180k | €184k | ▲ 2.2% |
| Taxes450/3 | €23k | €30k | €19k | €21k | €29k | ▲ 40.6% |
| Remuneration and social security454/9 | €123k | €141k | €150k | €160k | €155k | ▼ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-175k | €299 | €24k | €9k | €25k | ▲ 183% |
| + Depreciation and write-downs630 | €41k | €37k | €61k | €17k | €20k | ▲ 16.0% |
| Operating cash flow (approximation) | €-134k | €37k | €84k | €26k | €44k | ▲ 72.8% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-35k | €0 | ▲ 100% |
| Change in cash | - | €186k | €-191k | €163k | €-19k | ▼ 112% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €25k ▲183%
Net result €25k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €299
Net result €299 after 2 loss-making years.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-175k
Net result drops to €-175k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 4 establishment units since 1975
Ground area
12.0 ha
Building footprint
5.7 ha
Volume, LiDAR
416,422 m³
4 parcels, Flanders · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
TIFFANYS
since 19752.002.300.130
TIFFANYS
since 20032.158.841.205
TIFFANYS STUDIO
since 20032.158.842.589
Tiffanys
since 20202.308.521.113
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 44034D0846/00C003 | Flanders | 1.2 ha | 1 · 6,084 m² | 9.1 m · 2 fl. |
| 46443E0361/00Y002 | Flanders | 391 m² | 1 · 370 m² | 14.7 m · 1 fl. |
| 46443E0396/00M003 | Flanders | 111 m² | 1 · 116 m² | 13.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 7,500 EUR |
| 2023 | 1 | 7,500 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
THREE OAKS
BE 0828.127.404
Knokke-Heist · Eq €671k
LAND-TEXCO
BE 0423.472.801
Dilbeek · Eq €643k
STUDIO LUNGARNO
BE 0453.489.846
Boortmeerbeek · Eq €638k
PARALLELE
BE 0414.885.331
Grimbergen · Eq €691k
DECREM FABIENNE
BE 0421.144.009
Halle · Eq €696k
Of 1,276 companies in sector 46160 we hold annual accounts for 686. 373 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-1968
Fiscal year end30-09
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.