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TIGLIO

Active
Public limited companyfounded 199135 yrs activeKBO/BCE: BE 0442.586.947
Summary

TIGLIO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€91,797) and a net result of -€57,341. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability17▼-5
Solvency14▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.42 in 2025; short-term debt: 25.8% and cash: 0.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
-11.2%
Return on assets
-7%
Age of the figures
6 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year -€91,797
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 24-09-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
37 d early
2025
1 d early
2024
on the day
2023
33 d early
2022
6 d early
2021
20 d early
2020
9 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TIGLIO was incorporated on 15 January 1991.1 Total assets fell from EUR 1 million in 2019 to EUR 820,546 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
-€91,797▼ 166%
2025 · -€34,456
Total assets
€820,546▼ 6.7%
2025 · €879,550
Net result
-€57,341▼ 2.8%
2025 · -€55,765
Working capital
-€145,634▼ 49.4%
2025 · -€97,450
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result€77,896▲ 566%€14,328▼ 81.6%-€56,720-€44,469▲ 21.6%-€45,430▼ 2.2%
Net result€72,700▲ 547%€2,633▼ 96.4%-€66,925-€55,765▲ 16.7%-€57,341▼ 2.8%
Equity€85,601▲ 416%€88,234▲ 3.1%€21,308▼ 75.9%-€34,456-€91,797▼ 166%
Total assets€1.2m▲ 5.9%€1.2m▼ 0.3%€1.2m▼ 2.0%€879,550▼ 25.2%€820,546▼ 6.7%
Debt€1.1m=€1.1m▼ 0.5%€1.2m▲ 3.8%€914,007▼ 20.8%€912,344▼ 0.2%
Working capital-€24,223▲ 62.9%€22,237-€49,142-€97,450▼ 98.3%-€145,634▼ 49.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2022: €77,896€77,896Net result 2022: €72,700€72,700Operating result 2023: €14,328€14,328Net result 2023: €2,633€2,633Operating result 2024: -€56,720-€56,720Net result 2024: -€66,925-€66,925Operating result 2025: -€44,469-€44,469Net result 2025: -€55,765-€55,765Operating result 2026: -€45,430-€45,430Net result 2026: -€57,341-€57,34120222023202420252026-€80,000-€60,000-€40,000-€20,000€0Operating result 2024: -€56,720-€56,700Net result 2024: -€66,925-€66,900Operating result 2025: -€44,469-€44,500Net result 2025: -€55,765-€55,800Operating result 2026: -€45,430-€45,400Net result 2026: -€57,341-€57,300202420252026
The operating result stays negative: a loss of €45,430 in 2026 against €44,469 in 2025; the loss grows.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €820,546
Fixed assets €754,527 ▼ 6.8%
Current assets €66,019 ▼ 5.5%
Key figures and ratios
2026 value · change against 2025
EBITDA
€9,711▼
2025 · €15,528
Cash flow
-€2,200▼
2025 · €4,232
Solvency
-11.2%▼
2025 · -3.9%
Current ratio
0.31▼
2025 · 0.42
Debt to equity
-9.94▲
2025 · -26.53
ROA
-7.0%▼
2025 · -6.3%
Interest coverage
0.82▼
2025 · 1.37
Debt ≤ 1 year
€211,653▲
2025 · €167,332
Debt > 1 year
€700,691▼
2025 · €746,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.6% went bankrupt
3.8% stopped otherwise
93% still going

A further 1.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,242 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 40 lines
Balance sheet Code20252026
Assets
Total assets20/58€879,550€820,546▼
Fixed assets21/28€809,668€754,527▼
Tangible fixed assets22/27€662,168€607,027▼
Land and buildings22€591,431€571,020▼
Plant, machinery and equipment23€61,510€29,414▼
Furniture and vehicles24€9,227€6,593▼
Financial fixed assets28€147,500€147,500=
Current assets29/58€69,882€66,019▼
Amounts receivable within one year40/41€68,461€63,411▼
Trade receivables40€28,500€28,500=
Other amounts receivable41€39,961€34,911▼
Cash at bank and in hand54/58€1,421€2,609▲
Equity and liabilities
Total equity and liabilities10/49€879,550€820,546▼
Equity10/15-€34,456-€91,797▼
Contributions10/11€92,960€92,960=
Reserves13€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000=
Profit (loss) carried forward14-€129,416-€186,758▼
Amounts payable17/49€914,007€912,344▼
Amounts payable after more than one year17€746,675€700,691▼
Financial debts170/4€746,675€700,691▼
Amounts payable within one year42/48€167,332€211,653▲
Current portion of amounts payable after more than one year42€45,727€45,984▲
Trade debts44€226-
Suppliers440/4€226-
Taxes, remuneration and social security45€771€771=
Taxes450/3€771€771=
Other amounts payable47/48€120,607€164,898▲
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,997€55,141▼
Other operating charges640/8€6,927€7,144▲
Gross operating margin9900€22,455€16,855▼
Operating profit (loss)9901-€44,469-€45,430▼
Financial charges65/66B€11,296€11,911▲
Recurring financial charges65€11,296€11,911▲
Profit (loss) for the period before taxes9903-€55,765-€57,341▼
Profit (loss) for the period9904-€55,765-€57,341▼
Profit (loss) for the period to be appropriated9905-€55,765-€57,341▼
Appropriation of the result
Profit (loss) to be appropriated9906-€129,416-€186,758▼
Profit (loss) brought forward from the previous period14P-€73,652-€129,416▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,459€61,665€62,388€59,997€55,141▼ 8.1%
Other operating charges640/8€5,969€6,113€6,696€6,927€7,144▲ 3.1%
Gross operating margin9900€143,325€82,107€12,365€22,455€16,855▼ 24.9%
Operating profit (loss)9901€77,896€14,328-€56,720-€44,469-€45,430▼ 2.2%
Financial income75/76B€3,688-----
Recurring financial income75€3,688-----
Financial charges65/66B€10,784€11,696€10,206€11,296€11,911▲ 5.4%
Recurring financial charges65€10,784€11,696€10,206€11,296€11,911▲ 5.4%
Profit (loss) for the period before taxes9903€70,800€2,633-€66,925-€55,765-€57,341▼ 2.8%
Transfer from deferred taxes780€1,900-----
Profit (loss) for the period9904€72,700€2,633-€66,925-€55,765-€57,341▼ 2.8%
Profit (loss) for the period to be appropriated9905€72,700€2,633-€66,925-€55,765-€57,341▼ 2.8%
Line20222023202420252026Change
Assets
Total assets20/58€1.2m€1.2m€1.2m€879,550€820,546▼ 6.7%
Fixed assets21/28€978,821€924,385€861,996€809,668€754,527▼ 6.8%
Tangible fixed assets22/27€831,321€776,885€714,496€662,168€607,027▼ 8.3%
Land and buildings22€652,666€632,254€611,843€591,431€571,020▼ 3.5%
Plant, machinery and equipment23€173,467€140,707€99,996€61,510€29,414▼ 52.2%
Furniture and vehicles24€5,188€3,923€2,658€9,227€6,593▼ 28.5%
Financial fixed assets28€147,500€147,500€147,500€147,500€147,500=
Current assets29/58€224,541€275,653€313,822€69,882€66,019▼ 5.5%
Amounts receivable within one year40/41€193,402€259,837€312,612€68,461€63,411▼ 7.4%
Trade receivables40€12,000€28,000€18,000€28,500€28,500=
Other amounts receivable41€181,402€231,837€294,612€39,961€34,911▼ 12.6%
Cash at bank and in hand54/58€30,539€15,215€1,210€1,421€2,609▲ 83.5%
Deferred charges and accrued income490/1€600€600----
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m€1.2m€879,550€820,546▼ 6.7%
Equity10/15€85,601€88,234€21,308-€34,456-€91,797▼ 166%
Contributions10/11€92,960€92,960€92,960€92,960€92,960=
Reserves13€2,000€2,000€2,000€2,000€2,000=
Non-distributable reserves130/1€2,000€2,000€2,000€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14-€9,359-€6,726-€73,652-€129,416-€186,758▼ 44.3%
Amounts payable17/49€1.1m€1.1m€1.2m€914,007€912,344▼ 0.2%
Amounts payable after more than one year17€868,997€840,128€791,546€746,675€700,691▼ 6.2%
Financial debts170/4€868,997€840,128€791,546€746,675€700,691▼ 6.2%
Amounts payable within one year42/48€248,764€253,416€362,964€167,332€211,653▲ 26.5%
Current portion of amounts payable after more than one year42€48,990€36,831€43,786€45,727€45,984▲ 0.6%
Trade debts44-€14,543€47,149€226--
Suppliers440/4-€14,543€47,149€226--
Taxes, remuneration and social security45---€771€771=
Taxes450/3---€771€771=
Other amounts payable47/48€199,774€202,041€272,029€120,607€164,898▲ 36.7%
Accrued charges and deferred income492/3-€18,260----
Line20222023202420252026Change
Profit (loss) for the period9904€72,700€2,633-€66,925-€55,765-€57,341▼ 2.8%
+ Depreciation and write-downs630€59,459€61,665€62,388€59,997€55,141▼ 8.1%
Operating cash flow (approximation)€132,159€64,298-€4,537€4,232-€2,200▼ 152%
Investment in fixed assets (approximation)--€7,229€0-€7,669€0▲ 100%
Change in cash--€15,324-€14,005€211€1,187▲ 463%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-10-2027
2026
24-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Weakest financial yearnet -€66,925
Net result drops to -€66,925, the lowest in the series; recovery starts the following year.
2023
28-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial Highest result since 2019net €72,700 ▲547%
Operating result €77,896, net result €72,700, both a record.
2021
11-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Back to profitnet €11,234
Net result €11,234 after 2 loss-making years.
2020
09-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2019
26-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Affligem · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
520 m²
Building footprint
161 m²
Volume, LiDAR
702 m³
Parcel 23030D0119/00Z000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Establishment
NACE 4531002
since 19912.051.399.352
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23030D0119/00Z000 Flanders 520 m² 1 · 161 m² 7.7 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-03-2026 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-03-2026 of TIGLIO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded15-01-1991
Fiscal year end31-03
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.