Tillie Tools

Active

Private limited companyfounded 20233 yrs activeOostendestraat 26, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0802.740.326

The computed 12-month bankruptcy probability of Tillie Tools is 2.0% (moderate). The 2025 annual accounts show equity of €36k and a net result of €16k. Its solvency ranks better than 38% of 18016 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

58 / 100

Fair= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency29▲+11

Growth52

Stability94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.12 against 1.02 in 2024), and 79.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.6%

Return on assets

9.3%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

25 d late

2024

27 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€36k▲ 74.7%

2024 · €21k

2024: €21k

2024 → 2025

Total assets

€176k▼ 9.7%

2024 · €195k

2024: €195k

2024 → 2025

Net result

€16k▼ 1.4%

2024 · €17k

2024: €17k

2024 → 2025

Working capital

€16k▲ 433%

2024 · €3k

2024: €3k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€21k-€36k▲ 74.7%

Operating result€24k-€29k▲ 20.0%

Net result€17k-€16k▼ 1.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 20% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €176k

11%

88.6%

Fixed assets €20k▲ 13.6%

Current assets €156k▼ 12.0%

Equity and liabilities €176k

20.6%

79.4%

Equity €36k▲ 74.7%

Debt €140k▼ 19.8%

The debt ratio falls from 89.4% to 79.4%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€31k▲

2024 · €26k

Cash flow

€19k▼

2024 · €19k

Solvency

20.6%▲

2024 · 10.6%

Current ratio

1.12▲

2024 · 1.02

Quick ratio

0.56▲

2024 · 0.43

Debt / equity

3.86▼

2024 · 8.41

ROE

45.1%▼

2024 · 79.9%

ROA

9.3%▲

2024 · 8.5%

Interest coverage

3.68▼

2024 · 3.92

Debt

€140k▼

2024 · €174k

Debt ≤ 1 year

€140k▼

2024 · €174k

Income taxes

€4k▲

2024 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€195k€176k▼

Fixed assets21/28€18k€20k▲

Intangible fixed assets21€14k€16k▲

Tangible fixed assets22/27€3k€4k▲

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€2k€3k▲

Current assets29/58€177k€156k▼

Stocks and contracts in progress3€103k€78k▼

Stocks30/36€103k€78k▼

Amounts receivable within one year40/41€35k€44k▲

Trade receivables40€34k€33k▼

Other amounts receivable41€1k€11k▲

Cash at bank and in hand54/58€38k€33k▼

Deferred charges and accrued income490/1€2k€1k▼

Equity and liabilities

Total equity and liabilities10/49€195k€176k▼

Equity10/15€21k€36k▲

Contributions10/11€5k€5k=

Reserves13€16k€31k▲

Distributable reserves133€16k€31k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€174k€140k▼

Amounts payable within one year42/48€174k€140k▼

Financial debts43€100k€75k▼

Credit institutions430/8€100k€75k▼

Trade debts44€35k€21k▼

Suppliers440/4€35k€21k▼

Taxes, remuneration and social security45€4k€8k▲

Taxes450/3€4k€8k▲

Other amounts payable47/48€36k€35k▼

Accrued charges and deferred income492/3-€58

Income statement Code20242025

Non-recurring operating income76A-€10k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€1k€1k▼

Gross operating margin9900€28k€33k▲

Operating profit (loss)9901€24k€29k▲

Financial income75/76B€3k€421▼

Recurring financial income75€3k€421▼

Financial charges65/66B€7k€9k▲

Recurring financial charges65€7k€9k▲

Profit (loss) for the period before taxes9903€20k€21k▲

Income taxes67/77€4k€4k▲

Profit (loss) for the period9904€17k€16k▼

Profit (loss) for the period to be appropriated9905€17k€16k▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€16k▼

Transfer to equity691/2€16k€15k▼

To other reserves6921€16k€15k▼

Profit to be distributed694/7€833€833=

Return on contributions (dividend)694€833€833=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 25 days late

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

NBB filing

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, Nieuwpoort · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Oostendestraat 268620 Nieuwpoort

Ground area

202 m²

Building footprint

125 m²

Volume, LiDAR

891 m³

Parcel 38016B0112/00X000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Tillie Tools

Oostendestraat 26, 8620 NieuwpoortManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20232.347.463.148

1 parcel

Flanders 1 (100%)