Tillman Belgium

Active

Private limited companyfounded 1968active for 58 yearsRubensstraat 163, 2300 Turnhout, BelgiumKBO/BCE: BE 0404.668.261

From the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Tillman Belgium has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €160,676 and a net result of €194,871. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 31% of 8,964 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

Tillman BelgiumActiveChecked score 55/100

Risk analysis Report Compare

Official details

KBO

Status: Active Normal situation
Legal form: Private limited company
Registered office: Rubensstraat 163, 2300 Turnhout
Activity: Wholesale of construction materials, general range NACE 46831and 1 other
Establishment unit: 2.017.653.547 2300 Turnhout, since 01-07-1980
Financial year end: 31 December
Peppol: Reachable since 21-10-2026

Company details

Who decides

Board

Chemische Bouwstoffen TillmanDirector · since 24-06-2010

Auditor: PARMENTIER GUY

Shareholders

Tillman International BVconsolidatesannual accounts 2024

Board & ownership

How it is doing

55 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.1%

Annual accounts 2024

Gross margin: €410,931; ▼ 39.2%
Turnover: ≈ €2.1m; estimated
Profit: €194,871; ▼ 41.9%
Equity: €160,676; ▼ 39.6%
Total assets: €606,741; ▼ 19.6%
Staff: 1 FTE; ▼ 37.5%

2025 accounts not filed, 93 days past the deadline

Filed on 16-12-2025PDF

Financials

Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 16-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 138 days late; 1 of the last 3 latelowers riskFounded in 1968Size: 1 FTE, total assets €606,741Show the evidence

Checked score

Score 2024

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 43% of its sector peers (NACE 46, micro)

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 51-9

equity 26.5% of total assets

Liquidity 32-18

short-term debt 73.5% · cash 17.6%

Profitability 100=

return on assets 32.1%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.2 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.8%▲ +0.3 percentage points vs 11-2025 01-2026: 0.2%▼ -0.6 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.2 percentage points vs 08-2026 10-2026: 1.1%▲ +0.4 percentage points vs 09-2026highest value

Credit of up to €8,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity tight (current ratio 1.34, compared with 1.5 in 2023, below the usual 1.5; short-term debt: 73.5% and cash: 17.6% of total assets), and 73.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 37% on solvency, 30% on liquidity, 95% on profitability and 12% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2024 (filed 16-12-2025)

NBB · annual accounts

Founded in 1968

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

1 financial year not filed after the legal deadline; last filed accounts filed 138 days late; 1 of the last 3 late

NBB · filings

Size: 1 FTE, total assets €606,741

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

2024 accounts filed 138 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

138 days late

2023

13 days late

2022

17 days early

2021

31 days late

2020

65 days late

2019

108 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 56 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Result fell in 2024from €335,189 to €194,871 ▼ 41.9% View
Positive: 7 profitable years in a rowprofit 2024: €194,871 7 years View

Documents

Key facts about Tillman Belgium

What is the company number of Tillman Belgium?: 0404.668.261. In Belgium the VAT number is the company number with BE in front: BE 0404.668.261.
Where is Tillman Belgium based?: The registered office is at Rubensstraat 163, 2300 Turnhout.Company details
What does Tillman Belgium do?: According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
What is the legal form of Tillman Belgium?: Private limited company (BV).
When was Tillman Belgium founded?: On 01-01-1968.
Is Tillman Belgium still active?: Yes, Tillman Belgium is an active enterprise in the KBO register.
How many employees does Tillman Belgium have?: On average 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Tillman Belgium?: ≈ €2.1m in financial year 2024. Estimated from the gross margin of €410,931: probably between €1.3m and €3.5m, based on 141 comparable companies, NACE 46. In financial year 2022 turnover was €3.1m.
Is Tillman Belgium profitable?: In financial year 2024, Tillman Belgium made a profit of €194,871.
Where can I find the annual accounts of Tillman Belgium?: Tillman Belgium filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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Overview