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Tillman Belgium

Active
Private limited companyfounded 1968active for 58 yearsRubensstraat 163, 2300 Turnhout, BelgiumKBO/BCE: BE 0404.668.261
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 has been stable since 2018 (±1.1% per year). Its solvency ranks better than 31% of 8,965 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

Source: KBO
Status
Active Normal situation
Activity
Wholesale of construction materials, general range NACE 46831and 1 other
Joint committee
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2024
Establishment unit
2.017.653.547 2300 Turnhout, since 01-07-1980
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • Chemische Bouwstoffen TillmanDirector · since 24-06-2010
Auditor
PARMENTIER GUY
Shareholders
  • Tillman International BVannual accounts 2024

Financial position

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%
Employees on 31-12-2024
1
=
  • 2025 accounts not filed, 93 days past the deadline
Filed on 16-12-2025
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 16-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 138 days late; 1 of the last 3 accounts 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 stronger than 43% of micro companies in wholesale trade (NACE 46)
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 within 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% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1% 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 11-2026: 1.1%● unchanged vs 10-2026highest 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 is tight, with a current ratio of 1.34 (1.5 in 2023), below the usual 1.5. Short-term debt is 73.5% and cash 17.6% of total assets. 73.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 37% of them on solvency, 30% on liquidity, 95% on profitability and 12% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 16-12-2025)
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 138 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: 1 FTE, total assets €606,741
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 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
raises risk · 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

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

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

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

Recent changes

  1. · Gazette deed Reappointment: Parmentier Guy (statutory auditor)
  2. · Gazette deed Company renamed from Handelsonderneming Tillman to Tillman BelgiumPermanent representative: Tillmann Roy
All 16 events

Comparable companies

These companies have the same main activity as Tillman Belgium: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €769,000 and €1.7m, founded between 1968 and 1989.

CompanyTotal assetsGross margin
Tillman Belgium Turnhout€0.6m€0.4m
Buisgro Lokeren€1.1m€0.3m
MATERIAUX GROGNARD Vielsalm€1.0m€0.3m
PLASTIC BARA Anderlecht€1.1m€0.4m
BUYSSE BOUWMATERIALEN Evergem€0.8m€0.2m
MATRAMAT Sint-Katelijne-Waver€1.7m€0.5m
HOOYBERGHS Dessel€0.8m€0.3m
Full comparison

Key facts about Tillman Belgium

What is the company number of Tillman Belgium?
The company number of Tillman Belgium is 0404.668.261. The VAT number is the same 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?
The legal form of Tillman Belgium is Private limited company (BV).
When was Tillman Belgium founded?
Tillman Belgium was 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?
Tillman Belgium had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does Tillman Belgium fall under?
In its 2024 annual accounts, Tillman Belgium states joint committee 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid).
What is the turnover of Tillman Belgium?
The turnover in financial year 2024 is ≈ €2.1m. This figure is estimated from the gross margin of €410,931 and 141 comparable companies (NACE 46). It probably lies between €1.3m and €3.5m. 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.

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