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TILMAN

Active
Public limited companyfounded 199630 yrs activeZone d'activités Sud, Bail. 15, 5377 Somme-Leuze, BelgiumKBO/BCE: BE 0458.493.759
Summary

TILMAN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.8m and a net result of -€1.1m. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability65▲+10
Solvency55▲+4
Growth54▼-2
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.31 in 2024; short-term debt: 41.4% and cash: 1.2% of total assets), and 70.5% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 30 years 0 40 y
raises risk · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · 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
29.5%
Return on assets
-2.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
41 d early
2022
31 d late
2021
11 d early
2020
9 d early
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · 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
27-09-2026 today31-12-2026 close31-07-2027 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

On 15 July 1996, TILMAN was incorporated.1 Revenue went from EUR 36 million in 2018 to EUR 58 million in 2025 and headcount from 161 to 212 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€58.2m▼ 0.6%
2024 · €58.6m
EBIT margin
7.5%▲ 1.0pp
2024 · 6.5%
Net result
-€1.1m▲ 78.9%
2024 · -€5.2m
Working capital
€8.1m▲ 42.9%
2024 · €5.7m
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
Line20212022202320242025
Turnover€39.8m=€49.8m▲ 25.2%€56.7m▲ 13.8%€58.6m▲ 3.4%€58.2m▼ 0.6%
Operating result€3.2m▲ 3.9%€3.6m▲ 13.5%€2.5m▼ 31.1%€3.8m▲ 51.8%€4.4m▲ 14.5%
Net result€1.8m▼ 5.0%€2.0m▲ 13.4%€548,629▼ 72.9%-€5.2m-€1.1m▲ 78.9%
EBIT margin8.1%▲ 0.3pp7.3%▼ 0.8pp4.4%▼ 2.9pp6.5%▲ 2.1pp7.5%▲ 1.0pp
Equity€10.4m▲ 20.7%€12.4m▲ 19.5%€14.2m▲ 14.3%€11.4m▼ 19.5%€12.8m▲ 11.9%
Total assets€33.0m▲ 21.1%€40.7m▲ 23.1%€44.7m▲ 9.9%€44.5m▼ 0.4%€43.2m▼ 2.9%
Debt€22.7m▲ 21.3%€28.3m▲ 24.8%€30.5m▲ 8.0%€33.1m▲ 8.5%€30.5m▼ 8.0%
Working capital€8.9m▼ 1.1%€9.7m▲ 8.5%€5.8m▼ 40.0%€5.7m▼ 2.2%€8.1m▲ 42.9%
Staff (FTE)178.9▼ 1.3%187.3▲ 4.7%204.4▲ 9.1%212.2▲ 3.8%212▼ 0.1%
Why a figure moved sharply
  • 2025 Net result +79% on 2024. Cause not known from the registers.
  • 2023 Net result -73% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€7.5m-€5.0m-€2.5m€0€2.5m€5.0mOperating result 2021: €3.2m€3.2mNet result 2021: €1.8m€1.8mOperating result 2022: €3.6m€3.6mNet result 2022: €2.0m€2.0mOperating result 2023: €2.5m€2.5mNet result 2023: €548,629€548,629Operating result 2024: €3.8m€3.8mNet result 2024: -€5.2m-€5.2mOperating result 2025: €4.4m€4.4mNet result 2025: -€1.1m-€1.1m20212022202320242025-€7.5m-€5m-€2.5m€0€2.5m€5mOperating result 2023: €2.5m€2.5mNet result 2023: €548,629€549,000Operating result 2024: €3.8m€3.8mNet result 2024: -€5.2m-€5.2mOperating result 2025: €4.4m€4.4mNet result 2025: -€1.1m-€1.1m202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.2m
Fixed assets €17.2m ▼ 16.6%
Current assets €26.0m ▲ 9.0%
Equity and liabilities €43.2m
Equity €12.8m ▲ 11.9%
Debt €30.5m ▼ 8.0%
Debt's share of the balance-sheet total falls from 74.4% to 70.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6.4m▲
2024 · €5.6m
Cash flow
€975,825▲
2024 · -€3.5m
Current ratio
1.45▲
2024 · 1.31
Quick ratio
0.92▲
2024 · 0.76
Debt to equity
2.39▼
2024 · 2.90
ROE
-8.7%▲
2024 · -45.9%
ROA
-2.6%▲
2024 · -11.8%
Interest coverage
9.78▼
2024 · 11.65
Debt ≤ 1 year
€17.9m▼
2024 · €18.2m
Debt > 1 year
€12.6m▼
2024 · €14.9m
Income taxes
€1.0m▼
2024 · €1.4m
Staff costs
€17.2m▲
2024 · €16.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 367 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
0.5% went bankrupt
2.2% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 74% 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 367 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 · 2025 against 2024 · 95 lines
Balance sheet Code20242025
Assets
Total assets20/58€44.5m€43.2m▼
Fixed assets21/28€20.7m€17.2m▼
Intangible fixed assets21€732,886€867,929▲
Tangible fixed assets22/27€12.2m€11.9m▼
Land and buildings22€9.6m€9.4m▼
Plant, machinery and equipment23€1.7m€1.8m▲
Furniture and vehicles24€544,084€637,895▲
Leasing and similar rights25€314,000-
Financial fixed assets28€7.7m€4.5m▼
Affiliated companies280/1€7.7m€4.5m▼
Participating interests280€7.7m€4.5m▼
Other financial fixed assets284/8€80,000-
Amounts receivable and cash guarantees285/8€80,000-
Current assets29/58€23.9m€26.0m▲
Stocks and contracts in progress3€10.1m€9.6m▼
Stocks30/36€10.1m€9.6m▼
Raw materials and consumables30/31€6.1m€5.3m▼
Finished goods33€3.8m€4.1m▲
Goods purchased for resale34€216,669€199,517▼
Amounts receivable within one year40/41€11.8m€15.3m▲
Trade receivables40€11.3m€12.1m▲
Other amounts receivable41€479,045€3.2m▲
Current investments50/53€783,156€322,030▼
Own shares50€773,774€312,399▼
Other investments51/53€9,382€9,631▲
Cash at bank and in hand54/58€1.2m€511,337▼
Deferred charges and accrued income490/1-€264,054
Equity and liabilities
Total equity and liabilities10/49€44.5m€43.2m▼
Equity10/15€11.4m€12.8m▲
Contributions10/11€4.3m€6.8m▲
Capital10€4.3m€6.8m▲
Issued capital100€4.3m€6.8m▲
Reserves13€6.9m€7.8m▲
Non-distributable reserves130/1€881,205€419,830▼
Legal reserve130€107,431€107,431=
Own shares acquired1312€773,774€312,399▼
Tax-exempt reserves132€1.5m€1.8m▲
Distributable reserves133€4.6m€5.5m▲
Profit (loss) carried forward14--€1.9m
Investment grants15€191,633€159,487▼
Amounts payable17/49€33.1m€30.5m▼
Amounts payable after more than one year17€14.9m€12.6m▼
Financial debts170/4€14.8m€12.5m▼
Subordinated loans170€5.0m€4.2m▼
Credit institutions173€9.4m€7.9m▼
Other loans174€475,855€475,855=
Other amounts payable178/9€86,400€72,000▼
Amounts payable within one year42/48€18.2m€17.9m▼
Current portion of amounts payable after more than one year42€2.6m€2.4m▼
Financial debts43€3.8m€5.3m▲
Credit institutions430/8€3.8m€5.3m▲
Trade debts44€6.7m€5.8m▼
Suppliers440/4€6.7m€5.8m▼
Advances received on contracts in progress46€96,550€20,000▼
Taxes, remuneration and social security45€4.1m€4.0m▼
Taxes450/3€1.9m€1.5m▼
Remuneration and social security454/9€2.3m€2.4m▲
Other amounts payable47/48€865,696€474,157▼
Income statement Code20242025
Operating income70/76A€58.4m€59.1m▲
Turnover70€58.6m€58.2m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€1.0m€344,073▲
Other operating income74€767,561€539,381▼
Non-recurring operating income76A€43,922€9,136▼
Operating charges60/66A€54.6m€54.8m▲
Goods for resale, raw materials and consumables60€17.2m€16.2m▼
Purchases600/8€16.7m€15.4m▼
Change in stocks: decrease (increase)609€543,505€804,328▲
Services and other goods61€19.4m€19.1m▼
Remuneration, social security and pensions62€16.1m€17.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.8m€2.1m▲
Other operating charges640/8€113,670€224,075▲
Non-recurring operating charges66A€2,615€5,672▲
Operating profit (loss)9901€3.8m€4.4m▲
Financial income75/76B€249,313€95,846▼
Recurring financial income75€249,313€95,846▼
Income from current assets751€15,362-
Other financial income752/9€233,951€95,846▼
Financial charges65/66B€7.9m€4.5m▼
Recurring financial charges65€1.5m€1.3m▼
Debt charges650€478,840€659,459▲
Other financial charges652/9€1.0m€685,646▼
Non-recurring financial charges66B€6.4m€3.2m▼
Profit (loss) for the period before taxes9903-€3.8m-€67,163▲
Income taxes67/77€1.4m€1.0m▼
Taxes670/3€1.4m€1.0m▼
Profit (loss) for the period9904-€5.2m-€1.1m▲
Transfer from tax-exempt reserves789€778,850€521,584▼
Transfer to tax-exempt reserves689€421,000€842,000▲
Profit (loss) for the period to be appropriated9905-€4.9m-€1.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4.9m-€1.4m▲
Transfer from equity791/2€4.9m-
From reserves792€4.9m-
Transfer to equity691/2-€521,584
To other reserves6921-€521,584
Social balance
Average headcount (FTE)9087212.2212.0▼

The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€39.9m€51.7m€59.2m€58.4m€59.1m▲ 1.2%
Turnover70€39.8m€49.8m€56.7m€58.6m€58.2m▼ 0.6%
Change in stocks of work in progress, finished goods and contracts in progress71-€575,568€1.1m€1.9m-€1.0m€344,073▲ 134%
Other operating income74€768,777€599,384€489,975€767,561€539,381▼ 29.7%
Non-recurring operating income76A€1,081€253,575€183,131€43,922€9,136▼ 79.2%
Operating charges60/66A€36.7m€48.1m€56.7m€54.6m€54.8m▲ 0.3%
Goods for resale, raw materials and consumables60€10.2m€15.4m€20.0m€17.2m€16.2m▼ 6.0%
Purchases600/8€9.8m€17.7m€20.5m€16.7m€15.4m▼ 7.8%
Change in stocks: decrease (increase)609€402,605-€2.3m-€571,973€543,505€804,328▲ 48.0%
Services and other goods61€13.3m€17.1m€19.1m€19.4m€19.1m▼ 1.4%
Remuneration, social security and pensions62€11.2m€13.7m€15.8m€16.1m€17.2m▲ 6.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.9m€1.9m€1.7m€1.8m€2.1m▲ 18.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€69,868-----
Other operating charges640/8€85,273€85,723€108,326€113,670€224,075▲ 97.1%
Non-recurring operating charges66A€18,861€3,240€2,379€2,615€5,672▲ 117%
Operating profit (loss)9901€3.2m€3.6m€2.5m€3.8m€4.4m▲ 14.5%
Financial income75/76B€31,991€119,695€384,377€249,313€95,846▼ 61.6%
Recurring financial income75€31,991€119,695€384,377€249,313€95,846▼ 61.6%
Income from current assets751---€15,362--
Other financial income752/9€31,991€119,695€384,377€233,951€95,846▼ 59.0%
Financial charges65/66B€815,558€1.5m€1.9m€7.9m€4.5m▼ 42.4%
Recurring financial charges65€815,558€1.5m€1.9m€1.5m€1.3m▼ 10.0%
Debt charges650€156,118€226,581-€478,840€659,459▲ 37.7%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€613,466-----
Other financial charges652/9€45,974€1.3m€1.9m€1.0m€685,646▼ 32.5%
Non-recurring financial charges66B---€6.4m€3.2m▼ 50.0%
Profit (loss) for the period before taxes9903€2.4m€2.3m€985,141-€3.8m-€67,163▲ 98.2%
Income taxes67/77€647,945€267,442€436,512€1.4m€1.0m▼ 27.7%
Taxes670/3€848,456€831,000€723,541€1.4m€1.0m▼ 27.7%
Tax adjustments and reversals of tax provisions77€200,511€563,558€287,029---
Profit (loss) for the period9904€1.8m€2.0m€548,629-€5.2m-€1.1m▲ 78.9%
Transfer from tax-exempt reserves789-€477,835-€778,850€521,584▼ 33.0%
Transfer to tax-exempt reserves689€842,000€631,500-€421,000€842,000▲ 100%
Profit (loss) for the period to be appropriated9905€940,860€1.9m€548,629-€4.9m-€1.4m▲ 70.8%
Line20212022202320242025Change
Assets
Total assets20/58€33.0m€40.7m€44.7m€44.5m€43.2m▼ 2.9%
Fixed assets21/28€12.9m€17.6m€20.8m€20.7m€17.2m▼ 16.6%
Intangible fixed assets21€1.2m€966,997€732,461€732,886€867,929▲ 18.4%
Tangible fixed assets22/27€6.6m€8.3m€8.6m€12.2m€11.9m▼ 2.4%
Land and buildings22€5.2m€6.2m€6.2m€9.6m€9.4m▼ 2.3%
Plant, machinery and equipment23€1.1m€1.6m€1.5m€1.7m€1.8m▲ 8.5%
Furniture and vehicles24€189,507€199,933€384,655€544,084€637,895▲ 17.2%
Leasing and similar rights25€156,098--€314,000--
Assets under construction and advance payments27-€220,093€530,885---
Financial fixed assets28€5.0m€8.4m€11.5m€7.7m€4.5m▼ 42.2%
Affiliated companies280/1€5.0m€8.3m€11.5m€7.7m€4.5m▼ 41.6%
Participating interests280€5.0m€8.3m€11.5m€7.7m€4.5m▼ 41.6%
Other financial fixed assets284/8-€80,000€80,000€80,000--
Amounts receivable and cash guarantees285/8-€80,000€80,000€80,000--
Current assets29/58€20.2m€23.1m€23.9m€23.9m€26.0m▲ 9.0%
Stocks and contracts in progress3€5.7m€9.1m€11.6m€10.1m€9.6m▼ 4.6%
Stocks30/36€5.7m€9.1m€11.6m€10.1m€9.6m▼ 4.6%
Raw materials and consumables30/31€3.9m€6.1m€6.6m€6.1m€5.3m▼ 13.0%
Finished goods33€1.8m€2.9m€4.8m€3.8m€4.1m▲ 9.1%
Goods purchased for resale34-€166,265€199,681€216,669€199,517▼ 7.9%
Amounts receivable within one year40/41€8.6m€10.9m€10.9m€11.8m€15.3m▲ 29.8%
Trade receivables40€8.0m€9.7m€10.0m€11.3m€12.1m▲ 7.2%
Other amounts receivable41€635,738€1.2m€846,973€479,045€3.2m▲ 562%
Current investments50/53€2.3m€1.9m€1.0m€783,156€322,030▼ 58.9%
Own shares50€2.3m€1.9m€1.0m€773,774€312,399▼ 59.6%
Other investments51/53€9,329€5,462€5,485€9,382€9,631▲ 2.7%
Cash at bank and in hand54/58€3.6m€1.1m€353,336€1.2m€511,337▼ 58.3%
Deferred charges and accrued income490/1--€54-€264,054-
Equity and liabilities
Total equity and liabilities10/49€33.0m€40.7m€44.7m€44.5m€43.2m▼ 2.9%
Equity10/15€10.4m€12.4m€14.2m€11.4m€12.8m▲ 11.9%
Contributions10/11€800,000€800,000€1.8m€4.3m€6.8m▲ 58.1%
Capital10€800,000€800,000€1.8m€4.3m€6.8m▲ 58.1%
Issued capital100€800,000€800,000€1.8m€4.3m€6.8m▲ 58.1%
Reserves13€9.6m€9.7m€12.2m€6.9m€7.8m▲ 12.2%
Non-distributable reserves130/1€2.4m€2.0m€1.1m€881,205€419,830▼ 52.4%
Legal reserve130€80,000€80,000€107,431€107,431€107,431=
Own shares acquired1312€2.3m€1.9m€1.0m€773,774€312,399▼ 59.6%
Tax-exempt reserves132€1.7m€1.8m€1.8m€1.5m€1.8m▲ 21.7%
Distributable reserves133€5.5m€5.9m€9.2m€4.6m€5.5m▲ 21.6%
Profit (loss) carried forward14-€1.9m---€1.9m-
Investment grants15--€222,533€191,633€159,487▼ 16.8%
Amounts payable17/49€22.7m€28.3m€30.5m€33.1m€30.5m▼ 8.0%
Amounts payable after more than one year17€11.2m€14.4m€12.2m€14.9m€12.6m▼ 15.8%
Financial debts170/4€10.6m€14.3m€12.1m€14.8m€12.5m▼ 15.8%
Subordinated loans170-€4.2m€3.4m€5.0m€4.2m▼ 17.1%
Unsubordinated bonds171€2.1m-----
Leasing and similar obligations172€263,128€102,356----
Credit institutions173-€9.5m€8.2m€9.4m€7.9m▼ 15.8%
Other loans174€8.3m€505,529€512,683€475,855€475,855=
Other amounts payable178/9€551,784€115,200€100,800€86,400€72,000▼ 16.7%
Amounts payable within one year42/48€11.3m€13.4m€18.1m€18.2m€17.9m▼ 1.7%
Current portion of amounts payable after more than one year42€2.1m€2.0m€2.7m€2.6m€2.4m▼ 7.5%
Financial debts43€917,010€2.5m€4.8m€3.8m€5.3m▲ 38.5%
Credit institutions430/8€917,010€2.5m€4.8m€3.8m€5.3m▲ 38.5%
Trade debts44€4.0m€5.8m€6.8m€6.7m€5.8m▼ 13.9%
Suppliers440/4€4.0m€5.8m€6.8m€6.7m€5.8m▼ 13.9%
Advances received on contracts in progress46---€96,550€20,000▼ 79.3%
Taxes, remuneration and social security45€1.5m€2.6m€3.2m€4.1m€4.0m▼ 4.2%
Taxes450/3€148,456€733,559€1.1m€1.9m€1.5m▼ 17.1%
Remuneration and social security454/9€1.3m€1.9m€2.2m€2.3m€2.4m▲ 6.3%
Other amounts payable47/48€2.8m€459,823€419,772€865,696€474,157▼ 45.2%
Accrued charges and deferred income492/3€233,000€432,000€276,000---
Line20212022202320242025Change
Profit (loss) for the period9904€1.8m€2.0m€548,629-€5.2m-€1.1m▲ 78.9%
+ Depreciation and write-downs630€1.9m€1.9m€1.7m€1.8m€2.1m▲ 18.2%
Operating cash flow (approximation)€3.7m€3.9m€2.2m-€3.5m€975,825▲ 128%
Investment in fixed assets (approximation)--€6.6m-€4.9m-€1.6m€1.3m▲ 184%
Change in cash--€2.5m-€751,964€874,284-€716,283▼ 182%

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 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€5.2m
Net result drops to -€5.2m, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial Highest result since 2018net €2.0m ▲13.4%
Net result €2.0m, the highest in the series.
20-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €10mEq €10.4m ▲20.7%
3 profitable years in a row build equity to €10.4m.
22-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
26-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial Back to profitnet €225,146
Net result €225,146 after one loss-making year.
14-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
14-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts

We know of 14 Belgian State Gazette acts for this company. None of them has 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
14 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, Somme-Leuze · 4 establishment units since 1999
seat establishment All 4 establishment units on the map
Ground area
2.4 ha
Building footprint
6,422 m²
4 parcels, Wallonia. Linked by address, not a title deed.
4 establishment units
TILMAN S.A.
Zone d'activités Sud, Bail. 15, 5377 Somme-LeuzeNACE 51370
since 19992.078.871.930
TILMAN S.A.
Zone d'activités Nord, Bail. 1, 5377 Somme-LeuzeWholesale trade
since 20102.199.441.445
TILMAN S.A.
Zone d'activités Sud, Bail. 1, 5377 Somme-LeuzeWarehousing and storage
since 20212.314.471.864
TILMAN S.A.
Zone d'activités Nord, Bail. 37, 5377 Somme-LeuzeWarehousing and storage
since 20242.367.609.850
4 parcels
Wallonia 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91101E0416/00B002 Wallonia 9,246 m² 1 · 3,234 m² -
91010B0133/00E002 Wallonia 8,213 m² 1 · 3,121 m² -
91101E0432/00X003 Wallonia 4,337 m² 1 · 67 m² -
91010B0138/00D000 Wallonia 2,171 m² - -
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.

Structure & network

Owners and holdings

1 owner · 3 holdings

Owners 1

Holdings 3

According to the 2025 annual accounts of TILMAN 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.

Recognitions · licences · registrations

Food safety, FASFC

3 sites
Somme-Leuze2.078.871.930
4 permissions
Groothandelaar LM>3 maand · since 14-12-2016
Toelating · Fabrikant voedingssupplementen · since 01-01-2006
Toelating · Koffiebranderij, fabrikant thee · since 01-01-2006
and 1 more
Somme-Leuze2.367.609.850
3 permissions
Groothandelaar LM>3 maand · since 17-08-2026
Toelating · Verpakker levensmiddelen · since 17-08-2026
Opslag kamer t° levensmiddelen · since 15-11-2024
Somme-Leuze2.199.441.445
1 permission
Toelating · Fabrikant voedingssupplementen · since 16-04-2018

Legal Entity Identifier

64885W168FM9BKK64C04
live in the LEI register

Similar companies · same sector, comparable size

Of 5,220 companies in sector 47730 we hold annual accounts for 3,860. 209 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-07-1996
Fiscal year end31-12
Activities, NACEBEL 2025
21201Manufacture of basic pharmaceutical products and pharmaceutical preparations
47730Retail sale of pharmaceutical products
Contact
Phone ++3284320360
Fax ++3284320375
E-mail sw@tilman.beSomme-Leuze
Phone 084320360Somme-Leuze
Fax 084320375Somme-Leuze
E-invoicing
Reachable via Peppol
Peppol ID 0208:0458493759
Also 9925:BE0458493759
Registered 15-09-2025

Register as of 26 September 2026 · Peppol Directory

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