Equity
€71,911 ▲ 351%
Equity rose in 2025 from €15,936 to €71,911.
TILMAN CONCEPTION
Overview
Lifetime
2 annual accounts with figures on one time axispeak €99,375 (2025)
€99,375▲ 141%
peak €55,975 (2025)
€55,975▲ 350%
peak €71,911 (2025)
€71,911▲ 351%
€105,298▲ 36.5%
Board1 name since 2023
1 directorTILMAN Louis Florent Nathan
Documentsfilings and deeds
18-07-202613 days before the deadline
2025micro format
Gross margin from €41,162 to €99,375Result from €12,436 to €55,975Equity from €15,936 to €71,911Debts from €77,155 to €105,298Cash from €39,252 to €54,622
Key points
from the 2025 annual accountsTurnover
≈ €300,000 estimated
The micro format states no turnover.
Position in the sector
€55,975
Higher net result than 85% of companies in fabricated metal products. Sector median €12,151 · 2,341 companies.
Checked score
72
Healthy
Financially stronger than 77% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.6%▲ +0.3 percentage points vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.9%▲ +0.3 percentage points vs 02-2025
04-2025: 2.9%● unchanged vs 03-2025
05-2025: 2.8%▼ -0.1 percentage points vs 04-2025
06-2025: 2.9%▲ +0.1 percentage points vs 05-2025
07-2025: 3.2%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.9%▼ -2.3 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.8%▼ -0.1 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €177,209
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Liquidity: current ratio 2.05, cash €54,622
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 25, micro). It does better than 44% of them on solvency, 72% on liquidity, 94% on profitability and 98% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as TILMAN CONCEPTION has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TILMAN CONCEPTION itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for TILMAN CONCEPTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (1.46 in 2024), above the usual 1.5. Short-term debt is 37.1% and cash 30.8% of total assets. However, 59.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 18-07-2026, 13 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
13 days early
2024
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 20 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804429611
Incorporation
Founding capital of €5,000, 100 shares · Founder: TILMAN Louis Florent Nathan · Appointment: TILMAN Louis Florent Nathan (director) · published on 02-08-2023 · Gazette deed
First establishment
Rue de la Costerie 8, Clavier
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TILMAN CONCEPTION Clavier | €177,209 | €99,375 | 40.6% | - |
| MONTAGE & SERVICETECHNIK HANSEN Eupen | €212,886 | €84,216 | 31.4% | - |
| Metaalconstructie Davy Cuyle Roeselare | €177,869 | €107,580 | 38.3% | - |
| Jacob Pipeline Service Bruges | €147,193 | €97,663 | 68.7% | - |
| Capri Wijnegem | €170,147 | €79,203 | 43.4% | - |
| EK METALS Genk | €203,870 | €82,838 | 68.9% | - |
| Eco Pro Tech Halle | €194,109 | €90,646 | 64.8% | - |
These companies have the same main activity as TILMAN CONCEPTION: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €147,000 and €213,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 31-07-2023Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Establishment unit
- 2.348.619.7254560 Clavier, since 31-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-09-2025
Annual accounts 2025
- €99,375▲ 141%
- €55,975▲ 350%
- €71,911▲ 351%
- €177,209▲ 90.4%
- Filing
- Filed on 18-07-2026, 13 days before the end of the filing period
Insights on TILMAN CONCEPTION
TILMAN CONCEPTION has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,911 and a net result of €55,975.
Its solvency ranks better than 46% of 2,341 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-07-2026, 13 days before the deadline€99,375
▲ 141%
€82,466
▲ 286%
€55,975
▲ 350%
€68,700
▲ 430%
40.6%
▲ 23.5 percentage points
2.05
▲ 0.58
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €300,000. Estimated: probably between €200,000 and €520,000.
Balance sheet
balance sheet total €177,209 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
40.6%
Higher than 46% of 2,341 companies in 2025.
2.05
Higher than 59% of 2,307 companies in 2025.
31.6%
Higher than 90% of 2,321 companies in 2025.
TILMAN CONCEPTION
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
177,209 | 93,091 | |
21/28 |
42,819 | 52,110 | |
21 |
778 | 1,037 | |
22/27 |
42,041 | 51,073 | |
23 |
40,984 | 50,867 | |
24 |
1,057 | 206 | |
29/58 |
134,390 | 40,981 | |
40/41 |
78,903 | 1,312 | |
40 |
70,896 | - | |
41 |
8,007 | 1,312 | |
54/58 |
54,622 | 39,252 | |
490/1 |
865 | 417 | |
| Balance sheet: equity and liabilities | |||
10/49 |
177,209 | 93,091 | |
10/15 |
71,911 | 15,936 | |
10/11 |
3,500 | 3,500 | |
13 |
68,411 | 12,436 | |
133 |
68,411 | 12,436 | |
17/49 |
105,298 | 77,155 | |
17 |
39,598 | 49,078 | |
170/4 |
39,598 | 49,078 | |
42/48 |
65,690 | 28,007 | |
42 |
9,480 | 12,756 | |
44 |
17,873 | 5,547 | |
440/4 |
17,873 | 5,547 | |
45 |
27,169 | 7,008 | |
450/3 |
27,169 | 5,408 | |
454/9 |
- | 1,600 | |
47/48 |
11,168 | 2,696 | |
492/3 |
10 | 70 | |
| Income statement | |||
9900 |
99,375 | 41,162 | |
630 |
16,526 | 19,671 | |
640/8 |
383 | 149 | |
9901 |
82,466 | 21,342 | |
75/76B |
152 | 239 | |
75 |
152 | 239 | |
65/66B |
5,029 | 5,238 | |
65 |
5,029 | 5,238 | |
9903 |
77,589 | 16,343 | |
67/77 |
21,614 | 3,907 | |
9904 |
55,975 | 12,436 | |
9905 |
55,975 | 12,436 | |
| Appropriation of the result | |||
9906 |
55,975 | 12,436 | |
691/2 |
55,975 | 12,436 | |
6921 |
55,975 | 12,436 | |
| Document | |||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 98,992 | 41,013 | ||
| 72,501 | 32,107 | ||
| 7,235 | 71,781 | ||
| 15,370 | - | ||
| 68,700 | 12,974 | ||
| 40.6% | 17.1% | ||
| 2.05 | 1.46 | ||
| 1.46 | 4.84 | ||
| 77.8% | 78.0% | ||
| 31.6% | 13.4% | ||
| 19.68 | 7.83 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €7,235 | €70,485 |
| Intangible fixed assets | - | €1,296 |
| €16,526 | €19,671 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on TILMAN CONCEPTION
The operating result for 2025 is nearly 3.9 times that of 2024.
Debt's share of the balance-sheet total falls from 82.9% to 59.4%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 02-08-2023
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 02-08-2023
Mandates through the years
1 name, the dashed line is todayTILMAN Louis Florent Nathan
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- TILMAN Louis Florent Nathan
- Director (not named in the articles), appointed by deed of 02-08-2023, still in office
Control
Founder
This company
TILMAN CONCEPTION
Equity €71,911
Profit €55,975 in 2025
Capital
- Contribution
- €3,500
- Shares
- 100
- Contribution per share
- €35
- Equity per share
- €719 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 02-08-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 02-08-2023 ↗
- TILMAN Louis Florent Nathan 100 shares (100%) · in cash
Capital transactions
Capital over time
- 02-08-2023 Incorporation · €5,000
- 02-08-2023 Incorporation · €5,000 · 100 shares
Network & group
No group
TILMAN CONCEPTION has no parent and no holdings in its annual accounts. TILMAN Louis Florent Nathan is the only director. TILMAN CONCEPTION shares no director with another company.
At the same address
Rue de la Costerie 8, 4560 Clavier · 2 other companies| Lheureux, Claire (sole trader)
establishment since 01-04-2023 |
founded in 2023 0799.657.112 |
| Tilman, Louis (sole trader)
establishment since 01-10-2021 |
founded in 2021 0774.366.836 |
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 13 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804429611
Annual accounts 2024 filed PDFmicro format · 27 days before the deadline
2023
IncorporationFounding capital of €5,000, 100 shares · Founder: TILMAN Louis Florent Nathan · Appointment: TILMAN Louis Florent Nathan (director) · published on 02-08-20236 points ▸
- Founder, TILMAN Louis Florent Nathan
- Founding capital, €5,000
- Founding capital, €5,000, 100 shares
- Registered office clause, rue de la Costerie 8, 4560 Clavier
- Board rule, 1
- Director appointment, TILMAN Louis Florent Nathan (director (not named in the articles))
- The deed holds 4 more points.
First establishment Rue de la Costerie 8, Clavier
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
TILMAN CONCEPTION was incorporated on 31 July 2023 as a private limited company by one natural person, with a starting capital of €5,000.12 TILMAN Louis Florent Nathan is director of the company, appointed by deed of 02-08-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0804.429.611
- VAT number
- BE 0804.429.611
- Peppol ID
- 0208:0804429611
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 31-07-2023
- Financial year
- ends on 31 December
- Peppol
- Reachable since 06-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TILMAN CONCEPTION in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-08-2023 (in French)
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités relatives aux travaux de la forge, de la ferronnerie du bâtiment et de la maçonnerie; La réalisation, la livraison et la…”deed of 02-08-2023 (in French)
15 activities
- Toutes activités relatives aux travaux de la forge, de la ferronnerie du bâtiment et de la maçonnerie
- La réalisation, la livraison et la pose d’ouvrages en fer forgé, acier, aluminium, et autres métaux, ou en bois, tels que portails, portillons, grilles, clôtures, etc…
- La réalisation, la livraison et la pose de garde-corps, garde-fous, rambardes, balustrades, rampes d’escaliers, etc., en fer forgé, acier, inox, laiton, etc.
- La réalisation et l’aménagement de terrasses, de clôtures, de parcs et jardins
- La réalisation, la livraison et la pose de mobiliers intérieurs et extérieurs en métal et/ou en bois
- La production et le montage de pièces forgées pour la construction
- La fabrication de cadres métalliques ou d’ossatures pour la construction et pour l’industrie, de constructions préfabriquées en métaux et de tous articles métalliques ou partiellement métalliques
- La production pour des tiers de pièces forgées en métaux
- La réparation d’ouvrages en métaux
- Le perçage, le tournage, le fraisage, l’arasage, le rabotage, le rodage, le brochage, le dressage, le sciage, le meulage et l’affûtage de pièces métalliques
- La réalisation de travaux d’entretien et réparations mécaniques, l’estampage et le profilage de métaux, la métallurgie des poudres, les activités de maréchaux-ferrants
- Les travaux de préparation des sites
- L’exploitation de gites
- La rénovation et la vente d’immeubles
- L’acquisition et la gestion, pour son propre compte, d’un patrimoine immobilier ; toutes opérations en rapport avec des biens immobiliers et des droits réels immobiliers, tels que la location-vente de biens immobiliers à des tiers, l’achat, la vente, l’échange, la construction, la transformation, l’entretien, la location, le lotissement, la prospection et l’exploitation de biens immobiliers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Costerie 8 registered office 4560 Clavier | 31-07-2023 | 2.348.619.725 |
Buildings and parcels at the address
- Ground area
- 3.4 ha
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 61008C0045/00L000 | 3.4 ha | - | - |