TILT
ActiveSummary
TILT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€468,330) and a net result of -€168,139. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20=
Solvency6▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.61 against 25.54 in 2024; short-term debt: 17.8% and cash: 0% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-19.3%
Return on assets
-6.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€468,330
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
97 d late
2023
155 d early
2022
31 d late
2021
9 d late
2020
17 d early
2019
28 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 3 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€168,139▼ 17.5%
2024 · -€143,115
Working capital
€2.0m▲ 2.3%
2024 · €2.0m
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
Operating result-€15,507▼ 57.6%-€20,833▼ 34.3%-€54,191▼ 160%€0
Net result-€31,588▼ 20.2%-€38,153▼ 20.8%-€95,412▼ 150%-€143,115▼ 50.0%-€168,139▼ 17.5%
Equity-€23,511-€61,664▼ 162%-€157,075▼ 155%-€300,191▼ 91.1%-€468,330▼ 56.0%
Total assets€1.3m=€1.3m▼ 0.1%€1.3m▲ 0.3%€2.0m▲ 60.9%€2.4m▲ 19.6%
Debt€1.3m▲ 2.5%€1.3m▲ 2.9%€1.4m▲ 7.6%€2.3m▲ 64.3%€2.9m▲ 24.3%
Working capital€728,169▼ 4.3%€689,136▼ 5.4%€592,925▼ 14.0%€2.0m▲ 229%€2.0m▲ 2.3%
Why a figure moved sharply
- 2025 Equity -56% on 2024. Cause not known from the registers.
- 2024 Equity -91%, Total assets +61% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result is zero in 2024, compared with -€54,191 in 2023.
Key figures and ratios
Solvency
-19.3%▼
2024 · -14.8%
Current ratio
5.61▼
2024 · 25.54
Quick ratio
0.07▼
2024 · 3.22
Debt to equity
-6.19▲
2024 · -7.77
ROA
-6.9%▲
2024 · -7.0%
Debt ≤ 1 year
€433,624▲
2024 · €79,549
Debt > 1 year
€2.4m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
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%.
| 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 1,217 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €22,662 | €22,804 | €26,640 | €3,995 | €58,912 | ▲ 1,375% |
| Gross operating margin9900 | €7,156 | €1,971 | -€27,551 | €3,995 | €58,912 | ▲ 1,375% |
| Operating profit (loss)9901 | -€15,507 | -€20,833 | -€54,191 | €0 | - | - |
| Financial charges65/66B | €16,081 | €17,320 | €41,221 | €143,115 | €168,139 | ▲ 17.5% |
| Recurring financial charges65 | €16,081 | €17,320 | €41,221 | €143,115 | €168,139 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | -€31,588 | -€38,153 | -€95,412 | -€143,115 | -€168,139 | ▼ 17.5% |
| Profit (loss) for the period9904 | -€31,588 | -€38,153 | -€95,412 | -€143,115 | -€168,139 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | -€31,588 | -€38,153 | -€95,412 | -€143,115 | -€168,139 | ▼ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €2.0m | €2.4m | ▲ 19.6% |
| Current assets29/58 | €1.3m | €1.3m | €1.3m | €2.0m | €2.4m | ▲ 19.6% |
| Stocks and contracts in progress3 | €1.3m | €1.3m | €1.3m | €1.8m | €2.4m | ▲ 35.1% |
| Stocks30/36 | €1.3m | €1.3m | €1.3m | €1.8m | €2.4m | ▲ 35.1% |
| Amounts receivable within one year40/41 | - | - | €4,767 | €116,908 | €32,037 | ▼ 72.6% |
| Trade receivables40 | - | - | - | €91,451 | - | - |
| Other amounts receivable41 | - | - | €4,767 | €25,457 | €32,037 | ▲ 25.8% |
| Cash at bank and in hand54/58 | €2,130 | €531 | €0 | €138,963 | €108 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | €250 | €272 | €392 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €2.0m | €2.4m | ▲ 19.6% |
| Equity10/15 | -€23,511 | -€61,664 | -€157,075 | -€300,191 | -€468,330 | ▼ 56.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€85,011 | -€123,164 | -€218,575 | -€361,691 | -€529,830 | ▼ 46.5% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €2.3m | €2.9m | ▲ 24.3% |
| Amounts payable after more than one year17 | €751,680 | €750,800 | €750,000 | €2.2m | €2.4m | ▲ 9.6% |
| Financial debts170/4 | €750,000 | €750,000 | €750,000 | €2.2m | €2.4m | ▲ 9.6% |
| Other amounts payable178/9 | €1,680 | €800 | €0 | - | - | - |
| Amounts payable within one year42/48 | €531,580 | €569,036 | €669,604 | €79,549 | €433,624 | ▲ 445% |
| Financial debts43 | - | - | €11,204 | €0 | - | - |
| Credit institutions430/8 | - | - | €11,204 | €0 | - | - |
| Trade debts44 | €15,780 | €23,516 | €49,887 | €79,549 | €433,624 | ▲ 445% |
| Suppliers440/4 | €15,780 | €23,516 | €49,887 | €79,549 | €433,624 | ▲ 445% |
| Taxes, remuneration and social security45 | - | - | €367 | €0 | - | - |
| Taxes450/3 | - | - | €367 | €0 | - | - |
| Other amounts payable47/48 | €515,800 | €545,520 | €608,146 | €0 | - | - |
| Accrued charges and deferred income492/3 | €0 | - | - | €26,073 | €26,073 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,588 | -€38,153 | -€95,412 | -€143,115 | -€168,139 | ▼ 17.5% |
| Operating cash flow (approximation) | -€31,588 | -€38,153 | -€95,412 | -€143,115 | -€168,139 | ▼ 17.5% |
| Change in cash | - | -€1,599 | -€531 | €138,963 | -€138,855 | ▼ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Resignations: SA Bati+ (administrateur et de facto d'administrateur délégué) and SA Invest & Corporate (director)Appointments: SA Invest & Corporate (director) and Scomm BERRYER Consulting (managing director) · Permanent representative: Paul-Henri BERRYER8 facts ▸
State Gazette act
Resignations: SA Bati+ (administrateur et de facto d'administrateur délégué) and SA Invest & Corporate (director)
Appointments: SA Invest & Corporate (director) and Scomm BERRYER Consulting (managing director) · Permanent representative: Paul-Henri BERRYER8 facts ▸
- General meeting, 28-08-2026
- Director resignation, SA Bati+ (administrateur et de facto d'administrateur délégué)
- Director resignation, SA Invest & Corporate (director)
- Director appointment, SA Invest & Corporate (director)
- Director appointment, Scomm BERRYER Consulting (managing director)
- Board composition, Scomm BERRYER Consulting (managing director)
- Board composition, SA Invest & Corporate (director)
- Permanent representative, Paul-Henri BERRYER (permanent representative)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€168,139
Net result drops to -€168,139, the lowest in the series.
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
31-12
Financial
Liquidity times 14current ratio 25.54
Current ratio from 1.89 to 25.54; short-term debt falls from €669,604 to €79,549.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
sa Invest & Corporate
CurrentDirector · since 28-08-2026 · Legal entity · perm. rep.: Nathalie BONHOMME
Day-to-day management 1
Scomm BERRYER Consulting
CurrentManaging director · since 28-08-2026 · Legal entity · perm. rep.: Paul-Henri BERRYER
Permanent representatives 2
Nathalie BONHOMME
CurrentPermanent representative · since 28-08-2026 · for sa Invest & Corporate
Paul-Henri BERRYER
CurrentPermanent representative · since 28-08-2026 · for Scomm BERRYER Consulting
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2016
Ground area
4,529 m²
Building footprint
1,998 m²
Volume, LiDAR
25,825 m³
Parcel 62002C0304/00K000, Wallonia · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
TILT
since 20162.256.234.549
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0304/00K000 | Wallonia | 4,528 m² | 1 · 1,998 m² | 18.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| sa Invest & Corporate |
|
| Scomm BERRYER Consulting |
|
| SA Bati+ |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 1,294 companies in sector 68122 we hold annual accounts for 903. 253 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
Founded18-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659728969
Also
9925:BE0659728969
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.