TILTECH
ActiveTILTECH has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.42M and a net result of €233k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency96▲+10
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.72 in 2024), and 48.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.8%
Return on assets
8.5%
Age of the figures
8 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
30 d early
2023
1 d late
2022
on the day
2021
41 d early
2020
36 d early
2019
39 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€233k▼ 65.7%
2024 · €680k
2018: €307k
2019: €244k
2020: €322k
2021: €444k
2022: €293k
2023: €747k
2024: €680k
2018 → 2025
Working capital
€1.15M▲ 6.0%
2024 · €1.08M
2018: €883k
2019: €1.07M
2020: €1.13M
2021: €1.05M
2022: €841k
2023: €960k
2024: €1.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.34M-€1.22M▼ 8.9%€1.33M▲ 9.0%€1.41M▲ 6.2%€1.42M▲ 0.9%
Operating result€522k-€304k▼ 41.7%€855k▲ 181%€618k▼ 27.7%€208k▼ 66.4%
Net result€444k-€293k▼ 33.9%€747k▲ 155%€680k▼ 9.0%€233k▼ 65.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 66% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€423k▼ 6.1%
Current assets
€2.32M▼ 9.9%
Equity and liabilities €2.75M
Equity
€1.42M▲ 0.9%
Provisions
€100k=
Debt
€1.22M▼ 19.4%
The debt ratio falls from 50.2% to 44.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€344k▼
2024 · €754k
Cash flow
€369k▼
2024 · €816k
Solvency
51.8%▲
2024 · 46.5%
Current ratio
1.97▲
2024 · 1.72
Quick ratio
1.78▲
2024 · 1.63
Debt / equity
0.86▼
2024 · 1.08
ROE
16.4%▼
2024 · 48.2%
ROA
8.5%▼
2024 · 22.4%
Interest coverage
24.67▼
2024 · 48.32
Debt
€1.22M▼
2024 · €1.52M
Debt ≤ 1 year
€1.18M▼
2024 · €1.50M
Debt > 1 year
€47k▲
2024 · €22k
Income taxes
€54k▼
2024 · €165k
Staff costs
€957k▲
2024 · €905k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.03M€2.75M▼
Fixed assets21/28€451k€423k▼
Intangible fixed assets21€146k€75k▼
Tangible fixed assets22/27€273k€322k▲
Land and buildings22€100k€144k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€167k€175k▲
Financial fixed assets28€32k€26k▼
Current assets29/58€2.58M€2.32M▼
Stocks and contracts in progress3€143k€223k▲
Stocks30/36€143k€223k▲
Amounts receivable within one year40/41€973k€1.08M▲
Trade receivables40€973k€1.03M▲
Other amounts receivable41-€52k
Current investments50/53€366k€868k▲
Cash at bank and in hand54/58€1.07M€129k▼
Deferred charges and accrued income490/1€28k€19k▼
Equity and liabilities
Total equity and liabilities10/49€3.03M€2.75M▼
Equity10/15€1.41M€1.42M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€1.08M€1.08M=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€1.05M€1.05M=
Profit (loss) carried forward14€8k€41k▲
Investment grants15€77k€57k▼
Provisions and deferred taxes16€100k€100k=
Provisions for liabilities and charges160/5€100k€100k=
Pensions and similar obligations160€100k€100k=
Amounts payable17/49€1.52M€1.22M▼
Amounts payable after more than one year17€22k€47k▲
Financial debts170/4€22k€47k▲
Amounts payable within one year42/48€1.50M€1.18M▼
Current portion of amounts payable after more than one year42€17k€33k▲
Trade debts44€235k€260k▲
Suppliers440/4€235k€260k▲
Advances received on contracts in progress46€375k€409k▲
Taxes, remuneration and social security45€229k€210k▼
Taxes450/3€120k€84k▼
Remuneration and social security454/9€110k€125k▲
Other amounts payable47/48€641k€265k▼
Accrued charges and deferred income492/3€462€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€905k€957k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€136k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€9k▲
Other operating charges640/8€15k€12k▼
Gross operating margin9900€1.67M€1.32M▼
Operating profit (loss)9901€618k€208k▼
Financial income75/76B€242k€94k▼
Recurring financial income75€242k€94k▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€844k€287k▼
Income taxes67/77€165k€54k▼
Profit (loss) for the period9904€680k€233k▼
Profit (loss) for the period to be appropriated9905€680k€233k▼
Appropriation of the result
Profit (loss) to be appropriated9906€738k€241k▼
Profit (loss) brought forward from the previous period14P€58k€8k▼
Transfer to equity691/2€150k€0▼
To other reserves6921€150k€0▼
Profit to be distributed694/7€580k€200k▼
Return on contributions (dividend)694€580k€200k▼
Employees696€0-
Social balance
Average headcount (FTE)908710.010.6▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €233k ▼65.7%
Net result drops to €233k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
31-12
Financial
Highest result since 2018net €747k ▲155%
Operating result €855k, net result €747k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Dendermonde · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vriesenrot (STG) 229200 DendermondeGround area
2,795 m²
Building footprint
1,008 m²
Volume, LiDAR
5,408 m³
Parcel 42021A1045/00R000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tiltech NV
since 19942.049.718.282
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A1045/00R000 | Flanders | 2,795 m² | 1 · 1,008 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,195 EUR awarded · 6,625 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 281 EUR | 260 EUR |
| 2024 | 1 | 1,205 EUR | 2,555 EUR |
| 2023 | 1 | 4,185 EUR | 356 EUR |
| 2022 | 1 | 3,524 EUR | 3,454 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesTILTECH NV34195
Similar companies · same sector, comparable size
METACO
BE 0464.140.842
Oostende · Eq €1.42M
VILAIN Marcel et Fils
BE 0415.757.539
Courcelles · Eq €1.42M
LenCsolutions
BE 0628.956.413
Ravels · Eq €1.43M
De Parel
BE 0862.677.814
Antwerpen · Eq €1.42M
TOPLAS
BE 0434.741.825
Bree · Eq €1.41M
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-08-1990
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
42220Construction of utility projects for electricity and telecommunications
45215
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.