TILTECH
ActiveSummary
TILTECH has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €233,197. Equity is growing by about 4.1% per year across the filed financial years. Its solvency ranks better than 65% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 10.6 FTE
- Equity
- €1.4m
- Profit
- €233,197
- Parent
- PROSYMA · 99.95%
- Holdings
- 1
- DE COCK Jenny Malvina SuzannaDirector
- PROSYMAManaging director · permanent representative TILLON Rudi
- TILLON KristofManaging director
Why 92lowers riskFounded in 1990Figures for financial year 2025 (filed 08-07-2026)Profit of €233,197 (financial year 2025)Equity €1.4m (51.8% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 42, small): better than 71% on solvency, 34% on liquidity, 64% on profitability and 30% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet €233,197 ▼65.7%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 42, Civil engineering: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result -66% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.8m | €0.9m | €0.9m | €1.0m | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.06m | €0.04m | €0.05m | €0.08m | €0.1m | €0.1m | €0.1m | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.002m | €0.001m | €0 | -€0.009m | €0.009m | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.007m | €0.007m | €0.02m | €0.01m | ▼ 23.3% |
| Gross operating margin9900 | €1.2m | €1.0m | €1.1m | €1.3m | €1.2m | €1.9m | €1.7m | €1.3m | ▼ 20.7% |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.4m | €0.5m | €0.3m | €0.9m | €0.6m | €0.2m | ▼ 66.4% |
| Financial income75/76B | - | - | - | €0.06m | €0.1m | €0.1m | €0.2m | €0.09m | ▼ 61.3% |
| Recurring financial income75 | €0.05m | €0.04m | €0.04m | €0.06m | €0.1m | €0.1m | €0.2m | €0.09m | ▼ 61.3% |
| Financial charges65/66B | - | - | - | €0.01m | €0.07m | -€0.01m | €0.02m | €0.01m | ▼ 10.6% |
| Recurring financial charges65 | €0.005m | €0.003m | €0.007m | €0.01m | €0.07m | -€0.01m | €0.02m | €0.01m | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | €0.4m | €0.6m | €0.4m | €1.0m | €0.8m | €0.3m | ▼ 66.0% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.1m | €0.07m | €0.2m | €0.2m | €0.05m | ▼ 67.1% |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | €0.7m | €0.7m | €0.2m | ▼ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | €0.7m | €0.7m | €0.2m | ▼ 65.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.3m | €2.5m | €2.8m | €3.4m | €3.3m | €3.0m | €2.7m | ▼ 9.3% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.4m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 6.1% |
| Intangible fixed assets21 | €0.001m | €0.02m | €0.08m | €0.2m | €0.3m | €0.2m | €0.1m | €0.08m | ▼ 48.3% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 18.0% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 43.5% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.003m | €0.006m | €0.004m | ▼ 37.5% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 4.7% |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 19.7% |
| Current assets29/58 | €2.0m | €2.1m | €2.3m | €2.4m | €2.9m | €2.8m | €2.6m | €2.3m | ▼ 9.9% |
| Stocks and contracts in progress3 | €0.07m | €0.1m | €0.2m | €0.2m | €0.5m | €0.3m | €0.1m | €0.2m | ▲ 55.9% |
| Stocks30/36 | - | - | - | €0.2m | €0.5m | €0.3m | €0.1m | €0.2m | ▲ 55.9% |
| Amounts receivable within one year40/41 | €0.9m | €1.0m | €0.5m | €0.9m | €1.1m | €1.0m | €1.0m | €1.1m | ▲ 11.5% |
| Trade receivables40 | - | - | - | €0.9m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 6.2% |
| Other amounts receivable41 | - | - | - | - | €0.005m | €0 | - | €0.05m | - |
| Current investments50/53 | - | - | - | €0.3m | €0.3m | €0.6m | €0.4m | €0.9m | ▲ 137% |
| Cash at bank and in hand54/58 | €1.1m | €1.0m | €1.6m | €1.0m | €1.0m | €0.9m | €1.1m | €0.1m | ▼ 87.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.04m | €0.03m | €0.02m | ▼ 33.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.5m | €2.8m | €3.4m | €3.3m | €3.0m | €2.7m | ▼ 9.3% |
| Equity10/15 | €1.0m | €1.2m | €1.3m | €1.3m | €1.2m | €1.3m | €1.4m | €1.4m | ▲ 0.9% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.8m | €0.9m | €0.9m | €0.9m | €0.8m | €0.9m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.9m | €0.8m | €0.9m | €1.1m | €1.1m | = |
| Profit (loss) carried forward14 | €0.005m | €0.004m | €0.006m | €0.05m | €0.04m | €0.06m | €0.008m | €0.04m | ▲ 419% |
| Investment grants15 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | €0.06m | ▼ 25.9% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Pensions and similar obligations160 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Amounts payable17/49 | €1.1m | €1.1m | €1.2m | €1.3m | €2.1m | €1.8m | €1.5m | €1.2m | ▼ 19.4% |
| Amounts payable after more than one year17 | €0.02m | €0.01m | €0.005m | - | - | €0.04m | €0.02m | €0.05m | ▲ 111% |
| Financial debts170/4 | - | - | - | - | - | €0.04m | €0.02m | €0.05m | ▲ 111% |
| Amounts payable within one year42/48 | €1.1m | €1.0m | €1.2m | €1.3m | €2.1m | €1.8m | €1.5m | €1.2m | ▼ 21.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.005m | €0 | €0.02m | €0.02m | €0.03m | ▲ 97.6% |
| Trade debts44 | €0.3m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | €0.3m | ▲ 10.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.2m | €0.2m | €0.3m | ▲ 10.8% |
| Advances received on contracts in progress46 | - | - | - | €0.5m | €1.0m | €0.7m | €0.4m | €0.4m | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.4% |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | €0.08m | €0.1m | €0.08m | ▼ 29.3% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 14.5% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.5m | €0.7m | €0.6m | €0.3m | ▼ 58.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0 | - | €462 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €306,674 | €244,434 | €322,079 | €444,151 | €293,367 | €747,296 | €679,778 | €233,197 | ▼ 65.7% |
| + Depreciation and write-downs630 | €93,659 | €56,360 | €42,358 | €49,805 | €79,612 | €128,783 | €136,181 | €136,235 | = |
| Operating cash flow (approximation) | €400,333 | €300,793 | €364,437 | €493,956 | €372,979 | €876,079 | €815,958 | €369,432 | ▼ 54.7% |
| Investment in fixed assets (approximation) | - | -€3,773 | -€76,438 | -€213,731 | -€168,678 | -€158,319 | -€80,101 | -€108,626 | ▼ 35.6% |
| Change in cash | - | -€76,611 | €578,881 | -€585,637 | -€1,994 | -€116,943 | €207,233 | -€939,733 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00287143 |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00219461 |
| 31-12-2023 | abbreviated format | 01-08-2024 | 2024-00331521 |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00314478 |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20082843 |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-27000556 |
| 31-12-2019 | abbreviated format | 22-06-2020 | 2020-19300361 |
| 31-12-2018 | abbreviated format | 25-06-2019 | 2019-23200443 |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-27400009 |
| 31-12-2016 | abbreviated format | 06-07-2017 | 2017-28500322 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €9,195 awarded · €6,625 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €281 | €260 |
| 2024 | 1 | €1,205 | €2,555 |
| 2023 | 1 | €4,185 | €356 |
| 2022 | 1 | €3,524 | €3,454 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DE COCK Jenny Malvina Suzanna |
|
| PROSYMA |
|
| TILLON Kristof |
|
Owners and capital
Owners
1 ownerChain of control
- PROSYMA
- TILTECH
Highest known parent: PROSYMA. The sources do not say who stands above it.
Owners 1
- PROSYMAparent99.95%
According to the 2025 annual accounts of TILTECH and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 07-07-2023 Capital stated in the deed · €250,000 · 5,450 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
51.08%
According to the 2025 annual accounts of TILTECH and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-07
Gazette deed
Resignations: PROSYMA (director) and TILLON Kristof (director)Permanent representative: TILLON Rudi · Appointments: PROSYMA, TILLON Kristof and DE COCK Jenny Malvina Suzanna · Amendment of the articles16 facts ▸
- General meeting, 22-06-2023
- Amendment of the articles (2 times)
- Capital, €250,000
- Director resignation, PROSYMA (director)
- Director resignation, TILLON Kristof (director)
- Director discharge, PROSYMA
- Director discharge, TILLON Kristof
- Board rule, 3, “algemene vergadering beslist aantal bestuurders te bepalen op drie” (deed in Dutch)
- Permanent representative, TILLON Rudi (3 times)
- Director appointment, PROSYMA (director (not named in the articles))
- Director appointment, TILLON Kristof (director (not named in the articles))
- Director appointment, DE COCK Jenny Malvina Suzanna (director (not named in the articles))
- +4 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0441.541.624
Recognitions · licences · registrations
Recognised contractor
4 categories- F2 Steel load-bearing structuresclass 2, up to €330,000
- K2 Handling and lifting equipment (cranes and overhead cranes)class 3, up to €600,000
- L General hydromechanical equipment contractsclass 1, up to €162,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42021A1045/00R000 | Flanders | 2,795 m² | 1 · 1,008 m² | 7.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het leveren van gespecialiseerd werk op het domein van mechanische…” (deed in Dutch)
3 activities (deed in Dutch)
- Het leveren van gespecialiseerd werk op het domein van mechanische constructies,mechanica,elektriciteit,instrumentatie,arbeidsplaatsuitrusting,ergonomie,manipulatiesystemen,transportsystemen en spoortechnieken(de bouw van boven- en ondergrondse spoorwegen,alsmede het aanleggen van de bedding,plaatsen van de rails,uitvoeren van herstellingswerken)
- Het aannemen en uitvoeren van alle pipingwerkzaamheden
- Het uitvoeren van alle engineeringwerkzaamheden op het domein van piping,mechanische constructies,mechanica,elektriciteit,instrumentatie,arbeidsplaatsuitrusting,ergonomie,manipulatiesystemen,transportsystemen en spoortechnieken(de bouw van boven- en ondergrondse spoorwegen,alsmede het aanleggen van de bedding,plaatsen van de rails,uitvoeren van herstellingswerken)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TILTECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “2, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Voor duurtijd van hun benoeming, 13” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, 9” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of May at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bij gebrek benoeming vereffening door bestuursorgaan in functie handelend als college van…” (deed in Dutch)“Alle verrichtingen vermeld in wet, tenzij algemene vergadering anders besluit bij gewone meerderheid van stemmen” (deed in Dutch)