TILVOET
ActiveSummary
TILVOET has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€7,752. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-25
Solvency58▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.38 in 2024; short-term debt: 22.3% and cash: 1.1% of total assets), and 67.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 06-01-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
1 d early
2023
on the day
2022
7 d early
2021
on the day
2020
17 d early
2019
17 d early
← 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 14 days before 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 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.2m▼ 0.6%
2024 · €1.2m
Total assets
€3.8m▲ 6.1%
2024 · €3.6m
Net result
-€7,752
2024 · €217,357
Working capital
-€748,023▼ 81.1%
2024 · -€413,143
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,426▼ 30.6%€90,707▲ 257%€570,768▲ 529%€406,732▼ 28.7%€60,119▼ 85.2%
Net result-€16,168below the sector's middle half▼ 468%€44,817within the sector's middle half€383,544above the sector's middle half▲ 756%€217,357above the sector's middle half▼ 43.3%-€7,752within the sector's middle half
Equity€602,370within the sector's middle half▼ 2.6%€647,187within the sector's middle half▲ 7.4%€1.0mwithin the sector's middle half▲ 59.3%€1.2mabove the sector's middle half▲ 21.1%€1.2mabove the sector's middle half▼ 0.6%
Total assets€3.3mwithin the sector's middle half▲ 9.7%€3.3mwithin the sector's middle half▼ 0.2%€3.4mwithin the sector's middle half▲ 2.1%€3.6mabove the sector's middle half▲ 5.4%€3.8mabove the sector's middle half▲ 6.1%
Debt€2.7m▲ 13.1%€2.6m▼ 1.9%€2.2m▼ 16.3%€2.1m▼ 5.2%€2.3m▲ 10.9%
Working capital-€311,706▼ 63.3%-€365,547▼ 17.3%-€162,429▲ 55.6%-€413,143▼ 154%-€748,023▼ 81.1%
Solvency18.2%within the sector's middle half▼ 2.3pp19.6%within the sector's middle half▲ 1.4pp30.6%within the sector's middle half▲ 11.0pp35.1%within the sector's middle half▲ 4.5pp32.9%within the sector's middle half▼ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.7m ▲ 11.3%
Current assets
€92,369 ▼ 62.8%
Equity and liabilities €3.8m
Equity
€1.2m ▼ 0.6%
Provisions
€207,623 ▼ 1.9%
Debt
€2.3m ▲ 10.9%
Debt's share of the balance-sheet total rises from 58.9% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€193,244▼
2024 · €515,739
Cash flow
€125,374▼
2024 · €326,364
Current ratio
0.11▼
2024 · 0.38
Debt to equity
1.87▲
2024 · 1.68
ROE
-0.6%▼
2024 · 17.4%
ROA
-0.2%▼
2024 · 6.1%
Interest coverage
2.69▼
2024 · 4.77
Debt ≤ 1 year
€840,392▲
2024 · €661,418
Debt > 1 year
€1.5m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €24,200 | €469,820 | €346,630 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,428 | €107,373 | €88,058 | €109,007 | €133,126 | ▲ 22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,335 | - |
| Other operating charges640/8 | - | €10,447 | €6,304 | €12,942 | €19,640 | ▲ 51.8% |
| Gross operating margin9900 | €142,541 | €208,527 | €665,130 | €528,681 | €220,220 | ▼ 58.3% |
| Operating profit (loss)9901 | €25,426 | €90,707 | €570,768 | €406,732 | €60,119 | ▼ 85.2% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €47,291 | €71,219 | €108,093 | €71,800 | ▼ 33.6% |
| Recurring financial charges65 | €42,659 | €47,291 | €71,219 | €108,093 | €71,800 | ▼ 33.6% |
| Profit (loss) for the period before taxes9903 | -€17,232 | €43,416 | €499,549 | €298,638 | -€11,682 | ▼ 104% |
| Transfer from deferred taxes780 | - | €1,449 | €1,449 | €1,560 | €3,929 | ▲ 152% |
| Transfer to deferred taxes680 | - | - | €117,455 | €82,841 | €0 | ▼ 100% |
| Income taxes67/77 | €385 | €48 | - | - | - | - |
| Profit (loss) for the period9904 | -€16,168 | €44,817 | €383,544 | €217,357 | -€7,752 | ▼ 104% |
| Transfer from tax-exempt reserves789 | - | €4,348 | €4,348 | €4,679 | €11,788 | ▲ 152% |
| Transfer to tax-exempt reserves689 | - | - | €352,365 | €248,524 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€11,820 | €49,165 | €35,527 | -€26,489 | €4,036 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.3m | €3.4m | €3.6m | €3.8m | ▲ 6.1% |
| Fixed assets21/28 | €2.9m | €3.0m | €3.1m | €3.3m | €3.7m | ▲ 11.3% |
| Tangible fixed assets22/27 | €2.8m | €2.9m | €3.0m | €2.9m | €3.2m | ▲ 13.0% |
| Land and buildings22 | - | €2.9m | €3.0m | €2.9m | €2.9m | ▲ 1.8% |
| Plant, machinery and equipment23 | - | - | - | - | €175,769 | - |
| Leasing and similar rights25 | - | - | - | - | €144,774 | - |
| Financial fixed assets28 | €99,714 | €99,714 | €99,714 | €439,900 | €439,900 | = |
| Current assets29/58 | €394,544 | €292,956 | €312,645 | €248,275 | €92,369 | ▼ 62.8% |
| Amounts receivable within one year40/41 | €375,315 | €289,615 | €311,382 | €245,608 | €36,630 | ▼ 85.1% |
| Trade receivables40 | - | €289,615 | €225,000 | €218,016 | €34,339 | ▼ 84.2% |
| Other amounts receivable41 | - | - | €86,382 | €27,592 | €2,291 | ▼ 91.7% |
| Cash at bank and in hand54/58 | €16,743 | €187 | - | €1,610 | €40,410 | ▲ 2,410% |
| Deferred charges and accrued income490/1 | - | €3,153 | €1,263 | €1,057 | €15,329 | ▲ 1,350% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.3m | €3.4m | €3.6m | €3.8m | ▲ 6.1% |
| Equity10/15 | €602,370 | €647,187 | €1.0m | €1.2m | €1.2m | ▼ 0.6% |
| Contributions10/11 | €384,235 | €384,235 | €384,235 | €384,235 | €384,235 | = |
| Capital10 | - | €384,235 | €384,235 | €384,235 | €384,235 | = |
| Issued capital100 | - | €384,235 | €384,235 | €384,235 | €384,235 | = |
| Reserves13 | €85,565 | €81,218 | €429,235 | €673,080 | €661,292 | ▼ 1.8% |
| Non-distributable reserves130/1 | - | €38,424 | €38,424 | €38,424 | €38,424 | = |
| Legal reserve130 | - | €38,424 | €38,424 | €38,424 | €38,424 | = |
| Tax-exempt reserves132 | - | €42,794 | €390,811 | €634,657 | €622,868 | ▼ 1.9% |
| Profit (loss) carried forward14 | €132,570 | €181,735 | €217,261 | €190,773 | €194,809 | ▲ 2.1% |
| Provisions and deferred taxes16 | €15,714 | €14,265 | €130,270 | €211,552 | €207,623 | ▼ 1.9% |
| Deferred taxes168 | - | €14,265 | €130,270 | €211,552 | €207,623 | ▼ 1.9% |
| Amounts payable17/49 | €2.7m | €2.6m | €2.2m | €2.1m | €2.3m | ▲ 10.9% |
| Amounts payable after more than one year17 | €2.0m | €1.8m | €1.5m | €1.3m | €1.5m | ▲ 11.5% |
| Financial debts170/4 | - | €1.8m | €1.5m | €1.3m | €1.5m | ▲ 11.5% |
| Amounts payable within one year42/48 | €706,251 | €658,503 | €475,074 | €661,418 | €840,392 | ▲ 27.1% |
| Current portion of amounts payable after more than one year42 | - | €193,875 | €222,447 | €249,835 | €296,529 | ▲ 18.7% |
| Financial debts43 | - | €100,000 | €20,701 | €134,001 | €130,000 | ▼ 3.0% |
| Credit institutions430/8 | - | €100,000 | €20,701 | €134,001 | €130,000 | ▼ 3.0% |
| Trade debts44 | €156,692 | €223,539 | €126,375 | €160,766 | €294,799 | ▲ 83.4% |
| Suppliers440/4 | - | €223,539 | €126,375 | €160,766 | €294,799 | ▲ 83.4% |
| Taxes, remuneration and social security45 | - | €48 | - | €7,741 | €763 | ▼ 90.1% |
| Taxes450/3 | - | €48 | - | €7,741 | €763 | ▼ 90.1% |
| Other amounts payable47/48 | - | €141,041 | €105,551 | €109,074 | €118,301 | ▲ 8.5% |
| Accrued charges and deferred income492/3 | - | €211,792 | €187,976 | €103,215 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,168 | €44,817 | €383,544 | €217,357 | -€7,752 | ▼ 104% |
| + Depreciation and write-downs630 | €110,428 | €107,373 | €88,058 | €109,007 | €133,126 | ▲ 22.1% |
| Operating cash flow (approximation) | €94,260 | €152,190 | €471,602 | €326,364 | €125,374 | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | -€200,918 | -€138,225 | -€356,418 | -€506,336 | ▼ 42.1% |
| Change in cash | - | -€16,556 | - | - | €38,799 | - |
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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €383,544 ▲756%
Operating result €570,768, net result €383,544, both a record.
30-06
Financial
Equity above €1mEq €1.0m ▲59.3%
2 profitable years in a row build equity to €1.0m.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €44,817
Net result €44,817 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet -€16,168
Net result drops to -€16,168, the lowest in the series; recovery starts the following year.
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Gingelom · 1 establishment unit since 1995
Ground area
3,047 m²
Building footprint
215 m²
Volume, LiDAR
1,285 m³
Parcel 71026A0086/00K000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Houtstraat 2A, 3890 Gingelom
since 19952.070.766.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71026A0086/00K000 | Flanders | 3,047 m² | 1 · 215 m² | 8.9 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2023 list no shareholders, and no other source names one.
Holdings 1
-
41.19%
According to the annual accounts to 30-06-2023 of TILVOET 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.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,704 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
Founded07-07-1994
Fiscal year end31-07
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
46319Wholesale of fruit and vegetables, excluding potatoes
46610Wholesale trade
77310Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453112536
Also
9925:BE0453112536
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.