TITOU
ActiveSummary
TITOU has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €26k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency86▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.03 in 2024; short-term debt: 38.8% and cash: 22.8% of total assets), and 38.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
61.2%
Return on assets
7.9%
Age of the figures
9 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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
51 d early
2022
54 d early
2021
53 d early
2020
52 d early
2019
54 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▼ 66.0%
2024 · €77k
2018: €28k
2019: €36k▲ +26.4% vs 2018
2020: €20k▼ -45.2% vs 2019
2021: €13k▼ -31.2% vs 2020
2022: €4k▼ -72.2% vs 2021lowest in 8 years
2023: €40k▲ +977% vs 2022
2024: €77k▲ +91.5% vs 2023highest in 8 years
2025: €26k▼ -66.0% vs 2024
2018 → 2025
Working capital
€173k▲ 20.5%
2024 · €143k
2018: €60klowest in 8 years
2019: €96k▲ +60.5% vs 2018
2020: €123k▲ +28.8% vs 2019
2021: €142k▲ +15.0% vs 2020
2022: €87k▼ -38.8% vs 2021
2023: €92k▲ +6.1% vs 2022
2024: €143k▲ +55.9% vs 2023
2025: €173k▲ +20.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€86k▼ 32.5%€99k▲ 15.4%€176k▲ 77.8%€202k▲ 14.9%
2021: €127k
2022: €86k▼ -32.5% vs 2021lowest in 5 years
2023: €99k▲ +15.4% vs 2022
2024: €176k▲ +77.8% vs 2023
2025: €202k▲ +14.9% vs 2024highest in 5 years
Operating result€9k-€7k▼ 20.2%€55k▲ 692%€107k▲ 93.1%€38k▼ 64.2%
2021: €9k
2022: €7k▼ -20.2% vs 2021lowest in 5 years
2023: €55k▲ +692% vs 2022
2024: €107k▲ +93.1% vs 2023highest in 5 years
2025: €38k▼ -64.2% vs 2024
Net result€13k-€4k▼ 72.2%€40k▲ 977%€77k▲ 91.5%€26k▼ 66.0%
2021: €13k
2022: €4k▼ -72.2% vs 2021lowest in 5 years
2023: €40k▲ +977% vs 2022
2024: €77k▲ +91.5% vs 2023highest in 5 years
2025: €26k▼ -66.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€30k ▼ 9.5%
Current assets
€301k ▲ 40.7%
Equity and liabilities €331k
Equity
€202k ▲ 14.9%
Debt
€128k ▲ 81.8%
Debt's share of the balance-sheet total rises from 28.6% to 38.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▼
2024 · €114k
Cash flow
€39k▼
2024 · €84k
Current ratio
2.34▼
2024 · 3.03
Quick ratio
1.38▼
2024 · 1.61
Debt to equity
0.63▲
2024 · 0.40
ROE
13.0%▼
2024 · 43.8%
ROA
7.9%▼
2024 · 31.2%
Interest coverage
15.19▼
2024 · 138.56
Debt ≤ 1 year
€128k▲
2024 · €71k
Income taxes
€9k▼
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€247k€331k▲
Fixed assets21/28€33k€30k▼
Tangible fixed assets22/27€30k€27k▼
Land and buildings22€2k€11k▲
Plant, machinery and equipment23€132€0▼
Furniture and vehicles24€27k€16k▼
Financial fixed assets28€3k€3k=
Current assets29/58€214k€301k▲
Stocks and contracts in progress3€100k€123k▲
Stocks30/36€100k€123k▲
Amounts receivable within one year40/41€24k€99k▲
Trade receivables40-€55k
Other amounts receivable41€24k€44k▲
Cash at bank and in hand54/58€90k€75k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€247k€331k▲
Equity10/15€176k€202k▲
Contributions10/11€600€600=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€168k€194k▲
Amounts payable17/49€71k€128k▲
Amounts payable within one year42/48€71k€128k▲
Trade debts44€40k€76k▲
Suppliers440/4€40k€76k▲
Taxes, remuneration and social security45€30k€43k▲
Taxes450/3€30k€39k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48-€10k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€13k▲
Other operating charges640/8€2k€15k▲
Gross operating margin9900€115k€66k▼
Operating profit (loss)9901€107k€38k▼
Financial income75/76B€706€0▼
Recurring financial income75€706€0▼
Financial charges65/66B€822€3k▲
Recurring financial charges65€822€3k▲
Profit (loss) for the period before taxes9903€107k€35k▼
Income taxes67/77€30k€9k▼
Profit (loss) for the period9904€77k€26k▼
Profit (loss) for the period to be appropriated9905€77k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€168k€194k▲
Profit (loss) brought forward from the previous period14P€91k€168k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €30k | €15k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €1k | €2k | €7k | €13k | ▲ 86.2% |
| Other operating charges640/8 | €1k | €1k | €816 | €2k | €15k | ▲ 804% |
| Gross operating margin9900 | €58k | €39k | €74k | €115k | €66k | ▼ 42.7% |
| Operating profit (loss)9901 | €9k | €7k | €55k | €107k | €38k | ▼ 64.2% |
| Financial income75/76B | €1k | - | - | €706 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1k | - | - | €706 | €0 | ▼ 100.0% |
| Financial charges65/66B | €184 | €714 | €401 | €822 | €3k | ▲ 312% |
| Recurring financial charges65 | €184 | €714 | €401 | €822 | €3k | ▲ 312% |
| Profit (loss) for the period before taxes9903 | €10k | €6k | €55k | €107k | €35k | ▼ 67.3% |
| Income taxes67/77 | €-4k | €3k | €15k | €30k | €9k | ▼ 70.7% |
| Profit (loss) for the period9904 | €13k | €4k | €40k | €77k | €26k | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €13k | €4k | €40k | €77k | €26k | ▼ 66.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €240k | €193k | €195k | €247k | €331k | ▲ 34.0% |
| Fixed assets21/28 | €6k | €5k | €7k | €33k | €30k | ▼ 9.5% |
| Tangible fixed assets22/27 | €3k | €2k | €4k | €30k | €27k | ▼ 10.5% |
| Land and buildings22 | - | - | - | €2k | €11k | ▲ 325% |
| Plant, machinery and equipment23 | €528 | €396 | €264 | €132 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €440 | €27k | €16k | ▼ 40.6% |
| Other tangible fixed assets26 | €3k | €2k | €3k | - | - | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €234k | €188k | €188k | €214k | €301k | ▲ 40.7% |
| Stocks and contracts in progress3 | €93k | €59k | €69k | €100k | €123k | ▲ 23.3% |
| Stocks30/36 | €93k | €59k | €69k | €100k | €123k | ▲ 23.3% |
| Amounts receivable within one year40/41 | - | - | - | €24k | €99k | ▲ 312% |
| Trade receivables40 | - | - | - | - | €55k | - |
| Other amounts receivable41 | - | - | - | €24k | €44k | ▲ 83.8% |
| Cash at bank and in hand54/58 | €140k | €128k | €119k | €90k | €75k | ▼ 16.0% |
| Deferred charges and accrued income490/1 | - | €635 | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €240k | €193k | €195k | €247k | €331k | ▲ 34.0% |
| Equity10/15 | €127k | €86k | €99k | €176k | €202k | ▲ 14.9% |
| Contributions10/11 | €73k | €28k | €600 | €600 | €600 | = |
| Capital10 | €73k | €28k | €600 | - | - | - |
| Issued capital100 | €73k | €28k | €600 | - | - | - |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | €7k | €7k | €7k | - | - | - |
| Legal reserve130 | €7k | €7k | €7k | - | - | - |
| Distributable reserves133 | - | - | - | €7k | €7k | = |
| Profit (loss) carried forward14 | €47k | €51k | €91k | €168k | €194k | ▲ 15.6% |
| Amounts payable17/49 | €113k | €107k | €96k | €71k | €128k | ▲ 81.8% |
| Amounts payable after more than one year17 | €21k | €6k | - | - | - | - |
| Financial debts170/4 | €21k | €6k | - | - | - | - |
| Amounts payable within one year42/48 | €92k | €101k | €96k | €71k | €128k | ▲ 81.8% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €6k | - | - | - |
| Trade debts44 | €48k | €61k | €73k | €40k | €76k | ▲ 88.1% |
| Suppliers440/4 | €48k | €61k | €73k | €40k | €76k | ▲ 88.1% |
| Taxes, remuneration and social security45 | €14k | €14k | €16k | €30k | €43k | ▲ 41.4% |
| Taxes450/3 | €9k | €7k | €16k | €30k | €39k | ▲ 28.7% |
| Remuneration and social security454/9 | €5k | €7k | - | - | €4k | - |
| Other amounts payable47/48 | €15k | €11k | €841 | - | €10k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €4k | €40k | €77k | €26k | ▼ 66.0% |
| + Depreciation and write-downs630 | €21k | €1k | €2k | €7k | €13k | ▲ 86.2% |
| Operating cash flow (approximation) | €35k | €5k | €43k | €84k | €39k | ▼ 53.2% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-33k | €-10k | ▲ 69.5% |
| Change in cash | - | €-13k | €-9k | €-29k | €-14k | ▲ 50.1% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €202k ▲14.9%
8 profitable years in a row build equity to €202k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €77k ▲91.5%
Operating result €107k, net result €77k, both a record.
31-12
Financial
Equity above €150kEq €176k ▲77.8%
7 profitable years in a row build equity to €176k.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €4k ▼72.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €114k ▲20.8%
3 profitable years in a row build equity to €114k.
07-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
09-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Brussel · 1 establishment unit since 1995
Ground area
76 m²
Parcel 21812N0608/00D002, Brussels. Linked by address, not a title deed.
1 establishment unit
BELGA
since 19952.072.548.916
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0608/00D002 | Brussels | 76 m² | - | - |
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.
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Of 417 companies in sector 47260 we hold annual accounts for 264. 210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
47241Retail sale of bread and pastry (bakery outlets)
92000Gambling and betting activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.