Equity
€10.5m ▲ 7.3%
TIVACO has made a profit in every financial year since 2006.
TIVACO
Lifetime
19 annual accounts with figures on one time axis, 46 filings since 1979peak €21.6m (2022)
€16.4m▲ 2.7%
peak €2.7m (2021)
€729,580▼ 31.2%
peak €10.5m (2025)
€10.5m▲ 7.3%
€2.2m▲ 29.1%
peak 22.1 FTE (2024)
21.4 FTE▼ 3.2%
Board9 names since 2016
3 directors and 2 others
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Result from €1.1m to €729,580Debts from €1.7m to €2.2m
Key points
from the 2025 annual accountsResult
€729,580 ▼ 31.2%
The result fell in 2025 from €1.1m to €729,580.
Staff
23 employees on 31-12-2025
In 2025, 1 person joined and nobody left. On top of that, 3 agency workers worked there on average.
Payment terms
48 days to suppliers
TIVACO pays its suppliers 17 days later than in 2024. Customers pay 10 days later.
Filings
46 annual accounts since 1979
Four of the last ten came late. The 2019 accounts came latest: 39 days after the end of the period.
Position in the sector
82.6%
Higher solvency than 89% of companies in wholesale trade. Sector median 43.8% · 3,766 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 20,135 companies had the same profile as TIVACO has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,135 companies, not a prediction for TIVACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Managing director,
Director, since 01-06-2023
Director, since 01-06-2023
- consolidatesannual accounts 2025
Recent changes
Reappointment: (director)
General meeting of 15-06-2026 · Gazette deed
Appointments: (director) and (director)
General meeting of 02-06-2023 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 01-12-2022 · Gazette deed
Resignation: (director)
Reappointment: (statutory auditor) · Director discharge: · General meeting of 17-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIVACO Tournai | €16.4m | 6.0% | 82.6% | 21.4 |
| GALLOO WALLONIE Tournai | €24.0m | -7.3% | 48.2% | 29.8 |
| Oud Papier Jozef Michel Kalmthout | €16.8m | -2.5% | 51.5% | 26.5 |
| Tribel Metals Forest | €12.8m | 2.1% | 82.7% | 15.1 |
| Recuperatie- en Transportmaatschappij Ghent | €12.0m | 5.4% | 74.0% | 15.5 |
| Wilmet Namur | €16.8m | 1.4% | 38.3% | 12.4 |
| S'JONGERS OUDE METALEN Rotselaar | €14.4m | 0.0% | 95.9% | 9.4 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TIVACO: wholesale trade (NACE 46872). They are comparable in size and age: total assets between €6m and €9.9m, founded between 1968 and 1984.
Official details
Source: KBO- Status
- Active since 25-10-1977Normal situation
- Activity
- Wholesale tradeNACE 46872and 2 others
- Joint committees
- 142.04Recovery of raw materials
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.173.244.0227522 Tournai, since 15-07-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €12.8m▲ 10.6%
- Employeeson 31-12-2025
- 23▲ 4.5%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on TIVACO
TIVACO has existed since 1977. Turnover grew from €8.2m in 2012 to €16.4m in 2025 and staff from 10.5 to 21.4 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TIVACO
- What is the company number of TIVACO?
- The company number of TIVACO is 0417.635.181. The VAT number is the same number with BE in front: BE 0417.635.181.
- Where is TIVACO based?
- The registered office is at Rue du Mont des Carliers 5, 7522 Tournai.Company details
- What does TIVACO do?
- According to the KBO register, the main activity is wholesale trade (NACE 46872).
- What is the legal form of TIVACO?
- TIVACO is a public limited company (NV).
- When was TIVACO founded?
- TIVACO was founded on 25-10-1977.
- Is TIVACO still active?
- Yes, TIVACO is an active enterprise in the KBO register.
- How many employees does TIVACO have?
- TIVACO had an average of 21.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TIVACO fall under?
- In its 2023 annual accounts, TIVACO states joint committees 142.04 (Recovery of raw materials) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TIVACO?
- The turnover of TIVACO was €16.4m in financial year 2025, according to the filed annual accounts.
- Is TIVACO profitable?
- In financial year 2025, TIVACO made a profit of €729,580.
- Where can I find the annual accounts of TIVACO?
- TIVACO filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIVACO due?
- TIVACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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