ACTIVE

THOMAS & PIRON HOME

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Financial year 2025 · closed on 31/12/2025

Net result

16,6 M €

+68.1% YoY

Revenue

211,1 M €

+20.1% YoY

Equity

122,3 M €

+7.7% YoY

Workforce

916,5 ETP

+0.0% YoY

What does THOMAS & PIRON HOME do?

THOMAS & PIRON HOME is a Public limited company incorporated in 1976. Its registered office is in Paliseul. It employs on average 916,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.776.939

Incorporation

10/02/1976

Legal form

Public limited company

Registered office

Rue de la Besace, Our 14
6852 Paliseul · WallonieSee on map

Contributed capital

707 386,95 €

Latest accounts

31/12/2025

Average workforce

916,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	211,1 M €	+20.1%	175,8 M €	+8.5%	162,1 M €	-23.3%	211,4 M €	+10.2%	191,8 M €	+18.7%	161,6 M €	-5.8%	171,5 M €	+7.0%	160,2 M €	+6.1%	151 M €	+11.6%	135,3 M €	-0.0%	135,4 M €	-14.1%	157,6 M €	-26.0%	213 M €	-1.9%	217,2 M €	+5.9%	205 M €	+15.3%	177,9 M €	+0.1%	177,8 M €	+4.8%	169,5 M €	+25.2%	135,4 M €
EBITDA	26,8 M €	+36.1%	19,7 M €	+50.2%	13,1 M €	-51.6%	27,1 M €	+8.8%	24,9 M €	+12.3%	22,2 M €	-6.6%	23,8 M €	+13.2%	21 M €	-9.6%	23,2 M €	+8.5%	21,4 M €	+56.6%	13,7 M €	-29.1%	19,3 M €	+2.6%	18,8 M €	+12.9%	16,6 M €	-29.9%	23,7 M €	+71.8%	13,8 M €	-17.4%	16,7 M €	+0.9%	16,6 M €	-1.5%	16,8 M €
Operating result	22,1 M €	+51.5%	14,6 M €	+141%	6,1 M €	-70.1%	20,3 M €	+4.5%	19,4 M €	+15.0%	16,9 M €	-13.2%	19,4 M €	+12.5%	17,3 M €	-13.7%	20 M €	+6.9%	18,7 M €	+67.9%	11,2 M €	-28.9%	15,7 M €	+17.0%	13,4 M €	+10.6%	12,1 M €	-38.5%	19,7 M €	+115%	9,2 M €	-24.0%	12,1 M €	-3.8%	12,6 M €	-11.6%	14,2 M €
Net result	16,6 M €	+68.1%	9,9 M €	+126%	4,4 M €	-72.5%	15,9 M €	+4.9%	15,2 M €	+11.8%	13,6 M €	-8.9%	14,9 M €	+8.4%	13,8 M €	-1.9%	14 M €	-36.6%	22,1 M €	+184%	7,8 M €	-26.8%	10,7 M €	-17.8%	13 M €	+31.2%	9,9 M €	-29.3%	14 M €	+95.6%	7,1 M €	-32.4%	10,6 M €	-24.3%	14 M €	+57.5%	8,9 M €
Balance sheet
Equity	122,3 M €	+7.7%	113,5 M €	+9.5%	103,6 M €	+4.4%	99,2 M €	+9.7%	90,5 M €	+10.4%	81,9 M €	+9.3%	75 M €	+11.6%	67,2 M €	+25.5%	53,5 M €	+35.6%	39,5 M €	+8.4%	36,4 M €	-0.8%	36,7 M €	-63.2%	99,8 M €	+9.9%	90,8 M €	+12.2%	81 M €	+9.4%	74 M €	+10.7%	66,9 M €	+18.8%	56,3 M €	+33.0%	42,3 M €
Total assets	211,1 M €	+10.4%	191,2 M €	+10.9%	172,5 M €	+13.8%	151,5 M €	+7.7%	140,7 M €	+6.4%	132,2 M €	+6.7%	123,9 M €	+0.7%	123 M €	+36.2%	90,3 M €	-8.9%	99,1 M €	+14.4%	86,7 M €	-4.6%	90,9 M €	-47.7%	173,9 M €	+11.0%	156,7 M €	+10.1%	142,3 M €	+11.4%	127,7 M €	+7.8%	118,5 M €	+25.0%	94,8 M €	+16.9%	81,1 M €
Cash	1,4 M €	+52.8%	887 k €	-87.3%	7 M €	+82.2%	3,8 M €	-13.2%	4,4 M €	-28.6%	6,2 M €	+45.4%	4,3 M €	+5.3%	4 M €	-41.7%	6,9 M €	+25.9%	5,5 M €	+17.3%	4,7 M €	-53.0%	10 M €	-20.5%	12,6 M €	-37.3%	20,1 M €	+18.1%	17 M €	-5.9%	18,1 M €	+7.3%	16,8 M €	+94.4%	8,7 M €	+135%	3,7 M €
Debts	85,7 M €	+15.1%	74,5 M €	+14.4%	65,1 M €	+32.4%	49,2 M €	+1.5%	48,5 M €	+0.7%	48,1 M €	+3.2%	46,7 M €	-11.9%	52,9 M €	+55.1%	34,1 M €	-39.4%	56,4 M €	+19.1%	47,3 M €	-8.5%	51,7 M €	-27.5%	71,3 M €	+13.1%	63 M €	+16.5%	54,1 M €	+3.9%	52,1 M €	+4.2%	50 M €	+31.8%	37,9 M €	-0.4%	38,1 M €
Other
Workforce	916,5 ETP	+0.0%	916,1 ETP	-6.2%	976,6 ETP	-3.7%	1 014,5 ETP	+0.6%	1 008,3 ETP	-0.7%	1 014,9 ETP	-0.6%	1 020,6 ETP	+8.1%	944,2 ETP	+3.5%	912,6 ETP	+5.7%	863,5 ETP	+9.5%	788,3 ETP	-2.3%	806,6 ETP	-34.3%	1 226,9 ETP	+7.8%	1 137,6 ETP	+4.1%	1 092,9 ETP	+1.3%	1 078,4 ETP	-2.8%	1 109,1 ETP	+7.6%	1 030,5 ETP	+17.5%	877,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 45 ended

Active mandates

ABSOlute Consulting

Director · since 26 janvier 2026 · until 26 juin 2030 · 0895.690.971

Represented by Olivier BEGUIN

Active

RMBV

Director · since 01 septembre 2025 · until 25 juin 2030 · 0823.367.474

Represented by Olivier REMACLE

Active

Edouard HERINCKX

Director · since 25 juin 2024 · until 26 janvier 2026

Active

François Piron

Director · since 25 juin 2024 · until 25 juin 2030 · 0824.098.043

Represented by FRANCOIS PIRON

Active

HC MANAGEMENT

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0797.284.273

Represented by Cédric HERBIET

Active

SPRL Bernard Piron

Director · since 25 juin 2024 · until 25 juin 2030 · 0644.883.021

Represented by BERNARD PIRON

Active

Ended mandates

Edouard HERINCKX

Director · since 25 juin 2024 · until 25 juin 2030

Ended

HC MANAGEMENT

Managing director · since 01 janvier 2023 · until 25 juin 2024 · 0797.284.273

Represented by Cédric HERBIET

Ended

Edouard HERINCKX

Director · since 24 mai 2018 · until 25 juin 2024

Ended

François Piron

Managing director · since 24 mai 2018 · until 25 juin 2024 · 0824.098.043

Represented by François PIRON

Ended

At this address

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PIC EFIMO● Active	0803.395.372
RENOCOSY● Active	0739.587.485
SCHOPPACH INVEST● Active	0526.899.347
THOMAS & PIRON HOLDING● Active	0436.144.563
TP GESTION● Active	0459.561.551

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	27/06/2025	04/07/2024	04/07/2023	04/07/2022	12/07/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	22/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	06/07/2026	French	PDF
Full model	31/12/2024	24/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	25/06/2024	04/07/2024	French	PDF
Full model	31/12/2022	27/06/2023	04/07/2023	French	PDF
Full model	31/12/2021	28/06/2022	04/07/2022	French	PDF
Full model	31/12/2020	22/06/2021	12/07/2021	French	PDF
Full model	31/12/2019	23/06/2020	02/07/2020	French	PDF
Full model	31/12/2018	25/06/2019	04/07/2019	French	PDF
Full model	31/12/2017	24/05/2018	18/06/2018	French	PDF
Full modelCorrection	31/12/2016	26/05/2017	26/06/2017	French	PDF
Full model	31/12/2016	26/05/2017	20/06/2017	French	PDF
Full model	31/12/2015	26/05/2016	13/06/2016	French	PDF
Full model	31/12/2014	28/05/2015	18/06/2015	French	PDF
Full model	31/12/2013	22/05/2014	19/06/2014	French	PDF
Full model	31/12/2012	23/05/2013	17/06/2013	French	PDF
Full model	31/12/2011	24/05/2012	15/06/2012	French	PDF
Full model	31/12/2010	26/05/2011	10/06/2011	French	PDF
Full model	31/12/2009	27/05/2010	22/06/2010	French	PDF
Full model	31/12/2008	28/05/2009	18/06/2009	French	PDF
Full model	31/12/2007	22/05/2008	12/06/2008	French	PDF
Full model	31/12/2006	15/06/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 45 ended

Active mandates

ABSOlute Consulting

Director · since 26 janvier 2026 · until 26 juin 2030 · 0895.690.971

Represented by Olivier BEGUIN

Active

RMBV

Director · since 01 septembre 2025 · until 25 juin 2030 · 0823.367.474

Represented by Olivier REMACLE

Active

Edouard HERINCKX

Director · since 25 juin 2024 · until 26 janvier 2026

Active

François Piron

Director · since 25 juin 2024 · until 25 juin 2030 · 0824.098.043

Represented by FRANCOIS PIRON

Active

HC MANAGEMENT

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0797.284.273

Represented by Cédric HERBIET

Active

SPRL Bernard Piron

Director · since 25 juin 2024 · until 25 juin 2030 · 0644.883.021

Represented by BERNARD PIRON

Active

Ended mandates

Edouard HERINCKX

Director · since 25 juin 2024 · until 25 juin 2030

Ended

HC MANAGEMENT

Managing director · since 01 janvier 2023 · until 25 juin 2024 · 0797.284.273

Represented by Cédric HERBIET

Ended

Edouard HERINCKX

Director · since 24 mai 2018 · until 25 juin 2024

Ended

François Piron

Managing director · since 24 mai 2018 · until 25 juin 2024 · 0824.098.043

Represented by François PIRON

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2026
DEMISSIONS, NOMINATIONS
PDF
Other20/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates15/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/11/2024
DENOMINATION - OBJET
PDF
Mandates03/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

26/01/2026
nominationABSOlute Consulting SRL — administrateur
2025
Annual accounts 202516,6 M €↑
01/09/2025
nominationRMBV SRL — administrateur
2024
Annual accounts 20249,9 M €↑
25/06/2024
nominationSRL FRANCOIS PIRON — administrateur
25/06/2024
nominationSRL HC MANAGEMENT — administrateur
25/06/2024
nominationSRL BERNARD PIRON — administrateur
25/06/2024
nominationHERINCKX Edouard — administrateur
25/06/2024
nominationHC MANAGEMENT — administrateur délégué
2023
Annual accounts 20234,4 M €↓
27/06/2023
reconductionSRL E&Y Réviseurs d'Entreprises — commissaire
24/01/2023
nominationSRL HC MANAGEMENT — administrateur délégué
01/01/2023
nominationSRL HC MANAGEMENT — administrateur
2022
Annual accounts 202215,9 M €↑
2021
Annual accounts 202115,2 M €↑
2021
Name changeTHOMAS & PIRON HOME SA
2020
Annual accounts 202013,6 M €↓
2019
Annual accounts 201914,9 M €↑
2018
Annual accounts 201813,8 M €↓
2017
Annual accounts 201714 M €↓
2016
Annual accounts 201622,1 M €↑
2015
Annual accounts 20157,8 M €↓
2014
Annual accounts 201410,7 M €↓
2014
Name changeTHOMAS ET PIRON HOME
2012
Annual accounts 201213 M €↑
2011
Annual accounts 20119,9 M €↓
2010
Annual accounts 201014 M €↑
2009
Annual accounts 20097,1 M €↓
2008
Annual accounts 200810,6 M €↓
2007
Annual accounts 200714 M €↑
2006
Annual accounts 20068,9 M €
2006
Name changeTHOMAS ET PIRON
10/02/1976
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

THOMAS & PIRON HOME

Overview

What does THOMAS & PIRON HOME do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline