ACTIVE

TILLIEU

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Financial year 2025 · closed on 31/12/2025

Net result

-69,4 k €

-60.9% YoY

Gross margin

366,2 k €

+1.6% YoY

Equity

440,1 k €

-13.6% YoY

Workforce

3,4 ETP

-12.8% YoY

What does TILLIEU do?

TILLIEU is a Private limited company incorporated in 1987. Its registered office is in Kruisem. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.828.360

Incorporation

01/07/1987

Legal form

Private limited company

Registered office

Maldegemstraat 17
9750 Kruisem · FlandreSee on map

Contributed capital

29 750,00 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	366,2 k €	+1.6%	360,3 k €	-16.1%	429,4 k €	-8.6%	469,9 k €	+10.8%	424,2 k €	+29.5%	327,7 k €	-8.0%	356,3 k €	+23.2%	289,1 k €	+12.0%	258,1 k €	+0.5%	257 k €	+10.7%	232 k €	-4.5%	242,9 k €	-2.6%	249,5 k €	+10.7%	225,4 k €	-14.3%	262,9 k €	-8.2%	286,4 k €	+68.5%	170 k €	+16.6%	145,8 k €
EBITDA	35,3 k €	-16.4%	42,2 k €	-55.3%	94,4 k €	-37.2%	150,3 k €	+66.6%	90,2 k €	-32.2%	133,2 k €	-19.8%	166,1 k €	+47.9%	112,4 k €	+10.5%	101,6 k €	+10.6%	91,9 k €	-7.7%	99,7 k €	+6.6%	93,5 k €	-7.1%	100,6 k €	+28.9%	78,1 k €	-33.4%	117,1 k €	-24.0%	154,1 k €	+70.6%	90,3 k €	+8.4%	83,4 k €
Operating result	-64,7 k €	-57.1%	-41,2 k €	-249%	27,7 k €	-63.3%	75,6 k €	+159%	29,2 k €	-52.3%	61,3 k €	-38.1%	99 k €	+12.1%	88,4 k €	+47.0%	60,1 k €	-21.6%	76,6 k €	-0.9%	77,3 k €	+32.9%	58,1 k €	+124%	26 k €	+160%	10 k €	-76.6%	42,8 k €	-23.7%	56,1 k €	+113%	26,4 k €	-45.0%	47,9 k €
Net result	-69,4 k €	-60.9%	-43,1 k €	-353%	17,1 k €	-72.1%	61,1 k €	+122%	27,5 k €	-39.1%	45,2 k €	-31.0%	65,5 k €	+5.9%	61,8 k €	+53.7%	40,2 k €	-29.7%	57,2 k €	-0.2%	57,3 k €	+33.7%	42,9 k €	+43.9%	29,8 k €	+460%	5,3 k €	-80.6%	27,5 k €	-41.1%	46,6 k €	+141%	19,4 k €	-43.7%	34,4 k €
Balance sheet
Equity	440,1 k €	-13.6%	509,5 k €	-16.4%	609,7 k €	-4.4%	637,6 k €	+0.2%	636,6 k €	-11.2%	716,8 k €	+6.7%	671,6 k €	+10.8%	606,1 k €	+11.4%	544,3 k €	+8.0%	504,1 k €	+12.8%	446,9 k €	+14.7%	389,5 k €	+12.4%	346,7 k €	+9.4%	316,9 k €	+1.7%	311,6 k €	+9.7%	284,1 k €	+19.6%	237,5 k €	+8.9%	218,1 k €
Total assets	731,7 k €	-22.9%	949,1 k €	-4.2%	990,6 k €	-4.8%	1 M €	+8.7%	957,7 k €	-3.9%	996,4 k €	+10.2%	904,3 k €	+9.3%	827,7 k €	-6.0%	880,9 k €	+39.5%	631,5 k €	-2.4%	646,7 k €	-28.8%	907,7 k €	+42.2%	638,2 k €	+2.4%	623,4 k €	-7.7%	675,6 k €	+2.3%	660,3 k €	+19.6%	552 k €	+45.8%	378,6 k €
Cash	235,8 k €	+7.9%	218,5 k €	-32.5%	323,7 k €	+32.3%	244,7 k €	-28.2%	340,9 k €	-24.4%	451,1 k €	-3.4%	467 k €	-8.5%	510,2 k €	+1.3%	503,7 k €	+19.0%	423,4 k €	+22.2%	346,4 k €	-20.9%	438,2 k €	+59.6%	274,5 k €	+43.8%	190,9 k €	-10.1%	212,3 k €	+0.4%	211,5 k €	-9.1%	232,6 k €	+45.3%	160,1 k €
Debts	291,3 k €	-33.7%	439,6 k €	+15.7%	380 k €	-4.2%	396,8 k €	+23.8%	320,6 k €	+15.2%	278,4 k €	+20.1%	231,7 k €	+5.5%	219,7 k €	-34.7%	336,5 k €	+164%	127,4 k €	-35.7%	198 k €	-61.8%	518 k €	+77.7%	291,4 k €	-4.7%	305,8 k €	-15.9%	363,4 k €	-3.2%	375,3 k €	+19.7%	313,6 k €	+95.3%	160,5 k €
Other
Workforce	3,4 ETP	-12.8%	3,9 ETP	0.0%	3,9 ETP	-2.5%	4,0 ETP	-14.9%	4,7 ETP	+56.7%	3,0 ETP	-25.0%	4,0 ETP	+8.1%	3,7 ETP	+5.7%	3,5 ETP	+2.9%	3,4 ETP	+3.0%	3,3 ETP	+6.5%	3,1 ETP	0.0%	3,1 ETP	0.0%	3,1 ETP	0.0%	3,1 ETP	+6.9%	2,9 ETP	+52.6%	1,9 ETP	+26.7%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Tillieu Consulting Company

Director · 0750.805.932

Represented by Filip Tillieu

Active

Ended mandates

Tillieu Consulting Company

Director · since 17 janvier 2025 · 0750.805.932

Represented by Billy TILLIEU

Ended

Billy Tillieu

Director · since 10 août 2020 · until 17 janvier 2025

Ended

Billy Tillieu

Director · since 10 août 2020

Ended

Tillieu Consulting Company

Director · since 10 août 2020 · 0750.805.932

Represented by Filip Tillieu

Ended

At this address

Other companies at this address

Company	CBE no.
Tillieu Consulting Company● Active	0750.805.932

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2026	01/07/2025	03/07/2024	13/07/2023	28/06/2022	25/06/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/01/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	17/06/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 16 ended

Active mandates

Tillieu Consulting Company

Director · 0750.805.932

Represented by Filip Tillieu

Active

Ended mandates

Tillieu Consulting Company

Director · since 17 janvier 2025 · 0750.805.932

Represented by Billy TILLIEU

Ended

Billy Tillieu

Director · since 10 août 2020 · until 17 janvier 2025

Ended

Billy Tillieu

Director · since 10 août 2020

Ended

Tillieu Consulting Company

Director · since 10 août 2020 · 0750.805.932

Represented by Filip Tillieu

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates22/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025-69,4 k €↓
2024
Annual accounts 2024-43,1 k €↓
2023
Annual accounts 202317,1 k €↓
2022
Annual accounts 202261,1 k €↑
2021
Annual accounts 202127,5 k €↓
2018
Annual accounts 201845,2 k €↓
2017
Annual accounts 201765,5 k €↑
2016
Annual accounts 201661,8 k €↑
2015
Annual accounts 201540,2 k €↓
2014
Annual accounts 201457,2 k €↓
2013
Annual accounts 201357,3 k €↑
2012
Annual accounts 201242,9 k €↑
2011
Annual accounts 201129,8 k €↑
2010
Annual accounts 20105,3 k €↓
2009
Annual accounts 200927,5 k €↓
2008
Annual accounts 200846,6 k €↑
2007
Annual accounts 200719,4 k €↓
2006
Annual accounts 200634,4 k €
01/07/1987
IncorporationPrivate 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

TILLIEU

Overview

What does TILLIEU do?

Trend over 18 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