ACTIVE

THOMAS & PIRON HOLDING

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Financial year 2025 · Closed on 31/12/2025

Net result5,9 M €+139,3 %over 1 year

Revenue12 M €+33,8 %over 1 year

Equity156,6 M €+3,9 %over 1 year

Workforce39,1 ETP+11,1 %over 1 year

Identity

Source · BCE/KBO

THOMAS & PIRON HOLDING is a Public limited company incorporated in 1988. Its main activity is: Management consultancy activities. Its registered office is in Paliseul. It employs on average 39,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0436.144.563
Incorporation: 14/12/1988
Legal form: Public limited company
Registered office: Rue de la Besace, Our 14
6852 Paliseul · WallonieSee on map
Contributed capital: 12 597 567,79 €
Latest accounts: 31/12/2025
Average workforce: 39,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitablePositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 41 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	12 M €	+33.8%	8,9 M €	+4.1%	8,6 M €	+2.3%	8,4 M €	+22.9%	6,8 M €
EBITDA	-1,6 M €	+87.0%	-12,4 M €	-381%	-2,6 M €	-433%	775,3 k €	+167%	-1,2 M €
Operating result	-1,8 M €	+86.2%	-12,8 M €	-340%	-2,9 M €	-765%	438,4 k €	+130%	-1,5 M €
Net result	5,9 M €	+139%	-15 M €	-361%	5,7 M €	-32.6%	8,5 M €	+11.2%	7,7 M €
Balance sheet
Equity	156,6 M €	+3.9%	150,8 M €	-9.0%	165,7 M €	+3.6%	160 M €	+5.6%	151,5 M €
Total assets	574,6 M €	+1.9%	563,8 M €	+26.8%	444,8 M €	+6.3%	418,3 M €	+10.3%	379,1 M €
Cash	33,9 M €	+47.2%	23,1 M €	+103%	11,4 M €	-3.0%	11,7 M €	-41.6%	20,1 M €
Debts	415,5 M €	+1.2%	410,6 M €	+48.5%	276,4 M €	+7.8%	256,6 M €	+13.7%	225,7 M €
Other
Workforce	39,1 ETP	+11.1%	35,2 ETP	+7.0%	32,9 ETP	+8.6%	30,3 ETP	+0.7%	30,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABSOlute Consulting0895.690.971Represented by Olivier Beguin	Managing director01/01/2026 → 25/06/2026
Edouard HERINCKX	Director01/01/2026 → 25/06/2026Managing director25/08/2017 → 2024 accountsended
SESVENNA INVESTMENT SARepresented by François Piron	Chairman of the board of directors01/01/2023 → 25/06/2026Managing director01/01/2023 → 25/06/2026
FROM THE FACTORY0784.913.211Represented by Philippe Delusinne	Director13/10/2022 → 25/06/2026
André SELENNE	Director12/11/2014 → 25/06/2026
CASSIOPEE0686.710.312Represented by Etienne DEWULF	Director19/06/2018 → 25/06/2026
Christian BASTIN	Director24/09/2014 → 25/06/2026
Jacques PETERS	Director20/02/2018 → 25/06/2026
SPRL Bernard Piron0644.883.021Represented by Bernard PIRON	Director31/12/2016 → 25/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Callens SRL0774.778.689Represented by Philippe Callens	Director01/01/2023 → 2024 accounts
Chrisitan BASTIN	Director25/06/2020 → 2023 accounts
François Piron0824.098.043Represented by François PIRON	Managing director25/06/2020 → 24/03/2023

Other companies at this address

Rue de la Besace, Our 14 6852 Paliseul

Company	CBE no.
CLE DES ARDENNES● Active	0673.501.583
DESSIN PERFORMANCE ENERGIE● Active	0438.142.070
EFIMO FP● Active	0803.395.966
ESPACES PROMOTION● Active	0439.986.258
FONDETRE● Active	0550.409.573
FRÊNESAGRI● Active	0555.729.430
Heinsch Recycling● Active	0769.301.654
LA FOLIE● Active	0477.672.441
M2J● Active	0881.175.021
PIC EFIMO● Active	0803.395.372
RENOCOSY● Active	0739.587.485
SCHOPPACH INVEST● Active	0526.899.347
THOMAS & PIRON HOME● Active	0415.776.939
TP GESTION● Active	0459.561.551

Full financial information

Source · NBB

	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	16/07/2026	08/07/2025	04/07/2024	31/08/2023	18/08/2022	07/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	29/06/2022	24/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 41 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	08/07/2025	French	PDF
Consolidated accounts	31/12/2024	26/06/2025	10/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	04/07/2024	French	PDF
Consolidated accounts	31/12/2023	27/06/2024	04/07/2024	French	PDF
Full model	31/12/2022	29/06/2023	31/08/2023	French	PDF
Consolidated accountsCorrection	31/12/2022	29/06/2023	13/09/2023	French	PDF
Consolidated accounts	31/12/2022	29/06/2023	31/08/2023	French	PDF
Full model	31/12/2021	29/06/2022	18/08/2022	French	PDF
Consolidated accounts	31/12/2021	30/06/2022	18/08/2022	French	PDF
Full model	31/12/2020	24/06/2021	07/07/2021	French	PDF
Consolidated accounts	31/12/2020	24/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	25/06/2020	13/07/2020	French	PDF
Consolidated accounts	31/12/2019	25/06/2020	13/07/2020	French	PDF
Full model	31/12/2018	27/06/2019	19/08/2019	French	PDF
Consolidated accountsCorrection	31/12/2018	27/06/2019	19/08/2019	French	PDF
Consolidated accounts	31/12/2018	27/06/2019	06/08/2019	French	PDF
Full model	31/12/2017	19/06/2018	09/07/2018	French	PDF
Consolidated accounts	31/12/2017	19/06/2018	09/07/2018	French	PDF
Full model	31/12/2016	20/06/2017	07/07/2017	French	PDF
Consolidated accounts	31/12/2016	20/06/2017	22/06/2017	French	PDF
Full model	31/12/2015	28/06/2016	04/07/2016	French	PDF
Consolidated accounts	31/12/2015	28/06/2016	04/07/2016	French	PDF
Full model	31/12/2014	01/06/2015	15/06/2015	French	PDF

View all 41 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABSOlute Consulting0895.690.971Represented by Olivier Beguin	Managing director01/01/2026 → 25/06/2026
Edouard HERINCKX	Director01/01/2026 → 25/06/2026Managing director25/08/2017 → 2024 accountsended
SESVENNA INVESTMENT SARepresented by François Piron	Chairman of the board of directors01/01/2023 → 25/06/2026Managing director01/01/2023 → 25/06/2026
FROM THE FACTORY0784.913.211Represented by Philippe Delusinne	Director13/10/2022 → 25/06/2026
André SELENNE	Director12/11/2014 → 25/06/2026
CASSIOPEE0686.710.312Represented by Etienne DEWULF	Director19/06/2018 → 25/06/2026
Christian BASTIN	Director24/09/2014 → 25/06/2026
Jacques PETERS	Director20/02/2018 → 25/06/2026
SPRL Bernard Piron0644.883.021Represented by Bernard PIRON	Director31/12/2016 → 25/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Callens SRL0774.778.689Represented by Philippe Callens	Director01/01/2023 → 2024 accounts
Chrisitan BASTIN	Director25/06/2020 → 2023 accounts
François Piron0824.098.043Represented by François PIRON	Managing director25/06/2020 → 24/03/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/10/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2026
Renouvellement des mandats d'administrateurs et du mandat du
PDF
Mandates20/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

ABSOlute Consulting

Edouard HERINCKX

SESVENNA INVESTMENT SA

FROM THE FACTORY

SPRL Bernard Piron

CASSIOPEE

Christian BASTIN

André SELENNE

Jacques PETERS

Philippe Callens SRL

François Piron

Chrisitan BASTIN

Show the 4 other mandates

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

TP HoldingTHOMAS & PIRON HOLDINGTP FINANCE

Rue de la Besace, Our 14, 6852 Maissin

Managing director

Chairman of the board of directorsManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Besace, Our 14, 6852 MaissinCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00306811

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
THOMAS & PIRON HOLDINGCurrent		CBE
TP Holding	accounts 2022 → 2025	Accounts 2025 · 2026-00306811
T.P. HOLDING	accounts 2021	Accounts 2021 · 2022-20307554
THOMAS & PIRON HOLDING	accounts 2013 → 2020	Accounts 2020 · 2021-32500318
TP FINANCE	accounts 2006 → 2012	Accounts 2012 · 2013-25700187

Events

01/01/2026
nominationSRL ABSOlute Consulting · administrateur
2025
Annual accounts 20255,9 M €↑
2024
Annual accounts 2024-15 M €↓
05/03/2024
nominationSESVENNA INVESTMENT · administrateur-délégué et président
05/03/2024
nominationEdouard HERINCKX · administrateur-délégué
05/03/2024
nominationSRL BERNARD PIRON · administrateur
05/03/2024
nominationSRL CASSIOPÉE · administrateur
05/03/2024
nominationAndré SELENNE · administrateur
05/03/2024
nominationChristian BASTIN · administrateur
05/03/2024
nominationJacques PETERS · administrateur
05/03/2024
nominationSComm FROM THE FACTORY · administrateur
2023
Annual accounts 20235,7 M €↓
29/06/2023
reconductionEY REVISEURS D'ENTREPRISES · commissaire
01/01/2023
nominationSESVENNA INVESTMENT · administrateur
01/01/2023
nominationPHILIPPE CALLENS · administrateur
2022
Annual accounts 20228,5 M €↑
2022
Name changeTP Holding
13/10/2022
nominationFROM THE FACTORY · administrateur
04/05/2022
augmentation_capital
2021
Annual accounts 20217,7 M €↑
2021
Name changeT.P. HOLDING
2020
Annual accounts 20205,2 M €↓
2019
Annual accounts 201916,1 M €↑
2018
Annual accounts 2018-2,8 M €↓
2017
Annual accounts 201735,6 M €↑
2016
Annual accounts 20169 M €↓
2015
Annual accounts 201525,5 M €↓
2014
Annual accounts 201433,3 M €↑
2013
Annual accounts 20135,8 M €↑
2013
Name changeTHOMAS & PIRON HOLDING
2012
Annual accounts 2012748,1 k €↓
2011
Annual accounts 20117,8 M €↑
2010
Annual accounts 2010575,4 k €↓
2009
Annual accounts 200917 M €↑
2008
Annual accounts 20082,3 M €↓
2007
Annual accounts 20078,5 M €↑
2006
Annual accounts 20062,6 M €
14/12/1988
IncorporationPublic limited company

THOMAS & PIRON HOLDING

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events