ACTIVE

TITULUS PICTUS

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Financial year 2025 · closed on 31/12/2025

Net result

-377,5 k €

-926.6% YoY

Gross margin

394,1 k €

+11.9% YoY

Equity

-174,5 k €

-184.3% YoY

Workforce

4,8 ETP

-30.4% YoY

What does TITULUS PICTUS do?

TITULUS PICTUS is a Public limited company incorporated in 2011. Its registered office is in Ixelles. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.631.442

Incorporation

19/04/2011

Legal form

Public limited company

Registered office

Chaussée de Wavre 167 box A
1050 Ixelles · BruxellesSee on map

Contributed capital

110 000,00 €

Latest accounts

31/12/2025

Average workforce

4,8 ETP

Signals

Healthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	394,1 k €	+11.9%	352,2 k €	+23.2%	285,8 k €	-15.7%	339,2 k €	+4.8%	323,7 k €	+52.5%	212,2 k €	-10.8%	237,9 k €	+48.5%	160,2 k €	+10.6%	144,8 k €	+5.0%	138 k €	+47.1%	93,8 k €	+93.1%	48,6 k €	+18.4%	41 k €	+22.3%	33,5 k €	+200%	11,2 k €
EBITDA	-42,4 k €	-179%	53,8 k €	+143%	22,2 k €	-76.3%	93,6 k €	-46.6%	175,2 k €	+49.8%	117 k €	+52.7%	76,6 k €	+260%	21,3 k €	-37.1%	33,8 k €	-22.9%	43,9 k €	+1.6%	43,2 k €	+1.2%	42,7 k €	+8.8%	39,2 k €	+22.0%	32,1 k €	+225%	9,9 k €
Operating result	-342,1 k €	-7919%	4,4 k €	+114%	-31 k €	-168%	45,4 k €	-64.9%	129,3 k €	+85.7%	69,6 k €	+50.5%	46,3 k €	+969%	-5,3 k €	-140%	13,2 k €	-31.0%	19,1 k €	+36.7%	14 k €	-51.1%	28,5 k €	+24.5%	22,9 k €	+38.5%	16,5 k €	+443%	-4,8 k €
Net result	-377,5 k €	-927%	-36,8 k €	+45.1%	-67 k €	-770%	10 k €	-88.1%	84 k €	+109%	40,2 k €	+46.5%	27,4 k €	+252%	-18 k €	-287%	9,6 k €	+536%	1,5 k €	+367%	-566 €	-104%	13,8 k €	+7.7%	12,9 k €	-14.5%	15 k €	+358%	-5,8 k €
Balance sheet
Equity	-174,5 k €	-184%	206,9 k €	-16.1%	246,5 k €	-22.1%	316,3 k €	+2.3%	309,1 k €	+36.5%	226,4 k €	+42.2%	159,2 k €	+19.4%	133,4 k €	-12.8%	153 k €	+5.6%	144,9 k €	-0.0%	144,9 k €	+25.1%	115,8 k €	-1.7%	117,7 k €	-1.2%	119,2 k €	+14.4%	104,2 k €
Total assets	1,3 M €	-26.7%	1,7 M €	-6.0%	1,8 M €	-0.1%	1,8 M €	+0.1%	1,8 M €	+18.7%	1,5 M €	+46.4%	1,1 M €	-2.9%	1,1 M €	+44.6%	753,7 k €	+9.5%	688,6 k €	-4.2%	718,8 k €	+121%	325,2 k €	+58.9%	204,7 k €	+9.6%	186,9 k €	+15.1%	162,3 k €
Cash	54,2 k €	-6.2%	57,8 k €	-39.7%	95,9 k €	+23.3%	77,8 k €	-15.3%	91,8 k €	+45.6%	63 k €	+145%	25,7 k €	-90.6%	275,3 k €	+468%	48,4 k €	+184%	17 k €	-67.8%	52,9 k €	+37.9%	38,4 k €	+172%	14,1 k €	-30.9%	20,4 k €	-41.3%	34,8 k €
Debts	1,4 M €	-5.2%	1,5 M €	-4.3%	1,6 M €	+4.2%	1,5 M €	-0.4%	1,5 M €	+15.8%	1,3 M €	+47.0%	898,7 k €	-6.1%	956,6 k €	+59.2%	600,8 k €	+10.5%	543,6 k €	-5.3%	573,9 k €	+174%	209,4 k €	+141%	87 k €	+28.5%	67,7 k €	+16.4%	58,2 k €
Other
Workforce	4,8 ETP	-30.4%	6,9 ETP	+11.3%	6,2 ETP	-100.0%	230 492,4 ETP	+5909962%	3,9 ETP	+5.4%	3,7 ETP	-7.5%	4,0 ETP	+17.6%	3,4 ETP		–		2,2 ETP	+83.3%	1,2 ETP		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 12 ended

Active mandates

Agathe Marie PLUMEREAU

Mandate

Active

Baptiste Lardeux

Director · until 15 avril 2024

Active

Martin Schulthes

Director

Active

Philippe Mesnier

Director

Active

Ended mandates

Baptiste Lardeux

Managing director · since 19 avril 2011 · until 30 mai 2016

Ended

Jean-Paul Dispaux

Chairman of the board of directors · since 19 avril 2011 · until 30 mai 2016

Ended

Martin Schulthes

Director · since 19 avril 2011 · until 30 mai 2016

Ended

Philippe Mesnier

Director · since 19 avril 2011 · until 30 juillet 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de la Résidence Paradisio - Bloc E / Superstructure sise à Ixelles, chaussée de Wavre 167-173 et rue Goffaert 32● Active	0893.933.192

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	29/08/2026	31/08/2025	30/08/2024	22/10/2023	29/08/2022	31/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	11/05/2022	11/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	22/10/2023	French	PDF
Abridged model	31/12/2021	11/05/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	12/07/2018	04/08/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	27/08/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	26/07/2012	French	PDF

Estimate

Indicative valuation

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 · 4 active · 12 ended

Active mandates

Agathe Marie PLUMEREAU

Mandate

Active

Baptiste Lardeux

Director · until 15 avril 2024

Active

Martin Schulthes

Director

Active

Philippe Mesnier

Director

Active

Ended mandates

Baptiste Lardeux

Managing director · since 19 avril 2011 · until 30 mai 2016

Ended

Jean-Paul Dispaux

Chairman of the board of directors · since 19 avril 2011 · until 30 mai 2016

Ended

Martin Schulthes

Director · since 19 avril 2011 · until 30 mai 2016

Ended

Philippe Mesnier

Director · since 19 avril 2011 · until 30 juillet 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2018
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates15/03/2013
DEMISSIONS, NOMINATIONS
PDF
Other02/05/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-377,5 k €↓
2024
Annual accounts 2024-36,8 k €↑
2023
Annual accounts 2023-67 k €↓
2022
Annual accounts 202210 k €↓
2021
Annual accounts 202184 k €↑
2020
Annual accounts 202040,2 k €↑
2019
Annual accounts 201927,4 k €↑
2018
Annual accounts 2018-18 k €↓
2017
Annual accounts 20179,6 k €↑
2016
Annual accounts 20161,5 k €↑
2015
Annual accounts 2015-566 €↓
2014
Annual accounts 201413,8 k €↑
2013
Annual accounts 201312,9 k €↓
2012
Annual accounts 201215 k €↑
2011
Annual accounts 2011-5,8 k €
19/04/2011
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

TITULUS PICTUS

Overview

What does TITULUS PICTUS do?

Trend over 15 financial years

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