ACTIVE

TiHeCon

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Financial year 2025 · closed on 31/12/2025
Net result
40,6 k €
+33.7% YoY
Gross margin
82,7 k €
+7.5% YoY
Equity
243,4 k €
+20.0% YoY

What does TiHeCon do?

TiHeCon is a Private limited company incorporated in 2012. Its main activity is: Computer consultancy activities. Its registered office is in Sint-Gillis-Waas.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0847.909.563
Incorporation
08/08/2012
Legal form
Private limited company
Registered office
Eeckbergstraat(SGW) 1b
9170 Sint-Gillis-Waas · FlandreSee on map
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin82,7 k €76,9 k €61,8 k €81,4 k €78,4 k €97,2 k €91,1 k €90,4 k €92,7 k €91,8 k €99,7 k €94,4 k €111,7 k €
EBITDA81 k €75,7 k €60,7 k €80,2 k €41,8 k €95,3 k €89,3 k €87,7 k €90,8 k €89,7 k €99,1 k €82,5 k €110,5 k €
Operating result74,1 k €72,1 k €53,9 k €75,1 k €25,8 k €70 k €63,1 k €64,5 k €71,6 k €69,8 k €91,7 k €75,4 k €105,3 k €
Net result40,6 k €30,3 k €38,8 k €60,2 k €20,3 k €55 k €40,3 k €41,1 k €40,2 k €43,1 k €58,9 k €48,9 k €70,8 k €
Balance sheet
Equity243,4 k €202,8 k €234,5 k €220,8 k €200,5 k €220,2 k €166 k €126,4 k €100,3 k €62,5 k €21,9 k €20,9 k €87 k €
Total assets299,6 k €286,8 k €284,8 k €281,2 k €276,9 k €478,9 k €437,7 k €437,4 k €377,5 k €389 k €117,3 k €209,7 k €127,9 k €
Cash114,2 k €115,9 k €90 k €83 k €88,2 k €58,6 k €80,7 k €85,1 k €39,4 k €38,4 k €53,4 k €170,3 k €103,9 k €
Debts56,2 k €83,9 k €50,3 k €60,4 k €76,4 k €258,7 k €271,3 k €310,6 k €276,8 k €325,8 k €95,4 k €188,8 k €40,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

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

Active mandates

Tim Heirman

Director

Active

Ended mandates

Tim Heirman

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202631/03/202501/03/202428/02/202323/02/202229/06/2021
General meeting20/06/202618/03/202528/02/202415/02/202315/02/202219/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/06/202603/07/2026DutchPDF
Micro model31/12/202418/03/202531/03/2025DutchPDF
Micro model31/12/202328/02/202401/03/2024DutchPDF
Micro model31/12/202215/02/202328/02/2023DutchPDF
Micro model31/12/202115/02/202223/02/2022DutchPDF
Micro model31/12/202019/06/202129/06/2021DutchPDF
Micro model31/12/201920/06/202024/06/2020DutchPDF
Micro model31/12/201815/06/201926/06/2019DutchPDF
Micro model31/12/201716/06/201818/06/2018DutchPDF
Abridged model31/12/201617/06/201721/06/2017DutchPDF
Abridged model31/12/201518/06/201620/06/2016DutchPDF
Abridged model31/12/201420/06/201529/06/2015DutchPDF
Abridged model31/12/201321/06/201428/06/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 1 ended

Active mandates

Tim Heirman

Director

Active

Ended mandates

Tim Heirman

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/11/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office24/03/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other10/08/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202540,6 k €↑
  2. 2024
    Annual accounts 202430,3 k €↓
  3. 2023
    Annual accounts 202338,8 k €↓
  4. 2022
    Annual accounts 202260,2 k €↑
  5. 2021
    Annual accounts 202120,3 k €↓
  6. 2020
    Annual accounts 202055 k €↑
  7. 2019
    Annual accounts 201940,3 k €↓
  8. 2018
    Annual accounts 201841,1 k €↑
  9. 2017
    Annual accounts 201740,2 k €↓
  10. 2016
    Annual accounts 201643,1 k €↓
  11. 2015
    Annual accounts 201558,9 k €↑
  12. 2014
    Annual accounts 201448,9 k €↓
  13. 2013
    Annual accounts 201370,8 k €
  14. 08/08/2012
    IncorporationPrivate limited company