ACTIVE

Thomas & Piron Bâtiment

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Financial year 2025 · Closed on 31/12/2025

Net result7,7 M €-15,5 %over 1 year
Revenue175,9 M €+1,5 %over 1 year
Equity75,5 M €+1,7 %over 1 year
Workforce380,0 ETP-1,2 %over 1 year

Identity

Source · BCE/KBO

Thomas & Piron Bâtiment is a Public limited company incorporated in 2012. Its main activity is: Construction of buildings. Its registered office is in Namur. It employs on average 380,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0848.805.725
Incorporation
19/09/2012
Legal form
Public limited company
Registered office
Rue du Fort d'Andoy(WD) 5
5100 Namur · WallonieSee on map
Contributed capital
10 792 613,00 €
Latest accounts
31/12/2025
Average workforce
380,0 ETP
Joint committees (3)
  • 100
  • 124
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 12 financial years

20252024202320222021
Income statement
Revenue175,9 M €173,2 M €173,4 M €156,1 M €163,1 M €
EBITDA12,5 M €14,6 M €12,1 M €9,6 M €7,4 M €
Operating result10,5 M €12,9 M €8,6 M €6,4 M €5,2 M €
Net result7,7 M €9,2 M €9,6 M €4,1 M €4,4 M €
Balance sheet
Equity75,5 M €74,3 M €72,1 M €62,6 M €58,4 M €
Total assets158,1 M €163,9 M €142,7 M €139,7 M €122,7 M €
Cash3,2 M €5,2 M €10,6 M €9 M €9,2 M €
Debts74,2 M €79,8 M €61,9 M €69,7 M €58,4 M €
Other
Workforce380,0 ETP384,5 ETP395,4 ETP435,0 ETP457,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 38 ended

Active mandates

ABSOlute Consulting

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

Represented by Olivier BEGUIN

Active
François Piron

Director · since 25 juin 2025 · until 25 juin 2030 · 0824.098.043

Represented by François Piron

Active
DLP PROJECT

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0632.990.722

Represented by Pascal Delahaut

Active
Edouard HERINCKX

Director · since 25 juin 2024 · until 25 juin 2030

Active
SMAPIC

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0632.967.956

Represented by Aubry Lefebvre

Active
SPRL Bernard Piron

Chairman of the board of directors · since 25 juin 2024 · until 25 juin 2030 · 0644.883.021

Represented by Bernard Piron

Active

Ended mandates

DLP PROJECT

Managing director · since 27 octobre 2017 · until 25 mai 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 22 juin 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 22 juin 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 25 juin 2024 · 0632.990.722

Represented by Pascal Delahaut

Ended

Other companies at this address

Rue du Fort d'Andoy(WD) 5 5100 Namur
CompanyCBE no.
AUDUIN INVEST● Active
1020.485.233
B32 Renaissance● Active
0631.852.060
B.T.A. CONSTRUCT● Active
0436.835.936
Bureau Cauchy C● Active
0564.856.932
Coeur de Ville● Active
0461.504.125
CORV INVEST● Active
1020.474.147
DUCH INVEST● Active
1020.492.557
EKLOZIO● Active
1008.333.410
EUROVILLAGE● Active
0788.608.416
"Foncière de la Nielle Sud" "Vastgoed Nielle Zuid"● Active
0680.989.884
FONCIERE INVEST● Active
0536.602.911
GATE OF EUROPE NIVELLES BUSINESS PARK REAL ESTATE● Active
0838.453.350
GILLY INVEST● Active
1020.473.949
GRIM INVEST● Active
1020.484.738
Immobilière du Bauloy● Active
0879.717.942
JAUR INVEST● Active
1020.484.936
LESSE HOSPITALITY● Active
0841.905.164
LOVIER INVEST● Active
1020.492.458
MEUSE OFFICE 5● Active
0841.904.471
NORDI● Active
0460.675.071

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date20/08/202608/08/202519/08/202430/06/202301/07/202230/06/2021
General meeting23/06/202624/06/202525/06/202427/06/202328/06/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202523/06/202620/08/2026FrenchPDF
Full model31/12/202424/06/202508/08/2025FrenchPDF
Full model31/12/202325/06/202419/08/2024FrenchPDF
Full model31/12/202227/06/202330/06/2023FrenchPDF
Full model31/12/202128/06/202201/07/2022FrenchPDF
Full model31/12/202022/06/202130/06/2021FrenchPDF
Full model31/12/201923/06/202025/08/2020FrenchPDF
Full model31/12/201825/06/201925/06/2019FrenchPDF
Full model31/12/201722/05/201826/06/2018FrenchPDF
Full model31/12/201623/05/201726/06/2017FrenchPDF
Full model31/12/201524/05/201629/06/2016FrenchPDF
Full model31/12/201426/05/201501/06/2015FrenchPDF
Full model31/12/201320/06/201403/07/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

6 active · 38 ended

Active mandates

ABSOlute Consulting

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

Represented by Olivier BEGUIN

Active
François Piron

Director · since 25 juin 2025 · until 25 juin 2030 · 0824.098.043

Represented by François Piron

Active
DLP PROJECT

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0632.990.722

Represented by Pascal Delahaut

Active
Edouard HERINCKX

Director · since 25 juin 2024 · until 25 juin 2030

Active
SMAPIC

Managing director · since 25 juin 2024 · until 25 juin 2030 · 0632.967.956

Represented by Aubry Lefebvre

Active
SPRL Bernard Piron

Chairman of the board of directors · since 25 juin 2024 · until 25 juin 2030 · 0644.883.021

Represented by Bernard Piron

Active

Ended mandates

DLP PROJECT

Managing director · since 27 octobre 2017 · until 25 mai 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 22 juin 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 22 juin 2021 · 0632.990.722

Represented by Pascal Delahaut

Ended
DLP PROJECT

Managing director · since 27 octobre 2017 · until 25 juin 2024 · 0632.990.722

Represented by Pascal Delahaut

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring15/09/2026
    Fusion de sociétés — Procès-verbal de la société absorbante
    PDF
  • Restructuring01/06/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates21/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/11/2023
    DENOMINATION - OBJET
    PDF
  • Mandates19/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/08/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 26/01/2026
    nominationSRL ABSOlute Consulting — administrateur
  2. 2025
    Annual accounts 20257,7 M €↓
  3. 2024
    Annual accounts 20249,2 M €↓
  4. 25/06/2024
    reconductionDLP PROJECT SRL — administrateur délégué
  5. 25/06/2024
    reconductionSMAPIC SRL — administrateur délégué
  6. 25/06/2024
    reconductionBernard PIRON SRL — administrateur — Président de l'organe d'administration
  7. 25/06/2024
    reconductionFrançois PIRON SRL — administrateur
  8. 25/06/2024
    reconductionEdouard HERINCKX — administrateur
  9. 2023
    Annual accounts 20239,6 M €↑
  10. 2023
    Name changeThomas & Piron Bâtiment SA
  11. 2022
    Annual accounts 20224,1 M €↓
  12. 2021
    Annual accounts 20214,4 M €↓
  13. 2021
    Name changeTHOMAS ET PIRON BATIMENT
  14. 2020
    Annual accounts 20206,9 M €↑
  15. 2019
    Annual accounts 20192,5 M €↓
  16. 2018
    Annual accounts 20185,4 M €↓
  17. 2017
    Annual accounts 201713,2 M €↓
  18. 2016
    Annual accounts 201615,9 M €↑
  19. 2015
    Annual accounts 20151,4 M €↓
  20. 2014
    Annual accounts 20143,9 M €
  21. 19/09/2012
    IncorporationPublic limited company