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

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	175,9 M €	+1.5%	173,2 M €	-0.1%	173,4 M €	+11.0%	156,1 M €	-4.3%	163,1 M €
EBITDA	12,5 M €	-14.6%	14,6 M €	+21.3%	12,1 M €	+25.2%	9,6 M €	+29.5%	7,4 M €
Operating result	10,5 M €	-18.6%	12,9 M €	+50.4%	8,6 M €	+33.6%	6,4 M €	+23.2%	5,2 M €
Net result	7,7 M €	-15.5%	9,2 M €	-4.3%	9,6 M €	+131%	4,1 M €	-5.2%	4,4 M €
Balance sheet
Equity	75,5 M €	+1.7%	74,3 M €	+3.0%	72,1 M €	+15.3%	62,6 M €	+7.1%	58,4 M €
Total assets	158,1 M €	-3.5%	163,9 M €	+14.9%	142,7 M €	+2.1%	139,7 M €	+13.9%	122,7 M €
Cash	3,2 M €	-38.0%	5,2 M €	-51.4%	10,6 M €	+18.5%	9 M €	-2.3%	9,2 M €
Debts	74,2 M €	-7.0%	79,8 M €	+29.0%	61,9 M €	-11.2%	69,7 M €	+19.3%	58,4 M €
Other
Workforce	380,0 ETP	-1.2%	384,5 ETP	-2.8%	395,4 ETP	-9.1%	435,0 ETP	-4.9%	457,6 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 · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABSOlute Consulting0895.690.971Represented by Olivier BEGUIN	Director26/01/2026 → 26/06/2030
François Piron0824.098.043Represented by François Piron	Director27/10/2014 → 25/06/2030
DLP PROJECT0632.990.722Represented by Pascal Delahaut	Managing director27/10/2017 → 25/06/2030Director01/07/2015 → 2015 accountsended
Edouard HERINCKX	Director27/10/2017 → 25/06/2030Managing director01/01/2016 → 2017 accountsended
SMAPIC0632.967.956Represented by Aubry Lefebvre	Managing director27/10/2017 → 25/06/2030Director01/07/2015 → 2015 accountsended
SPRL Bernard Piron0644.883.021Represented by Bernard Piron	Chairman of the board of directors08/08/2017 → 25/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis-Marie Piron	Director20/09/2012 → 27/10/2014
Bernard Piron	Chairman of the board of directors19/09/2012 → 08/08/2017
Etienne Dewulf0875.784.690Represented by Etienne Dewulf	Managing director19/09/2012 → 2015 accounts

Other companies at this address

Rue du Fort d'Andoy(WD) 5 5100 Namur

Company	CBE 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

	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	20/08/2026	08/08/2025	19/08/2024	30/06/2023	01/07/2022	30/06/2021
General meeting	23/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	22/06/2021
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, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	20/08/2026	French	PDF
Full model	31/12/2024	24/06/2025	08/08/2025	French	PDF
Full model	31/12/2023	25/06/2024	19/08/2024	French	PDF
Full model	31/12/2022	27/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	28/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	22/06/2021	30/06/2021	French	PDF
Full model	31/12/2019	23/06/2020	25/08/2020	French	PDF
Full model	31/12/2018	25/06/2019	25/06/2019	French	PDF
Full model	31/12/2017	22/05/2018	26/06/2018	French	PDF
Full model	31/12/2016	23/05/2017	26/06/2017	French	PDF
Full model	31/12/2015	24/05/2016	29/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	01/06/2015	French	PDF
Full model	31/12/2013	20/06/2014	03/07/2014	French	PDF

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 · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ABSOlute Consulting0895.690.971Represented by Olivier BEGUIN	Director26/01/2026 → 26/06/2030
François Piron0824.098.043Represented by François Piron	Director27/10/2014 → 25/06/2030
DLP PROJECT0632.990.722Represented by Pascal Delahaut	Managing director27/10/2017 → 25/06/2030Director01/07/2015 → 2015 accountsended
Edouard HERINCKX	Director27/10/2017 → 25/06/2030Managing director01/01/2016 → 2017 accountsended
SMAPIC0632.967.956Represented by Aubry Lefebvre	Managing director27/10/2017 → 25/06/2030Director01/07/2015 → 2015 accountsended
SPRL Bernard Piron0644.883.021Represented by Bernard Piron	Chairman of the board of directors08/08/2017 → 25/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis-Marie Piron	Director20/09/2012 → 27/10/2014
Bernard Piron	Chairman of the board of directors19/09/2012 → 08/08/2017
Etienne Dewulf0875.784.690Represented by Etienne Dewulf	Managing director19/09/2012 → 2015 accounts

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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

ABSOlute Consulting

François Piron

SMAPIC

DLP PROJECT

SPRL Bernard Piron

Edouard HERINCKX

Louis-Marie Piron

Etienne Dewulf

Bernard Piron

Isidore THIJS

2012201320142015201620172018201920202021202220232024202520262027202820292030

Thomas & Piron BâtimentTHOMAS ET PIRON BATIMENT

Rue du Fort d'Andoy(WD) 5, 5100 Jambes (Namur)

Director

Managing director

Chairman of the board of directors

DirectorManaging director

Director

Managing director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Fort d'Andoy(WD) 5, 5100 Jambes (Namur)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00419830

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Thomas & Piron BâtimentCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00419830
THOMAS ET PIRON BATIMENT	accounts 2021 → 2022	Accounts 2022 · 2023-00194268

Events

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

Thomas & Piron Bâtiment

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