ACTIVE

TBT IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

-188,6 k €

-991.0% YoY

Gross margin

4,1 k €

-97.8% YoY

Equity

-102 k €

-217.9% YoY

What does TBT IMMO do?

TBT IMMO is a Private limited company incorporated in 2004. Its registered office is in Perwez.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.861.977

Incorporation

20/08/2004

Legal form

Private limited company

Registered office

Chaussée de Charleroi 33
1360 Perwez · WallonieSee on map

Contributed capital

76 900,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,1 k €	-97.8%	182,5 k €	-2.2%	186,6 k €	+15.7%	161,2 k €	-45.9%	297,7 k €	+55.1%	191,9 k €	+12.7%	170,3 k €	+21.1%	140,6 k €	-6.8%	150,8 k €	-22.8%	195,2 k €	+6.5%	183,4 k €	-10.7%	205,3 k €	+61.0%	127,6 k €	+25.4%	101,7 k €	-19.2%	126 k €	+263%	34,7 k €	+1563%	-2,4 k €	-102%	116,4 k €	+11.4%	104,5 k €	+336%	24 k €
EBITDA	-159,9 k €	-287%	85,4 k €	+5.8%	80,7 k €	+239%	23,8 k €	-86.1%	171,7 k €	+96.0%	87,6 k €	+139%	36,7 k €	+59.2%	23 k €	-29.0%	32,5 k €	-60.9%	83 k €	-10.9%	93,1 k €	-22.0%	119,3 k €	+102%	59,1 k €	+63.5%	36,1 k €	-56.2%	82,5 k €	+1127%	6,7 k €	+136%	-18,5 k €	-118%	101,5 k €	+24.2%	81,7 k €	+377%	17,1 k €
Operating result	-173 k €	-560%	37,6 k €	+41.8%	26,5 k €	+192%	-28,7 k €	-123%	125,2 k €	+179%	44,8 k €	+871%	-5,8 k €	+61.8%	-15,2 k €	-5.4%	-14,4 k €	-136%	39,6 k €	-19.1%	49 k €	-8.8%	53,7 k €	+793%	-7,7 k €	+71.4%	-27,1 k €	-153%	51,1 k €	+1154%	-4,9 k €	+83.1%	-28,7 k €	-138%	75,2 k €	+90.6%	39,5 k €	+190502%	-20,7 €
Net result	-188,6 k €	-991%	21,2 k €	+1092%	1,8 k €	+104%	-40,9 k €	-142%	98 k €	+286%	25,4 k €	+181%	-31,4 k €	+21.3%	-40 k €	+6.2%	-42,6 k €	-642%	7,9 k €	-68.1%	24,6 k €	-4.1%	25,7 k €	+205%	-24,4 k €	+49.7%	-48,5 k €	-231%	37,1 k €	+9902%	371,2 €	+101%	-29,7 k €	-149%	60,3 k €	+38.4%	43,5 k €	+5967%	717,5 €
Balance sheet
Equity	-102 k €	-218%	86,5 k €	+32.4%	65,4 k €	+2.8%	63,6 k €	-39.1%	104,5 k €	+227%	32 k €	+383%	6,6 k €	-82.6%	38,1 k €	-51.2%	78 k €	-35.3%	120,6 k €	+7.0%	112,8 k €	+28.0%	88,1 k €	+41.1%	62,4 k €	-28.1%	86,8 k €	-19.9%	108,4 k €	+39.4%	77,8 k €	+0.5%	77,4 k €	-27.8%	107,1 k €	+129%	46,9 k €	+1301%	3,3 k €
Total assets	578,5 k €	-2.5%	593,3 k €	-3.5%	614,9 k €	-7.1%	662,1 k €	-10.1%	736,5 k €	+9.2%	674,5 k €	-8.1%	733,8 k €	-2.6%	753,6 k €	-9.9%	836,6 k €	-2.4%	857,1 k €	-6.6%	917,9 k €	-2.5%	941,3 k €	-8.0%	1 M €	-4.8%	1,1 M €	+194%	366,1 k €	+9.5%	334,3 k €	+28.6%	259,9 k €	-6.9%	279 k €	+27.0%	219,8 k €	-15.7%	260,7 k €
Cash	256,1 k €	+2690%	9,2 k €		–		–		24,2 k €		–		–		–		34,9 k €	+79.5%	19,5 k €	+62.9%	12 k €	-54.8%	26,4 k €	+61.7%	16,3 k €	-45.6%	30 k €	-35.0%	46,2 k €	+5.0%	44 k €	+58.7%	27,7 k €	-27.0%	38 k €	+147%	15,4 k €	+396%	3,1 k €
Debts	680,5 k €	+34.3%	506,6 k €	-7.8%	549,5 k €	-8.0%	597,2 k €	-5.5%	632 k €	-1.6%	642,5 k €	-11.6%	726,5 k €	+1.5%	715,5 k €	-5.7%	758,5 k €	+3.0%	736,5 k €	-8.5%	805,1 k €	-5.6%	853,2 k €	-11.2%	961,2 k €	-2.8%	988,5 k €	+284%	257,7 k €	+0.4%	256,6 k €	+40.6%	182,5 k €	+6.2%	171,9 k €	-0.6%	172,9 k €	-32.8%	257,4 k €
Other
Workforce	–		1,4 ETP	+7.7%	1,3 ETP	-35.0%	2,0 ETP		–		2,0 ETP	-9.1%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	+83.3%	1,2 ETP	0.0%	1,2 ETP	+71.4%	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Fanny Baijot

Director · since 30 septembre 2025

Active

Andre Pitance

Director · since 13 août 2004 · until 30 septembre 2025

Active

Ended mandates

André PITANCE

Manager · since 13 août 2004

Ended

André PIITANCE

Manager

Ended

ANDRE PITANCE

Director

Ended

ANDRE PITANCE

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Micro 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	27/08/2026	12/06/2025	13/06/2024	31/08/2023	06/10/2022	31/08/2021
General meeting	08/06/2026	30/04/2025	30/04/2024	02/05/2023	30/04/2022	30/04/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	30/04/2025	12/06/2025	French	PDF
Abridged model	31/12/2023	30/04/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	31/08/2023	French	PDF
Micro modelCorrection	31/12/2021	30/04/2022	06/10/2022	French	PDF
Micro model	31/12/2021	30/04/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	30/04/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	28/08/2020	05/10/2020	French	PDF
Abridged model	31/12/2018	30/04/2019	07/08/2019	French	PDF
Abridged model	31/12/2017	28/04/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	30/04/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	30/04/2016	02/06/2016	French	PDF
Abridged model	31/12/2014	30/04/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	30/04/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	30/04/2013	16/08/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	30/04/2011	30/06/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	30/04/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	30/04/2008	21/05/2008	French	PDF
Abridged model	31/12/2006	30/04/2007	25/05/2007	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 · 2 active · 6 ended

Active mandates

Fanny Baijot

Director · since 30 septembre 2025

Active

Andre Pitance

Director · since 13 août 2004 · until 30 septembre 2025

Active

Ended mandates

André PITANCE

Manager · since 13 août 2004

Ended

André PIITANCE

Manager

Ended

ANDRE PITANCE

Director

Ended

ANDRE PITANCE

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates15/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Capital / shares07/06/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other30/08/2004
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 2025-188,6 k €↓
2025
Name changeTBT IMMO
2024
Annual accounts 202421,2 k €↑
2023
Annual accounts 20231,8 k €↑
2022
Annual accounts 2022-40,9 k €↓
2021
Annual accounts 202198 k €↑
2020
Annual accounts 202025,4 k €↑
2019
Annual accounts 2019-31,4 k €↑
2018
Annual accounts 2018-40 k €↑
2017
Annual accounts 2017-42,6 k €↓
2016
Annual accounts 20167,9 k €↓
2015
Annual accounts 201524,6 k €↓
2014
Annual accounts 201425,7 k €↑
2013
Annual accounts 2013-24,4 k €↑
2012
Annual accounts 2012-48,5 k €↓
2011
Annual accounts 201137,1 k €↑
2010
Annual accounts 2010371,2 €↑
2009
Annual accounts 2009-29,7 k €↓
2008
Annual accounts 200860,3 k €↑
2007
Annual accounts 200743,5 k €↑
2006
Annual accounts 2006717,5 €
2006
Name changeLA MAISON DU RELAX ET DE LA LITERIE
20/08/2004
IncorporationPrivate 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

TBT IMMO

Overview

What does TBT IMMO do?

Trend over 20 financial years

Board of directors

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