Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
TITUS from Knokke-Heist, company number BE0415983213, closed financial year 2025 with a result of € -110,600 after tax. For that financial year TITUS recorded a gross margin of € 595,362 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € -71,334 to € -110,600. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.8 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -110,600
▼ 55 % more loss than in 2024
Profit after tax over the fiscal year.
€ 614,346
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
7.3
▼ 11.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 525,118
▼ 61% vs 2024
€ 71,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 158,889
▼ 80% vs 2024
€ 36,667 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,576
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,270
▼ 98% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,402,575 | € 1,706,164 | € 1,565,332 | € 595,362 | ▼ 62% |
| Profit after taxes | € 8,728 | € 153,533 | € -71,334 | € -110,600 | ▼ € 39,266 |
| Equity | € 1,862,363 | € 2,015,896 | € 1,944,562 | € 1,833,962 | ▼ 6% |
| Total debts | € 1,549,403 | € 1,237,560 | € 1,372,507 | € 664,947 | ▼ 52% |
| Cash | € 875,281 | € 538,001 | € 633,090 | € 614,346 | ▼ 3% |
| Land & buildings | € 1,806,527 | € 1,835,248 | € 1,732,310 | € 1,589,458 | ▼ 8% |
| Retained profit | € 1,565,095 | € 1,718,628 | € 1,647,294 | € 1,536,694 | ▼ 7% |
| Bank debt | € 1,004,324 | € 805,119 | € 794,807 | € 158,889 | ▼ 80% |
| Balance sheet total | € 3,411,766 | € 3,253,456 | € 3,317,069 | € 2,498,909 | ▼ 25% |
| Employees (FTE) | - | - | 18.7 | 7.3 | ▼ 11.4 |
Key figures of TITUS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TITUS?
What happened at TITUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 110,600. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Knokke-Heist. KBO
In short
From € 8,728 profit in 2022 to € 110,600 loss in 2025.
Paid € 87,289 in corporate taxes since 2022.
Best year ever: 2023, with € 153,533 profit.
On average € 81,600 of value added per employee in 2025.
A new publication or filing at TITUS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TITUS are Germain Hennebert, Jan Hennebert and Wim Hennebert. Germain Hennebert is also behind LIFTEN HERBO. Wim Hennebert is also behind LIFTEN HERBO.
Directors
According to the 2025 annual accounts
Jan Hennebert
Managing director
Establishments
Establishment units
Physical locations of this company
Papaverstraat 6
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.983.213
- VAT number
- BE 0415.983.213
- Registered office
- Papaverstraat 6, 8300 Knokke-Heist
- Names & denominations
- TITUS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1976
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.
Reparatie en onderhoud van consumentenartikelen, neg
Algemene elektrotechnische installatiewerken
Overige reparaties, n.e.g.
Elektrische installatie