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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TIVACO from Tournai, company number BE0417635181, closed financial year 2025 with a result of € 729,580 after tax. For that financial year TIVACO recorded revenue of € 16.4 million and equity of € 10.5 million. Compared with financial year 2024, the result moved from € 1.1 million to € 729,580. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 10.5 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 729,580
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 5.5 million
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.2 million.
People and assets in 2025
21.4
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 4% vs 2024
€ 65,300 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.
€ 1,435
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 144,538
▼ 41% vs 2024
€ 95,771 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.8 million
▲ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 254,861
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,590,008 | € 14,915,316 | € 15,998,703 | € 16,428,190 | ▲ 3% |
| Profit after taxes | € 2,213,582 | € 1,458,115 | € 1,060,377 | € 729,580 | ▼ 31% |
| Equity | € 7,339,292 | € 8,776,269 | € 9,826,466 | € 10,545,864 | ▲ 7% |
| Total debts | € 2,556,929 | € 1,682,922 | € 1,724,566 | € 2,226,560 | ▲ 29% |
| Cash | € 3,487,241 | € 3,232,921 | € 4,739,220 | € 5,459,042 | ▲ 15% |
| Land & buildings | € 1,812,377 | € 1,766,492 | € 1,724,196 | € 1,675,157 | ▼ 3% |
| Retained profit | € 6,997,246 | € 8,455,361 | € 9,515,738 | € 10,245,317 | ▲ 8% |
| Dividend | € 750,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 475,015 | € 342,909 | € 244,442 | € 144,538 | ▼ 41% |
| Balance sheet total | € 9,896,221 | € 10,459,191 | € 11,551,032 | € 12,772,424 | ▲ 11% |
| Employees (FTE) | 20.3 | 21.6 | 22.1 | 21.4 | ▼ 0.7 |
Key figures of TIVACO, 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 TIVACO?
What happened at TIVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gilbert JANSSEN stepped down as director. NBB
- Peter LIBEERT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 729,580 (▼ 31% vs 2024). Source: NBB ↗
- MOLENHOF TER DROOGTE stepped down as director. NBB
- Gilbert JANSSEN became a director. NBB
- Peter LIBEERT became a director. NBB
- MOLENHOF TER DROOGTE became a director. NBB
- New establishment in Tournai. KBO
In short
From € 2.2 million profit in 2022 to € 729,580 profit in 2025.
Paid € 1.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.2 million profit.
Paid out € 750,000 in dividends to the owners in total.
A new publication or filing at TIVACO? 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
Directors
According to the 2025 annual accounts
Managing director · represented by Thibaut Debode
since 2020 · until 2026
Gilbert JANSSEN
Director
since 2023 · until 2029
Peter LIBEERT
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue du Mont des Carliers(BL) 5
7522 Tournai
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
EPISERVER_AS, SE
Website info
Features
Security
Network
Details
- Company number
- 0417.635.181
- VAT number
- BE 0417.635.181
- Registered office
- Rue du Mont des Carliers(BL) 5, 7522 Tournai
- Names & denominations
- TIVACO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 1977
- Peppol
- Not registered
- Contact
- tivaco.be
- Activities · NACE
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