Warning lights
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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
THOMAS & PIRON HOLDING from Paliseul, company number BE0436144563, closed financial year 2025 with a result of € 5.9 million after tax. For that financial year THOMAS & PIRON HOLDING recorded revenue of € 12 million and equity of € 156.6 million. Compared with financial year 2024, the result moved from € -15 million to € 5.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 156.6 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.9 million
▲ still € 15 million loss in 2024
Profit after tax over the fiscal year.
€ 33.9 million
▲ 47% 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 € 144.1 million.
People and assets in 2025
39.1
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▲ 27% vs 2024
€ 94,200 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.
€ 35,225
▲ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 329.7 million
▼ 8% vs 2024
€ 19.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3.2 million
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 1.4 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,388,712 | € 8,583,083 | € 8,933,762 | € 11,957,455 | ▲ 34% |
| Profit after taxes | € 8,518,079 | € 5,739,636 | € -14,976,365 | € 5,878,785 | ▲ € 20.9 million |
| Equity | € 160,006,503 | € 165,746,138 | € 150,769,773 | € 156,648,558 | ▲ 4% |
| Total debts | € 257,663,401 | € 278,414,023 | € 412,399,864 | € 417,403,947 | ▲ 1% |
| Cash | € 11,709,525 | € 11,363,349 | € 23,068,753 | € 33,947,893 | ▲ 47% |
| Land & buildings | € 36,378 | € 90,573 | € 12,395 | € 12,395 | |
| Retained profit | € 147,408,935 | € 153,148,571 | € 138,172,206 | € 144,050,991 | ▲ 4% |
| Dividend | € 10,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 240,002,965 | € 265,155,769 | € 359,772,574 | € 329,742,608 | ▼ 8% |
| Balance sheet total | € 418,259,949 | € 444,750,207 | € 563,759,683 | € 574,642,551 | ▲ 2% |
| Employees (FTE) | 30.3 | 32.9 | 35.2 | 39.1 | ▲ 3.9 |
Key figures of THOMAS & PIRON HOLDING, 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 THOMAS & PIRON HOLDING?
What happened at THOMAS & PIRON HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.9 million. Source: NBB ↗
- CASSIOPEE SRL stepped down as director. NBB
- BERNARD PIRON SRL stepped down as director. NBB
- SESVENNA INVESTMENT SA stepped down as director. NBB
- André SELENNE stepped down as director. NBB
- Edouard HERINCKX stepped down as director. NBB
- ABSOlute Consulting SRL stepped down as director. NBB
- Jacques PETERS stepped down as director. NBB
In short
From € 8.5 million profit in 2022 to € 5.9 million profit in 2025.
Paid € 24,350 in corporate taxes since 2022.
Best year ever: 2022, with € 8.5 million profit.
Paid out € 10 million in dividends to the owners in total.
Management
The shares are held by SESVENNA INVESTMENT (100%). It owns 100% of Sambre Résidence 2, 100% of Les Ateliers Development, 100% of FONCIERE DE SAUHEID , 100% of Dessin Performance Energie, 100% of Resilis Invest and 100% of Gate of Europe Nivelles Business Park Real Estate itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Director · represented by Bernard PIRON
Also active at: THOMAS ET PIRON HOME, THOMAS & PIRON ICT, Thomas & Piron Bâtiment, EKLOZIO
since 2020 · until 2026
SESVENNA INVESTMENT SA
Managing director, Chairman of the board · represented by François Piron
since 2023 · until 2026
since 2020 · until 2026
Edouard HERINCKX
Director
Also active at: THOMAS ET PIRON HOME, SOMIBA, B.T.A. CONSTRUCT, Coeur de Ville, BAVIERE DEVELOPPEMENT, FONCIERE INVEST, Bureau Cauchy C, B32 Renaissance +5 more
since 2026 · until 2026
Managing director · represented by Olivier Beguin
Also active at: I.D., THOMAS & PIRON HOME, ORTHOPEDIE TOUSSAINT, OTTIGNIMMO, Galère, Sporsystem, MECCO-GOSSENT, Société anonyme WAUTERS NV +50 more
since 2026 · until 2026
Jacques PETERS
Director
since 2020 · until 2026
Christian BASTIN
Director
since 2020 · until 2026
Director · represented by Philippe Delusinne
Also active at: RTL BELGIUM, ORANGE BELGIUM, Le Val Fourcats
since 2022 · until 2026
Shareholders
SESVENNA INVESTMENT
100%
Participations
100%
100%
100%
100%
100%
100%
100%
100%
100%
Thomas & Piron Groupe Luxembourg
100%
100%
100%
100%
100%
TP Holding Maroc
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
99.9%
77.8%
75.6%
50%
50%
50%
50%
50%
49%
Brasserie des Jardins
25%
Allixus 1
7.4%
Establishments
Establishment units
Physical locations of this company
Rue de la Besace, Our 14
6852 Paliseul
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →THOMAS & PIRON HOME same network
€ 211.1 million revenue · 2025
DESSIN PERFORMANCE ENERGIE same network
€ 2.3 million gross margin · 2025
ESPACES PROMOTION same network
€ 1.3 million gross margin · 2025
TP GESTION
€ 1.1 million gross margin · 2025
LA FOLIE same network
€ -1,586 gross margin · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.144.563
- VAT number
- BE 0436.144.563
- Registered office
- Rue de la Besace, Our 14, 6852 Paliseul
- Names & denominations
- THOMAS & PIRON HOLDING · TP HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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