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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
TIHON & CIE from Etterbeek, company number BE0438663197, closed financial year 2025 with a result of € -89,476 after tax. For that financial year TIHON & CIE recorded a gross margin of € -45,984 and equity of € -171,117. Compared with financial year 2024, the result moved from € -49,712 to € -89,476. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -171,117
▼ € 89,476 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,476
▼ 80 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,051
▲ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -342,517.
People and assets in 2025
€ 15,423
▼ 35% vs 2024
Of which on lease € 2,836.
Debts at end 2025
€ 102,352
▼ 32% vs 2024
€ 44,612 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 136,405
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,246
▲ 121% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 536,931 | - | - | - | |
| Gross margin | € 14,830 | € -48,650 | € 9,671 | € -45,984 | ▼ € 55,655 |
| Profit after taxes | € -20,919 | € -96,096 | € -49,712 | € -89,476 | ▼ € 39,764 |
| Equity | € -44,733 | € -31,930 | € -81,641 | € -171,117 | ▼ € 89,476 |
| Total debts | € 256,375 | € 255,677 | € 285,168 | € 366,575 | ▲ 29% |
| Cash | € 8,187 | € 15,654 | € 5,340 | € 9,051 | ▲ 70% |
| Retained profit | € -107,233 | € -203,330 | € -253,041 | € -342,517 | ▼ € 89,476 |
| Bank debt | € 94,168 | € 61,606 | € 151,194 | € 102,352 | ▼ 32% |
| Balance sheet total | € 211,641 | € 223,748 | € 203,527 | € 195,458 | ▼ 4% |
Key figures of TIHON & CIE, 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 TIHON & CIE?
What happened at TIHON & CIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tihana Rapic stepped down as director. NBB
- Christiane De Cokele stepped down as director. NBB
- Pierre Iweins stepped down as director. NBB
- Gauthier Cruysmans stepped down as director. NBB
- Michel Tihon stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 89,476. filed late Source: NBB ↗
- Tihana Rapic became a director. NBB
- Christiane De Cokele became a director. NBB
In short
From € 20,919 loss in 2022 to € 89,476 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Tihana Rapic
Director
since 2023 · until 2029
Christiane De Cokele
Director
since 2023 · until 2029
Pierre Iweins
Director
since 2023 · until 2029
Gauthier Cruysmans
Director
Also active at: SAINT-HUBERT EXPLOITATION, SOCIETE DES GALERIES ROYALES SAINT-HUBERT, VAUDEVILLE ESTATE, Futerro Holding, Jathus
since 2023 · until 2029
Michel Tihon
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Sint Michielswarande 30B
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →CONSEIL EUROPEEN DES URBANISTES,COMITE DE LIAISON ENTRE LES ASSOCIATIONS ET LES INSTITUTS NATIONAUX D'URBANISTES DANS LES PAYS MEMBRES DE L'UNION EUROPEENNE
EUROSOFT FINANCES
€ -223,583 gross margin · 2025
COBATY INTERNATIONAL
€ 189,040 revenue · 2022
EUROPEAN PEACEBUILDING LIAISON OFFICE
€ 723,338 gross margin · 2025
ADDITVALUE
€ 31,120 revenue · 2024
+20 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
- 0438.663.197
- VAT number
- BE 0438.663.197
- Registered office
- Sint Michielswarande 30B, 1040 Etterbeek
- Names & denominations
- TIHON & CIE · BLOX Earplugs
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 1989
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Overige groothandel in consumentenartikelen, n.e.g.
Detailhandel in farmaceutische producten
Groothandel in andere consumentenartikelen, neg
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels