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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Shrinking team NBB
FTE fell two years in a row, from 167.2 to 77.7.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
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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
Thomas & Piron RENOVATION from Namur, company number BE0457185744, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year Thomas & Piron RENOVATION recorded revenue of € 50.4 million and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 280,635 to € 1.6 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 1.8 million
▲ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ € 1.3 million vs 2024
Profit after tax over the fiscal year.
€ 778,689
▼ 55% 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 € -737,469.
People and assets in 2025
77.7
▼ 39 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6 million
▲ 17% vs 2024
€ 77,100 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.
€ 709,846
▼ 10% vs 2024
Of which on lease € 594,204.
Debts at end 2025
€ 304,031
▼ 19% vs 2024
€ 120,666 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 10.1 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 1.1 million
▲ 132% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 51,708,527 | € 52,232,972 | € 35,667,948 | € 50,375,301 | ▲ 41% |
| Profit after taxes | € 1,445,110 | € -1,680,514 | € 280,635 | € 1,606,198 | ▲ € 1.3 million |
| Equity | € 1,606,535 | € -73,979 | € 214,577 | € 1,820,775 | ▲ € 1.6 million |
| Total debts | € 24,554,621 | € 22,566,334 | € 23,506,265 | € 25,726,769 | ▲ 9% |
| Cash | € 201,500 | € 1,844,875 | € 1,742,769 | € 778,689 | ▼ 55% |
| Land & buildings | € 1,542,051 | € 1,463,666 | € 0 | - | |
| Retained profit | € -1,258,465 | € -2,938,979 | € -2,343,667 | € -737,469 | ▲ € 1.6 million |
| Bank debt | € 9,949,562 | € 10,501,770 | € 375,741 | € 304,031 | ▼ 19% |
| Balance sheet total | € 26,293,813 | € 23,192,830 | € 24,296,389 | € 28,304,085 | ▲ 16% |
| Employees (FTE) | 181.6 | 167.2 | 116.7 | 77.7 | ▼ 39 |
Key figures of Thomas & Piron RENOVATION, 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 RENOVATION?
What happened at Thomas & Piron RENOVATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▲ € 1.3 million vs 2024). filed late Source: NBB ↗
- DLP PROJECT SRL stepped down as director. NBB
- PIRON FRANCOIS SRL stepped down as director. NBB
- André SELENNE stepped down as director. NBB
- ABSOlute Consulting SRL stepped down as director. NBB
- Edouard HERINCKX stepped down as director. NBB
- ABSOlute Consulting SRL became a director. NBB
- DLP PROJECT SRL became a director. NBB
In short
From € 1.4 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 275,897 in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 million profit.
Pays suppliers within 91 days on average.
A new publication or filing at Thomas & Piron RENOVATION? 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
The shares are held by TP HOLDING SA (100%).
Directors
According to the 2025 annual accounts
Managing director, Director · represented by Pascal DELAHAUT
Also active at: NORDI, GATE OF EUROPE NIVELLES BUSINESS PARK REAL ESTATE, Thomas & Piron Bâtiment
since 2023 · until 2026
Director · represented by François PIRON
Also active at: THOMAS ET PIRON HOME, SOTRABA, Galère, THOMAS & PIRON HOLDING, B.T.A. CONSTRUCT, DESSIN PERFORMANCE ENERGIE, ESPACES PROMOTION, SOLUXIM +24 more
since 2020 · until 2026
since 2020 · 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
Edouard HERINCKX
Chairman of the board
Also active at: CASORODA, Coeur de Ville, Bureau Cauchy C, UNIPARK, Pilatus Six, RESILIS, ASTY MOULIN PROPERTIES, PIC EFIMO +4 more
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Fort d'Andoy(WD) 5
5100 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →B.T.A. CONSTRUCT same network
€ -5,059 gross margin · 2025
THOMAS & PIRON ICT
€ 2.9 million gross margin · 2025
NORDI same network
€ -475 gross margin · 2025
Coeur de Ville same network
€ 7.8 million revenue · 2025
FONCIERE INVEST same network
€ 1.3 million gross margin · 2025
+39 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
- 0457.185.744
- VAT number
- BE 0457.185.744
- Registered office
- Rue du Fort d'Andoy(WD) 5, 5100 Namur
- Names & denominations
- Thomas & Piron RENOVATION · TPR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 1996
- Peppol
- Not registered
- Activities · NACE
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