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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
TILMAN from Somme-Leuze, company number BE0458493759, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year TILMAN recorded revenue of € 58.2 million and equity of € 12.8 million. Compared with financial year 2024, the result moved from € -5.2 million to € -1.1 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2026.
€ 12.8 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 79 % less loss than in 2024
Profit after tax over the fiscal year.
€ 511,337
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.8 million.
People and assets in 2025
212
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17.2 million
▲ 6% vs 2024
€ 80,900 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.
€ 637,895
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.2 million
▼ 5% vs 2024
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 5.8 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 4 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 49,770,433 | € 56,659,647 | € 58,602,149 | € 58,228,136 | ▼ 1% |
| Profit after taxes | € 2,020,897 | € 548,629 | € -5,239,361 | € -1,105,071 | ▲ € 4.1 million |
| Equity | € 12,403,597 | € 14,177,875 | € 11,407,614 | € 12,770,397 | ▲ 12% |
| Total debts | € 28,269,251 | € 30,531,823 | € 33,117,265 | € 30,462,417 | ▼ 8% |
| Cash | € 1,105,300 | € 353,336 | € 1,227,620 | € 511,337 | ▼ 58% |
| Land & buildings | € 6,219,327 | € 6,162,105 | € 9,629,680 | € 9,408,558 | ▼ 2% |
| Retained profit | € 11,603,597 | € 12,152,225 | € 6,912,864 | € 5,807,793 | ▼ 16% |
| Bank debt | € 18,822,359 | € 19,657,160 | € 21,236,784 | € 20,168,098 | ▼ 5% |
| Balance sheet total | € 40,672,847 | € 44,709,698 | € 44,524,880 | € 43,232,813 | ▼ 3% |
| Employees (FTE) | 187.3 | 204.4 | 212.2 | 212 | ▼ 0.2 |
Key figures of TILMAN, 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 TILMAN?
What happened at TILMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Somme-Leuze. KBO
- New establishment in Somme-Leuze. KBO
- New establishment in Somme-Leuze. KBO
- New establishment in Somme-Leuze. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million profit in 2022 to € 1.1 million loss in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 2 million profit.
Pays suppliers within 60 days on average.
Management
The stake of Whitestone Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TILMANBehind TILMAN are Ivan DIERCKXSENS, WHITESTONE GROUP SA, Véronique TOULLY, Manoël TILMAN, GINKO SRL and Mickaël TILMAN. The shares are held by Whitestone Group (13.7%). It owns 100% of PROMOGEN, 99.2% of BIOXTRACT and 50% of TILMAN PORTUGAL itself.
Directors
According to the 2025 annual accounts
Ivan DIERCKXSENS
Director
Director · represented by Frédéric POUCHAIN
Also active at: ATIMA-TPIM, NEWTREE, ISO - TECH BELGIUM, Emulco, EMAsphere, TREESTONE, WHITESTONE PROPERTIES, GFIN +7 more
Véronique TOULLY
Director
Director · represented by Cédric OLBRECHTS
Also active at: NET FUND EUROPE, VENDIS CAPITAL MANAGEMENT, VENDIS MANAGEMENT BVBA, V4 COV
Mickaël TILMAN
Director
Jean-Noël TILMAN
Managing director
PISA HEALTHCARE CONSULTING SNC
Director · represented by Pierre VOSSEN
Also active at: CURALIA BROKERS
Shareholders
13.7%
Participations
Establishments
Establishment units
Physical locations of this company
Zone d'activités Sud, Bail. 15
5377 Somme-Leuze
Zone d'activités Nord, Bail. 1
5377 Somme-Leuze
Active since 31 October 2010
Zone d'activités Sud, Bail. 1
5377 Somme-Leuze
Active since 29 March 2021
Zone d'activités Nord, Bail. 37
5377 Somme-Leuze
Active since 15 November 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →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
MAEHDROS-AS, BE
Website info
Features
Security
Details
- Company number
- 0458.493.759
- VAT number
- BE 0458.493.759
- Registered office
- Zone d'activités Sud, Bail. 15, 5377 Somme-Leuze
- Names & denominations
- TILMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1996
- Peppol
- Active · Active since 15 Sept 2025
- Contact
- tilman.be ++3284320360
- Activities · NACE
Vervaardiging van geneesmiddelen
Apothekers
Detailhandel in farmaceutische producten