Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TILKIN POWDER COATINGS from Tongeren-Borgloon, company number BE0462262309, closed financial year 2025 with a result of € -592,840 after tax. For that financial year TILKIN POWDER COATINGS recorded a gross margin of € 1.9 million and equity of € 271,028. Compared with financial year 2024, the result moved from € -608,492 to € -592,840. The company made a loss. The buffer shrank hard: equity is 69 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 271,028
▼ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -592,840
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 49,603
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 207,815.
People and assets in 2025
19.2
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 13% vs 2024
€ 62,700 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.
€ 304,237
▼ 8% vs 2024
Of which on lease € 92,543.
Debts at end 2025
€ 14 million
▲ 1% vs 2024
€ 13,609 is repaid this year. At this pace the long-term loan is gone in ≈ 1030 years.
€ 377,384
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 192,679
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,439,290 | € 1,709,109 | € 1,373,331 | € 1,905,831 | ▲ 39% |
| Profit after taxes | € 221,156 | € 369,656 | € -608,492 | € -592,840 | ▲ € 15,653 |
| Equity | € 1,102,705 | € 1,472,360 | € 863,868 | € 271,028 | ▼ 69% |
| Total debts | € 1,854,982 | € 1,896,722 | € 15,852,953 | € 16,290,621 | ▲ 3% |
| Cash | € 124,463 | € 142,473 | - | € 49,603 | |
| Land & buildings | € 55,547 | € 65,221 | € 57,931 | € 50,648 | ▼ 13% |
| Retained profit | € 1,039,492 | € 1,409,147 | € 800,655 | € 207,815 | ▼ 74% |
| Dividend | € 210,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,182,144 | € 1,358,297 | € 13,884,740 | € 14,011,687 | ▲ 1% |
| Balance sheet total | € 2,957,686 | € 3,369,083 | € 16,716,821 | € 16,561,649 | ▼ 1% |
| Employees (FTE) | 17.2 | 16 | 18 | 19.2 | ▲ 1.2 |
Key figures of TILKIN POWDER COATINGS, 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 TILKIN POWDER COATINGS?
What happened at TILKIN POWDER COATINGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WP Consulting BV stepped down as director. NBB
- Tilkin Projects BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 592,840. Source: NBB ↗
- WP Consulting BV became a director. NBB
- Tilkin Projects BV became a director. NBB
- New establishment in Tongeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 221,156 profit in 2022 to € 592,840 loss in 2025.
Paid € 154,713 in corporate taxes since 2022.
Best year ever: 2023, with € 369,656 profit.
On average € 99,300 of value added per employee in 2025.
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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 stake of Specialty Paints & Coatings comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TILKIN POWDER COATINGSThe shares are held by Specialty Paints & Coatings (100%). It owns 100% of Metal Finishing Industries itself.
Directors
According to the 2025 annual accounts
Director · represented by Jo Tilkin
Also active at: METAL FINISHING INDUSTRIES, TILKIN IMMO
since 2024 · until 2030
Director · represented by Wouter Pauwels
Also active at: PARA INDUSTRIES, PARA, Staal Straal Weelde, Pattyn Albert & Cie, METAL FINISHING INDUSTRIES, PETER VERSTUYF/HI-TECH-PROTECTION, IPD, IPC SERVICES
since 2026 · until 2032
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Vrijheidweg 2
3700 Tongeren-Borgloon
Vrijheidweg 2017
3700 Tongeren
Active since 6 January 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0462.262.309
- VAT number
- BE 0462.262.309
- Registered office
- Vrijheidweg 2, 3700 Tongeren-Borgloon
- Names & denominations
- TILKIN POWDER COATINGS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1997
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Oppervlaktebehandeling en bekleding van metaal
Coating van metalen
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
Oppervlaktebehandeling van metalen