Financials
Financial year 2024
TIEN TIEN from Laarne, company number BE0478492387, closed financial year 2024 with a result of € 147,532 after tax. For that financial year TIEN TIEN recorded a gross margin of € 235,148 and equity of € 447,180. Compared with financial year 2023, the result moved from € 82,396 to € 147,532. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 447,180
▲ 49% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 147,532
▲ 79% vs 2023
Profit after tax over the fiscal year.
€ 218,864
▲ 24% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 850 paid out
1 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 2,714
▼ 36% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 45,438
▲ € 42,273 vs 2023
€ 9,407 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3,886
▲ 143% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 50,838
▲ 73% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 103,811 | € 141,666 | € 123,641 | € 235,148 | ▲ 90% |
| Profit after taxes | € 67,531 | € 89,882 | € 82,396 | € 147,532 | ▲ 79% |
| Equity | € 129,853 | € 218,919 | € 300,498 | € 447,180 | ▲ 49% |
| Total debts | € 90,371 | € 67,147 | € 48,367 | € 131,303 | ▲ 171% |
| Cash | € 113,233 | € 162,030 | € 176,171 | € 218,864 | ▲ 24% |
| Land & buildings | € 76,036 | € 74,091 | € 72,145 | € 342,500 | ▲ € 270,355 |
| Retained profit | € 111,303 | € 200,369 | € 281,948 | € 428,630 | ▲ 52% |
| Dividend | € 53,624 | € 816 | € 816 | € 850 | ▲ 4% |
| Bank debt | € 27,386 | € 15,516 | € 3,165 | € 45,438 | ▲ € 42,273 |
| Balance sheet total | € 220,224 | € 286,066 | € 348,864 | € 591,156 | ▲ 69% |
Key figures of TIEN TIEN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TIEN TIEN?
What happened at TIEN TIEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 147,532 (▲ 79% vs 2023). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Ithai Swart became a director. NBB
In short
From € 67,531 profit in 2021 to € 147,532 profit in 2024.
Paid € 150,596 in corporate taxes since 2021.
Best year ever: 2024, with € 147,532 profit.
Paid out € 56,106 in dividends to the owners in total.
Management
Behind TIEN TIEN is Ithai Swart.
Directors
According to the 2024 annual accounts
Ithai Swart
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Kerkstraat 103
9270 Laarne
Heiveldstraat 282
9040 Gent
Active since 18 November 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.492.387
- VAT number
- BE 0478.492.387
- Registered office
- Kerkstraat 103, 9270 Laarne
- Names & denominations
- TIEN TIEN · AFFIX.BE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 2002
- Peppol
- Active · Active since 20 Jan 2025
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