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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TIKO from Ciney, company number BE0699801055, closed financial year 2025 with a result of € 114,441 after tax. For that financial year TIKO recorded a gross margin of € 265,422 and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 144,264 to € 114,441. The company is profitable. 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 February 13, 2026.
€ 4.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 114,441
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 3,928
▼ 95% 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 € 4.2 million.
Debts at end 2025
€ 1.3 million
▲ € 1 million vs 2024
€ 91,637 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 52,525
▲ € 47,487 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 79,978
▼ 17% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 298,419 | € 293,267 | € 285,432 | € 265,422 | ▼ 7% |
| Profit after taxes | € 180,473 | € 171,380 | € 144,264 | € 114,441 | ▼ 21% |
| Equity | € 4,124,652 | € 4,296,033 | € 4,440,297 | € 4,554,738 | ▲ 3% |
| Total debts | € 1,080,372 | € 866,397 | € 690,175 | € 1,922,239 | ▲ 179% |
| Cash | € 80,719 | € 44,241 | € 75,299 | € 3,928 | ▼ 95% |
| Retained profit | € 3,724,652 | € 3,896,033 | € 4,040,297 | € 4,154,738 | ▲ 3% |
| Bank debt | € 673,535 | € 457,339 | € 238,993 | € 1,261,239 | ▲ € 1 million |
| Balance sheet total | € 5,205,024 | € 5,162,430 | € 5,130,472 | € 6,476,977 | ▲ 26% |
Key figures of TIKO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TIKO?
What happened at TIKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 114,441 (▼ 21% vs 2024). filed late Source: NBB ↗
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
- Tim KENIS became a director. NBB
- Koen VAN BROECK became a director. NBB
In short
From € 180,473 profit in 2022 to € 114,441 profit in 2025.
Paid € 293,558 in corporate taxes since 2022.
Best year ever: 2022, with € 180,473 profit.
Management
Behind TIKO are Tim KENIS and Koen VAN BROECK. It owns 84.4% of BURLET FRERES itself.
Directors
According to the 2025 annual accounts
Tim KENIS
Director
Also active at: BURLET Fréres, Kenis, AGRIRENT, Daro, AK-Machinery, KENIS, KETTA SERVICE
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Rue du Parc Industriel d'Achêne 14
5590 Ciney
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.
Details
- Company number
- 0699.801.055
- VAT number
- BE 0699.801.055
- Registered office
- Rue du Parc Industriel d'Achêne 14, 5590 Ciney
- Names & denominations
- TIKO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2018
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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