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 36 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
22 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
Titan from Brussel, company number BE0699936657, closed financial year 2025 with a result of € -7.7 million after tax. Compared with financial year 2024, the result moved from € 2.3 billion to € -7.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 3.9 billion
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.7 million
▼ still € 2.3 billion profit in 2024
Profit after tax over the fiscal year.
€ 434,863
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.9 billion.
People and assets in 2025
0.7
Average over the fiscal year, from the social balance sheet.
€ 6.9 million
▲ 25% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,546
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 921
▼ € 27.2 million vs 2024
Loans from banks and other lenders, long and short.
€ 1.9 million
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.
€ 3.6 million
▲ 227% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 586,591,083 | € 57,829,258 | € 2,301,617,720 | € -7,686,959 | ▼ € 2.3 billion |
| Equity | € 1,923,672,571 | € 1,916,106,764 | € 3,987,321,007 | € 3,894,179,153 | ▼ 2% |
| Total debts | € 390,778,366 | € 360,224,800 | € 526,076,906 | € 354,035,016 | ▼ 33% |
| Cash | € 41,757 | € 359,933 | € 455,579 | € 434,863 | ▼ 5% |
| Land & buildings | € 48,431 | € 29,138 | € 9,865 | - | |
| Retained profit | € 949,004,113 | € 941,438,306 | € 3,012,652,548 | € 2,919,510,694 | ▼ 3% |
| Dividend | € 46,531,169 | € 65,481,150 | € 230,316,786 | € 85,454,895 | ▼ 63% |
| Bank debt | € 77,175,798 | € 27,580,487 | € 27,190,682 | € 921 | ▼ € 27.2 million |
| Balance sheet total | € 2,315,023,540 | € 2,277,536,454 | € 4,515,792,737 | € 4,252,497,311 | ▼ 6% |
| Employees (FTE) | 0.8 | 0.7 | 0.7 | 0.7 |
Key figures of Titan, 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 Titan?
What happened at Titan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7.7 million (▼ € 2.3 billion vs 2024). Source: NBB ↗
- Kyriacos RIRIS stepped down as director. NBB
- Lyn GROBLER stepped down as director. NBB
- Marcel COBUZ stepped down as director. NBB
- Haralambos DAVID stepped down as director. NBB
- Andreas ARTEMIS stepped down as director. NBB
- Paula HADJISOTIRIOU stepped down as director. NBB
- Natalia NIKOLAIDI stepped down as director. NBB
In short
From € 586.6 million profit in 2022 to € 7.7 million loss in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.3 billion profit.
Paid out € 427.8 million in dividends to the owners in total.
A new publication or filing at Titan? 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 E.D.Y.V.E.M. public company LTD and TCI founders and Paul an (48.9%), Titan Cement Company SA (3.2%) and Titan SA (1.8%). It owns 100% of Tithys Holdings limited, 100% of TITAN GLOBAL FINANCE PLC, 100% of Titan Cement Company S.A. and 86.7% of Titan America SA itself.
Directors
According to the 2025 annual accounts
Kyriacos RIRIS
Vice-chairman of the board
since 2025 · until 2026
Lyn GROBLER
Director
since 2025 · until 2026
Marcel COBUZ
Director
since 2025 · until 2026
Haralambos DAVID
Director
since 2025 · until 2026
Andreas ARTEMIS
Director
since 2025 · until 2026
Paula HADJISOTIRIOU
Director
since 2025 · until 2026
Natalia NIKOLAIDI
Director
since 2025 · until 2026
Michael COLAKIDES
Managing director
since 2025 · until 2026
Dimitrios PAPALEXOPOULOS
Chairman of the board
since 2025 · until 2026
Leonidas CANELLOPOULOS
Director
since 2025 · until 2026
Dimitris TSITSIRAGOS
Director
since 2025 · until 2026
Alexandra PAPALEXOPOULOU
Director
since 2025 · until 2026
Shareholders
E.D.Y.V.E.M. public company LTD and TCI founders and Paul an
48.9%
Titan Cement Company SA
3.2%
1.8%
Participations
Tithys Holdings limited
100%
TITAN GLOBAL FINANCE PLC
100%
Titan Cement Company S.A.
100%
86.7%
Establishments
Establishment units
Physical locations of this company
Sinter-Goedeleplein 14
1000 Brussel
Mareydestraat 43 box 6
1150 Sint-Pieters-Woluwe
Active since 16 July 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →Vlaamse Interuniversitaire Raad
€ 1.7 million revenue · 2025
BGROUP GREISCH
€ 2.9 million gross margin · 2025
ISABEL
€ 68.5 million revenue · 2025
EFFIGY CONSULTING
€ 273,071 gross margin · 2024
BUENDIA TOURS
€ 200,565 gross margin · 2025
+17 more
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
Mimecast
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
titanmaterials.com
Registered
2015-07-07
Registrar
GoDaddy.com, LLC
Expires
2026-07-07
Website info
Features
Security
Details
- Company number
- 0699.936.657
- VAT number
- BE 0699.936.657
- Registered office
- Sinter-Goedeleplein 14, 1000 Brussel
- Names & denominations
- Titan
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2018
- Peppol
- Not registered
- Contact
- titanmaterials.com [email protected]
- Activities · NACE
Activiteiten van holdings
Holdings