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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Tiers Immo from Charleroi, company number BE0701806183, closed financial year 2025 with a result of € -5,207 after tax. For that financial year Tiers Immo recorded a gross margin of € -480 and equity of € -70,963. Compared with financial year 2024, the result moved from € -4,613 to € -5,207. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 26, 2026.
€ -70,963
▼ € 5,207 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,207
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,863
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -72,463.
Debts at end 2025
€ 55,504
▼ 8% vs 2024
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -630 | € -742 | € -480 | € -480 | |
| Profit after taxes | € -5,781 | € -5,539 | € -4,613 | € -5,207 | ▼ € 594 |
| Equity | € -55,605 | € -61,144 | € -65,756 | € -70,963 | ▼ € 5,207 |
| Total debts | € 131,102 | € 133,312 | € 137,682 | € 137,654 | |
| Cash | € 4,479 | € 3,015 | € 4,936 | € 1,863 | ▼ 62% |
| Land & buildings | € 71,019 | € 69,153 | € 66,990 | € 64,828 | ▼ 3% |
| Retained profit | € -57,105 | € -62,644 | € -67,256 | € -72,463 | ▼ € 5,207 |
| Bank debt | € 69,360 | € 64,851 | € 60,233 | € 55,504 | ▼ 8% |
| Balance sheet total | € 75,497 | € 72,168 | € 71,926 | € 66,691 | ▼ 7% |
Key figures of Tiers Immo, 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 Tiers Immo?
What happened at Tiers Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,207. Source: NBB ↗
- New establishment in Charleroi. KBO
- JONATHAN WENKIN became a director. NBB
- Stéphan RONCADA became a director. NBB
- MICHAEL DEMANEZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,781 loss in 2022 to € 5,207 loss in 2025.
Management
Behind Tiers Immo are JONATHAN WENKIN, Stéphan RONCADA and MICHAEL DEMANEZ. JONATHAN WENKIN is also behind WENKIN ELECTRICITE.
Directors
According to the 2025 annual accounts
since 2018
Stéphan RONCADA
Administrator-manager
since 2018
MICHAEL DEMANEZ
Administrator-manager
since 2018
Establishments
Establishment units
Physical locations of this company
Rue Jonet 33 box A
6000 Charleroi
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0701.806.183
- VAT number
- BE 0701.806.183
- Registered office
- Rue Jonet 33 bus A, 6000 Charleroi
- Names & denominations
- Tiers Immo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 2018
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen