Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TITULUS PICTUS from Elsene, company number BE0835631442, closed financial year 2025 with a result of € -377,469 after tax. For that financial year TITULUS PICTUS recorded a gross margin of € 394,077 and equity of € -174,503. Compared with financial year 2024, the result moved from € -36,768 to € -377,469. 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 August 29, 2026.
€ -174,503
▼ € 381,411 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -377,469
▼ 927 % more loss than in 2024
Profit after tax over the fiscal year.
€ 54,189
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -321,323.
People and assets in 2025
4.8
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 261,680
▼ 9% vs 2024
€ 54,500 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.
€ 6,499
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 806,223
▼ 19% vs 2024
€ 268,869 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 229,437
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 206,078
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 339,232 | € 285,840 | € 352,223 | € 394,077 | ▲ 12% |
| Profit after taxes | € 9,989 | € -66,968 | € -36,768 | € -377,469 | ▼ € 340,701 |
| Equity | € 316,262 | € 246,484 | € 206,908 | € -174,503 | ▼ € 381,411 |
| Total debts | € 1,522,792 | € 1,590,496 | € 1,519,072 | € 1,439,378 | ▼ 5% |
| Cash | € 77,765 | € 95,856 | € 57,788 | € 54,189 | ▼ 6% |
| Land & buildings | € 721,945 | € 699,196 | € 676,447 | € 489,224 | ▼ 28% |
| Retained profit | € 159,883 | € 92,915 | € 56,146 | € -321,323 | ▼ € 377,469 |
| Bank debt | € 928,803 | € 1,014,811 | € 1,000,939 | € 806,223 | ▼ 19% |
| Balance sheet total | € 1,839,054 | € 1,836,981 | € 1,725,980 | € 1,264,875 | ▼ 27% |
| Employees (FTE) | 230,492.4 | 6.2 | 6.9 | 4.8 | ▼ 2.1 |
Key figures of TITULUS PICTUS, 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 TITULUS PICTUS?
What happened at TITULUS PICTUS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 377,469. filed late Source: NBB ↗
- Baptiste Lardeux stepped down as director. NBB
- New establishment in Elsene. KBO
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 9,989 profit in 2022 to € 377,469 loss in 2025.
Paid € 12,792 in corporate taxes since 2022.
Best year ever: 2022, with € 9,989 profit.
On average € 82,100 of value added per employee in 2025.
A new publication or filing at TITULUS PICTUS? 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 stake of HEBDO PRESS FINANCE, BLMS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TITULUS PICTUSBehind TITULUS PICTUS are Philippe Mesnier and Martin Schulthes . The shares are held by HEBDO PRESS FINANCE (15%) and BLMS.
Directors
According to the 2025 annual accounts
Philippe Mesnier
Director
Martin Schulthes
Director
Baptiste Lardeux
Director
· until 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waverse Steenweg 167 box A
1050 Elsene
Gewijde-Boomstraat 15/5
1050 Elsene
Active since 3 April 2020
Waverse Steenweg 175
1050 Elsene
Active since 14 May 2020
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
- 0835.631.442
- VAT number
- BE 0835.631.442
- Registered office
- Waverse Steenweg 167 bus A, 1050 Elsene
- Names & denominations
- TITULUS PICTUS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 2011
- Peppol
- Active · Active since 19 Feb 2026
- Activities · NACE
Detailhandel in wijnen en geestrijke dranken
Overige detailhandel in voedingsmiddelen, neg
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in dranken, algemeen assortiment
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Cafés en bars
Eetgelegenheden met beperkte bediening
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.