Active · per the CBE, 19 September 2026

TIEM

BE0841302081

Rechtspersoon Private limited company 1 establishment

TIEM is an engineering firm in Izegem. Private Limited, started on 15 November 2011, 1 establishment.

Nederweg 12, 8870 Izegem +32483414481 [email protected]

Behind the company: Nicolas Malfait, Siska Tillie.

Active for

14 year, 10 months

Financials

Financial year 2025

TIEM from Izegem, company number BE0841302081, closed financial year 2025 with a result of € -1,479 after tax. For that financial year TIEM recorded a gross margin of € 87,917 and equity of € 393,130. Compared with financial year 2024, the result moved from € 21,956 to € -1,479. 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 December 24, 2025.

What it is worth Healthy

€ 393,130

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1,479

▼ still € 21,956 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 17,675

▼ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 386,930.

People and assets in 2025

Vehicles and equipment

€ 5,994

▼ 50% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 years to go

€ 363,564

▼ 8% vs 2024

€ 33,056 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 20,961

▲ € 18,503 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 13,518

▼ 10% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € 202,533 € 171,213 € 103,850 € 87,917 ▼ 15%
Profit after taxes € 85,738 € 56,831 € 21,956 € -1,479 ▼ € 23,435
Equity € 315,822 € 372,652 € 394,608 € 393,130
Total debts € 571,793 € 495,218 € 420,829 € 405,537 ▼ 4%
Cash € 105,452 € 39,781 € 21,113 € 17,675 ▼ 16%
Land & buildings € 542,690 € 491,548 € 455,984 € 397,211 ▼ 13%
Retained profit € 309,622 € 366,452 € 388,408 € 386,930
Bank debt € 463,127 € 430,261 € 397,076 € 363,564 ▼ 8%
Balance sheet total € 887,615 € 867,870 € 815,437 € 798,667 ▼ 2%

Key figures of TIEM, 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 TIEM?

What happened at TIEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2025: loss of € 1,479 (▼ € 23,435 vs 2024). Source: NBB ↗
  • New establishment in Izegem. KBO
  • Start of the company according to the CBE. KBO

In short

From € 85,738 profit in 2022 to € 1,479 loss in 2025.

Paid € 63,828 in corporate taxes since 2022.

Best year ever: 2022, with € 85,738 profit.

Management

Nicolas Malfait Siska Tillie
TIEM

Behind TIEM are Nicolas Malfait and Siska Tillie. The same people are also behind ILUVIA.

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Directors

According to the 2025 annual accounts

Nicolas Malfait

Director

Also active at: ILUVIA

Siska Tillie

Director

Also active at: ILUVIA

Establishments

Establishment units

Physical locations of this company

Registered office

Nederweg 12

8870 Izegem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0841.302.081
VAT number
BE 0841.302.081
Registered office
Nederweg 12, 8870 Izegem
Names & denominations
TIEM
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
15 November 2011
Peppol
Active · Active since 11 Dec 2025
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Holdings

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Frequently asked questions

What does TIEM do?
TIEM is an engineering firm in Izegem. Private Limited, started on 15 November 2011, 1 establishment.
What is the address of TIEM?
The registered office of TIEM is located at Nederweg 12, 8870 Izegem.
Is TIEM still active?
Yes. According to the CBE (19 September 2026) TIEM is active, legal situation “Normale toestand”, started on 15 November 2011.
Is TIEM registered on Peppol?
Yes, TIEM is registered on the Peppol network with ID 0208:0841302081.
What is the enterprise number of TIEM?
The enterprise number of TIEM is BE0841302081.
When was TIEM founded?
TIEM was founded on 15 November 2011.