ASSURTIM
ActiveSummary
ASSURTIM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,241 and a net result of €1,872. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-38
Solvency38▲+6
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.34 against 0.26 in 2024; short-term debt: 86.9% and cash: 4.2% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
29 d late
2022
22 d late
2021
29 d late
2020
26 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€25,006▲ 36.9%
2018 · €18,260
EBIT margin
35.4%▲ 32.3pp
2018 · 3.1%
Net result
€1,872
2024 · -€3,377
Working capital
-€27,349▲ 33.0%
2024 · -€40,829
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€4,259€2,597€203▼ 92.2%-€1,896-€17,971▼ 848%
Net result-€4,469▼ 34,978%€798-€2,993-€3,377▼ 12.8%€1,872
EBIT margin
Equity-€4,572▼ 4,325%€10,739€7,746▼ 27.9%€4,369▼ 43.6%€6,241▲ 42.8%
Total assets€33,189▼ 30.9%€28,698▼ 13.5%€27,472▼ 4.3%€59,669▲ 117%€47,608▼ 20.2%
Debt€37,762▼ 21.6%€17,959▼ 52.4%€19,726▲ 9.8%€55,300▲ 180%€41,366▼ 25.2%
Working capital-€23,912▲ 9.7%-€5,158▲ 78.4%-€9,991▼ 93.7%-€40,829▼ 309%-€27,349▲ 33.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,971 in 2025 against €1,896 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,608
Fixed assets
€33,590 ▼ 25.7%
Current assets
€14,017 ▼ 3.1%
Equity and liabilities €47,608
Equity
€6,241 ▲ 42.8%
Debt
€41,366 ▼ 25.2%
Debt's share of the balance-sheet total falls from 92.7% to 86.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€5,704▼
2024 · €8,584
Cash flow
€14,138▲
2024 · €7,103
Current ratio
0.34▲
2024 · 0.26
Debt to equity
6.63▼
2024 · 12.66
ROE
30.0%▲
2024 · -77.3%
ROA
3.9%▲
2024 · -5.7%
Interest coverage
-126.48▼
2024 · 190.75
Debt ≤ 1 year
€41,366▼
2024 · €55,300
Income taxes
€6,644▲
2024 · €1,437
Staff costs
€5,095▼
2024 · €8,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6,730 | €8,800 | €5,095 | ▼ 42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,174 | €9,987 | €11,500 | €10,479 | €12,266 | ▲ 17.1% |
| Other operating charges640/8 | €2,026 | €2,449 | €3,710 | €2,885 | €2,999 | ▲ 3.9% |
| Gross operating margin9900 | €6,941 | €15,033 | €22,143 | €20,269 | €2,389 | ▼ 88.2% |
| Operating profit (loss)9901 | -€4,259 | €2,597 | €203 | -€1,896 | -€17,971 | ▼ 848% |
| Financial income75/76B | - | €1 | - | €0 | €26,532 | ▲ 8,843,793% |
| Recurring financial income75 | - | €1 | - | €0 | €26,532 | ▲ 8,843,793% |
| Non-recurring financial income76B | - | - | - | - | €26,532 | - |
| Financial charges65/66B | €60 | €1,641 | €3,518 | €45 | €45 | ▲ 0.2% |
| Recurring financial charges65 | €60 | €260 | €92 | €45 | €45 | ▲ 0.2% |
| Non-recurring financial charges66B | - | €1,381 | €3,426 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,320 | €957 | -€3,315 | -€1,940 | €8,516 | ▲ 539% |
| Income taxes67/77 | €149 | €159 | -€323 | €1,437 | €6,644 | ▲ 362% |
| Profit (loss) for the period9904 | -€4,469 | €798 | -€2,993 | -€3,377 | €1,872 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | -€4,469 | €798 | -€2,993 | -€3,377 | €1,872 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,189 | €28,698 | €27,472 | €59,669 | €47,608 | ▼ 20.2% |
| Fixed assets21/28 | €21,840 | €18,546 | €17,737 | €45,199 | €33,590 | ▼ 25.7% |
| Intangible fixed assets21 | €2,400 | €1,600 | €800 | - | - | - |
| Tangible fixed assets22/27 | €19,440 | €16,946 | €16,937 | €45,199 | €33,590 | ▼ 25.7% |
| Plant, machinery and equipment23 | €6,522 | €5,742 | €11,566 | €7,597 | €5,219 | ▼ 31.3% |
| Furniture and vehicles24 | €12,918 | €11,204 | €5,371 | €37,602 | €28,371 | ▼ 24.5% |
| Current assets29/58 | €11,350 | €10,151 | €9,735 | €14,470 | €14,017 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €4,571 | €6,381 | €6,360 | €6,059 | - | - |
| Trade receivables40 | €4,571 | €6,381 | €6,360 | €6,059 | - | - |
| Current investments50/53 | - | - | - | - | €11,651 | - |
| Cash at bank and in hand54/58 | €4,042 | €3,323 | €2,068 | €2,441 | €1,981 | ▼ 18.8% |
| Deferred charges and accrued income490/1 | €2,738 | €447 | €1,307 | €5,971 | €385 | ▼ 93.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,189 | €28,698 | €27,472 | €59,669 | €47,608 | ▼ 20.2% |
| Equity10/15 | -€4,572 | €10,739 | €7,746 | €4,369 | €6,241 | ▲ 42.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€25,032 | -€9,721 | -€12,714 | -€16,091 | -€14,219 | ▲ 11.6% |
| Amounts payable17/49 | €37,762 | €17,959 | €19,726 | €55,300 | €41,366 | ▼ 25.2% |
| Amounts payable within one year42/48 | €35,262 | €15,309 | €19,726 | €55,300 | €41,366 | ▼ 25.2% |
| Trade debts44 | €2,233 | €2,814 | €222 | €5,971 | €7,835 | ▲ 31.2% |
| Suppliers440/4 | €2,233 | €2,814 | €222 | €5,971 | €7,835 | ▲ 31.2% |
| Advances received on contracts in progress46 | €1,752 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €149 | €646 | €164 | €1,437 | €5,041 | ▲ 251% |
| Taxes450/3 | €149 | €646 | €164 | €1,437 | €5,041 | ▲ 251% |
| Other amounts payable47/48 | €31,128 | €11,850 | €19,339 | €47,893 | €28,491 | ▼ 40.5% |
| Accrued charges and deferred income492/3 | €2,500 | €2,650 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,469 | €798 | -€2,993 | -€3,377 | €1,872 | ▲ 155% |
| + Depreciation and write-downs630 | €9,174 | €9,987 | €11,500 | €10,479 | €12,266 | ▲ 17.1% |
| Operating cash flow (approximation) | €4,705 | €10,785 | €8,507 | €7,103 | €14,138 | ▲ 99.1% |
| Investment in fixed assets (approximation) | - | -€6,693 | -€10,691 | -€37,941 | -€658 | ▲ 98.3% |
| Change in cash | - | -€719 | -€1,255 | €373 | -€459 | ▼ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €1,872
Net result €1,872 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €798
Net result €798 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€4,469
Net result drops to -€4,469, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Highest result since 2018net €8,788 ▲1,613%
Operating result €8,851, net result €8,788, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2002
Ground area
541 m²
Building footprint
124 m²
Volume, LiDAR
690 m³
Parcel 23544D0426/00Z008, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TIMCO
since 20022.095.806.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544D0426/00Z008 | Flanders | 541 m² | 1 · 124 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded04-02-2002
Fiscal year end31-12
Contact
E-mail
timco@telenet.beOverijse
Phone
0486/04 11 35Overijse
Fax
02/731 79 75Overijse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476806468
Also
9925:BE0476806468
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.