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Brouwerij Timmermans

Active
Public limited companyfounded 1962active for 64 yearsKerkstraat 11, 1701 Dilbeek, BelgiumKBO/BCE: BE 0400.752.332
Summary

Brouwerij Timmermans has been active since 1962 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €377,659. Equity is shrinking by about 6.7% per year across the filed financial years. Its solvency ranks better than 44% of 113 sector peers (NACE 11, financial year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
Manufacture of beer
NACE 11050
3rd oldest company in Flemish Brabant, Beverages sector2 sites
Size
€6.7mturnover 2024
Staff
50.9 FTE
Equity
€1.4m
Profit
€377,659
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Parent
JOHN MARTIN · 99.12%
Holdings
1
Auditor: B.S.T. Bedrijfsrevisoren CVBAAccounts 83 days overdue1 of 14 deeds read
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 04-11-2025)Liquidity: current ratio 0.55, cash €84,2721 financial year not filed after the legal deadline; latest accounts 95 days late; 3 of the last 3 latelowers riskFounded in 1962Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 53% of its sector peers (all companies)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 51+12
equity 25.9% of total assets
Liquidity 21+7
short-term debt 59.1% · cash 1.6%
Profitability 73+49
return on assets 7.2%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (20 companies, NACE 11, medium-sized)
Last 24 months 11-2024: 3.2% 12-2024: 3.5%▲ +0.3 percentage points vs 11-2024 01-2025: 4.8%▲ +1.3 percentage points vs 12-2024highest value 02-2025: 1.8%▼ -3.0 percentage points vs 01-2025 03-2025: 1.7%▼ -0.1 percentage points vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 2.4%▲ +0.5 percentage points vs 07-2025 09-2025: 2.8%▲ +0.4 percentage points vs 08-2025 10-2025: 3.6%▲ +0.8 percentage points vs 09-2025 11-2025: 3.6%● unchanged vs 10-2025 12-2025: 0.5%▼ -3.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026lowest value 04-2026: 0.5%● unchanged vs 03-2026lowest value 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026 10-2026: 1.5%▲ +0.4 percentage points vs 09-2026
Credit of up to €75,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity insufficient (current ratio 0.55, compared with 0.72 in 2023, below 1; short-term debt: 59.1% and cash: 1.6% of total assets), and 74.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 40% on solvency, 16% on liquidity, 72% on profitability and 85% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 04-11-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.55, cash €84,272
NBB · annual accounts
lowers risk · Founded in 1962
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 95 days late; 3 of the last 3 late
NBB · filings
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €1.4m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 83 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline22-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-11-2025, 95 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
95 days late
2023
160 days late
2022
109 days late
2021
22 days late
2020
24 days late
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 68 days after the deadline; the sector median (NACE 11) for financial year 2024 is 2 days before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: B.S.T. Bedrijfsrevisoren CVBA (statutory auditor)Gazette deed
  2. Annual accounts filedfinancial year 2024 · full…
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Positive: Back in profit in 2024after -€160,110 in 2023 €377,659 View
  • Caution: Accounts not fileddeadline was 31-07-2026 83 days late View
  • Positive: 3rd oldest company in Flemish Brabant, Beverages sectorin the Checked rankings No. 3 View
  • Controlled by JOHN MARTINultimately: HOLMAR 99.12% View
  • Positive: 4 years of growth in a rowturnover 2024: €6.7m 4 years View
  • Active since 1962founded 29-06-1962 64 years View
  • Flemish supportawarded from 2022 to 2025 €328,455 View

By topic

Financials

Financial year
2024
Turnover
€6.7m
Profit
€377,659
Solvency
25.9%
Turnover▲ 10.6%
Net result
20182024
Go to Financials

Timeline

Events
52
Since
1978
  1. 31-12-2024Back to profit
  2. 31-12-2024Equity above €1m
  3. 17-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of beerNACE 11050
Founded
29-06-1962
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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