HOEFMAN TIM
ActiveSummary
HOEFMAN TIM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €706,159 and a net result of €62,001. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 44% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-11
Solvency64▼-36
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 4.89 against 14.84 in 2024; short-term debt: 19.9% and cash: 27.3% of total assets), but 61% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39%
Return on assets
3.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
30 d late
2022
31 d late
2021
24 d late
2020
28 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 company by equity in Gavere, Construction sector
Equity
€706,159▼ 21.7%
2024 · €902,432
Total assets
€1.8m▲ 81.4%
2024 · €997,216
Net result
€62,001▼ 48.6%
2024 · €120,599
Working capital
€1.4m▲ 61.3%
2024 · €866,724
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€208,715▲ 64.6%€173,628▼ 16.8%€174,939▲ 0.8%€172,511▼ 1.4%€85,480▼ 50.4%
Net result€137,618above the sector's middle half▲ 63.4%€114,615within the sector's middle half▼ 16.7%€116,660within the sector's middle half▲ 1.8%€120,599within the sector's middle half▲ 3.4%€62,001within the sector's middle half▼ 48.6%
Equity€550,558within the sector's middle half▲ 33.3%€665,173within the sector's middle half▲ 20.8%€781,833above the sector's middle half▲ 17.5%€902,432above the sector's middle half▲ 15.4%€706,159above the sector's middle half▼ 21.7%
Total assets€1.0mwithin the sector's middle half▲ 27.2%€1.1mwithin the sector's middle half▲ 6.6%€903,873within the sector's middle half▼ 18.6%€997,216within the sector's middle half▲ 10.3%€1.8mabove the sector's middle half▲ 81.4%
Debt€480,427▲ 21.5%€434,710▼ 9.5%€112,040▼ 74.2%€84,784▼ 24.3%€1.1m▲ 1,189%
Working capital€861,307above the sector's middle half▲ 17.3%€984,821above the sector's middle half▲ 14.3%€735,027above the sector's middle half▼ 25.4%€866,724above the sector's middle half▲ 17.9%€1.4mabove the sector's middle half▲ 61.3%
Solvency52.9%within the sector's middle half▲ 2.4pp59.9%within the sector's middle half▲ 7.0pp86.5%above the sector's middle half▲ 26.6pp90.5%above the sector's middle half▲ 4.0pp39.0%within the sector's middle half▼ 51.5pp
Current ratio6.54above the sector's middle half▼ 9.249.98above the sector's middle half▲ 3.4410.53above the sector's middle half▲ 0.5614.84above the sector's middle half▲ 4.314.89above the sector's middle half▼ 9.95
Return on assets (ROA)13.2%above the sector's middle half▲ 2.9pp10.3%within the sector's middle half▼ 2.9pp12.9%within the sector's middle half▲ 2.6pp12.1%within the sector's middle half▼ 0.8pp3.4%within the sector's middle half▼ 8.7pp
Staff (FTE)2.1below the sector's middle half0.8below the sector's middle half0.8below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€51,774 ▼ 23.7%
Current assets
€1.8m ▲ 89.1%
Equity and liabilities €1.8m
Equity
€706,159 ▼ 21.7%
Provisions
€10,000 =
Debt
€1.1m ▲ 1,189%
Debt's share of the balance-sheet total rises from 8.5% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,580▼
2024 · €196,331
Cash flow
€78,101▼
2024 · €144,420
Quick ratio
2.38▼
2024 · 13.30
Debt to equity
1.55▲
2024 · 0.09
ROE
8.8%▼
2024 · 13.4%
Interest coverage
40.88▼
2024 · 63.95
Debt ≤ 1 year
€359,553▲
2024 · €62,619
Debt > 1 year
€733,568▲
2024 · €22,165
Income taxes
€23,615▼
2024 · €50,320
Staff costs
€52,456▲
2024 · €49,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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 17,040 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24,000 | - | - | - |
| Remuneration, social security and pensions62 | €93,460 | €106,915 | €68,490 | €49,428 | €52,456 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,417 | €8,898 | €15,290 | €23,821 | €16,100 | ▼ 32.4% |
| Other operating charges640/8 | €2,353 | €1,441 | €2,064 | €3,841 | €36,454 | ▲ 849% |
| Gross operating margin9900 | €314,945 | €290,882 | €260,782 | €249,601 | €190,490 | ▼ 23.7% |
| Operating profit (loss)9901 | €208,715 | €173,628 | €174,939 | €172,511 | €85,480 | ▼ 50.4% |
| Financial income75/76B | €7 | €927 | €1,639 | €1,478 | €2,621 | ▲ 77.3% |
| Recurring financial income75 | €7 | €927 | €1,639 | €1,478 | €2,621 | ▲ 77.3% |
| Financial charges65/66B | €11,060 | €12,619 | €13,384 | €3,070 | €2,485 | ▼ 19.1% |
| Recurring financial charges65 | €11,060 | €12,619 | €13,384 | €3,070 | €2,485 | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | €197,661 | €161,936 | €163,194 | €170,918 | €85,616 | ▼ 49.9% |
| Income taxes67/77 | €60,043 | €47,321 | €46,533 | €50,320 | €23,615 | ▼ 53.1% |
| Profit (loss) for the period9904 | €137,618 | €114,615 | €116,660 | €120,599 | €62,001 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €137,618 | €114,615 | €116,660 | €120,599 | €62,001 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €903,873 | €997,216 | €1.8m | ▲ 81.4% |
| Fixed assets21/28 | €24,251 | €15,352 | €91,746 | €67,874 | €51,774 | ▼ 23.7% |
| Tangible fixed assets22/27 | €23,350 | €14,451 | €90,845 | €66,973 | €50,873 | ▼ 24.0% |
| Land and buildings22 | €96 | €96 | €96 | - | - | - |
| Furniture and vehicles24 | €23,253 | €14,355 | €90,749 | €66,973 | €50,873 | ▼ 24.0% |
| Financial fixed assets28 | €901 | €901 | €901 | €901 | €901 | = |
| Current assets29/58 | €1.0m | €1.1m | €812,127 | €929,343 | €1.8m | ▲ 89.1% |
| Stocks and contracts in progress3 | €385,000 | €385,000 | €96,250 | €96,250 | €901,250 | ▲ 836% |
| Stocks30/36 | €385,000 | €385,000 | €96,250 | €96,250 | €901,250 | ▲ 836% |
| Amounts receivable within one year40/41 | €119,992 | €300,563 | €430,312 | €486,930 | €354,736 | ▼ 27.1% |
| Trade receivables40 | €104,928 | €92,389 | €146,681 | €198,168 | €146,340 | ▼ 26.2% |
| Other amounts receivable41 | €15,064 | €208,174 | €283,632 | €288,762 | €208,397 | ▼ 27.8% |
| Cash at bank and in hand54/58 | €508,578 | €405,549 | €280,225 | €340,892 | €494,685 | ▲ 45.1% |
| Deferred charges and accrued income490/1 | €3,164 | €3,418 | €5,340 | €5,270 | €6,834 | ▲ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €903,873 | €997,216 | €1.8m | ▲ 81.4% |
| Equity10/15 | €550,558 | €665,173 | €781,833 | €902,432 | €706,159 | ▼ 21.7% |
| Contributions10/11 | €16,600 | €16,600 | €16,600 | €16,600 | €16,600 | = |
| Reserves13 | €461,031 | €575,646 | €692,306 | €812,905 | €616,632 | ▼ 24.1% |
| Non-distributable reserves130/1 | €4,139 | €4,139 | €4,139 | - | - | - |
| Reserves not available under the articles1311 | €4,139 | €4,139 | €4,139 | - | - | - |
| Distributable reserves133 | €456,892 | €571,508 | €688,168 | €812,905 | €616,632 | ▼ 24.1% |
| Profit (loss) carried forward14 | €72,927 | €72,927 | €72,927 | €72,927 | €72,927 | = |
| Provisions and deferred taxes16 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Provisions for liabilities and charges160/5 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Pensions and similar obligations160 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Amounts payable17/49 | €480,427 | €434,710 | €112,040 | €84,784 | €1.1m | ▲ 1,189% |
| Amounts payable after more than one year17 | €325,000 | €325,000 | €34,940 | €22,165 | €733,568 | ▲ 3,210% |
| Financial debts170/4 | €325,000 | €325,000 | €34,940 | €22,165 | €733,568 | ▲ 3,210% |
| Amounts payable within one year42/48 | €155,427 | €109,710 | €77,100 | €62,619 | €359,553 | ▲ 474% |
| Current portion of amounts payable after more than one year42 | €8,997 | - | €11,700 | €12,517 | €13,098 | ▲ 4.6% |
| Financial debts43 | €11,690 | €23,382 | €29,398 | €23,539 | €13,468 | ▼ 42.8% |
| Credit institutions430/8 | €11,690 | €23,382 | €29,398 | €23,539 | €13,468 | ▼ 42.8% |
| Trade debts44 | €74,540 | €71,152 | €28,102 | €13,338 | €64,908 | ▲ 387% |
| Suppliers440/4 | €74,540 | €71,152 | €28,102 | €13,338 | €64,908 | ▲ 387% |
| Taxes, remuneration and social security45 | €60,199 | €15,176 | €7,900 | €13,224 | €9,805 | ▼ 25.9% |
| Taxes450/3 | €43,057 | - | €2,298 | €2,598 | €5,089 | ▲ 95.9% |
| Remuneration and social security454/9 | €17,142 | €15,176 | €5,602 | €10,626 | €4,716 | ▼ 55.6% |
| Other amounts payable47/48 | - | - | - | - | €258,274 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,618 | €114,615 | €116,660 | €120,599 | €62,001 | ▼ 48.6% |
| + Depreciation and write-downs630 | €10,417 | €8,898 | €15,290 | €23,821 | €16,100 | ▼ 32.4% |
| Operating cash flow (approximation) | €148,035 | €123,513 | €131,950 | €144,420 | €78,101 | ▼ 45.9% |
| Investment in fixed assets (approximation) | - | €0 | -€91,683 | €51 | €0 | ▼ 100% |
| Change in cash | - | -€103,029 | -€125,324 | €60,667 | €153,792 | ▲ 154% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
30-09
Financial
Highest result since 2018net €137,618 ▲63.4%
Operating result €208,715, net result €137,618, both a record.
30-09
Financial
Equity above €500,000Eq €550,558 ▲33.3%
4 profitable years in a row build equity to €550,558.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
30-09
Financial
Liquidity times 5current ratio 15.78
Current ratio from 3.22 to 15.78; short-term debt falls from €143,466 to €49,654.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gavere · 1 establishment unit since 2006
Ground area
994 m²
Building footprint
209 m²
Volume, LiDAR
1,036 m³
Parcel 44005A0362/00H002, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HOEFMAN TIM BVBA
since 20062.152.191.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44005A0362/00H002 | Flanders | 994 m² | 1 · 209 m² | 10.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 33 EUR awarded · 127 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 33 EUR | 33 EUR |
| 2023 | 1 | 0 EUR | 94 EUR |
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,480. 2,012 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
43221Plumbing work
Contact
Phone
0476/60 05 02Gavere
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878222261
Also
9925:BE0878222261
Registered
30-08-2023
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.