Le Timon
ActiveSummary
Le Timon has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €41k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 83% of 425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+6
Solvency96▲+1
Growth66=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.58 against 4.14 in 2024; short-term debt: 27.7% and cash: 55.7% of total assets), and 28.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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
71.4%
Return on assets
21.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €140k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
29 d early
2022
38 d early
2021
45 d early
2020
15 d early
2019
41 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€26k▲ 2.4%
2024 · €26k
2020: €23klowest in 6 years
2021: €26k▲ +12.4% vs 2020
2022: €33k▲ +27.8% vs 2021highest in 6 years
2023: €28k▼ -15.7% vs 2022
2024: €26k▼ -6.6% vs 2023
2025: €26k▲ +2.4% vs 2024
2020 → 2025
EBIT margin
153.0%▲ 79.5pp
2024 · 73.5%
2020: -149.3%lowest in 6 years
2021: 8.1%▲ +105% vs 2020
2022: 0.2%▼ -98.0% vs 2021
2023: -1.2%▼ -868% vs 2022
2024: 73.5%▲ +6008% vs 2023
2025: 153.0%▲ +108% vs 2024highest in 6 years
2020 → 2025
Net result
€41k▲ 106%
2024 · €20k
2018: €13k
2019: €4k▼ -70.5% vs 2018
2020: €1k▼ -69.0% vs 2019lowest in 8 years
2021: €18k▲ +1399% vs 2020
2022: €3k▼ -85.4% vs 2021
2023: €4k▲ +40.6% vs 2022
2024: €20k▲ +450% vs 2023
2025: €41k▲ +106% vs 2024highest in 8 years
2018 → 2025
Working capital
€140k▲ 33.2%
2024 · €105k
2018: €36klowest in 8 years
2019: €45k▲ +23.7% vs 2018
2020: €79k▲ +75.8% vs 2019
2021: €69k▼ -12.8% vs 2020
2022: €63k▼ -8.0% vs 2021
2023: €70k▲ +11.1% vs 2022
2024: €105k▲ +49.6% vs 2023
2025: €140k▲ +33.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€26k-€33k▲ 27.8%€28k▼ 15.7%€26k▼ 6.6%€26k▲ 2.4%
2021: €26klowest in 5 years
2022: €33k▲ +27.8% vs 2021highest in 5 years
2023: €28k▼ -15.7% vs 2022
2024: €26k▼ -6.6% vs 2023
2025: €26k▲ +2.4% vs 2024
Equity€98k-€93k▼ 5.0%€89k▼ 4.1%€99k▲ 10.6%€140k▲ 42.1%
2021: €98k
2022: €93k▼ -5.0% vs 2021
2023: €89k▼ -4.1% vs 2022lowest in 5 years
2024: €99k▲ +10.6% vs 2023
2025: €140k▲ +42.1% vs 2024highest in 5 years
Operating result€2k-€53▼ 97.5%€-343€19k€40k▲ 113%
2021: €2k
2022: €53▼ -97.5% vs 2021
2023: €-343▼ -747% vs 2022lowest in 5 years
2024: €19k▲ +5616% vs 2023
2025: €40k▲ +113% vs 2024highest in 5 years
Net result€18k-€3k▼ 85.4%€4k▲ 40.6%€20k▲ 450%€41k▲ 106%
2021: €18k
2022: €3k▼ -85.4% vs 2021lowest in 5 years
2023: €4k▲ +40.6% vs 2022
2024: €20k▲ +450% vs 2023
2025: €41k▲ +106% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 113% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196k
Fixed assets
€1k ▼ 50.0%
Current assets
€195k ▲ 40.2%
Equity and liabilities €196k
Equity
€140k ▲ 42.1%
Debt
€56k ▲ 30.0%
Debt's share of the balance-sheet total falls from 30.4% to 28.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €29k
Cash flow
€43k▲
2024 · €30k
Current ratio
3.58▼
2024 · 4.14
Debt to equity
0.40▼
2024 · 0.44
ROE
29.6%▲
2024 · 20.4%
ROA
21.2%▲
2024 · 14.2%
Interest coverage
360.16▲
2024 · 318.69
Debt ≤ 1 year
€54k▲
2024 · €34k
Staff costs
€405k▼
2024 · €432k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€142k€196k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€3k€1k▼
Current assets29/58€139k€195k▲
Amounts receivable within one year40/41€92k€86k▼
Trade receivables40€20k€12k▼
Other amounts receivable41€72k€73k▲
Cash at bank and in hand54/58€47k€109k▲
Deferred charges and accrued income490/1€21€22▲
Equity and liabilities
Total equity and liabilities10/49€142k€196k▲
Equity10/15€99k€140k▲
Reserves13€99k€140k▲
Amounts payable17/49€43k€56k▲
Amounts payable within one year42/48€34k€54k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€32k€31k▼
Taxes450/3€4k-
Remuneration and social security454/9€28k€31k▲
Accrued charges and deferred income492/3€10k€2k▼
Income statement
Code20242025
Turnover70€26k€26k▲
Non-recurring operating income76A€19k-
Goods, raw materials, services and sundry goods60/61€93k€105k▲
Remuneration, social security and pensions62€432k€405k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€1k▼
Other operating charges640/8€713€868▲
Non-recurring operating charges66A€198€446▲
Gross operating margin9900€462k€448k▼
Operating profit (loss)9901€19k€40k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€326€504▲
Non-recurring financial income76B€946€770▼
Financial charges65/66B€91€137▲
Recurring financial charges65€91€116▲
Non-recurring financial charges66B-€21
Profit (loss) for the period before taxes9903€20k€41k▲
Profit (loss) for the period9904€20k€41k▲
Profit (loss) for the period to be appropriated9905€20k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€41k▲
To contributions691€20k€41k▲
Social balance
Average headcount (FTE)90876.66.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €26k | €33k | €28k | €26k | €26k | ▲ 2.4% |
| Non-recurring operating income76A | - | - | - | €19k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €97k | €101k | €107k | €93k | €105k | ▲ 13.0% |
| Remuneration, social security and pensions62 | €264k | €341k | €384k | €432k | €405k | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €14k | €10k | €1k | ▼ 86.1% |
| Other operating charges640/8 | €761 | €812 | €731 | €713 | €868 | ▲ 21.8% |
| Non-recurring operating charges66A | - | - | €266 | €198 | €446 | ▲ 125% |
| Gross operating margin9900 | €282k | €356k | €398k | €462k | €448k | ▼ 3.0% |
| Operating profit (loss)9901 | €2k | €53 | €-343 | €19k | €40k | ▲ 113% |
| Financial income75/76B | €16k | €3k | €4k | €1k | €1k | ▲ 0.2% |
| Recurring financial income75 | €8k | €10 | €4k | €326 | €504 | ▲ 54.9% |
| Non-recurring financial income76B | €8k | €3k | €4k | €946 | €770 | ▼ 18.6% |
| Financial charges65/66B | €232 | €190 | €109 | €91 | €137 | ▲ 51.0% |
| Recurring financial charges65 | €232 | €190 | €109 | €91 | €116 | ▲ 27.7% |
| Non-recurring financial charges66B | - | - | - | - | €21 | - |
| Profit (loss) for the period before taxes9903 | €18k | €3k | €4k | €20k | €41k | ▲ 106% |
| Profit (loss) for the period9904 | €18k | €3k | €4k | €20k | €41k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €18k | €3k | €4k | €20k | €41k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134k | €131k | €125k | €142k | €196k | ▲ 38.4% |
| Fixed assets21/28 | €37k | €30k | €19k | €3k | €1k | ▼ 50.0% |
| Intangible fixed assets21 | €356 | €153 | - | - | - | - |
| Tangible fixed assets22/27 | €37k | €30k | €19k | €3k | €1k | ▼ 50.0% |
| Land and buildings22 | €291 | - | - | - | - | - |
| Plant, machinery and equipment23 | €28k | €26k | €19k | €3k | €1k | ▼ 50.0% |
| Furniture and vehicles24 | €8k | €4k | - | - | - | - |
| Current assets29/58 | €97k | €101k | €106k | €139k | €195k | ▲ 40.2% |
| Amounts receivable within one year40/41 | €50k | €64k | €62k | €92k | €86k | ▼ 7.5% |
| Trade receivables40 | €267 | €12k | €4k | €20k | €12k | ▼ 39.9% |
| Other amounts receivable41 | €50k | €51k | €58k | €72k | €73k | ▲ 1.7% |
| Cash at bank and in hand54/58 | €47k | €37k | €45k | €47k | €109k | ▲ 135% |
| Deferred charges and accrued income490/1 | €89 | €27 | €21 | €21 | €22 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134k | €131k | €125k | €142k | €196k | ▲ 38.4% |
| Equity10/15 | €98k | €93k | €89k | €99k | €140k | ▲ 42.1% |
| Reserves13 | €72k | €75k | €79k | €99k | €140k | ▲ 42.1% |
| Investment grants15 | €26k | €18k | €11k | - | - | - |
| Amounts payable17/49 | €36k | €38k | €36k | €43k | €56k | ▲ 30.0% |
| Amounts payable after more than one year17 | €7k | - | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Other amounts payable178/9 | €4k | - | - | - | - | - |
| Amounts payable within one year42/48 | €29k | €38k | €36k | €34k | €54k | ▲ 62.1% |
| Financial debts43 | €5k | €3k | - | - | - | - |
| Credit institutions430/8 | €5k | €3k | - | - | - | - |
| Trade debts44 | €9k | €499 | €1k | €2k | €5k | ▲ 161% |
| Suppliers440/4 | €9k | €499 | €1k | €2k | €5k | ▲ 161% |
| Taxes, remuneration and social security45 | €15k | €34k | €35k | €32k | €31k | ▼ 3.3% |
| Taxes450/3 | - | - | - | €4k | - | - |
| Remuneration and social security454/9 | €15k | €34k | €35k | €28k | €31k | ▲ 9.5% |
| Accrued charges and deferred income492/3 | €429 | €429 | - | €10k | €2k | ▼ 83.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €3k | €4k | €20k | €41k | ▲ 106% |
| + Depreciation and write-downs630 | €14k | €14k | €14k | €10k | €1k | ▼ 86.1% |
| Operating cash flow (approximation) | €32k | €16k | €18k | €30k | €43k | ▲ 42.5% |
| Investment in fixed assets (approximation) | - | €-7k | €-3k | €6k | €0 | ▼ 100% |
| Change in cash | - | €-10k | €7k | €2k | €63k | ▲ 3,511% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €41k ▲106%
Operating result €40k, net result €41k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲42.1%
8 profitable years in a row build equity to €140k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €1k ▼69%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 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, Remicourt · 1 establishment unit since 1994
Ground area
6,836 m²
Building footprint
81 m²
Volume, LiDAR
542 m³
Parcel 64050B0531/00K000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le Timon
since 19942.162.780.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64050B0531/00K000 | Wallonia | 6,836 m² | 1 · 81 m² | 7.7 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.
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 1,117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded16-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.