Equity
€140,130 ▲ 42.1%
Le Timon has made a profit without a break since 2017.
Le Timon
Lifetime
19 annual accounts with figures on one time axispeak €461,844 (2024)
€447,968▼ 3.0%
lowest -€40,878 (2015)
€41,485▲ 106%
peak €140,130 (2025)
€140,130▲ 42.1%
€56,003▲ 30.0%
peak 9.8 FTE (2009)
6.9 FTE▲ 4.5%
Board1 name since 2024
-
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Result from €20,102 to €41,485Equity from €98,645 to €140,130Debts from €43,064 to €56,003Cash from €46,500 to €109,199
Key points
from the 2025 annual accountsStaff
6.9 FTE from 9.8 in 2009
Between 2009 and 2025, 30% of the full-time equivalents disappeared.
Payment terms
16 days to suppliers
Le Timon pays its suppliers 9 days later than in 2024. Customers pay 119 days earlier.
Checked score
98
Excellent
Financially stronger than 80% of micro companies in sports and recreation (NACE 93)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Liquidity: current ratio 3.58, cash €109,199
Equity €140,130 (71.4% of total assets)
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 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 (NACE 93, micro). It does better than 82% of them on solvency, 88% on liquidity, 85% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Le Timon has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Le Timon itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Le Timon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.58 (4.14 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 55.7% of total assets. 28.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
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 €140,130
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 days early
2024
34 days early
2023
29 days early
2022
38 days early
2021
45 days early
2020
15 days early
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Amendment of the articles
Board composition: Collin Yves (director) · Board composition: Nathalie Derooz (director) · Board composition: Robert Duthy (director) · Gazette deed
First establishment
Rue Haut Vinave 27, Remicourt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Le Timon Remicourt | €26,364 | - | 71.4% | 6.9 |
| Hippopassion Tinlot | €254,382 | 0.2% | 76.7% | 11 |
| Stardust Park Ixelles | - | - | -149.2% | 13.3 |
| Hemelhof Brasschaat | - | - | 34.4% | 7.9 |
| TENNIS PANORAMA Overijse | - | - | 13.5% | 3.8 |
| Cercle Equestre Belge La Chevalerie Watermael-Boitsfort | - | - | -413.3% | 10.8 |
| THE OUTSIDER - COAST Diksmuide | - | - | 71.7% | 5.8 |
These companies have the same main activity as Le Timon: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €183,000 and €712,000, founded between 1963 and 1996.
Official details
Source: KBO- Status
- Active since 16-06-1994Normal situation
- Activity
- Operation of sports facilitiesNACE 93110and 1 other
- Establishment unit
- 2.162.780.0964350 Remicourt, since 16-06-1994
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €196,133▲ 38.4%
- Employeeson 31-12-2025
- 15▲ 25.0%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on Le Timon
Le Timon has existed since 1994. The gross margin grew from €253,442 in 2007 to €447,968 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Le Timon
- What is the company number of Le Timon?
- The company number of Le Timon is 0453.767.978. The VAT number is the same number with BE in front: BE 0453.767.978.
- Where is Le Timon based?
- The registered office is at Rue Haut Vinave 27, 4350 Remicourt.Company details
- What does Le Timon do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of Le Timon?
- Le Timon is a non-profit association (VZW).
- When was Le Timon founded?
- Le Timon was founded on 16-06-1994.
- Is Le Timon still active?
- Yes, Le Timon is an active enterprise in the KBO register.
- How many employees does Le Timon have?
- Le Timon had an average of 6.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Le Timon?
- The turnover of Le Timon was €26,364 in financial year 2025, according to the filed annual accounts.
- Is Le Timon profitable?
- In financial year 2025, Le Timon made a profit of €41,485.
- Where can I find the annual accounts of Le Timon?
- Le Timon filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Le Timon due?
- Le Timon must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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