TIM
ActiveSummary
TIM has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,427 and a net result of €19,593. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 4,323 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €59,427
- Profit
- €19,593
Why 91raises riskLiquidity: current ratio 3.71, cash €5,790lowers riskSector: Other professional, scientific and technical activities (NACE 74)Founded in 2013Figures for financial year 2025 (filed 28-07-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 74, micro): better than 41% on solvency, 45% on liquidity, 60% on profitability and 80% on growth.
The bankruptcy probability was computed on 28-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 54% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,196 | €14,196 | €14,522 | €10,590 | €9,137 | €9,137 | €9,423 | €9,966 | ▲ 5.8% |
| Other operating charges640/8 | - | - | - | €2,270 | €3,428 | €3,897 | €2,795 | €2,590 | ▼ 7.3% |
| Gross operating margin9900 | €25,677 | €21,073 | €9,397 | €8,133 | €32,643 | €41,991 | €31,983 | €42,940 | ▲ 34.3% |
| Operating profit (loss)9901 | €6,942 | €3,723 | -€8,645 | -€4,726 | €20,078 | €28,957 | €19,765 | €30,384 | ▲ 53.7% |
| Financial income75/76B | - | - | - | €2 | €4 | €3 | €5 | €36 | ▲ 580% |
| Recurring financial income75 | €4 | €10 | - | €2 | €4 | €3 | €5 | €36 | ▲ 580% |
| Financial charges65/66B | - | - | - | €3,244 | €3,280 | €3,688 | €3,483 | €2,997 | ▼ 13.9% |
| Recurring financial charges65 | €4,108 | €3,665 | €3,070 | €3,244 | €3,280 | €3,688 | €3,483 | €2,997 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €2,839 | €69 | -€11,716 | -€7,968 | €16,802 | €25,271 | €16,288 | €27,423 | ▲ 68.4% |
| Income taxes67/77 | €7,500 | - | -€5,000 | - | €1,527 | - | €3,616 | €7,830 | ▲ 117% |
| Profit (loss) for the period9904 | -€4,661 | €69 | -€6,716 | -€7,968 | €15,274 | €25,271 | €12,672 | €19,593 | ▲ 54.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,661 | €69 | -€6,716 | -€7,968 | €15,274 | €25,271 | €12,672 | €19,593 | ▲ 54.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €182,146 | €170,373 | €143,122 | €139,361 | €129,266 | €134,729 | €150,103 | €158,258 | ▲ 5.4% |
| Fixed assets21/28 | €155,664 | €141,467 | €129,731 | €120,132 | €110,995 | €101,857 | €108,896 | €98,930 | ▼ 9.2% |
| Tangible fixed assets22/27 | €155,664 | €141,467 | €129,731 | €120,132 | €110,995 | €101,857 | €108,896 | €98,930 | ▼ 9.2% |
| Plant, machinery and equipment23 | - | - | - | €2,569 | €1,682 | €795 | €1,358 | €1,197 | ▼ 11.8% |
| Leasing and similar rights25 | - | - | - | €117,563 | €109,313 | €101,063 | €107,538 | €97,733 | ▼ 9.1% |
| Current assets29/58 | €26,482 | €28,906 | €13,392 | €19,229 | €18,271 | €32,872 | €41,207 | €59,328 | ▲ 44.0% |
| Stocks and contracts in progress3 | €734 | €1,019 | €262 | €588 | €1,176 | €837 | €488 | €199 | ▼ 59.2% |
| Stocks30/36 | - | - | - | €588 | €1,176 | €837 | €488 | €199 | ▼ 59.2% |
| Amounts receivable within one year40/41 | €12,694 | €19,570 | €2,610 | €7,014 | €12,753 | €26,531 | €32,091 | €52,723 | ▲ 64.3% |
| Trade receivables40 | - | - | - | €5,014 | €10,281 | €11,116 | €391 | €5,791 | ▲ 15× |
| Other amounts receivable41 | - | - | - | €2,000 | €2,473 | €15,415 | €31,700 | €46,932 | ▲ 48.1% |
| Cash at bank and in hand54/58 | €3,002 | €2,717 | €9,763 | €2,844 | €464 | €4,144 | €7,356 | €5,790 | ▼ 21.3% |
| Deferred charges and accrued income490/1 | - | - | - | €8,783 | €3,878 | €1,359 | €1,272 | €614 | ▼ 51.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €182,146 | €170,373 | €143,122 | €139,361 | €129,266 | €134,729 | €150,103 | €158,258 | ▲ 5.4% |
| Equity10/15 | €1,231 | €1,300 | -€5,415 | -€13,384 | €1,890 | €27,162 | €39,834 | €59,427 | ▲ 49.2% |
| Contributions10/11 | €13,700 | €13,700 | - | €13,700 | €13,700 | €13,700 | €13,700 | €13,700 | = |
| Reserves13 | - | - | - | - | €15,274 | €15,274 | €25,774 | €45,274 | ▲ 75.7% |
| Distributable reserves133 | - | - | - | - | €15,274 | €15,274 | €25,774 | €45,274 | ▲ 75.7% |
| Profit (loss) carried forward14 | -€12,469 | -€12,400 | -€19,115 | -€27,084 | -€27,084 | -€1,813 | €360 | €453 | ▲ 26.0% |
| Amounts payable17/49 | €180,915 | €169,073 | €148,538 | €152,745 | €127,375 | €107,567 | €110,269 | €98,830 | ▼ 10.4% |
| Amounts payable after more than one year17 | €156,302 | €141,188 | €127,795 | €118,473 | €104,901 | €92,745 | €93,618 | €82,506 | ▼ 11.9% |
| Financial debts170/4 | - | - | - | €118,473 | €104,901 | €92,745 | €93,618 | €82,506 | ▼ 11.9% |
| Amounts payable within one year42/48 | €24,164 | €27,885 | €20,743 | €34,271 | €22,462 | €14,795 | €15,874 | €16,010 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,087 | €13,175 | €13,468 | €14,583 | €13,020 | ▼ 10.7% |
| Trade debts44 | €2,502 | €2,709 | €1,633 | €1,945 | €138 | - | €675 | €1,219 | ▲ 80.7% |
| Suppliers440/4 | - | - | - | €1,945 | €138 | - | €675 | €1,219 | ▲ 80.7% |
| Advances received on contracts in progress46 | - | - | - | €4,955 | €2,950 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,274 | €2,119 | €1,326 | €617 | €1,771 | ▲ 187% |
| Taxes450/3 | - | - | - | €2,024 | €869 | €1,326 | €617 | €1,771 | ▲ 187% |
| Remuneration and social security454/9 | - | - | - | €1,250 | €1,250 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €13,010 | €4,080 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €12 | €27 | €777 | €315 | ▼ 59.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,661 | €69 | -€6,716 | -€7,968 | €15,274 | €25,271 | €12,672 | €19,593 | ▲ 54.6% |
| + Depreciation and write-downs630 | €14,196 | €14,196 | €14,522 | €10,590 | €9,137 | €9,137 | €9,423 | €9,966 | ▲ 5.8% |
| Operating cash flow (approximation) | €9,535 | €14,265 | €7,806 | €2,621 | €24,412 | €34,409 | €22,095 | €29,559 | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | €0 | -€2,785 | -€991 | €0 | €0 | -€16,462 | €0 | - |
| Change in cash | - | -€285 | €7,046 | -€6,919 | -€2,380 | €3,680 | €3,212 | -€1,566 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00360296 |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00272746 |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00320818 |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00311802 |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20142696 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45100453 |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-38600107 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42900231 |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-41400174 |
| 31-03-2016 | abbreviated format | 19-09-2016 | 2016-60300561 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 27-10-2023 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
27-10
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Director in office8 facts ▸
- General meeting, 16-10-2023
- Other provision, “sole shareholder powers, aan de algemene vergadering toegekende bevoegdheden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar maken, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director in office, De Heldt Tim Leopold Gusta (director)
- Purpose change
- Amendment of the articles
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13452N1316/00Z000 | Flanders | 313 m² | 1 · 253 m² | 9.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Activiteiten van interieuradviseurs; Activiteiten van interieurdecorateurs; Geven van kleuradvies; Verhuur van allerhande apparatuur,gadgets…” (deed in Dutch)
59 activities (deed in Dutch)
- Activiteiten van interieuradviseurs
- Activiteiten van interieurdecorateurs
- Geven van kleuradvies
- Verhuur van allerhande apparatuur,gadgets en materialen
- Ontwerp van meubels,meubelaccessoires en inrichting accessoires
- Klein en groothandel in meubels en meubelaccessoires
- Import en export van meubels-meubelaccessoires en inrichting accessoires en benodigdheden
- Klein en groothandel in kledingstoffen en meublileringsstoffen
- Klein en groothandel in lamellen/gordijnen/aankledingszaken woning
- Ontwerpen van textielpatronen,kleding,juwelen en decoratieartikelen
- Plaatsen freelancers/mensen voor de uitvoering van de taken en de coördinatie ervan
- Diverse administratieve en uitvoerende taken en activiteiten ten behoeve van kantoren en fabrieken
- Helpen bij en met de administratieve taken voor bedrijven en particulieren
- Dienstverlening inzake verkoop praktijken en marketing
- Overige dienstverlening
- Immobiliën en alle handelingen en taken hieromtrent
- De vennootschap mag ook alle roerende en onroerende goederen als investeringen verwerven,zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap
- Ze kan deelnemen in of zich op een andere wijze interesseren aan andere vennootschappen,ondernemingen,groeperingen of organisaties.Ze mag zich hiervoor hypothecair borg stellen of aval verlenen,voorschotten en kredieten toestaan,hypothecaire of andere waarborgen verstrekken.Ze mag ook de functie van bestuurder of vereffenaar in andere vennootschappen uitoefenen.In het algemeen belang mag zij alle verrichtingen uitvoeren die nodig of dienstig zijn voor de verwezenlijking van haar voorwerp,dit zowel in België als in het buitenland
- Exploitatievennootschap die het vruchtgebruik verwerft van een onroerend goed dat de vennootschap niet(of in geringe mate)zal gebruiken voor de uitoefening van de bedrijfsactiviteit en dat derhalve in hoofdzaak een privé bestemming zal krijgen(terbeschikkingsstelling van het genot van het onroerend goed aan de zaakvoerder)
- Managementsvennootschap
- Netting-overeenkomst
- Handelsbemiddeling in voedings- en genotsmiddelen
- Groothandel in andere voedingsmiddelen
- Niet gespecialiseerde groothandel in diepgevroren voedingsmiddelen
- Niet gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen,drank en genotsmiddelen
- Overige kleinhandel in voedings- en genotsmiddelen in gespecialiseerde winkels
- Catering
- Verhuur van vaat- en glaswerk,keuken- en tafelgerei,elektrische huishoudapparaten,enzovoort
- Verhuur van kleding,textiel en schoeisel
- Verhuur van theaterkostuums,carnavalskleding,ceremoniekleding,sierraden,enzovoort
- Verhuur en lease van andere consumptieartikelen
- Diverse zakelijke dienstverlening
- Klaarmaken,thuisbezorgen en eventueel serveren van maaltijden en bereide schotels
- Organiseren en verzorgen van bruiloften,banketten,cocktails,lunches,recepties enzovoort
- Overige eetgelegenheden
- Bereiden van maaltijden en spijzen in centrale keukens voor rekening van derden,zoals voor luchtvaartmaatschappijen,kantines,bedrijfsrestaurants,enzovoort
- Organisatie van congressen en beurzen
- Beroepsopleiding
- Overige vormen van onderwijs
- Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
- Beoefening van uitvoerende kunsten door artistieke ensembles
- Overige recreatie- en ontspanningsactiviteiten
- Organisatie events en andere festiviteiten
- Organisatie foodtruck festivals
- Foodtrucks
- Cafés en bars,discotheken,dancings en dergelijken
- Detailhandel in dranken in gespecialiseerder winkels,algemeen assortiment
- Air b&b
- Uitzenden en opleiden personeel
- Houden van workshops
- Organisatie van bedrijfsfeesten
- Slijpen van messen en onderhoud keukengerei
- Ontwerpen borden en andere gerief met logo
- Desserts in weckpotjes
- Kookstudio
- Restaurant
- Diensten aan en voor horecabedrijven
- Personenvervoer
- Het uitvoeren van leveringen,waaronder post- en pakketvervoer
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, een of meer personen” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Kan vrij beslissen over overdracht van alle of deel van zijn aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 18 June at 18:00