TIM CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for TIM CONSTRUCT according to publications in the Belgian State Gazette; curator: LISA HEUNINCK. The 2024 annual accounts show equity of €85k and a net result of €-47k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
55 d early
2022
53 d early
2021
23 d early
2020
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€85k▼ 35.3%
2023 · €132k
2020: €68k
2021: €110k
2022: €126k
2023: €132k
2020 → 2024
Total assets
€105k▼ 46.1%
2023 · €194k
2020: €101k
2021: €248k
2022: €237k
2023: €194k
2020 → 2024
Net result
€-47k
2023 · €6k
2020: €67k
2021: €42k
2022: €16k
2023: €6k
2020 → 2024
Working capital
€76k▼ 38.1%
2023 · €124k
2020: €43k
2021: €110k
2022: €126k
2023: €124k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€110k▲ 61.5%€126k▲ 14.1%€132k▲ 4.7%€85k▼ 35.3%
Operating result€93k-€64k▼ 31.3%€32k▼ 49.0%€8k▼ 75.8%€-31k
Net result€67k-€42k▼ 37.2%€16k▼ 63.0%€6k▼ 61.6%€-47k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €31k after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€9k▲ 6.7%
Current assets
€96k▼ 48.4%
Equity and liabilities €105k
Equity
€85k▼ 35.3%
Debt
€20k▼ 68.7%
The debt ratio falls from 32.1% to 18.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-28k▼
2023 · €11k
Cash flow
€-43k▼
2023 · €9k
Solvency
81.4%▲
2023 · 67.9%
Current ratio
4.92▲
2023 · 2.98
Quick ratio
4.92▲
2023 · 2.98
Debt / equity
0.23▼
2023 · 0.47
ROE
-54.6%▼
2023 · 4.5%
ROA
-44.4%▼
2023 · 3.1%
Interest coverage
-1.73▼
2023 · 2.16
Debt
€20k▼
2023 · €62k
Debt ≤ 1 year
€20k▼
2023 · €62k
Income taxes
€260▼
2023 · €3k
Staff costs
€29k▼
2023 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€194k€105k▼
Fixed assets21/28€8k€9k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€6k€5k▼
Financial fixed assets28€2k€2k=
Current assets29/58€186k€96k▼
Amounts receivable after more than one year29€140k€0▼
Other amounts receivable291€140k€0▼
Amounts receivable within one year40/41€33k€61k▲
Trade receivables40€26k€33k▲
Other amounts receivable41€7k€28k▲
Cash at bank and in hand54/58€7k€34k▲
Deferred charges and accrued income490/1€6k€123▼
Equity and liabilities
Total equity and liabilities10/49€194k€105k▼
Equity10/15€132k€85k▼
Contributions10/11€2k€2k=
Reserves13€130k€130k=
Distributable reserves133€130k€130k=
Profit (loss) carried forward14-€-47k
Amounts payable17/49€62k€20k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€62k€20k▼
Current portion of amounts payable after more than one year42€12k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€27k€13k▼
Suppliers440/4€27k€13k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€13k€6k▼
Taxes450/3€12k€4k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€10k€621▼
Income statement
Code20232024
Remuneration, social security and pensions62€51k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€24k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€467€0▼
Gross operating margin9900€70k€28k▼
Operating profit (loss)9901€8k€-31k▼
Financial income75/76B€7k€968▼
Recurring financial income75€7k€968▼
Financial charges65/66B€5k€16k▲
Recurring financial charges65€5k€16k▲
Profit (loss) for the period before taxes9903€9k€-46k▼
Income taxes67/77€3k€260▼
Profit (loss) for the period9904€6k€-47k▼
Profit (loss) for the period to be appropriated9905€6k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-47k▼
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · TIM CONSTRUCT BV LUXEM- BURGSTRAAT 20, 9140 TEMSE · event 02-06-2026
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-47k ▼881%
Net result drops to €-47k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €110k ▲61.5%
2 profitable years in a row build equity to €110k.
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-11-2021
Pranvera Hoxhaxhiku: Resigned as Director
13-11-2021
Premtim Fazliu: Resigned as Director
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Luxemburgstraat 209140 TemseGround area
7,219 m²
Building footprint
1,412 m²
Volume, LiDAR
16,298 m³
Parcel 46025B0179/09E000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TIM CONSTRUCT
since 20192.296.643.759
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0179/09E000 | Flanders | 7,219 m² | 1 · 1,412 m² | 16.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LISA HEUNINCK INDUSTRIEPARK-WEST 75, 9100 SINT-
NIKLAAS |
02-06-2026 → present |
Structure & network
Connections & network
43 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Show 39 more network connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Recognitions · licences · registrations
Recognised contractor
14 categoriesTIM CONSTRUCT BV41305
Similar companies · same sector, comparable size
TOM ENTREPRISE GENERALE DE CONSTRUCTION
BE 0754.813.715
Lubbeek · Eq €85k
SIMODI CONSTRUCT
BE 0694.959.072
Manage · Eq €86k
Omnifix
BE 0736.310.370
Bonheiden · Eq €85k
STEFANO MOERMAN
BE 0848.752.077
Zwalm · Eq €84k
P.R.E. CONSTRUCT
BE 0879.677.459
Zandhoven · Eq €86k
Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 738 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2019
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43410Roofing work
43994Specialised construction activities
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.