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TIM CONSTRUCT

In bankruptcy Private limited companyfounded 2019Luxemburgstraat 20, 9140 TemseKBO/BCE: BE 0738.538.402

Overview

Information for creditors

Enterprise Court of Ghent, Dendermonde division · Official Gazette of 10-06-2026
Appeal or third-party opposition 25-06-2026Filing the claim in RegSol 02-07-2026First verification report 10-07-2026Late claim until 02-06-2027
Steps, deadlines and articles of law

The procedure

Supervising judge
Guido Henkens
Official Gazette
10-06-2026search the document for 2026/125495

Deadlines

Provisional date payments stopped
12 December 2025The trustee can in some cases challenge payments and security you received since that day. A later judgment can still change the date.art. XX.105, XX.111 and XX.112, Code of Economic Law
Appeal or third-party opposition
passed on 25 June 2026art. XX.108, Code of Economic Law
Filing the claim in RegSol
passed on 2 July 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 10 July 2026art. XX.104 and XX.194, Code of Economic Law
Late claim until
2 June 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law

Trustee

  • Lisa HeuninckIndustriepark-West 75, 9100 Sint- Niklaaslisa.heuninck@bloom-law.be

Steps for a creditor

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. The ordinary term has passed. File a late claim in RegSol (regsol.be) until 2 June 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
  4. Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
  5. Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.

If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.

Follow Follow this bankruptcy and you are notified the next morning if it is closed or reversed.

This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.

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Lifetime

5 annual accounts with figures on one time axis
peak €139,672 (2022)
€28,052▼ 59.9%
lowest -€46,577 (2024)
-€46,577▼ €52,539
peak €131,859 (2023)
€85,283▼ 35.3%
€19,504▼ 68.7%
Board6 names since 2019
1 directorShpejtim Fazliu
Documentsfilings and deeds
18-06-202543 days before the deadline
2024micro format
Gross margin from €69,878 to €28,052Loss of €46,577Equity from €131,859 to €85,283Debts from €62,370 to €19,504Cash from €6,943 to €34,435

Key points

from the 2024 annual accounts, the last ones filed

Result

-€46,577 -€46,577
€5,9602023-€46,6002024

From profit to loss in 2024, after a profit of €5,962 in 2023.

Liquidity

4.92 was 2.98 in 2023

Short-term debts fell from €62,370 to €19,504.

No score

Board and ownership

DR
Director
  • Petko Radkov Dimitrovdeed of 10-02-2026
Board & ownership

Recent changes

29 companies at this address later URBAN CAR MOBILITY, EVIC, MASTRO CONCEPT, EMSTRIA CONCEPT, PLANET PNEUS NAMUR, Verdalume and 23 more · since 2026
Bankruptcy published Enterprise Court of Ghent, Dendermonde division · judgment of 02-06-2026 · Bankruptcy
Resignation: Petko Dimitrov (director) Appointment: Dimitar Radev (director) · The company holds all the shares of TIM CONSTRUCT · General meeting of 31-03-2026 · Gazette deed
Listed in the Peppol Directory
All 18 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 02-06-2026
Registered office
321 active companies are registered at this address71 started in the 12 months before. Source: KBO register, as of 10 November 2026.
Activity
General construction of other non-residential buildingsNACE 41003and 9 others
Joint committee
124Construction · annual accounts 2023
Establishment unit
2.296.643.7599140 Temse, since 28-11-2019
Financial year end
31 December
Peppol
Reachable since 10-04-2026
Company details

Annual accounts 2024

€28,052▼ 59.9%
≈ €190,000estimated
€46,577
€85,283▼ 35.3%
€104,786▼ 46.1%
Employeeson 31-12-2024
0▼ 100%
Filing
Filed on 18-06-2025
Financials

Insights on TIM CONSTRUCT

Equity fell from €131,859 in 2023 to €85,283 in 2024.

On 2 June 2026 the court declared TIM CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 18-06-2025, 43 days before the deadline
€28,052
▼ 59.9%
-€31,317
▼ €39,168
-€46,577
▼ €52,539
€76,415
▼ 38.1%
81.4%
▲ 13.5 percentage points
4.92
▲ 1.94

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €190,000. Estimated: probably between €110,000 and €350,000.

Balance sheet

balance sheet total €104,786 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

81.4%

Higher than 89% of 9,833 companies in 2024.

4.92

Higher than 87% of 9,553 companies in 2024.

-44.4%

Lower than 95% of 9,646 companies in 2024.

TIM CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€41,759

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2024, 1 person joined and 2 left. Training hours in 2024: 70.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20242023202220212020
Balance sheet: assets
20/58 104,786194,229236,855247,790101,372
21/28 8,8688,31311,99330,98135,107
22/27 6,5686,0139,69328,68135,107
23 1,523----
24 5,0456,0139,69328,68135,107
28 2,3002,3002,3002,300-
29/58 95,919185,917224,862216,80966,265
29 0140,000---
291 0140,000---
3 ---02,564
30/36 ---02,564
40/41 61,36032,949187,801182,14656,717
40 33,22026,41729,74248,7581,939
41 28,1406,532158,060133,38854,778
54/58 34,4356,94308435,988
490/1 1236,02537,06133,820995
Balance sheet: equity and liabilities
10/49 104,786194,229236,855247,790101,372
10/15 85,283131,859125,897110,35568,344
10/11 1,5001,5001,5001,5001,500
13 130,359130,359124,397108,85566,844
133 130,359130,359124,397108,85566,844
14 -46,577----
17/49 19,50462,370110,958137,43533,027
17 -012,37830,63410,148
170/4 -012,37830,63410,148
42/48 19,50462,37098,580106,80122,879
42 012,37818,25617,8902,600
43 -07,975947-
430/8 -07,975947-
44 12,71327,36414,02023,3484,074
440/4 12,71327,36414,02023,3484,074
46 -037,63133,698-
45 6,16913,03020,69730,91816,205
450/3 3,84111,80020,42430,00611,455
454/9 2,3281,2302739124,750
47/48 6219,598---
Income statement
9900 28,05269,878139,672111,819102,420
62 29,23151,03356,29136,817-
630 3,6553,2133,6674,6156,072
631/4 24,4314,57043,436--
640/8 2,0522,7441,5262,133626
66A 04672,2794,5423,000
9901 -31,3177,85132,47463,71292,722
75/76B 9686,6293,2303112,373
75 9686,6293,2303112,373
65/66B 15,9685,12011,9992,6182,793
65 15,9685,12011,9992,6182,793
9903 -46,3179,36023,70461,40592,302
67/77 2603,3978,16219,39525,458
9904 -46,5775,96215,54242,01166,844
9905 -46,5775,96215,54242,01166,844
Appropriation of the result
9906 -46,5775,96215,54242,01166,844
691/2 05,96215,54242,01166,844
6921 05,96215,54242,01166,844
Social balance sheet
9087 0.711.21.1-
Hours worked1013 6081,7361,8191,400-
Document PDFPDFPDFPDFPDF

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 18-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 18-06-2025 2025-00158102 PDF
31-12-2023 micro format 06-06-2024 2024-00112776 PDF
31-12-2022 micro format 08-06-2023 2023-00115526 PDF
31-12-2021 micro format 08-07-2022 2022-20167843 PDF
31-12-2020 micro format 03-07-2021 2021-32200365 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020
-27,66211,06436,14168,32698,794
-42,9229,17519,20946,62572,917
4,210-467-15,32119,50543,157
27,4936,943-843-5,145-
76,415123,547126,282110,00943,385
81.4%67.9%53.2%44.5%67.4%
4.922.982.282.032.90
4.922.982.282.032.78
0.230.470.881.250.48
-54.6%4.5%12.3%38.1%97.8%
-44.4%3.1%6.6%17.0%65.9%
-1.732.163.0126.10-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date0112
full-time0112
part-time0000
in full-time equivalents0112
0.711.21.1
On a permanent contract0112
Joined1-13
Left2-01
Training hours70--155

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€4,210--€17,205
Financial fixed assets---€2,300
€3,655€3,213€3,667€4,615

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on TIM CONSTRUCT

The operating result for 2024 is a loss of €31,317, after a profit of €7,851 in 2023. It is the lowest result since 2020.

Debt's share of the balance-sheet total falls from 32.1% to 18.6%. Equity and debt are lower.

Board & ownership

Curator

the curator has managed the company since 02-06-2026
Curator, Industriepark-West 75, 9100 Sint- Niklaas
Also on 109 other cases

Last board

1 director, no change since May 2026
Director
appointed by deed of 05-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 02-12-2019

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
Petko Radkov Dimitrov
Director (not named in the articles)
Shpejtim Fazliu
Director (not named in the articles)
Pranvera Hoxhaxhiku
Director (not named in the articles)
Premtim Fazliu
Director (not named in the articles)
Schpejtim Fazliu
Director (not named in the articles)
BoardEarlierend not datedBankruptcy 02-06-2026
Mandates as a list
  • Dimitar Radev
    • Director, appointed by deed of 05-05-2026, until the bankruptcy of 02-06-2026
  • Petko Radkov Dimitrov
    • Director (not named in the articles), appointed by deed of 10-02-2026, until 05-05-2026
  • Shpejtim Fazliu
    • Director, from 28-11-2019 to 01-04-2021
    • Director (not named in the articles), appointed by deed of 17-06-2021, until 12-12-2025
  • Pranvera Hoxhaxhiku
    • Director (not named in the articles), from 28-11-2019 to 13-11-2021
  • Premtim Fazliu
    • Director (not named in the articles), from 28-11-2019 to 13-11-2021
  • Schpejtim Fazliu
    • Director (not named in the articles), from 28-11-2019, no longer listed in the 2024 annual accounts

See the board, name and registered office on a given date →

Control

This company
TIM CONSTRUCT
Equity €85,283
Loss €46,577 in 2024

Capital

Contribution
€1,500
Shares
100
Contribution per share
€15
Equity per share
€853 in 2024
Source
deed of 02-12-2019

Articles of association

deed of 02-12-2019 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Algemene vergadering die bestuurder(s) benoemt bepaalt hun aantal, duur van opdracht en, indien meerdere, bevoegdheid, natuurlijke personen…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 14:00

Shareholders

At incorporation deed of 02-12-2019 ↗

Network & group

No group

TIM CONSTRUCT has no parent and no holdings in its annual accounts. Dimitar Radev is the only director. TIM CONSTRUCT shares no director with another company.

At the same address

Luxemburgstraat 20, 9140 Temse · 320 other companies
DAF TRUCKS VLAANDEREN
establishment since 21-09-1993 · founded in 1993
1,915 FTE (2025)
0449.372.294
PACCAR FINANCIAL BELUX
registered office since 30-05-2001 · founded in 2001
turnover €16.2m (2025)
0474.932.388
REGUS BELGIUM
establishment since 16-09-2019 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late
turnover €14.6m (2024)
0437.822.267
WAVIN BELGIUM
registered office since 01-04-2008 · founded in 1968 · negative equity (2025)
42 FTE (2025)
0405.062.397
Crisp
registered office since 22-02-2022 · founded in 2022
turnover €13.7m (2025)
0782.487.716
Unaric Belgium
registered office since 18-08-2025 · founded in 2025 · negative equity (2025)
total assets €13.6m (2025)
1026.575.546
ENGHOUSE INTERACTIVE BELGIUM
registered office since 07-05-1997 · founded in 1997
14 FTE (2025)
0460.241.244
Casa International Beheer
registered office since 19-05-2021 · founded in 2021
total assets €7.6m (2026)
0768.546.836
LOCTAX
registered office since 24-09-2020 · founded in 2020
8.7 FTE (2025)
0754.858.750
Triumph International
registered office since 01-01-1968 · founded in 1968
18 FTE (2025)
0400.753.124
and 310 more

Timeline

Timeline

18 events since 2019
2026
29 companies at this address later URBAN CAR MOBILITY, EVIC, MASTRO CONCEPT, EMSTRIA CONCEPT, PLANET PNEUS NAMUR, Verdalume and 23 more · since 2026
Bankruptcy published Enterprise Court of Ghent, Dendermonde division · judgment of 02-06-2026
Resignation: Petko Dimitrov (director)Appointment: Dimitar Radev (director) · The company holds all the shares of TIM CONSTRUCT · General meeting of 31-03-20264 points ▸
  • General meeting, 31-03-2026
  • Director resignation, Petko Dimitrov
  • Director appointment, Dimitar Radev
  • The company holds all the shares of TIM CONSTRUCT

Open the deed in the Belgian Official Gazette

Listed in the Peppol Directory
Registered office moved from Bruges to TemseNew registered office: Luxemburgstraat 20, 9140 Temse · Previous registered office: Koning Albert I-laan 183, 8200 Brugge · Resignation: Shpejtim Fazliu (director) · General meeting of 19-01-20265 points ▸

Open the deed in the Belgian Official Gazette

2025
Annual accounts 2024 filed PDFmicro format · 43 days before the deadline
2024
Weakest financial year net -€46,577 The net result drops to -€46,577, the lowest from 2020 to 2024.
Annual accounts 2023 filed PDFmicro format · 55 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 53 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 23 days before the deadline
2021
Equity above €100,000 equity €110,355 ▲61.5% With a profit in every financial year since 2020, equity grows to €110,355.
Resignations: Premtim Fazliu (director) and Pranvera Hoxhaxhiku (director)Director discharge: Premtim Fazliu · Director discharge: Pranvera Hoxhaxhiku · General meeting of 13-11-20215 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 28 days before the deadline
Appointment: Shpejtim Fazliu (director)1 point ▸
  • Director appointment, Shpejtim Fazliu (director (not named in the articles))
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Registered office moved within BrugesNew registered office: Koning Albert I-laan 183, 8200 Brugge · Previous registered office: Zandstraat 335, 8200 Brugge · Resignation: Fazliu Shpejtim (director) · General meeting of 05-03-20214 points ▸
  • Board meeting, 12-02-2021
  • Registered-office move, Koning Albert I-laan 183, 8200 Brugge
  • General meeting, 05-03-2021
  • Director resignation, Fazliu Shpejtim

Open the deed in the Belgian Official Gazette

2020
Appointment: Premtim Fazliu (director)General meeting of 10-09-20202 points ▸
  • General meeting, 10-09-2020
  • Director appointment, Premtim Fazliu (director (not named in the articles))

Open the deed in the Belgian Official Gazette

2019
IncorporationFounding capital of €1,500, 100 shares · Founders: Schpejtim Fazliu and Pranvera Hoxhaxhiku · Appointments: Schpejtim Fazliu (director) and Pranvera Hoxhaxhiku (director) · published on 02-12-20196 points ▸

Open the deed in the Belgian Official Gazette

First establishment Luxemburgstraat 20, Temse

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 28 November 2019, TIM CONSTRUCT was incorporated as a private limited company by two natural persons, with a starting capital of €1,500.12 The registered office moved to Bruges in 2021 and to Temse in 2026.34 Dimitar Radev is director of the company, appointed by deed of 05-05-2026.5 Total assets went from €101,372 in 2020 to €104,786 in 2024 and headcount from 1.1 full-time equivalents in 2021 to 0.7 in 2024.6 The company was declared bankrupt on 2 June 2026.7

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-12-2019
  3. 3Belgian Official Gazette, 01-04-2021
  4. 4Belgian Official Gazette, 10-02-2026
  5. 5Belgian Official Gazette, 05-05-2026
  6. 6National Bank, annual accounts 2020, 2021 and 2024
  7. 7Belgian Official Gazette, 10-06-2026

Company details

Identity

Enterprise number
0738.538.402
VAT number
BE 0738.538.402
Peppol ID
0208:0738538402
Other Peppol ID
9925:BE0738538402
Legal form
Private limited company
Status
In bankruptcy, since 02-06-2026
Founded
28-11-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 14:00
deed of 02-12-2019 (in Dutch)
Peppol
Listed since 10-04-2026The listing only disappears when the Peppol service provider removes it.
Name
TIM CONSTRUCT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
Joint committees annual accounts 2023
JC 124 Construction
Codes under NACEBEL 2008
41203 Construction of residential and non-residential buildings main activity
43211 Specialised construction activities
43221 Plumbing
43222 Specialised construction activities
43320 Joinery installation
43331 Floor and wall tiling
43341 Painting of buildings
43910 Specialised construction activities
43994 Specialised construction activities
96022 Beauty treatment
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle aankopen, verkopen, herstellingen, plaatsingen, afbraakwerken, voorbereidingswerken en alles wat nodig is voor de activiteit van…”
3 activities
  1. Alle aankopen, verkopen, herstellingen, plaatsingen, afbraakwerken, voorbereidingswerken en alles wat nodig is voor de activiteit van algemeen bouwbedrijf, waaronder niet-limitatief: renovatiewerken, sanitaire werken, elektriciteitswerken, schildwerken, schrijnwerken, dakwerken, nieuwbouw, …
  2. Groot- en kleinhandel in grondstoffen, hulpstoffen, materialen en toebehoren,… binnen de bouwsector.
  3. Schoonheidsverzorging, waaronder niet-limitatief: (medische) pedicure en manicure, gelaats- en lichaamsverzorging, massages, … en de handel in toebehorende producten.
deed of 02-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Luxemburgstraat 20 registered office 9140 Temse 28-11-2019 2.296.643.759
1 former office
  • 8200 Brugge until 12-12-2025 · deed of 10-02-2026

Buildings and parcels at the address

Ground area
7,219 m²
Buildings
1,412 m²
Volume, LiDAR
16,298 m³
Tallest building
16.4 m
Buildings to scale, each on its own parcel
1,412 m², 16.4 m 1,412 m², 16.4 m

Location

registered office establishment The establishment unit on the map
321 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
46025B0179/09E0007,219 m² 1 · 1,412 m² 16.4 m · 4