Result
From profit to loss in 2024, after a profit of €5,962 in 2023.
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.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
Embed the TIM CONSTRUCT company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
From profit to loss in 2024, after a profit of €5,962 in 2023.
Short-term debts fell from €62,370 to €19,504.
Return came to this address 1 day after the ruling.
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.
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.
Higher than 89% of 9,833 companies in 2024.
Higher than 87% of 9,553 companies in 2024.
Lower than 95% of 9,646 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2024, 1 person joined and 2 left. Training hours in 2024: 70.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
104,786 | 194,229 | 236,855 | 247,790 | 101,372 | |
21/28 |
8,868 | 8,313 | 11,993 | 30,981 | 35,107 | |
22/27 |
6,568 | 6,013 | 9,693 | 28,681 | 35,107 | |
23 |
1,523 | - | - | - | - | |
24 |
5,045 | 6,013 | 9,693 | 28,681 | 35,107 | |
28 |
2,300 | 2,300 | 2,300 | 2,300 | - | |
29/58 |
95,919 | 185,917 | 224,862 | 216,809 | 66,265 | |
29 |
0 | 140,000 | - | - | - | |
291 |
0 | 140,000 | - | - | - | |
3 |
- | - | - | 0 | 2,564 | |
30/36 |
- | - | - | 0 | 2,564 | |
40/41 |
61,360 | 32,949 | 187,801 | 182,146 | 56,717 | |
40 |
33,220 | 26,417 | 29,742 | 48,758 | 1,939 | |
41 |
28,140 | 6,532 | 158,060 | 133,388 | 54,778 | |
54/58 |
34,435 | 6,943 | 0 | 843 | 5,988 | |
490/1 |
123 | 6,025 | 37,061 | 33,820 | 995 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
104,786 | 194,229 | 236,855 | 247,790 | 101,372 | |
10/15 |
85,283 | 131,859 | 125,897 | 110,355 | 68,344 | |
10/11 |
1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
13 |
130,359 | 130,359 | 124,397 | 108,855 | 66,844 | |
133 |
130,359 | 130,359 | 124,397 | 108,855 | 66,844 | |
14 |
-46,577 | - | - | - | - | |
17/49 |
19,504 | 62,370 | 110,958 | 137,435 | 33,027 | |
17 |
- | 0 | 12,378 | 30,634 | 10,148 | |
170/4 |
- | 0 | 12,378 | 30,634 | 10,148 | |
42/48 |
19,504 | 62,370 | 98,580 | 106,801 | 22,879 | |
42 |
0 | 12,378 | 18,256 | 17,890 | 2,600 | |
43 |
- | 0 | 7,975 | 947 | - | |
430/8 |
- | 0 | 7,975 | 947 | - | |
44 |
12,713 | 27,364 | 14,020 | 23,348 | 4,074 | |
440/4 |
12,713 | 27,364 | 14,020 | 23,348 | 4,074 | |
46 |
- | 0 | 37,631 | 33,698 | - | |
45 |
6,169 | 13,030 | 20,697 | 30,918 | 16,205 | |
450/3 |
3,841 | 11,800 | 20,424 | 30,006 | 11,455 | |
454/9 |
2,328 | 1,230 | 273 | 912 | 4,750 | |
47/48 |
621 | 9,598 | - | - | - | |
| Income statement | ||||||
9900 |
28,052 | 69,878 | 139,672 | 111,819 | 102,420 | |
62 |
29,231 | 51,033 | 56,291 | 36,817 | - | |
630 |
3,655 | 3,213 | 3,667 | 4,615 | 6,072 | |
631/4 |
24,431 | 4,570 | 43,436 | - | - | |
640/8 |
2,052 | 2,744 | 1,526 | 2,133 | 626 | |
66A |
0 | 467 | 2,279 | 4,542 | 3,000 | |
9901 |
-31,317 | 7,851 | 32,474 | 63,712 | 92,722 | |
75/76B |
968 | 6,629 | 3,230 | 311 | 2,373 | |
75 |
968 | 6,629 | 3,230 | 311 | 2,373 | |
65/66B |
15,968 | 5,120 | 11,999 | 2,618 | 2,793 | |
65 |
15,968 | 5,120 | 11,999 | 2,618 | 2,793 | |
9903 |
-46,317 | 9,360 | 23,704 | 61,405 | 92,302 | |
67/77 |
260 | 3,397 | 8,162 | 19,395 | 25,458 | |
9904 |
-46,577 | 5,962 | 15,542 | 42,011 | 66,844 | |
9905 |
-46,577 | 5,962 | 15,542 | 42,011 | 66,844 | |
| Appropriation of the result | ||||||
9906 |
-46,577 | 5,962 | 15,542 | 42,011 | 66,844 | |
691/2 |
0 | 5,962 | 15,542 | 42,011 | 66,844 | |
6921 |
0 | 5,962 | 15,542 | 42,011 | 66,844 | |
| Social balance sheet | ||||||
9087 |
0.7 | 1 | 1.2 | 1.1 | - | |
Hours worked1013 |
608 | 1,736 | 1,819 | 1,400 | - | |
| Document | ||||||
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.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-06-2025 | 2025-00158102 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00112776 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00115526 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20167843 | |
| 31-12-2020 | micro format | 03-07-2021 | 2021-32200365 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -27,662 | 11,064 | 36,141 | 68,326 | 98,794 | ||
| -42,922 | 9,175 | 19,209 | 46,625 | 72,917 | ||
| 4,210 | -467 | -15,321 | 19,505 | 43,157 | ||
| 27,493 | 6,943 | -843 | -5,145 | - | ||
| 76,415 | 123,547 | 126,282 | 110,009 | 43,385 | ||
| 81.4% | 67.9% | 53.2% | 44.5% | 67.4% | ||
| 4.92 | 2.98 | 2.28 | 2.03 | 2.90 | ||
| 4.92 | 2.98 | 2.28 | 2.03 | 2.78 | ||
| 0.23 | 0.47 | 0.88 | 1.25 | 0.48 | ||
| -54.6% | 4.5% | 12.3% | 38.1% | 97.8% | ||
| -44.4% | 3.1% | 6.6% | 17.0% | 65.9% | ||
| -1.73 | 2.16 | 3.01 | 26.10 | - |
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.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 0 | 1 | 1 | 2 |
| full-time | 0 | 1 | 1 | 2 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 0 | 1 | 1 | 2 |
| 0.7 | 1 | 1.2 | 1.1 | |
| On a permanent contract | 0 | 1 | 1 | 2 |
| Joined | 1 | - | 1 | 3 |
| Left | 2 | - | 0 | 1 |
| Training hours | 70 | - | - | 155 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| 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)
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.
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.
| 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 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
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
| Establishment | Since | Unit number |
|---|---|---|
| Luxemburgstraat 20 registered office 9140 Temse | 28-11-2019 | 2.296.643.759 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46025B0179/09E000 | 7,219 m² | 1 · 1,412 m² | 16.4 m · 4 |
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