TIM Consult
ActiveSummary
TIM Consult has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €631,569 and a net result of €49,001. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 64% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency88▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.9 in 2024; short-term debt: 20.3% and cash: 4.2% of total assets), and 37.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.8%
Return on assets
4.9%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
30 d late
2022
3 d early
2021
31 d late
2020
89 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Geetbets, Telecoms and IT sector#3 company by total assets in Geetbets, Telecoms and IT sector#3 oldest company in Geetbets, Telecoms and IT sector
Equity
€631,569▲ 8.4%
2024 · €582,569
Total assets
€1.0m▲ 2.6%
2024 · €979,963
Net result
€49,001▼ 1.6%
2024 · €49,805
Working capital
€233,916▲ 31.2%
2024 · €178,254
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€60,043▲ 22.9%€83,431▲ 39.0%€31,746▼ 62.0%€78,954▲ 149%€80,780▲ 2.3%
Net result€37,904▲ 59.0%€55,237▲ 45.7%€16,973▼ 69.3%€49,805▲ 193%€49,001▼ 1.6%
Equity€460,553▲ 9.0%€515,791▲ 12.0%€532,764▲ 3.3%€582,569▲ 9.3%€631,569▲ 8.4%
Total assets€859,222▲ 0.3%€850,957▼ 1.0%€842,169▼ 1.0%€979,963▲ 16.4%€1.0m▲ 2.6%
Debt€398,669▼ 8.2%€335,166▼ 15.9%€309,405▼ 7.7%€397,394▲ 28.4%€374,145▼ 5.9%
Working capital€179,001▲ 17.6%€362,096▲ 102%€375,385▲ 3.7%€178,254▼ 52.5%€233,916▲ 31.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€567,763 ▼ 5.8%
Current assets
€437,952 ▲ 16.2%
Equity and liabilities €1.0m
Equity
€631,569 ▲ 8.4%
Debt
€374,145 ▼ 5.9%
Debt's share of the balance-sheet total falls from 40.6% to 37.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,622▲
2024 · €117,030
Cash flow
€87,842=
2024 · €87,881
Current ratio
2.15▲
2024 · 1.90
Debt to equity
0.59▼
2024 · 0.68
ROE
7.8%▼
2024 · 8.5%
ROA
4.9%▼
2024 · 5.1%
Interest coverage
8.63▼
2024 · 12.05
Debt ≤ 1 year
€204,036▲
2024 · €198,765
Debt > 1 year
€170,109▼
2024 · €198,630
Income taxes
€17,954▼
2024 · €19,659
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,684 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €111,424 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,018 | €35,453 | €33,879 | €38,076 | €38,842 | ▲ 2.0% |
| Other operating charges640/8 | €5,895 | €9,899 | €6,467 | €41,488 | €7,051 | ▼ 83.0% |
| Gross operating margin9900 | €103,956 | €128,784 | €72,092 | €158,518 | €126,673 | ▼ 20.1% |
| Operating profit (loss)9901 | €60,043 | €83,431 | €31,746 | €78,954 | €80,780 | ▲ 2.3% |
| Financial income75/76B | - | €48 | €900 | €219 | €33 | ▼ 85.1% |
| Recurring financial income75 | - | €48 | €900 | €219 | €33 | ▼ 85.1% |
| Financial charges65/66B | €5,062 | €5,676 | €6,044 | €9,709 | €13,858 | ▲ 42.7% |
| Recurring financial charges65 | €5,062 | €5,676 | €6,044 | €9,709 | €13,858 | ▲ 42.7% |
| Profit (loss) for the period before taxes9903 | €54,981 | €77,803 | €26,602 | €69,464 | €66,954 | ▼ 3.6% |
| Income taxes67/77 | €17,077 | €22,566 | €9,629 | €19,659 | €17,954 | ▼ 8.7% |
| Profit (loss) for the period9904 | €37,904 | €55,237 | €16,973 | €49,805 | €49,001 | ▼ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €37,904 | €55,237 | €16,973 | €49,805 | €49,001 | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €859,222 | €850,957 | €842,169 | €979,963 | €1.0m | ▲ 2.6% |
| Fixed assets21/28 | €564,870 | €408,928 | €384,383 | €602,945 | €567,763 | ▼ 5.8% |
| Tangible fixed assets22/27 | €564,745 | €408,803 | €384,258 | €602,820 | €567,638 | ▼ 5.8% |
| Land and buildings22 | €538,959 | €391,364 | €369,038 | €565,895 | €535,495 | ▼ 5.4% |
| Plant, machinery and equipment23 | €175 | - | €3,130 | €5,309 | €3,875 | ▼ 27.0% |
| Furniture and vehicles24 | €11,832 | €6,368 | €2,994 | €3,148 | €1,630 | ▼ 48.2% |
| Other tangible fixed assets26 | €13,779 | €11,071 | €9,096 | €28,469 | €26,638 | ▼ 6.4% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €294,352 | €442,029 | €457,786 | €377,018 | €437,952 | ▲ 16.2% |
| Amounts receivable after more than one year29 | €10,000 | €10,000 | €80,000 | - | - | - |
| Other amounts receivable291 | €10,000 | €10,000 | €80,000 | - | - | - |
| Amounts receivable within one year40/41 | €261,566 | €290,238 | €316,033 | €366,081 | €395,518 | ▲ 8.0% |
| Trade receivables40 | €21,962 | €19,590 | €18,755 | €46,296 | €72,933 | ▲ 57.5% |
| Other amounts receivable41 | €239,605 | €270,648 | €297,279 | €319,785 | €322,585 | ▲ 0.9% |
| Cash at bank and in hand54/58 | €22,786 | €141,791 | €61,753 | €10,937 | €42,434 | ▲ 288% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €859,222 | €850,957 | €842,169 | €979,963 | €1.0m | ▲ 2.6% |
| Equity10/15 | €460,553 | €515,791 | €532,764 | €582,569 | €631,569 | ▲ 8.4% |
| Contributions10/11 | €152,700 | €152,700 | €152,700 | €152,700 | €152,700 | = |
| Reserves13 | €110,697 | €110,697 | €110,697 | €110,697 | €110,697 | = |
| Non-distributable reserves130/1 | €15,270 | €15,270 | - | - | - | - |
| Reserves not available under the articles1311 | €15,270 | €15,270 | - | - | - | - |
| Distributable reserves133 | €95,427 | €95,427 | €110,697 | €110,697 | €110,697 | = |
| Profit (loss) carried forward14 | €197,157 | €252,394 | €269,367 | €319,172 | €368,173 | ▲ 15.4% |
| Amounts payable17/49 | €398,669 | €335,166 | €309,405 | €397,394 | €374,145 | ▼ 5.9% |
| Amounts payable after more than one year17 | €283,318 | €255,233 | €227,004 | €198,630 | €170,109 | ▼ 14.4% |
| Financial debts170/4 | €283,318 | €255,233 | €227,004 | €198,630 | €170,109 | ▼ 14.4% |
| Amounts payable within one year42/48 | €115,351 | €79,933 | €82,401 | €198,765 | €204,036 | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | €51,157 | €28,085 | €28,229 | €28,374 | €28,521 | ▲ 0.5% |
| Trade debts44 | €8,120 | €8,960 | €6,012 | €10,740 | €25,346 | ▲ 136% |
| Suppliers440/4 | €8,120 | €8,960 | €6,012 | €10,740 | €25,346 | ▲ 136% |
| Taxes, remuneration and social security45 | €51,339 | €41,609 | €46,048 | €27,291 | €32,065 | ▲ 17.5% |
| Taxes450/3 | €51,339 | €41,609 | €46,048 | €27,291 | €32,065 | ▲ 17.5% |
| Other amounts payable47/48 | €4,734 | €1,279 | €2,112 | €132,360 | €118,104 | ▼ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,904 | €55,237 | €16,973 | €49,805 | €49,001 | ▼ 1.6% |
| + Depreciation and write-downs630 | €38,018 | €35,453 | €33,879 | €38,076 | €38,842 | ▲ 2.0% |
| Operating cash flow (approximation) | €75,922 | €90,690 | €50,852 | €87,881 | €87,842 | = |
| Investment in fixed assets (approximation) | - | €120,490 | -€9,334 | -€256,638 | -€3,659 | ▲ 98.6% |
| Change in cash | - | €119,005 | -€80,038 | -€50,816 | €31,496 | ▲ 162% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €55,237 ▲45.7%
Operating result €83,431, net result €55,237, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.53
Current ratio from 2.55 to 5.53; short-term debt falls from €115,351 to €79,933.
31-12
Financial
Equity above €500,000Eq €515,791 ▲12%
4 profitable years in a row build equity to €515,791.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €29,596
Net result €29,596 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geetbets · 1 establishment unit since 2004
Ground area
3,323 m²
Building footprint
295 m²
Volume, LiDAR
1,121 m³
2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TIM Consult
since 20042.142.198.775
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041K0266/00A000 | Flanders | 1,724 m² | 1 · 144 m² | - |
| 24028D0321/00B002 | Flanders | 1,600 m² | 1 · 151 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Tim Holding
- TIM Consult
Highest known parent: Tim Holding. The sources do not say who stands above it.
Owners 1
- Tim Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 10,911 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869617371
Also
9925:BE0869617371
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.