TIM COOLS
ActiveSummary
TIM COOLS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €254,754 and a net result of €74,399. Equity is growing by ~12.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.08 against 4.18 in 2023; short-term debt: 12.3% and cash: 51.1% of total assets), and 17.7% of the assets are financed with debt.
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Signals
Three 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
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 21-06-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
35 d early
2023
33 d early
2022
34 d early
2021
31 d early
2020
31 d early
2019
31 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 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
€162,266
EBIT margin
34.7%
Net result
€74,399▲ 50.6%
2023 · €49,414
Working capital
€155,650▲ 70.0%
2023 · €91,542
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€162,266
Operating result€33,914▲ 20.9%€56,246▲ 65.8%€77,695▲ 38.1%€70,250▼ 9.6%€105,403▲ 50.0%
Net result€20,616within the sector's middle half▲ 12.0%€38,707within the sector's middle half▲ 87.7%€55,618within the sector's middle half▲ 43.7%€49,414within the sector's middle half▼ 11.2%€74,399within the sector's middle half▲ 50.6%
EBIT margin34.7%
Equity€145,667within the sector's middle half▲ 9.1%€174,324within the sector's middle half▲ 19.7%€223,791within the sector's middle half▲ 28.4%€198,755within the sector's middle half▼ 11.2%€254,754within the sector's middle half▲ 28.2%
Total assets€213,125within the sector's middle half▲ 3.0%€206,146within the sector's middle half▼ 3.3%€276,966within the sector's middle half▲ 34.4%€251,718within the sector's middle half▼ 9.1%€309,494within the sector's middle half▲ 23.0%
Debt€58,769▼ 9.2%€23,133▼ 60.6%€44,486▲ 92.3%€44,274▼ 0.5%€46,051▲ 4.0%
Working capital€73,768within the sector's middle half▲ 8.4%€80,015within the sector's middle half▲ 8.5%€106,200within the sector's middle half▲ 32.7%€91,542within the sector's middle half▼ 13.8%€155,650within the sector's middle half▲ 70.0%
Solvency68.3%within the sector's middle half▲ 3.8pp84.6%above the sector's middle half▲ 16.2pp80.8%above the sector's middle half▼ 3.8pp79.0%above the sector's middle half▼ 1.8pp82.3%above the sector's middle half▲ 3.4pp
Current ratio3.74within the sector's middle half▼ 0.364.46within the sector's middle half▲ 0.725.92above the sector's middle half▲ 1.464.18within the sector's middle half▼ 1.735.08above the sector's middle half▲ 0.90
Return on assets (ROA)9.7%within the sector's middle half▲ 0.8pp18.8%within the sector's middle half▲ 9.1pp20.1%within the sector's middle half▲ 1.3pp19.6%within the sector's middle half▼ 0.5pp24.0%within the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 50% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €309,494
Fixed assets
€115,683 ▼ 12.0%
Current assets
€193,811 ▲ 61.1%
Equity and liabilities €309,494
Equity
€254,754 ▲ 28.2%
Provisions
€8,689 =
Debt
€46,051 ▲ 4.0%
Debt's share of the balance-sheet total falls from 17.6% to 14.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121,137▲
2023 · €87,996
Cash flow
€90,133▲
2023 · €67,159
Debt to equity
0.18▼
2023 · 0.22
ROE
29.2%▲
2023 · 24.9%
Interest coverage
145.15▲
2023 · 84.46
Debt ≤ 1 year
€38,161▲
2023 · €28,759
Debt > 1 year
€7,890▼
2023 · €15,515
Income taxes
€30,309▲
2023 · €19,927
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,340 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% | 1.0% |
| 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% 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €162,266 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €93,136 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,604 | €13,537 | €6,872 | €17,745 | €15,734 | ▼ 11.3% |
| Other operating charges640/8 | - | €1,104 | €1,149 | €946 | €976 | ▲ 3.2% |
| Gross operating margin9900 | €46,616 | €70,887 | €85,716 | €88,941 | €122,113 | ▲ 37.3% |
| Operating profit (loss)9901 | €33,914 | €56,246 | €77,695 | €70,250 | €105,403 | ▲ 50.0% |
| Financial income75/76B | - | - | €61 | €132 | €139 | ▲ 5.3% |
| Recurring financial income75 | €10 | - | €61 | €132 | €139 | ▲ 5.3% |
| Financial charges65/66B | - | €1,950 | €497 | €1,042 | €835 | ▼ 19.9% |
| Recurring financial charges65 | €1,503 | €1,950 | €497 | €1,042 | €835 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €32,420 | €54,295 | €77,259 | €69,341 | €104,708 | ▲ 51.0% |
| Income taxes67/77 | €11,804 | €15,589 | €21,641 | €19,927 | €30,309 | ▲ 52.1% |
| Profit (loss) for the period9904 | €20,616 | €38,707 | €55,618 | €49,414 | €74,399 | ▲ 50.6% |
| Profit (loss) for the period to be appropriated9905 | €31,616 | €38,707 | €55,618 | €49,414 | €74,399 | ▲ 50.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,125 | €206,146 | €276,966 | €251,718 | €309,494 | ▲ 23.0% |
| Fixed assets21/28 | €112,432 | €102,998 | €149,162 | €131,417 | €115,683 | ▼ 12.0% |
| Intangible fixed assets21 | €1,143 | - | - | - | - | - |
| Tangible fixed assets22/27 | €111,289 | €102,998 | €149,162 | €131,417 | €115,683 | ▼ 12.0% |
| Land and buildings22 | - | €87,248 | €88,578 | €85,538 | €82,491 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | €4,291 | €3,058 | €1,825 | ▼ 40.3% |
| Furniture and vehicles24 | - | €15,750 | €56,294 | €42,821 | €31,368 | ▼ 26.7% |
| Current assets29/58 | €100,694 | €103,147 | €127,804 | €120,301 | €193,811 | ▲ 61.1% |
| Amounts receivable after more than one year29 | - | - | €15,000 | - | - | - |
| Other amounts receivable291 | - | - | €15,000 | - | - | - |
| Amounts receivable within one year40/41 | €18,657 | €30,473 | €38,606 | €38,420 | €31,028 | ▼ 19.2% |
| Trade receivables40 | - | €30,473 | €38,606 | €38,420 | €31,028 | ▼ 19.2% |
| Cash at bank and in hand54/58 | €80,650 | €67,862 | €72,609 | €80,090 | €158,274 | ▲ 97.6% |
| Deferred charges and accrued income490/1 | - | €4,813 | €1,589 | €1,791 | €4,508 | ▲ 152% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,125 | €206,146 | €276,966 | €251,718 | €309,494 | ▲ 23.0% |
| Equity10/15 | €145,667 | €174,324 | €223,791 | €198,755 | €254,754 | ▲ 28.2% |
| Contributions10/11 | - | €65,000 | €65,000 | €5,000 | €5,000 | = |
| Reserves13 | €77,916 | €108,173 | €158,791 | €193,755 | €249,754 | ▲ 28.9% |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | - | - | - |
| Reserves not available under the articles1311 | - | €6,500 | €6,500 | - | - | - |
| Distributable reserves133 | - | €101,673 | €152,291 | €193,755 | €249,754 | ▲ 28.9% |
| Profit (loss) carried forward14 | €2,751 | €1,151 | - | - | - | - |
| Provisions and deferred taxes16 | €8,689 | €8,689 | €8,689 | €8,689 | €8,689 | = |
| Provisions for liabilities and charges160/5 | - | €8,689 | €8,689 | €8,689 | €8,689 | = |
| Pensions and similar obligations160 | - | €8,689 | €8,689 | €8,689 | €8,689 | = |
| Amounts payable17/49 | €58,769 | €23,133 | €44,486 | €44,274 | €46,051 | ▲ 4.0% |
| Amounts payable after more than one year17 | €31,843 | - | €22,882 | €15,515 | €7,890 | ▼ 49.1% |
| Financial debts170/4 | - | - | €22,882 | €15,515 | €7,890 | ▼ 49.1% |
| Amounts payable within one year42/48 | €26,926 | €23,133 | €21,604 | €28,759 | €38,161 | ▲ 32.7% |
| Current portion of amounts payable after more than one year42 | - | €4,414 | €7,118 | €7,367 | €7,624 | ▲ 3.5% |
| Trade debts44 | €1,015 | €761 | €378 | €1,635 | €906 | ▼ 44.6% |
| Suppliers440/4 | - | €761 | €378 | €1,635 | €906 | ▼ 44.6% |
| Taxes, remuneration and social security45 | - | €7,774 | €7,957 | €11,807 | €11,231 | ▼ 4.9% |
| Taxes450/3 | - | €7,774 | €7,957 | €9,734 | €10,657 | ▲ 9.5% |
| Remuneration and social security454/9 | - | - | - | €2,073 | €574 | ▼ 72.3% |
| Other amounts payable47/48 | - | €10,184 | €6,151 | €7,950 | €18,400 | ▲ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,616 | €38,707 | €55,618 | €49,414 | €74,399 | ▲ 50.6% |
| + Depreciation and write-downs630 | €11,604 | €13,537 | €6,872 | €17,745 | €15,734 | ▼ 11.3% |
| Operating cash flow (approximation) | €32,220 | €52,243 | €62,490 | €67,159 | €90,133 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€4,103 | -€53,036 | €0 | €0 | - |
| Change in cash | - | -€12,788 | €4,747 | €7,481 | €78,185 | ▲ 945% |
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
15-07
State Gazette act
General meeting · Director resignation
Director discharge · Board composition
03-07
State Gazette act
Incorporation · Name clause
Legal form clause · Registered office clause
03-07
State Gazette act
Incorporation · Name clause
Legal form clause · Registered office clause
21-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
03-06
State Gazette act
Incorporation · Name clause
Legal form clause · Registered office clause
21-05
State Gazette act
General meeting · Other statement
Approval · Director discharge
13-05
State Gazette act
Other statement · Share transfer
Registered-office move · Power of attorney
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €74,399 ▲50.6%
Operating result €105,403, net result €74,399, both a record.
31-12
Financial
Equity above €200,000Eq €254,754 ▲28.2%
7 profitable years in a row build equity to €254,754.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Show earlier events
2022
31-12
Financial
Equity above €200,000Eq €223,791 ▲28.4%
5 profitable years in a row build equity to €223,791.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €174,324 ▲19.7%
4 profitable years in a row build equity to €174,324.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB 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, Westerlo · 1 establishment unit since 2007
Ground area
812 m²
Building footprint
129 m²
Volume, LiDAR
1,022 m³
Parcel 13039A0127/00W002, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ter Voort 161, 2260 Westerlo
since 20072.181.424.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039A0127/00W002 | Flanders | 812 m² | 1 · 129 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 954 EUR awarded · 954 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 360 EUR | 360 EUR |
| 2024 | 1 | 549 EUR | 549 EUR |
| 2023 | 1 | 45 EUR | 45 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,189 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
Founded04-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890567193
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.