Tim Heymans
ActiveTim Heymans has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €40k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-16
Solvency64▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.1 in 2024; short-term debt: 32.6% and cash: 39.4% of total assets), and 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
39.2%
Return on assets
11.2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
25 d early
2023
1 d early
2022
17 d early
2021
68 d early
2020
9 d early
2019
38 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▼ 31.5%
2024 · €206k
2018: €24k
2019: €61k
2020: €90k
2021: €76k
2022: €135k
2023: €103k
2024: €206k
2018 → 2025
Total assets
€360k▼ 15.2%
2024 · €424k
2018: €90k
2019: €131k
2020: €293k
2021: €312k
2022: €311k
2023: €343k
2024: €424k
2018 → 2025
Net result
€40k▼ 61.0%
2024 · €104k
2018: €18k
2019: €37k
2020: €29k
2021: €39k
2022: €53k
2023: €86k
2024: €104k
2018 → 2025
Working capital
€49k▼ 57.5%
2024 · €116k
2018: €-2k
2019: €27k
2020: €57k
2021: €47k
2022: €59k
2023: €22k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€135k▲ 77.4%€103k▼ 24.0%€206k▲ 101%€141k▼ 31.5%
Operating result€55k-€78k▲ 41.2%€112k▲ 44.1%€138k▲ 22.8%€57k▼ 58.2%
Net result€39k-€53k▲ 33.4%€86k▲ 62.7%€104k▲ 20.9%€40k▼ 61.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360k
Fixed assets
€193k▼ 4.4%
Current assets
€167k▼ 25.1%
Equity and liabilities €360k
Equity
€141k▼ 31.5%
Debt
€219k▲ 0.1%
The debt ratio rises from 51.5% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €147k
Cash flow
€49k▼
2024 · €113k
Solvency
39.2%▼
2024 · 48.5%
Current ratio
1.42▼
2024 · 2.10
Quick ratio
1.42▼
2024 · 2.10
Debt / equity
1.55▲
2024 · 1.06
ROE
28.6%▼
2024 · 50.2%
ROA
11.2%▼
2024 · 24.4%
Interest coverage
17.46▼
2024 · 35.90
Debt
€219k▲
2024 · €218k
Debt ≤ 1 year
€117k▲
2024 · €106k
Debt > 1 year
€102k▼
2024 · €112k
Income taxes
€14k▼
2024 · €30k
Staff costs
€225k▲
2024 · €213k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€424k€360k▼
Fixed assets21/28€202k€193k▼
Tangible fixed assets22/27€153k€144k▼
Land and buildings22€144k€138k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€5k€4k▼
Leasing and similar rights25-€0
Financial fixed assets28€50k€50k=
Current assets29/58€222k€167k▼
Amounts receivable within one year40/41€4k€24k▲
Trade receivables40-€5k
Other amounts receivable41€4k€20k▲
Cash at bank and in hand54/58€218k€142k▼
Deferred charges and accrued income490/1€151€414▲
Equity and liabilities
Total equity and liabilities10/49€424k€360k▼
Equity10/15€206k€141k▼
Contributions10/11€19k€19k=
Reserves13€187k€122k▼
Distributable reserves133€187k€122k▼
Amounts payable17/49€218k€219k▲
Amounts payable after more than one year17€112k€102k▼
Financial debts170/4€112k€102k▼
Amounts payable within one year42/48€106k€117k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€22k€12k▼
Taxes450/3€14k€4k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€71k€91k▲
Income statement
Code20242025
Remuneration, social security and pensions62€213k€225k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€366k€298k▼
Operating profit (loss)9901€138k€57k▼
Financial income75/76B€422€762▲
Recurring financial income75€422€762▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€134k€54k▼
Income taxes67/77€30k€14k▼
Profit (loss) for the period9904€104k€40k▼
Profit (loss) for the period to be appropriated9905€104k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€40k▼
Transfer from equity791/2-€105k
Transfer to equity691/2€104k€40k▼
To other reserves6921€104k€40k▼
Profit to be distributed694/7-€105k
Return on contributions (dividend)694-€105k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €104k ▲20.9%
Operating result €138k, net result €104k, both a record.
31-12
Financial
Equity above €200kEq €206k ▲101%
7 profitable years in a row build equity to €206k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €135k ▲77.4%
5 profitable years in a row build equity to €135k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Maasmechelen · 2 establishment units since 2018
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.
Windmolenweg(B) 753631 MaasmechelenGround area
2,326 m²
Building footprint
160 m²
Volume, LiDAR
820 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Tim Heymans
since 20182.274.450.060
Tim Heymans
since 20202.305.780.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73008A1482/00L000 | Flanders | 1,180 m² | 1 · 160 m² | 8.8 m · 2 fl. |
| 73008A1662/00A000 | Flanders | 1,147 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 · 1 entry · 187 EUR awarded · 187 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 187 EUR | 187 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Vernibo
BE 0847.203.641
Sint-Katelijne-Waver · Eq €141k
MENUISERIE LAMBRECHTS
BE 0468.553.055
Nivelles · Eq €141k
KRIPAJO
BE 0478.338.870
Damme · Eq €141k
Schrijnwerker Jordy
BE 0779.762.016
Riemst · Eq €141k
RENOWAL
BE 0432.699.974
Charleroi · Eq €141k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2018
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.