Summary
The computed 12-month bankruptcy probability of TIM’S CONCEPT is 3.0% (moderate). The 2024 annual accounts show equity of €76,717 and a net result of €73,717. Its solvency ranks better than 83% of 36381 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Axes, FY 2024
Profitability100
Solvency100
Growth-
Track record79
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
76.8%
Return on assets
73.8%
Age of the figures
27 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 11-02-2025, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2024
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€76,717
Total assets
€99,867
Net result
€73,717
Working capital
€75,374
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €99,867
Fixed assets
€1,344
Current assets
€98,524
Equity and liabilities €99,867
Equity
€76,717
Debt
€23,150
Debt finances 23.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€91,762
Cash flow
€73,938
Current ratio
4.26
Debt to equity
0.30
ROE
96.1%
ROA
73.8%
Interest coverage
230.34
Debt ≤ 1 year
€23,150
Income taxes
€19,645
Annual accounts
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €221 |
| Other operating charges640/8 | €1,190 |
| Gross operating margin9900 | €92,953 |
| Operating profit (loss)9901 | €91,542 |
| Financial income75/76B | €2,219 |
| Recurring financial income75 | €2,219 |
| Financial charges65/66B | €398 |
| Recurring financial charges65 | €398 |
| Profit (loss) for the period before taxes9903 | €93,363 |
| Income taxes67/77 | €19,645 |
| Profit (loss) for the period9904 | €73,717 |
| Profit (loss) for the period to be appropriated9905 | €73,717 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €99,867 | |
| Fixed assets21/28 | €1,344 | |
| Tangible fixed assets22/27 | €1,344 | |
| Furniture and vehicles24 | €1,344 | |
| Current assets29/58 | €98,524 | |
| Amounts receivable within one year40/41 | €98,188 | |
| Trade receivables40 | €54,488 | |
| Other amounts receivable41 | €43,700 | |
| Cash at bank and in hand54/58 | €128 | |
| Deferred charges and accrued income490/1 | €208 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €99,867 | |
| Equity10/15 | €76,717 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €73,717 | |
| Amounts payable17/49 | €23,150 | |
| Amounts payable within one year42/48 | €23,150 | |
| Trade debts44 | €3,505 | |
| Suppliers440/4 | €3,505 | |
| Taxes, remuneration and social security45 | €19,645 | |
| Taxes450/3 | €19,645 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €73,717 |
| + Depreciation and write-downs630 | €221 |
| Operating cash flow (approximation) | €73,938 |
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
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ternat · 1 establishment unit since 2023
Ground area
430 m²
Building footprint
165 m²
Volume, LiDAR
786 m³
Parcel 23071C0579/00R000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TIM’S CONCEPT
since 20232.341.685.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071C0579/00R000 | Flanders | 429 m² | 1 · 165 m² | 10.1 m · 1 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.
Similar companies · same sector, comparable size
O.K.L.
BE 0502.895.906
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Lede · Eq €76,757
PHILLECTRIC
BE 0804.347.358
Rixensart · Eq €76,677
APJ TECHNIEK
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Olen · Eq €76,669
JONAS MAUHIN ELECTRICITE
BE 0791.345.794
Welkenraedt · Eq €76,665
Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,801 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
Founded03-02-2023
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43320Joinery installation
43331Floor and wall tiling
43422Screed work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797996333
Also
9925:BE0797996333
Registered
17-02-2026
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.