TIM SERGEANT
Bankruptcy closedInactive since 01-07-2026; last annual accounts for fiscal year 2020.
Summary
TIM SERGEANT was declared bankrupt on 14-02-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 30-06-2026, published in the Belgian State Gazette on 06-07-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 15-03-2021, 43 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
43 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 22 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
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Joinery installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
-€3,242▼ 700%
2019 · -€405
Total assets
€299,717▲ 22.5%
2019 · €244,675
Net result
-€2,837▲ 79.6%
2019 · -€13,933
Working capital
€19,310
2019 · -€1,200
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
Line20192020
Operating result-€9,229-€3,919
Net result-€13,933--€2,837▲ 79.6%
Equity-€405--€3,242▼ 700%
Total assets€244,675-€299,717▲ 22.5%
Debt€245,080-€302,959▲ 23.6%
Working capital-€1,200-€19,310
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €3,919 after a loss of €9,229 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €299,717
Fixed assets
€158,917 ▲ 2.0%
Current assets
€140,799 ▲ 58.4%
Key figures and ratios
EBITDA
€29,054▲
2019 · €14,110
Cash flow
€22,298▲
2019 · €9,405
Solvency
-1.1%▼
2019 · -0.2%
Current ratio
1.16▲
2019 · 0.99
Quick ratio
1.03▲
2019 · 0.80
Debt to equity
-55.97
ROA
-0.9%▲
2019 · -5.7%
Debt ≤ 1 year
€121,489▲
2019 · €90,097
Debt > 1 year
€181,470▲
2019 · €151,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,338 | €25,135 | ▲ 7.7% |
| Gross operating margin9900 | €39,924 | €46,708 | ▲ 17.0% |
| Operating profit (loss)9901 | -€9,229 | €3,919 | ▲ 142% |
| Recurring financial charges65 | €4,705 | €6,756 | ▲ 43.6% |
| Profit (loss) for the period before taxes9903 | -€13,933 | -€2,837 | ▲ 79.6% |
| Profit (loss) for the period9904 | -€13,933 | -€2,837 | ▲ 79.6% |
| Profit (loss) for the period to be appropriated9905 | -€13,933 | -€2,837 | ▲ 79.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €244,675 | €299,717 | ▲ 22.5% |
| Fixed assets21/28 | €155,777 | €158,917 | ▲ 2.0% |
| Tangible fixed assets22/27 | €155,777 | €158,917 | ▲ 2.0% |
| Current assets29/58 | €88,898 | €140,799 | ▲ 58.4% |
| Stocks and contracts in progress3 | €16,988 | €16,138 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €69,397 | €105,152 | ▲ 51.5% |
| Cash at bank and in hand54/58 | €515 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €244,675 | €299,717 | ▲ 22.5% |
| Equity10/15 | -€405 | -€3,242 | ▼ 700% |
| Contributions10/11 | €12,400 | €12,400 | = |
| Reserves13 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€13,805 | -€16,642 | ▼ 20.6% |
| Amounts payable17/49 | €245,080 | €302,959 | ▲ 23.6% |
| Amounts payable after more than one year17 | €151,286 | €181,470 | ▲ 20.0% |
| Amounts payable within one year42/48 | €90,097 | €121,489 | ▲ 34.8% |
| Trade debts44 | €40,909 | €72,766 | ▲ 77.9% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€13,933 | -€2,837 | ▲ 79.6% |
| + Depreciation and write-downs630 | €23,338 | €25,135 | ▲ 7.7% |
| Operating cash flow (approximation) | €9,405 | €22,298 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€28,275 | - |
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
2026
06-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 30-06-2026
2023
23-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 14-02-2023
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 43 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalNBB filing
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, Deinze
Ground area
677 m²
Building footprint
110 m²
Volume, LiDAR
780 m³
Parcel 44056A0145/00N000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44056A0145/00N000 | Flanders | 677 m² | 1 · 110 m² | 9.3 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY JOSEPH MARTELAARSLAAN 210, 9000 GENT- |
14-02-2023 → 30-06-2026 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 77 EUR awarded · 77 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 77 EUR | 77 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-12-2015
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.