Checked.be
Active
BE 0807.944.771Private limited company
TIM TAM
Nieuwe Baan 135 ·9111 Sint-Niklaas, Belgium· 17 yrs active
Sector: Retail sale of footwear
(47721)
Conclusion
The computed 12-month bankruptcy probability of TIM TAM is 1.9% (moderate). The 2024 annual accounts show equity of €18k and a net result of €-264k. Equity is shrinking by ~19.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 11% of 9575 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €18k |
| Net result | €-264k |
| Staff (FTE) | 14.1 |
| Better than sector | 11% |
Financial profile
34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
2
Profitability
0
Solvency
9
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
2
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
55
2020
71
2021
77
2022
32
2023
2
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.83 (< 1.0)
-10
Quick ratio
Quick ratio 0.43 (< 0.6)
-5
Leverage
Debt/equity 38.65 (> 3.0)
-10
Profitability
Negatieve ROE -1449%
-10
Interest coverage
Interest coverage -25.4× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.5% | 38.5% | |
| Net result | €-264k | €44k | |
| Equity | €18k | €332k | |
| Gross operating margin | €448k | €266k | |
| Staff costs | €636k | €166k |
€-233k
-173.4%
20-24
€-264k
-150.7%
20-24
€-225k
-259.6%
20-24
€723k
-24.4%
20-24
€18k
-93.5%
20-24
€-108k
-
20-24
14
-17.5%
20-24
€636k
-13.8%
20-24
€153
-
20-24
€705k
+4.6%
20-24
€654k
+17.8%
20-24
€34k
-66.7%
20-24
0.83
-37.3%
20-24
0.43
-32.8%
20-24
2.5%
-91.5%
20-24
38.65
+1520.1%
20-24
-1449.1%
-3784.0%
20-24
-36.5%
-231.6%
20-24
-25.41
-254.9%
20-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ | 2020 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | -173.4% | - | -22.3% | - | - |
| Net profit | -150.7% | - | - | +97.2% | - |
| Cash flow | -259.6% | - | -34.5% | - | - |
| Staff costs | -13.8% | -2.9% | +26.8% | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -24.4% | -11.9% | +5.7% | +22.7% | - |
| Equity | -93.5% | -27.2% | +2.3% | -7.7% | - |
| Debt | +4.6% | -3.4% | +7.7% | +51.9% | - |
| of which ≤ 1y | +17.8% | +10.8% | +34.0% | +8.7% | - |
| of which > 1y | -66.7% | -40.5% | -29.1% | +3764.9% | - |
| Working capital | - | -45.0% | -38.6% | +74.7% | - |
| Employees (FTE) | -17.5% | -13.6% | +10.6% | -3.2% | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.83 | 1.33 | 1.67 | 2.46 | 1.91 |
| Quick ratio | 0.43 | 0.64 | 0.92 | 1.67 | 0.56 |
| Working capital ratio | -14.9% | 19.3% | 30.9% | 53.2% | 37.4% |
| Solvency | 2.5% | 29.5% | 35.7% | 36.9% | 49.1% |
| Debt / equity | 38.65 | 2.39 | 1.80 | 1.71 | 0.02 |
| Long-term debt ratio | 1.85 | 0.36 | 0.44 | 0.63 | 0.02 |
| Interest coverage | -25.41 | -7.16 | 1.67 | 4.08 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -36.5% | -11.0% | 0.8% | -3.1% | -136.4% |
| ROE | -1449.1% | -37.3% | 2.2% | -8.3% | -278.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €723k | €957k | €1.09M | €1.03M | €838k |
| Fixed assets | 21/28 | €177k | €217k | €249k | €106k | €180k |
| Intangible fixed assets | 21 | - | - | - | €0 | €11k |
| Tangible fixed assets | 22/27 | €177k | €217k | €249k | €106k | €170k |
| Current assets | 29/58 | €546k | €740k | €837k | €921k | €657k |
| Stocks & contracts in progress | 3 | €266k | €387k | €378k | €297k | €464k |
| Amounts receivable within one year | 40/41 | €63k | €113k | €254k | €477k | €163k |
| Investments | 50/53 | €85k | €83k | €81k | €20k | - |
| Cash & bank | 54/58 | €80k | €105k | €67k | €34k | €28k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €723k | €957k | €1.09M | €1.03M | €838k |
| Equity | 10/15 | €18k | €283k | €388k | €379k | €411k |
| Contributions / capital | 10/11 | €470k | €470k | €470k | €470k | - |
| Accumulated profits (losses) | 14 | €-452k | €-187k | €-82k | €-91k | €-59k |
| Amounts payable | 17/49 | €705k | €674k | €698k | €648k | €427k |
| Amounts payable after one year | 17 | €34k | €101k | €170k | €240k | €6k |
| Amounts payable within one year | 42/48 | €654k | €555k | €501k | €374k | €344k |
| Trade debts payable within one year | 44 | €206k | €181k | €227k | €213k | €150k |
| Income statement | ||||||
| Gross operating margin | 9900 | €448k | €693k | €868k | €685k | €211k |
| Operating result | 9901 | €-273k | €-128k | €12k | €-38k | €-433k |
| Financial income | 75 | €18k | €35k | €24k | €20k | €34k |
| Financial charges | 65 | €9k | €12k | €27k | €14k | €24k |
| Result before taxes | 9903 | €-264k | €-105k | €9k | €-32k | €-423k |
| Income taxes | 67/77 | €153 | - | - | - | - |
| Net result for the period | 9904 | €-264k | €-105k | €9k | €-32k | €-423k |
| Result to be appropriated | 9905 | €-264k | €-105k | €9k | €-32k | €-423k |
Legal Structure
| NACE primary | Retail sale of footwear(47721) |
| Legal form | Private limited company(610) |
| Incorporation | 24-11-2008 |
| Status | Active |
| Postal code | 9111 |
Establishment units
TIM TAM bvba
since 20092.175.134.037
Tamaris-shop
since 20092.176.973.968
Tamaris
since 20142.229.224.009
Westland Shopping
since 20222.332.536.828
Real-estate footprint
Flanders
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 21001A0392/00V000 | Brussels | 7,228 m² | 1 · 1,611 m² | 20.4 m · 6 fl. |
| 46002C0270/00H000 | Flanders | 6,442 m² | 1 · 1,290 m² | - |
| 38402D0013/00B000 | Flanders | 227 m² | 1 · 244 m² | 22.9 m · 6 fl. |
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of footwear47721Retail trade47722
Names & trade names
| Legal nameNL | TIM TAM |
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