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Tim Technics

Active
Private limited companyfounded 2024active for 2 yearsOudestraat 48, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 1009.456.036
Summary

Tim Technics has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,584 and a net result of €33,084. Its solvency ranks better than 78% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00465936.

Turnover
≈ €250,000
Estimated: probably between €170,000 and €330,000
Total assets
€48,895
Net result
€33,084
Working capital
€32,253

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €48,895
Fixed assets €3,330
Current assets €45,564
Equity and liabilities €48,895
Equity €35,584
Debt €13,311
Debt finances 27.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€46,288
Cash flow
€33,593
Current ratio
3.42
Debt to equity
0.37
ROE
93.0%
ROA
67.7%
Interest coverage
over 100
Debt ≤ 1 year
€13,311
Income taxes
€12,949

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€48,895
Fixed assets21/28€3,330
Tangible fixed assets22/27€3,330
Plant, machinery and equipment23€751
Furniture and vehicles24€2,579
Current assets29/58€45,564
Amounts receivable within one year40/41€24,219
Trade receivables40€17,308
Other amounts receivable41€6,911
Cash at bank and in hand54/58€21,346
Equity and liabilities
Total equity and liabilities10/49€48,895
Equity10/15€35,584
Contributions10/11€2,500
Reserves13€33,084
Distributable reserves133€33,084
Amounts payable17/49€13,311
Amounts payable within one year42/48€13,311
Current portion of amounts payable after more than one year42€12,500
Trade debts44€362
Suppliers440/4€362
Taxes, remuneration and social security45€449
Taxes450/3€449
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€509
Other operating charges640/8€827
Gross operating margin9900€47,115
Operating profit (loss)9901€45,779
Financial income75/76B€463
Recurring financial income75€463
Financial charges65/66B€210
Recurring financial charges65€210
Profit (loss) for the period before taxes9903€46,033
Income taxes67/77€12,949
Profit (loss) for the period9904€33,084
Profit (loss) for the period to be appropriated9905€33,084
Appropriation of the result
Profit (loss) to be appropriated9906€33,084
Transfer to equity691/2€33,084
To other reserves6921€33,084

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€509
Other operating charges640/8€827
Gross operating margin9900€47,115
Operating profit (loss)9901€45,779
Financial income75/76B€463
Recurring financial income75€463
Financial charges65/66B€210
Recurring financial charges65€210
Profit (loss) for the period before taxes9903€46,033
Income taxes67/77€12,949
Profit (loss) for the period9904€33,084
Profit (loss) for the period to be appropriated9905€33,084
Line2025
Assets
Total assets20/58€48,895
Fixed assets21/28€3,330
Tangible fixed assets22/27€3,330
Plant, machinery and equipment23€751
Furniture and vehicles24€2,579
Current assets29/58€45,564
Amounts receivable within one year40/41€24,219
Trade receivables40€17,308
Other amounts receivable41€6,911
Cash at bank and in hand54/58€21,346
Equity and liabilities
Total equity and liabilities10/49€48,895
Equity10/15€35,584
Contributions10/11€2,500
Reserves13€33,084
Distributable reserves133€33,084
Amounts payable17/49€13,311
Amounts payable within one year42/48€13,311
Current portion of amounts payable after more than one year42€12,500
Trade debts44€362
Suppliers440/4€362
Taxes, remuneration and social security45€449
Taxes450/3€449
Line2025
Profit (loss) for the period9904€33,084
+ Depreciation and write-downs630€509
Operating cash flow (approximation)€33,593

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00465936

Similar companies · same sector, comparable size

Of the 7,013 active companies whose main activity is plumbing work (NACE 43221), figures are known for 3,571. 2,922 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.