TIM-U
InactiveTIM-U was declared bankrupt on 31-01-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 20-02-2024, published in the Belgian State Gazette on 28-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-03-2020, 122 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
122 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 122 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Turnover
€445▼ 98.9%
2018 · €40,585
EBIT margin
-831.8%▼ 927.6pp
2018 · 95.8%
Net result
€1,329▼ 95.4%
2018 · €29,056
Working capital
€43,089▲ 3.2%
2018 · €41,760
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
Line20182019
Turnover€40,585-€445▼ 98.9%
Operating result€38,880--€3,701
Net result€29,056-€1,329▼ 95.4%
EBIT margin95.8%--831.8%▼ 927.6pp
Equity€41,760-€43,089▲ 3.2%
Total assets€55,281-€54,020▼ 2.3%
Debt€13,520-€10,930▼ 19.2%
Working capital€41,760-€43,089▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €3,701 after €38,880 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €54,020
Equity
€43,089 ▲ 3.2%
Debt
€10,930 ▼ 19.2%
Debt's share of the balance-sheet total falls from 24.5% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.94▲
2018 · 4.09
ROE
3.1%▼
2018 · 69.6%
ROA
2.5%▼
2018 · 52.6%
Debt ≤ 1 year
€10,930▼
2018 · €13,520
Income taxes
-€930▼
2018 · €11,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €40,585 | €445 | ▼ 98.9% |
| Gross operating margin9900 | €38,942 | -€3,639 | ▼ 109% |
| Operating profit (loss)9901 | €38,880 | -€3,701 | ▼ 110% |
| Recurring financial income75 | €2,160 | €4,326 | ▲ 100% |
| Recurring financial charges65 | €184 | €226 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €40,857 | €399 | ▼ 99.0% |
| Income taxes67/77 | €11,800 | -€930 | ▼ 108% |
| Profit (loss) for the period9904 | €29,056 | €1,329 | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €29,056 | €1,329 | ▼ 95.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,281 | €54,020 | ▼ 2.3% |
| Current assets29/58 | €55,281 | €54,020 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €55,281 | €53,986 | ▼ 2.3% |
| Cash at bank and in hand54/58 | - | €34 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,281 | €54,020 | ▼ 2.3% |
| Equity10/15 | €41,760 | €43,089 | ▲ 3.2% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €29,056 | €29,056 | = |
| Profit (loss) carried forward14 | -€5,896 | -€4,567 | ▲ 22.5% |
| Amounts payable17/49 | €13,520 | €10,930 | ▼ 19.2% |
| Amounts payable within one year42/48 | €13,520 | €10,930 | ▼ 19.2% |
| Trade debts44 | €61 | €61 | = |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €29,056 | €1,329 | ▼ 95.4% |
| Operating cash flow (approximation) | €29,056 | €1,329 | ▼ 95.4% |
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
2024
28-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 20-02-2024
2023
13-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 31-01-2023
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2012
30-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 91 days late
SignalNBB filing
0 of 6 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SENNE DRAULANS VEERLESEWEG 2 BUS 1, 2440 GEEL- |
31-01-2023 → 20-02-2024 |