Tim Walschaerts
ActiveThe computed 12-month bankruptcy probability of Tim Walschaerts is 2.3% (moderate). The 2024 annual accounts show equity of €124k and a net result of €21k. Equity is growing by ~142.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-14
Solvency100▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 6.67 against 2.21 in 2023; short-term debt: 13.8% of total assets), and 17% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
52 d late
2023
55 d late
2022
45 d late
2021
20 d late
2020
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€124k▲ 20.4%
2023 · €103k
2020: €3k
2021: €19k
2022: €36k
2023: €103k
2020 → 2024
Total assets
€149k▼ 21.1%
2023 · €189k
2020: €16k
2021: €46k
2022: €51k
2023: €189k
2020 → 2024
Net result
€21k▼ 68.6%
2023 · €67k
2020: €-1k
2021: €17k
2022: €17k
2023: €67k
2020 → 2024
Working capital
€117k▲ 25.0%
2023 · €94k
2020: €-807
2021: €16k
2022: €33k
2023: €94k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€19k▲ 518%€36k▲ 89.3%€103k▲ 186%€124k▲ 20.4%
Operating result€-1k-€21k€21k▲ 2.5%€82k▲ 286%€28k▼ 65.4%
Net result€-1k-€17k€17k▲ 1.5%€67k▲ 294%€21k▼ 68.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149k
Fixed assets
€12k▼ 35.1%
Current assets
€138k▼ 19.6%
Equity and liabilities €149k
Equity
€124k▲ 20.4%
Debt
€25k▼ 70.6%
The debt ratio falls from 45.6% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2023 · €88k
Cash flow
€27k▼
2023 · €73k
Solvency
83.0%▲
2023 · 54.4%
Current ratio
6.67▲
2023 · 2.21
Quick ratio
6.67▲
2023 · 2.21
Debt / equity
0.20▼
2023 · 0.84
ROE
17.0%▼
2023 · 65.0%
ROA
14.1%▼
2023 · 35.4%
Interest coverage
15.32▼
2023 · 90.99
Debt
€25k▼
2023 · €86k
Debt ≤ 1 year
€21k▼
2023 · €77k
Debt > 1 year
€5k▼
2023 · €9k
Income taxes
€8k▼
2023 · €17k
Staff costs
€351▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€189k€149k▼
Fixed assets21/28€18k€12k▼
Tangible fixed assets22/27€18k€12k▼
Plant, machinery and equipment23€805€460▼
Furniture and vehicles24€18k€11k▼
Current assets29/58€171k€138k▼
Amounts receivable after more than one year29€80k€107k▲
Other amounts receivable291€80k€107k▲
Amounts receivable within one year40/41€63k€26k▼
Trade receivables40€50k€12k▼
Other amounts receivable41€13k€15k▲
Cash at bank and in hand54/58€23k-
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€189k€149k▼
Equity10/15€103k€124k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€99k€120k▲
Amounts payable17/49€86k€25k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€77k€21k▼
Current portion of amounts payable after more than one year42€34k€11k▼
Trade debts44€39k€9k▼
Suppliers440/4€39k€9k▼
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€2k€351▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€92k€37k▼
Operating profit (loss)9901€82k€28k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€964€2k▲
Recurring financial charges65€964€2k▲
Profit (loss) for the period before taxes9903€85k€29k▼
Income taxes67/77€17k€8k▼
Profit (loss) for the period9904€67k€21k▼
Profit (loss) for the period to be appropriated9905€67k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€120k▲
Profit (loss) brought forward from the previous period14P€32k€99k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 6.67
Current ratio from 2.21 to 6.67; short-term debt falls from €77k to €21k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Highest result since 2020net €67k ▲294%
Operating result €82k, net result €67k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲186%
3 profitable years in a row build equity to €103k.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kontich · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ijzermaalberg 412550 KontichGround area
272 m²
Building footprint
101 m²
Volume, LiDAR
542 m³
Parcel 11602E0190/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tim Walschaerts
since 20202.309.746.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0190/00G000 | Flanders | 272 m² | 1 · 101 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,468. 3,042 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:tim.walschaerts@outlook.com