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TIMAJO

Active
Private limited companyfounded 198739 yrs activeRoute de Mons 116, 7390 Quaregnon, BelgiumKBO/BCE: BE 0431.424.227
Summary

The computed 12-month bankruptcy probability of TIMAJO is 1.7% (moderate). The 2025 annual accounts show equity of €252,871 and a net result of -€25,448. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 922 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
TIMAJOActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301NACE 55401
#10 oldest company in Quaregnon1 site
Size
€386,751total assets 2025
Equity
€252,871
Loss
-€25,448
Financial health
56 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Board
1 member
Accounts filed 37 d late1 of 2 deeds read
Why 56- Sector Food and beverage service activities (NACE 56)- Liquidity: current ratio 0.15- Latest accounts 37 days late; 1 of the last 3 late+ Founded in 1987Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 59% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 90-1
equity 65.4% of total assets
Liquidity 100=
short-term debt 6.7%
Profitability 11+1
return on assets -6.6%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,692 companies)
Last 24 months 11-2024: 0.9%lowest value 12-2024: 0.9%● 0.0% vs 11-2024lowest value 01-2025: 0.9%● 0.0% vs 12-2024lowest value 02-2025: 0.9%● 0.0% vs 01-2025lowest value 03-2025: 0.9%● 0.0% vs 02-2025lowest value 04-2025: 1.0%▲ +5.5% vs 03-2025 05-2025: 0.9%▼ -1.5% vs 04-2025 06-2025: 0.9%▼ -1.6% vs 05-2025 07-2025: 1.1%▲ +15.4% vs 06-2025 08-2025: 1.5%▲ +45.2% vs 07-2025 09-2025: 0.9%▼ -39.7% vs 08-2025 10-2025: 0.9%● 0.0% vs 09-2025 11-2025: 0.9%● 0.0% vs 10-2025 12-2025: 0.9%● 0.0% vs 11-2025 01-2026: 0.9%● 0.0% vs 12-2025 02-2026: 0.9%● 0.0% vs 01-2026 03-2026: 0.9%● 0.0% vs 02-2026 04-2026: 1.0%▲ +5.6% vs 03-2026 05-2026: 1.0%▼ -1.5% vs 04-2026 06-2026: 0.9%▼ -2.9% vs 05-2026 07-2026: 1.0%▲ +4.9% vs 06-2026 08-2026: 1.6%▲ +63.5% vs 07-2026 09-2026: 1.8%▲ +13.2% vs 08-2026highest value 10-2026: 1.7%▼ -8.9% vs 09-2026
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Liquidity: current ratio 0.15 raises the probability
  • Latest accounts 37 days late; 1 of the last 3 late raises the probability
  • Founded in 1987 lowers the probability for this profile
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.26 in 2024; short-term debt: 6.7% of total assets), and 34.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 80%, liquidity 99%, profitability 21%, growth against the median 35%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Liquidity: current ratio 0.15
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 37 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€25,448
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-09-2026, 37 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 · 10 filings
Deviation from the deadline
2025
37 d late
2024
27 d late
2023
29 d late
2022
24 d late
2021
23 d late
2020
31 d early
2019
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignations: Thierry MOULIN (director) and Olga…Appointment: AL-TA GROUP (director) ·…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€25,448 View
  • Caution: Board changedlatest change 26-01-2026 · 1 in office 1 joined · 2 left View
  • Caution: Among the weakest 20% on net resultsector median €10,134 · 922 companies -€25,448 View

By topic

Financials

Fiscal year
2025
Total assets
€386,751
Loss
-€25,448
Solvency
65.4%
Total assets▼ 4.5%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 06-09-2026Annual accounts filed
  2. 29-01-2026Resignations: Thierry MOULIN (director) and Olga VERINSKAYA…
  3. 27-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
01-07-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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