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TIMAJO

Active
Private limited companyfounded 198739 years 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 (NACE 56, fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Cafés and bars
NACE 56301
#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 probability, 12 months
1.7%
Structure
Board
1 member
Accounts filed 37 days 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%
Financially better than 59% of its sector peers (NACE 56, micro)
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% (23,697 companies)
Last 24 months 11-2024: 0.9%lowest value 12-2024: 0.9%● unchanged vs 11-2024lowest value 01-2025: 0.9%● unchanged vs 12-2024lowest value 02-2025: 0.9%● unchanged vs 01-2025lowest value 03-2025: 0.9%● unchanged vs 02-2025lowest value 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%▼ -0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025 09-2025: 0.9%▼ -0.6 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 0.9%▼ -0.1 percentage points vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.6%▲ +0.6 percentage points vs 07-2026 09-2026: 1.8%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 1.7%▼ -0.1 percentage points vs 09-2026
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 follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 80% on solvency, 99% on liquidity, 21% on profitability and 35% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
raises risk · Liquidity: current ratio 0.15
NBB · annual accounts
raises risk · Latest accounts 37 days late; 1 of the last 3 late
NBB · filings
lowers risk · Founded in 1987
How long the company has existed counts in the probability; how much depends on the rest of its 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 days late
2024
27 days late
2023
29 days late
2022
24 days late
2021
23 days late
2020
31 days early
2019
7 days 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
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
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. 31-12-2024Weakest financial year
  2. 29-08-2024Annual accounts filed
  3. 31-12-2023Equity above €200,000
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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