TIMANI
Open bankruptcyA bankruptcy procedure is open for TIMANI according to publications in the Belgian State Gazette; curator: ELKE GOOSSENS.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€1.4m) and a net result of -€1.6m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Mechelen division
- Declared bankrupt
- 20 January 2025
- Supervising judge
- Patrick Vervaet
- Official Gazette
- 28-01-2025 (pdf) ↗search the document for 2025/103477
Deadlines
- Provisional date payments stopped
- 20 January 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 12 February 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 February 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 March 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 January 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Elke GoossensLeopoldstraat 64, 2800 Mechelene.goossens@deridder-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-07-2024, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
9 d early
2022
48 d early
2021
60 d early
2020
38 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€1.4m
2022 · €277,813
Total assets
€279,769▼ 89.5%
2022 · €2.7m
Net result
-€1.6m▼ 2,847%
2022 · -€55,899
Working capital
-€1.4m
2022 · €700,284
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€48,132€47,974€110,817▲ 131%-€45,720-€1.6m▼ 3,481%
Net result-€100,682€5,821within the sector's middle half€71,406within the sector's middle half▲ 1,127%-€55,899below the sector's middle half-€1.6mbelow the sector's middle half▼ 2,847%
Equity€256,486▼ 28.2%€262,306within the sector's middle half▲ 2.3%€333,712within the sector's middle half▲ 27.2%€277,813within the sector's middle half▼ 16.8%-€1.4mbelow the sector's middle half
Total assets€4.3m▼ 3.6%€4.2mabove the sector's middle half▼ 2.6%€3.0mabove the sector's middle half▼ 28.4%€2.7mwithin the sector's middle half▼ 11.0%€279,769below the sector's middle half▼ 89.5%
Debt€4.0m▼ 1.4%€3.9m▼ 2.9%€2.7m▼ 32.1%€2.4m▼ 10.2%€1.6m▼ 31.1%
Working capital€186,398▼ 50.3%€163,107▼ 12.5%€742,377▲ 355%€700,284▼ 5.7%-€1.4m
Solvency6.0%▼ 2.0pp6.3%below the sector's middle half▲ 0.3pp11.1%below the sector's middle half▲ 4.9pp10.4%below the sector's middle half▼ 0.7pp-489.5%below the sector's middle half▼ 499.9pp
Staff (FTE)7.7▲ 6.9%7.8within the sector's middle half▲ 1.3%8within the sector's middle half▲ 2.6%8.7above the sector's middle half▲ 8.8%8above the sector's middle half▼ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.6m in 2023 against €45,720 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €279,769
Fixed assets
€22,263 ▼ 64.4%
Current assets
€257,506 ▼ 90.1%
Key figures and ratios
EBITDA
-€1.6m▼
2022 · -€16,915
Cash flow
-€1.6m▼
2022 · -€27,093
Current ratio
0.16▼
2022 · 1.37
Quick ratio
0.11▼
2022 · 0.50
Debt to equity
-1.20▼
2022 · 8.61
ROA
-588.8%▼
2022 · -2.1%
Interest coverage
-116.73▼
2022 · -1.70
Debt ≤ 1 year
€1.6m▼
2022 · €1.9m
Debt > 1 year
€0▼
2022 · €485,000
Income taxes
€296▲
2022 · €258
Staff costs
€445,002▲
2022 · €368,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,491 | €5,834 | €47,273 | ▲ 710% |
| Remuneration, social security and pensions62 | - | - | €158,529 | €368,287 | €445,002 | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,617 | €34,778 | €33,601 | €28,805 | €16,488 | ▼ 42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €23,000 | €32,602 | €42,518 | ▲ 30.4% |
| Other operating charges640/8 | - | - | €11,194 | €13,074 | €46,042 | ▲ 252% |
| Non-recurring operating charges66A | - | - | €0 | - | €1.3m | - |
| Gross operating margin9900 | €461,040 | €289,278 | €337,140 | €397,048 | €199,736 | ▼ 49.7% |
| Operating profit (loss)9901 | -€48,132 | €47,974 | €110,817 | -€45,720 | -€1.6m | ▼ 3,481% |
| Financial income75/76B | - | - | €3 | €0 | €4,406 | ▲ 1,421,032% |
| Recurring financial income75 | €288 | €0 | €3 | €0 | €4,406 | ▲ 1,421,032% |
| Financial charges65/66B | - | - | €37,293 | €9,921 | €13,886 | ▲ 40.0% |
| Recurring financial charges65 | €52,420 | €41,895 | €37,293 | €9,921 | €13,886 | ▲ 40.0% |
| Profit (loss) for the period before taxes9903 | -€100,264 | €6,079 | €73,527 | -€55,641 | -€1.6m | ▼ 2,860% |
| Income taxes67/77 | €418 | €258 | €2,121 | €258 | €296 | ▲ 15.0% |
| Profit (loss) for the period9904 | -€100,682 | €5,821 | €71,406 | -€55,899 | -€1.6m | ▼ 2,847% |
| Transfer from tax-exempt reserves789 | - | - | €11,643 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€100,682 | €5,821 | €83,049 | -€55,899 | -€1.6m | ▼ 2,847% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.2m | €3.0m | €2.7m | €279,769 | ▼ 89.5% |
| Fixed assets21/28 | €80,898 | €99,199 | €91,335 | €62,530 | €22,263 | ▼ 64.4% |
| Tangible fixed assets22/27 | €79,238 | €97,539 | €89,675 | €60,870 | €20,604 | ▼ 66.2% |
| Plant, machinery and equipment23 | - | - | €15,413 | €9,704 | €3,171 | ▼ 67.3% |
| Furniture and vehicles24 | - | - | €49,519 | €29,327 | €17,432 | ▼ 40.6% |
| Other tangible fixed assets26 | - | - | €24,743 | €21,839 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,660 | €1,660 | €1,660 | €1,660 | €1,660 | = |
| Current assets29/58 | €4.2m | €4.1m | €2.9m | €2.6m | €257,506 | ▼ 90.1% |
| Stocks and contracts in progress3 | €2.5m | €2.4m | €1.7m | €1.7m | €84,445 | ▼ 94.9% |
| Stocks30/36 | - | - | €1.7m | €1.7m | €84,445 | ▼ 94.9% |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €800,780 | €448,135 | €139,819 | ▼ 68.8% |
| Trade receivables40 | - | - | €793,217 | €429,472 | €138,926 | ▼ 67.7% |
| Other amounts receivable41 | - | - | €7,563 | €18,663 | €893 | ▼ 95.2% |
| Cash at bank and in hand54/58 | €686,435 | €581,972 | €377,214 | €492,994 | €29,519 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | €4,141 | €6,329 | €3,722 | ▼ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.2m | €3.0m | €2.7m | €279,769 | ▼ 89.5% |
| Equity10/15 | €256,486 | €262,306 | €333,712 | €277,813 | -€1.4m | ▼ 593% |
| Contributions10/11 | €95,100 | €95,100 | €95,108 | €95,108 | €95,108 | = |
| Capital10 | - | - | €95,100 | €95,100 | €95,100 | = |
| Issued capital100 | - | - | €95,100 | €95,100 | €95,100 | = |
| Outside capital11 | - | - | €8 | €8 | €8 | = |
| Share premium1100/10 | - | - | €8 | €8 | €8 | = |
| Reserves13 | €161,378 | €167,199 | €238,604 | €182,706 | €9,510 | ▼ 94.8% |
| Non-distributable reserves130/1 | - | - | €9,510 | €9,510 | €9,510 | = |
| Legal reserve130 | - | - | €9,510 | €9,510 | €9,510 | = |
| Tax-exempt reserves132 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €229,094 | €173,196 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | -€1.5m | - |
| Amounts payable17/49 | €4.0m | €3.9m | €2.7m | €2.4m | €1.6m | ▼ 31.1% |
| Amounts payable after more than one year17 | €10,810 | €0 | €500,000 | €485,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €500,000 | €485,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €4.0m | €3.9m | €2.2m | €1.9m | €1.6m | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4,555 | €0 | - | - |
| Financial debts43 | - | - | €50,404 | €72,610 | €27,799 | ▼ 61.7% |
| Credit institutions430/8 | - | - | €50,404 | €72,610 | €27,799 | ▼ 61.7% |
| Trade debts44 | €3.0m | €3.0m | €2.0m | €1.6m | €1.2m | ▼ 25.3% |
| Suppliers440/4 | - | - | €2.0m | €1.6m | €1.2m | ▼ 25.3% |
| Taxes, remuneration and social security45 | - | - | €44,789 | €75,568 | €71,157 | ▼ 5.8% |
| Taxes450/3 | - | - | €10,285 | €9,431 | €2,376 | ▼ 74.8% |
| Remuneration and social security454/9 | - | - | €34,504 | €66,138 | €68,782 | ▲ 4.0% |
| Other amounts payable47/48 | - | - | €111,783 | €146,841 | €307,512 | ▲ 109% |
| Accrued charges and deferred income492/3 | - | - | - | - | €37,862 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,682 | €5,821 | €71,406 | -€55,899 | -€1.6m | ▼ 2,847% |
| + Depreciation and write-downs630 | €57,617 | €34,778 | €33,601 | €28,805 | €16,488 | ▼ 42.8% |
| Operating cash flow (approximation) | -€43,065 | €40,599 | €105,006 | -€27,093 | -€1.6m | ▼ 5,919% |
| Investment in fixed assets (approximation) | - | -€53,080 | -€25,737 | -€0 | €23,778 | ▲ 237,781,300% |
| Change in cash | - | -€104,463 | -€204,759 | €115,781 | -€463,475 | ▼ 500% |
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
2025
28-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 20-01-2025
2024
27-09
KBO administration
Address strikeout annulled
02-09
KBO administration
Address struck
event 01-06-2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €71,406 ▲1,127%
Operating result €110,817, net result €71,406, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €5,821
Net result €5,821 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
01-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
9 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, Sint-Katelijne-Waver · 1 establishment unit since 1990
Ground area
633 m²
Building footprint
156 m²
Volume, LiDAR
570 m³
Parcel 12035A0502/02Z000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TIMANI
since 19902.046.631.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035A0502/02Z000 | Flanders | 633 m² | 1 · 156 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE GOOSSENS LEOPOLDSTRAAT 64,
2800 MECHELEN |
20-01-2025 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- YANSY
- TIMANI
Highest known parent: YANSY. The sources do not say who stands above it.
Owners 1
- YANSYparent99.37%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46360Wholesale trade
46350Wholesale trade
46492Wholesale trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.