Timarco
ActiveTimarco has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33k and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 84% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 1.78 in 2023; short-term debt: 22.3% and cash: 51.7% of total assets), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €33k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
23 d late
2022
34 d early
2021
24 d late
2020
31 d late
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€33k▲ 89.5%
2023 · €18k
2018: €6k
2019: €13k
2020: €16k
2021: €2k
2022: €4k
2023: €18k
2018 → 2024
Total assets
€43k▲ 42.6%
2023 · €30k
2018: €34k
2019: €37k
2020: €44k
2021: €22k
2022: €19k
2023: €30k
2018 → 2024
Net result
€19k▲ 44.1%
2023 · €13k
2018: €10k
2019: €6k
2020: €6k
2021: €-14k
2022: €2k
2023: €13k
2018 → 2024
Working capital
€31k▲ 219%
2023 · €10k
2018: €2k
2019: €6k
2020: €10k
2021: €-4k
2022: €4k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€2k▼ 87.9%€4k▲ 123%€18k▲ 311%€33k▲ 89.5%
Operating result€8k-€-13k€3k€16k▲ 464%€27k▲ 65.7%
Net result€6k-€-14k€2k€13k▲ 463%€19k▲ 44.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€2k▼ 72.3%
Current assets
€41k▲ 83.1%
Equity and liabilities €43k
Equity
€33k▲ 89.5%
Debt
€10k▼ 23.5%
The debt ratio falls from 41.5% to 22.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €17k
Cash flow
€20k▲
2023 · €14k
Solvency
77.7%▲
2023 · 58.5%
Current ratio
4.27▲
2023 · 1.78
Quick ratio
4.27▲
2023 · 1.78
Debt / equity
0.29▼
2023 · 0.71
ROE
57.5%▼
2023 · 75.7%
ROA
44.7%▲
2023 · 44.3%
Interest coverage
141.77▼
2023 · 176.07
Debt
€10k▼
2023 · €13k
Debt ≤ 1 year
€10k▼
2023 · €13k
Income taxes
€7k▲
2023 · €3k
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€30k€43k▲
Fixed assets21/28€8k€2k▼
Tangible fixed assets22/27€8k€2k▼
Plant, machinery and equipment23€437€128▼
Furniture and vehicles24€2k€2k▲
Other tangible fixed assets26€6k-
Current assets29/58€22k€41k▲
Amounts receivable within one year40/41€14k€19k▲
Trade receivables40€13k€17k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€8k€22k▲
Deferred charges and accrued income490/1€451-
Equity and liabilities
Total equity and liabilities10/49€30k€43k▲
Equity10/15€18k€33k▲
Contributions10/11€19k€19k▼
Reserves13-€15k
Distributable reserves133-€15k
Profit (loss) carried forward14€-1k€0▲
Amounts payable17/49€13k€10k▼
Amounts payable within one year42/48€13k€10k▼
Trade debts44€3k€919▼
Suppliers440/4€3k€919▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Other amounts payable47/48-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€724€1k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€19k€29k▲
Operating profit (loss)9901€16k€27k▲
Financial income75/76B€374-
Recurring financial income75€374-
Financial charges65/66B€96€196▲
Recurring financial charges65€96€196▲
Profit (loss) for the period before taxes9903€16k€27k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€13k€19k▲
Profit (loss) for the period to be appropriated9905€13k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€18k▲
Profit (loss) brought forward from the previous period14P€-14k€-1k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €19k ▲44.1%
Operating result €27k, net result €19k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.27
Current ratio from 1.78 to 4.27; short-term debt falls from €13k to €10k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet €-14k ▼327%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Pelt · 1 establishment unit since 1993
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.
Over 't Waterstraat 203900 PeltGround area
1,505 m²
Building footprint
133 m²
Volume, LiDAR
675 m³
Parcel 72502E0102/00A072, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Over 't Waterstraat 20, 3900 Pelt
since 19932.063.252.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00A072 | Flanders | 1,505 m² | 1 · 133 m² | 9.7 m · 1 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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BELCOLOR & CONSTRUCT
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BEOS
BE 0865.952.355
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S.D. PISCINES
BE 0775.264.283
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-1993
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
47522Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.