TIMAS EUROPE
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of TIMAS EUROPE is 3.9% (moderate). The 2025 annual accounts show negative equity (-€209,342) and a net result of -€158,614. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 22,726 sector peers (NACE 47, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 15-07-2022 Normal situation
- Activity
- Retail trade NACE 47610and 5 others
- Establishment unit
- 2.333.497.227 3740 Bilzen-Hoeselt, since 15-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Board and ownership
- ZENGIN VahitDirector · since 15-07-2022
- NV Timas Basim Ticaret ve Sanayi60%annual accounts 2023
- Abdurrahman Cüneyit Tekin20%annual accounts 2023
- Vahit Zengin20%annual accounts 2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.9%
- Gross margin
- -€40,082
- ▼ 92.9%
- Loss
- €158,614
- ▲ 90.2%
- Equity
- -€209,342
- ▼ 313%
- Total assets
- €212,244
- ▲ 104%
- Staff
- 1.6 FTE
- ▲ 33.3%
Score breakdownraises riskLoss of €158,614, the second in a row (financial year 2025)1 change of registered office in 24 monthsNegative equity -€209,342lowers riskFigures for financial year 2025 (filed on 24-07-2026)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 6% of them on solvency, 12% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 4 accounts on average 13 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€209,342 View
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€158,614 View
- Caution: Equity fell in 2025from -€50,727 to -€209,342 ▼ 313% View
- Caution: Lower net result than 95% of companies in retail tradesector median €5,089 · 22,707 companies -€158,614 View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
Comparable companies
These companies have the same main activity as TIMAS EUROPE: retail trade (NACE 47610). They are comparable in size and age: total assets between €37,100 and €214,000, founded between 2021 and 2024.
| Company | Total assets | Gross margin |
|---|---|---|
| TIMAS EUROPE Bilzen-Hoeselt | €212,244 | -€40,082 |
| Rokko Gent | €154,286 | -€7,834 |
| MYSTAM Charleroi | €214,452 | -€24,169 |
| Decoulipard&Ville Antwerpen | €114,569 | €1,933 |
| W.BD COLLECTIONS Sombreffe | €87,571 | -€3,645 |
| LA TORTUE QUI LIT Liège | €51,555 | -€11,833 |
| MOLSEV Anderlecht | €37,094 | -€13,063 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 24-07-2026
- Annual accounts 2024filed on 09-07-2025
- Annual accounts 2023filed on 16-07-2024
- Annual accounts 2022filed on 24-07-2023
Acts in the Belgian Official Gazette
- Registered officeact of 23-01-2025
- Incorporationact of 19-07-2022
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about TIMAS EUROPE
- What is the company number of TIMAS EUROPE?
- The company number of TIMAS EUROPE is 0788.662.359. The VAT number is the same number with BE in front: BE 0788.662.359.
- Where is TIMAS EUROPE based?
- The registered office is at Bremakker 20, 3740 Bilzen-Hoeselt.Company details
- What does TIMAS EUROPE do?
- According to the KBO register, the main activity is retail trade (NACE 47610).
- What is the legal form of TIMAS EUROPE?
- The legal form of TIMAS EUROPE is Private limited company (BV).
- When was TIMAS EUROPE founded?
- TIMAS EUROPE was founded on 15-07-2022.
- Is TIMAS EUROPE still active?
- Yes, TIMAS EUROPE is an active enterprise in the KBO register.
- How many employees does TIMAS EUROPE have?
- TIMAS EUROPE had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TIMAS EUROPE?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is TIMAS EUROPE profitable?
- In financial year 2025, TIMAS EUROPE made a loss of €158,614.
- Where can I find the annual accounts of TIMAS EUROPE?
- TIMAS EUROPE filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of TIMAS EUROPE due?
- TIMAS EUROPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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