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TIMBA

Active
Private limited companyfounded 2009active for 17 yearsWillem de Dekenstraat 27, 8000 Brugge, BelgiumKBO/BCE: BE 0809.097.784
Summary

TIMBA has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572,757 and a net result of €78,193. Equity is growing by about 35% per year across the filed financial years. Its solvency ranks better than 47% of 4,746 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

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TIMBAActiveChecked score 66/100
Risk analysis ReportCompare

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
TIMBA
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)

deed of 13-10-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)
“Algemene kosten, representatie-,reis- en verplaatsingskosten” (deed in Dutch)

deed of 13-10-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Procedure- en expertisekosten helft overdrager helft koper(s),naar evenredigheid aantal bij meerdere kopers, erfgenamen en legatarissen die…” (deed in Dutch)
Share issue ruleHow and by whom new shares can be issued.
“Inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur, per e-mail,of per gewone post indien geen e-mailadres,dezelfde dag als…” (deed in Dutch)

deed of 13-10-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Monday of June at 18:00

deed of 13-10-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissing algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bij ontbinding om welke reden en op welk ogenblik ook, algemene vergadering” (deed in Dutch)

deed of 13-10-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Gedelegeerd bestuurder, dagelijks bestuur” (deed in Dutch)
Other provision: “Één of meerdere commissarissen, controle van de vennootschap” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, binnen wettelijke grenzen” (deed in Dutch)
Other provision: “Buitengewone algemene vergadering-statutenwijziging, drie/vierde uitgebrachte stemmen” (deed in Dutch)
Other provision: “Vennootschapsvordering-minderheidsvordering, algemene vergadering beslist over instellen vordering tegen leden bestuursorgaan of commissaris” (deed in Dutch)
Other provision: “Uitkeringen aan aandeelhouders en tantièmes, terugvordering strijdige uitkering met artikelen 5:142 en 5:143 WVV ongeacht goede of kwade…” (deed in Dutch)
Other provision: “Slechts mits naleving art. 5:145 e.v. WVV, verkrijging eigen aandelen of certificaten” (deed in Dutch)
Other provision: “Slechts mits naleving art. 5:152 e.v. WVV, middelen voorschieten,leningen toestaan of zekerheden stellen” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen en na herstel evenwicht niet-volgestorte aandelen, goederen nog in…” (deed in Dutch)
Other provision: “Mededelingen,aanmaningen,dagvaardingen,betekeningen, woonstkeuze” (deed in Dutch)
Other provision: “Rechtbank in wiens rechtsgebied zetel is gevestigd, betwisting omtrent zaken vennootschap en uitvoering statuten” (deed in Dutch)
Other provision: “Clausules strijdig met dwingende bepalingen WVV geacht niet geschreven, gemeen recht” (deed in Dutch)
3 more provisions in the deed, see the deed of 13-10-2023

deed of 13-10-2023

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