TIMBER
ActiveSummary
TIMBER has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €85,973. Equity is growing by about 6.8% per year across the filed financial years. Its solvency ranks better than 95% of 9,748 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, abbreviated format
In the rankings
#8 company by equity in Malle, Wholesale and retail trade sector
Equity
€5.2m▲ 640%
2024 · €707,153
Total assets
€5.3m▲ 512%
2024 · €864,974
Net result
€85,973▲ 0.5%
2024 · €85,580
Working capital
€213,253▲ 55.7%
2024 · €136,964
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 11% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.04m
2025
Net result€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.3m
2025
Equity€5.2m
2025
Debt€0.07m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency98.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.43
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m-€0.02m▲ 72.8%€0.03m▲ 38.2%€0.05m▲ 76.9%€0.04m▼ 15.5%€0.04m▼ 3.4%€0.05m▲ 25.0%€0.04m▼ 11.5%
Net result€0.05m-€0.05m▲ 4.2%€0.06mabove the sector's middle half▲ 14.4%€0.07mabove the sector's middle half▲ 24.9%€0.07mwithin the sector's middle half▼ 6.9%€0.08mwithin the sector's middle half▲ 20.5%€0.09mwithin the sector's middle half▲ 8.6%€0.09mwithin the sector's middle half▲ 0.5%
Equity€0.5m-€0.5m▲ 8.0%€0.6mabove the sector's middle half▲ 8.7%€0.6mabove the sector's middle half▲ 4.5%€0.7mwithin the sector's middle half▲ 9.2%€0.7mwithin the sector's middle half▲ 7.4%€0.7mwithin the sector's middle half▼ 0.1%€5.2mabove the sector's middle half▲ 640%
Total assets€0.7m-€0.7m▼ 1.4%€0.7mabove the sector's middle half▲ 6.8%€0.8mabove the sector's middle half▲ 7.9%€0.8mwithin the sector's middle half▼ 0.1%€0.8mwithin the sector's middle half▲ 6.1%€0.9mwithin the sector's middle half▲ 8.3%€5.3mabove the sector's middle half▲ 512%
Debt€0.2m-€0.1m▼ 28.4%€0.1m▼ 1.3%€0.1m▲ 23.9%€0.09m▼ 37.5%€0.09m▼ 2.9%€0.2m▲ 74.1%€0.07m▼ 58.1%
Working capital-€0.05m--€0.02m▲ 57.1%-€0.04mbelow the sector's middle half▼ 68.9%€0.003mwithin the sector's middle half€0.08mwithin the sector's middle half▲ 2,879%€0.1mwithin the sector's middle half▲ 71.5%€0.1mwithin the sector's middle half▲ 3.6%€0.2mwithin the sector's middle half▲ 55.7%
Solvency74.3%-81.3%▲ 7.0pp82.7%above the sector's middle half▲ 1.4pp80.2%above the sector's middle half▼ 2.6pp87.6%above the sector's middle half▲ 7.4pp88.6%above the sector's middle half▲ 1.1pp81.8%above the sector's middle half▼ 6.9pp98.8%above the sector's middle half▲ 17.0pp
Current ratio0.64-0.81▲ 0.170.67below the sector's middle half▼ 0.141.02within the sector's middle half▲ 0.351.86within the sector's middle half▲ 0.842.53within the sector's middle half▲ 0.681.90within the sector's middle half▼ 0.644.43above the sector's middle half▲ 2.54
Return on assets (ROA)7.1%-7.5%▲ 0.4pp8.1%within the sector's middle half▲ 0.5pp9.3%within the sector's middle half▲ 1.3pp8.7%within the sector's middle half▼ 0.6pp9.9%within the sector's middle half▲ 1.2pp9.9%within the sector's middle half=1.6%within the sector's middle half▼ 8.3pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€5.0m ▲ 773%
Current assets
€275,369 ▼ 4.9%
Equity and liabilities €5.3m
Equity
€5.2m ▲ 640%
Debt
€66,059 ▼ 58.1%
Debt's share of the balance-sheet total falls from 18.2% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,195▼
2024 · €51,479
Cash flow
€89,774▼
2024 · €90,288
Debt to equity
0.01▼
2024 · 0.22
ROE
1.6%▼
2024 · 12.1%
Interest coverage
13.65▲
2024 · 9.86
Debt ≤ 1 year
€62,115▼
2024 · €152,564
Income taxes
€14,285▼
2024 · €17,962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €14,050 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,652 | €12,474 | €16,181 | €19,926 | €19,167 | €5,221 | €4,708 | €3,801 | ▼ 19.3% |
| Other operating charges640/8 | - | - | - | €2,558 | €3,007 | €3,385 | €3,421 | €1,713 | ▼ 49.9% |
| Gross operating margin9900 | €26,924 | €33,486 | €44,795 | €68,286 | €60,887 | €46,015 | €54,900 | €46,908 | ▼ 14.6% |
| Operating profit (loss)9901 | €10,844 | €18,733 | €25,896 | €45,802 | €38,713 | €37,409 | €46,771 | €41,394 | ▼ 11.5% |
| Financial income75/76B | - | - | - | €45,010 | €45,000 | €60,000 | €61,993 | €62,175 | ▲ 0.3% |
| Recurring financial income75 | €45,000 | €45,000 | €45,000 | €45,010 | €45,000 | €60,000 | €61,993 | €62,175 | ▲ 0.3% |
| Financial charges65/66B | - | - | - | €3,628 | €3,453 | €4,362 | €5,221 | €3,311 | ▼ 36.6% |
| Recurring financial charges65 | €3,177 | €3,209 | €3,481 | €3,628 | €3,453 | €4,362 | €5,221 | €3,311 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €52,667 | €60,523 | €67,415 | €87,184 | €80,260 | €93,047 | €103,542 | €100,258 | ▼ 3.2% |
| Income taxes67/77 | €5,462 | €11,351 | €11,177 | €16,926 | €14,859 | €14,238 | €17,962 | €14,285 | ▼ 20.5% |
| Profit (loss) for the period9904 | €47,204 | €49,173 | €56,238 | €70,258 | €65,402 | €78,809 | €85,580 | €85,973 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €47,204 | €49,173 | €56,238 | €70,258 | €65,402 | €78,809 | €85,580 | €85,973 | ▲ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | €5.3m | ▲ 512% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €5.0m | ▲ 773% |
| Tangible fixed assets22/27 | €0.05m | €0.04m | €0.1m | €0.08m | €0.07m | €0.06m | €0.06m | €0.05m | ▼ 2.9% |
| Land and buildings22 | - | - | - | €0.07m | €0.06m | €0.06m | €0.06m | €0.05m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.003m | €0.001m | - | €320 | - |
| Financial fixed assets28 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €5.0m | ▲ 855% |
| Current assets29/58 | €0.09m | €0.1m | €0.08m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 4.9% |
| Amounts receivable within one year40/41 | €0.008m | €0.009m | €0.01m | €0.009m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 23.1% |
| Trade receivables40 | - | - | - | €0.009m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 12.5% |
| Other amounts receivable41 | - | - | - | - | €0.002m | €0.002m | - | €0.001m | - |
| Current investments50/53 | - | - | - | - | - | - | €0.1m | €0.1m | ▲ 6.5% |
| Cash at bank and in hand54/58 | €0.08m | €0.09m | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 16.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €0.9m | €5.3m | ▲ 512% |
| Equity10/15 | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €5.2m | ▲ 640% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | - | €4.4m | - |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 13.1% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €221 | €221 | €221 | €221 | €221 | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 13.1% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | €0.2m | €0.07m | ▼ 58.1% |
| Amounts payable after more than one year17 | €0.02m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | €0.2m | €0.06m | ▼ 59.3% |
| Trade debts44 | €103 | €33 | - | €135 | €344 | €0.002m | €0.001m | €13 | ▼ 97.9% |
| Suppliers440/4 | - | - | - | €135 | €344 | €0.002m | €0.001m | €13 | ▼ 97.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.006m | €0.007m | €0.01m | €0.008m | ▼ 33.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.006m | €0.007m | €0.01m | €0.008m | ▼ 33.0% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.08m | €0.08m | €0.1m | €0.05m | ▼ 61.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.003m | €0.004m | €0.005m | €0.004m | ▼ 25.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.05m | €0.06m | €0.07m | €0.07m | €0.08m | €0.09m | €0.09m | ▲ 0.5% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.005m | €0.005m | €0.004m | ▼ 19.3% |
| Operating cash flow (approximation) | €0.06m | €0.06m | €0.07m | €0.09m | €0.08m | €0.08m | €0.09m | €0.09m | ▼ 0.6% |
| Investment in fixed assets (approximation) | - | €0 | -€0.08m | -€0.005m | €0 | €0 | €0 | -€4.5m | - |
| Change in cash | - | €0.003m | -€0.02m | €0.07m | €0.01m | €0.05m | -€0.05m | -€0.03m | ▲ 52.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00309501 |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00263648 |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00200221 |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00232529 |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20131513 |
| 31-12-2020 | micro format | 25-06-2021 | 2021-26000587 |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19900191 |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-16200183 |
| 31-12-2017 | abbreviated format | 13-06-2018 | 2018-18200319 |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-34000474 |
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Of the 1,110 active companies whose main activity is agents in the wholesale of timber and building materials (NACE 46130), figures are known for 648. 125 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.