Timber Projects
ActiveTimber Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €261k and a net result of €19k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-6
Solvency75▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 6.49 against 4.73 in 2024; short-term debt: 6.4% and cash: 31.8% of total assets), and 49.7% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.3%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
53 d early
2024
21 d late
2023
24 d late
2022
4 d late
2021
31 d late
2020
17 d early
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€261k▲ 7.7%
2024 · €242k
2018: €24k
2019: €68k
2020: €103k
2021: €110k
2022: €160k
2023: €200k
2024: €242k
2018 → 2025
Total assets
€518k▼ 2.0%
2024 · €529k
2018: €229k
2019: €650k
2020: €747k
2021: €659k
2022: €606k
2023: €558k
2024: €529k
2018 → 2025
Net result
€19k▼ 55.7%
2024 · €42k
2018: €25k
2019: €43k
2020: €36k
2021: €6k
2022: €50k
2023: €40k
2024: €42k
2018 → 2025
Working capital
€182k▲ 7.4%
2024 · €170k
2018: €31k
2019: €4k
2020: €54k
2021: €118k
2022: €87k
2023: €131k
2024: €170k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€160k▲ 45.6%€200k▲ 25.3%€242k▲ 21.0%€261k▲ 7.7%
Operating result€40k-€80k▲ 102%€63k▼ 21.6%€64k▲ 1.0%€36k▼ 44.1%
Net result€6k-€50k▲ 705%€40k▼ 19.3%€42k▲ 4.1%€19k▼ 55.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518k
Fixed assets
€303k▼ 3.5%
Current assets
€215k▲ 0.1%
Equity and liabilities €518k
Equity
€261k▲ 7.7%
Debt
€258k▼ 10.3%
The debt ratio falls from 54.3% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▼
2024 · €85k
Cash flow
€40k▼
2024 · €64k
Solvency
50.3%▲
2024 · 45.7%
Current ratio
6.49▲
2024 · 4.73
Quick ratio
6.49▲
2024 · 4.73
Debt / equity
0.99▼
2024 · 1.19
ROE
7.1%▼
2024 · 17.4%
ROA
3.6%▼
2024 · 7.9%
Interest coverage
6.21▼
2024 · 9.98
Debt
€258k▼
2024 · €287k
Debt ≤ 1 year
€33k▼
2024 · €46k
Debt > 1 year
€224k▼
2024 · €240k
Income taxes
€8k▼
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€529k€518k▼
Fixed assets21/28€314k€303k▼
Tangible fixed assets22/27€314k€303k▼
Land and buildings22€310k€293k▼
Plant, machinery and equipment23€2k€392▼
Furniture and vehicles24€2k-
Assets under construction and advance payments27-€10k
Current assets29/58€215k€215k▲
Amounts receivable after more than one year29€110k-
Other amounts receivable291€110k-
Amounts receivable within one year40/41€74k€39k▼
Trade receivables40€59k€24k▼
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€20k€165k▲
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€529k€518k▼
Equity10/15€242k€261k▲
Contributions10/11€6k€6k=
Reserves13€236k€254k▲
Distributable reserves133€236k€254k▲
Amounts payable17/49€287k€258k▼
Amounts payable after more than one year17€240k€224k▼
Financial debts170/4€240k€224k▼
Amounts payable within one year42/48€46k€33k▼
Current portion of amounts payable after more than one year42€25k€24k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€10k€5k▼
Taxes450/3€10k€5k▼
Other amounts payable47/48€8k€3k▼
Accrued charges and deferred income492/3€2k€492▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€88k€60k▼
Operating profit (loss)9901€64k€36k▼
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€59k€26k▼
Income taxes67/77€17k€8k▼
Profit (loss) for the period9904€42k€19k▼
Profit (loss) for the period to be appropriated9905€42k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€19k▼
Transfer to equity691/2€42k€19k▼
To other reserves6921€42k€19k▼
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.73
Current ratio from 2.29 to 4.73; short-term debt falls from €101k to €46k.
31-12
Financial
Equity above €200kEq €242k ▲21%
7 profitable years in a row build equity to €242k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 24 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Highest result since 2018net €50k ▲705%
Operating result €80k, net result €50k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲45.6%
5 profitable years in a row build equity to €160k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €6k ▼82.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €103k ▲52.8%
3 profitable years in a row build equity to €103k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mechelen · 1 establishment unit since 2016
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.
Motstraat 602800 MechelenGround area
541 m²
Parcel 12403D0225/00T002, Flanders. Linked by address, not a title deed.
1 establishment unit
Timber Projects
since 20162.255.127.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0225/00T002 | Flanders | 540 m² | - | - |
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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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 7,082 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2016
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
46831Wholesale of construction materials, general range
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.timberprojects.be