TIMBERA
ActiveSummary
The computed 12-month bankruptcy probability of TIMBERA is 2.2% (moderate). The annual accounts of TIMBERA for financial year 2026 show a net loss of 98% of the equity at the start of that year. The 2026 annual accounts show equity of €172 and a net result of -€8,647. Equity has been shrinking by about 53% per year since 2022. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 7% of 309 sector peers (NACE 41, financial year 2026). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-01-2021 Normal situation
- Activity
- General construction of other non-residential buildings NACE 41003and 1 other
- Establishment unit
- 2.312.903.236 3980 Tessenderlo-Ham, since 28-01-2021
- Financial year end
- 31 March
- Peppol
- Reachable since 01-01-2026
Board and ownership
- Govaerts TomDirector · since 26-01-2021
- Janssens WimDirector · since 26-01-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.2%
- Gross margin
- -€1,506
- ▲ 44.5%
- Loss
- €8,647
- ▼ 18.6%
- Equity
- €172
- ▼ 98.0%
- Total assets
- €42,230
- ▲ 0.1%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2021Equity €172 (0.4% of total assets)lowers riskLiquidity: current ratio 0.62, cash €15,108Show the evidence
Checked score
About 2 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 41, micro). It does better than 12% of them on solvency, 43% on liquidity, 5% on profitability and 5% on growth.
The bankruptcy probability was computed on 03-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 30 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 29-09-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2026 is a loss of €8,592, smaller than the loss of €10,572 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,846 | €4,539 | €27,999 | €411 | - |
| Depreciation and write-downs of the year | €461 | €1,419 | €2,841 | €7,797 | €7,023 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €461 | €1,419 | €2,841 | €7,797 | €7,023 | ▼ 9.9% |
| Other operating charges640/8 | - | €62 | €62 | €62 | €62 | = |
| Gross operating margin9900 | €14,289 | €16,185 | -€5,509 | -€2,713 | -€1,506 | ▲ 44.5% |
| Operating profit (loss)9901 | €13,828 | €14,703 | -€8,413 | -€10,572 | -€8,592 | ▲ 18.7% |
| Financial income75/76B | €14 | - | €0 | - | - | - |
| Recurring financial income75 | €14 | - | €0 | - | - | - |
| Financial charges65/66B | €11 | €50 | €54 | €54 | €56 | ▲ 2.8% |
| Recurring financial charges65 | €11 | €50 | €54 | €54 | €56 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €13,831 | €14,654 | -€8,467 | -€10,626 | -€8,647 | ▲ 18.6% |
| Income taxes67/77 | €2,624 | €2,949 | - | - | - | - |
| Profit (loss) for the period9904 | €11,207 | €11,705 | -€8,467 | -€10,626 | -€8,647 | ▲ 18.6% |
| Profit (loss) for the period to be appropriated9905 | €11,207 | €11,705 | -€8,467 | -€10,626 | -€8,647 | ▲ 18.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,292 | €44,382 | €38,037 | €42,207 | €42,230 | ▲ 0.1% |
| Fixed assets21/28 | €2,385 | €5,505 | €30,663 | €23,278 | €16,255 | ▼ 30.2% |
| Tangible fixed assets22/27 | €2,385 | €5,505 | €30,663 | €23,278 | €16,255 | ▼ 30.2% |
| Plant, machinery and equipment23 | €1,783 | €3,212 | €27,792 | €21,910 | €16,184 | ▼ 26.1% |
| Furniture and vehicles24 | €602 | €2,293 | €2,871 | €1,368 | €71 | ▼ 94.8% |
| Current assets29/58 | €16,907 | €38,876 | €7,374 | €18,929 | €25,975 | ▲ 37.2% |
| Stocks and contracts in progress3 | €2,262 | €2,940 | €2,334 | €8,947 | €7,925 | ▼ 11.4% |
| Stocks30/36 | €2,262 | €2,940 | €2,334 | €8,947 | €7,925 | ▼ 11.4% |
| Amounts receivable within one year40/41 | €774 | €9,971 | €1,415 | €1,988 | €2,199 | ▲ 10.6% |
| Trade receivables40 | - | €7,184 | - | €1,535 | €1,535 | = |
| Other amounts receivable41 | €774 | €2,788 | €1,415 | €453 | €664 | ▲ 46.6% |
| Cash at bank and in hand54/58 | €13,871 | €25,965 | €3,625 | €7,994 | €15,108 | ▲ 89.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €744 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,292 | €44,382 | €38,037 | €42,207 | €42,230 | ▲ 0.1% |
| Equity10/15 | €16,207 | €27,912 | €19,445 | €8,819 | €172 | ▼ 98.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €11,207 | €22,912 | €14,445 | €3,819 | - | - |
| Distributable reserves133 | €11,207 | €22,912 | €14,445 | €3,819 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | -€4,828 | - |
| Amounts payable17/49 | €3,085 | €16,470 | €18,592 | €33,388 | €42,058 | ▲ 26.0% |
| Amounts payable within one year42/48 | €3,085 | €16,470 | €18,592 | €33,388 | €42,058 | ▲ 26.0% |
| Trade debts44 | €461 | €13,521 | €3,592 | €10,888 | €19,558 | ▲ 79.6% |
| Suppliers440/4 | €461 | €13,521 | €3,592 | €10,888 | €19,558 | ▲ 79.6% |
| Taxes, remuneration and social security45 | €2,624 | €2,949 | - | - | - | - |
| Taxes450/3 | €2,624 | €2,949 | - | - | - | - |
| Other amounts payable47/48 | - | - | €15,000 | €22,500 | €22,500 | = |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,207 | €11,705 | -€8,467 | -€10,626 | -€8,647 | ▲ 18.6% |
| + Depreciation and write-downs630 | €461 | €1,419 | €2,841 | €7,797 | €7,023 | ▼ 9.9% |
| Operating cash flow (approximation) | €11,668 | €13,124 | -€5,625 | -€2,829 | -€1,624 | ▲ 42.6% |
| Investment in fixed assets (approximation) | - | -€4,539 | -€27,999 | -€411 | €0 | - |
| Change in cash | - | €12,094 | -€22,340 | €4,369 | €7,113 | ▲ 62.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 646 companies had the same profile as TIMBERA has now. Two years later, 86.1% were still going and 7.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TIMBERA itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 646 companies, not a prediction for TIMBERA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00529657 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00553462 | |
| 31-03-2024 | micro format | 08-08-2024 | 2024-00334513 | |
| 31-03-2023 | micro format | 27-09-2023 | 2023-00455122 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20477871 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Govaerts Tom |
|
| Janssens Wim |
|
Network & group
TIMBERA shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of TIMBERA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0762.613.307
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
St. Barbarastraat 53980 Tessenderlo-Ham