TIMBERTECH
ActiveSummary
TIMBERTECH has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of €767,916. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 76% of 9,771 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 2 FTE
- Equity
- €3.4m
- Profit
- €767,916
Why 97raises riskLast filed accounts filed 56 days late; 1 of the last 3 latelowers riskSize: 2 FTE, total assets €4.9mFounded in 1995Liquidity: current ratio 4.38, cash €763,979Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 75% on solvency, 68% on liquidity, 83% on profitability and 73% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €767,916 ▲43.9%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528551.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.008m | €0.1m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.06m | €0.05m | €0.04m | €0.04m | €0.02m | €0.02m | ▲ 18.5% |
| Other operating charges640/8 | - | - | - | €0.009m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 35.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.002m | €0.007m | - | - |
| Gross operating margin9900 | €0.4m | €0.7m | €0.5m | €0.7m | €1.1m | €0.9m | €1.0m | €1.1m | ▲ 11.4% |
| Operating profit (loss)9901 | €0.2m | €0.4m | €0.3m | €0.5m | €0.9m | €0.7m | €0.8m | €0.9m | ▲ 16.5% |
| Financial income75/76B | - | - | - | €0.004m | €0.003m | €0.03m | €0.09m | €0.3m | ▲ 229% |
| Recurring financial income75 | €0.004m | €0.001m | €0.001m | €0.004m | €0.003m | €0.03m | €0.09m | €0.3m | ▲ 229% |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | €0.2m | €0.07m | €0.07m | ▼ 6.8% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.02m | €0.02m | €0.03m | €0.2m | €0.07m | €0.07m | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.2m | €0.5m | €0.8m | €0.5m | €0.8m | €1.1m | ▲ 41.6% |
| Income taxes67/77 | €0.05m | €0.1m | €0.09m | €0.2m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 37.0% |
| Profit (loss) for the period9904 | €0.1m | €0.3m | €0.2m | €0.3m | €0.6m | €0.3m | €0.5m | €0.8m | ▲ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.3m | €0.2m | €0.3m | €0.6m | €0.3m | €0.5m | €0.8m | ▲ 43.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.4m | €2.8m | €2.9m | €3.3m | €3.8m | €3.7m | €4.1m | €4.9m | ▲ 20.1% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.2m | €0.2m | ▼ 9.5% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.8m | €0.8m | €0.7m | €0.7m | €0.2m | €0.2m | ▼ 9.5% |
| Land and buildings22 | - | - | - | €0.8m | €0.7m | €0.7m | €0.2m | €0.2m | ▼ 7.1% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.005m | €0.004m | €0.04m | €0.03m | ▼ 18.8% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.002m | €0.001m | €0.002m | €0.002m | ▼ 36.9% |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €1.5m | €1.9m | €2.1m | €2.5m | €3.1m | €3.0m | €3.8m | €4.7m | ▲ 21.6% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | ▲ 83.4% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 7.4% |
| Contracts in progress37 | - | - | - | - | - | - | - | €0.2m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.09m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 16.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 19.3% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.009m | - | €0.02m | €0.02m | ▲ 2.8% |
| Current investments50/53 | €0.003m | €0.003m | €0.003m | €1.1m | €1.2m | €0.003m | €3.2m | €3.3m | ▲ 1.7% |
| Cash at bank and in hand54/58 | €1.2m | €1.5m | €1.8m | €1.1m | €1.6m | €2.7m | €0.2m | €0.8m | ▲ 237% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.01m | €0.01m | ▲ 6.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.4m | €2.8m | €2.9m | €3.3m | €3.8m | €3.7m | €4.1m | €4.9m | ▲ 20.1% |
| Equity10/15 | €1.5m | €1.7m | €1.9m | €2.0m | €2.6m | €2.6m | €2.9m | €3.4m | ▲ 17.1% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.4m | €1.7m | €1.9m | €2.0m | €2.6m | €2.6m | €2.9m | €3.4m | ▲ 17.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €2.0m | €2.6m | €2.6m | €2.9m | €3.4m | ▲ 17.2% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.1m | €1.2m | €1.3m | €1.0m | €1.2m | €1.5m | ▲ 27.4% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.7m | €0.8m | €0.9m | €0.6m | €0.8m | €1.1m | ▲ 42.0% |
| Trade debts44 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.3m | €0.4m | €0.9m | ▲ 102% |
| Suppliers440/4 | - | - | - | €0.5m | €0.5m | €0.3m | €0.4m | €0.9m | ▲ 102% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.05m | - | €0.001m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 42.8% |
| Taxes450/3 | - | - | - | €0.3m | €0.4m | €0.2m | €0.3m | €0.2m | ▼ 40.7% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.02m | €0.006m | ▼ 69.4% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.001m | €0.02m | €0.001m | ▼ 96.6% |
| Accrued charges and deferred income492/3 | - | - | - | €322 | €28 | €40 | €16 | €39 | ▲ 148% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.3m | €0.2m | €0.3m | €0.6m | €0.3m | €0.5m | €0.8m | ▲ 43.9% |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.06m | €0.05m | €0.04m | €0.04m | €0.02m | €0.02m | ▲ 18.5% |
| Operating cash flow (approximation) | €0.2m | €0.3m | €0.2m | €0.4m | €0.6m | €0.4m | €0.6m | €0.8m | ▲ 42.9% |
| Investment in fixed assets (approximation) | - | -€0.04m | -€0.01m | -€0.001m | -€0.007m | -€0.003m | €0.5m | -€0.005m | - |
| Change in cash | - | €0.3m | €0.4m | -€0.8m | €0.5m | €1.1m | -€2.4m | €0.5m | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-09-2026 | 2026-00528551 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00464126 |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00363898 |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00215378 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20148742 |
| 31-12-2020 | abbreviated format | 11-08-2021 | 2021-47600597 |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19500436 |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49700206 |
| 31-12-2017 | abbreviated format | 21-08-2018 | 2018-47500200 |
| 31-12-2016 | abbreviated format | 26-09-2017 | 2017-62800483 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VAN BEIRS Carlos Nicolaas Marie |
|
Owners and capital
Capital and shareholders
- 23-11-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-11
Gazette deed
Appointment: VAN BEIRS Carlos Nicolaas Marie (statutory director)Capital conversion · Registered office clause · Amendment of the articles7 facts ▸
- General meeting, 21-11-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “zetel niet langer vermelden in statuten” (deed in Dutch)
- Amendment of the articles
- Director appointment, VAN BEIRS Carlos Nicolaas Marie (statutory director)
- Power of attorney
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0456.159.128
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44027A0296/00G000 | Flanders | 6,073 m² | 1 · 225 m² | 7.7 m · 2 |
| 44049F0307/00E000 | Flanders | 1,455 m² | 1 · 707 m² | 6.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De import en export,de groot-en kleinhandel in alle houtsoorten,alle ondernemingen en aannemingen in timmer-en schrijnwerk,hierin begrepen…” (deed in Dutch)
6 activities (deed in Dutch)
- De import en export,de groot-en kleinhandel in alle houtsoorten,alle ondernemingen en aannemingen in timmer-en schrijnwerk,hierin begrepen het vervaardigen,plaatsen,verkopen en kopen van alle houtsoorten,dienstig voor het bouwen en verbouwen van alle roerende en onroerende goederen,de nieuwbouw,de renovatie en alle verbouwingen van alle onroerende goederen,alsook de fabricage,de plaatsing of de herstelling van alle parketvloeren,dit alles in de meest brede zin van het woord en alles wat hiermee verband houdt
- Het patrimonium ondermeer bestaande uit onroerende goederen te behouden,in de ruimste zijn van het woord te beheren en oordeelkundig uit te breiden
- Binnen het kader van haar voorwerp overgaan tot het aankopen,opschikken,uitrusten,valoriseren,bouwen,verhuren of in uur nemen van onroerende goederen,al dan niet gemeubeld
- Het verstrekken van diensten,adviezen en alle prestaties als makelaar of tussenpersoon voor allerlei en diverse aktiviteiten
- Het nemen van participaties en deelnemingen in andere ondernemingen,alsmede het borgstellen ten overstaan van derden met het oog op commerciële en financiële verhandelingen voor deze derden
- Het beheer en de administratie van alle roerende en onroerende goederen en van vennootschappen en al wat daarmede rechtstreeks of onrechtstreeks verband houdt
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIMBERTECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, enkel besluit van het bestuursorgaan” (deed in Dutch)
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.
- “Bestuursorgaan, 1” (deed in Dutch)“Of mandaat al dan niet ten kosteloze titel, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Alle procedure-en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid verworven aantal bij meer…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven eerst aangeboden aan bestaande aandeelhouders naar evenredigheid aantal aandelen dat zij…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)