TimberTree
ActiveSummary
TimberTree has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,490 and a net result of -€9,214. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-99
Solvency81▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 6.54 in 2024; short-term debt: 44.1% and cash: 68.4% of total assets), and 44.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
-14.5%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
60 d early
2024
19 d late
2023
61 d early
2022
56 d early
2021
75 d late
2020
433 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€181,277
EBIT margin
9.8%
Net result
-€9,214
2024 · €24,248
Working capital
€28,754▼ 52.5%
2024 · €60,510
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€34,749▲ 96.3%-€28,744€27,376€36,652▲ 33.9%-€9,956
Net result€25,117▲ 89.6%-€32,868€27,540€24,248▼ 12.0%-€9,214
EBIT margin
Equity€50,927▲ 97.3%€18,059▼ 64.5%€45,600▲ 152%€69,847▲ 53.2%€35,490▼ 49.2%
Total assets€67,598▲ 51.4%€26,751▼ 60.4%€66,406▲ 148%€80,764▲ 21.6%€63,481▼ 21.4%
Debt€16,671▼ 11.4%€8,691▼ 47.9%€20,806▲ 139%€10,917▼ 47.5%€27,991▲ 156%
Working capital€50,927▲ 116%€11,354▼ 77.7%€39,933▲ 252%€60,510▲ 51.5%€28,754▼ 52.5%
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 turns negative in 2025: a loss of €9,956 after €36,652 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,481
Fixed assets
€6,736 ▼ 27.9%
Current assets
€56,746 ▼ 20.6%
Equity and liabilities €63,481
Equity
€35,490 ▼ 49.2%
Debt
€27,991 ▲ 156%
Debt's share of the balance-sheet total rises from 13.5% to 44.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,877▼
2024 · €40,292
Cash flow
-€5,136▼
2024 · €27,888
Current ratio
2.03▼
2024 · 6.54
Debt to equity
0.79▲
2024 · 0.16
ROE
-26.0%▼
2024 · 34.7%
ROA
-14.5%▼
2024 · 30.0%
Interest coverage
-81.22▼
2024 · 260.71
Debt ≤ 1 year
€27,991▲
2024 · €10,917
Income taxes
-€775▼
2024 · €12,476
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,815 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €15,000 | - | €19,421 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,210 | €7,287 | €2,518 | €3,640 | €4,079 | ▲ 12.0% |
| Other operating charges640/8 | €1,608 | €1,311 | €1,265 | €852 | €1,236 | ▲ 45.1% |
| Gross operating margin9900 | €38,567 | -€20,146 | €31,159 | €41,144 | -€4,641 | ▼ 111% |
| Operating profit (loss)9901 | €34,749 | -€28,744 | €27,376 | €36,652 | -€9,956 | ▼ 127% |
| Financial income75/76B | €556 | - | €413 | €226 | €39 | ▼ 82.9% |
| Recurring financial income75 | €556 | - | €413 | €226 | €39 | ▼ 82.9% |
| Financial charges65/66B | €307 | €1,806 | €99 | €155 | €72 | ▼ 53.2% |
| Recurring financial charges65 | €307 | €1,806 | €99 | €155 | €72 | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €34,997 | -€30,549 | €27,691 | €36,724 | -€9,989 | ▼ 127% |
| Income taxes67/77 | €9,880 | €2,318 | €150 | €12,476 | -€775 | ▼ 106% |
| Profit (loss) for the period9904 | €25,117 | -€32,868 | €27,540 | €24,248 | -€9,214 | ▼ 138% |
| Profit (loss) for the period to be appropriated9905 | €25,117 | -€32,868 | €27,540 | €24,248 | -€9,214 | ▼ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,598 | €26,751 | €66,406 | €80,764 | €63,481 | ▼ 21.4% |
| Fixed assets21/28 | - | €6,706 | €12,978 | €9,338 | €6,736 | ▼ 27.9% |
| Tangible fixed assets22/27 | - | €6,706 | €12,978 | €9,338 | €6,736 | ▼ 27.9% |
| Plant, machinery and equipment23 | - | - | €7,923 | €5,933 | €3,943 | ▼ 33.5% |
| Furniture and vehicles24 | - | €6,706 | €5,055 | €3,405 | €2,793 | ▼ 18.0% |
| Current assets29/58 | €67,598 | €20,045 | €53,428 | €71,426 | €56,746 | ▼ 20.6% |
| Amounts receivable within one year40/41 | €2,448 | €3,604 | €11,702 | €14,234 | €12,829 | ▼ 9.9% |
| Trade receivables40 | €2,448 | - | €6,048 | €3,317 | €4,582 | ▲ 38.1% |
| Other amounts receivable41 | - | €3,604 | €5,655 | €10,917 | €8,246 | ▼ 24.5% |
| Cash at bank and in hand54/58 | €64,937 | €16,313 | €41,590 | €56,455 | €43,412 | ▼ 23.1% |
| Deferred charges and accrued income490/1 | €213 | €128 | €135 | €737 | €505 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,598 | €26,751 | €66,406 | €80,764 | €63,481 | ▼ 21.4% |
| Equity10/15 | €50,927 | €18,059 | €45,600 | €69,847 | €35,490 | ▼ 49.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,550 | ▲ 199% |
| Reserves13 | €15,100 | €15,100 | €39,400 | €39,400 | €26,154 | ▼ 33.6% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €13,245 | €13,245 | €37,545 | €37,545 | €24,299 | ▼ 35.3% |
| Profit (loss) carried forward14 | €29,627 | -€3,241 | - | €24,248 | -€9,214 | ▼ 138% |
| Amounts payable17/49 | €16,671 | €8,691 | €20,806 | €10,917 | €27,991 | ▲ 156% |
| Amounts payable within one year42/48 | €16,671 | €8,691 | €13,495 | €10,917 | €27,991 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | €3,365 | - | - | - | - | - |
| Trade debts44 | €7,344 | €5,225 | €6,254 | €4,241 | - | - |
| Suppliers440/4 | €7,344 | €5,225 | €6,254 | €4,241 | - | - |
| Taxes, remuneration and social security45 | €688 | - | - | - | - | - |
| Taxes450/3 | €688 | - | - | - | - | - |
| Other amounts payable47/48 | €5,274 | €3,467 | €7,241 | €6,675 | €27,991 | ▲ 319% |
| Accrued charges and deferred income492/3 | - | - | €7,311 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,117 | -€32,868 | €27,540 | €24,248 | -€9,214 | ▼ 138% |
| + Depreciation and write-downs630 | €2,210 | €7,287 | €2,518 | €3,640 | €4,079 | ▲ 12.0% |
| Operating cash flow (approximation) | €27,327 | -€25,581 | €30,058 | €27,888 | -€5,136 | ▼ 118% |
| Investment in fixed assets (approximation) | - | - | -€8,790 | €0 | -€1,477 | - |
| Change in cash | - | -€48,625 | €25,278 | €14,865 | -€13,044 | ▼ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €27,540
Net result €27,540 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€32,868
Net result drops to -€32,868, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 433 days late
2020
31-12
Financial
Back to profitnet €13,245
Net result €13,245 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2016
Ground area
255 m²
Building footprint
107 m²
Volume, LiDAR
453 m³
Parcel 11819B0507/02C000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TimberTree
since 20162.253.661.772
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11819B0507/02C000 | Flanders | 255 m² | 1 · 107 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,029 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16110Sawmilling and planing of wood
16230Manufacture of other builders' carpentry and joinery
16281Manufacture of other wood products
Contact
E-mail
info@timbertree.beAntwerpen
Phone
0473334325Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655688128
Also
9925:BE0655688128
Registered
09-12-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.