Timbolo
ActiveThe computed 12-month bankruptcy probability of Timbolo is 1.6% (moderate). The annual accounts of Timbolo for fiscal year 2024 show a net loss of 68% of the equity at the start of that year. The 2024 annual accounts show equity of €14k and a net result of €-29k. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 2091 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-71
Solvency34▼-36
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.28 against 1.41 in 2023; short-term debt: 18% and cash: 2.8% of total assets), and 91% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2024Solvency, return and age of the figures
Solvency
9%
Return on assets
-18.9%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
43 d early
2022
41 d early
2021
2 d early
2020
18 d late
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€14k▼ 67.6%
2023 · €43k
2019: €5k
2020: €10k
2021: €26k
2022: €41k
2023: €43k
2019 → 2024
Total assets
€154k▲ 62.1%
2023 · €95k
2019: €105k
2020: €115k
2021: €92k
2022: €81k
2023: €95k
2019 → 2024
Net result
€-29k
2023 · €2k
2019: €-13k
2020: €5k
2021: €16k
2022: €15k
2023: €2k
2019 → 2024
Working capital
€8k▼ 7.9%
2023 · €8k
2019: €20k
2020: €38k
2021: €23k
2022: €24k
2023: €8k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€26k▲ 154%€41k▲ 59.5%€43k▲ 4.5%€14k▼ 67.6%
Operating result€5k-€16k▲ 216%€16k▲ 3.4%€4k▼ 72.6%€-25k
Net result€5k-€16k▲ 224%€15k▼ 1.8%€2k▼ 88.0%€-29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25k after €4k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €154k
Fixed assets
€119k▲ 78.7%
Current assets
€36k▲ 23.7%
Equity and liabilities €154k
Equity
€14k▼ 67.6%
Debt
€140k▲ 170%
The debt ratio rises from 54.7% to 91.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €22k
Cash flow
€-8k▼
2023 · €19k
Solvency
9.0%▼
2023 · 45.3%
Current ratio
1.28▼
2023 · 1.41
Quick ratio
0.86▲
2023 · 0.47
Debt / equity
10.06▲
2023 · 1.21
ROE
-209.0%▼
2023 · 4.3%
ROA
-18.9%▼
2023 · 1.9%
Interest coverage
-1.00▼
2023 · 20.77
Debt
€140k▲
2023 · €52k
Debt ≤ 1 year
€28k▲
2023 · €20k
Debt > 1 year
€113k▲
2023 · €32k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€95k€154k▲
Fixed assets21/28€67k€119k▲
Intangible fixed assets21-€17k
Tangible fixed assets22/27€66k€101k▲
Furniture and vehicles24€64k€100k▲
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€100€100=
Current assets29/58€29k€36k▲
Stocks and contracts in progress3€19k€12k▼
Stocks30/36€19k€12k▼
Amounts receivable within one year40/41€4k€15k▲
Trade receivables40€118€8k▲
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€698€5k▲
Equity and liabilities
Total equity and liabilities10/49€95k€154k▲
Equity10/15€43k€14k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€25k€-5k▼
Amounts payable17/49€52k€140k▲
Amounts payable after more than one year17€32k€113k▲
Financial debts170/4€17k€55k▲
Other amounts payable178/9€15k€57k▲
Amounts payable within one year42/48€20k€28k▲
Current portion of amounts payable after more than one year42€4k€12k▲
Trade debts44€10k€11k▲
Suppliers440/4€10k€11k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€3k€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k▲
Other operating charges640/8€1k€997▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€23k€2k▼
Operating profit (loss)9901€4k€-25k▼
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€3k€-29k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€2k€-29k▼
Profit (loss) for the period to be appropriated9905€2k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-5k▼
Profit (loss) brought forward from the previous period14P€23k€25k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-29k ▼1675%
Net result drops to €-29k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €16k ▲224%
Net result €16k, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Somme-Leuze · 1 establishment unit since 2018
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.
Moressée, Heure 35377 Somme-LeuzeGround area
6,339 m²
Building footprint
291 m²
Parcel 91066A0258/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Hopopop
since 20182.275.855.075
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91066A0258/00C002 | Wallonia | 6,339 m² | 1 · 291 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSomme-Leuze2.275.855.075
Similar companies · same sector, comparable size
IJS BLANCA
BE 0879.636.085
Berlaar · Eq €13k
Denis KREMER
BE 0881.105.339
Welkenraedt · Eq €15k
Façon Grenadine
BE 0800.425.489
Verviers · Eq €13k
DE VROLING
BE 0871.997.732
Wellen · Eq €15k
DECADENZA
BE 0833.364.414
Scherpenheuvel-Zichem · Eq €12k
Of 611 companies in sector 10520 we hold annual accounts for 236. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-2018
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
46391Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47111Retail trade
47210Retail sale of fruit and vegetables
47810Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:hello@hopopop.bio
Phone:0474/449545