TIMCHA DEVELOPMENT
ActiveSummary
TIMCHA DEVELOPMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €61k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 8.55 against 6.87 in 2024; short-term debt: 10.6% and cash: 38.4% of total assets), and 10.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
89.4%
Return on assets
40.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▼ 30.8%
2024 · €192k
2022: €53klowest in 4 years
2023: €113k▲ +112% vs 2022
2024: €192k▲ +69.6% vs 2023highest in 4 years
2025: €133k▼ -30.8% vs 2024
2022 → 2025
Total assets
€149k▼ 33.0%
2024 · €222k
2022: €110klowest in 4 years
2023: €186k▲ +68.8% vs 2022
2024: €222k▲ +19.2% vs 2023highest in 4 years
2025: €149k▼ -33.0% vs 2024
2022 → 2025
Net result
€61k▼ 22.8%
2024 · €79k
2022: €51klowest in 4 years
2023: €60k▲ +16.4% vs 2022
2024: €79k▲ +31.7% vs 2023highest in 4 years
2025: €61k▼ -22.8% vs 2024
2022 → 2025
Working capital
€119k▼ 31.6%
2024 · €174k
2022: €48klowest in 4 years
2023: €96k▲ +99.9% vs 2022
2024: €174k▲ +81.8% vs 2023highest in 4 years
2025: €119k▼ -31.6% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€53k-€113k▲ 112%€192k▲ 69.6%€133k▼ 30.8%
2022: €53klowest in 4 years
2023: €113k▲ +112% vs 2022
2024: €192k▲ +69.6% vs 2023highest in 4 years
2025: €133k▼ -30.8% vs 2024
Operating result€68k-€80k▲ 17.0%€100k▲ 24.7%€81k▼ 18.7%
2022: €68klowest in 4 years
2023: €80k▲ +17.0% vs 2022
2024: €100k▲ +24.7% vs 2023highest in 4 years
2025: €81k▼ -18.7% vs 2024
Net result€51k-€60k▲ 16.4%€79k▲ 31.7%€61k▼ 22.8%
2022: €51klowest in 4 years
2023: €60k▲ +16.4% vs 2022
2024: €79k▲ +31.7% vs 2023highest in 4 years
2025: €61k▼ -22.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€14k ▼ 22.8%
Current assets
€135k ▼ 33.8%
Equity and liabilities €149k
Equity
€133k ▼ 30.8%
Debt
€16k ▼ 46.8%
Debt's share of the balance-sheet total falls from 13.4% to 10.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€88k▼
2024 · €106k
Cash flow
€68k▼
2024 · €85k
Current ratio
8.55▲
2024 · 6.87
Debt to equity
0.12▼
2024 · 0.15
ROE
45.8%▲
2024 · 41.0%
ROA
40.9%▲
2024 · 35.5%
Interest coverage
27.45▼
2024 · 64.78
Debt ≤ 1 year
€16k▼
2024 · €30k
Income taxes
€17k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€222k€149k▼
Fixed assets21/28€18k€14k▼
Tangible fixed assets22/27€16k€11k▼
Furniture and vehicles24€13k€9k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€2k€3k▲
Current assets29/58€204k€135k▼
Amounts receivable after more than one year29€3k-
Other amounts receivable291€3k-
Amounts receivable within one year40/41€77k€78k▲
Trade receivables40€77k€23k▼
Other amounts receivable41-€55k
Cash at bank and in hand54/58€124k€57k▼
Equity and liabilities
Total equity and liabilities10/49€222k€149k▼
Equity10/15€192k€133k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€190k€131k▼
Amounts payable17/49€30k€16k▼
Amounts payable within one year42/48€30k€16k▼
Trade debts44€347-
Suppliers440/4€347-
Taxes, remuneration and social security45€29k€8k▼
Taxes450/3€29k€8k▼
Other amounts payable47/48€682€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€6k€936▼
Gross operating margin9900€112k€89k▼
Operating profit (loss)9901€100k€81k▼
Financial income75/76B€60€8▼
Recurring financial income75€60€8▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€98k€78k▼
Income taxes67/77€19k€17k▼
Profit (loss) for the period9904€79k€61k▼
Profit (loss) for the period to be appropriated9905€79k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€190k€251k▲
Profit (loss) brought forward from the previous period14P€111k€190k▲
Profit to be distributed694/7-€120k
Return on contributions (dividend)694-€120k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €14k | €6k | €7k | ▲ 8.8% |
| Other operating charges640/8 | €14k | €11k | €6k | €936 | ▼ 84.6% |
| Gross operating margin9900 | €101k | €105k | €112k | €89k | ▼ 20.7% |
| Operating profit (loss)9901 | €68k | €80k | €100k | €81k | ▼ 18.7% |
| Financial income75/76B | €431 | €249 | €60 | €8 | ▼ 86.6% |
| Recurring financial income75 | €431 | €249 | €60 | €8 | ▼ 86.6% |
| Financial charges65/66B | €921 | €565 | €2k | €3k | ▲ 95.8% |
| Recurring financial charges65 | €921 | €565 | €2k | €3k | ▲ 95.8% |
| Profit (loss) for the period before taxes9903 | €68k | €80k | €98k | €78k | ▼ 20.7% |
| Income taxes67/77 | €17k | €20k | €19k | €17k | ▼ 11.9% |
| Profit (loss) for the period9904 | €51k | €60k | €79k | €61k | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €51k | €60k | €79k | €61k | ▼ 22.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €110k | €186k | €222k | €149k | ▼ 33.0% |
| Fixed assets21/28 | €25k | €23k | €18k | €14k | ▼ 22.8% |
| Tangible fixed assets22/27 | €23k | €21k | €16k | €11k | ▼ 32.0% |
| Furniture and vehicles24 | €23k | €21k | €13k | €9k | ▼ 33.8% |
| Other tangible fixed assets26 | - | - | €3k | €2k | ▼ 24.0% |
| Financial fixed assets28 | €2k | €2k | €2k | €3k | ▲ 50.0% |
| Current assets29/58 | €86k | €163k | €204k | €135k | ▼ 33.8% |
| Amounts receivable after more than one year29 | - | - | €3k | - | - |
| Other amounts receivable291 | - | - | €3k | - | - |
| Amounts receivable within one year40/41 | €47k | - | €77k | €78k | ▲ 1.2% |
| Trade receivables40 | €47k | - | €77k | €23k | ▼ 70.1% |
| Other amounts receivable41 | - | - | - | €55k | - |
| Cash at bank and in hand54/58 | €39k | €163k | €124k | €57k | ▼ 54.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €110k | €186k | €222k | €149k | ▼ 33.0% |
| Equity10/15 | €53k | €113k | €192k | €133k | ▼ 30.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €51k | €111k | €190k | €131k | ▼ 31.1% |
| Amounts payable17/49 | €57k | €73k | €30k | €16k | ▼ 46.8% |
| Amounts payable after more than one year17 | €3k | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €38k | €67k | €30k | €16k | ▼ 46.8% |
| Current portion of amounts payable after more than one year42 | €8k | €3k | - | - | - |
| Trade debts44 | €496 | €19k | €347 | - | - |
| Suppliers440/4 | €496 | €17k | €347 | - | - |
| Bills of exchange payable441 | - | €2k | - | - | - |
| Taxes, remuneration and social security45 | €27k | €40k | €29k | €8k | ▼ 73.2% |
| Taxes450/3 | €27k | €40k | €29k | €8k | ▼ 73.2% |
| Other amounts payable47/48 | €2k | €5k | €682 | €8k | ▲ 1,090% |
| Accrued charges and deferred income492/3 | €16k | €6k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €60k | €79k | €61k | ▼ 22.8% |
| + Depreciation and write-downs630 | €19k | €14k | €6k | €7k | ▲ 8.8% |
| Operating cash flow (approximation) | €70k | €73k | €85k | €68k | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | €-12k | €-804 | €-3k | ▼ 273% |
| Change in cash | - | €124k | €-39k | €-67k | ▼ 73.3% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2022net €79k ▲31.7%
Operating result €100k, net result €79k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 6.87
Current ratio from 2.44 to 6.87; short-term debt falls from €67k to €30k.
31-03
Financial
Equity above €150kEq €192k ▲69.6%
3 profitable years in a row build equity to €192k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €113k ▲112%
2 profitable years in a row build equity to €113k.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 2020
Ground area
166 m²
Building footprint
131 m²
Volume, LiDAR
1,651 m³
Parcel 21007A0029/00B010, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
TIMCHA DEVELOPMENT
since 20202.306.405.226
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0029/00B010 | Brussels | 166 m² | 1 · 131 m² | 17.4 m · 5 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,875 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
Founded08-06-2020
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.