Equity
€89,971 ▼ 32.3%
TIMCHA DEVELOPMENT paid out €120,000 in dividends. That is 156% of the 2026 profit.
TIMCHA DEVELOPMENT
Overview
Lifetime
5 annual accounts with figures on one time axispeak €112,429 (2024)
€112,106▲ 25.8%
peak €78,824 (2024)
€77,086▲ 26.7%
peak €192,064 (2024)
€89,971▼ 32.3%
€38,627▲ 145%
Board1 name since 2020
Documentsfilings and deeds
30-09-202631 days before the deadline
2026micro format
Gross margin from €89,147 to €112,106Result from €60,822 to €77,086Dividend €120,000Equity from €132,885 to €89,971Debts from €15,791 to €38,627Cash from €57,079 to €34,310
Key points
from the 2026 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Liquidity
3.04 was 8.55 in 2025
Short-term debts rose from €15,791 to €38,627.
Filings
5 annual accounts since 2022
The last five annual accounts were filed 0 to 31 days before the end of the period.
Starting capital
€2,000 100 shares
At the same address
35 companies
Checked score
95
Excellent
Financially stronger than 58% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 3.04, cash €34,310
Equity €89,971 (70.0% of total assets)
Figures for financial year 2026 (filed on 01-10-2026)
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 70, micro). It does better than 66% of them on solvency, 63% on liquidity, 84% on profitability and 17% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as TIMCHA DEVELOPMENT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TIMCHA DEVELOPMENT itself is lower: < 0.1% within 12 months. It rests on far more data about TIMCHA DEVELOPMENT than the profile alone.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for TIMCHA DEVELOPMENT. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.04 (8.55 in 2025), above the usual 1.5. Short-term debt is 30% and cash 26.7% of total assets. 30% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
31 days early
2025
on the day
2024
1 day early
2023
on the day
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- TIMMERMANS Charles Marie Isabelle François Jacques 100 sharesdeed of 10-06-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0747981747
Incorporation
Founding capital of €2,000, 100 shares · Founder: TIMMERMANS Charles Marie Isabelle François Jacques · Appointment: TIMMERMANS Charles Marie Isabelle François Jacques (director) · published on 10-06-2020 · Gazette deed
First establishment
Koningslaan 107, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIMCHA DEVELOPMENT Forest | €128,598 | €112,106 | 70.0% | - |
| So watt Forest | €123,730 | €90,925 | 46.9% | - |
| OBUONE CONSULTING Forest | €154,700 | €95,751 | 93.3% | - |
| DATACLOUD Brussels | €119,900 | €105,958 | 5.6% | - |
| DATASENT Auderghem | €114,213 | €113,413 | 29.9% | - |
| MIO CONSULTING Uccle | €137,736 | €116,892 | 3.6% | - |
| CdeW CONSULTING Watermael-Boitsfort | €114,591 | €106,453 | 25.9% | - |
These companies have the same main activity as TIMCHA DEVELOPMENT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €114,000 and €155,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 08-06-2020Normal situation
- Registered office
- 36 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.306.405.2261190 Forest, since 08-06-2020
- Financial year end
- 31 March
- Peppol
- Reachable since 05-01-2026
Annual accounts to 31-03-2026
- €112,106▲ 25.8%
- €77,086▲ 26.7%
- €89,971▼ 32.3%
- €128,598▼ 13.5%
- Filing
- Filed on 30-09-2026, 31 days before the end of the filing period
Insights on TIMCHA DEVELOPMENT
TIMCHA DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from €101,252 in 2022 to €112,106 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2026
micro format, filed on 30-09-2026, 31 days before the deadline€112,106
▲ 25.8%
€105,131
▲ 29.5%
€77,086
▲ 26.7%
€78,871
▼ 33.8%
70.0%
▼ 19.4 percentage points
3.04
▼ 5.51
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €160,000 and €230,000.
Balance sheet
balance sheet total €128,598 on 31-03-2026What the company ownsHow it is paid for
in euro
in euro
Position in the sector
70.0%
Higher than 88% of 39,368 companies in 2025.
3.04
Higher than 87% of 38,051 companies in 2025.
59.9%
Higher than 81% of 38,523 companies in 2025.
TIMCHA DEVELOPMENT
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
128,598 | 148,676 | 221,764 | 186,066 | 110,261 | |
21/28 |
11,100 | 13,668 | 17,700 | 23,358 | 24,644 | |
22/27 |
10,100 | 10,668 | 15,700 | 21,358 | 22,644 | |
24 |
4,648 | 8,548 | 12,908 | 21,358 | 22,644 | |
26 |
5,452 | 2,121 | 2,791 | - | - | |
28 |
1,000 | 3,000 | 2,000 | 2,000 | 2,000 | |
29/58 |
117,498 | 135,008 | 204,064 | 162,708 | 85,617 | |
29 |
- | - | 3,000 | - | - | |
291 |
- | - | 3,000 | - | - | |
40/41 |
83,188 | 77,929 | 77,002 | - | 46,947 | |
40 |
18,188 | 23,032 | 77,002 | - | 46,947 | |
41 |
65,000 | 54,897 | - | - | - | |
54/58 |
34,310 | 57,079 | 124,063 | 162,708 | 38,670 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
128,598 | 148,676 | 221,764 | 186,066 | 110,261 | |
10/15 |
89,971 | 132,885 | 192,064 | 113,239 | 53,396 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
87,971 | 130,885 | 190,064 | 111,239 | 51,396 | |
17/49 |
38,627 | 15,791 | 29,700 | 72,827 | 56,865 | |
17 |
- | - | - | - | 2,823 | |
170/4 |
- | - | - | - | 2,823 | |
42/48 |
38,627 | 15,791 | 29,700 | 66,805 | 37,642 | |
42 |
- | - | - | 2,823 | 8,400 | |
44 |
6,026 | - | 347 | 19,059 | 496 | |
440/4 |
6,026 | - | 347 | 16,739 | 496 | |
441 |
- | - | - | 2,320 | - | |
45 |
9,385 | 7,674 | 28,671 | 40,257 | 26,665 | |
450/3 |
9,385 | 7,674 | 28,671 | 40,257 | 26,665 | |
47/48 |
23,216 | 8,117 | 682 | 4,666 | 2,081 | |
492/3 |
- | - | - | 6,022 | 16,400 | |
| Income statement | ||||||
9900 |
112,106 | 89,147 | 112,429 | 104,660 | 101,252 | |
630 |
6,436 | 7,031 | 6,463 | 13,574 | 18,579 | |
640/8 |
539 | 936 | 6,097 | 10,974 | 14,187 | |
9901 |
105,131 | 81,180 | 99,869 | 80,112 | 68,486 | |
75/76B |
0 | 8 | 60 | 249 | 431 | |
75 |
0 | 8 | 60 | 249 | 431 | |
65/66B |
3,023 | 3,214 | 1,642 | 565 | 921 | |
65 |
3,023 | 3,214 | 1,642 | 565 | 921 | |
9903 |
102,108 | 77,975 | 98,287 | 79,796 | 67,996 | |
67/77 |
25,022 | 17,153 | 19,463 | 19,953 | 16,600 | |
9904 |
77,086 | 60,822 | 78,824 | 59,844 | 51,396 | |
9905 |
77,086 | 60,822 | 78,824 | 59,844 | 51,396 | |
| Appropriation of the result | ||||||
9906 |
207,971 | 250,885 | 190,064 | 111,239 | 51,396 | |
14P |
130,885 | 190,064 | 111,239 | 51,396 | - | |
694/7 |
120,000 | 120,000 | - | - | - | |
694 |
120,000 | 120,000 | - | - | - | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-09-2026 | 2026-00539103 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00559178 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00520427 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00501233 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20481192 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| 111,567 | 88,211 | 106,332 | 93,686 | 87,065 | ||
| 83,522 | 67,853 | 85,287 | 73,418 | 69,975 | ||
| 5,646 | 3,000 | 8,653 | 12,288 | 43,223 | ||
| -22,769 | -66,984 | -38,645 | 124,038 | - | ||
| 78,871 | 119,217 | 174,364 | 95,903 | 47,975 | ||
| 70.0% | 89.4% | 86.6% | 60.9% | 48.4% | ||
| 3.04 | 8.55 | 6.87 | 2.44 | 2.27 | ||
| 0.43 | 0.12 | 0.15 | 0.64 | 1.06 | ||
| 85.7% | 45.8% | 41.0% | 52.8% | 96.3% | ||
| 59.9% | 40.9% | 35.5% | 32.2% | 46.6% | ||
| 36.91 | 27.45 | 64.78 | over 100 | 94.53 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,646 | €2,000 | €8,653 | €12,288 | €41,223 |
| Financial fixed assets | - | €1,000 | - | - | €2,000 |
| €6,436 | €7,031 | €6,463 | €13,574 | €18,579 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on TIMCHA DEVELOPMENT
The operating result for 2026 is 30% higher than in 2025 and the highest since 2022. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total rises from 10.6% to 30.0%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 08-06-2020
term without a fixed end
listed in the 2026 annual accounts, filed on 30-09-2026
Mandates through the years
1 name, the dashed line is todayTIMMERMANS Charles Marie Isabelle François Jacques
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- TIMMERMANS Charles Marie Isabelle François Jacques
- Director (not named in the articles), from 08-06-2020 to date
Control
This company
TIMCHA DEVELOPMENT
Equity €89,971
Profit €77,086 in 2026
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €900 in 2026
- Source
- deed of 10-06-2020
Articles of association
deed of 10-06-2020 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 10-06-2020 ↗
- TIMMERMANS Charles Marie Isabelle François Jacques 100 shares (100%) · €2,000
Network & group
No group
TIMCHA DEVELOPMENT has no parent and no holdings in its annual accounts. TIMMERMANS Charles Marie Isabelle François Jacques is the only director. TIMCHA DEVELOPMENT shares no director with another company.
At the same address
Koningslaan 107, 1190 Forest · 35 other companies| NEXT KRAFTWERKE BELGIUM
registered office since 20-10-2014 · founded in 2014 · accounts filed late |
turnover €131.5m (2024) 0564.844.361 |
| MATARO ADVICE
registered office since 30-11-2009 · founded in 2009 |
15 FTE (2026) 0812.335.408 |
| PHLOX
registered office since 01-09-2016 · founded in 2005 |
total assets €4.3m (2025) 0876.776.070 |
| FINOFIN
establishment since 14-05-2024 · founded in 2024 · negative equity (2025) |
turnover €570,372 (2025) 1009.334.488 |
| NOVAKEY
registered office since 17-05-2002 · founded in 2002 |
total assets €1.5m (2025) 0477.552.972 |
| STORYHOUSE
registered office since 08-03-2013 · founded in 2013 |
total assets €1.4m (2024) 0521.861.384 |
| Sapphire Europe
registered office since 09-11-2022 · founded in 2022 |
total assets €1.3m (2025) 0793.428.227 |
| LEVL
registered office since 08-12-2006 · founded in 2002 |
9.3 FTE (2025) 0478.953.435 |
| ROBIWAL
registered office since 27-11-2018 · founded in 2018 |
1 FTE (2025) 0713.939.202 |
| Mc Soud
registered office since 30-08-2024 · founded in 2024 · negative equity (2025) |
total assets €567,032 (2025) 1012.991.784 |
Timeline
Timeline
12 events since 2020Filings
Financial
Establishments
2020202220242026
Deadline for the 2027 accounts: 31-10-2027
2026
Annual accounts 2026 filed NBBmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0747981747
2025
Annual accounts 2025 filed PDFmicro format · on the deadline day
2024
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
Highest result from 2022 to 2026 net €78,824 ▲31.7% The net result of €78,824 is the highest of those years.
Liquidity more than doubled current ratio 6.87 The current ratio rises from 2.44 to 6.87. Short-term debt falls from €66,805 to €29,700.
Equity above €150,000 equity €192,064 ▲69.6% With a profit in every financial year since 2022, equity grows to €192,064.
2023
Annual accounts 2023 filed PDFmicro format · on the deadline day
Equity above €100,000 equity €113,239 ▲112% With a profit in every financial year since 2022, equity grows to €113,239.
2022
Annual accounts 2022 filed PDFmicro format · on the deadline day
2020
IncorporationFounding capital of €2,000, 100 shares · Founder: TIMMERMANS Charles Marie Isabelle François Jacques · Appointment: TIMMERMANS Charles Marie Isabelle François Jacques (director) · published on 10-06-20206 points ▸
- Founder, TIMMERMANS Charles Marie Isabelle François Jacques
- Founding capital, €2,000, 100 shares
- Registered office clause, Avenue du Roi 107 à 1190 Forest
- Board rule, 1
- Director appointment, TIMMERMANS Charles Marie Isabelle François Jacques (director (not named in the articles))
- Permanent representative, TIMMERMANS Charles Marie Isabelle François Jacques
- The deed holds 7 more points.
First establishment Koningslaan 107, Forest
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 8 June 2020, TIMCHA DEVELOPMENT was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 TIMMERMANS Charles Marie Isabelle François Jacques has served as director since 2020.3 Total assets went from €110,261 in 2022 to €128,598 in 2026.4
Company details
Identity
- Enterprise number
- 0747.981.747
- VAT number
- BE 0747.981.747
- Peppol ID
- 0208:0747981747
- Other Peppol ID
- 9925:BE0747981747
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-06-2020
- Financial year
- ends on 31 March
- Peppol
- Reachable since 05-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TIMCHA DEVELOPMENT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-06-2020 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'importation, l'exportation, l’achat, la vente dans le monde entier de tous produits, matières et services divers de toutes les origines…”deed of 10-06-2020 (in French)
Text of the purpose
“L'importation, l'exportation, l’achat, la vente dans le monde entier de tous produits, matières et services divers de toutes les origines ainsi que développer l'activité de bureaux intermédiaires commerciaux.”
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koningslaan 107 registered office 1190 Forest | 08-06-2020 | 2.306.405.226 |
Buildings and parcels at the address
- Ground area
- 166 m²
- Buildings
- 131 m²
- Volume, LiDAR
- 1,651 m³
- Tallest building
- 17.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21007A0029/00B010 | 166 m² | 1 · 131 m² | 17.4 m · 5 |