Equity
€134,961 ▼ 11.4%
TIMCO paid out €21,000 in dividends. That is 572% of the 2025 profit.
TIMCO
Lifetime
7 annual accounts with figures on one time axispeak €177,976 (2025)
€177,976▲ 33.5%
peak €50,162 (2023)
€3,673▼ 80.9%
peak €152,288 (2024)
€134,961▼ 11.4%
€197,725▲ 17.6%
peak 2.5 FTE (2023)
-not published
Board2 names since 2017
1 director
Owners
Documentsfilings and deeds
23-02-202623 days late
2025micro format
Gross margin from €133,357 to €177,976Result from €19,224 to €3,673Dividend €21,000Debts from €168,200 to €197,725
Key points
from the 2025 annual accountsTurnover
≈ €550,000 estimated
The accounts state no turnover.
Staff
3 employees on 30-06-2025
In 2025, 2 people joined and 3 left.
Filings
7 annual accounts 2 late
The 2025 accounts came latest: 23 days after the end of the period.
Starting capital
€18,600 100 shares
Position in the sector
€177,976
Higher gross margin than 88% of companies in specialised construction. Sector median €39,035 · 37,218 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as TIMCO has now. Each dot stands for 13 companies, two years later.
93.9%
were still trading
3.9%
stopped another way
2.2%
went bankrupt
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,053 companies, not a prediction for TIMCO. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0683834162
Resignation: (director)
General meeting of 15-11-2023 · Gazette deed
Changes of role: (director) and (director)
Director discharge: · Director discharge: · General meeting of 10-02-2023 · Gazette deed
First establishment
TIMCO-AIR, Leuvensebaan 6, Rotselaar
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIMCO Rotselaar | €332,686 | €177,976 | 40.6% | - |
| Devroye Diest | €286,098 | €181,765 | 16.4% | - |
| SAM LE CHAUFFAGISTE Overijse | €379,112 | €177,477 | 82.4% | 1.9 |
| Rombauts Verwarming en Ventilatie Berlaar | €282,090 | €186,253 | 44.9% | - |
| DUBO HVAC Zulte | €320,290 | €148,084 | 8.9% | - |
| Jonathan Desitter Progrado Flémalle | €338,870 | €143,063 | 35.7% | - |
| Geniesse Chauffage Ottignies-Louvain-la-Neuve | €291,675 | €179,777 | 52.6% | - |
These companies have the same main activity as TIMCO: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €282,000 and €379,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 30-10-2017Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 5 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 30-06-2025
- Establishment unit
- 2.270.244.8143110 Rotselaar, since 01-11-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 09-12-2025
Annual accounts to 30-06-2025
- €332,686▲ 3.8%
- Employeeson 30-06-2025
- 3▲ 50.0%
- Filing
- Filed on 23-02-2026
Insights on TIMCO
TIMCO files the micro format. That format states no turnover. The gross margin rose from €54,167 in 2019 to €177,976 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TIMCO
- What is the company number of TIMCO?
- The company number of TIMCO is 0683.834.162. The VAT number is the same number with BE in front: BE 0683.834.162.
- Where is TIMCO based?
- The registered office is at Leuvensebaan 6, 3110 Rotselaar.Company details
- What does TIMCO do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of TIMCO?
- TIMCO is a private limited company (BV).
- When was TIMCO founded?
- TIMCO was founded on 30-10-2017.
- Is TIMCO still active?
- Yes, TIMCO is an active enterprise in the KBO register.
- How many employees does TIMCO have?
- TIMCO had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TIMCO fall under?
- In its 30-06-2025 annual accounts, TIMCO states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of TIMCO?
- The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €177,976 and 93 comparable companies (NACE 432). It probably lies between €440,000 and €680,000.
- Is TIMCO profitable?
- In financial year 2025, TIMCO made a profit of €3,673.
- Where can I find the annual accounts of TIMCO?
- TIMCO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIMCO due?
- TIMCO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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