Skip to content

TIMCO

Active
Private limited companyfounded 2022active for 4 yearsTerbiest 7, 9550 Herzele, BelgiumKBO/BCE: BE 0787.620.796
Summary

The computed 12-month bankruptcy probability of TIMCO is 3.5% (moderate). The 2025 annual accounts show equity of €35,946 and a net result of €26,176. Equity is shrinking by about 2.6% per year across the filed financial years. Its solvency ranks better than 49% of 657 sector peers (NACE 16, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
TIMCOActiveChecked score 51/100
Risk analysis ReportCompare

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
TIMCO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in…” (deed in Dutch)

deed of 28-06-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“1, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Permanent representativeA company that is a director names a natural person to carry out the mandate on its behalf.
“Vast en rechtsgeldig vertegenwoordiger” (deed in Dutch)

deed of 28-06-2022

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of June at 18:00

deed of 28-06-2022

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Bestuursorgaan bepaalt of alleen dan wel gezamenlijk, dagelijks bestuur” (deed in Dutch)
Other provision: “Één of meerdere commissarissen, controle van de vennootschap” (deed in Dutch)
Other provision: “Binnen wettelijke grenzen met uitzondering van besluiten bij authentieke akte, schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Elektronische algemene vergaderingen, oproeping bepaalt uitdrukkelijk” (deed in Dutch)
Other provision: “Beraadslagingen algemene vergadering, schriftelijk,aan ieder persoon,alle overdrachtsmiddelen” (deed in Dutch)
Other provision: “Elk aandeel gelijk aandeel in winstverdeling, bestemming winst-reserves” (deed in Dutch)
Liquidation distribution: “Aanzuivering schulden,lasten,kosten of consignatie, netto-actief naar verhouding aantal aandelen,goederen in natura zelfde wijze” (deed in Dutch)
4 more provisions in the deed, see the deed of 28-06-2022

deed of 28-06-2022

We would like to set cookies. That happens only with your consent. What we measure