TIMCON
ActiveSummary
The computed 12-month bankruptcy probability of TIMCON is 1.9% (moderate). The 2025 annual accounts show negative equity (€-2k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4522 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+87
Solvency10▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.05 against 1.52 in 2024; short-term debt: 48% and cash: 34.5% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-14.9%
Return on assets
17.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4522 sector peers (2025).
NBB · sector comparisonPosition among 4522 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
27 d late
2023
27 d late
2022
29 d late
2021
58 d late
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k▲ 53.4%
2024 · €-5k
2018: €19khighest in 8 years
2019: €7k▼ -62.3% vs 2018
2020: €3k▼ -51.5% vs 2019
2021: €6k▲ +70.6% vs 2020
2022: €-6k▼ -196% vs 2021lowest in 8 years
2023: €-4k▲ +37.9% vs 2022
2024: €-5k▼ -46.5% vs 2023
2025: €-2k▲ +53.4% vs 2024
2018 → 2025
Total assets
€16k▲ 61.4%
2024 · €10k
2018: €89khighest in 8 years
2019: €65k▼ -27.2% vs 2018
2020: €54k▼ -16.7% vs 2019
2021: €17k▼ -69.2% vs 2020
2022: €7k▼ -57.4% vs 2021
2023: €7k▼ -1.2% vs 2022lowest in 8 years
2024: €10k▲ +43.9% vs 2023
2025: €16k▲ +61.4% vs 2024
2018 → 2025
Net result
€3k
2024 · €-2k
2018: €-4k
2019: €-12k▼ -204% vs 2018lowest in 8 years
2020: €-4k▲ +68.9% vs 2019
2021: €2k▲ +167% vs 2020
2022: €-12k▼ -574% vs 2021
2023: €2k▲ +119% vs 2022
2024: €-2k▼ -176% vs 2023
2025: €3k▲ +268% vs 2024highest in 8 years
2018 → 2025
Working capital
€8k▲ 155%
2024 · €3k
2018: €-7k
2019: €-15k▼ -121% vs 2018lowest in 8 years
2020: €-9k▲ +43.9% vs 2019
2021: €1k▲ +117% vs 2020
2022: €-7k▼ -558% vs 2021
2023: €-5k▲ +24.7% vs 2022
2024: €3k▲ +165% vs 2023
2025: €8k▲ +155% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€-6k€-4k▲ 37.9%€-5k▼ 46.5%€-2k▲ 53.4%
2021: €6khighest in 5 years
2022: €-6k▼ -196% vs 2021lowest in 5 years
2023: €-4k▲ +37.9% vs 2022
2024: €-5k▼ -46.5% vs 2023
2025: €-2k▲ +53.4% vs 2024
Operating result€6k-€-11k€3k€-600€3k
2021: €6khighest in 5 years
2022: €-11k▼ -277% vs 2021lowest in 5 years
2023: €3k▲ +127% vs 2022
2024: €-600▼ -120% vs 2023
2025: €3k▲ +659% vs 2024
Net result€2k-€-12k€2k€-2k€3k
2021: €2k
2022: €-12k▼ -574% vs 2021lowest in 5 years
2023: €2k▲ +119% vs 2022
2024: €-2k▼ -176% vs 2023
2025: €3k▲ +268% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €600 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€261 ▼ 62.1%
Current assets
€16k ▲ 70.5%
Key figures and ratios
EBITDA
€4k▲
2024 · €130
Cash flow
€3k▲
2024 · €-931
Solvency
-14.9%▲
2024 · -51.7%
Current ratio
2.05▲
2024 · 1.52
Debt to equity
-7.70▼
2024 · -2.93
ROA
17.1%▲
2024 · -16.4%
Interest coverage
62.03▲
2024 · 0.31
Debt
€19k▲
2024 · €15k
Debt ≤ 1 year
€8k▲
2024 · €6k
Debt > 1 year
€11k▲
2024 · €9k
Income taxes
€515▼
2024 · €639
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10k€16k▲
Fixed assets21/28€689€261▼
Tangible fixed assets22/27€689€261▼
Plant, machinery and equipment23€14-
Furniture and vehicles24€675€261▼
Current assets29/58€9k€16k▲
Amounts receivable within one year40/41€6k€9k▲
Trade receivables40€5k€8k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€10k€16k▲
Equity10/15€-5k€-2k▲
Contributions10/11€6k€6k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-18k€-15k▲
Amounts payable17/49€15k€19k▲
Amounts payable after more than one year17€9k€11k▲
Other amounts payable178/9€9k€11k▲
Amounts payable within one year42/48€6k€8k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€707€551▼
Taxes450/3€707€551▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€730€428▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€1k€5k▲
Operating profit (loss)9901€-600€3k▲
Financial income75/76B€1€13▲
Recurring financial income75€1€13▲
Financial charges65/66B€423€61▼
Recurring financial charges65€423€61▼
Profit (loss) for the period before taxes9903€-1k€3k▲
Income taxes67/77€639€515▼
Profit (loss) for the period9904€-2k€3k▲
Profit (loss) for the period to be appropriated9905€-2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-15k▲
Profit (loss) brought forward from the previous period14P€-16k€-18k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7k | - | €900 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €4k | €699 | €730 | €428 | ▼ 41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €432 | €-432 | - | - | - | - |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | €1k | ▼ 18.1% |
| Non-recurring operating charges66A | €2k | €358 | €116 | - | - | - |
| Gross operating margin9900 | €21k | €-5k | €5k | €1k | €5k | ▲ 248% |
| Operating profit (loss)9901 | €6k | €-11k | €3k | €-600 | €3k | ▲ 659% |
| Financial income75/76B | €20 | - | - | €1 | €13 | ▲ 1,200% |
| Recurring financial income75 | €20 | - | - | €1 | €13 | ▲ 1,200% |
| Financial charges65/66B | €2k | €277 | €153 | €423 | €61 | ▼ 85.6% |
| Recurring financial charges65 | €2k | €277 | €153 | €423 | €61 | ▼ 85.6% |
| Profit (loss) for the period before taxes9903 | €5k | €-11k | €3k | €-1k | €3k | ▲ 424% |
| Income taxes67/77 | €2k | €572 | €614 | €639 | €515 | ▼ 19.4% |
| Profit (loss) for the period9904 | €2k | €-12k | €2k | €-2k | €3k | ▲ 268% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-12k | €2k | €-2k | €3k | ▲ 268% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €7k | €7k | €10k | €16k | ▲ 61.4% |
| Fixed assets21/28 | €5k | €876 | €1k | €689 | €261 | ▼ 62.1% |
| Tangible fixed assets22/27 | €5k | €876 | €1k | €689 | €261 | ▼ 62.1% |
| Plant, machinery and equipment23 | €936 | €542 | €196 | €14 | - | - |
| Furniture and vehicles24 | €4k | €334 | €1k | €675 | €261 | ▼ 61.3% |
| Current assets29/58 | €12k | €6k | €6k | €9k | €16k | ▲ 70.5% |
| Amounts receivable within one year40/41 | - | €3k | €2k | €6k | €9k | ▲ 51.1% |
| Trade receivables40 | - | - | €350 | €5k | €8k | ▲ 59.5% |
| Other amounts receivable41 | - | €3k | €1k | €1k | €1k | ▲ 16.1% |
| Cash at bank and in hand54/58 | €11k | €2k | €3k | €2k | €6k | ▲ 245% |
| Deferred charges and accrued income490/1 | €1k | €2k | €858 | €2k | €1k | ▼ 32.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €7k | €7k | €10k | €16k | ▲ 61.4% |
| Equity10/15 | €6k | €-6k | €-4k | €-5k | €-2k | ▲ 53.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-6k | €-18k | €-16k | €-18k | €-15k | ▲ 15.8% |
| Amounts payable17/49 | €11k | €13k | €11k | €15k | €19k | ▲ 22.3% |
| Amounts payable after more than one year17 | - | - | - | €9k | €11k | ▲ 19.6% |
| Other amounts payable178/9 | - | - | - | €9k | €11k | ▲ 19.6% |
| Amounts payable within one year42/48 | €11k | €13k | €11k | €6k | €8k | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | €1k | - | - | - | - | - |
| Trade debts44 | €1k | €3k | €2k | €5k | €7k | ▲ 32.5% |
| Suppliers440/4 | €1k | €3k | €2k | €5k | €7k | ▲ 32.5% |
| Taxes, remuneration and social security45 | €5k | €3k | €615 | €707 | €551 | ▼ 22.1% |
| Taxes450/3 | €5k | €3k | €615 | €707 | €551 | ▼ 22.1% |
| Other amounts payable47/48 | €3k | €6k | €8k | - | - | - |
| Accrued charges and deferred income492/3 | €87 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-12k | €2k | €-2k | €3k | ▲ 268% |
| + Depreciation and write-downs630 | €11k | €4k | €699 | €730 | €428 | ▼ 41.4% |
| Operating cash flow (approximation) | €14k | €-8k | €3k | €-931 | €3k | ▲ 446% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €0 | - |
| Change in cash | - | €-9k | €1k | €-1k | €4k | ▲ 412% |
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
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.52
Current ratio from 0.53 to 1.52; short-term debt falls from €11k to €6k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
Show earlier events
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Anderlecht · 1 establishment unit since 2006
Ground area
921 m²
Building footprint
420 m²
Volume, LiDAR
5,829 m³
Parcel 21308H0500/00N004, Brussels · tallest building 24.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TIMCON SPRL
since 20062.157.447.373
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0500/00N004 | Brussels | 921 m² | 1 · 420 m² | 24.6 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 7,006 companies in sector 81220 we hold annual accounts for 2,414. 1,093 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
Founded27-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
43320Joinery installation
43410Roofing work
53200Other postal and courier activities
81300Landscape service activities
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.