TIMCONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of TIMCONSTRUCT is 1.7% (moderate). The 2024 annual accounts show equity of €356k and a net result of €3k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 3550 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▲+69
Solvency80▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.5 in 2023; short-term debt: 42.8% and cash: 10.1% of total assets), and 44.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
30 d late
2022
37 d early
2021
52 d late
2020
23 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k
2023 · €-109k
2018: €13k
2019: €55k
2020: €112k
2021: €170k
2022: €281k
2023: €-109k
2018 → 2024
Working capital
€217k▲ 26.5%
2023 · €171k
2018: €132k
2019: €21k
2020: €51k
2021: €30k
2022: €245k
2023: €171k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€251k▲ 38.6%€462k▲ 83.8%€353k▼ 23.6%€356k▲ 0.7%
Operating result€155k-€227k▲ 46.4%€374k▲ 65.2%€-105k€10k
Net result€112k-€170k▲ 51.4%€281k▲ 65.1%€-109k€3k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €105k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €645k
Fixed assets
€152k ▼ 25.7%
Current assets
€493k ▼ 4.1%
Equity and liabilities €645k
Equity
€356k ▲ 0.7%
Debt
€290k ▼ 20.9%
Debt's share of the balance-sheet total falls from 50.9% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2023 · €-42k
Cash flow
€63k▲
2023 · €-47k
Current ratio
1.78▲
2023 · 1.50
Quick ratio
1.73▲
2023 · 1.46
Debt to equity
0.82▼
2023 · 1.04
ROE
0.7%▲
2023 · -30.9%
ROA
0.4%▲
2023 · -15.2%
Interest coverage
26.35▲
2023 · -12.19
Debt ≤ 1 year
€277k▼
2023 · €343k
Debt > 1 year
€13k▼
2023 · €23k
Income taxes
€7k▲
2023 · €1k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€719k€645k▼
Fixed assets21/28€205k€152k▼
Tangible fixed assets22/27€204k€151k▼
Land and buildings22€83k€81k▼
Plant, machinery and equipment23€76k€43k▼
Furniture and vehicles24€27k€14k▼
Leasing and similar rights25€17k€13k▼
Financial fixed assets28€800€800=
Current assets29/58€515k€493k▼
Stocks and contracts in progress3€15k€15k=
Stocks30/36€15k€15k=
Amounts receivable within one year40/41€348k€409k▲
Trade receivables40€302k€361k▲
Other amounts receivable41€45k€49k▲
Cash at bank and in hand54/58€150k€65k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€719k€645k▼
Equity10/15€353k€356k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€332k€335k▲
Amounts payable17/49€366k€290k▼
Amounts payable after more than one year17€23k€13k▼
Financial debts170/4€23k€13k▼
Amounts payable within one year42/48€343k€277k▼
Current portion of amounts payable after more than one year42€11k€10k▼
Financial debts43€208€40k▲
Credit institutions430/8€208€40k▲
Trade debts44€201k€185k▼
Suppliers440/4€201k€185k▼
Taxes, remuneration and social security45€84k-
Taxes450/3€84k-
Remuneration and social security454/9€0-
Other amounts payable47/48€47k€42k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€60k▼
Gross operating margin9900€-42k€70k▲
Operating profit (loss)9901€-105k€10k▲
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-108k€9k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€-109k€3k▲
Profit (loss) for the period to be appropriated9905€-109k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€332k€335k▲
Profit (loss) brought forward from the previous period14P€442k€332k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €281k ▲65.1%
Operating result €374k, net result €281k, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
31-12
Financial
Equity above €200kEq €251k ▲38.6%
4 profitable years in a row build equity to €251k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Equity above €150kEq €181k ▲30.4%
3 profitable years in a row build equity to €181k.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 16 days late
Show earlier events
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ukkel · 1 establishment unit since 2011
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
TIMCONSTRUCT
since 20112.209.538.650
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IZI MONTAGE
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INTERIEUR DE DRIE WIJZEN
BE 0670.966.222
Nieuwerkerken (Limb.) · Eq €354,996
BRUGGE 3000
BE 0456.236.827
Sint-Pieters-Leeuw · Eq €356,141
Weldybo
BE 0632.735.849
Brecht · Eq €354,784
FANALES
BE 0478.278.888
Kontich · Eq €356,353
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.