TIMECH
ActiveTIMECH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €479k and a net result of €91k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-4
Solvency65▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.03 in 2024; short-term debt: 59.8% and cash: 18.3% of total assets), but 60.2% of the assets are financed with debt.
Credit advice 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 47
Relative position
BE, all sectors
reference
Sector 47
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.8%
Return on assets
7.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
78 d early
2023
57 d early
2022
56 d early
2021
38 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€479k▲ 1.8%
2024 · €471k
2019: €311k
2020: €355k
2021: €415k
2022: €448k
2023: €459k
2024: €471k
2019 → 2025
Total assets
€1.20M▲ 38.4%
2024 · €870k
2019: €585k
2020: €829k
2021: €798k
2022: €890k
2023: €1.03M
2024: €870k
2019 → 2025
Net result
€91k▼ 2.2%
2024 · €93k
2019: €62k
2020: €76k
2021: €95k
2022: €63k
2023: €44k
2024: €93k
2019 → 2025
Working capital
€399k▲ 2.2%
2024 · €391k
2019: €297k
2020: €324k
2021: €369k
2022: €398k
2023: €394k
2024: €391k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€415k-€448k▲ 7.9%€459k▲ 2.5%€471k▲ 2.5%€479k▲ 1.8%
Operating result€127k-€90k▼ 29.1%€66k▼ 26.6%€140k▲ 113%€135k▼ 4.0%
Net result€95k-€63k▼ 34.1%€44k▼ 30.4%€93k▲ 113%€91k▼ 2.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€84k▼ 14.8%
Current assets
€1.12M▲ 45.2%
Equity and liabilities €1.20M
Equity
€479k▲ 1.8%
Debt
€724k▲ 81.5%
The debt ratio rises from 45.9% to 60.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€173k▲
2024 · €173k
Cash flow
€130k▲
2024 · €126k
Solvency
39.8%▼
2024 · 54.1%
Current ratio
1.55▼
2024 · 2.03
Quick ratio
0.90▲
2024 · 0.87
Debt / equity
1.51▲
2024 · 0.85
ROE
19.0%▼
2024 · 19.7%
ROA
7.6%▼
2024 · 10.7%
Interest coverage
14.90▲
2024 · 11.43
Debt
€724k▲
2024 · €399k
Debt ≤ 1 year
€720k▲
2024 · €380k
Debt > 1 year
€4k▼
2024 · €19k
Income taxes
€32k▼
2024 · €32k
Staff costs
€201k▲
2024 · €180k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€870k€1.20M▲
Fixed assets21/28€99k€84k▼
Tangible fixed assets22/27€99k€84k▼
Plant, machinery and equipment23€32k€22k▼
Furniture and vehicles24€67k€63k▼
Financial fixed assets28€135€135=
Current assets29/58€771k€1.12M▲
Stocks and contracts in progress3€439k€471k▲
Stocks30/36€439k€471k▲
Amounts receivable within one year40/41€203k€427k▲
Trade receivables40€203k€315k▲
Other amounts receivable41-€112k
Cash at bank and in hand54/58€128k€220k▲
Equity and liabilities
Total equity and liabilities10/49€870k€1.20M▲
Equity10/15€471k€479k▲
Contributions10/11€145k€145k=
Reserves13€326k€334k▲
Distributable reserves133€326k€334k▲
Amounts payable17/49€399k€724k▲
Amounts payable after more than one year17€19k€4k▼
Financial debts170/4€19k€4k▼
Amounts payable within one year42/48€380k€720k▲
Current portion of amounts payable after more than one year42€217k€366k▲
Trade debts44€118k€279k▲
Suppliers440/4€118k€279k▲
Taxes, remuneration and social security45€44k€74k▲
Taxes450/3€23k€49k▲
Remuneration and social security454/9€21k€25k▲
Other amounts payable47/48€645-
Income statement
Code20242025
Non-recurring operating income76A€826-
Remuneration, social security and pensions62€180k€201k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€39k▲
Other operating charges640/8€12k€10k▼
Gross operating margin9900€365k€385k▲
Operating profit (loss)9901€140k€135k▼
Financial income75/76B€119€11▼
Recurring financial income75€119€11▼
Financial charges65/66B€15k€12k▼
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€125k€123k▼
Income taxes67/77€32k€32k▼
Profit (loss) for the period9904€93k€91k▼
Profit (loss) for the period to be appropriated9905€93k€91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€91k▼
Transfer to equity691/2€11k€8k▼
To other reserves6921€11k€8k▼
Profit to be distributed694/7€82k€82k=
Return on contributions (dividend)694€82k€82k=
Social balance
Average headcount (FTE)90873.43.7▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €44k ▼30.4%
Net result drops to €44k, the lowest in the series; recovery starts the following year.
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €95k ▲24.3%
Net result €95k, the highest in the series.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kalmthout · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Essensteenweg (Nm) 942920 KalmthoutGround area
5,213 m²
Building footprint
1,252 m²
Volume, LiDAR
7,037 m³
Parcel 11662C0201/00K005, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Timech
since 20082.174.972.404
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662C0201/00K005 | Flanders | 5,213 m² | 1 · 1,252 m² | 6.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,655 EUR awarded · 2,412 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 702 EUR | 702 EUR |
| 2024 | 1 | 1,335 EUR | 1,092 EUR |
| 2022 | 1 | 618 EUR | 618 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
LOUYET EXCLUSIVE
BE 0833.517.535
Waterloo · Eq €479k
Garage Van Der Stukken
BE 0401.358.185
Bree · Eq €480k
AUTO'S KODA
BE 0846.934.912
Torhout · Eq €481k
AUTOCENTER ASSE
BE 0438.476.226
Affligem · Eq €478k
GARAGE BICCAI & FILS
BE 0647.629.408
La Louvière · Eq €478k
Of 10,679 companies in sector 47811 we hold annual accounts for 5,225. 3,466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2008
Fiscal year end30-06
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46610Wholesale trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.