TIMELING
ActiveSummary
TIMELING has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €811,420 and a net result of €50,545. Equity is growing by about 7.9% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years
The operating result has fallen two years in a row; 2025 is 13% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
- 2022 Equity +75,455%, Total assets +308% on 2021. Capital increase of €801,420 (Official Gazette 13-12-2022).
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,782 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €125,355 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €64 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,114 | €21,099 | €39,602 | €39,602 | €39,602 | = |
| Other operating charges640/8 | €2,129 | €1,658 | €5,798 | €6,600 | €6,808 | ▲ 3.1% |
| Non-recurring operating charges66A | - | €92 | - | - | - | - |
| Gross operating margin9900 | -€669 | €9,463 | €125,291 | €125,916 | €115,711 | ▼ 8.1% |
| Operating profit (loss)9901 | -€8,912 | -€13,386 | €79,890 | €79,713 | €69,300 | ▼ 13.1% |
| Financial charges65/66B | €44 | - | - | €220 | €355 | ▲ 61.4% |
| Recurring financial charges65 | €44 | - | - | €220 | €355 | ▲ 61.4% |
| Profit (loss) for the period before taxes9903 | -€8,956 | -€13,386 | €79,890 | €79,493 | €68,945 | ▼ 13.3% |
| Income taxes67/77 | - | - | €15,358 | €16,025 | €18,400 | ▲ 14.8% |
| Profit (loss) for the period9904 | -€8,956 | -€13,386 | €64,532 | €63,468 | €50,545 | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | -€8,956 | -€13,386 | €64,532 | €63,468 | €50,545 | ▼ 20.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.3m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 0.2% |
| Fixed assets21/28 | €0.3m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 4.1% |
| Tangible fixed assets22/27 | €0.3m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 4.1% |
| Land and buildings22 | €0.2m | €1.1m | €1.0m | €1.0m | €0.9m | ▼ 4.1% |
| Other tangible fixed assets26 | €0.1m | - | - | - | - | - |
| Current assets29/58 | €0.005m | €0.07m | €0.004m | €0.01m | €0.05m | ▲ 381% |
| Amounts receivable within one year40/41 | - | €0.07m | - | €127 | - | - |
| Other amounts receivable41 | - | €0.07m | - | €127 | - | - |
| Cash at bank and in hand54/58 | €0.005m | €0.003m | €0.004m | €0.01m | €0.05m | ▲ 387% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.3m | €1.1m | €1.0m | €1.0m | €1.0m | ▲ 0.2% |
| Equity10/15 | €0.001m | €0.8m | €0.9m | €0.9m | €0.8m | ▼ 11.5% |
| Contributions10/11 | €0.01m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | -€0.009m | -€0.02m | €0.04m | €0.1m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.2m | €0.07m | €0.2m | ▲ 156% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.08m | €0.07m | €0.2m | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - | - |
| Trade debts44 | €0.03m | - | - | - | - | - |
| Suppliers440/4 | €0.03m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.02m | - | €0.02m | - |
| Taxes450/3 | - | - | €0.02m | - | €0.02m | - |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.06m | €0.06m | €0.2m | ▲ 176% |
| Accrued charges and deferred income492/3 | - | €0.2m | €0.09m | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,956 | -€13,386 | €64,532 | €63,468 | €50,545 | ▼ 20.4% |
| + Depreciation and write-downs630 | €6,114 | €21,099 | €39,602 | €39,602 | €39,602 | = |
| Operating cash flow (approximation) | -€2,842 | €7,713 | €104,135 | €103,071 | €90,148 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€804,310 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,131 | €426 | €7,289 | €41,971 | ▲ 476% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-06-2026 | 2026-00172767 |
| 31-12-2024 | full format | 17-06-2025 | 2025-00155005 |
| 31-12-2023 | full format | 19-06-2024 | 2024-00140010 |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00176121 |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20071428 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.