Timen
ActiveSummary
The computed 12-month bankruptcy probability of Timen is 2.7% (moderate). The 2024 annual accounts show equity of €35,263 and a net result of €21,557. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 7,976 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,675 | €27,150 | ▲ 181% |
| Other operating charges640/8 | €2,348 | €6,260 | ▲ 167% |
| Gross operating margin9900 | €23,819 | €60,872 | ▲ 156% |
| Operating profit (loss)9901 | €11,796 | €27,462 | ▲ 133% |
| Financial income75/76B | €196 | €1,738 | ▲ 785% |
| Recurring financial income75 | €196 | €1,738 | ▲ 785% |
| Financial charges65/66B | €1,413 | €2,099 | ▲ 48.6% |
| Recurring financial charges65 | €1,413 | €2,099 | ▲ 48.6% |
| Profit (loss) for the period before taxes9903 | €10,580 | €27,101 | ▲ 156% |
| Income taxes67/77 | €1,874 | €5,544 | ▲ 196% |
| Profit (loss) for the period9904 | €8,706 | €21,557 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €8,706 | €21,557 | ▲ 148% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €216,286 | €241,930 | ▲ 11.9% |
| Fixed assets21/28 | €95,654 | €76,238 | ▼ 20.3% |
| Tangible fixed assets22/27 | €95,654 | €76,238 | ▼ 20.3% |
| Plant, machinery and equipment23 | €44,631 | €34,964 | ▼ 21.7% |
| Furniture and vehicles24 | €26,517 | €19,398 | ▼ 26.8% |
| Other tangible fixed assets26 | €24,506 | €21,876 | ▼ 10.7% |
| Current assets29/58 | €120,631 | €165,693 | ▲ 37.4% |
| Stocks and contracts in progress3 | €74,266 | €81,185 | ▲ 9.3% |
| Stocks30/36 | €74,266 | €81,185 | ▲ 9.3% |
| Amounts receivable within one year40/41 | €30,433 | €42,490 | ▲ 39.6% |
| Trade receivables40 | €7,939 | €25,153 | ▲ 217% |
| Other amounts receivable41 | €22,494 | €17,336 | ▼ 22.9% |
| Cash at bank and in hand54/58 | €12,977 | €40,103 | ▲ 209% |
| Deferred charges and accrued income490/1 | €2,956 | €1,916 | ▼ 35.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €216,286 | €241,930 | ▲ 11.9% |
| Equity10/15 | €13,706 | €35,263 | ▲ 157% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €8,706 | €30,263 | ▲ 248% |
| Distributable reserves133 | €8,706 | €30,263 | ▲ 248% |
| Amounts payable17/49 | €202,580 | €206,667 | ▲ 2.0% |
| Amounts payable after more than one year17 | €30,000 | €30,000 | = |
| Financial debts170/4 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €172,580 | €176,667 | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €400 | - |
| Trade debts44 | €18,796 | €27,511 | ▲ 46.4% |
| Suppliers440/4 | €18,796 | €27,511 | ▲ 46.4% |
| Advances received on contracts in progress46 | €27,588 | €40,488 | ▲ 46.8% |
| Taxes, remuneration and social security45 | €1,874 | €21,489 | ▲ 1,047% |
| Taxes450/3 | €1,874 | €21,489 | ▲ 1,047% |
| Other amounts payable47/48 | €124,322 | €86,779 | ▼ 30.2% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,706 | €21,557 | ▲ 148% |
| + Depreciation and write-downs630 | €9,675 | €27,150 | ▲ 181% |
| Operating cash flow (approximation) | €18,381 | €48,707 | ▲ 165% |
| Investment in fixed assets (approximation) | - | -€7,734 | - |
| Change in cash | - | €27,126 | - |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0875/00A026 | Flanders | 6.1 ha | 1 · 7,869 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.