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Complete company report
Generated 15-08-2026
Active BE 0783.264.706Private limited company

Timen

Berkebossenlaan 5 ·2400 Mol, Belgium· 4 yrs active
Sector: Schrijnwerk (43320)
Conclusion Checked

The computed 12-month bankruptcy probability of Timen is 2.7% (moderate). The 2024 annual accounts show equity of €35k and a net result of €22k. Its solvency ranks better than 20% of 11116 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €35k
Net result €22k
Better than sector 20%
Active 4 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health51Profitability100Solvency19Growth78Stability94
68 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51
Profitability 100
Solvency 19
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.7% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
51 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 20-06-2025 with the NBB · fiscal year 2024 · micro
€0€10k€20k€30kOperating result 2023: €12k€12kNet result 2023: €9k€9kOperating result 2024: €27k€27kNet result 2024: €22k€22k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 14.6% 40.9%
better than 20% of 11116 sector peers
Net result €22k €11k
better than 66% of 11098 sector peers
Equity €35k €34k
better than 51% of 11119 sector peers
Gross operating margin €61k €35k
better than 68% of 11088 sector peers
Total assets €242k €94k
better than 82% of 11116 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€55k
+154.4% 23-24
Net profit
€22k
+147.6% 23-24
Cash flow
€49k
+165.0% 23-24
Total assets
€242k
+11.9% 23-24
Equity
€35k
+157.3% 23-24
Working capital
€-11k
+78.9% 23-24
Income taxes
€6k
+195.9% 23-24
Debt
€207k
+2.0% 23-24
Debt ≤ 1y
€177k
+2.4% 23-24
Debt > 1y
€30k
0.0% 23-24
Current ratio
0.94
+34.2% 23-24
Quick ratio
0.48
+78.0% 23-24
Solvency
14.6%
+130.0% 23-24
Debt / equity
5.86
-60.3% 23-24
ROE
61.1%
-3.8% 23-24
ROA
8.9%
+121.4% 23-24
Interest coverage
26.02
+71.2% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€55k
Net profit€22k
Cash flow€49k
Staff costs-
Income taxes€6k
Dividends-
Total assets€242k
Equity€35k
Debt€207k
of which ≤ 1y€177k
of which > 1y€30k
Working capital€-11k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.94
Quick ratio0.48
Working capital ratio-4.5%
Solvency14.6%
Debt / equity5.86
Long-term debt ratio0.85
Interest coverage26.02
Gross margin-
Net margin-
ROA8.9%
ROE61.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€242k
Fixed assets 21/28€76k
Tangible fixed assets 22/27€76k
Current assets 29/58€166k
Stocks & contracts in progress 3€81k
Amounts receivable within one year 40/41€42k
Cash & bank 54/58€40k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€242k
Equity 10/15€35k
Contributions / capital 10/11€5k
Reserves 13€30k
Amounts payable 17/49€207k
Amounts payable after one year 17€30k
Amounts payable within one year 42/48€177k
Trade debts payable within one year 44€28k
Income statement
Gross operating margin 9900€61k
Operating result 9901€27k
Financial income 75€2k
Financial charges 65€2k
Result before taxes 9903€27k
Income taxes 67/77€6k
Net result for the period 9904€22k
Result to be appropriated 9905€22k
You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • Mannaerts Mike BVLegal entity
    Non-statutory director· perm. rep.: Mannaerts Mike
    State Gazette act 24179124 (23-12-2024)
    Current
    01-07-2024 → present
  • MVH Management CommVLegal entity
    Non-statutory director· perm. rep.: Van Hove Sam
    State Gazette act 24179124 (23-12-2024)
    Current
    01-07-2024 → present
Former directors (2)
  • Mannaerts Mike
    Non-statutory director
    State Gazette act 24179124 (23-12-2024)
    Former
    - → 01-07-2024
  • Van Hove Sam
    Non-statutory director
    State Gazette act 24179124 (23-12-2024)
    Former
    - → 01-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Schrijnwerk(43320)
Legal form Private limited company(610)
Incorporation10-03-2022
StatusActive
Postal code2400
Establishment units 1 location
Timen
Berkebossenlaan 5, 2400 MolVervaardiging van ander schrijn- en timmerwerk
since 20222.328.933.772
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13025G0875/00A026 Flanders 6.1 ha 1 · 7,869 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
20-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
23-12-2024
State Gazette act Director changes
11-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
23-12-2024 4 directors appointed, 2 resigning Director changes
  • Mannaerts Mike, Niet-statutair bestuurder
  • Van Hove Sam, Niet-statutair bestuurder
  • Mannaerts Mike, Vast vertegenwoordigd
  • Van Hove Sam, Vast vertegenwoordigd
  • Mannaerts Mike, Niet-statutair bestuurder
  • Van Hove Sam, Niet-statutair bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Schrijnwerk43320Schrijnwerk43320Vervaardiging van kantoor- en winkelmeubelen31001Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31004Vervaardiging van kantoor- en winkelmeubelen31010Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen31091Groothandel in kantoor- en winkelmeubelen46472Groothandel in kantoormeubelen46650
Primary activity highlighted.
Names & trade names
Legal nameNL Timen
Registered office
Berkebossenlaan 5 bus 1
2400 Mol, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative