TIMGAD BLDC

Active

Private limited companyfounded 20215 yrs activeTerkamerenlaan 33, 1000 Brussel, BelgiumKBO/BCE: BE 0762.444.546

The computed 12-month bankruptcy probability of TIMGAD BLDC is 5.0% (elevated). The 2024 annual accounts show equity of €117k and a net result of €74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 862 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability92▼-4

Solvency55▲+13

Growth78=

Track record94

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity ample (current ratio 1.63 against 1.05 in 2023; short-term debt: 57.1% and cash: 0.1% of total assets), but 70.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-02-2026, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

190 d late

2023

152 d late

2022

120 d late

2021

95 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€74k▲ 47.5%

2023 · €50k

2021: €-40k 2022: €20k 2023: €50k

2021 → 2024

Working capital

€141k▲ 1,459%

2023 · €9k

2021: €-54k 2022: €-45k 2023: €9k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-30k-€-10k▲ 66.4%€40k€117k▲ 194%

Operating result€-40k-€21k€70k▲ 233%€101k▲ 44.1%

Net result€-40k-€20k€50k▲ 148%€74k▲ 47.5%

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 44% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €396k

92.8%

Fixed assets €28k▼ 8.0%

Current assets €368k▲ 82.2%

Equity and liabilities €396k

29.6%

70.4%

Equity €117k▲ 194%

Debt €279k▲ 44.6%

The debt ratio falls from 82.9% to 70.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€107k▲

2023 · €77k

Cash flow

€80k▲

2023 · €57k

Solvency

29.6%▲

2023 · 17.1%

Current ratio

1.63▲

2023 · 1.05

Quick ratio

1.59▲

2023 · 0.87

Debt / equity

2.38▼

2023 · 4.83

ROE

63.0%▼

2023 · 125.7%

ROA

18.7%▼

2023 · 21.5%

Interest coverage

45.04▲

2023 · 15.07

Debt

€279k▲

2023 · €193k

Debt ≤ 1 year

€226k▲

2023 · €193k

Debt > 1 year

€50k

Income taxes

€25k▲

2023 · €15k

Staff costs

€129k▼

2023 · €171k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€233k€396k▲

Fixed assets21/28€31k€28k▼

Tangible fixed assets22/27€25k€23k▼

Plant, machinery and equipment23€25k€20k▼

Furniture and vehicles24€138€0▼

Other tangible fixed assets26-€3k

Financial fixed assets28€6k€6k=

Current assets29/58€202k€368k▲

Stocks and contracts in progress3€34k€9k▼

Stocks30/36€34k€9k▼

Amounts receivable within one year40/41€145k€358k▲

Trade receivables40€140k€140k=

Other amounts receivable41€5k€218k▲

Cash at bank and in hand54/58€23k€441▼

Deferred charges and accrued income490/1€255€660▲

Equity and liabilities

Total equity and liabilities10/49€233k€396k▲

Equity10/15€40k€117k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€30k€107k▲

Amounts payable17/49€193k€279k▲

Amounts payable after more than one year17-€50k

Financial debts170/4-€50k

Amounts payable within one year42/48€193k€226k▲

Trade debts44€142k€153k▲

Suppliers440/4€142k€153k▲

Taxes, remuneration and social security45€50k€70k▲

Taxes450/3€27k€58k▲

Remuneration and social security454/9€23k€12k▼

Other amounts payable47/48€830€3k▲

Accrued charges and deferred income492/3-€3k

Income statement Code20232024

Remuneration, social security and pensions62€171k€129k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼

Other operating charges640/8€3k€2k▼

Non-recurring operating charges66A€13-

Gross operating margin9900€252k€238k▼

Operating profit (loss)9901€70k€101k▲

Financial charges65/66B€5k€2k▼

Recurring financial charges65€5k€2k▼

Profit (loss) for the period before taxes9903€65k€99k▲

Income taxes67/77€15k€25k▲

Profit (loss) for the period9904€50k€74k▲

Profit (loss) for the period to be appropriated9905€50k€74k▲

Appropriation of the result

Profit (loss) to be appropriated9906€30k€107k▲

Profit (loss) brought forward from the previous period14P€-20k€33k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Gazette 1Filings 4

2026

01-09

State Gazette act Registered office

General meeting · Registered-office move2 facts ▸

General meeting, 2026-08-17
Registered-office move, Boulevard de la Cambre 33 bte 3, à 1000 Bruxelles

06-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 190 days late

2024

31-12

Financial Highest result since 2021net €74k ▲47.5%

Operating result €101k, net result €74k, both a record.

31-12

Financial Equity above €100kEq €117k ▲194%

3 profitable years in a row build equity to €117k.

30-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 152 days late

2023

31-12

Financial Liquidity doublescurrent ratio 1.05

Current ratio from 0.47 to 1.05.

28-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 120 days late

2022

31-12

Financial Back to profitnet €20k

Net result €20k after one loss-making year.

03-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 95 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 2 establishment units since 2021

establishment All 2 establishment units on the map

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.

Terkamerenlaan 331000 Brussel

Ground area

3,044 m²

Building footprint

1,070 m²

Volume, LiDAR

15,284 m³

3 parcels, Brussels, Wallonia · tallest building 27.3 m, ±8 floors. Linked by address, not a title deed.

2 establishment units

Boucherie TIMGAD

Rue Chafnay 5, 4020 LiègeWholesale of other food products

since 20212.313.924.409

O'KING MARKET

Rue Servais-Malaise 19, 4030 LiègeWholesale of other food products

since 20212.313.924.508

3 parcels

Wallonia 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62059B0289/00W000	Wallonia	1,633 m²	1 · 379 m²	4.4 m · 1 fl.
21822R0310/00F000	Brussels	746 m²	1 · 508 m²	27.3 m · 8 fl.
62302B0323/00D004	Wallonia	666 m²	1 · 182 m²	9.1 m · 3 fl.