TIMIDI
Annual accounts 2024
abbreviated format, filed on 27-05-2025, 65 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €91,000. Estimated: probably between €48,000 and €170,000.
Balance sheet
balance sheet total €111,050 on 31-12-2024Change in equityin euro
Change in cashin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
111,050 | 121,970 | |
Fixed assets21/28 |
90,000 | 90,162 | |
Tangible fixed assets22/27 |
- | 162 | |
Plant, machinery and equipment23 |
- | 162 | |
Financial fixed assets28 |
90,000 | 90,000 | |
Current assets29/58 |
21,050 | 31,808 | |
Amounts receivable within one year40/41 |
14,432 | 28,500 | |
Trade receivables40 |
14,432 | 28,500 | |
Cash at bank and in hand54/58 |
2,862 | 2,478 | |
Deferred charges and accrued income490/1 |
3,756 | 830 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
111,050 | 121,970 | |
Equity10/15 |
34,699 | 19,358 | |
Contributions10/11 |
2,500 | 2,500 | |
Reserves13 |
32,199 | 16,858 | |
Distributable reserves133 |
32,199 | 16,858 | |
Amounts payable17/49 |
76,351 | 102,612 | |
Amounts payable after more than one year17 |
30,577 | 49,332 | |
Financial debts170/4 |
30,577 | 49,332 | |
Amounts payable within one year42/48 |
45,774 | 53,280 | |
Current portion of amounts payable after more than one year42 |
18,755 | 17,967 | |
Trade debts44 |
5,629 | 13,815 | |
Suppliers440/4 |
5,629 | 13,815 | |
Taxes, remuneration and social security45 |
10,735 | 7,514 | |
Taxes450/3 |
10,735 | 2,714 | |
Remuneration and social security454/9 |
- | 4,800 | |
Other amounts payable47/48 |
10,655 | 13,984 | |
| Income statement | |||
Gross operating margin9900 |
25,456 | 6,285 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
162 | 1,202 | |
Other operating charges640/8 |
650 | 649 | |
Operating profit (loss)9901 |
24,644 | 4,434 | |
Financial charges65/66B |
2,149 | 2,917 | |
Recurring financial charges65 |
2,149 | 2,917 | |
Profit (loss) for the period before taxes9903 |
22,495 | 1,517 | |
Income taxes67/77 |
7,154 | 1,261 | |
Profit (loss) for the period9904 |
15,341 | 256 | |
Profit (loss) for the period to be appropriated9905 |
15,341 | 256 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
15,341 | 256 | |
Transfer to equity691/2 |
15,341 | 256 | |
To other reserves6921 |
15,341 | 256 | |
| Document | |||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 27-05-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| EBITDA | 24,806 | 5,636 | |
| Cash flow | 15,503 | 1,458 | |
| Investment in fixed assets (approximation) | 0 | - | |
| Change in cash | 384 | - | |
| Working capital | -24,724 | -21,472 | |
| Solvency | 31.2% | 15.9% | |
| Current ratio | 0.46 | 0.60 | |
| Debt to equity | 2.20 | 5.30 | |
| ROE | 44.2% | 1.3% | |
| ROA | 13.8% | 0.2% | |
| Interest coverage | 11.54 | 1.93 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2024 | 2023 |
|---|---|---|
| Debts secured on the company's own assets | €38,332 | €56,299 |
Source: notes to the 2023 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Insights on TIMIDI
The operating result for 2024 is nearly 5.6 times that of 2023.
Debt's share of the balance-sheet total falls from 84.1% to 68.8%. Equity is higher and debt is lower.