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TIMKEL

Active
Private limited companyfounded 2025active for 1 yearWinkelsestraat 37, 8860 Lendelede, BelgiumKBO/BCE: BE 1022.971.007
Summary

The computed 12-month bankruptcy probability of TIMKEL is 2.9% (moderate). The 2025 annual accounts show equity of €15,810 and a net result of €10,810. Its solvency ranks better than 17% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

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TIMKELActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320
2 sites
Size
€107,474total assets 2025
Equity
€15,810
Profit
€10,810
Turnover not published (micro format)
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.9%
Structure
2025 accounts filed 14 days late
Why 50raises riskFounded in 2025Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.56, cash €2,589Size: total assets €107,474Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 43, micro)
Every signal that counts is listed under Signals.
Financial strength
Average
Solvency 40
equity 14.7% of total assets
Liquidity 42
short-term debt 27.4% · cash 2.4%
Profitability 81
return on assets 10.1%
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 06-2026: 2.2%lowest value 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.4 percentage points vs 07-2026 09-2026: 2.8%▲ +0.2 percentage points vs 08-2026 10-2026: 2.9%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.56, below 1; short-term debt: 27.4% and cash: 2.4% of total assets), and 85.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 17% on solvency, 32% on liquidity and 62% on profitability.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises risk
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 0.56, cash €2,589
NBB · annual accounts
raises risk · Size: total assets €107,474
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 34728 sector peers (2025).
NBB · sector comparison
Position among 34728 sector peers
Solvency
better than 17%
← weakest strongest →
raises risk · 2025 accounts filed 14 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
14 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointments: VANDEPOELE Timothy Camiel Johnny…

Key points

  • Caution: Among the weakest 18% on solvencysector median 46.8% · 34,728 companies 14.7% View
  • Founded 17 months agofounded 05-05-2025 17 months View
  • Board2 directors in office 2 View

By topic

Financials

Financial year
2025
Total assets
€107,474
Profit
€10,810
Solvency
14.7%
Go to Financials

Company details

Sites
2
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
05-05-2025
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Annual meeting
Third Friday of June at 17:00
Purpose
“Het zagen en schaven van hout; Het vervaardigen van fineer en van panelen op basis van…” (deed in Dutch)
Go to Articles of association

Key facts about TIMKEL

What is the company number of TIMKEL?
1022.971.007. In Belgium the VAT number is the company number with BE in front: BE 1022.971.007.
Where is TIMKEL based?
The registered office is at Winkelsestraat 37, 8860 Lendelede.Company details
What does TIMKEL do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of TIMKEL?
Private limited company (BV).
When was TIMKEL founded?
On 05-05-2025.
Is TIMKEL still active?
Yes, TIMKEL is an active enterprise in the KBO register.
What is the turnover of TIMKEL?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is TIMKEL profitable?
In financial year 2025, TIMKEL made a profit of €10,810.
Where can I find the annual accounts of TIMKEL?
TIMKEL filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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