TIMKEL
ActiveSummary
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.
Overview
- Equity
- €15,810
- Profit
- €10,810
- DUPRET KellyDirector
- VANDEPOELE Timothy Camiel JohnnyDirector
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
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: VANDEPOELE Timothy Camiel Johnny…
Financials · financial year 2025, micro format
2025 annual accounts filed late (14 days) Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405754.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 2,390 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,362 |
| Other operating charges640/8 | €1,994 |
| Gross operating margin9900 | €25,738 |
| Operating profit (loss)9901 | €15,383 |
| Financial income75/76B | €128 |
| Recurring financial income75 | €128 |
| Financial charges65/66B | €1,167 |
| Recurring financial charges65 | €1,167 |
| Profit (loss) for the period before taxes9903 | €14,344 |
| Income taxes67/77 | €3,533 |
| Profit (loss) for the period9904 | €10,810 |
| Profit (loss) for the period to be appropriated9905 | €10,810 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €107,474 | |
| Fixed assets21/28 | €90,896 | |
| Tangible fixed assets22/27 | €90,896 | |
| Plant, machinery and equipment23 | €4,629 | |
| Leasing and similar rights25 | €86,267 | |
| Current assets29/58 | €16,578 | |
| Amounts receivable within one year40/41 | €13,357 | |
| Trade receivables40 | €4,214 | |
| Other amounts receivable41 | €9,143 | |
| Cash at bank and in hand54/58 | €2,589 | |
| Deferred charges and accrued income490/1 | €632 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €107,474 | |
| Equity10/15 | €15,810 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €10,810 | |
| Distributable reserves133 | €10,810 | |
| Amounts payable17/49 | €91,663 | |
| Amounts payable after more than one year17 | €59,989 | |
| Financial debts170/4 | €59,989 | |
| Amounts payable within one year42/48 | €29,432 | |
| Current portion of amounts payable after more than one year42 | €17,096 | |
| Trade debts44 | €4,498 | |
| Suppliers440/4 | €4,498 | |
| Taxes, remuneration and social security45 | €7,838 | |
| Taxes450/3 | €7,838 | |
| Accrued charges and deferred income492/3 | €2,242 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €10,810 |
| + Depreciation and write-downs630 | €8,362 |
| Operating cash flow (approximation) | €19,172 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-08-2026 | 2026-00405754 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DUPRET Kelly |
|
| VANDEPOELE Timothy Camiel Johnny |
|
Owners and capital
Capital and shareholders
- VANDEPOELE Timothy Camiel Johnny 50 shares (50%) · €2,500
- DUPRET Kelly 50 shares (50%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 09-05-2025 Incorporation · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-05
Gazette deed
IncorporationAppointments: VANDEPOELE Timothy Camiel Johnny (director) and DUPRET Kelly (director) · Founder · Bank account9 facts ▸
- Incorporation, “TIMKEL” (deed in Dutch)
- Founder, VANDEPOELE Timothy Camiel Johnny
- Founder, DUPRET Kelly
- Bank account, “bijzondere rekening vennootschap-in-oprichting, BE94 7310 6729 2814” (deed in Dutch)
- Registered office clause, “Lendelede,Winkelsestraat 37” (deed in Dutch)
- Director appointment, VANDEPOELE Timothy Camiel Johnny (director (not named in the articles))
- Director appointment, DUPRET Kelly (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen verplichtingen activiteiten door oprichters in naam voor rekening vennootschap-in-oprichting” (deed in Dutch)
- Founding capital
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1022.971.007
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34025C0106/00M000 | Flanders | 982 m² | 1 · 189 m² | 26.9 m · 2 |
| 34025C0101/00L000 | Flanders | 946 m² | 1 · 490 m² | 9.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het zagen en schaven van hout; Het vervaardigen van fineer en van panelen op basis van hout; Het vervaardigen van schrijnwerken; Het…” (deed in Dutch)
22 activities (deed in Dutch)
- Het zagen en schaven van hout
- Het vervaardigen van fineer en van panelen op basis van hout
- Het vervaardigen van schrijnwerken
- Het repareren van metalen
- Het slopen van gebouwen en andere bouwwerken
- Het verbouwen van woningen,stukadoorswerken,schrijnwerken
- Het plaatsen van vloer- en wandtegels
- Het plaatsen van behang
- Het maken van keukens
- Het uitvoeren van werken op maat/plan
- Allerhande werkzaamheden die in lijn liggen met bovenstaande omschrijving (het verbouwen van woningen,bedrijfspanden,… )
- Het verhuren van materiaal
- Bedrukkingen
- Het verlenen van advies in bedrijfsbeheer
- Het geven van administratieve,financiële en zakelijke dienstverlening
- Het uitvoeren van studieopdrachten en allerhande zakelijke dienstverlening
- Het verstrekken van managementadviezen in de meest ruime zin van het woord
- Beheer,advies en assistentie bij managementactiviteiten,supervisie,controle op het gebied van marketing,public-relations,productie,financiën,administratie en commerciële aangelegenheden.
- De exploitatie van een logies verstrekkend bedrijf- uitbating vakantiehoeve,verhuring van gites,vakantiewoningen en appartementen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen (zowel gebouwen als gronden) en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht,…),zowel voor eigen rekening als voor rekening van derden,of in samenwerking met derden,zowel in België als in het buitenland,zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,optrekken en bouwen,verbouwen,omvormen of ombouwen,heropbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren,promoten,beheren en uitbaten van onroerende goederen,de expertise,het ontwerpen,ontwikkelen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën; de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg te stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen
- Het verwerven van participaties in eender welke vorm in alle bestaande en of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt
- Het toestaan van leningen en van kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm; het zich borg stellen of aval verlenen,in de meest ruime zin; alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIMKEL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “- Artikel 13 - BEVOEGDHEDEN VAN HET BESTUURSORGAAN: Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, algemene vergadering steeds wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk aandeel, 1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00