TIMM
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 16-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2024
38 d early
2023
15 d early
2022
27 d early
2021
156 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 59 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€367,125▲ 0.5%
2023 · €365,257
Total assets
€417,914▼ 1.6%
2023 · €424,576
Net result
€1,868
2023 · -€14,713
Working capital
€15,956▲ 190%
2023 · €5,511
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€14,927--€37,794▼ 153%-€11,928▲ 68.4%€1,903
Net result-€15,036--€37,857▼ 152%-€14,713▲ 61.1%€1,868
Equity€417,826-€379,970▼ 9.1%€365,257▼ 3.9%€367,125▲ 0.5%
Total assets€423,379-€437,719▲ 3.4%€424,576▼ 3.0%€417,914▼ 1.6%
Debt€5,553-€57,749▲ 940%€59,319▲ 2.7%€50,790▼ 14.4%
Working capital€15,249--€210€5,511€15,956▲ 190%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,903 after a loss of €11,928 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €417,914
Fixed assets
€401,110 ▼ 3.9%
Current assets
€16,804 ▲ 137%
Equity and liabilities €417,914
Equity
€367,125 ▲ 0.5%
Debt
€50,790 ▼ 14.4%
Debt's share of the balance-sheet total falls from 14.0% to 12.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,593▲
2023 · €8,916
Cash flow
€23,557▲
2023 · €6,131
Current ratio
19.81▲
2023 · 4.51
Debt to equity
0.14▼
2023 · 0.16
ROE
0.5%▲
2023 · -4.0%
ROA
0.4%▲
2023 · -3.5%
Interest coverage
665.90▲
2023 · 3.20
Debt ≤ 1 year
€848▼
2023 · €1,569
Debt > 1 year
€43,750▼
2023 · €57,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,185 | €17,402 | €20,844 | €21,689 | ▲ 4.1% |
| Other operating charges640/8 | €1,667 | €2,044 | €2,642 | €2,775 | ▲ 5.0% |
| Gross operating margin9900 | €18,926 | -€18,348 | €11,558 | €26,367 | ▲ 128% |
| Operating profit (loss)9901 | -€14,927 | -€37,794 | -€11,928 | €1,903 | ▲ 116% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €109 | €64 | €2,785 | €35 | ▼ 98.7% |
| Recurring financial charges65 | €109 | €64 | €2,785 | €35 | ▼ 98.7% |
| Profit (loss) for the period before taxes9903 | -€15,036 | -€37,857 | -€14,713 | €1,868 | ▲ 113% |
| Profit (loss) for the period9904 | -€15,036 | -€37,857 | -€14,713 | €1,868 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | -€15,036 | -€37,857 | -€14,713 | €1,868 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €423,379 | €437,719 | €424,576 | €417,914 | ▼ 1.6% |
| Formation expenses20 | €76 | €13 | €0 | - | - |
| Fixed assets21/28 | €402,501 | €430,168 | €417,496 | €401,110 | ▼ 3.9% |
| Tangible fixed assets22/27 | €396,791 | €424,457 | €416,263 | €399,295 | ▼ 4.1% |
| Land and buildings22 | €396,791 | €424,457 | €416,263 | €399,295 | ▼ 4.1% |
| Financial fixed assets28 | €5,710 | €5,711 | €1,233 | €1,815 | ▲ 47.2% |
| Current assets29/58 | €20,802 | €7,539 | €7,080 | €16,804 | ▲ 137% |
| Amounts receivable within one year40/41 | €6,005 | €5,664 | €3,442 | €8,626 | ▲ 151% |
| Trade receivables40 | €6,005 | €4,644 | €1,059 | €1,361 | ▲ 28.6% |
| Other amounts receivable41 | - | €1,020 | €2,383 | €7,265 | ▲ 205% |
| Cash at bank and in hand54/58 | €14,797 | €1,874 | €3,638 | €8,178 | ▲ 125% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €423,379 | €437,719 | €424,576 | €417,914 | ▼ 1.6% |
| Equity10/15 | €417,826 | €379,970 | €365,257 | €367,125 | ▲ 0.5% |
| Contributions10/11 | €303,587 | €303,587 | €303,587 | €303,587 | = |
| Revaluation surpluses12 | €129,276 | €129,276 | €129,276 | €129,276 | = |
| Profit (loss) carried forward14 | -€15,036 | -€52,893 | -€67,606 | -€65,738 | ▲ 2.8% |
| Amounts payable17/49 | €5,553 | €57,749 | €59,319 | €50,790 | ▼ 14.4% |
| Amounts payable after more than one year17 | - | €50,000 | €57,750 | €43,750 | ▼ 24.2% |
| Other amounts payable178/9 | - | €50,000 | €57,750 | €43,750 | ▼ 24.2% |
| Amounts payable within one year42/48 | €5,553 | €7,749 | €1,569 | €848 | ▼ 45.9% |
| Trade debts44 | €2,000 | €74 | €46 | - | - |
| Suppliers440/4 | €2,000 | €74 | €46 | - | - |
| Taxes, remuneration and social security45 | €3,360 | - | €600 | €543 | ▼ 9.4% |
| Taxes450/3 | €3,360 | - | €600 | €543 | ▼ 9.4% |
| Other amounts payable47/48 | €193 | €7,675 | €923 | €305 | ▼ 66.9% |
| Accrued charges and deferred income492/3 | - | - | - | €6,191 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,036 | -€37,857 | -€14,713 | €1,868 | ▲ 113% |
| + Depreciation and write-downs630 | €32,185 | €17,402 | €20,844 | €21,689 | ▲ 4.1% |
| Operating cash flow (approximation) | €17,149 | -€20,455 | €6,131 | €23,557 | ▲ 284% |
| Investment in fixed assets (approximation) | - | -€45,068 | -€8,173 | -€5,303 | ▲ 35.1% |
| Change in cash | - | -€12,923 | €1,764 | €4,540 | ▲ 157% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Power of attorney3 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Power of attorney3 facts ▸
- Merger, absorption
- Dissolution, 16-12-2025
- Power of attorney, Studiecentrum Voor Accountancy Herentals
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,868
Net result €1,868 after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 19.81
Current ratio from 4.51 to 19.81; short-term debt falls from €1,569 to €848.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 4.51
Current ratio from 0.97 to 4.51; short-term debt falls from €7,749 to €1,569.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€37,857
Net result drops to -€37,857, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Mozes