TIMMERKOEN
ActiveSummary
TIMMERKOEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €25k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.46 against 4.24 in 2024; short-term debt: 15.7% and cash: 26.1% of total assets), and 15.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.2%
Return on assets
11.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
106 d early
2024
83 d early
2023
84 d early
2022
59 d early
2021
59 d early
2020
93 d early
2019
92 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 1.4%
2024 · €184k
2018: €139klowest in 8 years
2019: €162k▲ +16.4% vs 2018
2020: €203k▲ +25.0% vs 2019highest in 8 years
2021: €152k▼ -24.8% vs 2020
2022: €163k▲ +6.9% vs 2021
2023: €172k▲ +5.4% vs 2022
2024: €184k▲ +7.3% vs 2023
2025: €187k▲ +1.4% vs 2024
2018 → 2025
Total assets
€222k▲ 2.0%
2024 · €218k
2018: €215k
2019: €231k▲ +7.7% vs 2018
2020: €259k▲ +11.8% vs 2019highest in 8 years
2021: €201k▼ -22.2% vs 2020lowest in 8 years
2022: €208k▲ +3.1% vs 2021
2023: €203k▼ -2.4% vs 2022
2024: €218k▲ +7.4% vs 2023
2025: €222k▲ +2.0% vs 2024
2018 → 2025
Net result
€25k▼ 28.8%
2024 · €36k
2018: €23k
2019: €23k▼ -1.1% vs 2018
2020: €40k▲ +77.6% vs 2019highest in 8 years
2021: €20k▼ -49.9% vs 2020
2022: €10k▼ -48.4% vs 2021lowest in 8 years
2023: €25k▲ +136% vs 2022
2024: €36k▲ +44.0% vs 2023
2025: €25k▼ -28.8% vs 2024
2018 → 2025
Working capital
€121k▲ 14.9%
2024 · €105k
2018: €77k
2019: €99k▲ +27.8% vs 2018
2020: €144k▲ +45.6% vs 2019highest in 8 years
2021: €94k▼ -35.0% vs 2020
2022: €73k▼ -22.2% vs 2021lowest in 8 years
2023: €88k▲ +20.8% vs 2022
2024: €105k▲ +19.3% vs 2023
2025: €121k▲ +14.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€163k▲ 6.9%€172k▲ 5.4%€184k▲ 7.3%€187k▲ 1.4%
2021: €152klowest in 5 years
2022: €163k▲ +6.9% vs 2021
2023: €172k▲ +5.4% vs 2022
2024: €184k▲ +7.3% vs 2023
2025: €187k▲ +1.4% vs 2024highest in 5 years
Operating result€32k-€16k▼ 50.6%€36k▲ 128%€49k▲ 36.3%€34k▼ 31.2%
2021: €32k
2022: €16k▼ -50.6% vs 2021lowest in 5 years
2023: €36k▲ +128% vs 2022
2024: €49k▲ +36.3% vs 2023highest in 5 years
2025: €34k▼ -31.2% vs 2024
Net result€20k-€10k▼ 48.4%€25k▲ 136%€36k▲ 44.0%€25k▼ 28.8%
2021: €20k
2022: €10k▼ -48.4% vs 2021lowest in 5 years
2023: €25k▲ +136% vs 2022
2024: €36k▲ +44.0% vs 2023highest in 5 years
2025: €25k▼ -28.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€66k ▼ 17.2%
Current assets
€155k ▲ 13.2%
Equity and liabilities €222k
Equity
€187k ▲ 1.4%
Debt
€35k ▲ 5.1%
Debt's share of the balance-sheet total rises from 15.4% to 15.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▼
2024 · €64k
Cash flow
€40k▼
2024 · €51k
Current ratio
4.46▲
2024 · 4.24
Debt to equity
0.19▲
2024 · 0.18
ROE
13.6%▼
2024 · 19.4%
ROA
11.4%▼
2024 · 16.4%
Interest coverage
140.00▲
2024 · 91.41
Debt ≤ 1 year
€35k▲
2024 · €32k
Income taxes
€10k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€218k€222k▲
Fixed assets21/28€80k€66k▼
Tangible fixed assets22/27€80k€66k▼
Land and buildings22€59k€54k▼
Furniture and vehicles24€21k€12k▼
Current assets29/58€137k€155k▲
Amounts receivable after more than one year29€52k€52k▲
Other amounts receivable291€52k€52k▲
Amounts receivable within one year40/41€15k€44k▲
Trade receivables40€11k€37k▲
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€69k€58k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€218k€222k▲
Equity10/15€184k€187k▲
Contributions10/11€12k€12k=
Reserves13€171k€174k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€160k€163k▲
Profit (loss) carried forward14€684€684=
Amounts payable17/49€33k€35k▲
Amounts payable after more than one year17€717-
Financial debts170/4€717-
Amounts payable within one year42/48€32k€35k▲
Current portion of amounts payable after more than one year42€9k€717▼
Trade debts44€2k€805▼
Suppliers440/4€2k€805▼
Taxes, remuneration and social security45€19k€26k▲
Taxes450/3€13k€17k▲
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€4k€7k▲
Accrued charges and deferred income492/3€250€250=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€66k€50k▼
Operating profit (loss)9901€49k€34k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€702€348▼
Recurring financial charges65€702€348▼
Profit (loss) for the period before taxes9903€50k€35k▼
Income taxes67/77€14k€10k▼
Profit (loss) for the period9904€36k€25k▼
Profit (loss) for the period to be appropriated9905€36k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€26k▼
Profit (loss) brought forward from the previous period14P€684€684=
Transfer from equity791/2€23k€23k▼
Transfer to equity691/2€36k€25k▼
To other reserves6921€36k€25k▼
Profit to be distributed694/7€23k€23k▼
Return on contributions (dividend)694€23k€23k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €16k | €15k | €15k | €15k | ▼ 1.0% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 18.2% |
| Gross operating margin9900 | €46k | €33k | €52k | €66k | €50k | ▼ 23.3% |
| Operating profit (loss)9901 | €32k | €16k | €36k | €49k | €34k | ▼ 31.2% |
| Financial income75/76B | €22 | €45 | €0 | €1k | €2k | ▲ 49.7% |
| Recurring financial income75 | €22 | €45 | €0 | €1k | €2k | ▲ 49.7% |
| Financial charges65/66B | €1k | €832 | €881 | €702 | €348 | ▼ 50.5% |
| Recurring financial charges65 | €1k | €832 | €881 | €702 | €348 | ▼ 50.5% |
| Profit (loss) for the period before taxes9903 | €31k | €15k | €35k | €50k | €35k | ▼ 29.0% |
| Income taxes67/77 | €11k | €5k | €10k | €14k | €10k | ▼ 29.4% |
| Profit (loss) for the period9904 | €20k | €10k | €25k | €36k | €25k | ▼ 28.8% |
| Transfer from tax-exempt reserves789 | €7k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €28k | €10k | €25k | €36k | €25k | ▼ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201k | €208k | €203k | €218k | €222k | ▲ 2.0% |
| Fixed assets21/28 | €85k | €108k | €93k | €80k | €66k | ▼ 17.2% |
| Intangible fixed assets21 | €890 | €151 | - | - | - | - |
| Tangible fixed assets22/27 | €84k | €108k | €93k | €80k | €66k | ▼ 17.2% |
| Land and buildings22 | €74k | €69k | €64k | €59k | €54k | ▼ 8.5% |
| Plant, machinery and equipment23 | €4k | €264 | - | - | - | - |
| Furniture and vehicles24 | €6k | €38k | €29k | €21k | €12k | ▼ 41.9% |
| Current assets29/58 | €117k | €100k | €110k | €137k | €155k | ▲ 13.2% |
| Amounts receivable after more than one year29 | - | - | - | €52k | €52k | ▲ 1.4% |
| Other amounts receivable291 | - | - | - | €52k | €52k | ▲ 1.4% |
| Amounts receivable within one year40/41 | €21k | €40k | €39k | €15k | €44k | ▲ 184% |
| Trade receivables40 | €17k | €36k | €37k | €11k | €37k | ▲ 239% |
| Other amounts receivable41 | €5k | €4k | €2k | €5k | €7k | ▲ 54.4% |
| Cash at bank and in hand54/58 | €94k | €55k | €69k | €69k | €58k | ▼ 16.2% |
| Deferred charges and accrued income490/1 | €732 | €4k | €2k | €1k | €1k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201k | €208k | €203k | €218k | €222k | ▲ 2.0% |
| Equity10/15 | €152k | €163k | €172k | €184k | €187k | ▲ 1.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €139k | €150k | €158k | €171k | €174k | ▲ 1.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €9k | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | €128k | €139k | €147k | €160k | €163k | ▲ 1.6% |
| Profit (loss) carried forward14 | €684 | €684 | €684 | €684 | €684 | = |
| Amounts payable17/49 | €49k | €45k | €31k | €33k | €35k | ▲ 5.1% |
| Amounts payable after more than one year17 | €26k | €18k | €9k | €717 | - | - |
| Financial debts170/4 | €26k | €18k | €9k | €717 | - | - |
| Amounts payable within one year42/48 | €23k | €27k | €22k | €32k | €35k | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €8k | €9k | €717 | ▼ 91.6% |
| Trade debts44 | €3k | €1k | €1k | €2k | €805 | ▼ 53.1% |
| Suppliers440/4 | €3k | €1k | €1k | €2k | €805 | ▼ 53.1% |
| Taxes, remuneration and social security45 | €12k | €17k | €9k | €19k | €26k | ▲ 40.9% |
| Taxes450/3 | €10k | €15k | €7k | €13k | €17k | ▲ 27.1% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €5k | €9k | ▲ 75.5% |
| Other amounts payable47/48 | - | - | €3k | €4k | €7k | ▲ 97.3% |
| Accrued charges and deferred income492/3 | €250 | €250 | €250 | €250 | €250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €10k | €25k | €36k | €25k | ▼ 28.8% |
| + Depreciation and write-downs630 | €13k | €16k | €15k | €15k | €15k | ▼ 1.0% |
| Operating cash flow (approximation) | €33k | €26k | €39k | €51k | €40k | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | €-39k | €0 | €-2k | €-1k | ▲ 49.9% |
| Change in cash | - | €-39k | €13k | €234 | €-11k | ▼ 4,870% |
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
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €10k ▼48.4%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €40k ▲77.6%
Operating result €61k, net result €40k, both a record.
31-12
Financial
Equity above €200kEq €203k ▲25%
3 profitable years in a row build equity to €203k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €162k ▲16.4%
2 profitable years in a row build equity to €162k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2011
Ground area
2,858 m²
Building footprint
1,704 m²
Volume, LiDAR
42,680 m³
2 parcels, Flanders · tallest building 36.4 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Timmerkoen
since 20112.203.703.903
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0052/00X002 | Flanders | 2,315 m² | 1 · 1,571 m² | 36.4 m · 10 fl. |
| 44432C0340/00L000 | Flanders | 543 m² | 1 · 133 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,293 companies in sector 74120 we hold annual accounts for 1,011. 709 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
59111Production of cinema films
59113Video and film production, excluding cinema and television films
Scores and ratios are computed by Checked and are not a credit decision.