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TIMMERMAN

Active
Public limited companyfounded 1988active for 38 yearsGalgeveld 37, 8730 Beernem, BelgiumKBO/BCE: BE 0435.087.560
Summary

TIMMERMAN has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341,374 and a net result of -€197,830. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 46% of 11,213 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
TIMMERMANActiveChecked score 78/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110
7th oldest company in Beernem, Real estate sector1 site
Size
≈ €170,000turnover 2025, estimated
Equity
€341,374
Loss
-€197,830
Turnover estimated from the gross margin
Financial health
78 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Holdings
2
2025 accounts 4 days early2 of 4 deeds summarised
Why 78raises riskLiquidity: current ratio 0.01, cash €1,052, halvedLoss of €197,830 (financial year 2025)lowers riskSize: total assets €1.3mFounded in 1988Show the evidence

Checked score

Score 2025
78 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 20% of its sector peers (NACE 68, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 52-13
equity 26.6% of total assets
Liquidity 18-5
short-term debt 61.5% · cash 0.1%
Profitability 0-74
return on assets -15.4%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,631 companies, NACE 68, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: 0.1%▲ +0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.6%● unchanged vs 08-2026highest value 10-2026: 0.6%● unchanged vs 09-2026highest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.01, compared with 1.68 in 2024, below 1; short-term debt: 61.5% and cash: 0.1% of total assets), and 73.4% 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 68, micro): better than 46% on solvency, 15% on liquidity, 4% on profitability and 15% on growth.

The bankruptcy probability was computed on 29-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.01, cash €1,052, halved
NBB · annual accounts
raises risk · Loss of €197,830 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €1.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
2 days early
2023
29 days early
2022
4 days late
2021
30 days early
2020
10 days late
2019
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€197,830
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: From profit to loss in 2025after €53,153 in 2024 -€197,830 View
  • Caution: Among the weakest 7% on net resultsector median €10,062 · 11,204 companies -€197,830 View
  • Active since 1988founded 22-08-1988 38 years View

By topic

Financials

Financial year
2025
Total assets
€1.3m
Loss
-€197,830
Solvency
26.6%
Total assets▼ 5.1%
Net result
20182025
Go to Financials

Timeline

Events
43
Since
1990
Next accounts
by 31-07-2027
  1. 27-02-2025Reappointment: Jean-Pierre Timmerman (bestuurder)
  2. 31-12-2024Equity above €500,000
  3. 02-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
22-08-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
35
Who signs
The sole director
Annual meeting
Last Saturday of June at 11:00
Purpose
“Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het…” (deed in Dutch)
Go to Articles of association

Key facts about TIMMERMAN

What is the company number of TIMMERMAN?
0435.087.560. In Belgium the VAT number is the company number with BE in front: BE 0435.087.560.
Where is TIMMERMAN based?
The registered office is at Galgeveld 37, 8730 Beernem.Company details
What does TIMMERMAN do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of TIMMERMAN?
Public limited company (NV).
When was TIMMERMAN founded?
On 22-08-1988.
Is TIMMERMAN still active?
Yes, TIMMERMAN is an active enterprise in the KBO register.
What is the turnover of TIMMERMAN?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is TIMMERMAN profitable?
In financial year 2025, TIMMERMAN made a loss of €197,830.
Where can I find the annual accounts of TIMMERMAN?
TIMMERMAN filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TIMMERMAN due?
By 31-07-2027, for financial year 2026.Timeline

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