TIMMERMAN
ActiveTIMMERMAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €-198k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 45% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
12
/ 100
Critical▼ -57 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-49
Solvency29▼-48
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 1.68 in 2024), and 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
29 d early
2022
4 d late
2021
30 d early
2020
10 d late
2019
25 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€341k▼ 36.7%
2024 · €539k
2018: €253k
2019: €266k
2020: €296k
2021: €411k
2022: €428k
2023: €486k
2024: €539k
2018 → 2025
Total assets
€1.29M▼ 5.1%
2024 · €1.35M
2018: €324k
2019: €335k
2020: €368k
2021: €905k
2022: €1.56M
2023: €1.54M
2024: €1.35M
2018 → 2025
Net result
€-198k
2024 · €53k
2018: €11k
2019: €13k
2020: €30k
2021: €114k
2022: €17k
2023: €58k
2024: €53k
2018 → 2025
Working capital
€-779k
2024 · €502k
2018: €133k
2019: €157k
2020: €189k
2021: €706k
2022: €914k
2023: €378k
2024: €502k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€411k-€428k▲ 4.2%€486k▲ 13.7%€539k▲ 10.9%€341k▼ 36.7%
Operating result€11k-€23k▲ 118%€100k▲ 338%€35k▼ 65.1%€-233k
Net result€114k-€17k▼ 85.1%€58k▲ 243%€53k▼ 9.1%€-198k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €233k after €35k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€1.27M▲ 1,041%
Current assets
€11k▼ 99.1%
Equity and liabilities €1.29M
Equity
€341k▼ 36.7%
Debt
€944k▲ 15.8%
The debt ratio rises from 60.2% to 73.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-194k▼
2024 · €38k
Cash flow
€-158k▼
2024 · €56k
Solvency
26.6%▼
2024 · 39.8%
Current ratio
0.01▼
2024 · 1.68
Quick ratio
0.01▼
2024 · 0.06
Debt / equity
2.77▲
2024 · 1.51
ROE
-58.0%▼
2024 · 9.9%
ROA
-15.4%▼
2024 · 3.9%
Interest coverage
-17.51▼
2024 · 17.72
Debt
€944k▲
2024 · €815k
Debt ≤ 1 year
€790k▲
2024 · €741k
Debt > 1 year
€150k▲
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.29M▼
Fixed assets21/28€112k€1.27M▲
Tangible fixed assets22/27€65k€1.23M▲
Land and buildings22€56k€1.22M▲
Furniture and vehicles24€9k€8k▼
Financial fixed assets28€47k€47k=
Current assets29/58€1.24M€11k▼
Stocks and contracts in progress3€1.20M-
Stocks30/36€1.20M-
Amounts receivable within one year40/41€22k€5k▼
Other amounts receivable41€22k€5k▼
Cash at bank and in hand54/58€14k€1k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.29M▼
Equity10/15€539k€341k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€439k€439k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€429k€429k=
Profit (loss) carried forward14-€-198k
Amounts payable17/49€815k€944k▲
Amounts payable after more than one year17€70k€150k▲
Financial debts170/4€70k€150k▲
Other amounts payable178/9€260€260=
Amounts payable within one year42/48€741k€790k▲
Current portion of amounts payable after more than one year42-€38k
Financial debts43€108€108=
Credit institutions430/8€108€108=
Trade debts44€2k€105▼
Suppliers440/4€2k€105▼
Taxes, remuneration and social security45€44k€17k▼
Taxes450/3€44k€17k▼
Other amounts payable47/48€694k€735k▲
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€39k▲
Other operating charges640/8€20k€262k▲
Non-recurring operating charges66A€148-
Gross operating margin9900€59k€68k▲
Operating profit (loss)9901€35k€-233k▼
Financial income75/76B€36k€47k▲
Recurring financial income75€36k€47k▲
Financial charges65/66B€2k€12k▲
Recurring financial charges65€2k€11k▲
Non-recurring financial charges66B-€700
Profit (loss) for the period before taxes9903€69k€-198k▼
Income taxes67/77€16k-
Profit (loss) for the period9904€53k€-198k▼
Profit (loss) for the period to be appropriated9905€53k€-198k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-198k▼
Transfer to equity691/2€53k-
To other reserves6921€53k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-198k ▼472%
Net result drops to €-198k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €539k ▲10.9%
7 profitable years in a row build equity to €539k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €114k ▲282%
Net result €114k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 8.69
Current ratio from 3.70 to 8.69.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
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.
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, Beernem · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Galgeveld 378730 BeernemGround area
1,425 m²
Building footprint
205 m²
Volume, LiDAR
1,350 m³
Parcel 31028D0136/00V002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Galgeveld 37, 8730 Beernem
since 19882.040.233.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31028D0136/00V002 | Flanders | 1,425 m² | 1 · 205 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Par Terre Woonprojecten
BE 0692.516.850
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HOPSON ET CIE
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 3,804 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-08-1988
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.