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TIMMERMAN TIMBRE

Active
Public limited companyfounded 20241 yr activeKleitkalseide 40, 9990 Maldegem, BelgiumKBO/BCE: BE 1017.726.671
Summary

TIMMERMAN TIMBRE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€75,922) and a net result of -€137,422. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes
Profitability0
Solvency10
Growth-
Track record67
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61; short-term debt: 110.8% and cash: 13% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 16-06-2026, 45 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
45 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 December 2024, TIMMERMAN TIMBRE was incorporated as a Public limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€137,422
Working capital
-€215,022
Balance-sheet composition
Assets €495,633
Fixed assets €161,536
Current assets €334,098
Equity and liabilities
Equity-€75,922
Debt€571,556
Equity is negative: debt (€571,556) exceeds the balance-sheet total (€495,633).
Key figures and ratios
2025 value
EBITDA
-€83,299
Cash flow
-€105,522
Solvency
-15.3%
Current ratio
0.61
Quick ratio
0.58
ROA
-27.7%
Interest coverage
-3.49
Debt
€571,556
Debt ≤ 1 year
€549,120
Staff costs
€32,612
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90% still going

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 1,322 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€495,633
Fixed assets21/28€161,536
Intangible fixed assets21€24,906
Tangible fixed assets22/27€125,380
Land and buildings22€4,184
Plant, machinery and equipment23€121,196
Financial fixed assets28€11,250
Current assets29/58€334,098
Stocks and contracts in progress3€16,289
Stocks30/36€16,289
Amounts receivable within one year40/41€247,165
Trade receivables40€210,954
Other amounts receivable41€36,211
Cash at bank and in hand54/58€64,318
Deferred charges and accrued income490/1€6,327
Equity and liabilities
Total equity and liabilities10/49€495,633
Equity10/15-€75,922
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€137,422
Amounts payable17/49€571,556
Amounts payable within one year42/48€549,120
Trade debts44€184,084
Suppliers440/4€184,084
Taxes, remuneration and social security45€5,386
Taxes450/3€137
Remuneration and social security454/9€5,249
Other amounts payable47/48€359,650
Accrued charges and deferred income492/3€22,435
Income statement Code2025
Remuneration, social security and pensions62€32,612
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,900
Other operating charges640/8€3,033
Gross operating margin9900-€47,654
Operating profit (loss)9901-€115,199
Financial income75/76B€1,616
Recurring financial income75€1,616
Financial charges65/66B€23,838
Recurring financial charges65€23,838
Profit (loss) for the period before taxes9903-€137,422
Profit (loss) for the period9904-€137,422
Profit (loss) for the period to be appropriated9905-€137,422
Appropriation of the result
Profit (loss) to be appropriated9906-€137,422
Social balance
Average headcount (FTE)90870.4

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€32,612
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,900
Other operating charges640/8€3,033
Gross operating margin9900-€47,654
Operating profit (loss)9901-€115,199
Financial income75/76B€1,616
Recurring financial income75€1,616
Financial charges65/66B€23,838
Recurring financial charges65€23,838
Profit (loss) for the period before taxes9903-€137,422
Profit (loss) for the period9904-€137,422
Profit (loss) for the period to be appropriated9905-€137,422
Line2025
Assets
Total assets20/58€495,633
Fixed assets21/28€161,536
Intangible fixed assets21€24,906
Tangible fixed assets22/27€125,380
Land and buildings22€4,184
Plant, machinery and equipment23€121,196
Financial fixed assets28€11,250
Current assets29/58€334,098
Stocks and contracts in progress3€16,289
Stocks30/36€16,289
Amounts receivable within one year40/41€247,165
Trade receivables40€210,954
Other amounts receivable41€36,211
Cash at bank and in hand54/58€64,318
Deferred charges and accrued income490/1€6,327
Equity and liabilities
Total equity and liabilities10/49€495,633
Equity10/15-€75,922
Contributions10/11€61,500
Capital10€61,500
Issued capital100€61,500
Profit (loss) carried forward14-€137,422
Amounts payable17/49€571,556
Amounts payable within one year42/48€549,120
Trade debts44€184,084
Suppliers440/4€184,084
Taxes, remuneration and social security45€5,386
Taxes450/3€137
Remuneration and social security454/9€5,249
Other amounts payable47/48€359,650
Accrued charges and deferred income492/3€22,435
Line2025
Profit (loss) for the period9904-€137,422
+ Depreciation and write-downs630€31,900
Operating cash flow (approximation)-€105,522

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
16-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
2.2 ha
Building footprint
2,805 m²
Volume, LiDAR
6,253 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Timbre by Timmerman
Aalterbaan 183, 9990 MaldegemManufacture of metal structures and parts of structures
since 20252.367.962.218
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43010C0908/00A002 Flanders 2.0 ha 1 · 1,224 m² 8.7 m · 2 fl.
43502D0451/00F002 Flanders 2,392 m² 1 · 1,581 m² -
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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

The National Bank holds 1 filing for this company, but none with figures Checked can read, so a size comparison is not possible. These companies share only the sector and the region. Of 20,017 companies in this sector we hold annual accounts for 9,142. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded20-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
25110Manufacture of metal structures and parts of structures
43240Other construction installation
Contact
E-mail info@timmerman.beMaldegem
Phone 050/712681Maldegem
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017726671
Also 9925:BE1017726671

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.