TIMMERMAN VERKOOP
ActiveSummary
TIMMERMAN VERKOOP has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.42M and a net result of €-662k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 80% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-51
Solvency93=
Growth34▼-33
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 2.89 in 2024; short-term debt: 30.6% and cash: 15.4% of total assets), and 31.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Sector 43
higher
← 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
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
68.5%
Return on assets
-18.7%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
48 d early
2023
70 d early
2022
108 d late
2021
71 d late
2020
6 d late
2019
61 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.49M▼ 17.6%
2024 · €24.86M
2018: €19.52M
2019: €21.09M
2020: €21.63M
2021: €21.41M
2022: €22.71M
2023: €25.12M
2024: €24.86M
2018 → 2025
EBIT margin
-3.0%▼ 3.5pp
2024 · 0.4%
2018: 0.6%
2019: 0.9%
2020: 1.5%
2021: 0.6%
2022: 0.5%
2023: 1.0%
2024: 0.4%
2018 → 2025
Net result
€-662k
2024 · €27k
2018: €11k
2019: €72k
2020: €203k
2021: €49k
2022: €32k
2023: €138k
2024: €27k
2018 → 2025
Working capital
€2.12M▼ 20.2%
2024 · €2.65M
2018: €2.28M
2019: €2.49M
2020: €2.65M
2021: €2.65M
2022: €2.66M
2023: €2.70M
2024: €2.65M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.41M-€22.71M▲ 6.1%€25.12M▲ 10.6%€24.86M▼ 1.0%€20.49M▼ 17.6%
Equity€2.92M-€2.96M▲ 1.1%€3.06M▲ 3.5%€3.08M▲ 0.7%€2.42M▼ 21.5%
Operating result€129k-€116k▼ 9.8%€249k▲ 114%€106k▼ 57.6%€-623k
Net result€49k-€32k▼ 34.5%€138k▲ 335%€27k▼ 80.2%€-662k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €623k after €106k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.53M
Fixed assets
€336k ▼ 31.5%
Current assets
€3.20M ▼ 21.1%
Equity and liabilities €3.53M
Equity
€2.42M ▼ 21.5%
Provisions
€30k =
Debt
€1.08M ▼ 24.3%
Debt's share of the balance-sheet total falls from 31.5% to 30.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-424k▼
2024 · €307k
Cash flow
€-464k▼
2024 · €228k
Current ratio
2.96▲
2024 · 2.89
Quick ratio
2.96▲
2024 · 2.89
Debt to equity
0.45▼
2024 · 0.46
ROE
-27.4%▼
2024 · 0.9%
ROA
-18.7%▼
2024 · 0.6%
Interest coverage
-158.78▼
2024 · 99.55
Debt ≤ 1 year
€1.08M▼
2024 · €1.40M
Income taxes
€3k▼
2024 · €44k
Staff costs
€4.28M▼
2024 · €4.44M
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 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.55M€3.53M▼
Fixed assets21/28€491k€336k▼
Tangible fixed assets22/27€490k€336k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€388k€314k▼
Leasing and similar rights25€63k€21k▼
Other tangible fixed assets26€37k-
Financial fixed assets28€400€400=
Other financial fixed assets284/8€400€400=
Amounts receivable and cash guarantees285/8€400€400=
Current assets29/58€4.05M€3.20M▼
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Raw materials and consumables30/31€7k€5k▼
Amounts receivable within one year40/41€3.46M€2.45M▼
Trade receivables40€3.24M€2.27M▼
Other amounts receivable41€219k€180k▼
Cash at bank and in hand54/58€390k€544k▲
Deferred charges and accrued income490/1€200k€196k▼
Equity and liabilities
Total equity and liabilities10/49€4.55M€3.53M▼
Equity10/15€3.08M€2.42M▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€2.99M€2.33M▼
Provisions and deferred taxes16€30k€30k=
Provisions for liabilities and charges160/5€30k€30k=
Major repairs and maintenance162€30k€30k=
Amounts payable17/49€1.43M€1.08M▼
Amounts payable after more than one year17€29k-
Financial debts170/4€29k-
Leasing and similar obligations172€29k-
Amounts payable within one year42/48€1.40M€1.08M▼
Current portion of amounts payable after more than one year42€42k€29k▼
Trade debts44€825k€648k▼
Suppliers440/4€825k€648k▼
Taxes, remuneration and social security45€496k€364k▼
Taxes450/3€117k€4k▼
Remuneration and social security454/9€378k€359k▼
Other amounts payable47/48€40k€40k=
Accrued charges and deferred income492/3€1k€4k▲
Income statement
Code20242025
Operating income70/76A€26.10M€21.10M▼
Turnover70€24.86M€20.49M▼
Other operating income74€1.24M€619k▼
Operating charges60/66A€25.99M€21.73M▼
Goods for resale, raw materials and consumables60€20.29M€16.20M▼
Purchases600/8€20.29M€16.19M▼
Change in stocks: decrease (increase)609€4k€2k▼
Services and other goods61€1.02M€999k▼
Remuneration, social security and pensions62€4.44M€4.28M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€198k▼
Other operating charges640/8€46k€48k▲
Non-recurring operating charges66A-€1k
Operating profit (loss)9901€106k€-623k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Income from current assets751-€283
Other financial income752/9€3k€4k▲
Financial charges65/66B€38k€40k▲
Recurring financial charges65€38k€34k▼
Debt charges650€3k€3k▼
Other financial charges652/9€35k€31k▼
Non-recurring financial charges66B-€7k
Profit (loss) for the period before taxes9903€71k€-659k▼
Income taxes67/77€44k€3k▼
Taxes670/3€44k€3k▼
Profit (loss) for the period9904€27k€-662k▼
Profit (loss) for the period to be appropriated9905€27k€-662k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.99M€2.33M▼
Profit (loss) brought forward from the previous period14P€2.97M€2.99M▲
Profit to be distributed694/7€5k-
Directors or managers695€5k-
Social balance
Average headcount (FTE)908755.354.2▼
The notes to these accounts (53 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-662k ▼2517%
Net result drops to €-662k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 108 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 71 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Highest result since 2018net €203k ▲182%
Operating result €330k, net result €203k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Maldegem · 1 establishment unit since 1994
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.
Kleitkalseide 409990 MaldegemGround area
2.0 ha
Building footprint
1,297 m²
Volume, LiDAR
6,828 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TIMMERMAN-VERKOOPKANTOOR NV
since 19942.069.357.913
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. |
| 43010C0907/00Y000 | Flanders | 216 m² | 1 · 73 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 39,206 EUR awarded · 39,263 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 11,601 EUR | 11,601 EUR |
| 2024 | 3 | 12,607 EUR | 12,607 EUR |
| 2023 | 2 | 8,749 EUR | 8,806 EUR |
| 2022 | 2 | 6,249 EUR | 6,249 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
2 categoriesTIMMERMAN VERKOOP NV25368
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 2,470 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.