TIMMO
ActiveSummary
TIMMO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433,550 and a net result of -€167,696. Equity is growing by ~17.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-13
Solvency46▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46 against 5.11 in 2024; short-term debt: 67.8% and cash: 17.8% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€167,696
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
51 d early
2023
on the day
2022
3 d early
2021
4 d early
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€433,550▼ 27.9%
2024 · €601,247
Total assets
€2.0m▼ 14.2%
2024 · €2.4m
Net result
-€167,696▼ 315%
2024 · -€40,415
Working capital
€645,503▼ 66.1%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€335,459▲ 211%€159,098▼ 52.6%€68,098▼ 57.2%€67,533▼ 0.8%-€86,934
Net result€237,348▲ 243%€86,779▼ 63.4%-€12,121-€40,415▼ 233%-€167,696▼ 315%
Equity€567,004▲ 72.0%€653,782▲ 15.3%€641,662▼ 1.9%€601,247▼ 6.3%€433,550▼ 27.9%
Total assets€2.5m▲ 69.8%€3.3m▲ 31.2%€3.5m▲ 6.0%€2.4m▼ 31.7%€2.0m▼ 14.2%
Debt€1.9m▲ 69.2%€2.6m▲ 35.8%€2.9m▲ 8.0%€1.8m▼ 37.4%€1.6m▼ 9.6%
Working capital€1.4m▲ 219%€1.9m▲ 34.4%€2.3m▲ 24.4%€1.9m▼ 17.8%€645,503▼ 66.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -315% on 2024. Cause not known from the registers.
- 2022 Net result -63% on 2021. Cause not known from the registers.
- 2021 Net result +243%, Equity +72%, Total assets +70% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €86,934 after €67,533 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€14,047 ▼ 30.5%
Current assets
€2.0m ▼ 14.1%
Equity and liabilities €2.0m
Equity
€433,550 ▼ 27.9%
Debt
€1.6m ▼ 9.6%
Debt's share of the balance-sheet total rises from 74.8% to 78.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€80,782▼
2024 · €72,902
Cash flow
-€161,545▼
2024 · -€35,046
Current ratio
1.46▼
2024 · 5.11
Quick ratio
0.26▲
2024 · 0.04
Debt to equity
3.73▲
2024 · 2.97
ROE
-38.7%▼
2024 · -6.7%
ROA
-8.2%▼
2024 · -1.7%
Interest coverage
-1.00▼
2024 · 0.68
Debt ≤ 1 year
€1.4m▲
2024 · €463,283
Debt > 1 year
€226,000▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,501 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €194,371 | - | €16,561 | €67,145 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,630 | €20,030 | €15,793 | €5,369 | €6,152 | ▲ 14.6% |
| Other operating charges640/8 | €1,365 | €161,294 | €49,281 | €46,911 | €41,859 | ▼ 10.8% |
| Gross operating margin9900 | €353,454 | €340,422 | €133,172 | €119,813 | -€38,923 | ▼ 132% |
| Operating profit (loss)9901 | €335,459 | €159,098 | €68,098 | €67,533 | -€86,934 | ▼ 229% |
| Financial income75/76B | - | €4 | €118 | €1 | €0 | ▼ 58.8% |
| Recurring financial income75 | - | €4 | €118 | €1 | €0 | ▼ 58.8% |
| Financial charges65/66B | €18,792 | €28,267 | €80,337 | €107,949 | €80,763 | ▼ 25.2% |
| Recurring financial charges65 | €18,792 | €28,267 | €80,337 | €107,949 | €80,763 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | €316,667 | €130,836 | -€12,121 | -€40,415 | -€167,696 | ▼ 315% |
| Income taxes67/77 | €79,319 | €44,057 | - | - | - | - |
| Profit (loss) for the period9904 | €237,348 | €86,779 | -€12,121 | -€40,415 | -€167,696 | ▼ 315% |
| Profit (loss) for the period to be appropriated9905 | €237,348 | €86,779 | -€12,121 | -€40,415 | -€167,696 | ▼ 315% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.3m | €3.5m | €2.4m | €2.0m | ▼ 14.2% |
| Fixed assets21/28 | €495,181 | €483,878 | €373,834 | €20,199 | €14,047 | ▼ 30.5% |
| Tangible fixed assets22/27 | €495,181 | €483,878 | €373,834 | €20,199 | €14,047 | ▼ 30.5% |
| Land and buildings22 | €478,932 | €463,699 | €357,811 | - | - | - |
| Plant, machinery and equipment23 | €77 | - | - | €2,554 | €2,113 | ▼ 17.3% |
| Furniture and vehicles24 | €16,172 | €20,179 | €16,023 | €17,645 | €11,934 | ▼ 32.4% |
| Current assets29/58 | €2.0m | €2.8m | €3.1m | €2.4m | €2.0m | ▼ 14.1% |
| Stocks and contracts in progress3 | €1.8m | €2.7m | €3.1m | €2.4m | €1.7m | ▼ 29.0% |
| Stocks30/36 | €1.8m | €2.7m | €3.1m | €2.4m | €1.7m | ▼ 29.0% |
| Amounts receivable within one year40/41 | €10,681 | €107 | €107 | €107 | €111 | ▲ 3.8% |
| Trade receivables40 | - | - | - | - | €4 | - |
| Other amounts receivable41 | €10,681 | €107 | €107 | €107 | €107 | = |
| Cash at bank and in hand54/58 | €167,426 | €135,325 | €35,481 | €16,327 | €365,838 | ▲ 2,141% |
| Deferred charges and accrued income490/1 | €363 | €727 | - | - | €363 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.3m | €3.5m | €2.4m | €2.0m | ▼ 14.2% |
| Equity10/15 | €567,004 | €653,782 | €641,662 | €601,247 | €433,550 | ▼ 27.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €84,600 | €171,379 | €171,379 | €171,379 | €171,379 | = |
| Non-distributable reserves130/1 | €9,600 | €9,600 | €9,600 | - | - | - |
| Reserves not available under the articles1311 | €9,600 | €9,600 | €9,600 | - | - | - |
| Distributable reserves133 | €75,000 | €161,779 | €161,779 | €171,379 | €171,379 | = |
| Profit (loss) carried forward14 | €463,804 | €463,804 | €451,683 | €411,268 | €243,572 | ▼ 40.8% |
| Amounts payable17/49 | €1.9m | €2.6m | €2.9m | €1.8m | €1.6m | ▼ 9.6% |
| Amounts payable after more than one year17 | €1.3m | €1.7m | €2.1m | €1.3m | €226,000 | ▼ 82.9% |
| Financial debts170/4 | €1.3m | €1.7m | €2.1m | €1.3m | €226,000 | ▼ 82.9% |
| Amounts payable within one year42/48 | €632,417 | €951,164 | €806,383 | €463,283 | €1.4m | ▲ 200% |
| Current portion of amounts payable after more than one year42 | €20,764 | €21,211 | €10,614 | - | - | - |
| Financial debts43 | - | - | - | - | €774,302 | - |
| Credit institutions430/8 | - | - | - | - | €774,302 | - |
| Trade debts44 | €18,112 | €101,622 | €65,792 | €7,109 | - | - |
| Suppliers440/4 | €18,112 | €101,622 | €65,792 | €7,109 | - | - |
| Taxes, remuneration and social security45 | €25,720 | €45,672 | €48,035 | €5,067 | €5,612 | ▲ 10.7% |
| Taxes450/3 | €25,720 | €45,672 | €48,035 | €5,067 | €5,612 | ▲ 10.7% |
| Other amounts payable47/48 | €567,820 | €782,659 | €681,942 | €451,107 | €610,393 | ▲ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €237,348 | €86,779 | -€12,121 | -€40,415 | -€167,696 | ▼ 315% |
| + Depreciation and write-downs630 | €16,630 | €20,030 | €15,793 | €5,369 | €6,152 | ▲ 14.6% |
| Operating cash flow (approximation) | €253,978 | €106,808 | €3,672 | -€35,046 | -€161,545 | ▼ 361% |
| Investment in fixed assets (approximation) | - | -€8,727 | €94,251 | €348,266 | €0 | ▼ 100% |
| Change in cash | - | -€32,101 | -€99,843 | -€19,154 | €349,511 | ▲ 1,925% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€167,696
Net result drops to -€167,696, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €237,348 ▲243%
Operating result €335,459, net result €237,348, both a record.
31-12
Financial
Equity above €500,000Eq €567,004 ▲72%
3 profitable years in a row build equity to €567,004.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 0.97 to 2.72; short-term debt falls from €494,679 to €253,516.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €42,933
Net result €42,933 after one loss-making year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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 10 acts read
About the unread acts
We know of 10 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
10 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, Tienen · 1 establishment unit since 2006
Ground area
1,112 m²
Building footprint
372 m²
Volume, LiDAR
2,651 m³
2 parcels, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Timmo
since 20062.154.407.810
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24041C0401/00P000 | Flanders | 1,004 m² | 1 · 266 m² | 9.6 m · 2 fl. |
| 24593H0273/00B000 | Flanders | 108 m² | 1 · 107 m² | 13.5 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879930748
Also
9925:BE0879930748
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.