Debts
€416,416 100% of the balance sheet
TIMMO
Overview
Lifetime
1 annual account with figurespeak -€1,946 (2025)
-€1,946
lowest -€2,900 (2025)
-€2,900
peak €1,600 (2025)
€1,600
€416,416
Board3 names since 2024
3 directorsAZOUAGH Abdelhamid and 2 others
Documentsfilings and deeds
16-10-202677 days late
2025micro format
Loss of €2,900First year with figures
Key points
from the 2025 annual accountsStarting capital
€4,500 1,500 shares
2025 accounts filed 77 days after the deadlineTurnover not published (micro format)
Checked score
52
Fair
Financially stronger than 18% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 0.7%lowest value
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.9%▲ +0.9 percentage points vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 77 days late; 1 of the last 3 accounts late
Liquidity: current ratio 1.00, cash €427
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €418,016
Calculation
The band follows from the bankruptcy probability. 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). It does better than 20% of them on solvency, 2% on liquidity and 31% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 280 companies had the same profile as TIMMO has now. Each dot is one company, two years later.
95.7%
were still trading
3.2%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of TIMMO itself is higher: 1.9% within 12 months. It rests on far more data about TIMMO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 280 companies, not a prediction for TIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 17194 sector peers (2025).
NBB · sector comparisonPosition among 17194 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
77 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- BENAARAB Abdezzahir 500 sharesdeed of 22-11-2024
- AZOUAGH Mohamed 500 sharesdeed of 22-11-2024
- AZOUAGH Abdelhamid 500 sharesdeed of 22-11-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016441818
Incorporation
Founding capital of €4,500, 1,500 shares · Founders: BENAARAB Abdezzahir, AZOUAGH Mohamed and AZOUAGH Abdelhamid · Appointments: BENAARAB Abdezzahir, AZOUAGH Mohamed and AZOUAGH Abdelhamid · published on 22-11-2024 · Gazette deed
First establishment
Leuvensesteenweg 906, Evere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIMMO Evere | €418,016 | -€1,946 | 0.4% | - |
| SÜBER IMMOBILIERE Uccle | €408,077 | -€21,317 | -18.2% | - |
| Happy Koala Chaumont-Gistoux | €420,413 | -€794 | -5.9% | - |
| MILAX Liège | €402,862 | -€6,033 | -5.2% | - |
| ZYS Immo Kortenaken | €435,312 | -€527 | 0.2% | - |
| CHRISKEL Beringen | €433,602 | -€12,048 | 65.0% | - |
| FENLOR Erpe-Mere | €398,746 | -€17,247 | 1.8% | - |
These companies have the same main activity as TIMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €399,000 and €435,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 20-11-2024Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Establishment unit
- 2.366.526.8161140 Evere, since 20-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Insights on TIMMO
The computed 12-month bankruptcy probability of TIMMO is 1.9% (moderate). The 2025 annual accounts show equity of €1,600 and a net result of -€2,900.
Its solvency ranks better than 21% of 17,194 sector peers (NACE 68, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 16-10-2026, 77 days late-€1,946
-€2,874
-€2,900
€1,600
0.4%
1.00
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €418,016 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
0.4%
Higher than 21% of 17,194 companies in 2025.
1.00
Higher than 45% of 16,491 companies in 2025.
-0.7%
Higher than 32% of 16,870 companies in 2025.
TIMMO
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
418,016 | |
29/58 |
418,016 | |
3 |
417,408 | |
30/36 |
417,408 | |
40/41 |
181 | |
41 |
181 | |
54/58 |
427 | |
| Balance sheet: equity and liabilities | ||
10/49 |
418,016 | |
10/15 |
1,600 | |
10/11 |
4,500 | |
14 |
-2,900 | |
17/49 |
416,416 | |
42/48 |
416,416 | |
44 |
37 | |
440/4 |
37 | |
47/48 |
416,379 | |
| Income statement | ||
9900 |
-1,946 | |
640/8 |
927 | |
9901 |
-2,874 | |
65/66B |
26 | |
65 |
26 | |
9903 |
-2,900 | |
9904 |
-2,900 | |
9905 |
-2,900 | |
| Appropriation of the result | ||
9906 |
-2,900 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 77 days after the deadline. Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00561154.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-10-2026 | 2026-00561154 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 1,600 | ||
| 0.4% | ||
| 1.00 | ||
| 0.00 | ||
| -181.2% | ||
| -0.7% |
A ratio outside any meaningful range has been withheld (balance sheet total €418,016, equity €1,600).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on TIMMO
Debt's share of the balance-sheet total is 99.6%.
Board & ownership
Board
3 directors, since incorporationDirector (not named in the articles)
appointed by deed of 22-11-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 16-10-2026
Director (not named in the articles)
appointed by deed of 22-11-2024
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 16-10-2026
Director (not named in the articles)
appointed by deed of 22-11-2024
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 16-10-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 22-11-2024
Mandates through the years
3 names, the dashed line is todayAZOUAGH Abdelhamid
Director (not named in the articles)
Director (not named in the articles)
AZOUAGH Mohamed
Director (not named in the articles)
Director (not named in the articles)
BENAARAB Abdezzahir
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- AZOUAGH Abdelhamid
- Director (not named in the articles), appointed by deed of 22-11-2024, still in office
- AZOUAGH Mohamed
- Director (not named in the articles), appointed by deed of 22-11-2024, still in office
- BENAARAB Abdezzahir
- Director (not named in the articles), appointed by deed of 22-11-2024, still in office
Control
Founders
This company
TIMMO
Equity €1,600
Loss €2,900 in 2025
Capital
- Contribution
- €4,500
- Shares
- 1,500
- Contribution per share
- €3
- Equity per share
- €1.07 in 2025
- Source
- deed of 22-11-2024
Articles of association
deed of 22-11-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 10 June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment, assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…”
Shareholders
At incorporation
deed of 22-11-2024 ↗
- BENAARAB Abdezzahir 500 shares (33.3%)
- AZOUAGH Mohamed 500 shares (33.3%)
- AZOUAGH Abdelhamid 500 shares (33.3%)
Network & group
No group
TIMMO has no parent and no holdings in its annual accounts.
At the same address
Leuvensesteenweg 906, 1140 Evere · 1 other company| S C R U M
registered office since 01-07-2021 · founded in 2021 · accounts filed late |
total assets €609,479 (2024) 0769.700.047 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
S C R U M
Founded in 2021 · total assets €609,479 (2024) · accounts filed late
→
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 77 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1016441818
2024
IncorporationFounding capital of €4,500, 1,500 shares · Founders: BENAARAB Abdezzahir, AZOUAGH Mohamed and AZOUAGH Abdelhamid · Appointments: BENAARAB Abdezzahir, AZOUAGH Mohamed and AZOUAGH Abdelhamid · published on 22-11-202412 points ▸
- Founder, BENAARAB Abdezzahir
- Founder, AZOUAGH Mohamed
- Founder, AZOUAGH Abdelhamid
- Founding capital, €4,500, 1,500 shares
- BENAARAB Abdezzahir holds 500 shares
- AZOUAGH Mohamed holds 500 shares
- AZOUAGH Abdelhamid holds 500 shares
- Registered office clause, Chaussée de Louvain 906, 1140 Evere
- Board rule, 3
- Director appointment, BENAARAB Abdezzahir (director (not named in the articles))
- Director appointment, AZOUAGH Mohamed (director (not named in the articles))
- Director appointment, AZOUAGH Abdelhamid (director (not named in the articles))
- The deed holds 4 more points.
First establishment Leuvensesteenweg 906, Evere
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1016.441.818
- VAT number
- BE 1016.441.818
- Peppol ID
- 0208:1016441818
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-11-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 10 June at 18:00deed of 22-11-2024 (in French)
- Peppol
- Reachable since 26-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TIMMO in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-11-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Chaussée de Louvain 906, 1140 Evere”deed of 22-11-2024 (in French)
Activities
NACEBEL 202568110
Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100
Real estate activities main activity
68201
Real estate activities
68203
Real estate rental
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’étude,la conception et la réalisation de tous travaux de construction,publics et privés,en qualité d’entrepreneur général ou en…”deed of 22-11-2024 (in French)
20 activities
- L’étude,la conception et la réalisation de tous travaux de construction,publics et privés,en qualité d’entrepreneur général ou en sous-traitance ainsi que de décorations tant intérieures qu’extérieures
- Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment,en ce compris toutes prestations ou travaux ayant traits aux domaines suivants
- La couverture non métallique de construction,l’étanchéité et la zinguerie,la réception et l’évacuation des eaux
- Les installations,matériels ou appareils électriques,l’électricité,l’électrotechnique,la domotique,la communication,la signalisation de sécurisation et ce,tant pour le domaine public que privé
- Les sanitaires,la plomberie,le chauffage et la ventilation
- La distribution de l’eau,du gaz,de l’électricité,etc.
- L’établissement et l’exploitation de tous moyens de transport,ports,canaux,routes,etc.
- Les constructions métalliques et ossatures pour la construction,les pièces forgées pour la construction et pour l’industrie,les pièces métalliques diverses,réservoirs,citernes,poêles et silos
- Le rejointoiement et la finition
- Le plafonnage et le cimentage
- La pose de chape,de faux plafonds,de cloisons amovibles et de plaques de gyproc
- La charpenterie et la menuiserie
- La fabrication et le placement de châssis,en ce compris le placement de vitres et de volets en P.V.C et/ou aluminium
- L’installation des échafaudages et le nettoyage de façades
- L’approvisionnement de tous matériels se rapportant directement ou indirectement à la construction d’une manière générale
- La prestation de conseils et d’assistance tant au point de vue technique qu’administratif et commercial à toutes sociétés et entreprises,pour tout ce qui concerne le secteur de la construction des biens immobiliers en général,en ce compris le secteur de la prévention et de la coordination de la sécurité en matière de travaux de construction
- L’achat,la vente,la location,la gestion,l’importation,l’exportation de tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et de bâtiments
- La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets
- L’acquisition,la vente ou l’échange de tout droit mobilier et de toute valeur mobilière en ce compris notamment la constitution et la gestion d’un portefeuille de valeurs mobilières pour son compte propre uniquement
- La constitution et la valorisation d’un patrimoine immobiliers,tant en immeubles qu’en droits réels immobiliers,notamment l’achat,la vente,l’échange,la négociation,la transaction,la gestion,le leasing,la location meublée ou non tant en qualité de bailleur que de locataire,le lotissement,l’expertise,la revente,le courtage,la promotion,de tous biens immobiliers et en général de quelque nature,situés en Belgique ou à l’étranger
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Leuvensesteenweg 906 registered office 1140 Evere | 20-11-2024 | 2.366.526.816 |
Buildings and parcels at the address
- Ground area
- 325 m²
- Buildings
- 317 m²
- Volume, LiDAR
- 3,168 m³
- Tallest building
- 16.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21372C0117/00F023 | 325 m² | 1 · 317 m² | 16.8 m · 4 |