Timo
ActiveSummary
Timo has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €801,498 and a net result of €34,252, of which €185,850 non-recurring income. Equity is growing by about 4.3% per year across the filed financial years. Its solvency ranks better than 30% of 3,858 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
2025 annual accounts filed late (35 days) Filed on 4 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501632.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,252▲ 996%
2024 · €3,126
Working capital
-€540,410▲ 2.5%
2024 · -€554,474
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €142,806 in 2025 against €168,609 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2025
Net result€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2025
Equity€0.8m
2025
Debt€1.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.32
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.1m▲ 379%€0.1m▲ 8.3%€0.05m▼ 61.5%€0.009m▼ 80.9%€0.09m▲ 865%-€0.2m-€0.1m▲ 15.3%
Net result€0.03m-€0.1m▲ 232%€0.1mabove the sector's middle half▼ 3.9%€0.03mwithin the sector's middle half▼ 74.1%€0.003mwithin the sector's middle half▼ 89.8%€0.06mwithin the sector's middle half▲ 23×€0.003mbelow the sector's middle half▼ 94.7%€0.03mwithin the sector's middle half▲ 996%
Equity€0.5m-€0.6m▲ 19.8%€0.7mabove the sector's middle half▲ 8.7%€0.7mabove the sector's middle half▲ 3.8%€0.7mabove the sector's middle half▲ 0.4%€0.8mwithin the sector's middle half▲ 8.4%€0.8mwithin the sector's middle half▲ 0.4%€0.8mwithin the sector's middle half▲ 4.5%
Total assets€0.6m-€0.6m▲ 9.5%€1.3mabove the sector's middle half▲ 101%€1.3mabove the sector's middle half▼ 0.2%€1.1mabove the sector's middle half▼ 13.7%€1.1mwithin the sector's middle half▼ 2.0%€2.6mwithin the sector's middle half▲ 137%€2.6mwithin the sector's middle half▲ 0.4%
Debt€0.02m-€0.02m▲ 34.4%€0.6m▲ 28×€0.6m▼ 4.7%€0.4m▼ 30.5%€0.3m▼ 20.0%€1.8m▲ 455%€1.8m▼ 1.3%
Working capital€0.6m-€0.6m▲ 1.8%€0.2mabove the sector's middle half▼ 60.4%€0.2mabove the sector's middle half▼ 26.7%€0.06mwithin the sector's middle half▼ 63.7%€0.03mwithin the sector's middle half▼ 48.3%-€0.6mbelow the sector's middle half-€0.5mbelow the sector's middle half▲ 2.5%
Solvency88.3%-96.6%▲ 8.3pp52.3%within the sector's middle half▼ 44.3pp54.4%within the sector's middle half▲ 2.1pp63.3%within the sector's middle half▲ 8.9pp70.0%within the sector's middle half▲ 6.7pp29.7%within the sector's middle half▼ 40.3pp30.9%within the sector's middle half▲ 1.2pp
Current ratio35.85-27.40▼ 8.441.96within the sector's middle half▼ 25.441.55within the sector's middle half▼ 0.411.28within the sector's middle half▼ 0.271.13within the sector's middle half▼ 0.140.37below the sector's middle half▼ 0.770.32below the sector's middle half▼ 0.05
Return on assets (ROA)5.3%-16.0%▲ 10.7pp7.6%within the sector's middle half▼ 8.3pp2.0%within the sector's middle half▼ 5.7pp0.2%below the sector's middle half▼ 1.7pp5.4%within the sector's middle half▲ 5.2pp0.1%below the sector's middle half▼ 5.3pp1.3%within the sector's middle half▲ 1.2pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.3m ▲ 3.6%
Current assets
€250,143 ▼ 22.3%
Equity and liabilities €2.6m
Equity
€801,498 ▲ 4.5%
Debt
€1.8m ▼ 1.3%
Debt's share of the balance-sheet total falls from 70.3% to 69.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€4,537▲
2024 · -€158,382
Cash flow
€172,522▲
2024 · €13,353
Debt to equity
2.24▼
2024 · 2.37
ROE
4.3%▲
2024 · 0.4%
Interest coverage
-0.47▲
2024 · -24.98
Debt ≤ 1 year
€790,553▼
2024 · €876,593
Debt > 1 year
€1.0m▲
2024 · €939,043
Income taxes
€3,343▲
2024 · €252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,890 | €8,086 | €8,086 | €7,075 | €8,167 | €10,227 | €138,269 | ▲ 14× |
| Other operating charges640/8 | - | - | - | €2,628 | €2,930 | €1,504 | €4,695 | €2,085 | ▼ 55.6% |
| Gross operating margin9900 | €51,320 | €130,409 | €132,128 | €58,150 | €19,043 | €96,870 | -€153,687 | -€2,452 | ▲ 98.4% |
| Operating profit (loss)9901 | €23,750 | €113,836 | €123,295 | €47,436 | €9,038 | €87,199 | -€168,609 | -€142,806 | ▲ 15.3% |
| Financial income75/76B | - | - | - | €117 | €5,082 | €9,541 | €178,329 | €190,020 | ▲ 6.6% |
| Recurring financial income75 | €8,000 | €8,002 | - | €117 | €5,082 | €9,541 | €178,329 | €4,170 | ▼ 97.7% |
| Non-recurring financial income76B | - | - | - | - | - | - | €178,329 | €185,850 | ▲ 4.2% |
| Financial charges65/66B | - | - | - | €9,605 | €6,503 | €6,385 | €6,341 | €9,619 | ▲ 51.7% |
| Recurring financial charges65 | €755 | €841 | €3,820 | €9,605 | €6,503 | €6,385 | €6,341 | €9,619 | ▲ 51.7% |
| Profit (loss) for the period before taxes9903 | €30,995 | €120,998 | €119,475 | €37,948 | €7,617 | €90,354 | €3,379 | €37,595 | ▲ 11× |
| Income taxes67/77 | - | €18,115 | €20,610 | €12,377 | €5,007 | €30,941 | €252 | €3,343 | ▲ 13× |
| Profit (loss) for the period9904 | €30,995 | €102,883 | €98,866 | €25,572 | €2,610 | €59,413 | €3,126 | €34,252 | ▲ 996% |
| Profit (loss) for the period to be appropriated9905 | €30,995 | €102,883 | €98,866 | €25,572 | €2,610 | €59,413 | €3,126 | €34,252 | ▲ 996% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €1.3m | €1.3m | €1.1m | €1.1m | €2.6m | €2.6m | ▲ 0.4% |
| Fixed assets21/28 | €0.009m | €0.05m | €0.8m | €0.8m | €0.8m | €0.8m | €2.3m | €2.3m | ▲ 3.6% |
| Intangible fixed assets21 | - | €0.008m | €0.006m | €0.004m | €0.002m | - | €0.6m | €0.6m | ▼ 1.0% |
| Tangible fixed assets22/27 | - | €0.04m | €0.06m | €0.06m | €0.05m | €0.05m | €0.1m | €0.1m | ▲ 11.1% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €219 | ▼ 57.8% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.05m | €0.1m | €0.1m | ▲ 11.4% |
| Financial fixed assets28 | €0.009m | - | €0.8m | €0.8m | €0.8m | €0.8m | €1.5m | €1.6m | ▲ 4.9% |
| Current assets29/58 | €0.6m | €0.6m | €0.5m | €0.5m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 22.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Stocks and contracts in progress3 | - | - | €0.1m | €0 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.05m | ▼ 65.9% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | €0.03m | €0.2m | €0.04m | ▼ 72.8% |
| Other amounts receivable41 | - | - | - | €7 | €7 | €0.1m | €465 | €0.01m | ▲ 23× |
| Current investments50/53 | - | - | - | €0.1m | €0 | - | €0.04m | €0.2m | ▲ 318% |
| Cash at bank and in hand54/58 | €348 | €0.001m | €152 | €126 | €0.001m | €134 | €0.1m | €0.01m | ▼ 90.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | €0.002m | €460 | ▼ 74.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €1.3m | €1.3m | €1.1m | €1.1m | €2.6m | €2.6m | ▲ 0.4% |
| Equity10/15 | €0.5m | €0.6m | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | ▲ 4.5% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.05m | - | €0.03m | €0.03m | €0.09m | €0.09m | €0.1m | ▲ 37.8% |
| Provisions and deferred taxes16 | €0.05m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.02m | €0.02m | €0.6m | €0.6m | €0.4m | €0.3m | €1.8m | €1.8m | ▼ 1.3% |
| Amounts payable after more than one year17 | - | - | €0.4m | €0.3m | €0.2m | €0.09m | €0.9m | €1.0m | ▲ 6.6% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.09m | €0.9m | €1.0m | ▲ 6.6% |
| Amounts payable within one year42/48 | €0.02m | €0.02m | €0.2m | €0.3m | €0.2m | €0.2m | €0.9m | €0.8m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.1m | €0.1m | €0.01m | €0.04m | ▲ 217% |
| Financial debts43 | - | - | - | €80 | €0 | - | - | €0.1m | - |
| Credit institutions430/8 | - | - | - | €80 | €0 | - | - | €0.1m | - |
| Trade debts44 | €0.009m | €0.002m | €0.004m | €0.1m | €0.02m | €0.04m | €0.7m | €0.5m | ▼ 30.7% |
| Suppliers440/4 | - | - | - | €0.1m | €0.02m | €0.04m | €0.7m | €0.5m | ▼ 30.7% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.03m | €0.04m | €0.04m | €0.007m | ▼ 81.3% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.04m | €0.04m | €0.007m | ▼ 81.3% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.07m | €0.06m | €0.1m | €0.1m | ▲ 14.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.1m | €0.1m | €0.03m | €0.003m | €0.06m | €0.003m | €0.03m | ▲ 996% |
| + Depreciation and write-downs630 | - | €0.002m | €0.008m | €0.008m | €0.007m | €0.008m | €0.01m | €0.1m | ▲ 14× |
| Operating cash flow (approximation) | €0.03m | €0.1m | €0.1m | €0.03m | €0.01m | €0.07m | €0.01m | €0.2m | ▲ 13× |
| Investment in fixed assets (approximation) | - | -€0.04m | -€0.8m | €0 | -€0.02m | -€0.001m | -€1.4m | -€0.2m | ▲ 84.7% |
| Change in cash | - | €251 | -€447 | -€25 | €0.001m | -€0.001m | €0.1m | -€0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 04-09-2026 | 2026-00501632 |
| 31-12-2024 | abbreviated format | 27-11-2025 | 2025-00571559 |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00391598 |
| 31-12-2022 | micro format | 21-09-2023 | 2023-00450992 |
| 31-12-2021 | micro format | 12-12-2022 | 2022-20535454 |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37000490 |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59300010 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-39800124 |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39300052 |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44100506 |
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Of the 82,509 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,646. 30,624 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.