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Timo

Active
Public limited companyfounded 1988active for 38 yearsMichielssendreef 3, 2930 Brasschaat, BelgiumKBO/BCE: BE 0434.259.003

Financials · financial year 2025, full format

2025 annual accounts filed 35 days after the deadline 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.

Annual accounts 2025 filed on 04-09-2026 at the NBB all 35 filings

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 for 2025 is a loss of €142,806, smaller than the loss of €168,609 in 2024.

Operating result-€0.1m 2025 Net result€0.03m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and 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 sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only 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
2025 value · change against 2024
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.

Comparable companies

These companies have the same main activity as Timo: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.3m and €3m, founded between 1989 and 1992.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Timo Brasschaat1988€2.6m€0.8m-€0.002m€0.03m-2025
GARLIANA Edegem1989€2.8m€0.7m-€0.008m-€0.01m-2025
DEMA HOTELS INTERNATIONAL Antwerpen1992€2.6m€1.7m-€0.02m-€0.02m-2025
FALERNO BELGIUM Antwerpen1989€3.0m€1.7m-€0.07m-€0.1m-2025
LINNAEUS Lochristi1990€2.6m€0.4m-€0.003m-€0.1m02025
CO.REsults Sankt Vith1989€2.3m€2.2m-€0.04m€1.6m02025
MANIBA Genk1991€2.6m€2.6m-€0.09m€0.006m-2025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 04-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.6m€2.6m▲
Fixed assets21/28€2.3m€2.3m▲
Intangible fixed assets21€0.6m€0.6m▼
Tangible fixed assets22/27€0.1m€0.1m▲
Plant, machinery and equipment23€0.001m€219▼
Furniture and vehicles24€0.1m€0.1m▲
Financial fixed assets28€1.5m€1.6m▲
Current assets29/58€0.3m€0.3m▼
Amounts receivable within one year40/41€0.2m€0.05m▼
Trade receivables40€0.2m€0.04m▼
Other amounts receivable41€465€0.01m▲
Current investments50/53€0.04m€0.2m▲
Cash at bank and in hand54/58€0.1m€0.01m▼
Deferred charges and accrued income490/1€0.002m€460▼
Equity and liabilities
Total equity and liabilities10/49€2.6m€2.6m▲
Equity10/15€0.8m€0.8m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.6m€0.6m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Distributable reserves133€0.6m€0.6m=
Profit (loss) carried forward14€0.09m€0.1m▲
Amounts payable17/49€1.8m€1.8m▼
Amounts payable after more than one year17€0.9m€1.0m▲
Financial debts170/4€0.9m€1.0m▲
Amounts payable within one year42/48€0.9m€0.8m▼
Current portion of amounts payable after more than one year42€0.01m€0.04m▲
Financial debts43-€0.1m
Credit institutions430/8-€0.1m
Trade debts44€0.7m€0.5m▼
Suppliers440/4€0.7m€0.5m▼
Taxes, remuneration and social security45€0.04m€0.007m▼
Taxes450/3€0.04m€0.007m▼
Other amounts payable47/48€0.1m€0.1m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.1m▲
Other operating charges640/8€0.005m€0.002m▼
Gross operating margin9900-€0.2m-€0.002m▲
Operating profit (loss)9901-€0.2m-€0.1m▲
Financial income75/76B€0.2m€0.2m▲
Recurring financial income75€0.2m€0.004m▼
Non-recurring financial income76B€0.2m€0.2m▲
Financial charges65/66B€0.006m€0.01m▲
Recurring financial charges65€0.006m€0.01m▲
Profit (loss) for the period before taxes9903€0.003m€0.04m▲
Income taxes67/77€252€0.003m▲
Profit (loss) for the period9904€0.003m€0.03m▲
Profit (loss) for the period to be appropriated9905€0.003m€0.03m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.09m€0.1m▲
Profit (loss) brought forward from the previous period14P€0.09m€0.09m▲

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 04-09-2026 2026-00501632 NBB
31-12-2024 abbreviated format 27-11-2025 2025-00571559 PDF
31-12-2023 abbreviated format 28-08-2024 2024-00391598 PDF
31-12-2022 micro format 21-09-2023 2023-00450992 PDF
31-12-2021 micro format 12-12-2022 2022-20535454 PDF
31-12-2020 micro format 20-07-2021 2021-37000490 PDF
31-12-2019 micro format 07-10-2020 2020-59300010 PDF
31-12-2018 micro format 30-07-2019 2019-39800124 PDF
31-12-2017 micro format 30-07-2018 2018-39300052 PDF
31-12-2016 micro format 18-08-2017 2017-44100506 PDF

Show all 35 filings

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