TIMO-TRANS
ActiveSummary
TIMO-TRANS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,199 and a net result of €20,437. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+2
Solvency54▲+9
Growth63▼-1
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.09 in 2024; short-term debt: 56.8% and cash: 6.9% of total assets), and 71.4% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
28.6%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
22 d late
2023
62 d late
2022
84 d late
2021
72 d late
2020
18 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€2.1m▼ 4.5%
2024 · €2.2m
EBIT margin
2.4%▲ 0.3pp
2024 · 2.0%
Net result
€20,437▼ 23.2%
2024 · €26,624
Working capital
-€11,305
2024 · €69,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.3m▲ 2.9%€2.5m▲ 8.2%€2.4m▼ 2.4%€2.2m▼ 10.6%€2.1m▼ 4.5%
Operating result€39,333▲ 535%€24,695▼ 37.2%€31,691▲ 28.3%€43,909▲ 38.6%€49,084▲ 11.8%
Net result€23,628within the sector's middle half€25,715within the sector's middle half▲ 8.8%€14,445within the sector's middle half▼ 43.8%€26,624within the sector's middle half▲ 84.3%€20,437within the sector's middle half▼ 23.2%
EBIT margin1.7%▲ 1.4pp1.0%▼ 0.7pp1.3%▲ 0.3pp2.0%▲ 0.7pp2.4%▲ 0.3pp
Equity€151,978within the sector's middle half▲ 18.4%€177,693within the sector's middle half▲ 16.9%€192,138within the sector's middle half▲ 8.1%€218,762within the sector's middle half▲ 13.9%€239,199within the sector's middle half▲ 9.3%
Total assets€732,220within the sector's middle half▲ 56.9%€668,342within the sector's middle half▼ 8.7%€746,802within the sector's middle half▲ 11.7%€1.1mwithin the sector's middle half▲ 43.2%€837,197within the sector's middle half▼ 21.7%
Debt€580,242▲ 71.5%€490,649▼ 15.4%€554,664▲ 13.0%€850,376▲ 53.3%€597,998▼ 29.7%
Working capital-€30,037within the sector's middle half▲ 4.0%€47,464within the sector's middle half€48,174within the sector's middle half▲ 1.5%€69,020within the sector's middle half▲ 43.3%-€11,305within the sector's middle half
Solvency20.8%within the sector's middle half▼ 6.7pp26.6%within the sector's middle half▲ 5.8pp25.7%within the sector's middle half▼ 0.9pp20.5%within the sector's middle half▼ 5.3pp28.6%within the sector's middle half▲ 8.1pp
Current ratio0.92within the sector's middle half▲ 0.041.14within the sector's middle half▲ 0.231.12within the sector's middle half▼ 0.021.09within the sector's middle half▼ 0.030.98within the sector's middle half▼ 0.11
Return on assets (ROA)3.2%within the sector's middle half▲ 6.0pp3.8%within the sector's middle half▲ 0.6pp1.9%within the sector's middle half▼ 1.9pp2.5%within the sector's middle half▲ 0.6pp2.4%within the sector's middle half=
Staff (FTE)21within the sector's middle half▲ 16.7%20within the sector's middle half▼ 4.8%18within the sector's middle half▼ 10.0%17within the sector's middle half▼ 5.6%14within the sector's middle half▼ 17.6%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €837,197
Fixed assets
€372,730 ▲ 60.5%
Current assets
€464,467 ▼ 44.5%
Equity and liabilities €837,197
Equity
€239,199 ▲ 9.3%
Debt
€597,998 ▼ 29.7%
Debt's share of the balance-sheet total falls from 79.5% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153,865▲
2024 · €125,496
Cash flow
€125,218▲
2024 · €108,211
Debt to equity
2.50▼
2024 · 3.89
ROE
8.5%▼
2024 · 12.2%
Interest coverage
8.14▲
2024 · 7.26
Debt ≤ 1 year
€475,772▼
2024 · €767,878
Debt > 1 year
€122,226▲
2024 · €82,498
Income taxes
€9,763
Staff costs
€824,095▼
2024 · €833,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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% | 1.7% |
| 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 75% 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 4,105 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €2.3m | €2.5m | €2.4m | €2.2m | €2.1m | ▼ 4.5% |
| Non-recurring operating income76A | €31,098 | €4,458 | €4,146 | €332 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1.4m | €1.5m | €1.3m | €1.2m | €1.1m | ▼ 9.5% |
| Remuneration, social security and pensions62 | €791,029 | €776,845 | €999,886 | €833,284 | €824,095 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111,870 | €118,403 | €97,206 | €81,587 | €104,781 | ▲ 28.4% |
| Other operating charges640/8 | €40,949 | €30,090 | €21,316 | €2,158 | €10,662 | ▲ 394% |
| Non-recurring operating charges66A | €5,337 | €40,171 | €2,171 | €13,063 | €5,017 | ▼ 61.6% |
| Gross operating margin9900 | €988,518 | €990,204 | €1.2m | €974,001 | €993,639 | ▲ 2.0% |
| Operating profit (loss)9901 | €39,333 | €24,695 | €31,691 | €43,909 | €49,084 | ▲ 11.8% |
| Financial income75/76B | - | €14 | €14 | €3 | €20 | ▲ 567% |
| Recurring financial income75 | - | €14 | €14 | €3 | €20 | ▲ 567% |
| Financial charges65/66B | €5,042 | €8,588 | €8,806 | €17,288 | €18,904 | ▲ 9.3% |
| Recurring financial charges65 | €5,042 | €8,588 | €8,806 | €17,288 | €18,904 | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €34,291 | €16,121 | €22,899 | €26,624 | €30,200 | ▲ 13.4% |
| Income taxes67/77 | €10,663 | -€9,594 | €8,454 | - | €9,763 | - |
| Profit (loss) for the period9904 | €23,628 | €25,715 | €14,445 | €26,624 | €20,437 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €23,628 | €25,715 | €14,445 | €26,624 | €20,437 | ▼ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732,220 | €668,342 | €746,802 | €1.1m | €837,197 | ▼ 21.7% |
| Fixed assets21/28 | €407,327 | €292,042 | €301,319 | €232,240 | €372,730 | ▲ 60.5% |
| Tangible fixed assets22/27 | €353,037 | €237,752 | €246,894 | €177,815 | €318,170 | ▲ 78.9% |
| Plant, machinery and equipment23 | €2,825 | €1,390 | €250 | €4,716 | €5,321 | ▲ 12.8% |
| Furniture and vehicles24 | €44,957 | €27,298 | €14,821 | €12,220 | €94,072 | ▲ 670% |
| Leasing and similar rights25 | €305,255 | €209,064 | €231,823 | €160,879 | €218,777 | ▲ 36.0% |
| Financial fixed assets28 | €54,290 | €54,290 | €54,425 | €54,425 | €54,560 | ▲ 0.2% |
| Current assets29/58 | €324,893 | €376,300 | €445,483 | €836,898 | €464,467 | ▼ 44.5% |
| Amounts receivable within one year40/41 | €275,199 | €294,018 | €371,904 | €783,520 | €203,778 | ▼ 74.0% |
| Trade receivables40 | €275,187 | €85,779 | €153,542 | €547,774 | €169,971 | ▼ 69.0% |
| Other amounts receivable41 | €12 | €208,239 | €218,362 | €235,746 | €33,807 | ▼ 85.7% |
| Cash at bank and in hand54/58 | €49,694 | €81,505 | €72,802 | €53,378 | €58,148 | ▲ 8.9% |
| Deferred charges and accrued income490/1 | - | €777 | €777 | - | €202,541 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732,220 | €668,342 | €746,802 | €1.1m | €837,197 | ▼ 21.7% |
| Equity10/15 | €151,978 | €177,693 | €192,138 | €218,762 | €239,199 | ▲ 9.3% |
| Contributions10/11 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €135,618 | €161,333 | €175,778 | €202,402 | €222,839 | ▲ 10.1% |
| Amounts payable17/49 | €580,242 | €490,649 | €554,664 | €850,376 | €597,998 | ▼ 29.7% |
| Amounts payable after more than one year17 | €225,312 | €161,813 | €157,355 | €82,498 | €122,226 | ▲ 48.2% |
| Financial debts170/4 | €225,312 | €161,813 | €157,355 | €82,498 | €122,226 | ▲ 48.2% |
| Amounts payable within one year42/48 | €354,930 | €328,836 | €397,309 | €767,878 | €475,772 | ▼ 38.0% |
| Current portion of amounts payable after more than one year42 | €103,785 | €117,196 | €122,708 | €62,339 | €103,692 | ▲ 66.3% |
| Trade debts44 | €183,291 | €80,983 | €78,488 | €426,306 | €126,787 | ▼ 70.3% |
| Suppliers440/4 | €183,291 | €80,983 | €78,488 | €426,306 | €126,787 | ▼ 70.3% |
| Taxes, remuneration and social security45 | €62,569 | €130,657 | €196,113 | €279,233 | €245,293 | ▼ 12.2% |
| Taxes450/3 | €35,681 | €50,574 | €57,649 | €112,732 | €73,283 | ▼ 35.0% |
| Remuneration and social security454/9 | €26,888 | €80,083 | €138,464 | €166,501 | €172,010 | ▲ 3.3% |
| Other amounts payable47/48 | €5,285 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,628 | €25,715 | €14,445 | €26,624 | €20,437 | ▼ 23.2% |
| + Depreciation and write-downs630 | €111,870 | €118,403 | €97,206 | €81,587 | €104,781 | ▲ 28.4% |
| Operating cash flow (approximation) | €135,498 | €144,118 | €111,651 | €108,211 | €125,218 | ▲ 15.7% |
| Investment in fixed assets (approximation) | - | -€3,118 | -€106,483 | -€12,508 | -€245,271 | ▼ 1,861% |
| Change in cash | - | €31,811 | -€8,703 | -€19,424 | €4,770 | ▲ 125% |
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
16-09
State Gazette act
Registered office · Resignations & appointments · RestructuringResignation: David De Bruyn (director) · Appointment: Cantoni Monique (administratrice unique) · Share transfer6 facts ▸
State Gazette act
Registered office · Resignations & appointments · Restructuring
Resignation: David De Bruyn (director) · Appointment: Cantoni Monique (administratrice unique) · Share transfer6 facts ▸
- General meeting, 23-09-2025
- Director resignation, David De Bruyn (director)
- Share transfer, David De Bruyn → Cantoni Monique
- Shareholding, 23-09-2025, 49
- Director appointment, Cantoni Monique (administratrice (gérante) unique)
- Other statement, timo-trans@skynet.be, email address
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €26,624 ▲84.3%
Net result €26,624, the highest in the series.
31-12
Financial
Equity above €200,000Eq €218,762 ▲13.9%
4 profitable years in a row build equity to €218,762.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 62 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 84 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
31-12
Financial
Back to profitnet €23,628
Net result €23,628 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €151,978 ▲18.4%
Equity rises from €128,350 to €151,978.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet -€13,055
Net result drops to -€13,055, the lowest in the series; recovery starts the following year.
Show earlier events
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Cantoni Monique
CurrentAdministratrice (gérante) unique · since 23-09-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braine-le-Château · 1 establishment unit since 2008
Ground area
3,013 m²
Building footprint
937 m²
Volume, LiDAR
5,479 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TIMO-TRANS
since 20082.169.952.752
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0599/00L000 | Wallonia | 1,983 m² | 1 · 769 m² | 6.5 m · 2 fl. |
| 25111A0570/00E000 | Wallonia | 1,030 m² | 1 · 168 m² | 8.3 m · 2 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.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Cantoni Monique |
|
| David De Bruyn |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 16-09-2026 ↗
- Cantoni Monique 49 shares · 100%
Share transfer
act of 16-09-2026 ↗
- David De Bruyn to Cantoni Monique 49 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 6,069 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
Contact
E-mail
timo-trans@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896965829
Registered
31-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.