TIMPRO
ActiveFrom the official registers: KBO 46 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TIMPRO has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €36,968 and a net result of €16,749. Equity has been shrinking by about 6.7% per year since 2019. Its solvency ranks better than 18% of 612 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
KBO- Status
- Active since 01-01-1979 Normal situation
- Activity
- Retail sale of pharmaceutical products NACE 47730and 1 other
- Establishment unit
- 2.039.462.909 2650 Edegem, since 01-01-1979
- Financial year end
- 31 March
- Peppol
- Reachable since 09-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €222,916
- ▲ 19.9%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €16,749
- Equity
- €36,968
- ▲ 8.7%
- Total assets
- €1.9m
- ▲ 3.6%
Score breakdownraises riskLiquidity: current ratio 0.04, cash €6,852, halvedSector: Retail trade (NACE 47)Equity €36,968 (1.9% of total assets)lowers riskSize: total assets €1.9mShow the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 20% of them on solvency, 43% on liquidity, 38% on profitability and 58% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 19-10-2026 at the NBB all 46 filings
Amounts without an identifiable currency are taken as euros.
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is nearly 6 times that of 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). 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).
Comparable companies
These companies have the same main activity as TIMPRO: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €1.6m and €1.9m, founded between 1979 and 1988.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| TIMPRO Edegem | 1979 | €1.9m | €0.04m | €0.2m | €0.02m | - | 2026 |
| APOTHEEK VANMEER Bilzen-Hoeselt | 1979 | €1.8m | €1.6m | €0.3m | €0.05m | 2.5 | 2025 |
| APOTHEEK VAN OVERBERGE Gistel | 1982 | €1.8m | €0.6m | €0.2m | €0.08m | 2 | 2025 |
| SPYPHARMA Vorst | 1979 | €1.6m | -€0.2m | €0.2m | -€0.1m | 1.1 | 2025 |
| APOTHEEK VAN DAMME Brugge | 1983 | €1.6m | €0.5m | €0.2m | €0.2m | 0.3 | 2025 |
| APOTHEEK HOORNAERT Deinze | 1988 | €1.9m | €0.02m | €0.2m | €0.04m | - | 2025 |
| APOTHEEK VANDERSTRAETEN Gent | 1984 | €1.7m | €0.4m | €0.3m | -€0.002m | 3 | 2025 |
They were chosen from the 3,936 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,217 companies had the same profile as TIMPRO has now. Two years later, 1.5% had gone bankrupt and 96.0% were still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of TIMPRO itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,217 companies, not a prediction for TIMPRO. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,703 | €68,973 | €66,580 | €66,427 | €66,397 | €161,123 | €160,144 | €140,756 | ▼ 12.1% |
| Other operating charges640/8 | - | - | - | €6,158 | €5,945 | €8,373 | €13,732 | €10,832 | ▼ 21.1% |
| Gross operating margin9900 | €81,909 | €135,360 | €115,082 | €116,851 | €125,348 | €164,258 | €185,860 | €222,916 | ▲ 19.9% |
| Operating profit (loss)9901 | €12,369 | €65,706 | €47,683 | €44,267 | €53,006 | -€5,239 | €11,984 | €71,328 | ▲ 495% |
| Financial income75/76B | - | - | - | - | - | €0 | - | €8 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | €0 | - | €8 | - |
| Financial charges65/66B | - | - | - | €16,279 | €15,183 | €33,307 | €48,766 | €54,587 | ▲ 11.9% |
| Recurring financial charges65 | €35,304 | €33,852 | €93,172 | €16,279 | €15,183 | €33,307 | €48,766 | €54,587 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€22,935 | €31,854 | -€45,489 | €27,988 | €37,823 | -€38,545 | -€36,781 | €16,749 | - |
| Income taxes67/77 | €0 | €393 | €0 | - | €6,521 | - | - | - | - |
| Profit (loss) for the period9904 | -€22,935 | €31,461 | -€45,489 | €27,988 | €31,303 | -€38,545 | -€36,781 | €16,749 | - |
| Profit (loss) for the period to be appropriated9905 | -€22,935 | €31,461 | -€45,489 | €27,988 | €31,303 | -€38,545 | -€36,781 | €16,749 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.3m | €1.2m | €1.0m | €1.0m | €1.5m | €1.9m | €1.9m | ▲ 3.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.0m | €1.0m | €1.4m | €1.8m | €1.9m | ▲ 6.0% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €1.0m | €1.0m | €1.4m | €1.8m | €1.9m | ▲ 6.0% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €1.4m | €1.8m | €1.7m | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 78.6% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.002m | €0.009m | €0.02m | €0.2m | ▲ 12× |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.1m | €0.07m | €0.03m | €0.03m | €0.03m | €0.06m | €0.01m | ▼ 75.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | - | €17 | - | - | €0.02m | €0.004m | ▼ 82.6% |
| Trade receivables40 | - | - | - | €17 | - | - | €0.02m | €0.004m | ▼ 77.9% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.005m | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.07m | €0.03m | €0.03m | €0.03m | €0.03m | €0.007m | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.002m | €0.003m | €0.003m | ▲ 14.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.2m | €1.0m | €1.0m | €1.5m | €1.9m | €1.9m | ▲ 3.6% |
| Equity10/15 | €0.06m | €0.1m | €0.05m | €0.08m | €0.1m | €0.07m | €0.03m | €0.04m | ▲ 8.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | - | - | - | - |
| Issued capital100 | - | - | - | €0.06m | €0.06m | - | - | - | - |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | €0.05m | €0.05m | €0.03m | ▼ 29.1% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.03m | €0.04m | €0.05m | €0.05m | €0.03m | ▼ 29.1% |
| Profit (loss) carried forward14 | -€0.02m | €0 | -€0.05m | -€0.02m | - | -€0.04m | -€0.08m | -€0.06m | ▲ 22.2% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.0m | €0.9m | €1.4m | €1.8m | €1.9m | ▲ 3.5% |
| Amounts payable after more than one year17 | €1.2m | €0.8m | €0.7m | €0.7m | €0.7m | €1.3m | €1.6m | €1.5m | ▼ 6.8% |
| Financial debts170/4 | - | - | - | €0.7m | €0.7m | €1.3m | €1.6m | €1.5m | ▼ 6.8% |
| Amounts payable within one year42/48 | €0.08m | €0.4m | €0.4m | €0.3m | €0.2m | €0.1m | €0.2m | €0.4m | ▲ 86.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.08m | €0.1m | €0.1m | ▲ 3.2% |
| Trade debts44 | €184 | €262 | €0.001m | €0.001m | €0.001m | €308 | €0.002m | €0.001m | ▼ 12.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €308 | €0.002m | €0.001m | ▼ 12.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.002m | - | €0.002m | €0.004m | ▲ 80.6% |
| Taxes450/3 | - | - | - | - | €0.002m | - | €0.002m | €0.004m | ▲ 80.6% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.04m | €0.09m | €0.3m | ▲ 186% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.003m | €0.004m | €0.007m | €0.004m | ▼ 32.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,935 | €31,461 | -€45,489 | €27,988 | €31,303 | -€38,545 | -€36,781 | €16,749 | - |
| + Depreciation and write-downs630 | €68,703 | €68,973 | €66,580 | €66,427 | €66,397 | €161,123 | €160,144 | €140,756 | ▼ 12.1% |
| Operating cash flow (approximation) | €45,769 | €100,434 | €21,091 | €94,415 | €97,699 | €122,578 | €123,363 | €157,505 | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | -€10,398 | -€1,755 | -€2,200 | -€6,383 | -€629,272 | -€534,728 | -€248,818 | ▲ 53.5% |
| Change in cash | - | €3,157 | -€43,789 | -€40,123 | €3,057 | €4,254 | -€3,075 | -€22,759 | ▼ 640% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 19-10-2026 | 2026-00562744 | NBB |
| 31-03-2025 | abbreviated format | 24-09-2025 | 2025-00500610 | |
| 31-03-2024 | abbreviated format | 11-10-2024 | 2024-00505425 | |
| 31-03-2023 | abbreviated format | 27-09-2023 | 2023-00456904 | |
| 31-03-2022 | abbreviated format | 14-10-2022 | 2022-20462374 | |
| 31-03-2021 | abbreviated format | 19-10-2021 | 2021-72100446 | |
| 31-03-2020 | abbreviated format | 19-10-2020 | 2020-62300157 | |
| 31-03-2019 | abbreviated format | 24-09-2019 | 2019-65800074 | |
| 31-03-2018 | abbreviated format | 25-10-2018 | 2018-70100582 | |
| 31-03-2017 | abbreviated format | 29-09-2017 | 2017-65700317 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VERBEKE Ghislaine Claire Aline |
|
| VINGERHOETS Johan Maria Alfons |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, Bestuursorgaan”
Articles of association, deed of 28-12-2023 (in Dutch)
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Resignations: VINGERHOETS Johan Maria Alfons (director) and VERBEKE Ghislaine Claire Aline (director)Appointments: VINGERHOETS Johan Maria Alfons (director) and VERBEKE Ghislaine Claire Aline (director) · Legal-form conversion · Approval18 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “opheffing onderscheid vast en veranderlijk gedeelte kapitaal, opheffing” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Approval, “eigen vermogen op afsluitdatum, verslag van het bestuursorgaan” (deed in Dutch)
- Approval, “verslag van de bedrijfsrevisor met betrekking tot voorgestelde omzetting in besloten vennootschap” (deed in Dutch)
- Purpose change
- Other provision, “geen statutair onbeschikbaar vermogen vastleggen, alle eigen vermogensbestanddelen beschikbaar” (deed in Dutch)
- Other provision, “geen wijzigingen actieve en passieve bestanddelen ter gelegenheid omzetting, rechtspersoonlijkheid blijft onveranderd voortbestaan in nieuwe vorm” (deed in Dutch)
- Other provision, “behoud inschrijvingsnummers, zo mogelijk” (deed in Dutch)
- Accounting effect, 31-10-2023
- Other provision, “kennisgeving aansprakelijkheid aandeelhouders na omzetting, comparanten” (deed in Dutch)
- Amendment of the articles
- The act holds 6 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20259 activities
- 1.Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aankoop- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten.
- 2.Het aanleggen,het oordeelkundige uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur- of verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waarde papieren,aandelen,obligaties,staatsfondsen.
- 3.Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,financiële,landbouw- of immobiliënvennootschappen of–ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening,en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- 4.het oprichten en uitbaten van apotheken,de handel in farmaceutische en parafarmaceutische producten en het uitoefenen van alle commerciële bedrijvigheden die met de gezondheidszorg verband houden;deze activiteit dient in de meest ruime zin opgevat;-apparaten en benodigdheden wat de bandagisterie betreft;-alle artikelen en benodigdheden in verband met de uitoefening van het beroep als opticien,het ondernemen van alle industriële en klinische ontledingen;
- 5.Het uitoefenen van management,consulting-,beheers-en beleggingsactiviteiten.Deze activiteiten omvatten ondermeer,zonder dat deze opsomming beperkend is,het uitoefenen van managementfuncties in diverse ondernemingen,het sluiten van consultingovereenkomsten,het uitoefenen van consultingfuncties op onafhankelijke wijze en het verlenen van advies,bijstand en leiding aan bedrijven,privé-personen en instellingen.
- 6.De vennootschap mag tevens alle diensten en adviezen inzake voormelde activiteiten verschaffen,ontwikkelen en leveren,alsook overgaan tot het organiseren van opleidingen en incentives.Het voorzien van operationele services en advies in financieel en strategisch management,in algemeen en organisatorisch management voor commerciële bedrijven,in financial control en management accounting,in administratieve organisatie alsook in personnel management.Dienstverlening aan bedrijven of individuele personen voor integratie(relocation service),dit kan zowel betrekking hebben op het vinden van huisvesting als op het verlenen van informatie en begeleiding.
- 7.Onderneming in roerende en onroerende goederen(immobiliën).Alle aannemingen van sloop-en afbraakwerken,beton- en metselwerken,schrijn- en timmerwerken,plafonnerings-en cementwerken,glaswerken,het waterdicht maken van bouwwerken,het plaatsen van tegels,wand- en vloerbekleding in al hun vormen en alle andere aannemingen van bouwwerken in de ruimste betekenis van het woord.Het financieren van bouwwerken.Het laten bouwen door aannemers.Het doorrekenen van promotiekosten aan de uiteindelijke kopers.Alle verrichtingen van makelarij in onroerend goed,zoals het verwerven door aankoop of anderszins,de bouw,verbetering,uitrusting of verbouwing en de promotie van alle onroerende goederen met het oog op hun vervreemding of verhuring.De vennootschap mag alle roerende en onroerende goederen in pand of hypotheek stellen om haar verbintenissen te onderschrijven,zelfs voor rekening van derden
- 8.het uitvoeren van EPC controles en het opmaken van EPC-attesten.
- 9.het uitvoeren van asbestinventarisaties.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11472C0221/00T000 | Flanders | 2,447 m² | 1 · 152 m² | 9.8 m · 3 |