TIMSOCK'S
ActiveThe annual accounts of TIMSOCK'S for fiscal year 2024 show a net loss of 51% of total assets. The 2024 annual accounts show equity of €34k and a net result of €-18k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 26043 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-39
Solvency100=
Growth22▼-30
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 35.18 against 3.92 in 2023; short-term debt: 2.7% and cash: 15.7% of total assets), and 2.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.3%
Return on assets
-50.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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
not confirmed
2024
5 d late
2023
490 d late
2019
117 d late
2018
50 d late
2017
50 d late
2015
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€9k▼ 89.4%
2023 · €87k
2018: €164k
2019: €134k
2023: €87k
2018 → 2024
EBIT margin
-174.1%▼ 177.9pp
2023 · 3.9%
2018: -3.1%
2019: 2.6%
2023: 3.9%
2018 → 2024
Net result
€-18k
2023 · €1k
2018: €-7k
2019: €2k
2023: €1k
2018 → 2024
Working capital
€33k▼ 34.1%
2023 · €50k
2018: €26k
2019: €35k
2023: €50k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920232024Trend
Turnover€164k-€134k▼ 18.4%€87k▼ 34.7%€9k▼ 89.4%
Equity€52k-€54k▲ 3.7%€52k▼ 3.1%€34k▼ 34.3%
Operating result€-5k-€3k€3k▼ 1.2%€-16k
Net result€-7k-€2k€1k▼ 34.4%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€1k▼ 39.1%
Current assets
€34k▼ 49.5%
Equity and liabilities €35k
Equity
€34k▼ 34.3%
Debt
€956▼ 94.4%
The debt ratio falls from 24.6% to 2.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▼
2023 · €5k
Cash flow
€-17k▼
2023 · €2k
Solvency
97.3%▲
2023 · 75.4%
Current ratio
35.18▲
2023 · 3.92
Quick ratio
13.06▲
2023 · 3.43
Debt / equity
0.03▼
2023 · 0.33
ROE
-52.3%▼
2023 · 2.4%
ROA
-50.9%▼
2023 · 1.8%
Interest coverage
-11.55▼
2023 · 1.99
Debt
€956▼
2023 · €17k
Debt ≤ 1 year
€956▼
2023 · €17k
Income taxes
€459▲
2023 · €34
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€69k€35k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€1k€560▼
Furniture and vehicles24€1k€872▼
Current assets29/58€67k€34k▼
Stocks and contracts in progress3€8k€21k▲
Stocks30/36€8k€21k▲
Amounts receivable within one year40/41-€6k
Other amounts receivable41-€6k
Cash at bank and in hand54/58€53k€6k▼
Deferred charges and accrued income490/1€6k€753▼
Equity and liabilities
Total equity and liabilities10/49€69k€35k▼
Equity10/15€52k€34k▼
Contributions10/11€110k€110k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-77k€-95k▼
Amounts payable17/49€17k€956▼
Amounts payable within one year42/48€17k€956▼
Trade debts44€3k€497▼
Suppliers440/4€3k€497▼
Taxes, remuneration and social security45€3k€459▼
Taxes450/3€3k€459▼
Other amounts payable47/48€10k-
Income statement
Code20232024
Turnover70€87k€9k▼
Goods, raw materials, services and sundry goods60/61€93k€31k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€920▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€63
Gross operating margin9900€7k€-13k▼
Operating profit (loss)9901€3k€-16k▼
Financial income75/76B€197-
Recurring financial income75€197-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€1k€-17k▼
Income taxes67/77€34€459▲
Profit (loss) for the period9904€1k€-18k▼
Profit (loss) for the period to be appropriated9905€1k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-95k▼
Profit (loss) brought forward from the previous period14P€-79k€-77k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 490 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-18k ▼1516%
Net result drops to €-18k, the lowest in the series.
31-12
Financial
Liquidity times 9current ratio 35.18
Current ratio from 3.92 to 35.18; short-term debt falls from €17k to €956.
2023
31-12
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.60 to 3.92; short-term debt falls from €58k to €17k.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 92 days late
2013
04-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 126 days late
2012
23-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
06-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wetteren · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oosterzelesteenweg 649230 WetterenGround area
1,386 m²
Building footprint
262 m²
Volume, LiDAR
1,457 m³
Parcel 42025G1291/00P000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oosterzelesteenweg 64, 9230 Wetteren
since 19872.029.554.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1291/00P000 | Flanders | 1,386 m² | 1 · 262 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,438. 1,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-1987
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47820Market retail: textiles, clothing, footwear
52622
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.