TIMSTOR
ActiveFrom the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TIMSTOR has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €705,523. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 46% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 07-12-1990 Normal situation
- Legal form
- Public limited company
- Registered office
- Hoge Mauw 1040, 2370 Arendonk
- Activity
- Wholesale of other household goods NACE 46499
- Establishment units
- 2.050.738.366 2370 Arendonk, since 20-12-1990
- 2.301.962.824 2370 Arendonk, since 01-04-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Who decides
Board
- HERMANS Herman Jozef JuliaManaging director
- SESAManaging director · permanent representative HERMANS Stijn
- HERMANS HermanDirector
Shareholders
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €1.1m
- ▼ 6.0%
- Turnover
- ≈ €4.7m
- estimated
- Profit
- €705,523
- Equity
- €2.6m
- ▲ 30.8%
- Total assets
- €6.1m
- ▲ 54.5%
- Staff
- 7.8 FTE
- ▲ 1.3%
2025 accounts filed 13 days late
Filed on 13-08-2026at the National Bank
Why 86raises riskLiquidity: current ratio 1.54, cash €11,490, halvedlowers riskFounded in 1990Profit of €705,523 (financial year 2025)Legal form: public limited companyShow the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Average
Solvency
67-7
equity 41.8% of total assets
Liquidity
30-17
short-term debt 42.4% · cash 0.2%
Profitability
53+22
return on assets 11.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● unchanged vs 11-2024lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -0.5 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.3%▼ -0.5 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.54, compared with 2.21 in 2024, above the usual 1.5; short-term debt: 42.4% and cash: 0.2% of total assets), but 58.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 50% on solvency, 27% on liquidity, 40% on profitability and 82% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
28 days late
2023
on the day
2022
5 days early
2021
11 days late
2020
17 days late
2019
9 days early
← 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 8 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, full format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395773.
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 13-08-2026
- Format
- full format
- Reference
- 2026-00395773
Turnover
≈ €4.7m
Estimated: probably between €2.8m and €7.8m
EBIT margin
Not included in this filing
Net result
€705,523
2024 · -€92,728
Working capital
€1.4m▲ 30.7%
2024 · €1.1m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 102% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.1m
2025
Equity€2.6m
2025
Debt€3.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.4m
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)11.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency41.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.54
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)7.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▼ 4.4%-€0.04m€0.1m€0.2m▲ 71.8%€0.5m▲ 164%€0.1m▼ 80.2%€0.2m▲ 102%
Net result€0.1m-€0.3m▲ 123%€0.3mabove the sector's middle half▼ 10.0%-€0.005mbelow the sector's middle half€0.4mabove the sector's middle half€0.3mabove the sector's middle half▼ 30.3%-€0.09mbelow the sector's middle half€0.7mabove the sector's middle half
Equity€0.7m-€1.0m▲ 41.9%€1.3mabove the sector's middle half▲ 26.5%€1.3mabove the sector's middle half▼ 0.4%€1.7mabove the sector's middle half▲ 34.1%€2.1mabove the sector's middle half▲ 17.7%€2.0mabove the sector's middle half▼ 4.5%€2.6mwithin the sector's middle half▲ 30.8%
Total assets€4.9m-€4.6m▼ 7.7%€4.3mabove the sector's middle half▼ 6.2%€6.5mabove the sector's middle half▲ 51.8%€5.0mabove the sector's middle half▼ 23.6%€5.1mabove the sector's middle half▲ 3.1%€4.0mabove the sector's middle half▼ 22.1%€6.1mwithin the sector's middle half▲ 54.5%
Debt€4.2m-€3.5m▼ 16.3%€3.0m▼ 15.8%€5.2m▲ 74.9%€3.2m▼ 38.2%€3.0m▼ 4.9%€2.0m▼ 33.9%€3.6m▲ 77.5%
Working capital€0.3m-€0.6m▲ 98.5%€0.8mabove the sector's middle half▲ 40.4%€0.8mwithin the sector's middle half▼ 0.3%€1.1mabove the sector's middle half▲ 41.5%€1.2mabove the sector's middle half▲ 8.1%€1.1mabove the sector's middle half▼ 9.9%€1.4mwithin the sector's middle half▲ 30.7%
Solvency14.8%-22.7%▲ 7.9pp30.6%within the sector's middle half▲ 7.9pp20.1%within the sector's middle half▼ 10.5pp35.3%within the sector's middle half▲ 15.2pp40.3%within the sector's middle half▲ 5.0pp49.4%within the sector's middle half▲ 9.1pp41.8%within the sector's middle half▼ 7.6pp
Current ratio1.12-1.29▲ 0.171.57within the sector's middle half▲ 0.271.21within the sector's middle half▼ 0.361.55within the sector's middle half▲ 0.351.67within the sector's middle half▲ 0.112.21within the sector's middle half▲ 0.551.54within the sector's middle half▼ 0.68
Return on assets (ROA)2.8%-6.7%▲ 3.9pp6.4%within the sector's middle half▼ 0.3pp-0.1%below the sector's middle half▼ 6.5pp9.0%within the sector's middle half▲ 9.0pp6.1%within the sector's middle half▼ 2.9pp-2.3%below the sector's middle half▼ 8.4pp11.5%above the sector's middle half▲ 13.8pp
Staff (FTE)4.8-6.5▲ 35.4%5.8within the sector's middle half▼ 10.8%6.3within the sector's middle half▲ 8.6%6.8within the sector's middle half▲ 7.9%7.9above the sector's middle half▲ 16.2%7.7above the sector's middle half▼ 2.5%7.8within the sector's middle half▲ 1.3%
above
within
below
the middle half of NACE 46, Wholesale trade: 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.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€2.1m ▲ 5.5%
Current assets
€4.0m ▲ 105%
Equity and liabilities €6.1m
Equity
€2.6m ▲ 30.8%
Debt
€3.6m ▲ 77.5%
Debt's share of the balance-sheet total rises from 50.6% to 58.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€430,312▲
2024 · €332,176
Cash flow
€940,323▲
2024 · €142,577
Quick ratio
1.17▲
2024 · 1.11
Debt to equity
1.39▲
2024 · 1.03
ROE
27.5%▲
2024 · -4.7%
Interest coverage
2.36▲
2024 · 1.81
Debt ≤ 1 year
€2.6m▲
2024 · €880,547
Debt > 1 year
€964,591▼
2024 · €1.1m
Income taxes
€7,384▲
2024 · €6,573
Staff costs
€623,211▲
2024 · €557,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0.01m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | ▲ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.03m | €0.04m | €0.3m | €0.03m | ▼ 86.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.004m | - | - |
| Gross operating margin9900 | €0.7m | €0.7m | €0.5m | €0.7m | €0.8m | €1.4m | €1.2m | €1.1m | ▼ 6.0% |
| Operating profit (loss)9901 | €0.2m | €0.2m | -€0.04m | €0.1m | €0.2m | €0.5m | €0.1m | €0.2m | ▲ 102% |
| Financial income75/76B | - | - | - | €0.04m | €0.4m | €0.05m | €336 | €0.7m | ▲ 2,083× |
| Recurring financial income75 | €0.2m | €0.3m | €0.5m | €0.04m | €0.4m | €0.05m | €336 | €0.7m | ▲ 2,083× |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | €0.3m | -€0.002m | €0.4m | €0.3m | -€0.09m | €0.7m | - |
| Income taxes67/77 | €0.02m | €0.02m | €0.004m | €0.002m | €0.002m | €0.03m | €0.007m | €0.007m | ▲ 12.3% |
| Profit (loss) for the period9904 | €0.1m | €0.3m | €0.3m | -€0.005m | €0.4m | €0.3m | -€0.09m | €0.7m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €0.02m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0.02m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.3m | €0.3m | -€0.005m | €0.4m | €0.3m | -€0.07m | €0.7m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.9m | €4.6m | €4.3m | €6.5m | €5.0m | €5.1m | €4.0m | €6.1m | ▲ 54.5% |
| Fixed assets21/28 | €2.3m | €2.1m | €2.1m | €1.9m | €1.9m | €2.1m | €2.0m | €2.1m | ▲ 5.5% |
| Tangible fixed assets22/27 | €2.3m | €2.1m | €2.1m | €1.9m | €1.9m | €2.1m | €2.0m | €2.1m | ▲ 5.5% |
| Land and buildings22 | - | - | - | €1.7m | €1.6m | €1.4m | €1.4m | €1.3m | ▼ 6.6% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.5m | €0.5m | €0.5m | ▲ 14.5% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.03m | €0.02m | €0.01m | ▼ 28.2% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 77.8% |
| Financial fixed assets28 | €0.05m | €0.001m | €0.001m | €0.02m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Current assets29/58 | €2.6m | €2.4m | €2.1m | €4.5m | €3.1m | €3.0m | €1.9m | €4.0m | ▲ 105% |
| Stocks and contracts in progress3 | €0.9m | €1.0m | €1.5m | €1.0m | €1.4m | €1.4m | €1.0m | €1.0m | ▼ 1.2% |
| Stocks30/36 | - | - | - | €1.0m | €1.4m | €1.4m | €1.0m | €1.0m | ▼ 1.2% |
| Amounts receivable within one year40/41 | €1.3m | €1.0m | €0.5m | €2.4m | €1.2m | €1.0m | €0.4m | €2.5m | ▲ 579% |
| Trade receivables40 | - | - | - | €2.3m | €1.1m | €0.9m | €0.2m | €2.4m | ▲ 12× |
| Other amounts receivable41 | - | - | - | €0.08m | €0.09m | €0.1m | €0.2m | €0.04m | ▼ 76.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.04m | €0.004m | €0.08m | €0.2m | €0.04m | €0.1m | €0.01m | ▼ 91.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1.1m | €0.3m | €0.5m | €0.5m | €0.6m | ▲ 19.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.9m | €4.6m | €4.3m | €6.5m | €5.0m | €5.1m | €4.0m | €6.1m | ▲ 54.5% |
| Equity10/15 | €0.7m | €1.0m | €1.3m | €1.3m | €1.7m | €2.1m | €2.0m | €2.6m | ▲ 30.8% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.4m | €0.7m | €1.0m | €1.0m | €1.4m | €1.7m | €1.6m | €2.2m | ▲ 37.5% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | - | - | €0.02m | - | - | - |
| Distributable reserves133 | - | - | - | €0.9m | €1.4m | €1.7m | €1.6m | €2.2m | ▲ 38.4% |
| Amounts payable17/49 | €4.2m | €3.5m | €3.0m | €5.2m | €3.2m | €3.0m | €2.0m | €3.6m | ▲ 77.5% |
| Amounts payable after more than one year17 | €1.8m | €1.6m | €1.5m | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 14.9% |
| Financial debts170/4 | - | - | - | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 14.9% |
| Amounts payable within one year42/48 | €2.3m | €1.9m | €1.4m | €3.8m | €2.0m | €1.8m | €0.9m | €2.6m | ▲ 196% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 16.5% |
| Financial debts43 | - | - | - | €2.6m | €1.1m | €0.6m | - | €1.9m | - |
| Credit institutions430/8 | - | - | - | €2.6m | €1.1m | €0.6m | - | €1.9m | - |
| Trade debts44 | €0.2m | €0.3m | €0.07m | €0.4m | €0.1m | €0.4m | €0.03m | €0.2m | ▲ 569% |
| Suppliers440/4 | - | - | - | €0.4m | €0.1m | €0.4m | €0.03m | €0.2m | ▲ 569% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.05m | €0.06m | €0.06m | €0.06m | ▲ 6.7% |
| Taxes450/3 | - | - | - | €0.05m | €0.002m | €79 | €426 | €0.002m | ▲ 323% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.04m | €0.06m | €0.06m | €0.06m | ▲ 4.3% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.07m | ▼ 86.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.03m | €0.02m | - | €0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136,935 | €305,306 | €274,812 | -€4,640 | €444,567 | €309,645 | -€92,728 | €705,523 | - |
| + Depreciation and write-downs630 | €220,471 | €211,642 | €208,409 | €202,541 | €184,142 | €226,404 | €235,304 | €234,800 | ▼ 0.2% |
| Operating cash flow (approximation) | €357,405 | €516,948 | €483,222 | €197,902 | €628,709 | €536,050 | €142,577 | €940,323 | ▲ 560% |
| Investment in fixed assets (approximation) | - | -€10,035 | -€216,014 | -€26,674 | -€115,231 | -€485,074 | -€128,488 | -€346,862 | ▼ 170% |
| Change in cash | - | -€166,212 | -€31,493 | €76,391 | €72,562 | -€117,280 | €105,920 | -€130,334 | - |
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 | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-08-2026 | 2026-00395773 | NBB |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00465677 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00317318 | |
| 31-12-2022 | abbreviated format | 26-07-2023 | 2023-00272861 | |
| 31-12-2021 | abbreviated format | 11-08-2022 | 2022-20283344 | |
| 31-12-2020 | abbreviated format | 17-08-2021 | 2021-49400009 | |
| 31-12-2019 | abbreviated format | 22-07-2020 | 2020-32400202 | |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-34900190 | |
| 31-12-2017 | abbreviated format | 27-07-2018 | 2018-38900152 | |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-23500105 |
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Of the 1,150 active companies whose main activity is wholesale of other household goods (NACE 46499), figures are known for 742. 392 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €61,007 awarded · €61,007 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €7,453 | €7,453 |
| 2024 | 1 | €8,248 | €8,248 |
| 2023 | 3 | €34,918 | €34,918 |
| 2022 | 2 | €10,388 | €10,388 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
3 directors, 2 in day-to-day management, last change in 2025
Board 3
Current
SESA
Current
Director (not named in the articles) · appointed in the act of 27-02-2024 · Private limited company · permanent representative: HERMANS Stijn · in the 2025 annual accounts, filed on 13-08-2026
HERMANS Herman
Current
Director (not named in the articles) · appointed in the act of 23-01-2025 · in the 2025 annual accounts, filed on 13-08-2026
Day-to-day management 2
HERMANS Herman Jozef Julia
Current
Managing director · appointed in the act of 21-06-2023
SESA
Current
Managing director · appointed in the act of 23-01-2025 · Private limited company · permanent representative: HERMANS Stijn
Permanent representatives 1
HERMANS Stijn
Current
Permanent representative · appointed in the act of 27-02-2024 · for SESA
Mandate history
5 people, 3 in office
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| HERMANS Herman Jozef Julia |
|
| HERMANS Herman |
|
| SESA |
|
| HERMANS,Stijn |
|
| Panta Rhei |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “2. Binnen de grenzen van het dagelijks bestuur wordt de vennootschap ook in en buiten rechte geldig vertegenwoordigd door de dagelijks…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één enkele bestuurder, collegiaal bestuursorgaan,raad van bestuur genoemd”“Vaste vertegenwoordiger van rechtspersoon-bestuurder, zelfde regels van openbaarmaking alsof hij in eigen naam en voor eigen rekening zou…”“Gewone algemene vergadering in boekjaar waarin mandaat volgens benoemingsbesluit verstrijkt, algemene vergadering kan elk mandaat te allen…”“Eerstvolgende algemene vergadering moet bevestigen, overblijvende bestuurders”“Meest uitgebreide macht voor alle handelingen nodig of dienstig tot verwezenlijking voorwerp, waarvoor volgens wet of statuten algemene…”
Articles of association, deed of 05-06-2023
Owners and capital
Owners
1 ownerChain of control
- SESA
- TIMSTOR
Owners 1
- SESAparentSourceaccounts SESA 2025100%
Capital and shareholders
Capital over the years
- 05-06-2023 Capital stated in the deed · €351,200 · 1,405 shares
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “1”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Dagelijks bestuur, bestuursorgaan bepaalt of zij alleen,dan wel gezamenlijk optreden”Other provision: “Nettowinst en wettelijke reserve, 5”Liquidation distribution: “Na aanzuivering van alle schulden,lasten en kosten van vereffening of na consignatie van nodige gelden, netto-actief in geld of effecten…”2 more provisions in the deed, see the deed of 05-06-2023
Articles of association, deed of 05-06-2023 (in Dutch)
Group and network
Connections & network
3 current directorsThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
13-08
financial year 2025 · full format · 13 days late
2025
31-12
Financial
Back to profitnet €705,523
Net result €705,523 after one loss-making year.
31-12
Financial
Equity above €2mequity €2.6m ▲30.8%
Equity rises from €2.0m to €2.6m.
28-08
financial year 2024 · abbreviated format · 28 days late
23-01
Gazette deed
Appointments: SESA (director) and HERMANS Herman (director)Permanent representative: HERMANS Stijn · Board rule11 facts ▸
Gazette deed
Appointments: SESA (director) and HERMANS Herman (director)
Permanent representative: HERMANS Stijn · Board rule11 facts ▸
- General meeting, 27-11-2024
- Other provision, “alle huidige bestuurders, ontslag alle huidige bestuurders” (deed in Dutch)
- Other provision, “volledige en algehele kwijting, uitoefening van hun mandaat” (deed in Dutch)
- Board rule, 2, “algemene vergadering” (deed in Dutch)
- Director appointment, SESA (director (not named in the articles))
- Director appointment, HERMANS Herman (director (not named in the articles))
- Permanent representative, HERMANS Stijn
- Other provision, “geen verzetsmaatregel, niet getroffen te zijn door enige maatregel die zich hiertegen verzet” (deed in Dutch) (2 times)
- Board meeting, “eenparigheid van stemmen, benoeming van de gedelegeerd bestuurder” (deed in Dutch)
- Director appointment, SESA (managing director)
- Other provision, “heffing vergadering, Niets meer op de agenda wordt de vergadering geheven” (deed in Dutch)
2024
31-12
Financial
Weakest financial yearnet -€92,728
Net result drops to -€92,728, the lowest in the series; recovery starts the following year.
05-08
Gazette deed
Resignations & appointments · MiscellaneousCorrection1 fact ▸
Gazette deed
Resignations & appointments · Miscellaneous
Correction1 fact ▸
- Correction, “actief, ontslag als bestuurder en gedelegeerd bestuurder” (deed in Dutch)
31-07
financial year 2023 · abbreviated format
27-02
Gazette deed
Appointment: Sesa BV (director)Permanent representative: Hermans Stijn · Resignations: Hermans Stijn (director) and Hermans Herman (director) · Director discharge7 facts ▸
Gazette deed
Appointment: Sesa BV (director)
Permanent representative: Hermans Stijn · Resignations: Hermans Stijn (director) and Hermans Herman (director) · Director discharge7 facts ▸
- General meeting, 22-01-2024
- Director appointment, Sesa BV (director)
- Permanent representative, Hermans Stijn (director)
- Director resignation, Hermans Stijn (director)
- Director discharge, Hermans Stijn (director)
- Director resignation, Hermans Herman (director)
- Director discharge, Hermans Herman (director)
2023
31-12
Financial
Equity above €2mequity €2.1m ▲17.7%
2 profitable years in a row build equity to €2.1m.
26-07
financial year 2022 · abbreviated format
21-06
Gazette deed
Appointments: Panta Rhei, HERMANS Herman Jozef Julia and HERMANS Stijn6 facts ▸
Gazette deed
Appointments: Panta Rhei, HERMANS Herman Jozef Julia and HERMANS Stijn
6 facts ▸
- General meeting, 15-05-2023
- Director appointment, Panta Rhei (sole director)
- Director appointment, HERMANS Herman Jozef Julia (director)
- Director appointment, HERMANS Stijn (director)
- Board meeting, “bestuursorgaan” (deed in Dutch)
- Director appointment, HERMANS Herman Jozef Julia (managing director)
Show earlier events
05-06
Gazette deed
Resignations: HERMANS Herman Jozef Julia (director) and HERMANS Stijn (director)Appointment: Panta Rhei (sole director) · Permanent representative: HERMANS Herman Jozef Julia · Amendment of the articles9 facts ▸
Gazette deed
Resignations: HERMANS Herman Jozef Julia (director) and HERMANS Stijn (director)
Appointment: Panta Rhei (sole director) · Permanent representative: HERMANS Herman Jozef Julia · Amendment of the articles9 facts ▸
- Amendment of the articles
- Capital, €351,200
- Director resignation, HERMANS Herman Jozef Julia (director)
- Director resignation, HERMANS Stijn (director)
- Board rule, “enige bestuursmodel toepassen” (deed in Dutch)
- Director appointment, Panta Rhei (sole director)
- Permanent representative, HERMANS Herman Jozef Julia
- Registered office clause, “2370 Arendonk,Hoge Mauw 1040” (deed in Dutch)
- Power of attorney, KAMA Accounting & Fiscaliteit
2022
31-12
Financial
Back to profitnet €444,567
Net result €444,567 after one loss-making year.
11-08
financial year 2021 · abbreviated format · 11 days late
2021
17-08
financial year 2020 · abbreviated format · 17 days late
2020
22-07
financial year 2019 · abbreviated format
2019
31-12
Financial
Equity above €1mequity €1.0m ▲41.9%
A profit in every financial year since 2018 builds equity to €1.0m.
18-07
financial year 2018 · abbreviated format
2018
27-07
financial year 2017 · abbreviated format
2017
28-06
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
TIMSTOR in Dutch
Enterprise number
0442.044.737
Legal form
Public limited company
Status
Active, normale toestand
Founded
07-12-1990
Type
Legal entity
Where it is based
Registered office
Hoge Mauw 1040, 2370 Arendonk, Belgium
Establishments
2 establishment units since 1990
What it does
NACEBEL 202546499
Wholesale of other household goods main activity
Invoicing and payment
VAT number
BE 0442.044.737
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De groot- en kleinhandel in mercerie,stoffen en seizoenartikelen,in de meest ruime betekenis; Het verrichten van alles wat met het…”
2 activities
- De groot- en kleinhandel in mercerie,stoffen en seizoenartikelen,in de meest ruime betekenis.
- Het verrichten van alles wat met het vorenstaande in verband staat of daartoe dienstig of bevorderlijk kan zijn alles in de ruimste zin.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIMSTOR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 20:00
Articles of association, deed of 05-06-2023 (in Dutch)
Recognitions · licences · registrations
Legal Entity Identifier
549300RJOMP7GF6PMO58
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
2 establishment units
t.s.a. Arendonk Belgium
since 1990unit no. 2.050.738.366
Hoge Mauw 1121, 2370 Arendonk
since 2020unit no. 2.301.962.824
Buildings and parcels at the addresses
Ground area
1.4 ha
Building footprint
4,559 m²
Building volume
8,889 m³
2 parcels, Flanders · tallest building 7.7 m.
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13322C1263/00N000 | Flanders | 9,283 m² | 1 · 1,554 m² | 6.6 m · 2 |
| 13322C1193/00L000 | Flanders | 5,000 m² | 1 · 3,005 m² | 7.7 m |