Investments
€13,856 2.3 × depreciation
Green is investment, beige is depreciation.
TIMSYS
Lifetime
13 annual accounts with figures on one time axispeak €65,229 (2013)
€9,431▼ 48.3%
lowest -€22,296 (2023)
€787▼ 94.1%
peak €89,779 (2020)
€56,187▲ 1.4%
€6,078▼ 29.3%
Board2 names since 2012
1 director
Documentsfilings and deeds
03-08-20263 days late
2025micro format
Gross margin from €18,234 to €9,431Result from €13,318 to €787Debts from €8,602 to €6,078Investments €13,856Cash from €34,377 to €15,129
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
Ten of the last ten came late. The 2021 accounts came latest: 26 days after the end of the period.
Position in the sector
90.2%
Higher solvency than 88% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 10,902 companies had the same profile as TIMSYS has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 10,902 companies, not a prediction for TIMSYS. 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.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0845030643
Resignation: (manager)
Director discharge: (manager) · General meeting of 31-08-2017 · Gazette deed
First establishment
Groenstraat 50, Bilzen-Hoeselt
Incorporation
published on 17-04-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TIMSYS Bilzen-Hoeselt | €62,265 | €9,431 | 90.2% | - |
| Yourdailydrive Willebroek | €61,700 | €10,719 | 67.1% | - |
| QUBA Brussels | €70,775 | €8,859 | 81.6% | - |
| PORTLAND LIGHTHOUSE Sint-Katelijne-Waver | €58,881 | €11,115 | 6.0% | - |
| ManageByApps LTD STOCKPORT, CHESSHIRE | €56,536 | €11,348 | 81.7% | - |
| NOT HUMAN Aiseau-Presles | €71,661 | €9,955 | 39.9% | - |
| Alfapay Hasselt | €49,742 | €8,106 | 68.5% | 0 |
These companies have the same main activity as TIMSYS: computer programming (NACE 62100). They are comparable in size and age: total assets between €49,700 and €71,700, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 02-04-2012Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.208.843.1213730 Bilzen-Hoeselt, since 04-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 31-08-2023
Insights on TIMSYS
TIMSYS files the micro format. That format states no turnover. The gross margin fell from €65,229 in 2013 to €9,431 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TIMSYS
- What is the company number of TIMSYS?
- The company number of TIMSYS is 0845.030.643. The VAT number is the same number with BE in front: BE 0845.030.643.
- Where is TIMSYS based?
- The registered office is at Groenstraat 50, 3730 Bilzen-Hoeselt.Company details
- What does TIMSYS do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of TIMSYS?
- TIMSYS is a private limited company (pre-2019) (BVBA).
- When was TIMSYS founded?
- TIMSYS was founded on 02-04-2012.
- Is TIMSYS still active?
- Yes, TIMSYS is an active enterprise in the KBO register.
- What is the turnover of TIMSYS?
- The turnover in financial year 2025 is ≈ €51,000. This figure is estimated from the gross margin of €9,431 and 53 comparable companies (NACE 62100). It probably lies between €27,000 and €98,000. It is a rough estimate.Financials
- Is TIMSYS profitable?
- In financial year 2025, TIMSYS made a profit of €787.
- Where can I find the annual accounts of TIMSYS?
- TIMSYS filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIMSYS due?
- TIMSYS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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