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Timulis Group

Active
Private limited companyfounded 20241 yr activeBurggravenlaan 66, 9940 Evergem, BelgiumKBO/BCE: BE 1014.716.505
Summary

Timulis Group has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,283 and a net result of €14,695. Its solvency ranks better than 57% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency83▲+4
Growth78
Track record82
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.16 in 2024; short-term debt: 42.1% and cash: 0% of total assets), and 42.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
57.9%
Return on assets
36.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
25 d early
2024
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 October 2024, Timulis Group was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€23,283▲ 171%
2024 · €8,588
Total assets
€40,223▲ 152%
2024 · €15,968
Net result
€14,695▲ 163%
2024 · €5,588
Working capital
€21,541▲ 151%
2024 · €8,588
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€7,316-€21,859▲ 199%
Net result€5,588-€14,695▲ 163%
Equity€8,588-€23,283▲ 171%
Total assets€15,968-€40,223▲ 152%
Debt€7,380-€16,940▲ 130%
Working capital€8,588-€21,541▲ 151%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2024: €7,316€7,316Net result 2024: €5,588€5,588Operating result 2025: €21,859€21,859Net result 2025: €14,695€14,69520242025€0€10,000€20,000Operating result 2024: €7,316€7,320Net result 2024: €5,588€5,590Operating result 2025: €21,859€21,900Net result 2025: €14,695€14,70020242025
The operating result rises in 2025; 2025 is 199% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,223
Fixed assets €1,742
Current assets €38,480
Equity and liabilities €40,223
Equity €23,283 ▲ 171%
Debt €16,940 ▲ 130%
Debt's share of the balance-sheet total falls from 46.2% to 42.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€22,020
Cash flow
€14,857
Current ratio
2.27▲
2024 · 2.16
Debt to equity
0.73▼
2024 · 0.86
ROE
63.1%▼
2024 · 65.1%
ROA
36.5%▲
2024 · 35.0%
Interest coverage
11.18
Debt ≤ 1 year
€16,940▲
2024 · €7,380
Income taxes
€5,384▲
2024 · €1,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% 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 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€15,968€40,223▲
Fixed assets21/28-€1,742
Tangible fixed assets22/27-€1,742
Furniture and vehicles24-€1,742
Current assets29/58€15,968€38,480▲
Amounts receivable within one year40/41€6,234€30,834▲
Trade receivables40€6,234€27,379▲
Other amounts receivable41-€3,455
Cash at bank and in hand54/58€2,152€13▼
Deferred charges and accrued income490/1€7,583€7,634▲
Equity and liabilities
Total equity and liabilities10/49€15,968€40,223▲
Equity10/15€8,588€23,283▲
Contributions10/11€3,000€3,000=
Reserves13€5,588€20,283▲
Distributable reserves133€5,588€20,283▲
Amounts payable17/49€7,380€16,940▲
Amounts payable within one year42/48€7,380€16,940▲
Trade debts44€1,416€1,899▲
Suppliers440/4€1,416€1,899▲
Taxes, remuneration and social security45€5,931€15,041▲
Taxes450/3€5,931€12,941▲
Remuneration and social security454/9-€2,100
Other amounts payable47/48€34€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€162
Other operating charges640/8€437€534▲
Gross operating margin9900€7,752€22,554▲
Operating profit (loss)9901€7,316€21,859▲
Financial income75/76B-€190
Recurring financial income75-€190
Financial charges65/66B€43€1,969▲
Recurring financial charges65€43€1,969▲
Profit (loss) for the period before taxes9903€7,273€20,080▲
Income taxes67/77€1,685€5,384▲
Profit (loss) for the period9904€5,588€14,695▲
Profit (loss) for the period to be appropriated9905€5,588€14,695▲
Appropriation of the result
Profit (loss) to be appropriated9906€5,588€14,695▲
Transfer to equity691/2€5,588€14,695▲
To the legal reserve6920€5,588-
To other reserves6921-€14,695

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€162-
Other operating charges640/8€437€534▲ 22.3%
Gross operating margin9900€7,752€22,554▲ 191%
Operating profit (loss)9901€7,316€21,859▲ 199%
Financial income75/76B-€190-
Recurring financial income75-€190-
Financial charges65/66B€43€1,969▲ 4,495%
Recurring financial charges65€43€1,969▲ 4,495%
Profit (loss) for the period before taxes9903€7,273€20,080▲ 176%
Income taxes67/77€1,685€5,384▲ 220%
Profit (loss) for the period9904€5,588€14,695▲ 163%
Profit (loss) for the period to be appropriated9905€5,588€14,695▲ 163%
Line20242025Change
Assets
Total assets20/58€15,968€40,223▲ 152%
Fixed assets21/28-€1,742-
Tangible fixed assets22/27-€1,742-
Furniture and vehicles24-€1,742-
Current assets29/58€15,968€38,480▲ 141%
Amounts receivable within one year40/41€6,234€30,834▲ 395%
Trade receivables40€6,234€27,379▲ 339%
Other amounts receivable41-€3,455-
Cash at bank and in hand54/58€2,152€13▼ 99.4%
Deferred charges and accrued income490/1€7,583€7,634▲ 0.7%
Equity and liabilities
Total equity and liabilities10/49€15,968€40,223▲ 152%
Equity10/15€8,588€23,283▲ 171%
Contributions10/11€3,000€3,000=
Reserves13€5,588€20,283▲ 263%
Distributable reserves133€5,588€20,283▲ 263%
Amounts payable17/49€7,380€16,940▲ 130%
Amounts payable within one year42/48€7,380€16,940▲ 130%
Trade debts44€1,416€1,899▲ 34.1%
Suppliers440/4€1,416€1,899▲ 34.1%
Taxes, remuneration and social security45€5,931€15,041▲ 154%
Taxes450/3€5,931€12,941▲ 118%
Remuneration and social security454/9-€2,100-
Other amounts payable47/48€34€0▼ 100%
Line20242025Change
Profit (loss) for the period9904€5,588€14,695▲ 163%
+ Depreciation and write-downs630-€162-
Operating cash flow (approximation)€5,588€14,857▲ 166%
Change in cash--€2,139-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Evergem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
406 m²
Building footprint
147 m²
Volume, LiDAR
652 m³
Parcel 44019A1753/00M003, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Timulis Group
Burggravenlaan 66, 9940 EvergemRetail trade
since 20242.365.141.496
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44019A1753/00M003 Flanders 405 m² 1 · 147 m² 8.6 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 4,561 companies in sector 74999 we hold annual accounts for 1,935. 1,348 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
Founded07-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014716505
Also 9925:BE1014716505
Registered 26-03-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.