Equity
-€112,247
Debts exceed assets in financial year 2025.
TIMUR
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €166,340 (2009)
€25,997▼ 32.8%
lowest -€136,607 (2021)
-€29,610▼ €65,840
peak -€15,741 (2009)
-€112,247▼ €29,610
€133,794▼ 6.4%
peak 3.8 FTE (2009)
-not published
Board1 name since 1999
1 directorZouhir Bouziane
Documentsfilings and deeds
30-10-202691 days late
2025micro format
Gross margin from €38,677 to €25,997Loss of €29,610Equity from -€82,637 to -€112,247Investments €5,508
Key points
from the 2025 annual accountsResult
-€29,610 -€29,610
From profit to loss in 2025, after a profit of €36,230 in 2024.
Turnover
≈ €100,000 estimated
The micro format states no turnover.
Debts
€133,794 621% of the balance sheet
After one year 89%Within one year 11%
Of this, €15,057 falls due within a year.
Liquidity
1.07 was 2.01 in 2024
Short-term debts fell from €29,647 to €15,057.
Filings
25 annual accounts 91 days
Latest accounts filed late: after the legal deadline.
Checked score
33
Weak
Financially stronger than 9% of micro companies without a NACE code
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.2 percentage points vs 05-2025
07-2025: 2.2%▲ +0.2 percentage points vs 06-2025
08-2025: 3.0%▲ +0.8 percentage points vs 07-2025
09-2025: 3.4%▲ +0.4 percentage points vs 08-2025
10-2025: 4.2%▲ +0.8 percentage points vs 09-2025
11-2025: 1.8%▼ -2.4 percentage points vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025lowest value
02-2026: 1.8%● unchanged vs 01-2026lowest value
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 4.8%▲ +3.0 percentage points vs 03-2026
05-2026: 5.2%▲ +0.4 percentage points vs 04-2026
06-2026: 6.1%▲ +0.9 percentage points vs 05-2026
07-2026: 6.2%▲ +0.1 percentage points vs 06-2026
08-2026: 7.2%▲ +1.0 percentage point vs 07-2026
09-2026: 8.1%▲ +0.9 percentage points vs 08-2026
10-2026: 10.3%▲ +2.2 percentage points vs 09-2026highest value
11-2026: 6.5%▼ -3.8 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €29,610 (financial year 2025)
Last filed accounts filed 91 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €21,547
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 (no NACE code, micro). It does better than 5% of them on solvency, 14% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as TIMUR has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TIMUR itself is higher: 6.5% within 12 months. It rests on far more data about TIMUR than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for TIMUR. 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
No credit on open account
Liquidity is tight, with a current ratio of 1.07 (2.01 in 2024), below the usual 1.5. Short-term debt is 69.9% and cash 9.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€112,247
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
61 days late
2023
91 days late
2022
88 days late
2021
92 days late
2020
132 days late
2019
96 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 93 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 30 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466456073
Registered office moved within Brussels
New registered office: Borgval 13, 1000 Bruxelles · Previous registered office: Borgval 11, 1000 Bruxelles · General meeting of 25-02-2025 · Gazette deed
New establishment in Brussels
EN FACE, Sint-Goriksstraat 1-3
First establishment
LE BAR A TAPAS, Waterloose Steenweg 412, Ixelles
Official details
Source: KBO- Status
- Active since 23-07-1999Normal situation
- Activity
- “L’exploitation d’un restaurant, d’un snack-bar et de toutes cafétérias, de salons de dégustation, d’hôtels…” (deed in French)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment units
- 2.126.129.8351050 Ixelles, since 07-10-1999
- 2.166.853.6031000 Brussels, since 12-12-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on TIMUR
TIMUR files the micro format. That format states no turnover. The gross margin fell from €127,944 in 2006 to €25,997 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 TIMUR
- What is the company number of TIMUR?
- The company number of TIMUR is 0466.456.073. The VAT number is the same number with BE in front: BE 0466.456.073.
- Where is TIMUR based?
- The registered office is at Borgwal 13, 1000 Brussels.Company details
- What is the legal form of TIMUR?
- TIMUR is a private limited company (BV).
- When was TIMUR founded?
- TIMUR was founded on 23-07-1999.
- Is TIMUR still active?
- Yes, TIMUR is an active enterprise in the KBO register.
- What is the turnover of TIMUR?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €25,997 and 2,934 comparable companies of the same size. It probably lies between €63,000 and €190,000. It is a rough estimate.Financials
- Is TIMUR profitable?
- In financial year 2025, TIMUR made a loss of €29,610.
- Where can I find the annual accounts of TIMUR?
- TIMUR filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIMUR due?
- TIMUR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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