TIMUR
ActiveSummary
The computed 12-month bankruptcy probability of TIMUR is 3.3% (moderate). The 2024 annual accounts show negative equity (€-83k) and a net result of €36k. Equity is growing by ~10.3% per year across the filed fiscal years. The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.01 against 0.89 in 2023; short-term debt: 49.2% and cash: 3.2% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-137.2%
Return on assets
60.1%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
91 d late
2022
88 d late
2021
92 d late
2020
132 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€-83k▲ 30.5%
2023 · €-119k
Total assets
€60k▲ 0.4%
2023 · €60k
Net result
€36k▼ 17.5%
2023 · €44k
Working capital
€30k
2023 · €-7k
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
Line20202021202220232024
Operating result€42k▲ 10.5%€-136k€108k€44k▼ 59.2%€36k▼ 17.4%
Net result€41k▲ 8.4%€-137k€98k€44k▼ 55.2%€36k▼ 17.5%
Equity€-124k▲ 24.7%€-261k▼ 110%€-163k▲ 37.6%€-119k▲ 27.0%€-83k▲ 30.5%
Total assets€170k▲ 8.2%€156k▼ 8.7%€108k▼ 30.8%€60k▼ 44.3%€60k▲ 0.4%
Debt€295k▼ 8.6%€416k▲ 41.4%€271k▼ 35.0%€179k▼ 33.9%€143k▼ 20.1%
Working capital€-132k▲ 24.4%€-75k▲ 43.1%€-51k▲ 31.3%€-7k▲ 86.6%€30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€594 ▼ 53.2%
Current assets
€60k ▲ 1.5%
Key figures and ratios
EBITDA
€37k▼
2023 · €45k
Cash flow
€37k▼
2023 · €45k
Solvency
-137.2%▲
2023 · -198.0%
Current ratio
2.01▲
2023 · 0.89
Debt to equity
-1.73▼
2023 · -1.50
ROA
60.1%▼
2023 · 73.2%
Interest coverage
222.06▼
2023 · 291.90
Debt ≤ 1 year
€30k▼
2023 · €66k
Debt > 1 year
€11k=
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €7k | €674 | €674 | = |
| Other operating charges640/8 | - | €2k | €170 | €2k | €2k | ▼ 21.7% |
| Gross operating margin9900 | €52k | €-126k | €115k | €47k | €39k | ▼ 17.3% |
| Operating profit (loss)9901 | €42k | €-136k | €108k | €44k | €36k | ▼ 17.4% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €2 | - | €0 | - | - | - |
| Financial charges65/66B | - | €141 | €170 | €153 | €167 | ▲ 8.9% |
| Recurring financial charges65 | €183 | €141 | €170 | €153 | €167 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €42k | €-137k | €108k | €44k | €36k | ▼ 17.5% |
| Income taxes67/77 | €1k | - | €10k | - | - | - |
| Profit (loss) for the period9904 | €41k | €-137k | €98k | €44k | €36k | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €41k | €-137k | €98k | €44k | €36k | ▼ 17.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170k | €156k | €108k | €60k | €60k | ▲ 0.4% |
| Fixed assets21/28 | €21k | €6k | €2k | €1k | €594 | ▼ 53.2% |
| Tangible fixed assets22/27 | €15k | €6k | €2k | €1k | €594 | ▼ 53.2% |
| Other tangible fixed assets26 | - | €6k | €2k | €1k | €594 | ▼ 53.2% |
| Financial fixed assets28 | €6k | - | - | - | - | - |
| Current assets29/58 | €150k | €149k | €106k | €59k | €60k | ▲ 1.5% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €111k | €111k | €105k | €58k | €58k | ▲ 0.3% |
| Trade receivables40 | - | €111k | €52k | €5k | €5k | = |
| Other amounts receivable41 | - | - | €53k | €53k | €53k | ▲ 0.3% |
| Cash at bank and in hand54/58 | €7k | €39k | €655 | €1k | €2k | ▲ 60.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170k | €156k | €108k | €60k | €60k | ▲ 0.4% |
| Equity10/15 | €-124k | €-261k | €-163k | €-119k | €-83k | ▲ 30.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-143k | €-279k | €-181k | €-137k | €-101k | ▲ 26.4% |
| Amounts payable17/49 | €295k | €416k | €271k | €179k | €143k | ▼ 20.1% |
| Amounts payable after more than one year17 | - | €11k | €11k | €11k | €11k | = |
| Other amounts payable178/9 | - | €11k | €11k | €11k | €11k | = |
| Amounts payable within one year42/48 | €281k | €224k | €157k | €66k | €30k | ▼ 54.8% |
| Trade debts44 | €264k | €208k | €148k | €61k | €25k | ▼ 58.5% |
| Suppliers440/4 | - | €208k | €148k | €61k | €25k | ▼ 58.5% |
| Taxes, remuneration and social security45 | - | €222 | - | - | - | - |
| Taxes450/3 | - | €222 | - | - | - | - |
| Other amounts payable47/48 | - | €16k | €9k | €4k | €4k | ▼ 4.5% |
| Accrued charges and deferred income492/3 | - | €182k | €102k | €102k | €102k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €-137k | €98k | €44k | €36k | ▼ 17.5% |
| + Depreciation and write-downs630 | €9k | €9k | €7k | €674 | €674 | = |
| Operating cash flow (approximation) | €50k | €-128k | €104k | €45k | €37k | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €6k | €-2k | €0 | €0 | - |
| Change in cash | - | €32k | €-38k | €560 | €732 | ▲ 30.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.89 to 2.01; short-term debt falls from €66k to €30k.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Back to profitnet €98k
Net result €98k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 195 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 560 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 925 days late
2019
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Brussel · 2 establishment units since 1999
Ground area
9,743 m²
Building footprint
1,659 m²
Volume, LiDAR
30,383 m³
3 parcels, Brussels · tallest building 29.7 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
LE BAR A TAPAS
since 19992.126.129.835
EN FACE
since 20072.166.853.603
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 1,407 m² | 29.7 m · 6 fl. |
| 21811M1030/00E000 | Brussels | 255 m² | 1 · 129 m² | 20.0 m · 6 fl. |
| 21811M0970/00Y000 | Brussels | 143 m² | 1 · 123 m² | 21.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded23-07-1999
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.