TIMVAL
ActiveSummary
The computed 12-month bankruptcy probability of TIMVAL is 3.7% (moderate). The 2025 annual accounts show equity of €248,080 and a net result of €83,337. Equity has been growing by about 42% per year since 2023. Its solvency ranks better than 79% of 34,954 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-09-2022 Normal situation
- Activity
- Laying of wooden floor and wall coverings NACE 43332and 4 others
- Establishment unit
- 2.335.186.809 1730 Asse, since 12-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.7%
- Turnover
- €368,371
- ▼ 18.5%
- Profit
- €83,337
- ▲ 47.6%
- Equity
- €248,080
- ▲ 50.6%
- Total assets
- €338,274
- ▲ 32.0%
- 2025 accounts filed 47 days after the deadline
Score breakdownraises riskLast filed accounts filed 47 days late; 3 of the last 3 accounts lateLiquidity: current ratio 3.75, cash €586, halvedSize: turnover €368,371, total assets €338,274Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 43, micro). It does better than 79% of them on solvency, 29% on liquidity, 84% on profitability and 54% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 61 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 47 days after the deadline Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514069.
Annual accounts 2025 filed on 16-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 42% higher than in 2024. It is a recovery after the fall in 2024.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €421,986 | €451,872 | €368,371 | ▼ 18.5% |
| Goods, raw materials, services and sundry goods60/61 | €281,844 | €372,215 | €255,497 | ▼ 31.4% |
| Other operating charges640/8 | €715 | €226 | - | - |
| Gross operating margin9900 | €140,141 | €79,657 | €112,519 | ▲ 41.3% |
| Operating profit (loss)9901 | €139,426 | €79,431 | €112,519 | ▲ 41.7% |
| Financial income75/76B | €20 | €7 | €1 | ▼ 92.1% |
| Recurring financial income75 | €20 | €7 | €1 | ▼ 92.1% |
| Financial charges65/66B | €4,414 | €8,380 | €7,390 | ▼ 11.8% |
| Recurring financial charges65 | €4,414 | €8,380 | €7,390 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €135,032 | €71,058 | €105,130 | ▲ 47.9% |
| Income taxes67/77 | €29,235 | €14,613 | €21,792 | ▲ 49.1% |
| Profit (loss) for the period9904 | €105,798 | €56,445 | €83,337 | ▲ 47.6% |
| Profit (loss) for the period to be appropriated9905 | €105,798 | €56,445 | €83,337 | ▲ 47.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €205,179 | €256,306 | €338,274 | ▲ 32.0% |
| Current assets29/58 | €205,179 | €256,306 | €338,274 | ▲ 32.0% |
| Amounts receivable within one year40/41 | €180,634 | €248,057 | €336,704 | ▲ 35.7% |
| Trade receivables40 | €69,938 | €61,978 | €75,547 | ▲ 21.9% |
| Other amounts receivable41 | €110,696 | €186,079 | €261,157 | ▲ 40.3% |
| Cash at bank and in hand54/58 | €24,545 | €7,811 | €586 | ▼ 92.5% |
| Deferred charges and accrued income490/1 | - | €438 | €984 | ▲ 125% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €205,179 | €256,306 | €338,274 | ▲ 32.0% |
| Equity10/15 | €108,298 | €164,742 | €248,080 | ▲ 50.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €105,798 | €162,242 | €245,580 | ▲ 51.4% |
| Amounts payable17/49 | €96,881 | €91,563 | €90,194 | ▼ 1.5% |
| Amounts payable within one year42/48 | €96,881 | €91,563 | €90,194 | ▼ 1.5% |
| Trade debts44 | €67,646 | €47,715 | €55,424 | ▲ 16.2% |
| Suppliers440/4 | €3,552 | €19,333 | €20,310 | ▲ 5.1% |
| Bills of exchange payable441 | €64,095 | €28,382 | €35,114 | ▲ 23.7% |
| Taxes, remuneration and social security45 | €29,235 | €43,848 | €34,770 | ▼ 20.7% |
| Taxes450/3 | €29,235 | €43,848 | €34,770 | ▼ 20.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,798 | €56,445 | €83,337 | ▲ 47.6% |
| Operating cash flow (approximation) | €105,798 | €56,445 | €83,337 | ▲ 47.6% |
| Change in cash | - | -€16,735 | -€7,225 | ▲ 56.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as TIMVAL has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TIMVAL itself is higher: 3.7% within 12 months. It rests on far more data about TIMVAL than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for TIMVAL. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- LUCA Valentin 100 shares (100%) · in cash
Capital transactions
- 14-09-2022 Incorporation · €2,500 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Beslist of mandaat al dan niet ten kosteloze titel wordt uitgeoefend, vergoeding van de bestuurders”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft ten laste overdrager,helft ten laste koper(s) naar evenredigheid aantal aandelen,ook bij weigering erfgenaam of legataris, elke…”
Articles of association, deed of 14-09-2022 (in Dutch)
Network & group
TIMVAL shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of TIMVAL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-09
Gazette deed
IncorporationStarting capital €2,500 · Appointment: LUCA Valentin (director) · Founder9 points ▸
- Incorporation, “TIMVAL” (deed in Dutch)
- Founder, LUCA Valentin (comparant)
- Founding capital, €2,500
- Other provision, “plaatsing inbreng op beschikbare eigen vermogensrekening”, 2500 (deed in Dutch)
- Other provision, “vaststelling statuten, statuten luiden als volgt” (deed in Dutch)
- Capital
- Other provision, “volgende beslissingen hebben slechts uitwerking vanaf die neerlegging, slot- en overgangsbepalingen-inwerkingtreding” (deed in Dutch)
- Registered office clause, “1730 Asse,Zittert,49” (deed in Dutch)
- Director appointment, LUCA Valentin (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0790.686.392
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23322D0130/00B002 | Flanders | 74 m² | 1 · 67 m² | 6.6 m · 1 |