Equity
€302,541 ▲ 7.0%
TimWorks paid out €51,909 in dividends. That is 72% of the 2025 profit.
TimWorks
Lifetime
8 annual accounts with figures on one time axispeak €184,016 (2021)
€175,811▲ 14.2%
peak €83,756 (2021)
€71,744▲ 235%
peak €358,832 (2023)
€302,541▲ 7.0%
€449,487▼ 4.0%
Board1 name since 2017
1 director
Documentsfilings and deeds
31-01-2026on the last day
2025abbreviated format
Gross margin from €153,955 to €175,811Result from €21,438 to €71,744Dividend €51,909Cash from €143,193 to €246,120
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,780 companies had the same profile as TimWorks has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
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 6,780 companies, not a prediction for TimWorks. 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 0208:0675446236
Change of role: , from manager to director
“Het installeren,produceren,ontwerpen,aan-en verkopen van technieken van woningventilatie; Het…” (deed in Dutch) · Gazette deed
Registered office moved from Grimbergen to Elewijt
New registered office: Tervuursesteenweg 631/1, 1982 Elewijt · Previous registered office: Wielewaallaan 49, 1850 Grimbergen · Board meeting of 04-09-2018 · Gazette deed
Incorporation
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TimWorks Zemst | €752,029 | €175,811 | 40.2% | - |
| DCW-TECHNICS Oostkamp | €653,343 | €179,690 | 18.5% | - |
| Climo Hulshout | €786,850 | €212,028 | 11.4% | 1.4 |
| DE COSTER VERWARMING & SANITAIR Kinrooi | €894,800 | €178,350 | 60.5% | - |
| CVF-TECHNICS Evergem | €735,415 | €212,540 | 82.1% | - |
| Installatiebedrijf Taelman Zulte | €803,020 | €187,501 | 49.6% | - |
| DEPETTER TECHNICS Ninove | €781,001 | €191,141 | 49.6% | - |
These companies have the same main activity as TimWorks: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €653,000 and €895,000, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 05-05-2017Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 3 others
- Establishment unit
- 2.264.485.6851850 Grimbergen, since 05-05-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 08-12-2025
Annual accounts to 30-06-2025
- €752,029▲ 0.2%
- Filing
- Filed on 31-01-2026, on the last day of the filing period
Insights on TimWorks
TimWorks files the abbreviated format. That format states no turnover. The gross margin fell from €177,915 in 2018 to €175,811 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 TimWorks
- What is the company number of TimWorks?
- The company number of TimWorks is 0675.446.236. The VAT number is the same number with BE in front: BE 0675.446.236.
- Where is TimWorks based?
- The registered office is at Tervuursesteenweg 631, 1982 Zemst.Company details
- What does TimWorks do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of TimWorks?
- TimWorks is a private limited company (BV).
- When was TimWorks founded?
- TimWorks was founded on 05-05-2017.
- Is TimWorks still active?
- Yes, TimWorks is an active enterprise in the KBO register.
- What is the turnover of TimWorks?
- The turnover in financial year 2025 is ≈ €560,000. This figure is estimated from the gross margin of €175,811 and 41 comparable companies (NACE 432). It probably lies between €460,000 and €820,000.Financials
- Is TimWorks profitable?
- In financial year 2025, TimWorks made a profit of €71,744.
- Where can I find the annual accounts of TimWorks?
- TimWorks filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TimWorks due?
- TimWorks must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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