TYTGAT TIMO
ActiveTYTGAT TIMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €106k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 2526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+15
Solvency89▲+11
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 2.58 in 2024; short-term debt: 24.7% and cash: 41.1% of total assets), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.1%
Return on assets
22.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
29 d late
2024
5 d early
2023
1 d early
2022
17 d early
2021
18 d early
2020
23 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▲ 52.4%
2024 · €201k
2020: €45k
2021: €95k
2022: €152k
2023: €201k
2024: €201k
2020 → 2025
Total assets
€479k▲ 26.5%
2024 · €378k
2020: €157k
2021: €216k
2022: €335k
2023: €345k
2024: €378k
2020 → 2025
Net result
€106k▲ 171%
2024 · €39k
2020: €44k
2021: €51k
2022: €58k
2023: €51k
2024: €39k
2020 → 2025
Working capital
€289k▲ 60.4%
2024 · €181k
2020: €27k
2021: €63k
2022: €142k
2023: €172k
2024: €181k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€152k▲ 60.1%€201k▲ 32.9%€201k=€307k▲ 52.4%
Operating result€77k-€83k▲ 7.4%€78k▼ 6.3%€55k▼ 29.7%€156k▲ 185%
Net result€51k-€58k▲ 13.8%€51k▼ 12.1%€39k▼ 22.7%€106k▲ 171%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 185% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479k
Fixed assets
€71k▼ 14.6%
Current assets
€408k▲ 38.1%
Equity and liabilities €479k
Equity
€307k▲ 52.4%
Debt
€172k▼ 2.9%
The debt ratio falls from 46.8% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189k▲
2024 · €87k
Cash flow
€140k▲
2024 · €71k
Solvency
64.1%▲
2024 · 53.2%
Current ratio
3.45▲
2024 · 2.58
Quick ratio
2.44▲
2024 · 1.54
Debt / equity
0.56▼
2024 · 0.88
ROE
34.7%▲
2024 · 19.5%
ROA
22.2%▲
2024 · 10.4%
Interest coverage
32.66▲
2024 · 15.28
Debt
€172k▼
2024 · €177k
Debt ≤ 1 year
€118k▲
2024 · €115k
Debt > 1 year
€49k▼
2024 · €58k
Income taxes
€50k▲
2024 · €14k
Staff costs
€22k▼
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€378k€479k▲
Fixed assets21/28€83k€71k▼
Intangible fixed assets21€322€22▼
Tangible fixed assets22/27€83k€71k▼
Land and buildings22€49k€44k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€31k€22k▼
Current assets29/58€295k€408k▲
Stocks and contracts in progress3€118k€120k▲
Stocks30/36€118k€120k▲
Amounts receivable within one year40/41€32k€30k▼
Trade receivables40€20k€21k▲
Other amounts receivable41€12k€10k▼
Current investments50/53€60k€60k=
Cash at bank and in hand54/58€84k€197k▲
Deferred charges and accrued income490/1€818€889▲
Equity and liabilities
Total equity and liabilities10/49€378k€479k▲
Equity10/15€201k€307k▲
Contributions10/11€2k€2k=
Reserves13€199k€305k▲
Distributable reserves133€199k€305k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€177k€172k▼
Amounts payable after more than one year17€58k€49k▼
Financial debts170/4€58k€49k▼
Amounts payable within one year42/48€115k€118k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€4k€34k▲
Taxes450/3€2k€31k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€99k€68k▼
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€24k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€33k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€112k€213k▲
Operating profit (loss)9901€55k€156k▲
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€53k€157k▲
Income taxes67/77€14k€50k▲
Profit (loss) for the period9904€39k€106k▲
Profit (loss) for the period to be appropriated9905€39k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€106k▲
Transfer to equity691/2€0€106k▲
To other reserves6921€0€106k▲
Profit to be distributed694/7€39k€833▼
Return on contributions (dividend)694€39k€833▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2020net €106k ▲171%
Operating result €156k, net result €106k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €39k ▼22.7%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €201k ▲32.9%
4 profitable years in a row build equity to €201k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €152k ▲60.1%
3 profitable years in a row build equity to €152k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Roeselare · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogstraat 948800 RoeselareGround area
372 m²
Building footprint
226 m²
Parcel 36302B0265/00K004, Flanders. Linked by address, not a title deed.
1 establishment unit
Velo Timo
since 20202.309.776.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0265/00K004 | Flanders | 372 m² | 1 · 226 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,545 companies in sector 95290 we hold annual accounts for 414. 281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2020
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
95290Repair and maintenance of other personal and household goods
45402
46495Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
77210Renting and leasing of sports and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.