SH Timberstock
ActiveSH Timberstock has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €800. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.13 in 2024; short-term debt: 17.1% and cash: 2.1% of total assets), and 17.1% 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
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
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
82.9%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
80 d early
2023
16 d early
2022
29 d late
2021
31 d late
2020
13 d late
2019
48 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▲ 0.7%
2024 · €120k
2018: €14k
2019: €132k
2020: €123k
2021: €119k
2022: €119k
2023: €120k
2024: €120k
2018 → 2025
Total assets
€146k▼ 0.3%
2024 · €146k
2018: €56k
2019: €193k
2020: €144k
2021: €143k
2022: €145k
2023: €144k
2024: €146k
2018 → 2025
Net result
€800▲ 182%
2024 · €284
2018: €-1k
2019: €2k
2020: €-9k
2021: €-5k
2022: €545
2023: €379
2024: €284
2018 → 2025
Working capital
€-22k▲ 3.5%
2024 · €-23k
2018: €-42k
2019: €-40k
2020: €-19k
2022: €-23k
2023: €-23k
2024: €-23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€119k▲ 0.5%€120k▲ 0.3%€120k▲ 0.2%€121k▲ 0.7%
Operating result€-5k-€569€403▼ 29.2%€308▼ 23.7%€824▲ 168%
Net result€-5k-€545€379▼ 30.5%€284▼ 25.2%€800▲ 182%
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 168% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€143k=
Current assets
€3k▼ 11.8%
Equity and liabilities €146k
Equity
€121k▲ 0.7%
Debt
€25k▼ 4.6%
The debt ratio falls from 17.8% to 17.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
82.9%▲
2024 · 82.2%
Current ratio
0.12▼
2024 · 0.13
Quick ratio
0.12▼
2024 · 0.13
Debt / equity
0.21▼
2024 · 0.22
ROE
0.7%▲
2024 · 0.2%
ROA
0.5%▲
2024 · 0.2%
Debt
€25k▼
2024 · €26k
Debt ≤ 1 year
€25k▼
2024 · €26k
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€146k€146k▼
Fixed assets21/28€143k€143k=
Tangible fixed assets22/27€143k€143k=
Land and buildings22€143k€143k=
Current assets29/58€3k€3k▼
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€146k€146k▼
Equity10/15€120k€121k▲
Contributions10/11€169k€169k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€-79k€-78k▲
Amounts payable17/49€26k€25k▼
Amounts payable within one year42/48€26k€25k▼
Trade debts44-€151
Suppliers440/4-€151
Other amounts payable47/48€26k€25k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€2k€2k▲
Operating profit (loss)9901€308€824▲
Financial charges65/66B€24€24=
Recurring financial charges65€24€24=
Profit (loss) for the period before taxes9903€284€800▲
Profit (loss) for the period9904€284€800▲
Profit (loss) for the period to be appropriated9905€284€800▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-78k▲
Profit (loss) brought forward from the previous period14P€-79k€-79k▲
The notes to these accounts (2 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €545
Net result €545 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Weakest financial yearnet €-9k ▼571%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Equity above €100kEq €132k ▲851%
Equity rises from €14k to €132k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 104 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Tienen · 1 establishment unit since 1999
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.
Dr. J. Geensstraat 303300 TienenGround area
452 m²
Building footprint
283 m²
Volume, LiDAR
2,529 m³
2 parcels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Smolders Didier Tuinaanleg
since 19992.090.422.947
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0257/00T000 | Flanders | 327 m² | 1 · 182 m² | 13.1 m · 3 fl. |
| 24594C0019/00V002 | Flanders | 125 m² | 1 · 101 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-1999
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.