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TIM CONSTRUCT

Active
Private limited company·Algemene bouw van andere niet-residentiële gebouwen· 6 yrs active
Luxemburgstraat 20 ·9140 Temse, Belgium
Open bankruptcy
KBO/BCE: BE 0738.538.402
Watch Print / PDF
Age6 yrs
Board2
Staff (FTE)0.7
Connections43
Real estate1 parcel · 7,219 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for TIM CONSTRUCT according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €85k and a net result of €-47k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
10-06-2026
Bankruptcy Opening
Date: 02-06-2026 · Ondernemingsrechtbank Gent, afdeling Dendermonde · TIM CONSTRUCT BV LUXEM- BURGSTRAAT 20, 9140 TEMSE · Publications in State Gazette ↗

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-47k
Working capital€76k-38.1%
Directors1

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 18-06-2025 with the NBB · fiscal year 2024 · micro
€-50k€0€50k€100kOperating result 2020: €93k€93kNet result 2020: €67k€67kOperating result 2021: €64k€64kNet result 2021: €42k€42kOperating result 2022: €32k€32kNet result 2022: €16k€16kOperating result 2023: €8k€8kNet result 2023: €6k€6kOperating result 2024: €-31k€-31kNet result 2024: €-47k€-47k20202021202220232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 81.4% 39.4%
better than 92% of 3827 sector peers
Net result €-47k €9k
better than 5% of 3824 sector peers
Equity €85k €29k
better than 83% of 3832 sector peers
Gross operating margin €28k €26k
better than 52% of 3822 sector peers
Staff costs €29k €16k
higher than 60% of 1125 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P92
2020: P81 · n=4412021: P63 · n=11242022: P70 · n=22302023: P83 · n=31292024: P92 · n=38272020 2024
Improving position over 2020-2024 · n=441-3827
Net result P5
2020: P95 · n=4382021: P87 · n=11242022: P61 · n=22242023: P42 · n=31222024: P5 · n=38242020 2024
Weakening position over 2020-2024 · n=438-3824
Equity P83
2020: P67 · n=4432021: P90 · n=11272022: P93 · n=22352023: P92 · n=31342024: P83 · n=38322020 2024
Stable position over 2020-2024 · n=443-3832
Gross operating margin P52
2020: P81 · n=4392021: P87 · n=11172022: P91 · n=22182023: P79 · n=31162024: P52 · n=38222020 2024
Weakening position over 2020-2024 · n=439-3822
Describes the position versus peers, not a forecast.
EBITDA
€-28k
- far below sector median
Net profit
€-47k
- far below sector median
Cash flow
€-43k
- far below sector median
Total assets
€105k
-46.1% -86% vs sector
Equity
€85k
-35.3% -64% vs sector
Working capital
€76k
-38.1% -73% vs sector
Employees (FTE)
1
-30.0% -96% vs sector
Staff costs
€29k
-42.7% -98% vs sector
Income taxes
€260
-92.3% -98% vs sector
Debt
€20k
-68.7% -95% vs sector
Debt ≤ 1y
€20k
-68.7% -94% vs sector
Debt > 1y
€0
-100.0% -100% vs sector
Current ratio
4.92
+65.0% +168% vs sector
Quick ratio
4.92
+65.0% +183% vs sector
Solvency
81.4%
+19.9% +70% vs sector
Debt / equity
0.23
-51.7% -79% vs sector
ROE
-54.6%
- far below sector median
ROA
-44.4%
- far below sector median
Interest coverage
-1.73
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-28k
Net profit€-47k
Cash flow€-43k
Staff costs€29k
Income taxes€260
Dividends-
Total assets€105k
Equity€85k
Debt€20k
of which ≤ 1y€20k
of which > 1y-
Working capital€76k
Employees (FTE)0.7
Ratios (computed)
2024
Current ratio4.92
Quick ratio4.92
Working capital ratio72.9%
Solvency81.4%
Debt / equity0.23
Long-term debt ratio-
Interest coverage-1.73
Gross margin-
Net margin-
ROA-44.4%
ROE-54.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€105k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€7k
Financial fixed assets 28€2k
Current assets 29/58€96k
Amounts receivable within one year 40/41€61k
Cash & bank 54/58€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€105k
Equity 10/15€85k
Contributions / capital 10/11€2k
Reserves 13€130k
Accumulated profits (losses) 14€-47k
Amounts payable 17/49€20k
Amounts payable within one year 42/48€20k
Trade debts payable within one year 44€13k
Income statement
Gross operating margin 9900€28k
Operating result 9901€-31k
Financial income 75€968
Financial charges 65€16k
Result before taxes 9903€-46k
Income taxes 67/77€260
Net result for the period 9904€-47k
Result to be appropriated 9905€-47k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • Petko Radkov Dimitrov
    Director
    State Gazette act 26020526 (10-02-2026)
    Current
    12-12-2025 → present
  • Shpejtim Fazliu
    Director
    State Gazette act 21071918 (17-06-2021)
    Current
    15-05-2021 → present
Former directors (2)
  • Pranvera Hoxhaxhiku
    Director
    State Gazette act 21149685 (23-12-2021)
    Former
    - → 13-11-2021
  • Premtim Fazliu
    Director
    State Gazette act 21149685 (23-12-2021)
    Former
    - → 13-11-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator LISA HEUNINCK
INDUSTRIEPARK-WEST 75, 9100 SINT- NIKLAAS
 02-06-2026 → present Belgian State Gazette

Legal Structure

NACE primary Algemene bouw van andere niet-residentiële gebouwen(41003)
Legal form Private limited company(610)
Incorporation28-11-2019
StatusActive
Postal code9140
First BS signal 10-06-2026
Latest BS signal 10-06-2026

Structure & network

Connections & network

43 connected companies
+43 companies via a shared address +43via a sharedaddressTIM CONSTRUCT TIMCONSTRUCT0738.538.402
Shared address / shareholderBundled connections
Network connections
→
ATACADAO
Shared address
→
BAM & Co
Shared address
→
BOYANCA
Shared address
→
BXL TRAITEUR
Shared address
→
BYHNKY
Shared address
→
→
→
COUPE PATRICK
Shared address
→
Cuse Technics
Shared address
→
DE HOPDUVEL IMMO
Shared address
→
DIAMANTINO
Shared address
→
DP Aalst
Shared address
→
eMorrow Trading Ltd.
Shared address
→
FESTIIIFOOD
Shared address
→
Inframara
Shared address
→
J & M Rénovations
Shared address
→
Julieva
Shared address
→
Kooi Security België
Shared address
→
LAZARE KAPLAN BELGIUM
Shared address
→
Linatex
Shared address
→
LOGINITY
Shared address
→
LOOCA
Shared address
→
MAROBE
Shared address
→
Mayfaro
Shared address
→
MIROLU
Shared address
→
Ourghin Invest
Shared address
→
PLATO GROUP
Shared address
→
Premium Cleaning
Shared address
→
Provast België
Shared address
→
PureAgency
Shared address
→
QSSH
Shared address
→
SmileStudio4Kids
Shared address
→
SS Concept
Shared address
→
VAN MEIJEL BELGIUM
Shared address
→
WAVIN BELGIUM
Shared address
→
WeSolved Belgium
Shared address
→
WODAN AI
Shared address
→
ZANTZA
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Company structure: linked entities

1 linked entity
TIM CONSTRUCTBE 0738.538.402LISA HEUNINCKReceiver
Mandates

Locations & real estate

Establishment units

1 location
TIM CONSTRUCT
Luxemburgstraat 20, 9140 TemseReparatie en onderhoud van producten van metaal
since 20192.296.643.759
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,219 m²
Buildings1
Building footprint1,412 m²
Volume (LiDAR)16,298 m³
Tallest building16.4 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46025B0179/09E000 Flanders 7,219 m² 1 · 1,412 m² 16.4 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
10-06-2026
Bankruptcy Opening
Date: 02-06-2026 · Ondernemingsrechtbank Gent, afdeling Dendermonde · TIM CONSTRUCT BV LUXEM- BURGSTRAAT 20, 9140 TEMSE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-06-10 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

7 acts
Address history · 1
01-04-2021
v3.2
All acts · 7 updated 3 months ago
2026
05-05-2026 General meeting · Officer resignation · Officer discharge · Officer appointment Open-capture extraction
  • Filing: 2026-04-03 · TIM CONSTRUCT
  • Publication: 2026-05-05 · TIM CONSTRUCT
  • General meeting: 2026-03-31 · TIM CONSTRUCT
  • Officer resignation: date: 2026-03-31, role: bestuurder · Petko Dimitrov
  • Officer discharge: date: 2026-03-31, role: bestuurder · Petko Dimitrov
  • Officer appointment: date: 2026-03-31, role: bestuurder · Dimitar Radev
  • Share transfer: date: 2026-03-31, percentage: 100% · TIM CONSTRUCT
  • Act object: Ontslag bestuurder - Benoeming Bestuurder
Summary: General meeting · Officer resignation · Officer discharge · Officer appointment
10-02-2026 Petko Radkov Dimitrov appointed as director Director changes
  • Petko Radkov Dimitrov, Bestuurder
Summary: v3.2
2021
23-12-2021 2 resigning Director changes
  • Premtim Fazliu, Bestuurder
  • Pranvera Hoxhaxhiku, Bestuurder
Summary: v3.2
17-06-2021 Shpejtim Fazliu appointed as director Director changes
  • Shpejtim Fazliu, Bestuurder
Summary: v3.2
01-04-2021 Registered office moved within Brugge Registered-office change
  • Zandstraat 335, 8200 Brugge → Koning Albert I-laan 183, 8200 Brugge
Summary: v3.2
2020
08-10-2020 Change in the board of directors Director changes
Summary: v3.2
2019
02-12-2019 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency100Growth52Stability0
30 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 100
Growth 52
Stability 0

Ask AI about this company

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van andere niet-residentiële gebouwen41203Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Schrijnwerk43320Schrijnwerk43320Plaatsen van vloer- en wandtegels43331Plaatsen van vloer- en wandtegels43331Schilderen van gebouwen43341Schilderen van gebouwen43341Dakwerkzaamheden43410Dakwerkzaamheden43910Metselwerk43910Uitvoeren van metsel- en voegwerken43994Schoonheidsverzorging96022Schoonheidsverzorging en andere schoonheidsbehandelingen96220
Primary activity highlighted.
Names & trade names
Legal nameNL TIM CONSTRUCT
Registered office
Luxemburgstraat 20
9140 Temse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.