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Generated 04-09-2026
Active BE 0695.671.726Private limited company

TIM HEYLEN

Kemelbeekstraat 36 ·2460 Kasterlee, Belgium· 8 yrs active
Sector: Roofing work (43410)
Conclusion Checked

TIM HEYLEN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €308k and a net result of €56k. Its solvency ranks better than 63% of 999 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €308k
Net result €56k
Staff (FTE) 4.1
Better than sector 63%
Financial profile 5 of 5 axes measured · computed by Checked
Health84Profitability91Solvency72Growth78Stability100
85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 84
Profitability 91
Solvency 72
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.1% Low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2024 · computed
84 / 100 Excellent
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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
€0€25k€50k€75kOperating result 2023: €44k€44kNet result 2023: €22k€22kOperating result 2024: €81k€81kNet result 2024: €56k€56k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 45.6% 35.4%
better than 63% of 999 sector peers
Net result €56k €31k
better than 63% of 998 sector peers
Equity €308k €122k
better than 69% of 999 sector peers
Gross operating margin €332k €174k
better than 65% of 998 sector peers
Staff costs €185k €196k
higher than 48% of 625 sector peers
EBITDA
€139k
+38.0% 23-24
Net profit
€56k
+159.5% 23-24
Cash flow
€114k
+46.6% 23-24
Total assets
€675k
-12.4% 23-24
Equity
€308k
+22.3% 23-24
Working capital
€24k
+137.5% 23-24
Employees (FTE)
4
+2.5% 23-24
Staff costs
€185k
-8.4% 23-24
Income taxes
€16k
+53.8% 23-24
Debt
€368k
-29.3% 23-24
Debt ≤ 1y
€147k
-28.4% 23-24
Debt > 1y
€220k
-29.6% 23-24
Current ratio
1.16
+11.0% 23-24
Quick ratio
0.78
+36.9% 23-24
Solvency
45.6%
+39.7% 23-24
Debt / equity
1.19
-42.2% 23-24
ROE
18.2%
+112.2% 23-24
ROA
8.3%
+196.4% 23-24
Interest coverage
14.26
+69.2% 23-24
Figures by fiscal year and ratios
Fiscal year2024
Depositabbreviated schema
Revenue-
EBITDA€139k
Net profit€56k
Cash flow€114k
Staff costs€185k
Income taxes€16k
Dividends-
Total assets€675k
Equity€308k
Debt€368k
of which ≤ 1y€147k
of which > 1y€220k
Working capital€24k
Employees (FTE)4.1
Ratios (computed)
2024
Current ratio1.16
Quick ratio0.78
Working capital ratio3.6%
Solvency45.6%
Debt / equity1.19
Long-term debt ratio0.72
Interest coverage14.26
Gross margin-
Net margin-
ROA8.3%
ROE18.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€675k
Fixed assets 21/28€504k
Intangible fixed assets 21€7k
Tangible fixed assets 22/27€497k
Current assets 29/58€171k
Stocks & contracts in progress 3€56k
Amounts receivable within one year 40/41€109k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€675k
Equity 10/15€308k
Contributions / capital 10/11€20k
Reserves 13€288k
Amounts payable 17/49€368k
Amounts payable after one year 17€220k
Amounts payable within one year 42/48€147k
Trade debts payable within one year 44€35k
Income statement
Gross operating margin 9900€332k
Operating result 9901€81k
Financial income 75€2k
Financial charges 65€10k
Result before taxes 9903€72k
Income taxes 67/77€16k
Net result for the period 9904€56k
Result to be appropriated 9905€56k
Directors & mandates 2 directors
Current directors & mandates
  • HEYLEN Tim
    Director
    State Gazette act 23330268 (04-04-2023)
    Current
    04-04-2023 → present
    2 events
    • 04-04-2023 Appointed· Director
    • 01-01-2020 Resigned· Director
  • VAN SPRENGEL Kim
    Director
    State Gazette act 23330268 (04-04-2023)
    Current
    04-04-2023 → present
    2 events
    • 04-04-2023 Appointed· Director
    • 01-01-2020 Resigned· Director
Legal Structure
NACE primary Roofing work(43410)
Legal form Private limited company(610)
Incorporation03-05-2018
StatusActive
Postal code2460
Establishment units 1 location
Tim Heylen
Kemelbeekstraat 36, 2460 KasterleeBricklaying and masonry work
since 20182.275.604.261
Real-estate footprint Source: CBE × cadastre
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13038C0906/00B000 Flanders 1,155 m² 1 · 732 m² 1.2 m
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.
Updates 7 events
2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
04-04
State Gazette act Director changes
Wouter NOUWKENS
2022
14-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
04-04-2023 2 directors appointed, 2 resigning Director changes·Wouter NOUWKENS
  • HEYLEN Tim, Bestuurder
  • VAN SPRENGEL Kim, Bestuurder
  • HEYLEN Tim, Bestuurder
  • VAN SPRENGEL Kim, Bestuurder
Notary: Wouter NOUWKENS · MalleFirm: Notariaat Nouwkens & Portier
Technical details 
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      "kind": "director_out",
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        "name": "HEYLEN Tim",
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        "birth_date": "1980-03-10",
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      },
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      },
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    },
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      "rep_rotation_new_rep": null,
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    {
      "kind": "board_snapshot",
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    }
  ],
  "notary": {
    "name": "Wouter NOUWKENS",
    "firm_city": null,
    "firm_name": "Notariaat Nouwkens \u0026 Portier",
    "office_city": "Malle",
    "is_associated": true
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-04-04",
    "filing_date": "2023-03-31",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-03-30",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0695.671.726",
    "name_full": "Tim Heylen",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Notariaat Nouwkens \u0026 Portier",
    "person_name": null,
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    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "Afschrift akte",
    "Co\u00F6rdinatie (bewaard in de Databank van Statuten)"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Roofing work43410
Names & trade names
Legal nameNL TIM HEYLEN
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative