Tim Verhelle Construct
ActiveSummary
Tim Verhelle Construct has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €81k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency74▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 6.37 in 2024; short-term debt: 42.5% and cash: 31.8% of total assets), but 50.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
49.1%
Return on assets
22.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
13 d late
2024
19 d late
2023
22 d early
2022
34 d early
2021
32 d early
2020
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€174k▼ 24.5%
2024 · €231k
2020: €82k
2021: €153k
2022: €227k
2023: €153k
2024: €231k
2020 → 2025
Total assets
€355k▲ 16.6%
2024 · €304k
2020: €161k
2021: €267k
2022: €331k
2023: €350k
2024: €304k
2020 → 2025
Net result
€81k▼ 4.4%
2024 · €84k
2020: €82k
2021: €72k
2022: €75k
2023: €60k
2024: €84k
2020 → 2025
Working capital
€187k▼ 19.9%
2024 · €234k
2020: €83k
2021: €161k
2022: €210k
2023: €148k
2024: €234k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€227k▲ 48.3%€153k▼ 32.6%€231k▲ 50.5%€174k▼ 24.5%
Operating result€100k-€95k▼ 5.0%€77k▼ 19.1%€106k▲ 37.0%€111k▲ 4.6%
Net result€72k-€75k▲ 4.3%€60k▼ 19.8%€84k▲ 40.7%€81k▼ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355k
Fixed assets
€17k ▼ 37.5%
Current assets
€338k ▲ 21.9%
Equity and liabilities €355k
Equity
€174k ▼ 24.5%
Debt
€181k ▲ 146%
Debt's share of the balance-sheet total rises from 24.2% to 50.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €117k
Cash flow
€90k▼
2024 · €96k
Current ratio
2.24▼
2024 · 6.37
Debt to equity
1.04▲
2024 · 0.32
ROE
46.4%▲
2024 · 36.6%
ROA
22.8%▼
2024 · 27.8%
Interest coverage
176.70▼
2024 · 177.04
Debt ≤ 1 year
€151k▲
2024 · €43k
Debt > 1 year
€30k=
2024 · €30k
Income taxes
€30k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€304k€355k▲
Fixed assets21/28€27k€17k▼
Tangible fixed assets22/27€27k€17k▼
Furniture and vehicles24€27k€17k▼
Current assets29/58€277k€338k▲
Amounts receivable within one year40/41€7k€23k▲
Trade receivables40€103€16k▲
Other amounts receivable41€7k€7k▲
Current investments50/53-€200k
Cash at bank and in hand54/58€270k€113k▼
Deferred charges and accrued income490/1€478€2k▲
Equity and liabilities
Total equity and liabilities10/49€304k€355k▲
Equity10/15€231k€174k▼
Contributions10/11€1€1=
Reserves13€231k€174k▼
Distributable reserves133€231k€174k▼
Amounts payable17/49€73k€181k▲
Amounts payable after more than one year17€30k€30k=
Financial debts170/4€30k€30k=
Amounts payable within one year42/48€43k€151k▲
Trade debts44€912€2k▲
Suppliers440/4€912€2k▲
Taxes, remuneration and social security45€28k€10k▼
Taxes450/3€28k€10k▼
Other amounts payable47/48€14k€138k▲
Income statement
Code20242025
Non-recurring operating income76A-€559
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€747€704▼
Gross operating margin9900€118k€121k▲
Operating profit (loss)9901€106k€111k▲
Financial income75/76B€1k€514▼
Recurring financial income75€1k€514▼
Financial charges65/66B€663€681▲
Recurring financial charges65€663€681▲
Profit (loss) for the period before taxes9903€106k€110k▲
Income taxes67/77€22k€30k▲
Profit (loss) for the period9904€84k€81k▼
Profit (loss) for the period to be appropriated9905€84k€81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€81k▼
Transfer from equity791/2-€77k
Transfer to equity691/2€77k€21k▼
To other reserves6921€77k€21k▼
Profit to be distributed694/7€7k€137k▲
Return on contributions (dividend)694€833€137k▲
Directors or managers695€6k-
The notes to these accounts (7 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Highest result since 2020net €84k ▲40.7%
Net result €84k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.37
Current ratio from 1.89 to 6.37; short-term debt falls from €167k to €43k.
31-12
Financial
Equity above €200kEq €231k ▲50.5%
5 profitable years in a row build equity to €231k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €60k ▼19.8%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €227k ▲48.3%
3 profitable years in a row build equity to €227k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €153k ▲87.9%
2 profitable years in a row build equity to €153k.
29-06
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Oostkamp · 1 establishment unit since 2019
Ground area
616 m²
Building footprint
143 m²
Volume, LiDAR
753 m³
Parcel 31022A0047/00A002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TIVECO
since 20192.283.961.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022A0047/00A002 | Flanders | 616 m² | 1 · 143 m² | 7.8 m · 2 fl. |
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.
Similar companies · same sector, comparable size
TILIA
BE 0876.960.370
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DE MEYER-CLOOTS
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Scheldeboord
BE 0649.557.332
Dilbeek · Eq €174,405
SCIMITER
BE 0475.228.833
Hechtel-Eksel · Eq €174,472
Nieuw-Construct
BE 0676.966.562
Waregem · Eq €173,815
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2019
Fiscal year end31-12
Abbreviation NL
TIVECO
Trade name NL
TIVECO
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:tivecobv@gmail.com
E-mail:tivecobvba@gmail.com
Phone:0478873032