TIMBA
ActiveSummary
TIMBA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €495k and a net result of €122k. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 2937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-20
Solvency49▼-45
Growth54=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 3.35 in 2023; short-term debt: 11.4% and cash: 5.3% of total assets), and 76.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
31 d late
2022
31 d late
2021
60 d late
2020
31 d late
2019
103 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€423k▲ 21.5%
2020 · €348k
2018: €549k
2019: €627k▲ +14.3% vs 2018highest in 4 years
2020: €348k▼ -44.5% vs 2019lowest in 4 years
2021: €423k▲ +21.5% vs 2020
2018 → 2021
EBIT margin
15.4%▲ 16.7pp
2020 · -1.3%
2018: 9.4%
2019: 11.5%▲ +22.3% vs 2018
2020: -1.3%▼ -111% vs 2019lowest in 4 years
2021: 15.4%▲ +1303% vs 2020highest in 4 years
2018 → 2021
Net result
€122k▲ 3.7%
2023 · €118k
2018: €46k
2019: €51k▲ +10.3% vs 2018
2020: €-9k▼ -117% vs 2019lowest in 7 years
2021: €58k▲ +771% vs 2020
2022: €79k▲ +35.9% vs 2021
2023: €118k▲ +48.6% vs 2022
2024: €122k▲ +3.7% vs 2023highest in 7 years
2018 → 2024
Working capital
€104k▼ 63.9%
2023 · €288k
2018: €469lowest in 7 years
2019: €44k▲ +9238% vs 2018
2020: €13k▼ -70.0% vs 2019
2021: €61k▲ +367% vs 2020
2022: €136k▲ +123% vs 2021
2023: €288k▲ +111% vs 2022highest in 7 years
2024: €104k▼ -63.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€348k-€423k▲ 21.5%
2020: €348k
2021: €423k▲ +21.5% vs 2020
Equity€117k-€176k▲ 49.6%€255k▲ 45.1%€373k▲ 46.1%€495k▲ 32.8%
2020: €117klowest in 5 years
2021: €176k▲ +49.6% vs 2020
2022: €255k▲ +45.1% vs 2021
2023: €373k▲ +46.1% vs 2022
2024: €495k▲ +32.8% vs 2023highest in 5 years
Operating result€-4k-€65k€112k▲ 71.5%€178k▲ 59.3%€193k▲ 8.2%
2020: €-4klowest in 5 years
2021: €65k▲ +1561% vs 2020
2022: €112k▲ +71.5% vs 2021
2023: €178k▲ +59.3% vs 2022
2024: €193k▲ +8.2% vs 2023highest in 5 years
Net result€-9k-€58k€79k▲ 35.9%€118k▲ 48.6%€122k▲ 3.7%
2020: €-9klowest in 5 years
2021: €58k▲ +771% vs 2020
2022: €79k▲ +35.9% vs 2021
2023: €118k▲ +48.6% vs 2022
2024: €122k▲ +3.7% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.07M
Fixed assets
€1.73M ▲ 1,250%
Current assets
€340k ▼ 17.2%
Equity and liabilities €2.07M
Equity
€495k ▲ 32.8%
Debt
€1.58M ▲ 848%
Debt's share of the balance-sheet total rises from 30.9% to 76.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€336k▲
2023 · €227k
Cash flow
€265k▲
2023 · €167k
Current ratio
1.44▼
2023 · 3.35
Quick ratio
1.35▼
2023 · 3.22
Debt to equity
3.19▲
2023 · 0.45
ROE
24.7%▼
2023 · 31.6%
ROA
5.9%▼
2023 · 21.8%
Interest coverage
16.28▼
2023 · 17.90
Debt ≤ 1 year
€236k▲
2023 · €123k
Debt > 1 year
€1.34M▲
2023 · €44k
Income taxes
€51k▲
2023 · €50k
Staff costs
€108k▲
2023 · €97k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€539k€2.07M▲
Fixed assets21/28€128k€1.73M▲
Tangible fixed assets22/27€128k€1.73M▲
Land and buildings22€55k€1.68M▲
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€67k€49k▼
Current assets29/58€411k€340k▼
Stocks and contracts in progress3€16k€21k▲
Stocks30/36€16k€21k▲
Amounts receivable within one year40/41€15k€21k▲
Trade receivables40€3k€3k▼
Other amounts receivable41€12k€17k▲
Current investments50/53-€185k
Cash at bank and in hand54/58€376k€109k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€539k€2.07M▲
Equity10/15€373k€495k▲
Contributions10/11€69k€69k=
Reserves13€304k€426k▲
Distributable reserves133€304k€426k▲
Amounts payable17/49€167k€1.58M▲
Amounts payable after more than one year17€44k€1.34M▲
Financial debts170/4€44k€1.34M▲
Amounts payable within one year42/48€123k€236k▲
Current portion of amounts payable after more than one year42€15k€89k▲
Trade debts44€34k€58k▲
Suppliers440/4€34k€58k▲
Taxes, remuneration and social security45€71k€85k▲
Taxes450/3€52k€66k▲
Remuneration and social security454/9€19k€18k▼
Other amounts payable47/48€2k€5k▲
Accrued charges and deferred income492/3-€52
Income statement
Code20232024
Remuneration, social security and pensions62€97k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€143k▲
Other operating charges640/8€101€6k▲
Gross operating margin9900€324k€450k▲
Operating profit (loss)9901€178k€193k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€13k€21k▲
Recurring financial charges65€13k€21k▲
Profit (loss) for the period before taxes9903€168k€173k▲
Income taxes67/77€50k€51k▲
Profit (loss) for the period9904€118k€122k▲
Profit (loss) for the period to be appropriated9905€118k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€118k€122k▲
Transfer to equity691/2€118k€122k▲
To other reserves6921€118k€122k▲
Social balance
Average headcount (FTE)90875.410.0▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €348k | €423k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €270k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €36k | €59k | €97k | €108k | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €34k | €37k | €49k | €143k | ▲ 192% |
| Other operating charges640/8 | - | €18k | €2k | €101 | €6k | ▲ 6,013% |
| Non-recurring operating charges66A | - | €50 | - | - | - | - |
| Gross operating margin9900 | €84k | €153k | €210k | €324k | €450k | ▲ 38.9% |
| Operating profit (loss)9901 | €-4k | €65k | €112k | €178k | €193k | ▲ 8.2% |
| Financial income75/76B | - | €39 | €63 | €2k | €2k | ▼ 29.1% |
| Recurring financial income75 | €316 | €39 | €63 | €2k | €2k | ▼ 29.1% |
| Financial charges65/66B | - | €3k | €7k | €13k | €21k | ▲ 62.7% |
| Recurring financial charges65 | €4k | €3k | €7k | €13k | €21k | ▲ 62.7% |
| Profit (loss) for the period before taxes9903 | €-8k | €63k | €105k | €168k | €173k | ▲ 3.5% |
| Income taxes67/77 | €215 | €4k | €25k | €50k | €51k | ▲ 3.1% |
| Profit (loss) for the period9904 | €-9k | €58k | €79k | €118k | €122k | ▲ 3.7% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €58k | €79k | €118k | €122k | ▲ 3.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241k | €287k | €447k | €539k | €2.07M | ▲ 285% |
| Fixed assets21/28 | €149k | €123k | €177k | €128k | €1.73M | ▲ 1,250% |
| Tangible fixed assets22/27 | €149k | €123k | €177k | €128k | €1.73M | ▲ 1,250% |
| Land and buildings22 | - | €108k | €81k | €55k | €1.68M | ▲ 2,980% |
| Plant, machinery and equipment23 | - | €12k | €10k | €7k | €3k | ▼ 52.5% |
| Furniture and vehicles24 | - | €4k | €86k | €67k | €49k | ▼ 27.4% |
| Current assets29/58 | €92k | €163k | €269k | €411k | €340k | ▼ 17.2% |
| Stocks and contracts in progress3 | €12k | €11k | €16k | €16k | €21k | ▲ 33.7% |
| Stocks30/36 | - | €11k | €16k | €16k | €21k | ▲ 33.7% |
| Amounts receivable within one year40/41 | €16k | €16k | €23k | €15k | €21k | ▲ 34.1% |
| Trade receivables40 | - | €1k | €3k | €3k | €3k | ▼ 3.4% |
| Other amounts receivable41 | - | €15k | €20k | €12k | €17k | ▲ 44.4% |
| Current investments50/53 | - | - | - | - | €185k | - |
| Cash at bank and in hand54/58 | €48k | €118k | €212k | €376k | €109k | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | €17k | €19k | €4k | €4k | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241k | €287k | €447k | €539k | €2.07M | ▲ 285% |
| Equity10/15 | €117k | €176k | €255k | €373k | €495k | ▲ 32.8% |
| Contributions10/11 | - | €69k | €69k | €69k | €69k | = |
| Reserves13 | €53k | €107k | €186k | €304k | €426k | ▲ 40.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €105k | €184k | €304k | €426k | ▲ 40.2% |
| Profit (loss) carried forward14 | €-4k | €0 | - | - | - | - |
| Amounts payable17/49 | €124k | €111k | €192k | €167k | €1.58M | ▲ 848% |
| Amounts payable after more than one year17 | €44k | €9k | €59k | €44k | €1.34M | ▲ 2,951% |
| Financial debts170/4 | - | €9k | €59k | €44k | €1.34M | ▲ 2,951% |
| Amounts payable within one year42/48 | €79k | €102k | €133k | €123k | €236k | ▲ 92.6% |
| Current portion of amounts payable after more than one year42 | - | €35k | €23k | €15k | €89k | ▲ 493% |
| Trade debts44 | €14k | €31k | €48k | €34k | €58k | ▲ 68.7% |
| Suppliers440/4 | - | €31k | €48k | €34k | €58k | ▲ 68.7% |
| Taxes, remuneration and social security45 | - | €21k | €58k | €71k | €85k | ▲ 18.4% |
| Taxes450/3 | - | €17k | €35k | €52k | €66k | ▲ 26.9% |
| Remuneration and social security454/9 | - | €4k | €22k | €19k | €18k | ▼ 4.4% |
| Other amounts payable47/48 | - | €15k | €4k | €2k | €5k | ▲ 163% |
| Accrued charges and deferred income492/3 | - | - | - | - | €52 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €58k | €79k | €118k | €122k | ▲ 3.7% |
| + Depreciation and write-downs630 | €40k | €34k | €37k | €49k | €143k | ▲ 192% |
| Operating cash flow (approximation) | €31k | €92k | €116k | €167k | €265k | ▲ 59.2% |
| Investment in fixed assets (approximation) | - | €-9k | €-91k | €0 | €-1.75M | - |
| Change in cash | - | €70k | €93k | €164k | €-267k | ▼ 262% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €122k ▲3.7%
Operating result €193k, net result €122k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €255k ▲45.1%
2 profitable years in a row build equity to €255k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
31-12
Financial
Equity above €150kEq €176k ▲49.6%
Equity rises from €117k to €176k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Equity above €100kEq €126k ▲67.9%
2 profitable years in a row build equity to €126k.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brugge · 1 establishment unit since 2016
Ground area
367 m²
Building footprint
226 m²
Volume, LiDAR
592 m³
2 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MONK
since 20162.253.311.582
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31805E1170/00B000 | Flanders | 194 m² | 1 · 145 m² | - |
| 31805E0134/00P004 | Flanders | 173 m² | 1 · 80 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.253.311.582
Legal Entity Identifier
254900JO7AB9TE4C8A42
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 2,020 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.