TimberTree

Active

Private limited companyfounded 201610 yrs activeSint-Jan Baptiststraat 66, 2040 Antwerpen, BelgiumKBO/BCE: BE 0655.688.128

TimberTree has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

52 / 100

Fair▼ -41 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency97▼-3

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.03 against 6.54 in 2024), and 44.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

55.9%

Return on assets

-14.5%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

60 d early

2024

19 d late

2023

61 d early

2022

56 d early

2021

75 d late

2020

433 d late

2019

61 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€181k

EBIT margin

9.8%

Net result

€-9k

2024 · €24k

2018: €808 2019: €-3k 2020: €13k 2021: €25k 2022: €-33k 2023: €28k 2024: €24k

2018 → 2025

Working capital

€29k▼ 52.5%

2024 · €61k

2018: €15k 2019: €13k 2020: €24k 2021: €51k 2022: €11k 2023: €40k 2024: €61k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€51k-€18k▼ 64.5%€46k▲ 152%€70k▲ 53.2%€35k▼ 49.2%

Operating result€35k-€-29k€27k€37k▲ 33.9%€-10k

Net result€25k-€-33k€28k€24k▼ 12.0%€-9k

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 turns negative in 2025: a loss of €10k after €37k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €63k

11%

89.4%

Fixed assets €7k▼ 27.9%

Current assets €57k▼ 20.6%

Equity and liabilities €63k

55.9%

44.1%

Equity €35k▼ 49.2%

Debt €28k▲ 156%

The debt ratio rises from 13.5% to 44.1%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-6k▼

2024 · €40k

Cash flow

€-5k▼

2024 · €28k

Solvency

55.9%▼

2024 · 86.5%

Current ratio

2.03▼

2024 · 6.54

Quick ratio

2.03▼

2024 · 6.54

Debt / equity

0.79▲

2024 · 0.16

ROE

-26.0%▼

2024 · 34.7%

ROA

-14.5%▼

2024 · 30.0%

Interest coverage

-81.22▼

2024 · 260.71

Debt

€28k▲

2024 · €11k

Debt ≤ 1 year

€28k▲

2024 · €11k

Income taxes

€-775▼

2024 · €12k

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€81k€63k▼

Fixed assets21/28€9k€7k▼

Tangible fixed assets22/27€9k€7k▼

Plant, machinery and equipment23€6k€4k▼

Furniture and vehicles24€3k€3k▼

Current assets29/58€71k€57k▼

Amounts receivable within one year40/41€14k€13k▼

Trade receivables40€3k€5k▲

Other amounts receivable41€11k€8k▼

Cash at bank and in hand54/58€56k€43k▼

Deferred charges and accrued income490/1€737€505▼

Equity and liabilities

Total equity and liabilities10/49€81k€63k▼

Equity10/15€70k€35k▼

Contributions10/11€6k€19k▲

Reserves13€39k€26k▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€38k€24k▼

Profit (loss) carried forward14€24k€-9k▼

Amounts payable17/49€11k€28k▲

Amounts payable within one year42/48€11k€28k▲

Trade debts44€4k-

Suppliers440/4€4k-

Other amounts payable47/48€7k€28k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲

Other operating charges640/8€852€1k▲

Gross operating margin9900€41k€-5k▼

Operating profit (loss)9901€37k€-10k▼

Financial income75/76B€226€39▼

Recurring financial income75€226€39▼

Financial charges65/66B€155€72▼

Recurring financial charges65€155€72▼

Profit (loss) for the period before taxes9903€37k€-10k▼

Income taxes67/77€12k€-775▼

Profit (loss) for the period9904€24k€-9k▼

Profit (loss) for the period to be appropriated9905€24k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€24k€15k▼

Profit (loss) brought forward from the previous period14P-€24k

Transfer from equity791/2-€13k

Profit to be distributed694/7-€37k

Return on contributions (dividend)694-€37k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

19-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 19 days late

2024

31-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €28k

Net result €28k after one loss-making year.

05-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-33k ▼231%

Net result drops to €-33k, the lowest in the series; recovery starts the following year.

14-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 75 days late

07-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 433 days late

2020

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

30-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 61 days late

2019

12-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

21-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

04-12-2025 Resigned as Manager

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2016

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.

Sint-Jan Baptiststraat 662040 Antwerpen

Ground area

255 m²

Building footprint

107 m²

Volume, LiDAR

453 m³

Parcel 11819B0507/02C000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

TimberTree

Sint-Jan Baptiststraat 66, 2040 AntwerpenManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20162.253.661.772

1 parcel

Flanders 1 (100%)