Financials
- Financial year
- 2025
- Turnover
- €1.3m
- Loss
- -€272,819
- Solvency
- -27.1%
Turnover▼ 70.1%
Net result
20182025
TIMMERMANS
ActiveSummary
The computed 12-month bankruptcy probability of TIMMERMANS is 6.5% (elevated). The 2025 annual accounts show negative equity (-€357,939) and a net result of -€272,819. Equity is shrinking by about 39% per year across the filed financial years. Its solvency ranks better than 7% of 5,014 sector peers (NACE 47, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of footwear
NACE 47721
1 site
Size
€1.3mturnover 2025
- Staff
- 3.2 FTE
- Equity
- -€357,939
- Loss
- -€272,819
Structure
- Parent
- HERMAR · 99.99%
- de Brabandere HeriindeDirector
- HERMARManaging director · permanent representative Timmermans Marc
2025 accounts filed 59 days late1 of 10 deeds summarised
Why 32raises riskNegative equity -€357,939Loss of €272,819, the second in a row (financial year 2025)Liquidity: current ratio 0.52, cash €2,920, halvedSector: Retail trade (NACE 47)Show the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 4% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Weak
Solvency
0-20
equity -27.1% of total assets
Liquidity
0-1
short-term debt 118.8% · cash 0.2%
Profitability
0=
return on assets -20.7%
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.0%
12-2024: 2.0%● unchanged vs 11-2024
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025lowest value
03-2025: 2.2%▲ +0.2 percentage points vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025
07-2025: 2.5%▲ +0.3 percentage points vs 06-2025
08-2025: 3.0%▲ +0.5 percentage points vs 07-2025
09-2025: 3.3%▲ +0.3 percentage points vs 08-2025
10-2025: 5.9%▲ +2.6 percentage points vs 09-2025
11-2025: 5.9%● unchanged vs 10-2025
12-2025: 5.9%● unchanged vs 11-2025
01-2026: 6.0%▲ +0.1 percentage points vs 12-2025
02-2026: 6.1%▲ +0.1 percentage points vs 01-2026
03-2026: 6.1%● unchanged vs 02-2026
04-2026: 6.1%● unchanged vs 03-2026
05-2026: 6.1%● unchanged vs 04-2026
06-2026: 5.9%▼ -0.2 percentage points vs 05-2026
07-2026: 6.1%▲ +0.2 percentage points vs 06-2026
08-2026: 6.0%▼ -0.1 percentage points vs 07-2026
09-2026: 5.9%▼ -0.1 percentage points vs 08-2026
10-2026: 6.5%▲ +0.6 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.52, compared with 0.67 in 2024, below 1; short-term debt: 118.8% and cash: 0.2% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 6% on solvency, 2% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€357,939
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
30 days late
2020
6 days late
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€357,939 View
- Risk: 8 loss-making years in a rowloss financial year 2025 -€272,819 View
- Caution: Equity fell in 2025from -€85,120 to -€357,939 ▼ 321% View
- Caution: Among the weakest 5% on equitysector median €448,397 · 5,015 companies -€357,939 View
- Controlled by HERMAR 99.99% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- HERMAR · 99.99%
- de Brabandere HeriindeDirector
- HERMARManaging director
Timeline
- Events
- 36
- Since
- 1994
- Next accounts
- by 31-07-2027
- 04-10-2023Reappointments: de Brabandere Heriinde (director) and Hermar…
- 31-08-2023Annual accounts filed
- 30-08-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Retail sale of footwearNACE 47721
- Founded
- 28-09-1993
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about TIMMERMANS
- What is the company number of TIMMERMANS?
- 0451.022.383. In Belgium the VAT number is the company number with BE in front: BE 0451.022.383.
- Where is TIMMERMANS based?
- The registered office is at Nieuwe Baan 135, 9111 Sint-Niklaas.Company details
- What does TIMMERMANS do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of TIMMERMANS?
- Public limited company (NV).
- When was TIMMERMANS founded?
- On 28-09-1993.
- Is TIMMERMANS still active?
- Yes, TIMMERMANS is an active enterprise in the KBO register.
- How many employees does TIMMERMANS have?
- On average 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TIMMERMANS?
- €1.3m in financial year 2025, according to the filed annual accounts.
- Is TIMMERMANS profitable?
- In financial year 2025, TIMMERMANS made a loss of €272,819.
- Where can I find the annual accounts of TIMMERMANS?
- TIMMERMANS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TIMMERMANS due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to TIMMERMANS
Parent and group
- HERMAR99.99%
Comparable companies
- De ZandvoetjesKoksijde
- LSVBCONHouthalen-Helchteren
- AB Retailing BelgiumSint-Gillis (bij-Brussel)
- T.F.E.Aalst
- SCHOENEN COOLSMol
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