TIMTECH.PRO
ActiveSummary
The computed 12-month bankruptcy probability of TIMTECH.PRO is 3.0% (moderate). For TIMTECH.PRO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €6k and a net result of €6k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 1448 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability85▲+85
Solvency38▲+13
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · 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 2023Solvency, return and age of the figures
Solvency
12.5%
Return on assets
12.6%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-09-2024, 57 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
57 d late
2022
116 d late
2021
359 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€6k
2022 · €-50
2021: €7khighest in 3 years
2022: €-50▼ -101% vs 2021lowest in 3 years
2023: €6k▲ +11974% vs 2022
2021 → 2023
Total assets
€47k▲ 12.1%
2022 · €42k
2021: €56khighest in 3 years
2022: €42k▼ -24.5% vs 2021lowest in 3 years
2023: €47k▲ +12.1% vs 2022
2021 → 2023
Net result
€6k
2022 · €-7k
2021: €2k
2022: €-7k▼ -409% vs 2021lowest in 3 years
2023: €6k▲ +180% vs 2022highest in 3 years
2021 → 2023
Working capital
€3k
2022 · €-5k
2021: €6khighest in 3 years
2022: €-5k▼ -182% vs 2021lowest in 3 years
2023: €3k▲ +168% vs 2022
2021 → 2023
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line202120222023Trend
Equity€7k-€-50€6k
2021: €7khighest in 3 years
2022: €-50▼ -101% vs 2021lowest in 3 years
2023: €6k▲ +11974% vs 2022
Operating result€3k-€-7k€9k
2021: €3k
2022: €-7k▼ -310% vs 2021lowest in 3 years
2023: €9k▲ +231% vs 2022highest in 3 years
Net result€2k-€-7k€6k
2021: €2k
2022: €-7k▼ -409% vs 2021lowest in 3 years
2023: €6k▲ +180% vs 2022highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €9k after a loss of €7k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €47k
Fixed assets
€3k ▼ 46.8%
Current assets
€44k ▲ 19.7%
Equity and liabilities €47k
Equity
€6k
Debt
€41k
Debt finances 87.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€11k▲
2022 · €-5k
Cash flow
€8k▲
2022 · €-6k
Current ratio
1.08▲
2022 · 0.88
Debt to equity
6.98
ROE
100.8%
ROA
12.6%▲
2022 · -17.8%
Interest coverage
24.64▲
2022 · -11.72
Debt ≤ 1 year
€41k▼
2022 · €42k
Income taxes
€3k
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 · 2023 against 2022 · 34 lines
Balance sheet
Code20222023
Assets
Total assets20/58€42k€47k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€799€399▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€37k€44k▲
Amounts receivable within one year40/41€29k€42k▲
Trade receivables40€25k€2k▼
Other amounts receivable41€4k€40k▲
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1€289-
Equity and liabilities
Total equity and liabilities10/49€42k€47k▲
Equity10/15€-50€6k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-5k€893▲
Amounts payable17/49€42k€41k▼
Amounts payable within one year42/48€42k€41k▼
Trade debts44€39k€31k▼
Suppliers440/4€39k€31k▼
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Remuneration and social security454/9€137-
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€624€2k▲
Gross operating margin9900€-5k€13k▲
Operating profit (loss)9901€-7k€9k▲
Financial charges65/66B€444€465▲
Recurring financial charges65€444€465▲
Profit (loss) for the period before taxes9903€-7k€9k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-7k€6k▲
Profit (loss) for the period to be appropriated9905€-7k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€893▲
Profit (loss) brought forward from the previous period14P€2k€-5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140 | €2k | €2k | ▲ 23.9% |
| Other operating charges640/8 | €369 | €624 | €2k | ▲ 214% |
| Gross operating margin9900 | €4k | €-5k | €13k | ▲ 393% |
| Operating profit (loss)9901 | €3k | €-7k | €9k | ▲ 231% |
| Financial charges65/66B | €329 | €444 | €465 | ▲ 4.6% |
| Recurring financial charges65 | €329 | €444 | €465 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €3k | €-7k | €9k | ▲ 217% |
| Income taxes67/77 | €604 | - | €3k | - |
| Profit (loss) for the period9904 | €2k | €-7k | €6k | ▲ 180% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-7k | €6k | ▲ 180% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €56k | €42k | €47k | ▲ 12.1% |
| Fixed assets21/28 | €1k | €5k | €3k | ▼ 46.8% |
| Tangible fixed assets22/27 | €1k | €5k | €3k | ▼ 46.8% |
| Plant, machinery and equipment23 | €1k | €799 | €399 | ▼ 50.1% |
| Furniture and vehicles24 | €261 | €4k | €2k | ▼ 46.1% |
| Current assets29/58 | €54k | €37k | €44k | ▲ 19.7% |
| Amounts receivable within one year40/41 | €48k | €29k | €42k | ▲ 43.2% |
| Trade receivables40 | €48k | €25k | €2k | ▼ 91.2% |
| Other amounts receivable41 | - | €4k | €40k | ▲ 841% |
| Cash at bank and in hand54/58 | €6k | €7k | €2k | ▼ 68.9% |
| Deferred charges and accrued income490/1 | - | €289 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €56k | €42k | €47k | ▲ 12.1% |
| Equity10/15 | €7k | €-50 | €6k | ▲ 11,974% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Outside capital11 | €5k | - | - | - |
| Other1109/19 | €5k | - | - | - |
| Profit (loss) carried forward14 | €2k | €-5k | €893 | ▲ 118% |
| Amounts payable17/49 | €48k | €42k | €41k | ▼ 2.0% |
| Amounts payable within one year42/48 | €48k | €42k | €41k | ▼ 2.0% |
| Trade debts44 | €22k | €39k | €31k | ▼ 20.0% |
| Suppliers440/4 | €22k | €39k | €31k | ▼ 20.0% |
| Taxes, remuneration and social security45 | €19k | €3k | €10k | ▲ 220% |
| Taxes450/3 | €678 | €3k | €10k | ▲ 235% |
| Remuneration and social security454/9 | €18k | €137 | - | - |
| Other amounts payable47/48 | €7k | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-7k | €6k | ▲ 180% |
| + Depreciation and write-downs630 | €140 | €2k | €2k | ▲ 23.9% |
| Operating cash flow (approximation) | €3k | €-6k | €8k | ▲ 245% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | ▲ 100% |
| Change in cash | - | €2k | €-5k | ▼ 396% |
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
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 359 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zaventem · 1 establishment unit since 2020
Ground area
9,293 m²
Building footprint
1,756 m²
Volume, LiDAR
12,850 m³
Parcel 23057B0004/00K000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
TIMTECH.PRO
since 20202.311.740.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0004/00K000 | Flanders | 9,293 m² | 1 · 1,756 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 650 companies in sector 33140 we hold annual accounts for 204. 99 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
Founded10-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
33140Repair and maintenance of electrical equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
46500Wholesale of information and communication equipment
46641Wholesale trade
46642Wholesale trade
Contact
E-mail
info@timtech.pro
Scores and ratios are computed by Checked and are not a credit decision.