Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 69.1 to 52.5.
Financials
Financial year 2025
TIMMERMAN ENERGY & HEAT SOLUTIONS from Eeklo, company number BE0411969490, closed financial year 2025 with a result of € -422,503 after tax. For that financial year TIMMERMAN ENERGY & HEAT SOLUTIONS recorded a gross margin of € 3.7 million and equity of € 843,679. Compared with financial year 2024, the result moved from € -607,997 to € -422,503. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 843,679
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -422,503
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 131,368
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -256,321.
People and assets in 2025
52.5
▼ 9.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.1 million
▼ 8% vs 2024
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 110,930
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2 million
▲ 11% vs 2024
€ 477,546 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 846,659
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 488,346
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,383,136 | € 11,711,548 | - | - | |
| Gross margin | - | - | € 4,257,009 | € 3,713,387 | ▼ 13% |
| Profit after taxes | € 210,420 | € 79,754 | € -607,997 | € -422,503 | ▲ € 185,494 |
| Equity | € 1,944,425 | € 1,874,179 | € 1,266,183 | € 843,679 | ▼ 33% |
| Total debts | € 3,615,426 | € 4,848,411 | € 4,426,741 | € 4,065,264 | ▼ 8% |
| Cash | € 299,836 | € 893,307 | € 153,384 | € 131,368 | ▼ 14% |
| Retained profit | € 844,425 | € 774,179 | € 166,183 | € -256,321 | ▼ € 422,503 |
| Dividend | € 100,000 | € 150,000 | € 0 | € 0 | |
| Bank debt | € 703,623 | € 1,039,515 | € 1,828,464 | € 2,030,143 | ▲ 11% |
| Balance sheet total | € 5,571,306 | € 6,735,581 | € 5,707,198 | € 4,922,975 | ▼ 14% |
| Employees (FTE) | 74.2 | 69.1 | 61.6 | 52.5 | ▼ 9.1 |
Key figures of TIMMERMAN ENERGY & HEAT SOLUTIONS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TIMMERMAN ENERGY & HEAT SOLUTIONS?
What happened at TIMMERMAN ENERGY & HEAT SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mithras BV stepped down as director. NBB
- Evaleur NV stepped down as director. NBB
- Lieven Lambaere stepped down as director. NBB
- Emmanuel Buyck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 422,503. Source: NBB ↗
- Evaleur NV became a director. NBB
- Mithras BV became a director. NBB
- Emmanuel Buyck became a director. NBB
In short
From € 210,420 profit in 2022 to € 422,503 loss in 2025.
Paid € 158,575 in corporate taxes since 2022.
Best year ever: 2022, with € 210,420 profit.
On average € 70,700 of value added per employee in 2025.
A new publication or filing at TIMMERMAN ENERGY & HEAT SOLUTIONS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COMPANIONS IN GROWTH, EVALEUR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TIMMERMAN ENERGY & HEAT SOLUTIONSThe shares are held by COMPANIONS IN GROWTH (100%) and EVALEUR (96%).
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Jan Verfaellie
since 2025 · until 2027
Lieven Lambaere
Director
Also active at: Biscuit International Belgium (GHI), Grimhild, THE WALLFASHION HOUSE, Trigo, Belgian Cacao, Grandeco Wallfashion Group - Belgium, EVALEUR, Biscuit International Belgium (ENG) +1 more
since 2021 · until 2027
since 2023 · until 2029
Emmanuel Buyck
Director
Also active at: DCP, HELLYN, BDMO, CREPRETO, THE ROTATING COMPANY, EVALEUR, DUCAJU, AQUAE FORTUNA
since 2022 · until 2027
Shareholders
100%
96%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Slachthuisstraat 14
9900 Eeklo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0411.969.490
- VAT number
- BE 0411.969.490
- Registered office
- Slachthuisstraat 14, 9900 Eeklo
- Names & denominations
- TIMMERMAN ENERGY & HEAT SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1972
- Peppol
- Active · Active since 21 Jan 2026
- Contact
- timmerman-ehs.be
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