Financials
Financial year 2025
TIMECO from Kortrijk, company number BE0429135522, closed financial year 2025 with a result of € 7,246 after tax. For that financial year TIMECO recorded a gross margin of € 14,487 and equity of € 37,600. Compared with financial year 2024, the result moved from € 22,562 to € 7,246. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 22, 2025.
€ 37,600
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,246
▼ 68% vs 2024
Profit after tax over the fiscal year.
€ 21,509
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
23 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 4,600
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 318
Supplier invoices still open on the last day of the fiscal year.
€ 2,189
▼ 42% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,545 | € 45,274 | € 50,901 | € 14,487 | ▼ 72% |
| Profit after taxes | € 2,898 | € 24,865 | € 22,562 | € 7,246 | ▼ 68% |
| Equity | € 1,293 | € 11,158 | € 32,020 | € 37,600 | ▲ 17% |
| Total debts | € 57,054 | € 45,206 | € 15,564 | € 7,016 | ▼ 55% |
| Cash | € 17,778 | € 27,180 | € 23,722 | € 21,509 | ▼ 9% |
| Retained profit | € -4,531 | € 5,334 | € 26,196 | € 31,776 | ▲ 21% |
| Dividend | € 0 | € 15,000 | € 1,700 | € 1,666 | ▼ 2% |
| Bank debt | € 41,744 | € 24,321 | € 10,072 | € 0 | ▼ 100% |
| Balance sheet total | € 58,347 | € 56,364 | € 47,584 | € 44,616 | ▼ 6% |
Key figures of TIMECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to TIMECO?
What happened at TIMECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,246 (▼ 68% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,898 profit in 2022 to € 7,246 profit in 2025.
Paid € 13,795 in corporate taxes since 2022.
Best year ever: 2023, with € 24,865 profit.
Paid out € 18,366 in dividends to the owners in total.
A new publication or filing at TIMECO? 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
Behind TIMECO are Tillo Mestdagh Jr and Els DEGRAUWE. The same people are also behind SONNEVANCK. Els DEGRAUWE is also behind HUIZE VANDEVENNE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Pottelberg(Kor) 14
8500 Kortrijk
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.
Details
- Company number
- 0429.135.522
- VAT number
- BE 0429.135.522
- Registered office
- Pottelberg(Kor) 14, 8500 Kortrijk
- Names & denominations
- TIMECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1986
- Peppol
- Active · Active since 19 Dec 2024
- Activities · NACE
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Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering