Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Timo from Brasschaat, company number BE0434259003, closed financial year 2025 with a result of € 34,252 after tax. For that financial year Timo recorded a gross margin of € -2,452 and equity of € 801,498. Compared with financial year 2024, the result moved from € 3,126 to € 34,252. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 4, 2026.
€ 801,498
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,252
▲ € 31,126 vs 2024
Profit after tax over the fiscal year.
€ 11,855
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 739,524.
People and assets in 2025
€ 126,925
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 23% vs 2024
€ 41,881 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 507,974
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,591
▼ 81% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,043 | € 96,870 | € -153,687 | € -2,452 | ▲ € 151,236 |
| Profit after taxes | € 2,610 | € 59,413 | € 3,126 | € 34,252 | ▲ € 31,126 |
| Equity | € 704,706 | € 764,119 | € 767,245 | € 801,498 | ▲ 4% |
| Total debts | € 408,551 | € 326,972 | € 1,815,636 | € 1,791,799 | ▼ 1% |
| Cash | € 1,378 | € 134 | € 123,762 | € 11,855 | ▼ 90% |
| Retained profit | € 642,732 | € 702,146 | € 705,272 | € 739,524 | ▲ 5% |
| Bank debt | € 292,139 | € 189,399 | € 952,270 | € 1,168,127 | ▲ 23% |
| Balance sheet total | € 1,113,257 | € 1,091,091 | € 2,582,881 | € 2,593,296 |
Key figures of Timo, 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 Timo?
What happened at Timo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,252 (▲ € 31,126 vs 2024). filed late Source: NBB ↗
- Kristel Cornelissen became a director. NBB
- Vincent Vandeputte became a director. NBB
- New establishment in Brasschaat. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,610 profit in 2022 to € 34,252 profit in 2025.
Paid € 39,542 in corporate taxes since 2022.
Best year ever: 2023, with € 59,413 profit.
Management
Behind Timo are Vincent Vandeputte and Kristel Cornelissen. It owns 11% of SWS Partners itself.
Directors
According to the 2025 annual accounts
Vincent Vandeputte
Director
since 2014
Kristel Cornelissen
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Michielssendreef 3
2930 Brasschaat
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.259.003
- VAT number
- BE 0434.259.003
- Registered office
- Michielssendreef 3, 2930 Brasschaat
- Names & denominations
- Timo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 1988
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
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