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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
TIMMERMANS 1845 from Gent, company number BE0448980831, closed financial year 2025 with a result of € -14,950 after tax. For that financial year TIMMERMANS 1845 recorded a gross margin of € 171,322 and equity of € -329,714. Compared with financial year 2024, the result moved from € -15,639 to € -14,950. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 2, 2025.
€ -329,714
▼ € 14,950 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,950
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 23,603
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -379,938.
People and assets in 2025
€ 148,601
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,479
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 739,652
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 20,344
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,893
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 169,879 | € 172,775 | € 168,540 | € 171,322 | ▲ 2% |
| Profit after taxes | € 21,968 | € -1,623 | € -15,639 | € -14,950 | ▲ € 689 |
| Equity | € -297,503 | € -299,126 | € -314,765 | € -329,714 | ▼ € 14,950 |
| Total debts | € 798,970 | € 798,507 | € 798,172 | € 784,889 | ▼ 2% |
| Cash | € 66,845 | € 21,328 | € 37,654 | € 23,603 | ▼ 37% |
| Land & buildings | € 96,288 | € 89,220 | € 76,718 | € 96,462 | ▲ 26% |
| Retained profit | € -347,726 | € -349,349 | € -364,988 | € -379,938 | ▼ € 14,950 |
| Bank debt | € 760,602 | € 720,702 | € 730,802 | € 739,652 | ▲ 1% |
| Balance sheet total | € 501,468 | € 499,381 | € 483,408 | € 455,175 | ▼ 6% |
Key figures of TIMMERMANS 1845, 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 TIMMERMANS 1845?
What happened at TIMMERMANS 1845 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,950. Source: NBB ↗
- Michel Timmermans became a director. NBB
- Patrick Timmermans became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,968 profit in 2022 to € 14,950 loss in 2025.
Best year ever: 2022, with € 21,968 profit.
Management
Behind TIMMERMANS 1845 are Michel Timmermans and Patrick Timmermans. The same people are also behind MARKETPLACE, MT - MANAGEMENT and PTM - CONSULT.
Directors
According to the 2025 annual accounts
since 2001
since 2001
Establishments
Establishment units
Physical locations of this company
Kortemunt 5
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.980.831
- VAT number
- BE 0448.980.831
- Registered office
- Kortemunt 5, 9000 Gent
- Names & denominations
- TIMMERMANS 1845
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1992
- Peppol
- Active · Active since 12 Jun 2026
- Activities · NACE
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