Financials
Financial year 2024
Tim Saint-Germain from Diksmuide, company number BE0668389188, closed financial year 2024 with a result of € 140,065 after tax. For that financial year Tim Saint-Germain recorded a gross margin of € 1.4 million and equity of € 577,300. Compared with financial year 2023, the result moved from € 152,207 to € 140,065. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2025.
€ 577,300
▲ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 140,065
▼ 8% vs 2023
Profit after tax over the fiscal year.
€ 450,151
▼ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
71 % of the profit went to the shareholders, mostly to SALONS SAINT - GERMAIN (100 % of the shares). That is where the money ends up.
People and assets in 2024
20
▲ 2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 7% vs 2023
€ 53,500 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.
€ 9,696
▼ 31% vs 2023
Of which on lease € 7,223.
Debts at end 2024
€ 433,734
▲ 46% vs 2023
€ 149,296 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 335,524
▲ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 24,366
▼ 24% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 606,138 | € 1,085,724 | € 1,332,504 | € 1,438,010 | ▲ 8% |
| Profit after taxes | € 20,130 | € 87,196 | € 152,207 | € 140,065 | ▼ 8% |
| Equity | € 450,039 | € 537,235 | € 537,235 | € 577,300 | ▲ 7% |
| Total debts | € 1,003,967 | € 983,684 | € 1,239,690 | € 1,271,870 | ▲ 3% |
| Cash | € 409,136 | € 360,155 | € 628,176 | € 450,151 | ▼ 28% |
| Land & buildings | € 173,580 | € 149,376 | € 125,172 | € 100,968 | ▼ 19% |
| Retained profit | € 450,039 | € 537,235 | € 22,493 | € 62,558 | ▲ 178% |
| Dividend | € 0 | € 0 | € 152,207 | € 100,000 | ▼ 34% |
| Bank debt | € 358,177 | € 386,875 | € 297,293 | € 433,734 | ▲ 46% |
| Balance sheet total | € 1,454,006 | € 1,520,919 | € 1,776,925 | € 1,849,170 | ▲ 4% |
| Employees (FTE) | 15.5 | 18.1 | 18 | 20 | ▲ 2 |
Key figures of Tim Saint-Germain, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Tim Saint-Germain?
What happened at Tim Saint-Germain in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 140,065 (▼ 8% vs 2023). Source: NBB ↗
- New establishment in Diksmuide. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,130 profit in 2021 to € 140,065 profit in 2024.
Paid € 3,319 in corporate taxes since 2021.
Best year ever: 2023, with € 152,207 profit.
On average € 71,900 of value added per employee in 2024.
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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 SALONS SAINT - GERMAIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Tim Saint-GermainBehind Tim Saint-Germain are Eline Mergaert, Tim Saint-Germain and Salons Saint-Germain BV. The shares are held by SALONS SAINT - GERMAIN (99.6%).
Directors
According to the 2024 annual accounts
Eline Mergaert
Director
Owns 0% via SALONS SAINT - GERMAIN
Also active at: Duin en Polder, SALONS SAINT - GERMAIN, MESAELITI
Director
Shareholders
SALONS SAINT - GERMAIN · holding of Eline Mergaert
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
De Breyne Peellaertstraat(D) 12
8600 Diksmuide
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
- 0668.389.188
- VAT number
- BE 0668.389.188
- Registered office
- De Breyne Peellaertstraat(D) 12, 8600 Diksmuide
- Names & denominations
- Tim Saint-Germain
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2016
- Peppol
- Active · Active since 27 May 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Catering van evenementen
Discotheken, dancings en dergelijke