Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
TIMCO MECHANICS from Kasterlee, company number BE0680522405, closed financial year 2022 with a result of € -50,900 after tax. For that financial year TIMCO MECHANICS recorded a gross margin of € 99,049 and equity of € -235,792. Compared with financial year 2021, the result moved from € -201,529 to € -50,900. 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 August 16, 2023.
€ -235,792
▼ € 50,900 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,900
▲ 75 % less loss than in 2021
Profit after tax over the fiscal year.
€ 160
▼ 99% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -254,392.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 132,818
▼ 56% vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,983
▼ 17% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 105,645
▼ 30% vs 2021
€ 22,497 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 122,795
▲ 16% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 61,471
▲ 61% vs 2021
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 120,577 | € 99,049 | ▼ 18% |
| Profit after taxes | € -201,529 | € -50,900 | ▲ € 150,629 |
| Equity | € -184,892 | € -235,792 | ▼ € 50,900 |
| Total debts | € 305,843 | € 307,204 | |
| Cash | € 11,662 | € 160 | ▼ 99% |
| Retained profit | € -203,492 | € -254,392 | ▼ € 50,900 |
| Bank debt | € 150,794 | € 105,645 | ▼ 30% |
| Balance sheet total | € 120,951 | € 71,413 | ▼ 41% |
Key figures of TIMCO MECHANICS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to TIMCO MECHANICS?
What happened at TIMCO MECHANICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TIMCO MECHANICS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 50,900. filed late Source: NBB ↗
- New establishment in Kasterlee. KBO
- Start of the company according to the CBE. KBO
In short
From € 201,529 loss in 2021 to € 50,900 loss in 2022.
Paid € 920 in corporate taxes since 2021.
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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 TIMCO MECHANICS is Nico Janssens.
Directors
According to the 2022 annual accounts
Nico Janssens
Director
Establishments
Establishment units
Physical locations of this company
Bendeakkers 4
2460 Kasterlee
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.522.405
- VAT number
- BE 0680.522.405
- Registered office
- Bendeakkers 4, 2460 Kasterlee
- Names & denominations
- TIMCO MECHANICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 August 2017
- Peppol
- Active · Active since 23 Mar 2026
- Contact
- 0479818971
- Activities · NACE
Installatie van industriële machines, toestellen en werktuigen
Arbeidsbemiddeling