Financials
Financial year 2025
Timber Industries from Sint-Martens-Latem, company number BE0755562001, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year Timber Industries recorded a gross margin of € 5,865 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 193,680 to € 2.5 million. Profitable, and profit is growing. 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 June 22, 2026.
€ 3.1 million
▲ € 2.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ € 2.3 million vs 2024
Profit after tax over the fiscal year.
€ 314,018
▲ 96% 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 € 3 million.
People and assets in 2025
€ 6,887
▼ 78% 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.
€ 241,850
▲ € 238,706 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 | € 149,682 | € 147,589 | € 170,919 | € 5,865 | ▼ 97% |
| Profit after taxes | € 251,875 | € 262,339 | € 193,680 | € 2,537,931 | ▲ € 2.3 million |
| Equity | € 600,610 | € 862,949 | € 600,610 | € 3,138,541 | ▲ € 2.5 million |
| Total debts | € 841,340 | € 571,233 | € 790,985 | € 686,261 | ▼ 13% |
| Cash | € 187,225 | € 166,633 | € 159,869 | € 314,018 | ▲ 96% |
| Retained profit | € 500,610 | € 762,949 | € 500,610 | € 3,038,541 | ▲ € 2.5 million |
| Dividend | € 0 | € 0 | € 456,019 | € 0 | ▼ 100% |
| Balance sheet total | € 1,441,950 | € 1,434,182 | € 1,391,595 | € 3,824,802 | ▲ 175% |
Key figures of Timber Industries, 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 Timber Industries?
What happened at Timber Industries in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.5 million (▲ € 2.3 million vs 2024). Source: NBB ↗
- New establishment in Sint-Martens-Latem. KBO
- NICOLAS DECOLVENAERE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 251,875 profit in 2022 to € 2.5 million profit in 2025.
Paid € 373,131 in corporate taxes since 2022.
Best year ever: 2025, with € 2.5 million profit.
Paid out € 456,019 in dividends to the owners in total.
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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 Timber Industries is NICOLAS DECOLVENAERE.
Directors
According to the 2025 annual accounts
NICOLAS DECOLVENAERE
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Heidebergen 33
9830 Sint-Martens-Latem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0755.562.001
- VAT number
- BE 0755.562.001
- Registered office
- Heidebergen 33, 9830 Sint-Martens-Latem
- Names & denominations
- Timber Industries
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2020
- Peppol
- Active · Active since 2 Mar 2026
- Activities · NACE
Handelsbemiddeling in de groothandel in hout en bouwmaterialen