What does GOETHALS TIMO do?

GOETHALS TIMO is a heating and ventilation installer in Oostrozebeke. Private Limited, started on 17 December 2021, 1 establishment.

What is the address of GOETHALS TIMO?

The registered office of GOETHALS TIMO is located at Wielsbekestraat 33, 8780 Oostrozebeke.

Is GOETHALS TIMO still active?

Yes. According to the CBE (30 October 2026) GOETHALS TIMO is active, legal situation “Normale toestand”, started on 17 December 2021.

Is GOETHALS TIMO registered on Peppol?

Yes, GOETHALS TIMO is registered on the Peppol network with ID 0208:0778786967.

What is the enterprise number of GOETHALS TIMO?

The enterprise number of GOETHALS TIMO is BE0778786967.

When was GOETHALS TIMO founded?

GOETHALS TIMO was founded on 17 December 2021.

Who are the directors of GOETHALS TIMO?

According to the 2025 annual accounts, the directors of GOETHALS TIMO are: MARC GOETHALS, TIMO GOETHALS.

Is GOETHALS TIMO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 December 2021; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did GOETHALS TIMO make in 2025?

GOETHALS TIMO posted a profit after taxes of € 459,517 in financial year 2025.

What is the revenue of GOETHALS TIMO?

As a small company, GOETHALS TIMO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 715,222.

How much does an employee at GOETHALS TIMO earn?

The average wage cost per full-time employee at GOETHALS TIMO was € 66,600 in 2025: staff costs of € 93,203 for 1.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GOETHALS TIMO have?

According to the 2025 annual accounts, GOETHALS TIMO has 1.4 full-time equivalents (FTE).

Does GOETHALS TIMO have a website?

Yes, GOETHALS TIMO has a website at verwarming-goethals.be.

GOETHALS TIMO (Private Limited) - Oostrozebeke

Dossier GOETHALS TIMO, printed on 30 October 2026 from databakkes.be/en/0778786967/goethals-timo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GOETHALS TIMO from Oostrozebeke, company number BE0778786967, closed financial year 2025 with a result of € 459,517 after tax. For that financial year GOETHALS TIMO recorded a gross margin of € 715,222 and equity of € 951,686. Compared with financial year 2024, the result moved from € 445,670 to € 459,517. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.

What it is worth Healthy

€ 951,686

▼ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 459,517

▲ 3% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 637,130

▼ 14% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 619,370 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

1.4

▲ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 93,203

▲ 39% vs 2024

€ 66,600 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.

Vehicles and equipment

€ 68,503

▲ 35% vs 2024

Of which on lease € 29,721.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 58,102

▼ 36% vs 2024

€ 31,295 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 178,950

▲ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 19,842

▼ 67% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 632,492 Gross margin 2022: € 632,492 First fiscal year in the series	€ 510,604 Gross margin 2023: € 510,604 ▼ 19% vs 2022 (€ 632,492) Unfavourable step	€ 681,606 Gross margin 2024: € 681,606 ▲ 33% vs 2023 (€ 510,604) Favourable step	€ 715,222 Gross margin 2025: € 715,222 ▲ 5% vs 2024 (€ 681,606) Favourable step	▲ 5%
Profit after taxes	€ 364,569 Profit after taxes 2022: € 364,569 First fiscal year in the series	€ 297,228 Profit after taxes 2023: € 297,228 ▼ 18% vs 2022 (€ 364,569) Unfavourable step	€ 445,670 Profit after taxes 2024: € 445,670 ▲ 50% vs 2023 (€ 297,228) Favourable step	€ 459,517 Profit after taxes 2025: € 459,517 ▲ 3% vs 2024 (€ 445,670) Favourable step	▲ 3%
Equity	€ 368,642 Equity 2022: € 368,642 First fiscal year in the series	€ 665,870 Equity 2023: € 665,870 ▲ 81% vs 2022 (€ 368,642) Favourable step	€ 1,111,540 Equity 2024: € 1,111,540 ▲ 67% vs 2023 (€ 665,870) Favourable step	€ 951,686 Equity 2025: € 951,686 ▼ 14% vs 2024 (€ 1,111,540) Unfavourable step	▼ 14%
Total debts	€ 333,212 Total debts 2022: € 333,212 First fiscal year in the series	€ 417,275 Total debts 2023: € 417,275 ▲ 25% vs 2022 (€ 333,212) Unfavourable step	€ 356,250 Total debts 2024: € 356,250 ▼ 15% vs 2023 (€ 417,275) Favourable step	€ 867,858 Total debts 2025: € 867,858 ▲ 144% vs 2024 (€ 356,250) Unfavourable step	▲ 144%
Cash	€ 389,107 Cash 2022: € 389,107 First fiscal year in the series	€ 241,079 Cash 2023: € 241,079 ▼ 38% vs 2022 (€ 389,107) Unfavourable step	€ 741,965 Cash 2024: € 741,965 ▲ 208% vs 2023 (€ 241,079) Favourable step	€ 637,130 Cash 2025: € 637,130 ▼ 14% vs 2024 (€ 741,965) Unfavourable step	▼ 14%
Land & buildings	€ 151,667 Land & buildings 2022: € 151,667 First fiscal year in the series	€ 148,067 Land & buildings 2023: € 148,067 ▼ 2% vs 2022 (€ 151,667) Unchanged	€ 144,468 Land & buildings 2024: € 144,468 ▼ 2% vs 2023 (€ 148,067) Unchanged	€ 140,868 Land & buildings 2025: € 140,868 ▼ 2% vs 2024 (€ 144,468) Unchanged	▼ 2%
Retained profit	€ 363,642 Retained profit 2022: € 363,642 First fiscal year in the series	€ 660,870 Retained profit 2023: € 660,870 ▲ 82% vs 2022 (€ 363,642) Favourable step	€ 1,106,540 Retained profit 2024: € 1,106,540 ▲ 67% vs 2023 (€ 660,870) Favourable step	€ 946,686 Retained profit 2025: € 946,686 ▼ 14% vs 2024 (€ 1,106,540) Unfavourable step	▼ 14%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 619,370 Dividend 2025: € 619,370 Unchanged (€ 0) Unchanged
Bank debt	€ 87,201 Bank debt 2022: € 87,201 First fiscal year in the series	€ 121,948 Bank debt 2023: € 121,948 ▲ 40% vs 2022 (€ 87,201) Unfavourable step	€ 90,213 Bank debt 2024: € 90,213 ▼ 26% vs 2023 (€ 121,948) Favourable step	€ 58,102 Bank debt 2025: € 58,102 ▼ 36% vs 2024 (€ 90,213) Favourable step	▼ 36%
Balance sheet total	€ 701,853 Balance sheet total 2022: € 701,853 First fiscal year in the series	€ 1,083,145 Balance sheet total 2023: € 1,083,145 ▲ 54% vs 2022 (€ 701,853) Unchanged	€ 1,467,790 Balance sheet total 2024: € 1,467,790 ▲ 36% vs 2023 (€ 1,083,145) Unchanged	€ 1,819,544 Balance sheet total 2025: € 1,819,544 ▲ 24% vs 2024 (€ 1,467,790) Unchanged	▲ 24%
Employees (FTE)	0.9 Employees (FTE) 2022: 0.9 First fiscal year in the series	1.2 Employees (FTE) 2023: 1.2 ▲ 0.3 vs 2022 (0.9) Unchanged	1.3 Employees (FTE) 2024: 1.3 ▲ 0.1 vs 2023 (1.2) Unchanged	1.4 Employees (FTE) 2025: 1.4 ▲ 0.1 vs 2024 (1.3) Unchanged	▲ 0.1

Key figures of GOETHALS 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 GOETHALS TIMO?

What happened at GOETHALS TIMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 25, 2026 New annual accounts for financial year 2025: profit of € 459,517 (▲ 3% vs 2024). Source: NBB ↗
Dec 17, 2021 New establishment in Oostrozebeke. KBO
2021 MARC GOETHALS became a director. NBB
2021 TIMO GOETHALS became a director. NBB
Dec 17, 2021 Start of the company according to the CBE. KBO

In short

From € 364,569 profit in 2022 to € 459,517 profit in 2025.

Paid € 563,570 in corporate taxes since 2022.

Best year ever: 2025, with € 459,517 profit.

On average € 510,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MARC GOETHALS TIMO GOETHALS

GOETHALS TIMO

Behind GOETHALS TIMO are MARC GOETHALS and TIMO GOETHALS.

Directors

According to the 2025 annual accounts

MARC GOETHALS

Director

since 2021

TIMO GOETHALS

Director

since 2021

Establishments

Establishment units

Physical locations of this company

Registered office

Wielsbekestraat 33

8780 Oostrozebeke

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS verwarming-goethals.be

Technologies

NginxPHP

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Website info

HTTPS Ja

Features

Contact page

Security

✓ HTTPS

✓ SPF

✗ DMARC

Network

✓ IPv6

Details

Company number

0778.786.967

VAT number

BE 0778.786.967

Registered office

Wielsbekestraat 33, 8780 Oostrozebeke

Names & denominations

GOETHALS TIMO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

17 December 2021

Peppol

Active · Active since 6 Mar 2025

Contact

verwarming-goethals.be

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Reparatie en onderhoud van producten van metaal

View on CBE Public ↗ Annual accounts (NBB) ↗

GOETHALS TIMO

Financials

What happened to GOETHALS TIMO?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions