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 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TIMAS EUROPE from Bilzen-Hoeselt, company number BE0788662359, closed financial year 2025 with a result of € -158,614 after tax. For that financial year TIMAS EUROPE recorded a gross margin of € -40,082 and equity of € -209,342. Compared with financial year 2024, the result moved from € -83,410 to € -158,614. 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 July 24, 2026.
€ -209,342
▼ € 158,614 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -158,614
▼ 90 % more loss than in 2024
Profit after tax over the fiscal year.
€ 19,777
▲ 101% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -279,342.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 90,241
▲ 49% 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 68,400
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,382
▲ 81% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -12,292 | € -20,668 | € -20,783 | € -40,082 | ▼ € 19,298 |
| Profit after taxes | € -12,561 | € -24,756 | € -83,410 | € -158,614 | ▼ € 75,204 |
| Equity | € 57,439 | € 32,682 | € -50,727 | € -209,342 | ▼ € 158,614 |
| Total debts | € 401 | € 4,690 | € 154,779 | € 421,585 | ▲ 172% |
| Cash | € 57,079 | € 35,396 | € 9,838 | € 19,777 | ▲ 101% |
| Retained profit | € -12,561 | € -37,318 | € -120,727 | € -279,342 | ▼ € 158,614 |
| Balance sheet total | € 57,840 | € 37,373 | € 104,052 | € 212,244 | ▲ 104% |
| Employees (FTE) | - | 0 | 1.2 | - |
Key figures of TIMAS EUROPE, 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 TIMAS EUROPE?
What happened at TIMAS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 158,614. Source: NBB ↗
- New establishment in Bilzen-Hoeselt. KBO
- Vahit Zengin became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,561 loss in 2022 to € 158,614 loss in 2025.
A new publication or filing at TIMAS EUROPE? We notify you, reason included.
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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 TIMAS EUROPE is Vahit Zengin. Vahit Zengin is also behind ZENGIN.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Bremakker 20
3740 Bilzen-Hoeselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
timaseurope.com
Registered
2021-12-21
Registrar
Nics Telekomunikasyon A.S.
Expires
2030-12-21
Website info
Features
Security
Network
Details
- Company number
- 0788.662.359
- VAT number
- BE 0788.662.359
- Registered office
- Bremakker 20, 3740 Bilzen-Hoeselt
- Names & denominations
- TIMAS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2022
- Peppol
- Active · Active since 12 Feb 2025
- Contact
- timaseurope.com +32 469 14 68 78
- Activities · NACE
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