Bankrupt · Opening faillissement (CBE)

Tim VOETS

BE0807063655

Rechtspersoon Private limited company 1 establishment

Tim VOETS is an earthmoving contractor in Hasselt. Private Limited, started on 2 October 2008, 1 establishment.

Fruitmarkt 8 box 1, 3500 Hasselt

Behind the company: Tim Voets.

Start date

2 October 2008

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Tight liquidity NBB

    Cash and receivables cover 36 % of short-term debt in 2023; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

Tim VOETS from Hasselt, company number BE0807063655, closed financial year 2023 with a result of € 65,105 after tax. For that financial year Tim VOETS recorded a gross margin of € 134,613 and equity of € 103,496. Compared with financial year 2022, the result moved from € -12,620 to € 65,105. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2024.

What it is worth Growing

€ 103,496

▲ 170% vs 2022

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

Profit Growing

€ 65,105

▲ still € 12,620 loss in 2022

Profit after tax over the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2023. Retained profit grew to € 84,896.

People and assets in 2023

Vehicles and equipment

€ 36,529

▼ 29% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt ≈ 2 years to go

€ 112,100

▼ 11% vs 2022

€ 32,046 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 225,063

▲ 37% vs 2022

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

Taxes

€ 65,977

▲ € 54,445 vs 2022

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
202120222023Change 2022 → 2023
Gross margin € 35,228 € 22,867 € 134,613 ▲ € 111,746
Profit after taxes € 15,467 € -12,620 € 65,105 ▲ € 77,725
Equity € 59,388 € 38,391 € 103,496 ▲ 170%
Total debts € 107,374 € 309,998 € 403,140 ▲ 30%
Cash € 337 € 240 -
Land & buildings € 13,248 € 10,994 € 9,044 ▼ 18%
Retained profit € 40,788 € 19,791 € 84,896 ▲ € 65,105
Dividend € 0 € 8,377 € 0 ▼ 100%
Bank debt € 43,452 € 125,529 € 112,100 ▼ 11%
Balance sheet total € 166,762 € 348,389 € 506,636 ▲ 45%

Key figures of Tim VOETS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to Tim VOETS?

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

Tim VOETS is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: profit of € 65,105. filed late Source: NBB ↗
  • New establishment in Hasselt. KBO
  • Start of the company according to the CBE. KBO

In short

From € 15,467 profit in 2021 to € 65,105 profit in 2023.

Paid € 49,664 in corporate taxes since 2021.

Best year ever: 2023, with € 65,105 profit.

Paid out € 8,377 in dividends to the owners in total.

Management

Tim Voets
Tim VOETS

Behind Tim VOETS is Tim Voets.

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Directors

According to the 2023 annual accounts

Tim Voets

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Fruitmarkt 8 box 1

3500 Hasselt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 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
0807.063.655
VAT number
BE 0807.063.655
Registered office
Fruitmarkt 8 bus 1, 3500 Hasselt
Names & denominations
Tim VOETS
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
2 October 2008
Peppol
Not registered
Activities · NACE

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Frequently asked questions

What does Tim VOETS do?
Tim VOETS is an earthmoving contractor in Hasselt. Private Limited, started on 2 October 2008, 1 establishment.
What is the address of Tim VOETS?
The registered office of Tim VOETS is located at Fruitmarkt 8 box 1, 3500 Hasselt.
Is Tim VOETS still active?
No. The CBE lists Tim VOETS with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Tim VOETS registered on Peppol?
No, Tim VOETS is currently not registered on the Peppol network.
What is the enterprise number of Tim VOETS?
The enterprise number of Tim VOETS is BE0807063655.
When was Tim VOETS founded?
Tim VOETS was founded on 2 October 2008.