Financials
Financial year 2025
Timbers Design from Mechelen, company number BE1003183995, closed financial year 2025 with a result of € 17,181 after tax. For that financial year Timbers Design recorded a gross margin of € 98,078 and equity of € 41,994. Compared with financial year 2024, the result moved from € 23,814 to € 17,181. The company is profitable. 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 July 3, 2026.
€ 41,994
▲ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,181
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 20,408
▲ 32% 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 € 40,994.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 59,145
▲ 4% 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.
€ 9,810
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 50,000
Loans from banks and other lenders, long and short.
€ 18,941
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,880
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 104,921 | € 98,078 | ▼ 7% |
| Profit after taxes | € 23,814 | € 17,181 | ▼ 28% |
| Equity | € 24,814 | € 41,994 | ▲ 69% |
| Total debts | € 66,582 | € 72,821 | ▲ 9% |
| Cash | € 15,511 | € 20,408 | ▲ 32% |
| Retained profit | € 23,814 | € 40,994 | ▲ 72% |
| Bank debt | € 50,000 | € 50,000 | |
| Balance sheet total | € 91,396 | € 114,815 | ▲ 26% |
Key figures of Timbers Design, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to Timbers Design?
What happened at Timbers Design in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,181 (▼ 28% vs 2024). Source: NBB ↗
- New establishment in Mechelen. KBO
- Birgen Selleslagh became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 23,814 profit in 2024 to € 17,181 profit in 2025.
Paid € 11,038 in corporate taxes since 2024.
Best year ever: 2024, with € 23,814 profit.
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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 Timbers Design is Birgen Selleslagh.
Directors
According to the 2025 annual accounts
Birgen Selleslagh
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Sint-Martinusstraat(HOM) 16
2811 Mechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1003.183.995
- VAT number
- BE 1003.183.995
- Registered office
- Sint-Martinusstraat(HOM) 16, 2811 Mechelen
- Names & denominations
- Timbers Design
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 2023
- Peppol
- Active · Active since 17 May 2025
- Contact
- [email protected]
- Activities · NACE
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