NORMAL SITUATION

TIM SECURITY

Export PDF

Financial year 2022 · closed on 30/09/2022

Net result

511,4 k €

+3.2% YoY

Gross margin

1,5 M €

-18.9% YoY

Equity

1,1 M €

+80.5% YoY

Workforce

17,5 ETP

-10.3% YoY

Company — Normal situation.

What does TIM SECURITY do?

TIM SECURITY is a company registered in Belgium. It employs on average 17,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.595.591

Legal form

Private limited company

Contributed capital

51 587,50 €

Latest accounts

30/09/2022

Average workforce

17,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	-18.9%	1,9 M €	+4.5%	1,8 M €	+6.7%	1,7 M €	+5.1%	1,6 M €	+1.3%	1,6 M €	-1.1%	1,6 M €	+20.8%	1,3 M €	+6.5%	1,3 M €	+1.5%	1,2 M €	+5.0%	1,2 M €	+8.2%	1,1 M €	+9.9%	997,4 k €	+12.0%	890,2 k €	+9.4%	813,6 k €	-1.0%	822,0 k €	+15.7%	710,6 k €
EBITDA	689,6 k €	+1.1%	681,9 k €	-4.9%	717,2 k €	+122%	322,8 k €	-6.6%	345,8 k €	+89.1%	182,9 k €	-47.9%	351,1 k €	+67.0%	210,2 k €	+19.0%	176,7 k €	-29.0%	248,7 k €	-9.4%	274,3 k €	+30.3%	210,5 k €	-13.7%	244,0 k €	+82.1%	134,0 k €	-13.5%	154,9 k €	-14.7%	181,5 k €	+14.0%	159,3 k €
Operating result	667,8 k €	+1.2%	659,9 k €	-4.2%	689,2 k €	+134%	294,2 k €	-3.4%	304,6 k €	+161%	116,6 k €	-56.0%	265,0 k €	+219%	83,2 k €	+18.3%	70,3 k €	-35.2%	108,5 k €	-38.1%	175,3 k €	+80.8%	96,9 k €	-34.3%	147,5 k €	+130%	64,3 k €	-23.3%	83,8 k €	-36.6%	132,3 k €	+60.3%	82,5 k €
Net result	511,4 k €	+3.2%	495,6 k €	-3.6%	514,3 k €	+152%	204,0 k €	+2.0%	200,1 k €	+79.5%	111,5 k €	-55.3%	249,4 k €	+277%	66,2 k €	+10.7%	59,8 k €	-43.1%	105,1 k €	-36.4%	165,4 k €	+56.6%	105,6 k €	-25.2%	141,1 k €	+126%	62,3 k €	-3.7%	64,7 k €	-49.1%	127,1 k €	+77.9%	71,4 k €
Balance sheet
Equity	1,1 M €	+80.5%	635,2 k €	+355%	139,6 k €	+3.2%	135,3 k €	-55.4%	303,5 k €	+0.0%	303,4 k €	+1.2%	299,9 k €	+4.0%	288,5 k €	+1.5%	284,3 k €	+178%	102,4 k €	-63.5%	280,5 k €	+5.8%	265,1 k €	+2.2%	259,6 k €	+8.8%	238,5 k €	+15.7%	206,2 k €	+7.7%	191,4 k €	-30.2%	274,3 k €
Total assets	2,3 M €	+15.9%	2,0 M €	+4.1%	1,9 M €	+27.5%	1,5 M €	-11.9%	1,7 M €	+15.0%	1,5 M €	-6.4%	1,6 M €	+15.3%	1,4 M €	+0.5%	1,4 M €	+4.8%	1,3 M €	-7.6%	1,4 M €	+3.6%	1,4 M €	+12.6%	1,2 M €	+10.9%	1,1 M €	+7.1%	1,0 M €	-1.8%	1,0 M €	+0.2%	1,0 M €
Cash	1,5 M €	+58.3%	931,6 k €	-3.2%	962,9 k €	+64.9%	583,8 k €	-20.9%	737,8 k €	+86.0%	396,7 k €	+24.0%	319,9 k €	+344%	72,0 k €	-54.2%	157,2 k €	+58.7%	99,1 k €	+1.2%	97,9 k €	+77.2%	55,3 k €	-79.8%	273,6 k €	+625%	37,7 k €	+43.0%	26,4 k €	-73.2%	98,6 k €	-10.6%	110,2 k €
Debts	332,3 k €	+50.0%	221,5 k €	-69.6%	728,0 k €	+104%	356,4 k €	-16.2%	425,2 k €	+51.4%	280,9 k €	-24.0%	369,7 k €	+86.2%	198,6 k €	+7.8%	184,2 k €	-56.9%	427,3 k €	+24.5%	343,2 k €	-13.7%	397,5 k €	+24.4%	319,4 k €	+43.0%	223,4 k €	-12.9%	256,4 k €	-25.7%	345,1 k €	+22.7%	281,3 k €
Other
Workforce	17,5 ETP	-10.3%	19,5 ETP	+5.4%	18,5 ETP	-15.9%	22,0 ETP	+3.3%	21,3 ETP	+2.4%	20,8 ETP	-1.9%	21,2 ETP	+11.0%	19,1 ETP	+4.9%	18,2 ETP	+7.7%	16,9 ETP	+7.6%	15,7 ETP	-0.6%	15,8 ETP	+15.3%	13,7 ETP	-0.7%	13,8 ETP	+7.0%	12,9 ETP	+1.6%	12,7 ETP	+2.4%	12,4 ETP

Governance

Board of directors

Seen on filing of 30/09/2022 · 2 active · 7 ended

Active mandates

ADT-Invest

Director · since 01 octobre 2018 · until 30 septembre 2022 · 0701.853.002

Represented by Anthony Detienne

Active

Alain Detienne

Manager · since 01 octobre 2018 · until 30 septembre 2022

Active

Ended mandates

ADT-Invest

Director · since 01 octobre 2018 · 0701.853.002

Represented by Anthony Detienne

Ended

ADT-Invest

Manager · 0701.853.002

Represented by Anthony Detienne

Ended

Alain Detienne

bestuurder

Ended

Alain Detienne

Director

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	30/09/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	9 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/12/2022	07/07/2022	17/06/2021	14/08/2020	28/06/2019	29/06/2018
General meeting	09/12/2022	13/06/2022	14/06/2021	08/06/2020	11/06/2019	11/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

47 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2022	09/12/2022	20/12/2022	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	14/08/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	06/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	10/06/2014	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	12/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	03/07/2007	Dutch	PDF
Abridged model	31/12/2005	12/06/2006	16/06/2006	Dutch	PDF
Abridged model	31/12/2004	13/06/2005	15/06/2005	Dutch	PDF
Abridged model	31/12/2003	14/06/2004	19/07/2004	Dutch	PDF
Abridged model	31/12/2002	09/06/2003	17/06/2003	Dutch	PDF
Abridged model	31/12/2001	10/06/2002	12/07/2002	Dutch	PDF
Abridged model	31/12/2000	11/06/2001	18/06/2001	Dutch	PDF

View all 47 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2022 · 2 active · 7 ended

Active mandates

ADT-Invest

Director · since 01 octobre 2018 · until 30 septembre 2022 · 0701.853.002

Represented by Anthony Detienne

Active

Alain Detienne

Manager · since 01 octobre 2018 · until 30 septembre 2022

Active

Ended mandates

ADT-Invest

Director · since 01 octobre 2018 · 0701.853.002

Represented by Anthony Detienne

Ended

ADT-Invest

Manager · 0701.853.002

Represented by Anthony Detienne

Ended

Alain Detienne

bestuurder

Ended

Alain Detienne

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution05/01/2023
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/08/2022
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Other17/06/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates17/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares04/04/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 2022511,4 k €↑
2021
Annual accounts 2021495,6 k €↓
2020
Annual accounts 2020514,3 k €↑
2019
Annual accounts 2019204,0 k €↑
2018
Annual accounts 2018200,1 k €↑
2017
Annual accounts 2017111,5 k €↓
2016
Annual accounts 2016249,4 k €↑
2015
Annual accounts 201566,2 k €↑
2014
Annual accounts 201459,8 k €↓
2013
Annual accounts 2013105,1 k €↓
2012
Annual accounts 2012165,4 k €↑
2011
Annual accounts 2011105,6 k €↓
2010
Annual accounts 2010141,1 k €↑
2009
Annual accounts 200962,3 k €↓
2008
Annual accounts 200864,7 k €↓
2007
Annual accounts 2007127,1 k €↑
2006
Annual accounts 200671,4 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TIM SECURITY

Overview

What does TIM SECURITY do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline