ACTIVE

TIMMERMAN ENERGY & HEAT SOLUTIONS

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Financial year 2025 · Closed on 31/12/2025

Net result-422,5 k €+30,5 %over 1 year
Gross margin3,7 M €-12,8 %over 1 year
Equity843,7 k €-33,4 %over 1 year
Workforce52,5 ETP-14,8 %over 1 year

Identity

Source · BCE/KBO

TIMMERMAN ENERGY & HEAT SOLUTIONS is a Public limited company incorporated in 1972. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Eeklo. It employs on average 52,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0411.969.490
Incorporation
01/02/1972
Legal form
Public limited company
Registered office
Slachthuisstraat 14
9900 Eeklo · FlandreSee on map
Contributed capital
1 099 999,99 €
Latest accounts
31/12/2025
Average workforce
52,5 ETP
Joint committees (3)
  • 111
  • 11111
  • 209
Signals
Good liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin3,7 M €4,3 M €–––
EBITDA-451 k €-207,6 k €559,9 k €605 k €717,5 k €
Operating result-527,9 k €-899,3 k €205,4 k €305,2 k €395,6 k €
Net result-422,5 k €-608 k €79,8 k €210,4 k €357,1 k €
Balance sheet
Equity843,7 k €1,3 M €1,9 M €1,9 M €1,8 M €
Total assets4,9 M €5,7 M €6,7 M €5,6 M €5,7 M €
Cash131,4 k €153,4 k €893,3 k €299,8 k €601,2 k €
Debts4,1 M €4,4 M €4,8 M €3,6 M €3,9 M €
Other
Workforce52,5 ETP61,6 ETP69,1 ETP74,2 ETP73,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 23 ended

Active mandates

EVALEUR

Chairman of the board of directors · since 01 septembre 2025 · until 11 mai 2027 · 0825.473.166

Represented by Jan Verfaellie

Active
MITHRAS

Director · since 10 novembre 2023 · until 10 novembre 2029 · 0456.927.210

Represented by Drik Desnoeck - Van Eeckhoutte

Active
Emmanuel Buyck

Director · since 10 mai 2022 · until 11 mai 2027

Active
Lieven Lambaere

Director · since 11 mai 2021 · until 11 mai 2027

Active

Ended mandates

MITHRAS

Director · since 10 novembre 2023 · until 10 novembre 2029 · 0456.927.210

Represented by Drik Desnoeck - Van Eeckhoutte

Ended
MITHRAS

Director · since 10 novembre 2023 · 0456.927.210

Represented by Desnoeck - VAN EECKHOUTTE DIRK

Ended
Emmanuel Buyck

Director · since 10 mai 2022

Ended
EVALEUR

Chairman of the board of directors · since 11 mai 2021 · until 11 mai 2027 · 0825.473.166

Represented by Dirk DESNOECK - VAN EECKHOUTTE

Ended

Other companies at this address

Slachthuisstraat 14 9900 Eeklo
CompanyCBE no.
EENHEID TIMMERMAN● Active
0748.553.750
EVALEUR● Active
0825.473.166
POLYDOOR LIPPENS● Active
0747.597.905

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202625/07/202529/07/202426/06/202310/06/202224/06/2021
General meeting13/07/202625/06/202529/06/202419/04/202310/05/202211/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/07/202627/07/2026DutchPDF
Abridged model31/12/202425/06/202525/07/2025DutchPDF
Full model31/12/202329/06/202429/07/2024DutchPDF
Full model31/12/202219/04/202326/06/2023DutchPDF
Full model31/12/202110/05/202210/06/2022DutchPDF
Full model31/12/202011/05/202124/06/2021DutchPDF
Full model31/12/201912/05/202010/06/2020DutchPDF
Full model31/12/201814/05/201931/07/2019DutchPDF
Full model31/12/201708/05/201817/08/2018DutchPDF
Full model31/12/201609/05/201727/06/2017DutchPDF
Full model31/12/201510/05/201609/06/2016DutchPDF
Full model31/12/201412/05/201503/07/2015DutchPDF
Full model31/12/201313/05/201415/05/2014DutchPDF
Full model31/12/201214/05/201301/07/2013DutchPDF
Full model31/12/201108/05/201205/06/2012DutchPDF
Full model31/12/201010/05/201130/06/2011DutchPDF
Full model31/12/200911/05/201023/07/2010DutchPDF
Full model31/12/200812/05/200921/08/2009DutchPDF
Full model31/12/200713/05/200826/09/2008DutchPDF
Full model31/12/200608/05/200731/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 23 ended

Active mandates

EVALEUR

Chairman of the board of directors · since 01 septembre 2025 · until 11 mai 2027 · 0825.473.166

Represented by Jan Verfaellie

Active
MITHRAS

Director · since 10 novembre 2023 · until 10 novembre 2029 · 0456.927.210

Represented by Drik Desnoeck - Van Eeckhoutte

Active
Emmanuel Buyck

Director · since 10 mai 2022 · until 11 mai 2027

Active
Lieven Lambaere

Director · since 11 mai 2021 · until 11 mai 2027

Active

Ended mandates

MITHRAS

Director · since 10 novembre 2023 · until 10 novembre 2029 · 0456.927.210

Represented by Drik Desnoeck - Van Eeckhoutte

Ended
MITHRAS

Director · since 10 novembre 2023 · 0456.927.210

Represented by Desnoeck - VAN EECKHOUTTE DIRK

Ended
Emmanuel Buyck

Director · since 10 mai 2022

Ended
EVALEUR

Chairman of the board of directors · since 11 mai 2021 · until 11 mai 2027 · 0825.473.166

Represented by Dirk DESNOECK - VAN EECKHOUTTE

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/08/2020
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring12/06/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates16/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-422,5 k €↑
  2. 2024
    Annual accounts 2024-608 k €↓
  3. 2023
    Annual accounts 202379,8 k €↓
  4. 2022
    Annual accounts 2022210,4 k €↓
  5. 2021
    Annual accounts 2021357,1 k €↑
  6. 2019
    Annual accounts 2019233,4 k €↓
  7. 2018
    Annual accounts 2018268,4 k €↓
  8. 2017
    Annual accounts 2017277,4 k €↑
  9. 2016
    Annual accounts 2016230,8 k €↓
  10. 2015
    Annual accounts 2015261,3 k €↓
  11. 2014
    Annual accounts 2014382,7 k €↑
  12. 2013
    Annual accounts 2013109,9 k €↑
  13. 2012
    Annual accounts 201285,4 k €↑
  14. 2011
    Annual accounts 2011-121,2 k €↓
  15. 2009
    Annual accounts 200976,4 k €↓
  16. 2008
    Annual accounts 2008382,2 k €↑
  17. 2007
    Annual accounts 2007304 k €↑
  18. 2006
    Annual accounts 2006303,7 k €
  19. 01/02/1972
    IncorporationPublic limited company