ACTIVE

TIMECO

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Financial year 2025 · closed on 30/06/2025

Net result

7,2 k €

-67.9% YoY

Gross margin

14,5 k €

-71.5% YoY

Equity

37,6 k €

+17.4% YoY

What does TIMECO do?

TIMECO is a Private limited company incorporated in 1986. Its main activity is: Legal activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.135.522

Incorporation

01/08/1986

Legal form

Private limited company

Registered office

Pottelberg(Kor) 14
8500 Kortrijk · FlandreSee on map

Contributed capital

5 823,91 €

Latest accounts

30/06/2025

Activities (NACE)

69109Legal activities· main 69109Legal activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	14,5 k €	-71.5%	50,9 k €	+12.4%	45,3 k €	+92.3%	23,5 k €	+1628%	1,4 k €	-96.4%	37,4 k €	-8.7%	40,9 k €	-10.7%	45,8 k €	+12.8%	40,6 k €	+12.7%	36 k €	-1.4%	36,5 k €	-11.9%	41,5 k €	+187%	14,5 k €	-2.3%	14,8 k €	+4.0%	14,2 k €	+36.7%	10,4 k €	+62.6%	6,4 k €	-67.9%	19,9 k €	+670%	2,6 k €
EBITDA	13,3 k €	-73.1%	49,3 k €	+12.8%	43,7 k €	+98.2%	22,1 k €	+2618%	-875,8 €	-102%	36,1 k €	-9.8%	40,1 k €	-11.5%	45,3 k €	+14.2%	39,6 k €	+12.2%	35,3 k €	-1.6%	35,9 k €	-12.2%	40,9 k €	+194%	13,9 k €	-1.3%	14,1 k €	+3.2%	13,6 k €	+39.0%	9,8 k €	+71.6%	5,7 k €	-69.8%	19 k €	+913%	1,9 k €
Operating result	11,9 k €	-62.8%	32,1 k €	+20.4%	26,7 k €	+411%	5,2 k €	+130%	-17,6 k €	-190%	19,6 k €	-51.1%	40 k €	-11.0%	45 k €	+14.9%	39,1 k €	+13.4%	34,5 k €	-1.0%	34,9 k €	-12.1%	39,6 k €	+207%	12,9 k €	+1.9%	12,7 k €	+6.5%	11,9 k €	+46.5%	8,1 k €	+131%	3,5 k €	-79.0%	16,7 k €	+15240%	109 €
Net result	7,2 k €	-67.9%	22,6 k €	-9.3%	24,9 k €	+758%	2,9 k €	+114%	-20,3 k €	-302%	10 k €	-62.4%	26,7 k €	-4.2%	27,9 k €	+18.5%	23,5 k €	+16.1%	20,3 k €	+7.4%	18,9 k €	-2.5%	19,3 k €	+228%	5,9 k €	+31.2%	4,5 k €	+1584%	266,8 €	-77.3%	1,2 k €	+129%	-4 k €	-147%	8,5 k €	+198%	-8,7 k €
Balance sheet
Equity	37,6 k €	+17.4%	32 k €	+187%	11,2 k €	+763%	1,3 k €	+181%	-1,6 k €	-101%	199 k €	+4.4%	190,6 k €	+15.1%	165,6 k €	+20.2%	137,7 k €	+20.6%	114,2 k €	+21.6%	94 k €	+25.1%	75,1 k €	+34.7%	55,8 k €	+11.8%	49,9 k €	+9.9%	45,4 k €	+0.6%	45,1 k €	+2.7%	43,9 k €	-8.4%	48 k €	+21.7%	39,4 k €
Total assets	44,6 k €	-6.2%	47,6 k €	-15.6%	56,4 k €	-3.4%	58,3 k €	-20.6%	73,5 k €	-79.1%	351,9 k €	+23.1%	285,8 k €	+2.7%	278,4 k €	+6.8%	260,5 k €	+1.9%	255,7 k €	+2.2%	250,3 k €	-1.5%	254 k €	+3.2%	246,2 k €	-4.2%	257 k €	+3.1%	249,3 k €	+1.0%	246,9 k €	-1.4%	250,4 k €	-5.3%	264,4 k €	+4.4%	253,3 k €
Cash	21,5 k €	-9.3%	23,7 k €	-12.7%	27,2 k €	+52.9%	17,8 k €	+142%	7,3 k €	-78.8%	34,6 k €	-1.3%	35,1 k €	-10.5%	39,2 k €	+81.0%	21,7 k €	+81.1%	12 k €	+97.3%	6,1 k €	-19.4%	7,5 k €	+64.7%	4,6 k €	-64.8%	13 k €	+54.3%	8,4 k €	+106%	4,1 k €	-36.1%	6,4 k €	-58.1%	15,2 k €	+109%	7,3 k €
Debts	4,2 k €	-73.2%	15,6 k €	-65.6%	45,2 k €	-20.8%	57,1 k €	-24.0%	75,1 k €	-50.9%	152,9 k €	+60.7%	95,1 k €	-15.6%	112,8 k €	-8.2%	122,8 k €	-13.2%	141,5 k €	-9.5%	156,3 k €	-12.6%	178,9 k €	-6.0%	190,4 k €	-8.1%	207,2 k €	+1.6%	204 k €	+1.1%	201,8 k €	-2.3%	206,5 k €	-4.6%	216,4 k €	+1.2%	213,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Els DEGRAUWE

Director

Active

Tillo Mestdagh Jr

Director

Active

Ended mandates

Els DEGRAUWE

Managing director

Ended

Tillo Jr. MESTDAGH

Chairman of the board of directors

Ended

Tillo Jr. MESTDAGH

Director

Ended

TIVA

Director · until 27 novembre 2020 · 0444.632.558

Represented by Els DEGRAUWE

Ended

At this address

Other companies at this address

Company	CBE no.
HUIZE VANDEVENNE● Active	0463.803.916
Mestate● Active	1002.681.080
SONNEVANCK● Active	0760.439.220

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/12/2025	09/09/2024	25/10/2023	19/12/2022	22/12/2021	05/10/2020
General meeting	28/11/2025	06/09/2024	24/10/2023	25/11/2022	26/11/2021	02/10/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	28/11/2025	22/12/2025	Dutch	PDF
Micro model	30/06/2024	06/09/2024	09/09/2024	Dutch	PDF
Micro model	30/06/2023	24/10/2023	25/10/2023	Dutch	PDF
Micro model	30/06/2022	25/11/2022	19/12/2022	Dutch	PDF
Micro model	30/06/2021	26/11/2021	22/12/2021	Dutch	PDF
Abridged model	30/06/2020	02/10/2020	05/10/2020	Dutch	PDF
Abridged model	30/06/2019	15/11/2019	30/12/2019	Dutch	PDF
Abridged model	30/06/2018	16/11/2018	27/11/2018	Dutch	PDF
Abridged model	30/06/2017	17/11/2017	19/12/2017	Dutch	PDF
Abridged model	30/06/2016	18/11/2016	24/11/2016	Dutch	PDF
Abridged model	30/06/2015	20/11/2015	04/01/2016	Dutch	PDF
Abridged model	30/06/2014	21/11/2014	15/12/2014	Dutch	PDF
Abridged model	30/06/2013	22/11/2013	22/12/2013	Dutch	PDF
Abridged model	30/06/2012	23/11/2012	31/12/2012	Dutch	PDF
Abridged model	30/06/2011	25/11/2011	22/12/2011	Dutch	PDF
Abridged model	30/06/2010	26/11/2010	17/12/2010	Dutch	PDF
Abridged model	30/06/2009	27/11/2009	14/12/2009	Dutch	PDF
Abridged model	30/06/2008	28/11/2008	03/12/2008	Dutch	PDF
Abridged model	30/06/2007	30/11/2007	13/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/06/2025 · 2 active · 5 ended

Active mandates

Els DEGRAUWE

Director

Active

Tillo Mestdagh Jr

Director

Active

Ended mandates

Els DEGRAUWE

Managing director

Ended

Tillo Jr. MESTDAGH

Chairman of the board of directors

Ended

Tillo Jr. MESTDAGH

Director

Ended

TIVA

Director · until 27 novembre 2020 · 0444.632.558

Represented by Els DEGRAUWE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring18/01/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring17/11/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates10/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other03/10/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates29/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2004
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 20257,2 k €↓
2024
Annual accounts 202422,6 k €↓
2023
Annual accounts 202324,9 k €↑
2022
Annual accounts 20222,9 k €↑
2021
Annual accounts 2021-20,3 k €↓
2020
Annual accounts 202010 k €↓
2019
Annual accounts 201926,7 k €↓
2018
Annual accounts 201827,9 k €↑
2017
Annual accounts 201723,5 k €↑
2016
Annual accounts 201620,3 k €↑
2015
Annual accounts 201518,9 k €↓
2014
Annual accounts 201419,3 k €↑
2013
Annual accounts 20135,9 k €↑
2012
Annual accounts 20124,5 k €↑
2011
Annual accounts 2011266,8 €↓
2010
Annual accounts 20101,2 k €↑
2009
Annual accounts 2009-4 k €↓
2008
Annual accounts 20088,5 k €↑
2007
Annual accounts 2007-8,7 k €
01/08/1986
IncorporationPrivate limited company

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

TIMECO

Overview

What does TIMECO do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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