ACTIVE

TIMTECH

Financial year 2025 · closed on 30/09/2025
Net result
59 k €
-33.2% YoY
Gross margin
-16,4 k €
-176.1% YoY
Equity
8,1 M €
-0.4% YoY

What does TIMTECH do?

TIMTECH is a Private limited company incorporated in 1989. Its main activity is: Market research and public opinion polling. Its registered office is in Uccle.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.821.277
Incorporation
04/07/1989
Legal form
Private limited company
Registered office
Rue de Percke 121
1180 Uccle · BruxellesSee on map
Contributed capital
1 100 000,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin-16,4 k €-5,9 k €-3,8 k €-156 €-102,3 €-3,3 k €943,5 €-1 k €-12,7 k €-11,2 k €-671,9 €-6,3 k €-4,9 k €-1,5 k €-21,5 k €-25,9 k €-63,5 k €-61,1 k €27,7 k €
EBITDA-31 k €-23,2 k €-18,5 k €-25,7 k €-13 k €-9,1 k €-13,9 k €-6,9 k €-18 k €-17,1 k €-6 k €-17,5 k €-10,3 k €-64,7 k €-28,6 k €-25,9 k €-68,1 k €-67,9 k €23,5 k €
Operating result-90,6 k €-69,1 k €-62,5 k €-86,7 k €-78,4 k €-85,3 k €-89,9 k €-65,3 k €-67,5 k €-66,2 k €-55,5 k €-74,4 k €-80 k €-59,9 k €-76,5 k €-80,4 k €-165,8 k €-96,8 k €-23 k €
Net result59 k €88,3 k €150,5 k €6,7 k €-52,9 k €-106,6 k €-11,4 k €692,3 k €100,6 k €64,6 k €359,5 k €4,7 M €72,8 k €5,3 M €15,7 k €77,8 k €-414 k €-7,7 k €-23,5 k €
Balance sheet
Equity8,1 M €8,2 M €8,6 M €8,5 M €8,5 M €8,9 M €9 M €9 M €11,3 M €11,2 M €11,2 M €10,9 M €6,7 M €6,7 M €1,5 M €1,6 M €1,3 M €1,8 M €1,8 M €
Total assets8,4 M €8,6 M €8,8 M €8,7 M €8,8 M €9,2 M €9,8 M €10 M €11,4 M €11,3 M €11,4 M €11,1 M €7,1 M €7 M €2 M €2 M €2,1 M €2,4 M €2,3 M €
Cash447,3 k €536,3 k €800 k €1,2 M €960,7 k €1,8 M €1,7 M €1,7 M €2,2 M €4,5 M €5,7 M €5,7 M €443,4 k €590,1 k €8,2 k €33,4 k €40 k €38,2 k €29,7 k €
Debts291,5 k €417 k €151,4 k €188,3 k €273 k €291,7 k €770 k €967,4 k €80,5 k €114,7 k €139,5 k €182,8 k €379,8 k €382,4 k €495,7 k €340,2 k €747 k €633,3 k €515,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Michel TILMANT

Director · since 17 juillet 1989

Active

Ended mandates

Michel TILMANT

Manager · since 17 juillet 1989

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/04/202603/04/202513/03/202416/03/202324/03/202218/03/2021
General meeting13/03/202613/03/202515/02/202409/03/202317/02/202218/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202513/03/202624/04/2026FrenchPDF
Micro model30/09/202413/03/202503/04/2025FrenchPDF
Micro model30/09/202315/02/202413/03/2024FrenchPDF
Micro model30/09/202209/03/202316/03/2023FrenchPDF
Abridged model30/09/202117/02/202224/03/2022FrenchPDF
Abridged model30/09/202018/02/202118/03/2021FrenchPDF
Abridged model30/09/201920/02/202009/03/2020FrenchPDF
Abridged model30/09/201821/02/201925/02/2019FrenchPDF
Abridged model30/09/201715/02/201808/03/2018FrenchPDF
Abridged model30/09/201626/12/201604/01/2017FrenchPDF
Abridged model30/09/201518/02/201622/02/2016FrenchPDF
Abridged model30/09/201419/02/201523/02/2015FrenchPDF
Abridged model30/06/201305/12/201302/01/2014FrenchPDF
Abridged model30/06/201206/12/201213/12/2012FrenchPDF
Abridged model30/06/201115/09/201106/10/2011FrenchPDF
Abridged model30/06/201018/11/201007/01/2011FrenchPDF
Abridged model30/06/200919/11/200921/12/2009FrenchPDF
Abridged model30/06/200820/11/200818/12/2008FrenchPDF
Abridged model30/06/200715/11/200721/12/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Michel TILMANT

Director · since 17 juillet 1989

Active

Ended mandates

Michel TILMANT

Manager · since 17 juillet 1989

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other02/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates10/02/2021
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares26/06/2018
    CAPITAL, ACTIONS
    PDF
  • Capital / shares04/08/2014
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Capital / shares26/03/2010
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates30/08/2007
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 202559 k €
  2. 2024
    Annual accounts 202488,3 k €
  3. 2023
    Annual accounts 2023150,5 k €
  4. 2022
    Annual accounts 20226,7 k €
  5. 2021
    Annual accounts 2021-52,9 k €
  6. 2020
    Annual accounts 2020-106,6 k €
  7. 2019
    Annual accounts 2019-11,4 k €
  8. 2018
    Annual accounts 2018692,3 k €
  9. 2017
    Annual accounts 2017100,6 k €
  10. 2016
    Annual accounts 201664,6 k €
  11. 2015
    Annual accounts 2015359,5 k €
  12. 2014
    Annual accounts 20144,7 M €
  13. 2013
    Annual accounts 201372,8 k €
  14. 2012
    Annual accounts 20125,3 M €
  15. 2011
    Annual accounts 201115,7 k €
  16. 2010
    Annual accounts 201077,8 k €
  17. 2009
    Annual accounts 2009-414 k €
  18. 2008
    Annual accounts 2008-7,7 k €
  19. 2007
    Annual accounts 2007-23,5 k €
  20. 04/07/1989
    IncorporationPrivate limited company