ACTIVE

TIMFROST

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Financial year 2025 · closed on 30/06/2025

Net result

93,9 k €

+241.0% YoY

Gross margin

435,3 k €

-43.7% YoY

Equity

2,4 M €

+4.1% YoY

Workforce

0,0 ETP

-100.0% YoY

What does TIMFROST do?

TIMFROST is a Public limited company incorporated in 1997. Its main activity is: Warehousing and storage. Its registered office is in Oostkamp.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.649.049

Incorporation

10/01/1997

Legal form

Public limited company

Registered office

Vliegweg 20
8020 Oostkamp · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

52100Warehousing and storage· main 52100Warehousing and storage 63121Web portals 01300Plant propagation 01500Mixed farming 01500Mixed farming

Joint committees (3)

118
118,15
220

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	435,3 k €	-43.7%	773,4 k €	-24.5%	1 M €	+6.2%	963,7 k €	-8.8%	1,1 M €	+41.0%	749,4 k €	+2.1%	733,9 k €	-9.4%	809,7 k €	+36.3%	594,1 k €	-24.5%	787,1 k €	+0.7%	781,7 k €	+16.4%	671,4 k €	-4.7%	704,7 k €	+13.8%	619,3 k €	+59.2%	388,9 k €	-1.9%	396,4 k €	-3.6%	411,1 k €	-11.4%	464 k €	+13.7%	408 k €
EBITDA	393,1 k €	+13.9%	345 k €	-38.1%	557,3 k €	-5.9%	592,2 k €	-19.6%	736,7 k €	+94.0%	379,7 k €	-1.0%	383,6 k €	-20.1%	480,3 k €	+39.3%	344,9 k €	-31.4%	503,1 k €	+7.1%	469,7 k €	+20.7%	389,2 k €	-5.2%	410,6 k €	+6.0%	387,5 k €	+159%	149,4 k €	-10.7%	167,2 k €	-11.3%	188,6 k €	-14.0%	219,3 k €	+0.7%	217,7 k €
Operating result	187,1 k €	+86.5%	100,3 k €	-66.4%	298,4 k €	-5.0%	313,9 k €	-31.1%	455,4 k €	+390%	93 k €	+14.3%	81,4 k €	-48.6%	158,3 k €	+167%	59,2 k €	-75.8%	245,1 k €	-6.3%	261,6 k €	+36.2%	192,1 k €	+0.6%	191 k €	+15.1%	165,9 k €	+6927%	-2,4 k €	-106%	41,7 k €	-35.7%	64,9 k €	-40.0%	108,2 k €	+4.8%	103,2 k €
Net result	93,9 k €	+241%	27,5 k €	-85.7%	192,8 k €	-10.6%	215,7 k €	-45.7%	397,2 k €	+984%	36,6 k €	+12.3%	32,6 k €	-61.0%	83,7 k €	+957%	7,9 k €	-94.1%	135,2 k €	-25.5%	181,4 k €	+25.8%	144,1 k €	+4.1%	138,4 k €	+33.4%	103,7 k €	+327%	-45,7 k €	-626%	8,7 k €	-72.4%	31,5 k €	-60.0%	78,8 k €	+6.4%	74,1 k €
Balance sheet
Equity	2,4 M €	+4.1%	2,3 M €	+1.2%	2,3 M €	+9.2%	2,1 M €	+11.5%	1,9 M €	+26.9%	1,5 M €	+2.5%	1,4 M €	+2.3%	1,4 M €	+6.3%	1,3 M €	+0.6%	1,3 M €	+11.4%	1,2 M €	+18.1%	999,6 k €	+16.9%	855,4 k €	+19.3%	717 k €	+16.9%	613,3 k €	-6.9%	659 k €	+1.3%	650,3 k €	-52.3%	1,4 M €	+6.1%	1,3 M €
Total assets	4,3 M €	-0.1%	4,3 M €	+10.2%	3,9 M €	+2.5%	3,8 M €	+1.7%	3,7 M €	+49.3%	2,5 M €	+1.0%	2,5 M €	-4.6%	2,6 M €	-6.7%	2,8 M €	-5.6%	2,9 M €	+7.0%	2,7 M €	+0.7%	2,7 M €	+2.1%	2,7 M €	-8.0%	2,9 M €	+0.9%	2,9 M €	+49.5%	1,9 M €	-1.5%	1,9 M €	-8.7%	2,1 M €	-0.6%	2,1 M €
Cash	263,7 k €	-72.4%	954,6 k €	+7.3%	889,5 k €	+65.6%	537,2 k €	+24.2%	432,4 k €	-15.7%	512,7 k €	+134%	219,1 k €	-4.5%	229,5 k €	+16.8%	196,5 k €	-47.9%	377,6 k €	+32.8%	284,4 k €	+22.8%	231,6 k €	+88.9%	122,6 k €	+32.2%	92,7 k €	+162%	35,4 k €	-87.0%	272 k €	+10.9%	245,2 k €	+155%	96,2 k €	-54.8%	212,5 k €
Debts	1,2 M €	-7.3%	1,3 M €	+39.4%	937,6 k €	-9.3%	1 M €	-13.3%	1,2 M €	+223%	369,7 k €	-1.4%	375,1 k €	-29.7%	533,7 k €	-33.6%	804,1 k €	-17.5%	974,8 k €	+6.7%	913,9 k €	-23.2%	1,2 M €	-8.2%	1,3 M €	-22.1%	1,7 M €	-4.6%	1,7 M €	+136%	738 k €	-43.2%	1,3 M €	+68.3%	771,7 k €	-10.5%	862,2 k €
Other
Workforce	0,0 ETP	-100%	6,2 ETP	-27.9%	8,6 ETP	+21.1%	7,1 ETP	+2.9%	6,9 ETP	-11.5%	7,8 ETP	-6.0%	8,3 ETP	+16.9%	7,1 ETP		–		6,3 ETP	-6.0%	6,7 ETP	+15.5%	5,8 ETP	-3.3%	6,0 ETP	+30.4%	4,6 ETP	-8.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	-12.3%	5,7 ETP	+7.5%	5,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 5 ended

Active mandates

TIMMERMAN INVEST

Director · since 22 décembre 2002 · 0460.974.088

Represented by Timmerman GEERT

Active

Gerard Timmerman

Director · since 10 janvier 1997

Active

Rita Devoogt

Director · since 10 janvier 1997

Active

Ended mandates

TIMMERMAN INVEST

Director · since 22 décembre 2002 · 0460.974.088

Represented by Timmerman GEERT

Ended

Gerard Timmerman

Managing director

Ended

Rita Devoogt

Director

Ended

TIMMERMAN INVEST

Director · 0460.974.088

Represented by Geert Timmerman

Ended

At this address

Other companies at this address

Company	CBE no.
Timfrost Cold Storage● Active	1007.415.274
TIMMERMAN INVEST● Active	0460.974.088

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/01/2026	17/01/2025	31/01/2024	30/01/2023	31/01/2022	29/01/2021
General meeting	31/12/2025	21/12/2024	16/12/2023	31/12/2022	31/12/2021	31/12/2020
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
Abridged model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	21/12/2024	17/01/2025	Dutch	PDF
Abridged model	30/06/2023	16/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	30/01/2020	Dutch	PDF
Abridged model	30/06/2018	15/12/2018	29/01/2019	Dutch	PDF
Micro model	30/06/2017	16/12/2017	29/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	29/12/2016	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	13/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	31/12/2014	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	09/01/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	31/12/2012	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	20/01/2012	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	21/12/2010	Dutch	PDF
Abridged model	30/06/2009	19/12/2009	28/12/2009	Dutch	PDF
Abridged model	30/06/2008	10/01/2009	09/02/2009	Dutch	PDF
Abridged model	30/06/2007	15/12/2007	27/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 3 active · 5 ended

Active mandates

TIMMERMAN INVEST

Director · since 22 décembre 2002 · 0460.974.088

Represented by Timmerman GEERT

Active

Gerard Timmerman

Director · since 10 janvier 1997

Active

Rita Devoogt

Director · since 10 janvier 1997

Active

Ended mandates

TIMMERMAN INVEST

Director · since 22 décembre 2002 · 0460.974.088

Represented by Timmerman GEERT

Ended

Gerard Timmerman

Managing director

Ended

Rita Devoogt

Director

Ended

TIMMERMAN INVEST

Director · 0460.974.088

Represented by Geert Timmerman

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring30/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other08/03/2005
DIVERSEN
PDF
Mandates02/01/2003
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 202593,9 k €↑
2024
Annual accounts 202427,5 k €↓
2023
Annual accounts 2023192,8 k €↓
2022
Annual accounts 2022215,7 k €↓
2021
Annual accounts 2021397,2 k €↑
2020
Annual accounts 202036,6 k €↑
2019
Annual accounts 201932,6 k €↓
2018
Annual accounts 201883,7 k €↑
2017
Annual accounts 20177,9 k €↓
2016
Annual accounts 2016135,2 k €↓
2015
Annual accounts 2015181,4 k €↑
2014
Annual accounts 2014144,1 k €↑
2013
Annual accounts 2013138,4 k €↑
2012
Annual accounts 2012103,7 k €↑
2011
Annual accounts 2011-45,7 k €↓
2010
Annual accounts 20108,7 k €↓
2009
Annual accounts 200931,5 k €↓
2008
Annual accounts 200878,8 k €↑
2007
Annual accounts 200774,1 k €
10/01/1997
IncorporationPublic 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

TIMFROST

Overview

What does TIMFROST 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