ACTIVE

TIM

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Financial year 2025 · Closed on 30/06/2025

Net result-136 k €-198,1 %over 1 year

Gross margin1,1 M €+16,0 %over 1 year

Equity262,4 k €-89,0 %over 1 year

Workforce11,7 ETP+10,4 %over 1 year

Identity

Source · BCE/KBO

TIM is a Private limited company incorporated in 2013. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Sint-Pieters-Leeuw. It employs on average 11,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0527.938.336
Incorporation: 24/04/2013
Legal form: Private limited company
Registered office: Pelikaanberg 40
1600 Sint-Pieters-Leeuw · FlandreSee on map
Contributed capital: 6 200,00 €
Latest accounts: 30/06/2025
Average workforce: 11,7 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.

Joint committees (3)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,1 M €	+16.0%	984,1 k €	+12.6%	874,4 k €	-2.1%	893,4 k €	-7.9%	970,2 k €
EBITDA	388,1 k €	+417%	75,1 k €	-67.4%	230,5 k €	-7.6%	249,6 k €	+52.3%	163,9 k €
Operating result	223,2 k €	+80.9%	123,4 k €	-30.1%	176,4 k €	-8.1%	191,9 k €	+9.5%	175,2 k €
Net result	-136 k €	-198%	138,7 k €	+6.8%	129,8 k €	-6.5%	138,8 k €	+5.1%	132,1 k €
Balance sheet
Equity	262,4 k €	-89.0%	2,4 M €	+6.2%	2,2 M €	+6.1%	2,1 M €	+7.0%	2 M €
Total assets	1,3 M €	-55.1%	2,9 M €	-20.2%	3,6 M €	+2.5%	3,5 M €	+14.3%	3,1 M €
Cash	478,6 k €	-62.9%	1,3 M €	+9.7%	1,2 M €	-8.2%	1,3 M €	+8.8%	1,2 M €
Debts	553 k €	+38.5%	399,3 k €	-64.7%	1,1 M €	-13.8%	1,3 M €	+23.7%	1,1 M €
Other
Workforce	11,7 ETP	+10.4%	10,6 ETP	-5.4%	11,2 ETP	-9.7%	12,4 ETP	+4.2%	11,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laetitia Bourel	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JADECO0447.046.769Represented by Coddens FRANK	Director01/11/2015 → 2024 accounts
Frank Coddens	Director01/09/2015 → 2024 accounts
Ilie Hudema	Director16/04/2013 → 2024 accounts
EDUARD MARDARE	Director2021 accounts

Other companies at this address

Pelikaanberg 40 1600 Sint-Pieters-Leeuw

Company	CBE no.
ABRI-HOME● Active	0895.781.538
EUROPEAN AND ABROAD REAL ESTATE INVESTMENTS● Active	0475.678.397
JADECO● Active	0447.046.769

Full financial information

Source · NBB

	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	03/03/2026	31/01/2025	30/01/2024	31/01/2023	11/05/2022	19/02/2021
General meeting	02/02/2026	12/12/2024	14/12/2023	08/12/2022	08/04/2022	10/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	02/02/2026	03/03/2026	Dutch	PDF
Abridged model	30/06/2024	12/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	14/12/2023	30/01/2024	Dutch	PDF
Abridged model	30/06/2022	08/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	08/04/2022	11/05/2022	Dutch	PDF
Abridged model	30/06/2020	10/12/2020	19/02/2021	Dutch	PDF
Abridged model	30/06/2019	12/12/2019	07/02/2020	Dutch	PDF
Abridged model	30/06/2018	13/12/2018	31/01/2019	Dutch	PDF
Abridged modelCorrection	30/06/2017	14/12/2017	12/02/2018	Dutch	PDF
Abridged model	30/06/2017	14/12/2017	31/01/2018	Dutch	PDF
Abridged model	31/12/2015	16/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	17/08/2015	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

1 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Laetitia Bourel	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JADECO0447.046.769Represented by Coddens FRANK	Director01/11/2015 → 2024 accounts
Frank Coddens	Director01/09/2015 → 2024 accounts
Ilie Hudema	Director16/04/2013 → 2024 accounts
EDUARD MARDARE	Director2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other22/05/2025
DIVERSEN
PDF
Mandates27/02/2024
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2017
Benoeming
PDF
Other26/01/2017
BAV wijziging van het doel - Coördinatie der statuten
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Laetitia Bourel

JADECO

Frank Coddens

Ilie Hudema

STEVEN SCHULTE

EDUARD MARDARE

MARIN CISLARIU

MARIUS MARDARE

20132014201520162017201820192020202120222023202420252026

TIM

Victor Nonnemanstraat / a 36, 1600 Sint-Pieters-LeeuwVICTOR NONNEMANSSTRAAT 36 bte A, 1600 Sint-Pieters-Leeuw

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Pelikaanberg 40, 1600 Sint-Pieters-LeeuwCurrent		CBE
Victor Nonnemanstraat / a 36, 1600 Sint-Pieters-Leeuw	accounts 2024 → 2025	Accounts 2025 · 2026-00047627
Victor Nonnemanstraat 36/a, 1600 Sint-Pieters-Leeuw	accounts 2023	Accounts 2023 · 2024-00011456
VICTOR NONNEMANSSTRAAT 36 bte A, 1600 Sint-Pieters-Leeuw	accounts 2021 → 2022	Accounts 2022 · 2023-00013121

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
TIMCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00047627

Events

2025
Annual accounts 2025-136 k €↓
2024
Annual accounts 2024138,7 k €↑
2023
Annual accounts 2023129,8 k €↓
2022
Annual accounts 2022138,8 k €↑
2021
Annual accounts 2021132,1 k €↓
2020
Annual accounts 2020146,7 k €↑
2019
Annual accounts 2019130,7 k €↓
2018
Annual accounts 2018562 k €↓
2017
Annual accounts 2017972 k €↑
2015
Annual accounts 201515,5 k €↑
2014
Annual accounts 201414,4 k €
24/04/2013
IncorporationPrivate limited company

TIM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events