ACTIVE

TIM

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Financial year 2025 · closed on 30/06/2025

Net result

-136 k €

-198.1% YoY

Gross margin

1,1 M €

+16.0% YoY

Equity

262,4 k €

-89.0% YoY

Workforce

11,7 ETP

+10.4% YoY

What does TIM do?

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

Low 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 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014
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 €	+11.6%	869,2 k €	-4.6%	911 k €	-2.4%	933,5 k €	-33.5%	1,4 M €	+247%	404,1 k €	+811%	44,4 k €
EBITDA	388,1 k €	+417%	75,1 k €	-67.4%	230,5 k €	-7.6%	249,6 k €	+52.3%	163,9 k €	-42.5%	285,3 k €	-13.0%	327,9 k €	-42.3%	567,9 k €	-41.9%	977,6 k €	+2940%	32,2 k €	+70.1%	18,9 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 €	-19.1%	216,6 k €	+5.4%	205,6 k €	-63.3%	559,4 k €	-42.4%	972 k €	+3520%	26,8 k €	+42.1%	18,9 k €
Net result	-136 k €	-198%	138,7 k €	+6.8%	129,8 k €	-6.5%	138,8 k €	+5.1%	132,1 k €	-10.0%	146,7 k €	+12.3%	130,7 k €	-76.7%	562 k €	-42.2%	972 k €	+6186%	15,5 k €	+7.6%	14,4 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 €	+7.2%	1,8 M €	+8.6%	1,7 M €	+8.3%	1,6 M €	+55.8%	1 M €	+2697%	36 k €	+75.2%	20,6 k €
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 €	+10.6%	2,8 M €	+12.9%	2,5 M €	-4.2%	2,6 M €	+51.9%	1,7 M €	+161%	647,2 k €	+654%	85,9 k €
Cash	478,6 k €	-62.9%	1,3 M €	+9.7%	1,2 M €	-8.2%	1,3 M €	+8.8%	1,2 M €	+1.8%	1,2 M €	+13.7%	1 M €	+8.2%	940,3 k €	+51.1%	622,4 k €	+159%	240,4 k €	+4732957%	5,1 €
Debts	553 k €	+38.5%	399,3 k €	-64.7%	1,1 M €	-13.8%	1,3 M €	+23.7%	1,1 M €	+17.5%	903 k €	+19.1%	758,2 k €	-23.9%	996,7 k €	+60.1%	622,7 k €	+46.1%	426,1 k €	+957%	40,3 k €
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	+0.8%	11,8 ETP	-5.6%	12,5 ETP	+35.9%	9,2 ETP		–		5,1 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 · 1 active · 16 ended

Active mandates

Laetitia Bourel

Director

Active

Ended mandates

JADECO

Director · since 01 novembre 2015 · 0447.046.769

Represented by Coddens FRANK

Ended

Frank Coddens

Director · since 01 septembre 2015

Ended

Ilie Hudema

Director · since 16 avril 2013

Ended

EDUARD MARDARE

Director

Ended

At this address

Other companies at this address

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

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	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

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

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

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 · 1 active · 16 ended

Active mandates

Laetitia Bourel

Director

Active

Ended mandates

JADECO

Director · since 01 novembre 2015 · 0447.046.769

Represented by Coddens FRANK

Ended

Frank Coddens

Director · since 01 septembre 2015

Ended

Ilie Hudema

Director · since 16 avril 2013

Ended

EDUARD MARDARE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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
ONTSLAGEN - BENOEMINGEN
PDF
Other26/01/2017
DOEL
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 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

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

TIM

Overview

What does TIM do?

Trend over 11 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