ACTIVE

Timber Projects

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Financial year 2025 · closed on 31/12/2025
Net result
18,6 k €
-55.7% YoY
Gross margin
60,3 k €
-31.7% YoY
Equity
260,6 k €
+7.7% YoY

What does Timber Projects do?

Timber Projects is a Private limited company incorporated in 2016. Its main activity is: Joinery installation. Its registered office is in Mechelen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0659.886.644
Incorporation
25/07/2016
Legal form
Private limited company
Registered office
Motstraat 60 box g
2800 Mechelen · FlandreSee on map
Contributed capital
6 300,00 €
Latest accounts
31/12/2025
Activities (NACE)
43320Joinery installation· main43320Joinery installation46731Wholesale of wood, construction materials and sanitary equipment46732Wholesale of wood, construction materials and sanitary equipment46831Wholesale trade, except of motor vehicles and motorcycles46832Wholesale trade, except of motor vehicles and motorcycles
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120182017
Income statement
Gross margin60,3 k €88,3 k €94,1 k €120,1 k €70,8 k €40,7 k €2,1 k €
EBITDA56,5 k €85,2 k €90,3 k €114,4 k €67,3 k €39,8 k €1,3 k €
Operating result35,6 k €63,7 k €63,1 k €80,5 k €39,8 k €33,6 k €-7,5 k €
Net result18,6 k €42 k €40,4 k €50 k €6,2 k €25,3 k €-7,4 k €
Balance sheet
Equity260,6 k €242 k €200 k €159,6 k €109,6 k €24,2 k €-1,1 k €
Total assets518,5 k €529,3 k €557,5 k €606,3 k €658,6 k €228,7 k €84,1 k €
Cash164,9 k €20,1 k €76,1 k €69,8 k €147,5 k €––
Debts257,3 k €285,1 k €356 k €446,7 k €463,5 k €182,8 k €85,3 k €
Other
Workforce–––0,0 ETP–––
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 31/12/2025 · 1 active · 7 ended

Active mandates

Michael Olbrechts

Director

Active

Ended mandates

Nicolas Claes

Director · since 01 août 2021 · until 01 mars 2022

Ended
Michael Olbrechts

Director · since 25 juillet 2016

Ended
Michael Olbrechts

Manager · since 25 juillet 2016

Ended
Serge Silvrants

Director · since 25 juillet 2016

Ended
At this address

Other companies at this address

CompanyCBE no.
NOVA ENERGY● Bankrupt
0751.945.285
SUN SPA BENELUX● Active
0541.608.408
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202621/08/202524/08/202404/08/202331/08/202214/07/2021
General meeting15/05/202630/06/202530/06/202419/05/202320/05/202221/05/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/05/202608/06/2026DutchPDF
Abridged model31/12/202430/06/202521/08/2025DutchPDF
Abridged model31/12/202330/06/202424/08/2024DutchPDF
Abridged model31/12/202219/05/202304/08/2023DutchPDF
Abridged model31/12/202120/05/202231/08/2022DutchPDF
Micro model31/12/202021/05/202114/07/2021DutchPDF
Micro model31/12/201915/05/202004/08/2020DutchPDF
Micro model31/12/201817/05/201931/07/2019DutchPDF
Micro model31/12/201718/05/201831/07/2018DutchPDF
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 31/12/2025 · 1 active · 7 ended

Active mandates

Michael Olbrechts

Director

Active

Ended mandates

Nicolas Claes

Director · since 01 août 2021 · until 01 mars 2022

Ended
Michael Olbrechts

Director · since 25 juillet 2016

Ended
Michael Olbrechts

Manager · since 25 juillet 2016

Ended
Serge Silvrants

Director · since 25 juillet 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/03/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/12/2019
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/07/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202518,6 k €↓
  2. 2024
    Annual accounts 202442 k €↑
  3. 2023
    Annual accounts 202340,4 k €↓
  4. 2022
    Annual accounts 202250 k €↑
  5. 2021
    Annual accounts 20216,2 k €↓
  6. 2018
    Annual accounts 201825,3 k €↑
  7. 2017
    Annual accounts 2017-7,4 k €
  8. 25/07/2016
    IncorporationPrivate limited company