ACTIVE

TIMBA

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Financial year 2024 · closed on 31/12/2024

Net result

122 k €

+3.7% YoY

Gross margin

450 k €

+38.9% YoY

Equity

494,6 k €

+32.8% YoY

Workforce

10,0 ETP

+85.2% YoY

What does TIMBA do?

TIMBA is a Private limited company incorporated in 2009. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Brugge. It employs on average 10,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.097.784

Incorporation

14/01/2009

Legal form

Private limited company

Registered office

Willem de Dekenstraat 27
8000 Brugge · FlandreSee on map

Contributed capital

68 820,00 €

Latest accounts

31/12/2024

Average workforce

10,0 ETP

Activities (NACE)

56101Restaurants and mobile food service activities· main 56111Restaurants and mobile food service activities 56301Beverage serving activities 56301Beverage serving activities 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	450 k €	+38.9%	324 k €	+54.5%	209,7 k €	+36.7%	153,4 k €	+83.0%	83,8 k €	-60.8%	213,8 k €	+10.5%	193,5 k €	+66.5%	116,2 k €	+5.3%	110,3 k €	+95.1%	56,5 k €	+19.8%	47,2 k €	+36.7%	34,5 k €	-9.7%	38,3 k €	-26.3%	51,9 k €	-57.2%	121,4 k €
EBITDA	335,9 k €	+47.9%	227,1 k €	+52.4%	149 k €	+50.0%	99,3 k €	+182%	35,3 k €	-67.4%	108,1 k €	+26.1%	85,7 k €	+316%	20,6 k €	-13.2%	23,7 k €	+121%	10,7 k €	+507%	-2,6 k €	+78.8%	-12,4 k €	-1124%	-1 k €	-105%	19 k €	-65.5%	55 k €
Operating result	192,6 k €	+8.2%	178,1 k €	+59.3%	111,8 k €	+71.5%	65,2 k €	+1561%	-4,5 k €	-106%	71,9 k €	+39.7%	51,5 k €	+507%	-12,6 k €	-101%	-6,3 k €	-187%	7,2 k €	+211%	-6,5 k €	+65.7%	-19 k €	-35.7%	-14 k €	-360%	5,4 k €	-80.6%	27,7 k €
Net result	122 k €	+3.7%	117,6 k €	+48.6%	79,2 k €	+35.9%	58,3 k €	+771%	-8,7 k €	-117%	51 k €	+10.3%	46,3 k €	+344%	-19 k €	-61.9%	-11,7 k €	-313%	5,5 k €	+159%	-9,4 k €	-14.5%	-8,2 k €	+47.3%	-15,5 k €	-1443%	1,2 k €	-93.2%	17,1 k €
Balance sheet
Equity	494,6 k €	+32.8%	372,5 k €	+46.1%	254,9 k €	+45.1%	175,7 k €	+49.6%	117,5 k €	-6.9%	126,2 k €	+67.9%	75,1 k €	+160%	28,8 k €	-39.7%	47,8 k €	-19.7%	59,5 k €	+1460%	3,8 k €	-71.0%	13,2 k €	-38.3%	21,4 k €	-42.1%	36,9 k €	+3.2%	35,7 k €
Total assets	2,1 M €	+285%	539,2 k €	+20.7%	446,8 k €	+55.9%	286,7 k €	+18.9%	241 k €	-20.2%	301,9 k €	+7.9%	279,9 k €	+0.1%	279,6 k €	-7.4%	301,9 k €	+239%	89 k €	+155%	34,9 k €	-31.5%	50,9 k €	-30.0%	72,7 k €	-10.5%	81,2 k €	-11.6%	91,9 k €
Cash	109,2 k €	-71.0%	376 k €	+77.6%	211,7 k €	+78.9%	118,3 k €	+145%	48,3 k €	-50.0%	96,6 k €	+83.1%	52,7 k €	+151%	21 k €	-44.2%	37,6 k €	-35.8%	58,6 k €	+384%	12,1 k €	-42.1%	20,9 k €	+52.5%	13,7 k €	-12.4%	15,7 k €	-35.6%	24,3 k €
Debts	1,6 M €	+848%	166,7 k €	-13.1%	191,9 k €	+73.0%	110,9 k €	-10.2%	123,5 k €	-29.7%	175,8 k €	-14.2%	204,8 k €	-18.3%	250,8 k €	-1.3%	254,1 k €	+763%	29,4 k €	-5.3%	31,1 k €	-17.7%	37,7 k €	-26.6%	51,4 k €	+15.8%	44,4 k €	-21.1%	56,2 k €
Other
Workforce	10,0 ETP	+85.2%	5,4 ETP		–		–		–		–		–		–		–		1,3 ETP	-7.1%	1,4 ETP	-6.7%	1,5 ETP	0.0%	1,5 ETP	+15.4%	1,3 ETP	0.0%	1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 7 ended

Active mandates

Timothy (002-000) Mestdagh

Director · since 01 juillet 2021

Active

Bart (001-001) Deneire

Director

Active

Jurgen (000-000) Mestdagh

Director

Active

Ended mandates

Bart Deneire

Mandate

Ended

Bart Deneire

Director

Ended

Bart Deneire

Administrator - manager

Ended

Bart Deneire

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2025	31/08/2024	31/08/2023	29/09/2022	31/08/2021	11/11/2020
General meeting	31/07/2025	31/07/2024	05/06/2023	06/06/2022	07/06/2021	08/09/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	31/07/2025	30/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	31/08/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	06/06/2022	29/09/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	11/11/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	31/08/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	30/09/2018	Dutch	PDF
Micro model	31/12/2016	05/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	08/06/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	30/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	13/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	29/11/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	31/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 3 active · 7 ended

Active mandates

Timothy (002-000) Mestdagh

Director · since 01 juillet 2021

Active

Bart (001-001) Deneire

Director

Active

Jurgen (000-000) Mestdagh

Director

Active

Ended mandates

Bart Deneire

Mandate

Ended

Bart Deneire

Director

Ended

Bart Deneire

Administrator - manager

Ended

Bart Deneire

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/12/2015
KAPITAAL - AANDELEN
PDF
Mandates15/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/04/2010
KAPITAAL - AANDELEN - DIVERSEN
PDF
Other05/02/2009
DIVERSEN
PDF
Other16/01/2009
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

2024
Annual accounts 2024122 k €↑
2023
Annual accounts 2023117,6 k €↑
2022
Annual accounts 202279,2 k €↑
2021
Annual accounts 202158,3 k €↑
2020
Annual accounts 2020-8,7 k €↓
2019
Annual accounts 201951 k €↑
2018
Annual accounts 201846,3 k €↑
2017
Annual accounts 2017-19 k €↓
2016
Annual accounts 2016-11,7 k €↓
2015
Annual accounts 20155,5 k €↑
2014
Annual accounts 2014-9,4 k €↓
2013
Annual accounts 2013-8,2 k €↑
2012
Annual accounts 2012-15,5 k €↓
2011
Annual accounts 20111,2 k €↓
2010
Annual accounts 201017,1 k €
14/01/2009
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

TIMBA

Overview

What does TIMBA do?

Trend over 15 financial years

Indicative valuation

Board of directors

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