ACTIVE

TIMBERFRAMING

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Financial year 2025 · closed on 31/12/2025

Net result

-69,3 k €

-214.5% YoY

Gross margin

770,1 k €

-18.1% YoY

Equity

417,9 k €

-14.2% YoY

Workforce

17,0 ETP

+9.7% YoY

What does TIMBERFRAMING do?

TIMBERFRAMING is a Private limited company incorporated in 2009. Its main activity is: Construction of buildings. Its registered office is in Nivelles. It employs on average 17,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0813.228.501

Incorporation

17/06/2009

Legal form

Private limited company

Registered office

Avenue Thomas Edison 164
1402 Nivelles · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

17,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	770,1 k €	-18.1%	940,6 k €	+35.5%	694,2 k €	-7.8%	752,7 k €	+66.0%	453,4 k €	+56.9%	288,9 k €	+14.1%	253,1 k €	+9.6%	230,9 k €	+45.2%	159 k €	+24.1%	128,2 k €	+28.1%	100 k €	-1.5%	101,5 k €	+311%	-48,1 k €	-178%	61,7 k €
EBITDA	-14,2 k €	-108%	185,5 k €	+51.8%	122,2 k €	-59.8%	304,3 k €	+295%	77,1 k €	+48.6%	51,9 k €	-13.8%	60,2 k €	-35.6%	93,5 k €	+167%	35 k €	-60.9%	89,6 k €	-0.1%	89,7 k €	-10.6%	100,4 k €	+308%	-48,3 k €	-178%	61,6 k €
Operating result	-66,5 k €	-171%	93,7 k €	+39.8%	67,1 k €	-69.6%	220,7 k €	+1091%	18,5 k €	+91.1%	9,7 k €	-75.9%	40,3 k €	-44.1%	72 k €	+266%	19,7 k €	-75.2%	79,3 k €	+7.9%	73,5 k €	-16.6%	88,1 k €	+249%	-59 k €	-221%	49 k €
Net result	-69,3 k €	-215%	60,5 k €	+41.1%	42,9 k €	-70.6%	145,7 k €	+1161%	11,6 k €	+38.9%	8,3 k €	-64.0%	23,1 k €	-54.6%	51 k €	+5443%	920,3 €	-98.3%	55,6 k €	+14.0%	48,8 k €	-37.4%	78 k €	+233%	-58,8 k €	-279%	32,8 k €
Balance sheet
Equity	417,9 k €	-14.2%	487,2 k €	+12.0%	435 k €	-6.9%	467,4 k €	+45.3%	321,6 k €	+30.6%	246,2 k €	+3.5%	237,9 k €	+10.8%	214,7 k €	+31.3%	163,6 k €	+0.6%	162,6 k €	+52.0%	107 k €	+83.8%	58,2 k €	+395%	-19,8 k €	-151%	39 k €
Total assets	1,2 M €	+0.0%	1,2 M €	-14.9%	1,4 M €	+17.6%	1,2 M €	+19.1%	1 M €	+81.9%	552 k €	+16.2%	475 k €	-4.7%	498,4 k €	-25.4%	667,9 k €	+137%	281,9 k €	+33.3%	211,4 k €	-1.0%	213,5 k €	+80.4%	118,3 k €	-24.4%	156,5 k €
Cash	130 k €	-62.9%	349,9 k €	+21.6%	287,9 k €	+163%	109,3 k €	-3.8%	113,7 k €	+240%	33,4 k €	-83.6%	204 k €	+20.9%	168,7 k €	-20.6%	212,6 k €	+61.4%	131,7 k €	+333%	30,4 k €	-79.4%	147,4 k €	+297%	37,1 k €	-3.7%	38,5 k €
Debts	771,9 k €	+10.6%	697,7 k €	-27.6%	963,5 k €	+33.7%	720,4 k €	+14.7%	628,2 k €	+106%	305,6 k €	+28.9%	237,1 k €	-16.4%	283,7 k €	-43.8%	504,4 k €	+323%	119,2 k €	+14.2%	104,4 k €	-32.7%	155,1 k €	+12.3%	138,1 k €	+17.8%	117,2 k €
Other
Workforce	17,0 ETP	+9.7%	15,5 ETP	+10.7%	14,0 ETP	+16.7%	12,0 ETP	+22.4%	9,8 ETP	+104%	4,8 ETP	-4.0%	5,0 ETP	+22.0%	4,1 ETP	0.0%	4,1 ETP	+128%	1,8 ETP	+80.0%	1,0 ETP	+900%	0,1 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 31/12/2024 · 2 active · 5 ended

Active mandates

Axel Ketele

Director · since 13 décembre 2023

Active

Martine Wuyckens

Director · since 13 décembre 2023

Active

Ended mandates

Martine Wuyckens

Director · since 01 octobre 2013

Ended

Martine Wuyckens

Director · since 10 juillet 2013

Ended

Axel Ketele

Director · since 17 juin 2009

Ended

Axel KETELE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AXIMMA● Active	0507.720.566

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	17/07/2025	31/07/2024	24/08/2023	18/07/2022	24/09/2021
General meeting	17/06/2026	13/06/2025	27/06/2024	09/06/2023	22/06/2022	23/09/2021
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	31/12/2025	17/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	13/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	24/08/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	18/07/2022	French	PDF
Abridged model	31/12/2020	23/09/2021	24/09/2021	Dutch	PDF
Abridged model	31/12/2019	21/08/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	12/09/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	30/09/2011	French	PDF

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 31/12/2024 · 2 active · 5 ended

Active mandates

Axel Ketele

Director · since 13 décembre 2023

Active

Martine Wuyckens

Director · since 13 décembre 2023

Active

Ended mandates

Martine Wuyckens

Director · since 01 octobre 2013

Ended

Martine Wuyckens

Director · since 10 juillet 2013

Ended

Axel Ketele

Director · since 17 juin 2009

Ended

Axel KETELE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office22/10/2020
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Mandates17/02/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other02/07/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-69,3 k €↓
2024
Annual accounts 202460,5 k €↑
2023
Annual accounts 202342,9 k €↓
2023
Name changeTIMBERFRAMING
2022
Annual accounts 2022145,7 k €↑
2021
Annual accounts 202111,6 k €↑
2018
Annual accounts 20188,3 k €↓
2017
Annual accounts 201723,1 k €↓
2016
Annual accounts 201651 k €↑
2015
Annual accounts 2015920,3 €↓
2014
Annual accounts 201455,6 k €↑
2013
Annual accounts 201348,8 k €↓
2012
Annual accounts 201278 k €↑
2011
Annual accounts 2011-58,8 k €↓
2010
Annual accounts 201032,8 k €
2010
Name changeAXEL KETELE TIMBERFRAMING
17/06/2009
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

TIMBERFRAMING

Overview

What does TIMBERFRAMING do?

Trend over 14 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