ACTIVE

TIMWORK

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Financial year 2025 · closed on 31/12/2025
Net result
2,6 k €
+151.6% YoY
Gross margin
21,4 k €
+22.7% YoY
Equity
155,3 k €
+1.7% YoY

What does TIMWORK do?

TIMWORK is a Private limited company incorporated in 2012. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0844.904.840
Incorporation
23/03/2012
Legal form
Private limited company
Registered office
Eugeen Verelstlei 38 box 2
2150 Antwerpen · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
43221Plumbing, heat and air-conditioning installation· main43221Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin21,4 k €17,4 k €53,0 k €1,1 k €39,2 k €19,0 k €25,3 k €33,4 k €29,5 k €72,1 k €35,0 k €32,4 k €38,5 k €44,3 k €
EBITDA10,6 k €7,1 k €42,5 k €-8,2 k €30,4 k €9,9 k €8,8 k €19,3 k €19,9 k €64,2 k €26,3 k €25,0 k €35,9 k €44,1 k €
Operating result3,1 k €-4,5 k €31,1 k €-19,6 k €19,0 k €3,0 k €6,9 k €18,1 k €18,0 k €60,2 k €21,9 k €18,3 k €34,5 k €43,6 k €
Net result2,6 k €-4,9 k €24,0 k €-20,0 k €13,5 k €1,8 k €4,7 k €15,3 k €13,2 k €38,9 k €12,1 k €12,9 k €25,6 k €31,4 k €
Balance sheet
Equity155,3 k €152,7 k €157,7 k €133,7 k €153,7 k €140,2 k €151,3 k €146,5 k €131,2 k €120,3 k €88,2 k €76,1 k €63,2 k €37,6 k €
Total assets262,7 k €266,4 k €274,0 k €178,9 k €199,8 k €197,1 k €175,7 k €172,5 k €173,1 k €156,3 k €139,2 k €122,2 k €93,4 k €80,9 k €
Cash79,4 k €64,2 k €34,6 k €19,4 k €26,0 k €5,6 k €5,0 k €14,3 k €–21,5 k €234,9 €17,2 k €11,9 k €23,4 k €
Debts107,4 k €113,7 k €116,3 k €45,2 k €46,1 k €56,9 k €24,4 k €25,9 k €41,9 k €36,0 k €51,0 k €46,1 k €30,2 k €43,4 k €
Other
Workforce––––––––––0,2 ETP0,2 ETP0,1 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 31/12/2025 · 1 active · 2 ended

Active mandates

Tim Somers

Director

Active

Ended mandates

Tim Somers

Manager · since 23 mars 2012

Ended
Tim Somers

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro 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 date28/08/202619/09/202530/08/202409/10/202313/10/202230/09/2021
General meeting20/06/202620/06/202520/06/202420/06/202320/06/202203/09/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/06/202628/08/2026DutchPDF
Micro model31/12/202420/06/202519/09/2025DutchPDF
Micro model31/12/202320/06/202430/08/2024DutchPDF
Micro model31/12/202220/06/202309/10/2023DutchPDF
Micro model31/12/202120/06/202213/10/2022DutchPDF
Micro model31/12/202003/09/202130/09/2021DutchPDF
Micro model31/12/201920/10/202013/11/2020DutchPDF
Micro model31/12/201820/06/201921/08/2019DutchPDF
Micro model31/12/201720/06/201831/08/2018DutchPDF
Micro model31/12/201620/06/201730/08/2017DutchPDF
Abridged model31/12/201511/07/201626/08/2016DutchPDF
Abridged model31/12/201420/06/201530/07/2015DutchPDF
Abridged model31/12/201311/07/201420/08/2014DutchPDF
Abridged model31/12/201211/07/201329/07/2013DutchPDF
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 · 2 ended

Active mandates

Tim Somers

Director

Active

Ended mandates

Tim Somers

Manager · since 23 mars 2012

Ended
Tim Somers

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/04/2012
    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 20252,6 k €↑
  2. 2024
    Annual accounts 2024-4,9 k €↓
  3. 2023
    Annual accounts 202324,0 k €↑
  4. 2022
    Annual accounts 2022-20,0 k €↓
  5. 2021
    Annual accounts 202113,5 k €↑
  6. 2020
    Annual accounts 20201,8 k €↓
  7. 2019
    Annual accounts 20194,7 k €↓
  8. 2018
    Annual accounts 201815,3 k €↑
  9. 2017
    Annual accounts 201713,2 k €↓
  10. 2016
    Annual accounts 201638,9 k €↑
  11. 2015
    Annual accounts 201512,1 k €↓
  12. 2014
    Annual accounts 201412,9 k €↓
  13. 2013
    Annual accounts 201325,6 k €↓
  14. 2012
    Annual accounts 201231,4 k €
  15. 23/03/2012
    IncorporationPrivate limited company