ACTIVE

TIMUCOL

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Financial year 2025 · closed on 31/12/2025

Net result

87,9 k €

+83.6% YoY

Gross margin

205,6 k €

+48.0% YoY

Equity

2,2 M €

+4.1% YoY

What does TIMUCOL do?

TIMUCOL is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Tienen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.243.135

Incorporation

13/06/2007

Legal form

Private limited company

Registered office

Grote Markt 14
3300 Tienen · FlandreSee on map

Contributed capital

410 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008
Income statement
Gross margin	205,6 k €	+48.0%	138,9 k €	-12.3%	158,3 k €	+94.2%	81,5 k €	-45.9%	150,6 k €	-2.1%	153,9 k €	+153%	60,8 k €	-80.1%	305,2 k €	-21.3%	387,8 k €	+35.2%	286,7 k €	+13.5%	252,5 k €	-3.3%	261,2 k €	-2.2%	267 k €	+12.4%	237,7 k €	+112%	112,3 k €	+195%	38,1 k €	-46.2%	70,9 k €
EBITDA	202,3 k €	+48.9%	135,9 k €	-12.9%	156 k €	+102%	77,4 k €	-46.5%	144,8 k €	-2.7%	148,7 k €	+158%	57,6 k €	-81.0%	302,7 k €	-21.2%	384,3 k €	+45.1%	264,8 k €	+18.0%	224,4 k €	+14.8%	195,4 k €	+1.0%	193,5 k €	+0.4%	192,8 k €	+98.0%	97,4 k €	+158%	37,8 k €	-46.2%	70,2 k €
Operating result	138,9 k €	+67.5%	82,9 k €	-21.4%	105,6 k €	+226%	32,4 k €	-65.6%	94,1 k €	-4.5%	98,5 k €	+1897%	4,9 k €	-98.1%	257 k €	-25.7%	346,1 k €	+51.4%	228,6 k €	+18.9%	192,3 k €	+18.4%	162,4 k €	+10.1%	147,5 k €	-9.8%	163,6 k €	+123%	73,5 k €	+97.8%	37,2 k €	-47.1%	70,2 k €
Net result	87,9 k €	+83.6%	47,9 k €	-24.5%	63,5 k €	+323%	15 k €	-71.2%	52,2 k €	-15.1%	61,5 k €	+682%	-10,6 k €	-108%	136,4 k €	-26.0%	184,4 k €	+55.0%	119 k €	-87.5%	953,2 k €	+1374%	64,7 k €	+0.7%	64,2 k €	-23.9%	84,4 k €	+324%	19,9 k €	+15.9%	17,2 k €	-46.1%	31,9 k €
Balance sheet
Equity	2,2 M €	+4.1%	2,2 M €	+2.3%	2,1 M €	+3.1%	2 M €	+0.7%	2 M €	+2.6%	2 M €	-0.1%	2 M €	-0.5%	2 M €	+7.4%	1,9 M €	+11.0%	1,7 M €	+7.7%	1,6 M €	+159%	597,7 k €	+12.1%	533 k €	+5.8%	503,8 k €	+9.7%	459,4 k €	+579%	67,7 k €	+34.0%	50,5 k €
Total assets	2,8 M €	+0.7%	2,8 M €	-0.5%	2,8 M €	+0.2%	2,8 M €	+2.0%	2,7 M €	-2.8%	2,8 M €	-2.1%	2,8 M €	-1.1%	2,9 M €	+3.1%	2,8 M €	-4.1%	2,9 M €	+2.8%	2,8 M €	+43.9%	2 M €	-15.6%	2,3 M €	+17.3%	2 M €	+14.7%	1,7 M €	+500%	288,6 k €	+4.2%	276,9 k €
Cash	84,5 k €	+11.5%	75,7 k €	+225%	23,3 k €	+423%	4,5 k €	-64.7%	12,6 k €	-15.3%	14,9 k €	-77.3%	65,7 k €	-40.5%	110,4 k €	+418%	21,3 k €	-83.3%	127,4 k €	+158%	49,4 k €	+60.6%	30,7 k €	-91.6%	365,2 k €	+24375%	1,5 k €	-98.0%	75,8 k €	+57.5%	48,1 k €	+65.9%	29 k €
Debts	526,2 k €	-11.9%	597 k €	-9.4%	658,6 k €	-7.9%	715,2 k €	+5.7%	676,5 k €	-16.1%	805,8 k €	-6.6%	862,3 k €	-2.2%	881,9 k €	-5.4%	932,6 k €	-24.7%	1,2 M €	-3.1%	1,3 M €	-6.6%	1,4 M €	-23.9%	1,8 M €	+21.2%	1,5 M €	+16.6%	1,3 M €	+476%	220,9 k €	-2.4%	226,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Olivier VAN MULLEM

bestuurder · since 17 juin 2007

Active

Ended mandates

OLIVIER VAN MULLEM

Director · since 17 juin 2007

Ended

OLIVIER VAN MULLEM

Manager · since 17 juin 2007

Ended

At this address

Other companies at this address

Company	CBE no.
Hekate● Active	0643.688.634

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	31/07/2026	25/07/2025	30/09/2024	31/07/2023	31/08/2022	30/09/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	30/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	17/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 2 ended

Active mandates

Olivier VAN MULLEM

bestuurder · since 17 juin 2007

Active

Ended mandates

OLIVIER VAN MULLEM

Director · since 17 juin 2007

Ended

OLIVIER VAN MULLEM

Manager · since 17 juin 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/11/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares10/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other18/11/2011
DOEL
PDF
Restructuring16/11/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/07/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Other28/06/2007
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

2025
Annual accounts 202587,9 k €↑
2024
Annual accounts 202447,9 k €↓
2023
Annual accounts 202363,5 k €↑
2022
Annual accounts 202215 k €↓
2021
Annual accounts 202152,2 k €↓
2020
Annual accounts 202061,5 k €↑
2019
Annual accounts 2019-10,6 k €↓
2018
Annual accounts 2018136,4 k €↓
2017
Annual accounts 2017184,4 k €↑
2016
Annual accounts 2016119 k €↓
2015
Annual accounts 2015953,2 k €↑
2014
Annual accounts 201464,7 k €↑
2013
Annual accounts 201364,2 k €↓
2012
Annual accounts 201284,4 k €↑
2011
Annual accounts 201119,9 k €↑
2009
Annual accounts 200917,2 k €↓
2008
Annual accounts 200831,9 k €
13/06/2007
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

TIMUCOL

Overview

What does TIMUCOL do?

Trend over 17 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