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Complete company report
Generated 21-08-2026
Active BE 0763.963.189Private limited company

BUSINESS TIME

· 5 yrs active
Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)
Conclusion Checked

The KBO register records legal situation 050 for BUSINESS TIME (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-62k) and a net result of €-68k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-62k
Net result €-68k
Better than sector 5%
Active 5 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability50Solvency33Growth32Stability0
23 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 33
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 31-07-2024 with the NBB · fiscal year 2023 · micro
€-200k€0€200k€400kRevenue 2021: €239k€239kOperating result 2021: €7k€7kNet result 2021: €5k€5kRevenue 2022: €372k€372kOperating result 2022: €2k€2kNet result 2022: €2k€2kRevenue 2023: €236k€236kOperating result 2023: €-68k€-68kNet result 2023: €-68k€-68k202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -186.9% 20.0%
better than 5% of 5808 sector peers
Net result €-68k €3k
better than 5% of 5788 sector peers
Equity €-62k €15k
better than 5% of 5816 sector peers
Gross operating margin €-24k €23k
better than 5% of 5762 sector peers
Staff costs €35k €33k
higher than 52% of 2599 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€236k
-36.6% 21-23
EBITDA
€8k
- 21-23
Net profit
€-68k
- 21-23
Cash flow
€6k
- 21-23
Total assets
€33k
+28.8% 21-23
Equity
€-62k
- 21-23
Working capital
€-62k
- 21-23
Staff costs
€35k
+99.2% 21-23
Show 12 other metrics
Income taxes
€385
-71.4% 21-23
Debt
€95k
+405.9% 21-23
Debt ≤ 1y
€95k
+405.9% 21-23
Current ratio
0.35
-74.5% 21-23
Quick ratio
0.00
-99.4% 21-23
Solvency
-186.9%
- 21-23
Debt / equity
-1.54
- 21-23
ROE
110.5%
+397.3% 21-23
ROA
-206.5%
- 21-23
Net margin
-29.0%
- 21-23
EBITDA margin
3.2%
- 21-23
Interest coverage
256726.33
- 21-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€236k
EBITDA-
Net profit€-68k
Cash flow-
Staff costs€35k
Income taxes-
Dividends-
Total assets€33k
Equity€-62k
Debt€95k
of which ≤ 1y€95k
of which > 1y-
Working capital€-62k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.35
Quick ratio0.00
Working capital ratio-186.9%
Solvency-186.9%
Debt / equity-1.54
Long-term debt ratio-
Interest coverage-
Gross margin-13.7%
Net margin-29.0%
ROA-206.5%
ROE110.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding67d
Inventory turnover8.15
Days inventory (DSI)45d
Full annual accounts (17 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€33k
Current assets 29/58€33k
Stocks & contracts in progress 3€33k
Cash & bank 54/58€234
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€33k
Equity 10/15€-62k
Accumulated profits (losses) 14€-62k
Amounts payable 17/49€95k
Amounts payable within one year 42/48€95k
Trade debts payable within one year 44€49k
Income statement
Turnover 70€236k
Gross operating margin 9900€-24k
Operating result 9901€-68k
Financial charges 65€62
Result before taxes 9903€-68k
Net result for the period 9904€-68k
Result to be appropriated 9905€-68k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • NASIR Iqbal
    Managing director
    State Gazette act 24144243 (08-10-2024)
    Current
    08-10-2024 → present
Former directors (3)
  • NAJIMIDING Xirifu
    Managing director
    State Gazette act 24135387 (19-09-2024)
    Former
    19-09-2024 → 08-10-2024
    2 events
    • 08-10-2024 Resigned· Managing director
    • 19-09-2024 Appointed· Managing director
  • IFTIKHAR Hussain
    Managing director
    State Gazette act 24135387 (19-09-2024)
    Former
    - → 19-09-2024
  • MEHMOOD Riffat
    Managing director
    State Gazette act 24135387 (19-09-2024)
    Former
    - → 19-09-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form Private limited company(610)
Incorporation23-02-2021
StatusActive
Postal code-
Establishment units 1 location
BUSINESS TIME
Rue Albert 1,Roi des Belges(L.L) 62, 7100 La LouvièreBouwrijp maken van terreinen
since 20212.313.677.454
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
55372D0045/00B005 Wallonia 451 m² 1 · 40 m² -
21305B0204/00A032 Brussels 123 m² 1 · 114 m² 19.0 m · 6 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
08-10-2024
State Gazette act Capital & shares
19-09-2024
State Gazette act Capital & shares
31-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
18-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
30-05-2023
State Gazette act Capital & shares
2022
10-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
Capital history · 3
08-10-2024
Capital change
19-09-2024
Capital change
30-05-2023
Capital change
All acts · 3 updated 1 year ago
2024
08-10-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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    "filing_date": "2024-09-30",
    "act_kind_objet": "Objet de l\u0027acte:"
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  "decision": {
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    "act_date": "2024-09-23",
    "unanimous": null,
    "under_authorized_capital": false,
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  "bedrijfsrevisor": null,
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    "_kbo_filled_from_list": true,
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  "publication_proxy": {
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19-09-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "publication_proxy": {
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2023
30-05-2023 Transaction in capital or shares Capital & shares
Technical details 
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}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
Legal nameFR BUSINESS TIME
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative