IT'S TIME
ActiveSummary
The computed 12-month bankruptcy probability of IT'S TIME is 1.8% (moderate). The 2025 annual accounts show equity of €151,136 and a net result of -€38,468. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 8115 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency64▼-29
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 14.6 in 2024; short-term debt: 42.2% and cash: 11.8% of total assets), but 60.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
36 d late
2022
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€38,468
2024 · €146,040
Working capital
€207,309▼ 18.2%
2024 · €253,528
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€15,531--€9,235▲ 40.5%€232,396-€30,622
Net result-€36,612below the sector's middle half--€19,825below the sector's middle half▲ 45.9%€146,040within the sector's middle half-€38,468below the sector's middle half
Equity€63,388below the sector's middle half-€43,564below the sector's middle half▼ 31.3%€189,604below the sector's middle half▲ 335%€151,136within the sector's middle half▼ 20.3%
Total assets€774,276below the sector's middle half-€753,342below the sector's middle half▼ 2.7%€280,254below the sector's middle half▼ 62.8%€386,376below the sector's middle half▲ 37.9%
Debt€710,887-€709,779▼ 0.2%€18,639▼ 97.4%€163,228▲ 776%
Working capital-€256,467--€286,080▼ 11.5%€253,528€207,309▼ 18.2%
Solvency8.2%below the sector's middle half-5.8%below the sector's middle half▼ 2.4pp67.7%above the sector's middle half▲ 61.9pp39.1%within the sector's middle half▼ 28.5pp
Staff (FTE)0.6below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30,622 after €232,396 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €386,376
Fixed assets
€15,839 ▲ 95.9%
Current assets
€370,537 ▲ 36.1%
Equity and liabilities €386,376
Equity
€151,136 ▼ 20.3%
Provisions
€72,012 =
Debt
€163,228 ▲ 776%
Debt's share of the balance-sheet total rises from 6.7% to 42.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€26,318▼
2024 · €232,674
Cash flow
-€34,164▼
2024 · €146,318
Current ratio
2.27▼
2024 · 14.60
Quick ratio
1.07▼
2024 · 12.36
Debt to equity
1.08▲
2024 · 0.10
ROE
-25.5%▼
2024 · 77.0%
ROA
-10.0%▼
2024 · 52.1%
Interest coverage
-3.35▼
2024 · 16.22
Debt ≤ 1 year
€163,228▲
2024 · €18,639
Staff costs
€15,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15,464 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,914 | €20,478 | €278 | €4,304 | ▲ 1,449% |
| Other operating charges640/8 | €659 | €1,343 | €4,618 | €7,419 | ▲ 60.7% |
| Gross operating margin9900 | €16,042 | €12,586 | €237,292 | -€3,435 | ▼ 101% |
| Operating profit (loss)9901 | -€15,531 | -€9,235 | €232,396 | -€30,622 | ▼ 113% |
| Financial charges65/66B | €21,081 | €10,589 | €14,345 | €7,846 | ▼ 45.3% |
| Recurring financial charges65 | €21,081 | €10,589 | €14,345 | €7,846 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | -€36,612 | -€19,825 | €218,052 | -€38,468 | ▼ 118% |
| Transfer to deferred taxes680 | - | - | €72,012 | - | - |
| Profit (loss) for the period9904 | -€36,612 | -€19,825 | €146,040 | -€38,468 | ▼ 126% |
| Transfer to tax-exempt reserves689 | - | - | €216,035 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€36,612 | -€19,825 | -€69,995 | -€38,468 | ▲ 45.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €774,276 | €753,342 | €280,254 | €386,376 | ▲ 37.9% |
| Fixed assets21/28 | €750,120 | €729,642 | €8,087 | €15,839 | ▲ 95.9% |
| Intangible fixed assets21 | - | - | - | €399 | - |
| Tangible fixed assets22/27 | €749,931 | €729,453 | €7,898 | €15,001 | ▲ 89.9% |
| Land and buildings22 | €749,931 | €729,453 | - | - | - |
| Plant, machinery and equipment23 | - | - | €6,775 | €11,268 | ▲ 66.3% |
| Furniture and vehicles24 | - | - | €1,124 | €3,733 | ▲ 232% |
| Financial fixed assets28 | €189 | €189 | €189 | €439 | ▲ 132% |
| Current assets29/58 | €24,155 | €23,700 | €272,167 | €370,537 | ▲ 36.1% |
| Stocks and contracts in progress3 | - | - | €41,719 | €195,640 | ▲ 369% |
| Stocks30/36 | - | - | €41,719 | €195,640 | ▲ 369% |
| Amounts receivable within one year40/41 | €19,600 | €23,700 | €42,730 | €128,914 | ▲ 202% |
| Trade receivables40 | €19,600 | €23,700 | €13,900 | €3,991 | ▼ 71.3% |
| Other amounts receivable41 | - | - | €28,830 | €124,923 | ▲ 333% |
| Cash at bank and in hand54/58 | €4,555 | - | €187,717 | €45,671 | ▼ 75.7% |
| Deferred charges and accrued income490/1 | - | - | - | €311 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €774,276 | €753,342 | €280,254 | €386,376 | ▲ 37.9% |
| Equity10/15 | €63,388 | €43,564 | €189,604 | €151,136 | ▼ 20.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | - | €216,035 | €216,035 | = |
| Tax-exempt reserves132 | - | - | €216,035 | €216,035 | = |
| Profit (loss) carried forward14 | -€36,612 | -€56,436 | -€126,431 | -€164,899 | ▼ 30.4% |
| Provisions and deferred taxes16 | - | - | €72,012 | €72,012 | = |
| Deferred taxes168 | - | - | €72,012 | €72,012 | = |
| Amounts payable17/49 | €710,887 | €709,779 | €18,639 | €163,228 | ▲ 776% |
| Amounts payable after more than one year17 | €427,008 | €396,743 | - | - | - |
| Financial debts170/4 | €427,008 | €396,743 | - | - | - |
| Amounts payable within one year42/48 | €280,622 | €309,780 | €18,639 | €163,228 | ▲ 776% |
| Current portion of amounts payable after more than one year42 | €29,648 | €30,265 | - | - | - |
| Financial debts43 | - | €2,924 | - | - | - |
| Credit institutions430/8 | - | €2,924 | - | - | - |
| Trade debts44 | €241 | €2,824 | €18,639 | €141,325 | ▲ 658% |
| Suppliers440/4 | €241 | €2,824 | €18,639 | €141,325 | ▲ 658% |
| Taxes, remuneration and social security45 | - | - | - | €21,903 | - |
| Taxes450/3 | - | - | - | €19,835 | - |
| Remuneration and social security454/9 | - | - | - | €2,068 | - |
| Other amounts payable47/48 | €250,733 | €273,767 | - | - | - |
| Accrued charges and deferred income492/3 | €3,258 | €3,256 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,612 | -€19,825 | €146,040 | -€38,468 | ▼ 126% |
| + Depreciation and write-downs630 | €30,914 | €20,478 | €278 | €4,304 | ▲ 1,449% |
| Operating cash flow (approximation) | -€5,698 | €654 | €146,318 | -€34,164 | ▼ 123% |
| Investment in fixed assets (approximation) | - | €0 | €721,277 | -€12,055 | ▼ 102% |
| Change in cash | - | - | - | -€142,046 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€38,468
Net result drops to -€38,468, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €146,040
Net result €146,040 after 2 loss-making years.
31-12
Financial
Liquidity times 191current ratio 14.60
Current ratio from 0.08 to 14.60; short-term debt falls from €309,780 to €18,639.
31-12
Financial
Equity above €150,000Eq €189,604 ▲335%
Equity rises from €43,564 to €189,604.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 36 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Estaimpuis · 1 establishment unit since 2021
Ground area
4.7 ha
Building footprint
3,505 m²
Parcel 57028A0489/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EVA IMMO
since 20212.319.716.101
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028A0489/00F000 | Wallonia | 4.7 ha | 1 · 3,505 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEstaimpuis2.319.716.101
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,570. 1,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
47789Other retail sale of new goods
52100Warehousing and storage
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768768352
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.