Checked.be
Active
BE 0652.600.261Private limited company
OldtimerTime
Oude Truierbaan 49 ·3500 Hasselt, Belgium· 10 yrs active
Sector: Joinery installation
(43320)
Conclusion
OldtimerTime has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €102k and a net result of €25k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €102k |
| Net result | €25k |
| Better than sector | 66% |
| Active | 10 yrs |
Financial profile
92
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
96
Profitability
100
Solvency
87
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Checked score
96
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
78
2020
100
2021
100
2022
88
2023
96
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.47 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.41 (≥ 1.0)
+5
Leverage
Debt/equity 0.65 (< 1.0)
+10
Profitability
ROE 24% (≥ 10%)
+10
Interest coverage
Interest coverage 23.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 60.6% | 46.6% | |
| Net result | €25k | €9k | |
| Equity | €102k | €58k | |
| Gross operating margin | €68k | €38k | |
| Staff costs | €104 | €40k |
€64k
+88.9%
20-24
€25k
+83.4%
20-24
€53k
+103.3%
20-24
€169k
+12.1%
20-24
€102k
+29.1%
20-24
€14k
+36.8%
20-24
€104
-
20-24
€9k
+58.1%
20-24
€2k
-
20-24
€67k
-6.8%
20-24
€31k
+9.9%
20-24
€34k
-1.0%
20-24
1.47
+6.7%
20-24
1.41
+14.1%
20-24
60.6%
+15.2%
20-24
0.65
-27.8%
20-24
24.2%
+42.0%
20-24
14.7%
+63.6%
20-24
23.92
+78.8%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €64k | €34k | €37k | €30k | €33k |
| Net profit | €25k | €14k | €20k | €20k | €15k |
| Cash flow | €53k | €26k | €26k | €22k | €17k |
| Staff costs | €104 | - | - | - | - |
| Income taxes | €9k | €6k | €9k | €7k | - |
| Dividends | €2k | - | - | - | - |
| Total assets | €169k | €151k | €134k | €71k | €61k |
| Equity | €102k | €79k | €67k | €47k | €27k |
| Debt | €67k | €71k | €66k | €25k | €34k |
| of which ≤ 1y | €31k | €28k | €25k | €9k | €4k |
| of which > 1y | €34k | €34k | €41k | €15k | €30k |
| Working capital | €14k | €10k | €46k | €40k | €32k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.47 | 1.37 | 2.85 | 5.74 | 9.60 |
| Quick ratio | 1.41 | 1.23 | 2.68 | 5.25 | 8.43 |
| Working capital ratio | 8.4% | 6.9% | 34.5% | 56.4% | 52.2% |
| Solvency | 60.6% | 52.6% | 50.4% | 65.6% | 44.6% |
| Debt / equity | 0.65 | 0.90 | 0.98 | 0.53 | 1.11 |
| Long-term debt ratio | 0.33 | 0.43 | 0.60 | 0.32 | 1.11 |
| Interest coverage | 23.92 | 13.38 | 44.14 | 40.28 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 14.7% | 9.0% | 15.3% | 27.6% | 24.2% |
| ROE | 24.2% | 17.1% | 30.4% | 42.1% | 54.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €169k | €151k | €134k | €71k | €61k |
| Fixed assets | 21/28 | €124k | €112k | €63k | €23k | €25k |
| Intangible fixed assets | 21 | - | €6k | €8k | €10k | €12k |
| Tangible fixed assets | 22/27 | €122k | €104k | €53k | €10k | €11k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €45k | €38k | €71k | €49k | €35k |
| Stocks & contracts in progress | 3 | €2k | €4k | €4k | €4k | €4k |
| Amounts receivable within one year | 40/41 | €16k | €8k | €9k | €7k | €4k |
| Cash & bank | 54/58 | €25k | €27k | €57k | €38k | €27k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €169k | €151k | €134k | €71k | €61k |
| Equity | 10/15 | €102k | €79k | €67k | €47k | €27k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €75k | €52k | €40k | €20k | - |
| Accumulated profits (losses) | 14 | €15k | €15k | €15k | €15k | €15k |
| Amounts payable | 17/49 | €67k | €71k | €66k | €25k | €34k |
| Amounts payable after one year | 17 | €34k | €34k | €41k | €15k | €30k |
| Amounts payable within one year | 42/48 | €31k | €28k | €25k | €9k | €4k |
| Trade debts payable within one year | 44 | €8k | €574 | €10k | €4k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €68k | €36k | €39k | €32k | €34k |
| Operating result | 9901 | €36k | €22k | €32k | €27k | €31k |
| Financial income | 75 | €2 | €46 | €4 | - | €475 |
| Financial charges | 65 | €3k | €3k | €842 | €740 | €124 |
| Result before taxes | 9903 | €34k | €19k | €29k | €26k | €32k |
| Income taxes | 67/77 | €9k | €6k | €9k | €7k | - |
| Net result for the period | 9904 | €25k | €14k | €20k | €20k | €32k |
| Result to be appropriated | 9905 | €25k | €14k | €20k | €20k | €32k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 15-04-2016 |
| Status | Active |
| Postal code | 3500 |
Establishment units
OldtimerTime
since 20162.252.703.650
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0580/00C007 | Flanders | 3.7 ha | 1 · 1.1 ha | 11.3 m · 3 fl. |
| 71322A0543/00T000 | Flanders | 8,547 m² | 1 · 4,376 m² | 7.7 m · 2 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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €25k ▲83.4%
Operating result €36k, net result €25k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲29.1%
5 profitable years in a row build equity to €102k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €14k ▼34%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Specialised construction activities43343Landscape service activities81300
Names & trade names
| Legal nameNL | OldtimerTime |
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