ON TIME SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of ON TIME SOLUTIONS is 2.2% (moderate). The 2024 annual accounts show equity of €2.8m and a net result of €1.0m. Equity is growing by ~10.3% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+53
Solvency68▲+19
Growth61▲+15
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.58 in 2023; short-term debt: 54.7% and cash: 6.7% of total assets), and 56.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.2%
Return on assets
15.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
30 d early
2023
14 d early
2022
26 d early
2021
38 d early
2020
16 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% 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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
In the rankings
#3 employer in the province of Antwerp, Postal and courier sector#5 company by total assets in the province of Antwerp, Postal and courier sector#5 company by equity in the province of Antwerp, Postal and courier sector
Turnover
€12.9m▼ 9.0%
2023 · €14.1m
EBIT margin
5.1%▲ 6.5pp
2023 · -1.4%
Net result
€1.0m▲ 524%
2023 · €162,816
Working capital
-€950,927▲ 60.3%
2023 · -€2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€12.3m▼ 12.3%€13.2m▲ 7.4%€13.9m▲ 5.6%€14.1m▲ 1.5%€12.9m▼ 9.0%
Operating result-€644,292€284,049-€372,254-€203,718▲ 45.3%€651,567
Net result-€644,984below the sector's middle half€208,664above the sector's middle half€155,214above the sector's middle half▼ 25.6%€162,816above the sector's middle half▲ 4.9%€1.0mabove the sector's middle half▲ 524%
EBIT margin-5.2%▼ 11.0pp2.2%▲ 7.4pp-2.7%▼ 4.8pp-1.4%▲ 1.2pp5.1%▲ 6.5pp
Equity€1.2mabove the sector's middle half▼ 34.5%€1.4mwithin the sector's middle half▲ 17.0%€1.6mabove the sector's middle half▲ 10.8%€1.8mabove the sector's middle half▲ 10.3%€2.8mabove the sector's middle half▲ 58.0%
Total assets€4.2mabove the sector's middle half▲ 3.8%€3.6mwithin the sector's middle half▼ 14.8%€7.4mabove the sector's middle half▲ 105%€7.5mabove the sector's middle half▲ 0.9%€6.4mabove the sector's middle half▼ 14.0%
Debt€3.0m▲ 36.5%€2.2m▼ 27.8%€5.8m▲ 168%€5.7m▼ 1.6%€3.6m▼ 36.1%
Working capital€719,409above the sector's middle half▼ 51.2%€904,651above the sector's middle half▲ 25.7%-€2.5mbelow the sector's middle half-€2.4mbelow the sector's middle half▲ 5.5%-€950,927below the sector's middle half▲ 60.3%
Solvency29.0%within the sector's middle half▼ 17.0pp39.9%within the sector's middle half▲ 10.8pp21.5%within the sector's middle half▼ 18.4pp23.5%within the sector's middle half▲ 2.0pp43.2%within the sector's middle half▲ 19.7pp
Current ratio1.24within the sector's middle half▼ 0.471.43within the sector's middle half▲ 0.190.56below the sector's middle half▼ 0.870.58below the sector's middle half▲ 0.020.73below the sector's middle half▲ 0.15
Return on assets (ROA)-15.3%below the sector's middle half▼ 27.8pp5.8%within the sector's middle half▲ 21.1pp2.1%within the sector's middle half▼ 3.7pp2.2%within the sector's middle half▲ 0.1pp15.9%above the sector's middle half▲ 13.7pp
Staff (FTE)90.1above the sector's middle half▼ 10.6%81above the sector's middle half▼ 10.1%75.5above the sector's middle half▼ 6.8%73.1above the sector's middle half▼ 3.2%61.5above the sector's middle half▼ 15.9%
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €651,567 after a loss of €203,718 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.4m
Fixed assets
€3.9m ▼ 7.7%
Current assets
€2.6m ▼ 21.9%
Equity and liabilities €6.4m
Equity
€2.8m ▲ 58.0%
Debt
€3.6m ▼ 36.1%
Debt's share of the balance-sheet total falls from 76.5% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€710,467▲
2023 · -€112,972
Cash flow
€1.1m▲
2023 · €253,562
Debt to equity
1.32▼
2023 · 3.25
ROE
36.7%▲
2023 · 9.3%
Interest coverage
10.35▲
2023 · -1.62
Debt ≤ 1 year
€3.5m▼
2023 · €5.7m
Income taxes
€5,039▼
2023 · €5,385
Staff costs
€3.8m▼
2023 · €4.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.4m | €14.1m | €15.0m | €13.7m | ▼ 8.5% |
| Turnover70 | €12.3m | €13.2m | €13.9m | €14.1m | €12.9m | ▼ 9.0% |
| Own construction capitalised72 | - | - | €316 | €1,043 | €6,423 | ▲ 516% |
| Other operating income74 | - | €165,035 | €163,167 | €857,319 | €847,476 | ▼ 1.1% |
| Operating charges60/66A | - | €13.1m | €14.5m | €15.2m | €13.1m | ▼ 14.0% |
| Goods for resale, raw materials and consumables60 | - | €6.4m | €7.2m | €7.5m | €6.6m | ▼ 12.8% |
| Purchases600/8 | - | €6.4m | €7.2m | €7.5m | €6.6m | ▼ 12.8% |
| Change in stocks: decrease (increase)609 | - | €7,199 | €0 | - | - | - |
| Services and other goods61 | - | €2.3m | €2.9m | €3.0m | €2.6m | ▼ 15.1% |
| Remuneration, social security and pensions62 | - | €4.2m | €4.1m | €4.3m | €3.8m | ▼ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,252 | €94,521 | €110,581 | €90,746 | €58,901 | ▼ 35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,422 | -€67 | -€2,041 | €38,580 | ▲ 1,990% |
| Other operating charges640/8 | - | €32,988 | €19,737 | €27,161 | €35,620 | ▲ 31.1% |
| Non-recurring operating charges66A | - | €64,547 | €35,407 | €178,950 | €0 | ▼ 100% |
| Operating profit (loss)9901 | -€644,292 | €284,049 | -€372,254 | -€203,718 | €651,567 | ▲ 420% |
| Financial income75/76B | - | €10,791 | €594,945 | €452,235 | €1.5m | ▲ 236% |
| Recurring financial income75 | €27,670 | €10,791 | €7,760 | €442,205 | €306,832 | ▼ 30.6% |
| Income from financial fixed assets750 | - | - | - | €430,000 | €301,000 | ▼ 30.0% |
| Income from current assets751 | - | - | - | €59 | €7 | ▼ 88.2% |
| Other financial income752/9 | - | €10,791 | €7,760 | €12,146 | €5,825 | ▼ 52.0% |
| Non-recurring financial income76B | - | €0 | €587,185 | €10,030 | €1.2m | ▲ 11,975% |
| Financial charges65/66B | - | €81,347 | €62,547 | €80,317 | €1.1m | ▲ 1,330% |
| Recurring financial charges65 | €48,670 | €72,972 | €62,547 | €80,317 | €76,908 | ▼ 4.2% |
| Debt charges650 | €40,691 | €56,950 | €50,751 | €69,747 | €68,632 | ▼ 1.6% |
| Other financial charges652/9 | - | €16,023 | €11,796 | €10,570 | €8,276 | ▼ 21.7% |
| Non-recurring financial charges66B | - | €8,375 | €0 | - | €1.1m | - |
| Profit (loss) for the period before taxes9903 | -€638,429 | €213,492 | €160,144 | €168,200 | €1.0m | ▲ 507% |
| Income taxes67/77 | €6,555 | €4,828 | €4,930 | €5,385 | €5,039 | ▼ 6.4% |
| Taxes670/3 | - | €4,828 | €4,930 | €5,385 | €5,039 | ▼ 6.4% |
| Profit (loss) for the period9904 | -€644,984 | €208,664 | €155,214 | €162,816 | €1.0m | ▲ 524% |
| Profit (loss) for the period to be appropriated9905 | -€644,984 | €208,664 | €155,214 | €162,816 | €1.0m | ▲ 524% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €3.6m | €7.4m | €7.5m | €6.4m | ▼ 14.0% |
| Fixed assets21/28 | €550,397 | €601,999 | €4.1m | €4.2m | €3.9m | ▼ 7.7% |
| Intangible fixed assets21 | €31,506 | €52,287 | €39,238 | €3,069 | €27,422 | ▲ 794% |
| Tangible fixed assets22/27 | €168,341 | €131,272 | €129,878 | €158,360 | €140,641 | ▼ 11.2% |
| Land and buildings22 | - | - | - | - | €2,319 | - |
| Plant, machinery and equipment23 | - | €114,419 | €110,494 | €144,943 | €114,338 | ▼ 21.1% |
| Furniture and vehicles24 | - | €16,853 | €19,385 | €13,417 | €23,984 | ▲ 78.8% |
| Financial fixed assets28 | €350,550 | €418,440 | €4.0m | €4.0m | €3.7m | ▼ 8.2% |
| Affiliated companies280/1 | - | €314,715 | €3.9m | €3.9m | €3.5m | ▼ 8.7% |
| Participating interests280 | - | €314,715 | €3.9m | €3.9m | €3.5m | ▼ 8.7% |
| Other financial fixed assets284/8 | - | €103,725 | €103,725 | €135,745 | €144,117 | ▲ 6.2% |
| Amounts receivable and cash guarantees285/8 | - | €103,725 | €103,725 | €135,745 | €144,117 | ▲ 6.2% |
| Current assets29/58 | €3.7m | €3.0m | €3.2m | €3.3m | €2.6m | ▼ 21.9% |
| Stocks and contracts in progress3 | €7,199 | €0 | €0 | €0 | €0 | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Goods purchased for resale34 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €3.0m | €2.4m | €2.4m | €2.8m | €2.1m | ▼ 24.7% |
| Trade receivables40 | - | €2.2m | €2.3m | €2.7m | €1.9m | ▼ 29.1% |
| Other amounts receivable41 | - | €168,671 | €103,599 | €57,347 | €159,816 | ▲ 179% |
| Cash at bank and in hand54/58 | €601,694 | €601,424 | €738,049 | €435,732 | €428,018 | ▼ 1.8% |
| Deferred charges and accrued income490/1 | - | €34,509 | €92,014 | €78,384 | €50,679 | ▼ 35.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €3.6m | €7.4m | €7.5m | €6.4m | ▼ 14.0% |
| Equity10/15 | €1.2m | €1.4m | €1.6m | €1.8m | €2.8m | ▲ 58.0% |
| Contributions10/11 | €907,653 | €907,653 | €907,653 | €907,653 | €907,653 | = |
| Capital10 | - | €907,653 | €907,653 | €907,653 | €907,653 | = |
| Issued capital100 | - | €907,653 | €907,653 | €907,653 | €907,653 | = |
| Reserves13 | €316,706 | €524,765 | €680,584 | €842,765 | €1.9m | ▲ 121% |
| Non-distributable reserves130/1 | - | €90,765 | €90,765 | €90,765 | €90,765 | = |
| Legal reserve130 | - | €90,765 | €90,765 | €90,765 | €90,765 | = |
| Distributable reserves133 | - | €434,000 | €589,819 | €752,000 | €1.8m | ▲ 135% |
| Profit (loss) carried forward14 | €0 | €605 | €0 | €635 | €540 | ▼ 14.9% |
| Amounts payable17/49 | €3.0m | €2.2m | €5.8m | €5.7m | €3.6m | ▼ 36.1% |
| Amounts payable within one year42/48 | €2.9m | €2.1m | €5.8m | €5.7m | €3.5m | ▼ 38.2% |
| Financial debts43 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Trade debts44 | €1.6m | €1.0m | €1.5m | €1.7m | €1.0m | ▼ 39.4% |
| Suppliers440/4 | - | €1.0m | €1.5m | €1.7m | €1.0m | ▼ 39.4% |
| Taxes, remuneration and social security45 | - | €577,673 | €746,857 | €705,453 | €544,570 | ▼ 22.8% |
| Taxes450/3 | - | €104,575 | €230,431 | €147,886 | €156,690 | ▲ 6.0% |
| Remuneration and social security454/9 | - | €473,099 | €516,426 | €557,566 | €387,880 | ▼ 30.4% |
| Other amounts payable47/48 | - | €212,455 | €3.3m | €3.0m | €1.9m | ▼ 36.0% |
| Accrued charges and deferred income492/3 | - | €73,627 | €19,594 | €31,462 | €137,495 | ▲ 337% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€644,984 | €208,664 | €155,214 | €162,816 | €1.0m | ▲ 524% |
| + Depreciation and write-downs630 | €98,252 | €94,521 | €110,581 | €90,746 | €58,901 | ▼ 35.1% |
| Operating cash flow (approximation) | -€546,731 | €303,185 | €265,795 | €253,562 | €1.1m | ▲ 324% |
| Investment in fixed assets (approximation) | - | -€146,123 | -€3.7m | -€125,110 | €264,823 | ▲ 312% |
| Change in cash | - | -€270 | €136,625 | -€302,317 | -€7,714 | ▲ 97.4% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.0m ▲524%
Net result €1.0m, the highest in the series.
31-12
Financial
Equity above €2mEq €2.8m ▲58%
4 profitable years in a row build equity to €2.8m.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €208,664
Net result €208,664 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€644,984
Net result drops to -€644,984, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 97 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 29 acts read
About the unread acts
We know of 29 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
No directors read yet: 0 of 29 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 5 establishment units since 1990
Ground area
110 ha
Building footprint
1.5 ha
Volume, LiDAR
151,582 m³
5 parcels, Flanders · tallest building 23.4 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
5 establishment units
ON TIME Solutions
since 19902.048.212.111
ON TIME Solutions
since 20122.205.407.143
ON TIME Solutions
since 20142.230.287.049
ON TIME Solutions
since 20212.339.631.288
ON TIME Solutions
since 20252.382.285.653
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46006D0069/00M000 | Flanders | 106 ha | 1 · 5,663 m² | 23.4 m · 4 fl. |
| 46025B0433/00T000 | Flanders | 1.9 ha | 1 · 3,644 m² | 10.8 m · 3 fl. |
| 12009E0537/00D002 | Flanders | 1.2 ha | 1 · 3,239 m² | 8.6 m · 3 fl. |
| 11807G0076/00S003 | Flanders | 3,994 m² | 1 · 2,287 m² | 9.2 m · 2 fl. |
| 11807G0155/00S006 | Flanders | 532 m² | 1 · 509 m² | 20.6 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
MASC-INVEST
60 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holding · 2 subsidiaries in the treeChain of control
- MASC-INVEST
- Falcon Fund VI
- ON TIME LOGISTICS
- On Time Distribution
- ON TIME SOLUTIONS
Highest known parent: MASC-INVEST. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 1
-
86%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ON TIME SPRINT 86%1 subsidiary
- J.L. Hertsens 100%
According to the 2024 annual accounts of ON TIME SOLUTIONS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 1,996 EUR awarded · 1,969 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 831 EUR | 831 EUR |
| 2022 | 2 | 1,165 EUR | 1,138 EUR |
Recognitions · licences · registrations
Food safety, FASFC
3 sitesAntwerpen2.230.287.049
Beveren-Kruibeke-Zwijndrecht2.339.631.288
Duffel2.382.285.653
Parcel delivery
Notified to the BIPT
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Company details
Identification
Legal formPublic limited company
Founded24-04-1990
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440448591
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.