Ontime
ActiveSummary
The computed 12-month bankruptcy probability of Ontime is 4.4% (elevated). The 2025 annual accounts show negative equity (-€4,107) and a net result of -€7,107. Its solvency ranks better than 10% of 5,868 sector peers (NACE 49, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Non-scheduled passenger transport by road
NACE 49320
1 site
Size
€16,569turnover 2025
- Equity
- -€4,107
- Loss
- -€7,107
Why 46raises riskSector: Land transport and transport via pipelines (NACE 49)Founded in 2025Negative equity -€4,107lowers riskFigures for financial year 2025 (filed 27-06-2026)Show the evidence
Checked score
Score 2025
46
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 49, micro)
Financial strength
Weak
Solvency
6
equity -19.4% of total assets
Liquidity
7
short-term debt 119.4% · cash 5.3%
Profitability
0
return on assets -33.5%
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 3.6%lowest value
08-2026: 3.7%▲ +0.1 percentage points vs 07-2026
09-2026: 4.1%▲ +0.4 percentage points vs 08-2026
10-2026: 4.4%▲ +0.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.26, below 1; short-term debt: 119.4% and cash: 5.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 10% on solvency, 8% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
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 27-06-2026, 34 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
34 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Appointment: ALGhoul Ibrahim (director)Shareholding
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: ALGHOUL,Belal Nahed Mohammed (director)…
Financials · financial year 2025, micro format
Turnover
€16,569
EBIT margin
-43.0%
Net result
-€7,107
Working capital
-€18,683
Balance-sheet composition
Assets €21,186
Fixed assets
€14,576
Current assets
€6,610
Equity and liabilities
Equity-€4,107
Debt€25,293
Equity is negative: debt (€25,293) exceeds the balance-sheet total (€21,186).
Key figures and ratios
EBITDA
-€5,796
Cash flow
-€5,782
Solvency
-19.4%
Current ratio
0.26
ROA
-33.5%
Interest coverage
-111.00
Debt
€25,293
Debt ≤ 1 year
€25,293
No debt to equity: equity is negative, so debt divided by equity means nothing.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.2% are still going.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
4.2%
went bankrupt
5.5%
stopped otherwise
90.2%
still going
For this company itself Checked computes a bankruptcy probability of 4.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,322 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 | 2025 |
|---|---|
| Turnover70 | €16,569 |
| Goods, raw materials, services and sundry goods60/61 | €22,370 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,325 |
| Other operating charges640/8 | €904 |
| Gross operating margin9900 | -€4,892 |
| Operating profit (loss)9901 | -€7,121 |
| Financial income75/76B | €66 |
| Recurring financial income75 | €66 |
| Financial charges65/66B | €52 |
| Recurring financial charges65 | €52 |
| Profit (loss) for the period before taxes9903 | -€7,107 |
| Profit (loss) for the period9904 | -€7,107 |
| Profit (loss) for the period to be appropriated9905 | -€7,107 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €21,186 | |
| Fixed assets21/28 | €14,576 | |
| Tangible fixed assets22/27 | €14,576 | |
| Furniture and vehicles24 | €14,576 | |
| Current assets29/58 | €6,610 | |
| Amounts receivable within one year40/41 | €5,481 | |
| Trade receivables40 | €2,162 | |
| Other amounts receivable41 | €3,319 | |
| Cash at bank and in hand54/58 | €1,129 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €21,186 | |
| Equity10/15 | -€4,107 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | -€7,107 | |
| Amounts payable17/49 | €25,293 | |
| Amounts payable within one year42/48 | €25,293 | |
| Trade debts44 | €1,911 | |
| Suppliers440/4 | €1,911 | |
| Other amounts payable47/48 | €23,382 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€7,107 |
| + Depreciation and write-downs630 | €1,325 |
| Operating cash flow (approximation) | -€5,782 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-06-2026 | 2026-00207665 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 6,616 active companies whose main activity is non-scheduled passenger transport by road (NACE 49320), figures are known for 2,729. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2026
ALGHOUL,Belal Nahed Mohammed
CurrentDirector · since 06-06-2025
ALGhoul Ibrahim
CurrentDirector · since 06-05-2026
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
2 people since 2025, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| ALGHOUL,Belal Nahed Mohammed |
|
| ALGhoul Ibrahim |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 28-10-2026 ↗
- AIGhoul Belal 100 shares
- ALGhoul Ibrahim
At incorporation
act of 06-06-2025 ↗
- ALGHOUL,Belal Nahed Mohammed sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 06-06-2025 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Company
Director
Shareholding
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History
Acts, filings and financial milestones
2026
28-10
Gazette deed
Appointment: ALGhoul Ibrahim (director)Shareholding5 facts ▸
Gazette deed
Appointment: ALGhoul Ibrahim (director)
Shareholding5 facts ▸
- General meeting, 06-05-2026
- Shareholding, 06-05-2026, 100
- Director appointment, ALGhoul Ibrahim (director)
- Shareholding, 100
- Shareholding, 0
27-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
06-06
Gazette deed
IncorporationAppointment: ALGHOUL,Belal Nahed Mohammed (director) · Registered office clause · Founder7 facts ▸
Gazette deed
Incorporation
Appointment: ALGHOUL,Belal Nahed Mohammed (director) · Registered office clause · Founder7 facts ▸
- Registered office clause, “9100 Sint-Niklaas,Regentiestraat 2” (deed in Dutch)
- Director appointment, ALGHOUL,Belal Nahed Mohammed (director)
- Other provision, “geen beletsel mandaat, niet getroffen door maatregel die zich verzet” (deed in Dutch)
- Incorporation, 04-06-2025
- Founder, ALGHOUL,Belal Nahed Mohammed
- Founding capital, €3,000
- Other provision, “bankattest”, 3000 (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read
Register details
Identification
Legal formPrivate limited company
Founded04-06-2025
Financial year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Contact
E-mail
belalalghoul9@gmail.comSint-Niklaas
Phone
+32456175767Sint-Niklaas
E-invoicing
Reachable via Peppol
Peppol ID
0208:1023995148
Also
9925:BE1023995148
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2025
Ground area
126 m²
Building footprint
126 m²
Building volume
1,125 m³
Parcel 46447B0463/00M002, Flanders · tallest building 13.3 m. Linked by address, not a title deed.
1 establishment unit
Ontime
since 2025unit no. 2.374.326.804
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46447B0463/00M002 | Flanders | 126 m² | 1 · 126 m² | 13.3 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De exploitatie van taxi’s en oproepcentrales voor taxi's; Het transport over de weg van goederen en personen; De verhuur van…” (deed in Dutch)
27 activities (deed in Dutch)
- De exploitatie van taxi’s en oproepcentrales voor taxi's
- Het transport over de weg van goederen en personen
- De verhuur van personenauto's,vrachtwagens en alle motorvoertuigen met chauffeur
- De uitbating van een koerierdienst en logistieke dienst in de meest ruime zin
- Het vervoer van personen met autobussen,zonder dienstregeling,chartervervoer,busreizen,toeristische excursies
- De organisatie van carpooling en van overige vormen van gemeenschappelijk niet openbaar vervoer van personen
- Het transport over de weg van goederen en personen,hieronder inbegrepen zieke- en invalidenvervoer en luchthavenvervoer
- De aan- en verkoop,evenals de in- en uitvoer van om het even welke goederen
- De aan- en verkoop van meubilair,decoratie en verfraaiingsartikelen
- Het uitbaten van een restaurant van het traditionele type,pizzeriazaak,frituur,kebabzaak,exotische restaurant,enzovoort
- Het uitbaten van een hotel,café,brasserie,feestzaal,cultureel en multifunctioneel centrum,evenementenhal en sportaccommodatie
- De verkoop van eetwaren en dranken
- Het uitbaten,het beheer van catering-traiteursdiensten:klaarmaken,thuisbezorgen en eventueel serveren van maaltijden en bereide schotels
- Het organiseren en verzorgen van bruiloften,banketten,cocktails,recepties,enzovoort
- Detailhandel in niet-gespecialiseerde winkels,waarbij voedings- en genotmiddelen overheersen,inclusief de thuisbezorging daarvan
- Detailhandel in vlees en vleesproducten in gespecialiseerde winkels,met uitzondering van wild en van gevogelte
- Het uitbaten van een beenhouwerij/spekslagerij
- Invoeren van ingevroren vlees en verkoop op de binnenlandse markt
- Import en export van voedings- en genotsmiddelen in de meest ruime zin
- De installatie van centrale verwarming,gas- of mazoutinrichtingen,warme luchtinstallaties,koud- en warmwaterleidingen en verdelingen,sanitaire installaties,zwembadinstallaties en brandbeveiligingssystemen,technieken en toepassingen,lood en zinkwerk,metalen en niet metalen dakbedekkingen,onderhoud van ketels
- Het uitvoeren van elektriciteitswerken,het onderhoud van elektrische en elektronische apparatuur
- Het verlenen van diensten en adviezen aan derden van financiële,technische,commerciële of administratieve aard in de ruimste zin,bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie,financiën,verkoop,productie en algemeen bestuur
- Het onderzoek,de ontwikkeling,de vervaardiging of de commercialisering van nieuwe producten en technologieën en hun toepassingen
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële vaste activa
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten.De vennootschap kan derhalve ook contracten van onroerende leasing afsluiten
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten
- Het toestaan van leningen en kredietopeningen aan ondernemingen of particulieren,inclusief haar aandeelhouders en bestuurders,in eender welke vorm,als ook alle handels- en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito's op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatie-ondernemingen
- Name clauseThe name the company operates under according to its articles.
- Ontime
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur;bij gebrek aan bepaling onbepaalde duur, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo, 100” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, recht één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en…” (deed in Dutch)