Turnover
≈ €1.2m estimated
The abbreviated format states no turnover.
Party Time
Lifetime
1 annual account with figurespeak €461,982 (2025)
€461,982
peak €203,118 (2025)
€203,118
peak €177,118 (2025)
€177,118
€339,092
Board1 name since 2023
1 directorNiels Laenen
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€10,000 100 shares
Position in the sector
€203,118
Higher net result than 87% of companies in specialised construction. Sector median €26,691 · 9,959 companies.
Checked score
82
Excellent
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.7%▲ +0.3 percentage points vs 12-2024
02-2025: 3.0%▲ +0.3 percentage points vs 01-2025
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 2.9%▼ -0.1 percentage points vs 03-2025
05-2025: 2.9%● unchanged vs 04-2025
06-2025: 3.2%▲ +0.3 percentage points vs 05-2025
07-2025: 3.3%▲ +0.1 percentage points vs 06-2025
08-2025: 3.3%● unchanged vs 07-2025highest value
09-2025: 3.3%● unchanged vs 08-2025highest value
10-2025: 3.3%● unchanged vs 09-2025highest value
11-2025: 3.3%● unchanged vs 10-2025highest value
12-2025: 3.3%● unchanged vs 11-2025highest value
01-2026: 3.3%● unchanged vs 12-2025highest value
02-2026: 0.5%▼ -2.8 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.68, cash €107,235
Size: total assets €516,211
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 36% of them on solvency, 38% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,127 companies had the same profile as Party Time has now. Each dot stands for 8 companies, two years later.
97.2%
were still trading
1.9%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of Party Time itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for Party Time. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68, below 1. Short-term debt is 56.7% and cash 20.8% of total assets. 65.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804140490
Incorporation
Founding capital of €10,000, 100 shares · Founder: Niels Laenen · Appointment: Niels Laenen (director) · published on 24-07-2023 · Gazette deed
First establishment
Kalvariebergstraat 46B, Geel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Party Time Geel | €516,211 | €461,982 | 34.3% | - |
| Elexo Kontich | €594,505 | €313,554 | 19.1% | - |
| R. VERLEY Beveren-Kruibeke-Zwijndrecht | €584,667 | €394,755 | 22.5% | 1 |
| BK SOLUTIONS GROUP Forest | €398,118 | €583,853 | 11.8% | - |
| MEGACHARGE Vilvoorde | €702,610 | €470,057 | 15.2% | - |
| GREEN-SUN Drogenbos | €475,789 | €266,158 | 30.0% | - |
| Energy Power Solutions Aartselaar | €395,644 | €330,212 | 59.3% | - |
These companies have the same main activity as Party Time: other construction installation (NACE 43240). They are comparable in size and age: total assets between €396,000 and €703,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 19-07-2023Normal situation
- Activity
- Other construction installationNACE 43240and 4 others
- Establishment unit
- 2.352.540.8022440 Geel, since 19-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 23-12-2025
Annual accounts to 30-06-2025
- €516,211
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on Party Time
Party Time has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177,118 and a net result of €203,118.
Its solvency ranks better than 38% of 9,967 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Party Time
- What is the company number of Party Time?
- The company number of Party Time is 0804.140.490. The VAT number is the same number with BE in front: BE 0804.140.490.
- Where is Party Time based?
- The registered office is at Kalvariebergstraat 46B, 2440 Geel.Company details
- What does Party Time do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of Party Time?
- Party Time is a private limited company (BV).
- When was Party Time founded?
- Party Time was founded on 19-07-2023.
- Is Party Time still active?
- Yes, Party Time is an active enterprise in the KBO register.
- What is the turnover of Party Time?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €461,982 and 46 comparable companies (NACE 432). It probably lies between €1.0m and €1.5m.Financials
- Is Party Time profitable?
- In financial year 2025, Party Time made a profit of €203,118.
- Where can I find the annual accounts of Party Time?
- Party Time filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.