Turnover
≈ €1.2m estimated
The abbreviated format states no turnover.
Party Time
Overview
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
- €461,982
- €203,118
- €177,118
- €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.
Financials
Annual accounts 2025
abbreviated format, filed on 30-01-2026, 1 day before the deadline€461,982
€285,850
€203,118
-€94,572
34.3%
0.68
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €1.0m and €1.5m.
Balance sheet
balance sheet total €516,211 on 30-06-2025What the company ownsHow it is paid for
Position in the sector
34.3%
Higher than 38% of 9,967 companies in 2025.
0.68
Higher than 9% of 9,830 companies in 2025.
39.3%
Higher than 95% of 9,899 companies in 2025.
Party Time
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
516,211 | |
21/28 |
318,011 | |
22/27 |
318,011 | |
23 |
260,702 | |
24 |
57,309 | |
29/58 |
198,200 | |
40/41 |
82,821 | |
40 |
75,883 | |
41 |
6,938 | |
54/58 |
107,235 | |
490/1 |
8,144 | |
| Balance sheet: equity and liabilities | ||
10/49 |
516,211 | |
10/15 |
177,118 | |
10/11 |
10,000 | |
13 |
167,118 | |
133 |
167,118 | |
14 |
0 | |
17/49 |
339,092 | |
17 |
46,120 | |
170/4 |
46,120 | |
42/48 |
292,772 | |
42 |
28,655 | |
44 |
73,464 | |
440/4 |
73,464 | |
45 |
79,237 | |
450/3 |
79,237 | |
47/48 |
111,417 | |
492/3 |
200 | |
| Income statement | ||
9900 |
461,982 | |
62 |
80 | |
630 |
161,171 | |
640/8 |
8,667 | |
66A |
6,215 | |
9901 |
285,850 | |
75/76B |
51 | |
75 |
51 | |
65/66B |
11,300 | |
65 |
11,300 | |
9903 |
274,602 | |
67/77 |
71,483 | |
9904 |
203,118 | |
9905 |
203,118 | |
| Appropriation of the result | ||
9906 |
203,118 | |
691/2 |
167,118 | |
6921 |
167,118 | |
694/7 |
36,000 | |
695 |
36,000 | |
| Document | ||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00021630 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 447,021 | ||
| 364,290 | ||
| 478,102 | ||
| -94,572 | ||
| 34.3% | ||
| 0.68 | ||
| 1.91 | ||
| 114.7% | ||
| 39.3% | ||
| 39.56 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €478,102 |
| €161,171 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Party Time
Debt's share of the balance-sheet total is 65.7%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 24-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-07-2023
Mandates through the years
1 name, the dashed line is todayNiels Laenen
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Niels Laenen
- Director (not named in the articles), appointed by deed of 24-07-2023, still in office
Control
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €1,771 in 2025
- Source
- deed of 24-07-2023
Articles of association
deed of 24-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of December at 10:00
Founder
At incorporation
deed of 24-07-2023 ↗
- Niels Laenen sole founder · 100% at incorporation
Network & group
No group
Party Time has no parent and no holdings in its annual accounts. Niels Laenen is the only director. Party Time shares no director with another company.
Timeline
Timeline
4 events since 2023Filings
Establishments
2023202420252026
2026
Annual accounts 2025 filed PDFabbreviated format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804140490
2023
IncorporationFounding capital of €10,000, 100 shares · Founder: Niels Laenen · Appointment: Niels Laenen (director) · published on 24-07-20236 points ▸
- Registered office clause, Kalvariebergstraat 46b, 2440 Geel
- Board rule, 1
- Director appointment, Niels Laenen (director (not named in the articles))
- Permanent representative, Niels Laenen
- Founder, Niels Laenen
- Founding capital, €10,000, 100 shares
- The deed holds 3 more points.
First establishment Kalvariebergstraat 46B, Geel
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 0804.140.490
- VAT number
- BE 0804.140.490
- Peppol ID
- 0208:0804140490
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-07-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of December at 10:00deed of 24-07-2023 (in Dutch)
- Peppol
- Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Party Time in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-07-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Party Timedeed of 24-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-07-2023 (in Dutch)
Activities
NACEBEL 202543240
Other construction installation main activity
Codes under NACEBEL 2008
43299
Specialised construction activities main activity
77299
Rental and leasing activities
77392
Rental and leasing activities
81210
General cleaning of buildings
90023
Arts creation and performing arts activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “PatrimoniumBEHEER; Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen in de ruimste zin van het woord;alle…”deed of 24-07-2023 (in Dutch)
22 activities
- PatrimoniumBEHEER
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen in de ruimste zin van het woord;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenshuisinrichting en decoratie,de huur en verhuur,de ruil,ontwikkeling van onroerende goederen,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;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen in de ruimste zin van het woord;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht als-mede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Het verlenen van bijstand,advies en leiding aan bedrijven,privé-personen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,marketing (public relations en communicatie),productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.
- Overige zakelijke dienstverlening.
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarne-men of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande.Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar zaakvoerder of elke andere derde vertegenwoordiger,die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aande-len,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennoot-schappen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi)-publiekrechterlijk statuut;
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt,het op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren;
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit,alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen.
- Feestverhuur,zomer- en winterbar;
- Verhuur van tenten en feestmateriaal,licht- en geluidsinstallaties en andere producten en materialen;
- Verhuur van toiletwagens/dixies/sanitaire toestellen;
- Verhuur van feestmeubilair,keukenmateriaal,eetgerei,vaat- en glaswerk,tafels,stoelen,en dergelijke;
- Groot-en kleinhandel in dekzeilen,hoezen,parasols,tenten,enzovoort;
- Groot- en kleinhandel in horecamateriaal;
- Verhuur en operationele leasing zonder bedieningspersoneel van tenten voor tentoonstellingen,bedrijfsfeesten,concerten en dergelijke;
- Organisatie van diverse evenementen;
- Ruimingswerken en rioleringswerken;
- Industriële reiniging en reinigingswerken allerhande;
- Klusjesdiensten,onderhoudswerken en herstellingswerken aan gebouwen,wegen en tuinen;
- Het huren en verhuren,evenals het onderhoud van allerhande materialen,machines,alarm,kranen,stellingen,rollend materieel (licht en zwaar) land- en tuinbouwmachines,feestmaterialen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kalvariebergstraat 46B registered office 2440 Geel | 19-07-2023 | 2.352.540.802 |
Buildings and parcels at the address
- Ground area
- 2,030 m²
- Buildings
- 146 m²
- Volume, LiDAR
- 1,174 m³
- Tallest building
- 10.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13375N0439/00D000 | 2,030 m² | 1 · 146 m² | 10.5 m · 3 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.140.490