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SECOND TIME

Inactive KBO/BCE: BE 0832.085.004
SECOND TIME
Follow Report

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €42,862 (2016)
€36,267▼ 1.8%
lowest -€18,802 (2011)
€6,062▼ 20.6%
peak -€6,402 (2011)
-€8,415▲ €6,062
€110,899▲ 34.4%
peak 4.2 FTE (2016)
1.2 FTE▼ 71.4%
Documentsfilings and deeds
08-09-2020405 days late
2018micro format
Turnover from €108,748 to €75,849Staff from 4.2 FTE to 1.2 FTEEquity from -€14,476 to -€8,415Debts from €82,529 to €110,899

Key points

from the 2018 annual accounts, the last ones filed

Debts

€110,899 108% of the balance sheet
After one year 10%Within one year 90%

Of this, €99,719 falls due within a year.

Filings

8 annual accounts 4 late
AprilJune31 JulyOctober2015

The 2017 accounts came latest: 770 days after the end of the period.

No score

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Ghent division · judgment of 19-12-2023 · Bankruptcy
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 12-08-2022 · Bankruptcy
Incorporation 7 publications in the Belgian Official Gazette, the last on 07-08-2017 · Gazette deed
All 14 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 30-12-2010 · bankruptcy closed on 19-12-2023
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2018

€75,849
€6,062
-€8,415
€102,484
1.2 FTE
Filing
Filed on 08-09-2020
Financials

Insights on SECOND TIME

On 12 August 2022 the court declared SECOND TIME bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2018

micro format, filed on 08-09-2020, 405 days late
€75,849
▼ 30.3%
€9,724
▼ 1.7%
€11,024
▼ 1.5%
€7,362
▼ 17.6%
-8.2%
▲ 13.1 percentage points
0.99
▲ 0.10

Money flows

of every €100 of turnover, €7.99 remains as profit in 2018

Balance sheet

balance sheet total €102,484 on 31-12-2018
What the company ownsHow it is paid for

in euro

in euro

Staff

€9,992

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2018, 6 people joined and 6 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20182017201620152014201320122011
Balance sheet: assets
20/58 102,48468,05228,80910,0533,5411,5868,0651,835
21/28 3,7654,6965,9968551,2091,253733809
21 2,6003,9005,200-----
22/27 ---124638790282378
23 ---124638790282378
28 1,165796796731571463451431
29/58 98,71963,35622,8139,1982,3323337,3321,026
40/41 88,61253,5438,688181842211,1921,023
40 30,239-7,663-175---
41 58,37353,5431,0251892211,1921,023
54/58 9,5359,81314,1259,1802,1481125,1403
490/1 572-----1,000-
Balance sheet: equity and liabilities
10/49 102,48468,05228,80910,0533,5411,5868,0651,835
10/15 -8,415-14,476-22,111-23,633-18,396-18,573-23,503-6,402
10/11 12,40012,40012,40012,40012,40012,40012,40012,400
100 18,60018,60018,60018,60018,60018,60018,60018,600
101 6,2006,2006,2006,2006,2006,2006,2006,200
14 -20,815-26,876-34,511-36,033-30,796-30,973-35,903-18,802
17/49 110,89982,52950,92033,68621,93720,15931,5688,237
42/48 99,71971,34939,74022,50620,43719,45931,5688,237
42 9,9999,999------
43 --13,9995,0001,2861,050-52
430/8 ----1,2861,050-52
439 --13,9995,000----
44 13,6243,61712,5989,5663,6795,4354,1212,907
440/4 13,6243,61712,5989,5663,6795,4354,1212,907
46 1,9001,9001,900-----
45 33,99020,8709,4373,0098,1798,5867,7214,973
450/3 3,7372,0496,7902,6826,2408,0106,2442,056
454/9 30,25318,8202,6473271,9395761,4772,917
47/48 40,20734,9641,8064,9317,2934,38819,726305
492/3 11,18011,18011,18011,1801,500700--
Income statement
70 75,849108,748------
9900 36,26736,93142,8623,68814,24018,328-8,7482,922
60/61 39,58271,817------
62 11,99025,22837,3514,4259,0169,0137,15118,446
630 1,3001,3001,42451452339996105
640/8 4,0035141,3023,6143,7242,9922692,620
66A 9,250-------
9901 9,7249,8892,785-4,8659775,924-16,264-18,249
75/76B -65---28-1
75 -65---28-1
65/66B 1,9752,3191,263372800427837554
65 1,9752,3191,263372800427837554
9903 7,7497,6351,522-5,2371775,525-17,101-18,802
67/77 1,688----595--
9904 6,0627,6351,522-5,2371774,930-17,101-18,802
9905 6,0627,6351,522-5,2371774,930-17,101-18,802
Appropriation of the result
9906 -20,815-26,876-34,511-36,033-30,796-30,973-35,903-18,802
Social balance sheet
9087 1.24.24.20.70.70.60.70.5
Hours worked1013 5561,7121,712257515440409905
Document PDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2018 (PDF), filed on 08-09-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2018 annual accounts filed 405 days after the deadline. Filed on 8 September 2020, deadline 31 July 2019 (7 months after the close on 31 December 2018, Companies Code art. 3:10). Source: NBB, 2020-52100089.

Financial year Type Filed Reference Document
31-12-2018 micro format 08-09-2020 2020-52100089 PDF
31-12-2017 micro format 08-09-2020 2020-52100140 PDF
31-12-2016 micro format 31-08-2017 2017-58500142 PDF
31-12-2015 abbreviated format 16-06-2016 2016-18500244 PDF
31-12-2014 abbreviated format 23-06-2015 2015-20500261 PDF
31-12-2013 abbreviated format 19-06-2014 2014-19300079 PDF
31-12-2012 abbreviated format 18-11-2013 2013-66300047 PDF
31-12-2011 abbreviated format 18-06-2012 2012-18600333 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20182017201620152014201320122011
11,02411,1894,209-4,3511,5006,323-16,168-18,144
7,3628,9352,946-4,7237005,329-17,005-18,697
36906,56516047991920914
-278-4,3124,9457,0322,036-5,0285,137-
-1,000-7,993-16,927-13,308-18,105-19,126-24,236-7,211
12.8%9.1%------
-8.2%-21.3%-76.8%-235.1%---291.4%-
0.990.890.570.41--0.23-
5.9%11.2%5.3%-52.1%---212.0%-
146 days180 days------
126 days18 days------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Insights on SECOND TIME

The operating result for 2018 is 2% lower than in 2017.

Equity is negative. Debt (€110,899) exceeds the balance-sheet total (€102,484).

Board & ownership

Curator

1 mandate
Geert Defreyne
Curator, met kantoor te 9000 Gent, Kortrijksesteenweg 361
from 12-08-2022 to 19-12-2023
Also on 115 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€12,400
Source
2018 annual accounts

Office holders in the KBO →

Timeline

Timeline

14 events since 2010
2023
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Ghent division · judgment of 19-12-2023
2022
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 12-08-2022
2020
Annual accounts 2017 filed PDFmicro format · 770 days late
Annual accounts 2018 filed PDFmicro format · 405 days late
2017
Highest result from 2011 to 2018 net €7,635 ▲402% The operating result of €9,889 and the net result of €7,635 are both a record.
Annual accounts 2016 filed PDFmicro format · 31 days late
2016
Back to profit net €1,522 The net result is €1,522, after one loss-making year.
Annual accounts 2015 filed PDFabbreviated format · 45 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 38 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 42 days before the deadline
2013
Back to profit net €4,930 The net result is €4,930, after 2 loss-making years.
Annual accounts 2012 filed PDFabbreviated format · 110 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 43 days before the deadline
2010
Incorporation PDF7 publications in the Belgian Official Gazette, the last on 07-08-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SECOND TIME has filed 8 sets of annual accounts, the latest for financial year 2018.1 The company was declared bankrupt on 12 August 2022. The bankruptcy was closed on 19 December 2023.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian Official Gazette, 25-08-2022
  3. 3Belgian Official Gazette, 28-12-2023

Company details

Inactive

SECOND TIME is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2018
Last registered office
Kortrijksesteenweg 1226, 9051 Sint-Denijs-Westremas published on 7 August 2017
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2011
Official KBO record

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