THE TIME
Open bankruptcyA bankruptcy procedure is open for THE TIME according to publications in the Belgian State Gazette; curator: ANICET BAUM.
Summary
The 2020 annual accounts show negative equity (€-15k) and a net result of €-22k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€8k
EBIT margin
-275.1%
Net result
€-22k
Working capital
€-25k
Balance-sheet composition
Assets €11k
Fixed assets
€10k
Current assets
€751
Key figures and ratios
EBITDA
€-19k
Cash flow
€-19k
Solvency
-137.9%
Current ratio
0.03
Debt to equity
-1.73
ROA
-207.3%
Debt
€26k
Debt ≤ 1 year
€26k
Staff costs
€0
Filed annual accounts As filed with the NBB · 2020 · 36 lines
Balance sheet
Code2020
Assets
Total assets20/58€11k
Fixed assets21/28€10k
Tangible fixed assets22/27€10k
Furniture and vehicles24€10k
Current assets29/58€751
Amounts receivable within one year40/41€631
Other amounts receivable41€631
Cash at bank and in hand54/58€120
Equity and liabilities
Total equity and liabilities10/49€11k
Equity10/15€-15k
Contributions10/11€8k
Capital10€0
Issued capital100€0
Uncalled capital101€0
Outside capital11€8k
Other1109/19€8k
Profit (loss) carried forward14€-22k
Amounts payable17/49€26k
Amounts payable within one year42/48€26k
Trade debts44€24k
Suppliers440/4€24k
Other amounts payable47/48€2k
Income statement
Code2020
Turnover70€8k
Goods, raw materials, services and sundry goods60/61€34k
Remuneration, social security and pensions62€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0
Provisions for liabilities and charges: additions (uses and reversals)635/8€0
Other operating charges640/8€0
Non-recurring operating charges66A€0
Gross operating margin9900€-19k
Operating profit (loss)9901€-22k
Profit (loss) for the period before taxes9903€-22k
Profit (loss) for the period9904€-22k
Profit (loss) for the period to be appropriated9905€-22k
Appropriation of the result
Profit (loss) to be appropriated9906€-22k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 |
|---|---|
| Turnover70 | €8k |
| Goods, raw materials, services and sundry goods60/61 | €34k |
| Remuneration, social security and pensions62 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 |
| Other operating charges640/8 | €0 |
| Non-recurring operating charges66A | €0 |
| Gross operating margin9900 | €-19k |
| Operating profit (loss)9901 | €-22k |
| Profit (loss) for the period before taxes9903 | €-22k |
| Profit (loss) for the period9904 | €-22k |
| Profit (loss) for the period to be appropriated9905 | €-22k |
| Line | 2020 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €11k | |
| Fixed assets21/28 | €10k | |
| Tangible fixed assets22/27 | €10k | |
| Furniture and vehicles24 | €10k | |
| Current assets29/58 | €751 | |
| Amounts receivable within one year40/41 | €631 | |
| Other amounts receivable41 | €631 | |
| Cash at bank and in hand54/58 | €120 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €11k | |
| Equity10/15 | €-15k | |
| Contributions10/11 | €8k | |
| Capital10 | €0 | |
| Issued capital100 | €0 | |
| Uncalled capital101 | €0 | |
| Outside capital11 | €8k | |
| Other1109/19 | €8k | |
| Profit (loss) carried forward14 | €-22k | |
| Amounts payable17/49 | €26k | |
| Amounts payable within one year42/48 | €26k | |
| Trade debts44 | €24k | |
| Suppliers440/4 | €24k | |
| Other amounts payable47/48 | €2k | |
| Line | 2020 |
|---|---|
| Profit (loss) for the period9904 | €-22k |
| + Depreciation and write-downs630 | €3k |
| Operating cash flow (approximation) | €-19k |
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
2023
19-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 11-12-2023
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 318 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2020
Ground area
432 m²
Building footprint
290 m²
Volume, LiDAR
5,722 m³
2 parcels, Brussels · tallest building 29.6 m, ±9 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
SAHARA GOLD
since 20202.301.243.143
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1438/00R000 | Brussels | 328 m² | 1 · 185 m² | 29.6 m · 9 fl. |
| 21902A0448/00B002 | Brussels | 104 m² | 1 · 104 m² | 19.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 IXELLES |
11-12-2023 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.