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 (-€14,894) and a net result of -€22,394.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 11 December 2023
- Supervising judge
- Marianne Marcelis
- Official Gazette
- 19-12-2023 (pdf) ↗search the document for 2023/148397
Deadlines
- Appeal or third-party opposition until
- passed on 3 January 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 10 January 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 January 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 11 December 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Anicet BaumAvenue Armand Huysmans 212, 1050 Ixellesavocat.baum@proximus.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€8,140
EBIT margin
-275.1%
Net result
-€22,394
Working capital
-€24,944
Balance-sheet composition
Assets €10,801
Fixed assets
€10,050
Current assets
€751
Key figures and ratios
EBITDA
-€19,044
Cash flow
-€19,044
Solvency
-137.9%
Current ratio
0.03
Debt to equity
-1.73
ROA
-207.3%
Debt
€25,695
Debt ≤ 1 year
€25,695
Staff costs
€0
Annual accounts
| Line | 2020 |
|---|---|
| Turnover70 | €8,140 |
| Goods, raw materials, services and sundry goods60/61 | €34,184 |
| Remuneration, social security and pensions62 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,350 |
| 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 | -€19,044 |
| Operating profit (loss)9901 | -€22,394 |
| Profit (loss) for the period before taxes9903 | -€22,394 |
| Profit (loss) for the period9904 | -€22,394 |
| Profit (loss) for the period to be appropriated9905 | -€22,394 |
| Line | 2020 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €10,801 | |
| Fixed assets21/28 | €10,050 | |
| Tangible fixed assets22/27 | €10,050 | |
| Furniture and vehicles24 | €10,050 | |
| 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 | €10,801 | |
| Equity10/15 | -€14,894 | |
| Contributions10/11 | €7,500 | |
| Capital10 | €0 | |
| Issued capital100 | €0 | |
| Uncalled capital101 | €0 | |
| Outside capital11 | €7,500 | |
| Other1109/19 | €7,500 | |
| Profit (loss) carried forward14 | -€22,394 | |
| Amounts payable17/49 | €25,695 | |
| Amounts payable within one year42/48 | €25,695 | |
| Trade debts44 | €23,738 | |
| Suppliers440/4 | €23,738 | |
| Other amounts payable47/48 | €1,957 | |
| Line | 2020 |
|---|---|
| Profit (loss) for the period9904 | -€22,394 |
| + Depreciation and write-downs630 | €3,350 |
| Operating cash flow (approximation) | -€19,044 |
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
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.