Financials
- Fiscal year
- 2024
- Total assets
- €123,218
- Profit
- €692
- Solvency
- -343.5%
Total assets▲ 85.7%
Net result
20182024
TIM TRADE
Judicial reorganisationSummary
The file of TIM TRADE contains 3 judicial reorganisation notices and 2 historical bankruptcy publications, as published in the Belgian State Gazette. The KBO register records for TIM TRADE the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (-€423,259) and a net result of €692. Equity is shrinking by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 26069 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 31 March 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260078
- Moratorium until
- 28 October 2026
- Creditors' vote
- 14 October 2026
- Delegated judge
- Stephane Mercier
- Official Gazette
- 28-04-2026 (pdf) ↗search the document for 2026/115220
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 28 October 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Other retail sale of new goods
NACE 47789Other retail sale of food NACE 47279NACE 47299
1 site
Size
€123,218total assets 2024
- Staff
- 11.8 FTE
- Equity
- -€423,259
- Profit
- €692
Turnover not published (abridged schema)
Financial health
16
Critical
Checked score 2024Reorganisation running: about 1 in 4 bankrupt within the year
Structure
Accounts 66 d overdue0 of 7 deeds read
Why 16- Weak solvency vs sector- In judicial reorganisationFiled after the deadlineShow the evidence
Checked score
Score 2024
16
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2023
Weak
Solvency
0=
equity -343.5% of total assets
Liquidity
10+10
short-term debt 256.9% · cash 8.4%
Profitability
36+36
return on assets 0.6%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.21 against 0.15 in 2023; short-term debt: 256.9% and cash: 8.4% of total assets), and equity is negative.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 26069 sector peers (2024).
NBB · sector comparisonPosition among 26069 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
59 d late
2022
24 d late
2021
25 d late
2019
77 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Filing of a new plan authorisedTribunal de l’entreprise francophone de…
- Filing of a new plan authorisedTribunal de l’entreprise francophone de…
- OpeningTribunal de l’entreprise francophone de…
Key points
- Risk: In judicial reorganisationcreditors: see the procedure below 31-03-2026 View
- Risk: Negative equityfiscal year 2024: debts exceed assets -€423,259 View
- Caution: Among the weakest 5% on solvencysector median 32.3% · 26,069 companies -343.5% View
- Positive: Back in profit in 2024after -€113,193 in 2023 €692 View
- Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
By topic
Timeline
- Events
- 17
- Since
- 2015
- 30-09-2026Filing of a new plan authorised
- 03-08-2026Filing of a new plan authorised
- 28-04-2026Opening
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other retail sale of new goodsNACE 47789
- Founded
- 20-12-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?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?Process a list How is the Other retail sale of new goods sector doing?Sector figures
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