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TIM TRADE

Special situation
Private limited companyfounded 2012active for 13 yearsLesbroussartstraat 35, 1050 Elsene, BelgiumKBO/BCE: BE 0508.614.550
Summary

The file of TIM TRADE contains 4 judicial reorganisation notices and 2 historical bankruptcy publications, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of TIM TRADE as special situation, with 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, of which €57,549 non-recurring income. Equity is shrinking by about 25% per year across the filed financial years. Its solvency ranks better than 5% of 25,567 sector peers (NACE 47, financial year 2024).

History

On 20 December 2012, TIM TRADE was incorporated.1 Total assets went from €163,858 in 2018 to €123,218 in 2024 and headcount from 0.3 to 11.8 full-time equivalents.2 The company was declared bankrupt on 11 December 2023.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2024
  3. 3Belgian Official Gazette, 19-12-2023

Acts, filings and financial milestones

2026
29-10
Judicial reorganisation Plan homologation
French-language Enterprise Court of Brussels · judgment of 21-10-2026
30-09
Judicial reorganisation Filing of a new plan authorised
French-language Enterprise Court of Brussels · collective agreement · judgment of 16-09-2026
03-08
Judicial reorganisation Filing of a new plan authorised
French-language Enterprise Court of Brussels · collective agreement · judgment of 28-07-2026
28-04
Judicial reorganisation Opening
French-language Enterprise Court of Brussels · collective agreement (SME) · judgment of 31-03-2026
2025
11-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 11 days late
2024
31-12
Financial Back to profitnet €692
Net result €692 after 5 loss-making years.
28-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 59 days late
05-09
Gazette deed Resignation: ABEBE Hailelioul (manager)
Reappointment: ABEBE Hailelioul (director) · Amendment of the articles · Capital conversion7 facts ▸
  • Other provision, 02-05-2024
  • General meeting, 25-04-2024
  • Amendment of the articles (2 times)
  • Capital conversion, “fonds disponibles pour distribution” (deed in French)
  • Director resignation, ABEBE Hailelioul (manager)
  • Director reappointment, ABEBE Hailelioul (director)
  • Power of attorney
19-02
Bankruptcy Bankruptcy reversal
French-language Enterprise Court of Brussels · judgment of 29-01-2024
2023
31-12
Financial Weakest financial yearnet -€113,193
Net result drops to -€113,193, the lowest in the series; recovery starts the following year.
19-12
Bankruptcy Opening
French-language Enterprise Court of Brussels · judgment of 11-12-2023
24-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 24 days late
Show earlier events
21-02
Gazette deed Resignation: François Liénard (director)
Appointment: Hailelioul Abebe (director)3 facts ▸
  • General meeting, 27-11-2022
  • Director resignation, François Liénard (director)
  • Director appointment, Hailelioul Abebe (director)
2022
25-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 25 days late
2020
16-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 77 days late
2019
30-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 30 days late
2018
21-03
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 31 days late
2016
13-09
NBB filing Annual accounts filed
financial year 2015 · full format · 44 days late
2015
30-09
NBB filing Annual accounts filed
financial year 2014 · full format · 61 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
2 of 7 deeds read
About the unread acts

Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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