TIME
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TIME has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200,345 and a net result of €24,746. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 54% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 10-03-2000 Normal situation
- Legal form
- Private limited company
- Registered office
- Waterkasteellaan 15, 8421 De Haan
- Activity
- Joinery installation NACE 43320and 1 other
- Establishment unit
- 2.099.641.808 8421 De Haan, since 03-07-2000
- Financial year end
- 31 March
- Peppol
- Reachable since 30-04-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €57,148
- ▲ 10.3%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €24,746
- ▲ 8.9%
- Equity
- €200,345
- ▲ 14.1%
- Total assets
- €397,214
- ▲ 39.1%
Why 82raises riskFigures for financial year 2025 (filed 04-11-2025)Sector: Specialised construction activities (NACE 43)lowers riskEquity €200,345 (50.4% of total assets)Founded in 2000Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 55% on solvency, 58% on liquidity, 52% on profitability and 61% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 9 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
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Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 29-10-2025
- Format
- micro format
- Reference
- 2025-00560868
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 14% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,775 | €11,244 | €11,244 | €11,118 | €11,118 | €13,018 | €13,287 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €2,490 | €3,628 | €3,033 | €3,225 | ▲ 6.4% |
| Gross operating margin9900 | €36,127 | €37,523 | €28,567 | €41,271 | €51,344 | €51,794 | €57,148 | ▲ 10.3% |
| Operating profit (loss)9901 | €22,253 | €24,037 | €14,949 | €27,663 | €36,598 | €35,743 | €40,636 | ▲ 13.7% |
| Financial charges65/66B | - | - | - | €4,421 | €3,402 | €3,620 | €4,365 | ▲ 20.6% |
| Recurring financial charges65 | €5,116 | €4,932 | €4,624 | €4,421 | €3,402 | €3,620 | €4,365 | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €17,138 | €19,104 | €10,325 | €23,242 | €33,196 | €32,123 | €36,271 | ▲ 12.9% |
| Income taxes67/77 | €6,148 | €6,986 | €3,275 | €7,388 | €10,551 | €9,409 | €11,526 | ▲ 22.5% |
| Profit (loss) for the period9904 | €10,990 | €12,119 | €7,050 | €15,854 | €22,645 | €22,714 | €24,746 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €10,990 | €12,119 | €7,050 | €15,854 | €22,645 | €22,714 | €24,746 | ▲ 8.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €268,789 | €277,078 | €271,357 | €269,439 | €261,237 | €285,508 | €397,214 | ▲ 39.1% |
| Fixed assets21/28 | €253,245 | €241,981 | €230,737 | €219,619 | €201,012 | €209,118 | €346,094 | ▲ 65.5% |
| Tangible fixed assets22/27 | €253,150 | €241,906 | €230,662 | €219,544 | €200,937 | €209,043 | €346,019 | ▲ 65.5% |
| Land and buildings22 | - | - | - | €219,544 | €200,937 | €193,717 | €330,782 | ▲ 70.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €15,325 | €14,531 | ▼ 5.2% |
| Furniture and vehicles24 | - | - | - | - | - | - | €706 | - |
| Financial fixed assets28 | €95 | €75 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €15,543 | €35,097 | €40,620 | €49,820 | €60,225 | €76,390 | €51,120 | ▼ 33.1% |
| Amounts receivable within one year40/41 | €12,009 | €8,456 | €6,353 | €9,215 | €8,781 | €11,415 | €9,984 | ▼ 12.5% |
| Trade receivables40 | - | - | - | €7,489 | €8,776 | €9,819 | €9,984 | ▲ 1.7% |
| Other amounts receivable41 | - | - | - | €1,725 | €5 | €1,596 | - | - |
| Cash at bank and in hand54/58 | €1,397 | €25,491 | €32,152 | €39,865 | €50,076 | €63,668 | €38,723 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | - | - | €740 | €1,369 | €1,307 | €2,414 | ▲ 84.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €268,789 | €277,078 | €271,357 | €269,439 | €261,237 | €285,508 | €397,214 | ▲ 39.1% |
| Equity10/15 | €95,218 | €107,336 | €114,387 | €130,241 | €152,886 | €175,600 | €200,345 | ▲ 14.1% |
| Contributions10/11 | €18,750 | €18,750 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €76,108 | €88,226 | €95,277 | €111,131 | €133,776 | €156,490 | €181,235 | ▲ 15.8% |
| Non-distributable reserves130/1 | - | - | - | €1,875 | €1,875 | - | - | - |
| Other1319 | - | - | - | €1,875 | €1,875 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | - | - | - | €89,256 | €111,901 | €136,490 | €161,235 | ▲ 18.1% |
| Profit (loss) carried forward14 | €360 | €360 | €360 | €360 | €360 | €360 | €360 | = |
| Amounts payable17/49 | €173,571 | €169,742 | €156,970 | €139,198 | €108,351 | €109,908 | €196,868 | ▲ 79.1% |
| Amounts payable after more than one year17 | €139,717 | €130,826 | €121,696 | €112,321 | €77,694 | €78,623 | €142,050 | ▲ 80.7% |
| Financial debts170/4 | - | - | - | €112,321 | €77,694 | €78,623 | €142,050 | ▲ 80.7% |
| Amounts payable within one year42/48 | €24,667 | €27,969 | €35,274 | €24,579 | €28,987 | €28,968 | €50,418 | ▲ 74.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,375 | €9,627 | €12,856 | €31,991 | ▲ 149% |
| Trade debts44 | €3,009 | €3,185 | €3,198 | €3,282 | €3,547 | €3,808 | €4,090 | ▲ 7.4% |
| Suppliers440/4 | - | - | - | €3,282 | €3,547 | €3,808 | €4,090 | ▲ 7.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €110 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,364 | €6,265 | €2,116 | €4,294 | ▲ 103% |
| Taxes450/3 | - | - | - | €3,364 | €6,265 | €2,116 | €4,294 | ▲ 103% |
| Other amounts payable47/48 | - | - | - | €8,558 | €9,547 | €10,078 | €10,044 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | - | - | €2,298 | €1,670 | €2,317 | €4,400 | ▲ 89.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,990 | €12,119 | €7,050 | €15,854 | €22,645 | €22,714 | €24,746 | ▲ 8.9% |
| + Depreciation and write-downs630 | €11,775 | €11,244 | €11,244 | €11,118 | €11,118 | €13,018 | €13,287 | ▲ 2.1% |
| Operating cash flow (approximation) | €22,764 | €23,363 | €18,294 | €26,972 | €33,763 | €35,732 | €38,033 | ▲ 6.4% |
| Investment in fixed assets (approximation) | - | €20 | €0 | €0 | €7,489 | -€21,124 | -€150,263 | ▼ 611% |
| Change in cash | - | €24,094 | €6,661 | €7,714 | €10,210 | €13,592 | -€24,946 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 29-10-2025 | 2025-00560868 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00517979 | |
| 31-03-2023 | micro format | 02-10-2023 | 2023-00470439 | |
| 31-03-2022 | micro format | 30-10-2022 | 2022-20477608 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-74900035 | |
| 31-03-2020 | micro format | 16-10-2020 | 2020-62600072 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72500040 | |
| 31-03-2018 | micro format | 30-10-2018 | 2018-71300234 | |
| 31-03-2017 | micro format | 30-10-2017 | 2017-68500449 | |
| 31-03-2016 | abbreviated format | 28-10-2016 | 2016-67000434 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Veerle BAECKE |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan”
Articles of association, deed of 22-09-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 22-09-2023 Converted to unavailable equity · €20,625
Shares according to the articles of association
- Membership ruleWho can become a member or partner, and on what terms.
- “Aandelen van uitgesloten aandeelhouder worden vernietigd, wettige reden”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Niet meer dan netto-actief waarde van die aandelen zoals blijkt uit laatste goedgekeurde jaarrekening, aandeelhouders hebben recht uit te…”Other provision: “Uitsluiting om wettige reden, wettige reden”Other provision: “Bestemming winst-reserves, helft gereserveerd,helft uitgekeerd”Liquidation distribution: “Goederen nog in natura opzelfde wijze verdeeld, na aanzuivering schulden,lasten,kosten vereffening of consignatie nodige sommen”1 more provision in the deed, see the deed of 22-09-2023
Articles of association, deed of 22-09-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-09
Gazette deed
Amendment of the articles · Legal-form change · Name · Resignations & appointmentsAppointment: Veerle BAECKE (director) · Incorporation · Capital conversion14 facts ▸
- General meeting, 13-09-2023
- Incorporation, 06-03-2000
- Other provision, “afschaffing nominale waarde en omzetting in aandelen zonder vermelding van waarde, aanduiding nominale waarde afgeschaft,omgezet in aandelen zonder vermelding v…” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, artikel 39,§1,eerste en derde lid van de wet van 23-03-2019” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “verslag bestuursorgaan overeenkomstig artikel 5:101 WVV over voorgestelde voorwerpwijziging, aandeelhouders” (deed in Dutch)
- Purpose change
- Transfer restriction, “overdrachtsregeling van aandelen aangepast, artikel 10 van de nagemelde statuten” (deed in Dutch)
- Amendment of the articles
- Power of attorney
- Power of attorney, Luc DEHAENE
- +2 further facts in this act
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0471.405.944
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven, het aanhouden en beheren van vermogens zowel van roerende als van onroerende aard; Het kopen, verkopen, beheren, huren…”
12 activities
- Het verwerven, het aanhouden en beheren van vermogens zowel van roerende als van onroerende aard;
- Het kopen, verkopen, beheren, huren, verhuren, in leasing geven of nemen, bouwen of laten bouwen, herstellen of onderhouden van alle onroerende goederen, van outillering en uitrusting. Zij mag zakelijke rechten op onroerende goederen, onder meer deze van erfpacht en opstal, verwerven, bezitten of toestaan;
- Consultancy en dienstverlening inzake administratief, commercieel, strategisch, technisch en financieel management. Inzake technisch management en diverse technische aangelegenheden; inzake informatica en automatisering; inzake kwaliteit, milieu, veiligheid, energie, duurzaam ondernemen; inzake productmanagement, design en vormgeving; inzake PR, publiciteit en marketing; inzake de administratieve organisatie en de implementatie van bedrijfsprocessen;
- Het besturen van vennootschappen en verenigingen, met name de deelname aan en de bijstand bij het beheer, bestuur en management van vennootschappen, ongeacht hun doel en activiteit, via de uitoefening van de functie van bestuurder, gedelegeerd bestuurder, directeur, directeur-generaal, manager, en van alle andere topfuncties die door de vennootschap op grond van een overeenkomst aan een zelfstandige manager kunnen worden uitbesteed;
- De vennootschap mag alle burgerlijke, commerciële, industriële en financiële activiteiten en alle onroerend en roerend goed verhandelingen uitvoeren, die rechtstreeks of onrechtstreeks betrekking hebben op – ten exemplatieve titel – het aankopen, het bouwen, het oprichten, het verkavelen, het ruilen, het uitrusten, het opschikken, het verbouwen, het huren, het verhuren, het vervreemden en het vestigen van alle zakelijke rechten. Het beheer van onroerende goederen kan gebeuren alleen of in participatie, voor eigen rekening;
- Het beleggen van beschikbare middelen in roerende goederen en waarden en het beheer van beleggingen en vermogens, zonder evenwel die handelingen van vermogensbeheer te stellen waarvoor krachtens bijzondere wetgeving bijkomende voorwaarden worden gesteld, en waarvoor onder meer de vorm van een naamloze vennootschap en een hoger kapitaal is vereist;
- Het verwerven, te gelde maken, inbrengen, afstaan en verhandelingen door uitgiften of andere middelen van alle soorten marktwaarden, aandelen of obligaties, van participaties of belangen onder gelijk welke vorm in de Belgische of buitenlandse vennootschappen, bestaande of op te richten, waarvoor in de wetgeving geen bijkomende bijzondere eisen zijn opgelegd.
- De vennootschap kan daarenboven belangen nemen hetzij door deelneming, inbreng of op elke andere wijze, in alle vennootschappen, ondernemingen, syndicaten of groeperingen, bestaan of op te richten, zowel in België als in het buitenland die een gelijkluidend, soortgelijk of aanvullend voorwerp nastreven of die van aard zijn de ontwikkeling in haar onderneming te bevorderen.
- De vennootschap zal bij middel van inbreng, versmelting, inschrijving of op om het even welke wijze mogen deelnemen aan alle ondernemingen, verenigingen, vennootschappen, die een gelijkaardig of bijhorend voorwerp nastreven of die eenvoudig nuttig zijn tot de gehele of gedeeltelijke verwezenlijking van haar voorwerp.
- De vennootschap kan eveneens optreden als bestuurder, volmachtdrager, mandataris of vereffenaar in andere vennootschappen of ondernemingen. In dat geval zullen de terzake geldende wettelijke bepalingen dienen nageleefd te worden.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- De vennootschap kan in het algemeen alle commerciële, industriële, financiële, roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken, te bevorderen of uit te breiden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIME
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of September at 14:00
Articles of association, deed of 22-09-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35021B0006/00C041 ProtectedTownscape or village viewDe Haan Concessie: uitbreiding tot hele vroegere ConcessieSource ↗ |
Flanders | 413 m² | 1 · 88 m² | 13.1 m · 3 |
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.