Time 2 Drive
ActiveSummary
The computed 12-month bankruptcy probability of Time 2 Drive is 3.1% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €-46k. Equity is shrinking by ~69.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 18280 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-64
Solvency23▼-10
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 1.06 in 2024; short-term debt: 100.9% and cash: 56.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
-10.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.29M
EBIT margin
-3.4%
Net result
€-46k
2024 · €7k
2023: €8k
2024: €7k
2023 → 2025
Working capital
€-45k
2024 · €24k
2023: €28k
2024: €24k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€1.29M
Equity€28k-€35k▲ 24.7%€-11k
Operating result€11k-€10k▼ 11.2%€-44k
Net result€8k-€7k▼ 11.9%€-46k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €438k
Fixed assets
€41k ▲ 269%
Current assets
€397k ▼ 7.3%
Key figures and ratios
EBITDA
€-38k▼
2024 · €10k
Cash flow
€-39k▼
2024 · €8k
Solvency
-2.5%▼
2024 · 7.9%
Current ratio
0.90▼
2024 · 1.06
Quick ratio
0.72▼
2024 · 0.76
Debt to equity
-41.42▼
2024 · 11.67
ROA
-10.4%▼
2024 · 1.6%
Interest coverage
-23.45▼
2024 · 46.79
Debt
€449k▲
2024 · €405k
Debt ≤ 1 year
€442k▲
2024 · €405k
Debt > 1 year
€6k
Income taxes
€0▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€440k€438k▼
Fixed assets21/28€11k€41k▲
Intangible fixed assets21-€4k
Tangible fixed assets22/27€11k€37k▲
Plant, machinery and equipment23€3k€11k▲
Furniture and vehicles24€8k€11k▲
Other tangible fixed assets26-€14k
Financial fixed assets28€543€0▼
Current assets29/58€429k€397k▼
Stocks and contracts in progress3€121k€77k▼
Stocks30/36€121k€77k▼
Amounts receivable within one year40/41€13k€59k▲
Trade receivables40€13k€58k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€286k€246k▼
Deferred charges and accrued income490/1€9k€15k▲
Equity and liabilities
Total equity and liabilities10/49€440k€438k▼
Equity10/15€35k€-11k▼
Contributions10/11€20k€20k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14-€-46k
Amounts payable17/49€405k€449k▲
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€405k€442k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€33k€44k▲
Suppliers440/4€33k€44k▲
Advances received on contracts in progress46€18k€0▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€346k€390k▲
Accrued charges and deferred income492/3€157€550▲
Income statement
Code20242025
Turnover70-€1.29M
Non-recurring operating income76A-€0
Goods, raw materials, services and sundry goods60/61-€1.32M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€694€6k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€13k€-32k▼
Operating profit (loss)9901€10k€-44k▼
Financial income75/76B€3€27▲
Recurring financial income75€3€27▲
Financial charges65/66B€222€2k▲
Recurring financial charges65€222€2k▲
Profit (loss) for the period before taxes9903€9k€-46k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€7k€-46k▼
Profit (loss) for the period to be appropriated9905€7k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-46k▼
Transfer to equity691/2€7k€0▼
To other reserves6921€7k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-46k ▼762%
Net result drops to €-46k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wavre · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Fleming 321300 WavreGround area
2,163 m²
Building footprint
987 m²
Parcel 25112C0113/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Time 2 Drive
since 20232.345.430.009
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0113/00C000 | Wallonia | 2,163 m² | 1 · 987 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BENEDU Trucks
BE 0724.689.671
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1,DEUX,3,CARS
BE 0839.970.510
Aiseau-Presles · Eq €35,567
Auto Performance
BE 0724.579.310
Braine-l'Alleud · Eq €35,833
Matthijs Debaeke
BE 0645.755.526
Nieuwpoort · Eq €33,347
BELUX GROUP
BE 0755.552.596
Antwerpen · Eq €36,757
Of 345 companies in sector 47812 we hold annual accounts for 205. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2023
Fiscal year end31-12
Abbreviation FR
T2D
Activities, NACEBEL 2025
47812Retail trade
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.time2drive.be