TIME 2 WINE

Active

Private limited companyfounded 201115 yrs activeVeldekensstraat 12, 9070 Destelbergen, BelgiumKBO/BCE: BE 0833.296.811

TIME 2 WINE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €215k and a net result of €58k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Watch Print / PDF

Checked score

Score 2024

79 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability88▲+18

Solvency84▲+12

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €16k at 30 days acceptable

Liquidity ample (current ratio 2.57 against 1.98 in 2023; short-term debt: 35.5% and cash: 26.1% of total assets), and 41.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 filings

Deviation from the deadline

2025

not confirmed

2024

71 d late

2023

69 d late

2022

31 d early

2021

38 d early

2020

16 d early

2019

15 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€215k▲ 25.8%

2023 · €171k

2018: €77k 2019: €69k 2020: €115k 2021: €131k 2022: €166k 2023: €171k

2018 → 2024

Total assets

€365k▲ 0.2%

2023 · €365k

2018: €256k 2019: €277k 2020: €191k 2021: €197k 2022: €357k 2023: €365k

2018 → 2024

Net result

€58k▲ 1,046%

2023 · €5k

2018: €18k 2019: €-7k 2020: €46k 2021: €17k 2022: €43k 2023: €5k

2018 → 2024

Working capital

€203k▲ 28.1%

2023 · €159k

2018: €68k 2019: €63k 2020: €112k 2021: €131k 2022: €152k 2023: €159k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€115k-€131k▲ 14.4%€166k▲ 26.1%€171k▲ 3.0%€215k▲ 25.8%

Operating result€61k-€22k▼ 63.4%€62k▲ 175%€10k▼ 83.3%€89k▲ 764%

Net result€46k-€17k▼ 63.6%€43k▲ 158%€5k▼ 88.2%€58k▲ 1,046%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 764% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €365k

91.1%

Fixed assets €33k▼ 26.5%

Current assets €333k▲ 3.9%

Equity and liabilities €365k

58.9%

41.1%

Equity €215k▲ 25.8%

Debt €150k▼ 22.4%

The debt ratio falls from 53.1% to 41.1%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€101k▲

2023 · €23k

Cash flow

€69k▲

2023 · €18k

Solvency

58.9%▲

2023 · 46.9%

Current ratio

2.57▲

2023 · 1.98

Quick ratio

2.57▲

2023 · 1.98

Debt / equity

0.70▼

2023 · 1.13

ROE

26.8%▲

2023 · 2.9%

ROA

15.7%▲

2023 · 1.4%

Interest coverage

50.06▲

2023 · 10.06

Debt

€150k▼

2023 · €194k

Debt ≤ 1 year

€130k▼

2023 · €162k

Debt > 1 year

€21k▼

2023 · €32k

Income taxes

€30k▲

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€365k€365k▲

Fixed assets21/28€44k€33k▼

Tangible fixed assets22/27€44k€32k▼

Plant, machinery and equipment23€2k€1k▼

Leasing and similar rights25€43k€31k▼

Financial fixed assets28€230€230=

Current assets29/58€320k€333k▲

Amounts receivable within one year40/41€205k€234k▲

Trade receivables40€199k€234k▲

Other amounts receivable41€6k€455▼

Cash at bank and in hand54/58€114k€96k▼

Deferred charges and accrued income490/1€1k€3k▲

Equity and liabilities

Total equity and liabilities10/49€365k€365k▲

Equity10/15€171k€215k▲

Contributions10/11€50k€50k=

Reserves13€113k€155k▲

Distributable reserves133€113k€155k▲

Profit (loss) carried forward14€8k€10k▲

Amounts payable17/49€194k€150k▼

Amounts payable after more than one year17€32k€21k▼

Financial debts170/4€32k€21k▼

Amounts payable within one year42/48€162k€130k▼

Current portion of amounts payable after more than one year42€11k€11k▲

Trade debts44€111k€21k▼

Suppliers440/4€111k€21k▼

Advances received on contracts in progress46-€91

Taxes, remuneration and social security45€17k€61k▲

Taxes450/3€17k€61k▲

Other amounts payable47/48€23k€36k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼

Other operating charges640/8€3k€3k▲

Gross operating margin9900€26k€103k▲

Operating profit (loss)9901€10k€89k▲

Financial income75/76B€880€209▼

Recurring financial income75€880€209▼

Financial charges65/66B€4k€2k▼

Recurring financial charges65€2k€2k▼

Non-recurring financial charges66B€1k€0▼

Profit (loss) for the period before taxes9903€8k€87k▲

Income taxes67/77€3k€30k▲

Profit (loss) for the period9904€5k€58k▲

Profit (loss) for the period to be appropriated9905€5k€58k▲

Appropriation of the result

Profit (loss) to be appropriated9906€8k€65k▲

Profit (loss) brought forward from the previous period14P€3k€8k▲

Transfer from equity791/2-€13k

Transfer to equity691/2-€55k

To other reserves6921-€55k

Profit to be distributed694/7-€13k

Return on contributions (dividend)694-€13k

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

2025

10-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 71 days late

2024

31-12

Financial Highest result since 2018net €58k ▲1046%

Operating result €89k, net result €58k, both a record.

31-12

Financial Equity above €200kEq €215k ▲25.8%

5 profitable years in a row build equity to €215k.

08-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 69 days late

2023

30-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €150kEq €166k ▲26.1%

3 profitable years in a row build equity to €166k.

23-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

15-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €46k

Net result €46k after one loss-making year.

31-12

Financial Equity above €100kEq €115k ▲65.6%

Equity rises from €69k to €115k.

16-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Weakest financial yearnet €-7k ▼140%

Net result drops to €-7k, the lowest in the series; recovery starts the following year.

16-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

11-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

06-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

29-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Destelbergen · 3 establishment units since 2011

establishment All 3 establishment units on the map

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.

Veldekensstraat 129070 Destelbergen

Ground area

4,145 m²

Building footprint

1,190 m²

Volume, LiDAR

3,417 m³

3 parcels, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.

3 establishment units

Time 2 Wine

Veldekensstraat 12, 9070 DestelbergenManufacture of fabricated metal products, except machinery and equipment

since 20112.201.965.821

Time 2 Wine

Dendermondesteenweg 336, 9070 DestelbergenManufacture of fabricated metal products, except machinery and equipment

since 20152.239.242.426

Time 2 Wine

Antwerpse Steenweg 35, 9080 LochristiRetail sale of wines and spirits

since 20252.380.652.786

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44013A0827/00E000	Flanders	2,116 m²	1 · 824 m²	8.5 m · 1 fl.
44013B0033/00F000	Flanders	1,551 m²	1 · 135 m²	-
44034C0992/00E004	Flanders	478 m²	1 · 230 m²	6.1 m · 1 fl.