TIME CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of TIME CONSTRUCTION is 3.3% (moderate). The annual accounts of TIME CONSTRUCTION for fiscal year 2024 show a net loss of 51% of total assets. The 2024 annual accounts show equity of €4,716 and a net result of -€2,397. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9974 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,225 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €3,632 | €58 | - | - |
| Gross operating margin9900 | €6,630 | €3,483 | -€2,164 | ▼ 162% |
| Operating profit (loss)9901 | €2,998 | €3,425 | -€2,164 | ▼ 163% |
| Financial income75/76B | €1 | - | - | - |
| Recurring financial income75 | €1 | - | - | - |
| Financial charges65/66B | €153 | €243 | €233 | ▼ 3.9% |
| Recurring financial charges65 | €153 | €243 | €233 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €2,845 | €3,182 | -€2,397 | ▼ 175% |
| Income taxes67/77 | - | €64 | - | - |
| Profit (loss) for the period9904 | €2,845 | €3,118 | -€2,397 | ▼ 177% |
| Profit (loss) for the period to be appropriated9905 | €2,845 | €3,118 | -€2,397 | ▼ 177% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,217 | €29,548 | €4,716 | ▼ 84.0% |
| Current assets29/58 | €16,217 | €29,548 | €4,716 | ▼ 84.0% |
| Amounts receivable within one year40/41 | €14,559 | €25,979 | €3,442 | ▼ 86.8% |
| Trade receivables40 | €10,952 | €19,520 | €3,285 | ▼ 83.2% |
| Other amounts receivable41 | €3,607 | €6,459 | €156 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €1,658 | €3,569 | €1,275 | ▼ 64.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,217 | €29,548 | €4,716 | ▼ 84.0% |
| Equity10/15 | €3,995 | €7,114 | €4,716 | ▼ 33.7% |
| Contributions10/11 | €1,150 | €1,150 | €1,150 | = |
| Reserves13 | €115 | €115 | €115 | = |
| Non-distributable reserves130/1 | €115 | €115 | €115 | = |
| Reserves not available under the articles1311 | €115 | €115 | €115 | = |
| Profit (loss) carried forward14 | €2,730 | €5,849 | €3,451 | ▼ 41.0% |
| Amounts payable17/49 | €12,221 | €22,434 | - | - |
| Amounts payable within one year42/48 | €12,196 | €22,434 | - | - |
| Trade debts44 | €5,128 | - | - | - |
| Suppliers440/4 | €5,128 | - | - | - |
| Advances received on contracts in progress46 | €7,068 | €7,068 | - | - |
| Taxes, remuneration and social security45 | - | €2,412 | - | - |
| Remuneration and social security454/9 | - | €2,412 | - | - |
| Other amounts payable47/48 | - | €12,954 | - | - |
| Accrued charges and deferred income492/3 | €25 | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,845 | €3,118 | -€2,397 | ▼ 177% |
| Operating cash flow (approximation) | €2,845 | €3,118 | -€2,397 | ▼ 177% |
| Change in cash | - | €1,911 | -€2,294 | ▼ 220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.