TIME LAPSE
ActiveSummary
The computed 12-month bankruptcy probability of TIME LAPSE is 8.9% (elevated). For TIME LAPSE, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (€-232) and a net result of €-831. Equity is shrinking by ~89.2% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0=
Solvency11▼-40
Growth58=
Track record100
Bankruptcy probability, 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2021Age of the figures
Age of the figures
57 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-07-2022, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
3 d early
2020
27 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€-232
2020 · €600
Total assets
€2k▼ 25.7%
2020 · €2k
Net result
€-831▼ 11.2%
2020 · €-748
Working capital
€-232
2020 · €600
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€-1k-€-1k▲ 1.8%€-502▲ 50.2%€-691▼ 37.5%
Net result€-1k-€-1k▲ 2.6%€-748▲ 34.3%€-831▼ 11.2%
Equity€2k-€1k▼ 45.8%€600▼ 55.5%€-232
Total assets€3k-€2k▼ 27.9%€2k▲ 12.3%€2k▼ 25.7%
Debt€348-€695▲ 100%€2k▲ 144%€2k▲ 14.3%
Working capital€2k-€1k▼ 45.8%€600▼ 55.5%€-232
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €691 in 2021 against €502 in 2020; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€2k▲
2020 · €2k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €-1k | €-662 | €-155 | €-691 | ▼ 346% |
| Operating profit (loss)9901 | €-1k | €-1k | €-502 | €-691 | ▼ 37.5% |
| Financial charges65/66B | - | - | - | €141 | - |
| Recurring financial charges65 | €141 | €129 | €245 | €141 | ▼ 42.7% |
| Profit (loss) for the period before taxes9903 | €-1k | €-1k | €-748 | €-831 | ▼ 11.2% |
| Profit (loss) for the period9904 | €-1k | €-1k | €-748 | €-831 | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-1k | €-748 | €-831 | ▼ 11.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3k | €2k | €2k | €2k | ▼ 25.7% |
| Current assets29/58 | €3k | €2k | €2k | €2k | ▼ 25.7% |
| Cash at bank and in hand54/58 | €3k | €2k | €2k | €2k | ▼ 25.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3k | €2k | €2k | €2k | ▼ 25.7% |
| Equity10/15 | €2k | €1k | €600 | €-232 | ▼ 139% |
| Contributions10/11 | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | - | - | €6k | - |
| Other1109/19 | - | - | - | €6k | - |
| Profit (loss) carried forward14 | €-4k | €-5k | €-6k | €-6k | ▼ 14.8% |
| Amounts payable17/49 | €348 | €695 | €2k | €2k | ▲ 14.3% |
| Amounts payable within one year42/48 | €348 | €695 | €2k | €2k | ▲ 14.3% |
| Trade debts44 | €348 | €695 | €801 | €801 | = |
| Suppliers440/4 | - | - | - | €801 | - |
| Other amounts payable47/48 | - | - | - | €1k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-1k | €-748 | €-831 | ▼ 11.2% |
| Operating cash flow (approximation) | €-1k | €-1k | €-748 | €-831 | ▼ 11.2% |
| Change in cash | - | €-790 | €251 | €-589 | ▼ 335% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
NBB filing
0 of 4 acts read
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.
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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, Sint-Agatha-Berchem
Ground area
127 m²
Building footprint
73 m²
Volume, LiDAR
881 m³
Parcel 21342B0108/00S005, Brussels · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0108/00S005 | Brussels | 127 m² | 1 · 73 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.