TIME LOGISTICS
Open bankruptcyA bankruptcy procedure is open for TIME LOGISTICS according to publications in the Belgian State Gazette; curator: GENEVIEVE DEDOBBELEER.
Summary
The 2024 annual accounts show equity of €76k and a net result of €-22k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-22k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
31 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€76k▼ 22.5%
2023 · €98k
2018: €69k
2019: €132k
2020: €130k
2021: €133k
2022: €113k
2023: €98k
2018 → 2024
Total assets
€183k▼ 38.0%
2023 · €295k
2018: €351k
2019: €428k
2020: €394k
2021: €404k
2022: €351k
2023: €295k
2018 → 2024
Net result
€-22k▼ 48.6%
2023 · €-15k
2018: €8k
2019: €62k
2020: €-2k
2021: €3k
2022: €-19k
2023: €-15k
2018 → 2024
Working capital
€74k▼ 21.3%
2023 · €93k
2018: €69k
2019: €134k
2020: €132k
2021: €146k
2022: €111k
2023: €93k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€133k▲ 2.0%€113k▼ 14.5%€98k▼ 13.2%€76k▼ 22.5%
Operating result€8k-€18k▲ 117%€-4k€-8k▼ 88.6%€-8k=
Net result€-2k-€3k€-19k€-15k▲ 22.6%€-22k▼ 48.6%
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 €8k in 2024 against €8k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €183k
Fixed assets
€5k =
Current assets
€178k ▼ 38.6%
Equity and liabilities €183k
Equity
€76k ▼ 22.5%
Debt
€107k ▼ 45.7%
Debt's share of the balance-sheet total falls from 66.6% to 58.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.70▲
2023 · 1.48
Debt to equity
1.40▼
2023 · 2.00
ROE
-29.0%▼
2023 · -15.1%
ROA
-12.1%▼
2023 · -5.1%
Debt ≤ 1 year
€104k▼
2023 · €196k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€295k€183k▼
Fixed assets21/28€5k€5k=
Financial fixed assets28€5k€5k=
Current assets29/58€290k€178k▼
Amounts receivable within one year40/41€284k€172k▼
Trade receivables40€284k€172k▼
Other amounts receivable41-€437
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€295k€183k▼
Equity10/15€98k€76k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€78k€56k▼
Amounts payable17/49€196k€107k▼
Amounts payable within one year42/48€196k€104k▼
Current portion of amounts payable after more than one year42€858-
Financial debts43€70k€68k▼
Credit institutions430/8€70k€68k▼
Trade debts44€95k€18k▼
Suppliers440/4€95k€18k▼
Taxes, remuneration and social security45€21k€6k▼
Taxes450/3€20k€6k▼
Remuneration and social security454/9€738-
Other amounts payable47/48€9k€12k▲
Accrued charges and deferred income492/3€35€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€10k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€86-
Gross operating margin9900€3k€-3k▼
Operating profit (loss)9901€-8k€-8k=
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€7k€14k▲
Recurring financial charges65€7k€14k▲
Profit (loss) for the period before taxes9903€-15k€-22k▼
Profit (loss) for the period9904€-15k€-22k▼
Profit (loss) for the period to be appropriated9905€-15k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€56k▼
Profit (loss) brought forward from the previous period14P€93k€78k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
17-04
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · TIME LOGISTICS SRL RUE DE L’INDUSTRIE 12, 1400 NIVELLES · event 27-03-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €62k ▲668%
Operating result €97k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲90.4%
2 profitable years in a row build equity to €132k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
SignalFinancial 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, La Louvière · 1 establishment unit since 1983
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.
Rue du Gros Saule(H-G) 607110 La LouvièreGround area
6,617 m²
Building footprint
1,944 m²
Volume, LiDAR
11,400 m³
Parcel 55020C0051/00V003, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Gros Saule(H-G) 60, 7110 La Louvière
since 19832.023.199.373
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55020C0051/00V003 | Wallonia | 6,617 m² | 1 · 1,944 m² | 8.3 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GENEVIEVE DEDOBBELEER RUE DE CHARLEROI 2,
1400 NIVELLES |
27-03-2023 → present |
Similar companies · same sector, comparable size
ESDOORN TM SERVICE
BE 0668.800.053
Zaventem · Eq €76,274
DITI TRANSPORT
BE 0757.603.652
Brussel · Eq €76,300
Q&T Transport
BE 0721.866.674
Schoten · Eq €76,246
THE M-GROUP
BE 0729.621.033
Elsene · Eq €76,231
TAKA TRANS
BE 0675.978.251
Zutendaal · Eq €76,223
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,251 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
Founded06-10-1983
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.