Time-Out
ActiveSummary
For Time-Out, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€460) and a net result of €9,576. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 16694 sector peers (fiscal year 2022). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability83▼-17
Solvency24▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2022Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
11.7%
Age of the figures
45 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 16-06-2023, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
45 d early
2021
22 d late
2020
121 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Turnover
€141,459
EBIT margin
8.1%
Net result
€9,576▼ 60.6%
2021 · €24,288
Working capital
-€276▲ 96.4%
2021 · -€7,600
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€141,459
Operating result-€8,366--€25,734▼ 208%€2,085€27,889▲ 1,238%€11,465▼ 58.9%
Net result-€10,276--€29,745▼ 189%-€502within the sector's middle half▲ 98.3%€24,288within the sector's middle half€9,576within the sector's middle half▼ 60.6%
EBIT margin8.1%
Equity-€4,076--€33,821▼ 730%-€34,323below the sector's middle half▼ 1.5%-€10,036below the sector's middle half▲ 70.8%-€460within the sector's middle half▲ 95.4%
Total assets€134,357-€110,577▼ 17.7%€93,865within the sector's middle half▼ 15.1%€97,865within the sector's middle half▲ 4.3%€81,786within the sector's middle half▼ 16.4%
Debt€138,433-€144,398▲ 4.3%€128,188▼ 11.2%€107,900▼ 15.8%€82,246▼ 23.8%
Working capital-€11,310--€36,349▼ 221%-€30,478within the sector's middle half▲ 16.2%-€7,600within the sector's middle half▲ 75.1%-€276within the sector's middle half▲ 96.4%
Solvency-3.0%--30.6%▼ 27.6pp-36.6%below the sector's middle half▼ 6.0pp-10.3%below the sector's middle half▲ 26.3pp-0.6%within the sector's middle half▲ 9.7pp
Current ratio0.80-0.42▼ 0.370.40below the sector's middle half▼ 0.020.82within the sector's middle half▲ 0.420.99within the sector's middle half▲ 0.17
Return on assets (ROA)-7.6%--26.9%▼ 19.3pp-0.5%within the sector's middle half▲ 26.4pp24.8%above the sector's middle half▲ 25.4pp11.7%within the sector's middle half▼ 13.1pp
Staff (FTE)2.9-2▼ 31.0%0.7below the sector's middle half▼ 65.0%0.4▼ 42.9%2.3▲ 475%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 59% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €81,786
Fixed assets
€53,183 ▼ 15.5%
Current assets
€28,603 ▼ 18.1%
Key figures and ratios
EBITDA
€22,099▼
2021 · €38,301
Cash flow
€20,210▼
2021 · €34,699
Quick ratio
0.82▲
2021 · 0.76
Interest coverage
10.26▼
2021 · 10.58
Debt ≤ 1 year
€28,879▼
2021 · €42,537
Debt > 1 year
€53,366▼
2021 · €65,363
Staff costs
€50,432▲
2021 · €16,220
Equity ratios withheld: equity of -€460 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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €141,459 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €77,398 | - |
| Remuneration, social security and pensions62 | - | - | - | €16,220 | €50,432 | ▲ 211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,005 | €10,412 | €10,412 | €10,412 | €10,634 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €165 | €155 | ▼ 6.1% |
| Gross operating margin9900 | €87,378 | €70,760 | €26,098 | €54,686 | €72,686 | ▲ 32.9% |
| Operating profit (loss)9901 | -€8,366 | -€25,734 | €2,085 | €27,889 | €11,465 | ▼ 58.9% |
| Financial income75/76B | - | - | - | €19 | €265 | ▲ 1,273% |
| Recurring financial income75 | €122 | €13 | €1 | €19 | €265 | ▲ 1,273% |
| Financial charges65/66B | - | - | - | €3,621 | €2,154 | ▼ 40.5% |
| Recurring financial charges65 | €2,032 | €4,024 | €2,588 | €3,621 | €2,154 | ▼ 40.5% |
| Profit (loss) for the period before taxes9903 | -€10,276 | -€29,745 | -€502 | €24,288 | €9,576 | ▼ 60.6% |
| Profit (loss) for the period9904 | -€10,276 | -€29,745 | -€502 | €24,288 | €9,576 | ▼ 60.6% |
| Profit (loss) for the period to be appropriated9905 | -€10,276 | -€29,745 | -€502 | €24,288 | €9,576 | ▼ 60.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,357 | €110,577 | €93,865 | €97,865 | €81,786 | ▼ 16.4% |
| Fixed assets21/28 | €90,097 | €83,751 | €73,339 | €62,927 | €53,183 | ▼ 15.5% |
| Tangible fixed assets22/27 | €90,047 | €83,701 | €73,289 | €62,877 | €53,133 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €62,877 | €53,133 | ▼ 15.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €44,260 | €26,826 | €20,526 | €34,937 | €28,603 | ▼ 18.1% |
| Stocks and contracts in progress3 | €13,914 | €6,781 | €2,404 | €2,783 | €5,005 | ▲ 79.8% |
| Stocks30/36 | - | - | - | €2,783 | €5,005 | ▲ 79.8% |
| Amounts receivable within one year40/41 | €15,886 | €9,446 | €2,015 | €1,098 | €4,095 | ▲ 273% |
| Trade receivables40 | - | - | - | €1,098 | €4,095 | ▲ 273% |
| Other amounts receivable41 | - | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €14,460 | €5,381 | €16,107 | €30,010 | €16,503 | ▼ 45.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,047 | €3,001 | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,357 | €110,577 | €93,865 | €97,865 | €81,786 | ▼ 16.4% |
| Equity10/15 | -€4,076 | -€33,821 | -€34,323 | -€10,036 | -€460 | ▲ 95.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€10,276 | -€40,021 | -€40,523 | -€16,236 | -€6,660 | ▲ 59.0% |
| Amounts payable17/49 | €138,433 | €144,398 | €128,188 | €107,900 | €82,246 | ▼ 23.8% |
| Amounts payable after more than one year17 | €82,863 | €81,223 | €77,184 | €65,363 | €53,366 | ▼ 18.4% |
| Financial debts170/4 | - | - | - | €65,363 | €53,366 | ▼ 18.4% |
| Amounts payable within one year42/48 | €55,570 | €63,175 | €51,004 | €42,537 | €28,879 | ▼ 32.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,656 | €11,997 | ▼ 18.1% |
| Trade debts44 | €13,083 | €40,170 | €36,165 | €23,004 | €7,790 | ▼ 66.1% |
| Suppliers440/4 | - | - | - | €23,004 | €7,790 | ▼ 66.1% |
| Taxes, remuneration and social security45 | - | - | - | €4,077 | €8,643 | ▲ 112% |
| Taxes450/3 | - | - | - | €1,308 | €3,828 | ▲ 193% |
| Remuneration and social security454/9 | - | - | - | €2,769 | €4,815 | ▲ 73.9% |
| Other amounts payable47/48 | - | - | - | €800 | €450 | ▼ 43.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,276 | -€29,745 | -€502 | €24,288 | €9,576 | ▼ 60.6% |
| + Depreciation and write-downs630 | €10,005 | €10,412 | €10,412 | €10,412 | €10,634 | ▲ 2.1% |
| Operating cash flow (approximation) | -€271 | -€19,333 | €9,909 | €34,699 | €20,210 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | -€4,065 | €0 | €0 | -€890 | - |
| Change in cash | - | -€9,079 | €10,727 | €13,902 | -€13,507 | ▼ 197% |
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
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €24,288
Net result €24,288 after 3 loss-making years.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€29,745
Net result drops to -€29,745, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waremme · 1 establishment unit since 2018
Ground area
8.0 ha
Building footprint
3,852 m²
Parcel 64074C0830/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Time-Out
since 20182.270.604.803
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0830/00T000 | Wallonia | 8.0 ha | 1 · 3,852 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaremme2.270.604.803
Similar companies · same sector and region
A la maison
BE 0544.614.220
Liège
Adyas s.c.s.
BE 0553.834.267
Ans
Amitiés Francaises de Liège
BE 0409.272.890
Chaudfontaine
ASBL TENNIS DE TABLE STAVELOT
BE 0846.780.997
Stavelot
Athletic Club de Soiron
BE 0418.479.279
Pepinster
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 618 companies in sector 56309 we hold annual accounts for 118. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded13-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56309Food and beverage service activities
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685886307
Also
9925:BE0685886307
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.