Time-Out
The computed 12-month bankruptcy probability of Time-Out is 0.3% (very low). The 2022 annual accounts show negative equity (€-460) and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 3544 sector peers (fiscal year 2022). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-460 |
| Net result | €10k |
| Staff (FTE) | 2.3 |
| Better than sector | 33% |
Mixed profile: strong on stability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.6% | 16.7% | |
| Net result | €10k | €739 | |
| Equity | €-460 | €10k | |
| Gross operating margin | €73k | €35k | |
| Staff costs | €50k | €40k |
| Fiscal year | 2022 |
|---|---|
| Revenue | €141k |
| EBITDA | €22k |
| Net profit | €10k |
| Cash flow | €20k |
| Staff costs | €50k |
| Income taxes | - |
| Dividends | - |
| Total assets | €82k |
| Equity | €-460 |
| Debt | €82k |
| of which ≤ 1y | €29k |
| of which > 1y | €53k |
| Working capital | €-276 |
| Employees (FTE) | 2.3 |
| 2022 | |
|---|---|
| Current ratio | 0.99 |
| Quick ratio | 0.82 |
| Working capital ratio | -0.3% |
| Solvency | -0.6% |
| Debt / equity | -178.92 |
| Long-term debt ratio | -116.10 |
| Interest coverage | 10.26 |
| Gross margin | 45.3% |
| Net margin | 6.8% |
| ROA | 11.7% |
| ROE | -2083.2% |
| EBITDA margin | 15.6% |
| Days sales outstanding | 11d |
| Days payable outstanding | 37d |
| Inventory turnover | 15.47 |
| Days inventory (DSI) | 24d |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €82k |
| Fixed assets | 21/28 | €53k |
| Tangible fixed assets | 22/27 | €53k |
| Financial fixed assets | 28 | €50 |
| Current assets | 29/58 | €29k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €82k |
| Equity | 10/15 | €-460 |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-7k |
| Amounts payable | 17/49 | €82k |
| Amounts payable after one year | 17 | €53k |
| Amounts payable within one year | 42/48 | €29k |
| Trade debts payable within one year | 44 | €8k |
| Income statement | ||
| Turnover | 70 | €141k |
| Gross operating margin | 9900 | €73k |
| Operating result | 9901 | €11k |
| Financial income | 75 | €265 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €10k |
| Net result for the period | 9904 | €10k |
| Result to be appropriated | 9905 | €10k |
| NACE primary | Food & beverage service(56309) |
| Legal form | Non-profit association(017) |
| Incorporation | 13-12-2017 |
| Status | Active |
| Postal code | 4300 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0830/00T000 | Wallonia | 8.0 ha | 1 · 3,852 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-04-2023 2 directors appointed
- ASBL VOLLEY-BALL CLUB WAREMME, Bestuurder
- CEULERS Luc, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | Time-Out |