TIME OUT
ActiveTIME OUT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4k and a net result of €175. Equity is shrinking by ~20.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 55% of 26053 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+8
Solvency63▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
38.4%
Return on assets
1.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
33 d early
2019
1 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4k▲ 4.5%
2023 · €4k
2018: €19k
2019: €18k
2020: €14k
2021: €14k
2022: €5k
2023: €4k
2018 → 2024
Total assets
€10k▼ 23.4%
2023 · €14k
2018: €32k
2019: €27k
2020: €23k
2021: €20k
2022: €20k
2023: €14k
2018 → 2024
Net result
€175
2023 · €-679
2018: €372
2019: €-653
2020: €-4k
2021: €451
2022: €-9k
2023: €-679
2018 → 2024
Working capital
€-1k
2023 · €4k
2018: €4k
2019: €3k
2020: €7k
2021: €6k
2022: €4k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€14k▲ 3.3%€5k▼ 67.6%€4k▼ 15.0%€4k▲ 4.5%
Operating result€-4k-€498€-9k€-602▲ 93.6%€214
Net result€-4k-€451€-9k€-679▲ 92.8%€175
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €214 after a loss of €602 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10k
Fixed assets
€5k▼ 27.3%
Current assets
€5k▼ 19.1%
Equity and liabilities €10k
Equity
€4k▲ 4.5%
Debt
€6k▼ 34.3%
The debt ratio falls from 71.9% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €6k
Cash flow
€2k▼
2023 · €5k
Solvency
38.4%▲
2023 · 28.1%
Current ratio
0.81▼
2023 · 2.78
Quick ratio
0.37▼
2023 · 1.67
Debt / equity
1.61▼
2023 · 2.56
ROE
4.4%▲
2023 · -17.7%
ROA
1.7%▲
2023 · -5.0%
Interest coverage
55.08▼
2023 · 72.50
Debt
€6k▼
2023 · €10k
Debt ≤ 1 year
€6k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€14k€10k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€6k€5k▼
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€550€50▼
Trade receivables40€494-
Other amounts receivable41€57€50▼
Current investments50/53-€2k
Cash at bank and in hand54/58€3k-
Deferred charges and accrued income490/1€150€750▲
Equity and liabilities
Total equity and liabilities10/49€14k€10k▼
Equity10/15€4k€4k▲
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-19k€-19k▲
Amounts payable17/49€10k€6k▼
Amounts payable after more than one year17€8k-
Other amounts payable178/9€8k-
Amounts payable within one year42/48€2k€6k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€321€233▼
Taxes450/3€321€233▼
Other amounts payable47/48€216€5k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€654€671▲
Gross operating margin9900€6k€3k▼
Operating profit (loss)9901€-602€214▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€77€39▼
Recurring financial charges65€77€39▼
Profit (loss) for the period before taxes9903€-679€175▲
Profit (loss) for the period9904€-679€175▲
Profit (loss) for the period to be appropriated9905€-679€175▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-19k▲
Profit (loss) brought forward from the previous period14P€-20k€-19k▲
Transfer from equity791/2€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €175
Net result €175 after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-9k ▼2198%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €451
Net result €451 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 8.17
Current ratio from 4.03 to 8.17; short-term debt falls from €2k to €876.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.03
Current ratio from 1.94 to 4.03; short-term debt falls from €4k to €2k.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oostende · 1 establishment unit since 2007
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.
Leffingestraat 618400 OostendeGround area
172 m²
Building footprint
165 m²
Volume, LiDAR
1,607 m³
Parcel 35383C0312/00G004, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TIME OUT
since 20072.163.552.831
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0312/00G004 | Flanders | 172 m² | 1 · 165 m² | 12.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.163.552.831
Similar companies · same sector, comparable size
SIMIT HOUSE
BE 0756.834.283
Zaventem · Eq €4k
EASY-S
BE 0686.578.767
Dilbeek · Eq €4k
JASMIN
BE 0474.669.005
Anderlecht · Eq €4k
LA GERME DE BLE
BE 0678.530.242
Brussel · Eq €4k
VERI
BE 0479.790.506
Aarschot · Eq €4k
Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 432 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-2007
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
52240
47252Retail sale of beverages, general range
47279Other retail sale of food
47299Retail trade
52250Logistics services
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:time-out.eatbu.com
E-mail:devreeseguy@hotmail.com