TIME OUT
ActiveSummary
TIME OUT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,406 and a net result of €386. Equity is shrinking by about 22% per year across the filed financial years. Its solvency ranks better than 64% of 22,679 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Detailhandel in brood- en banketbakkerswerk en suikerwerk; Detailhandel in alcoholische dranken; De overige detailhandel in voeding- en…” (deed in Dutch)
4 activities (deed in Dutch)
- Detailhandel in brood- en banketbakkerswerk en suikerwerk.
- Detailhandel in alcoholische dranken.
- De overige detailhandel in voeding- en genotsmiddelen in gespecialiseerde winkels n.e.g.
- Traiteurdienst.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TIME OUT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, absolute meerderheid van stemmen” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s),naar evenredigheid aantal bij meerdere kopers, elke overdracht onder…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen…” (deed in Dutch)