TIME & SPACES

Active

Private limited companyfounded 20242 yrs activeWetstraat 81A, 1040 Brussel, BelgiumKBO/BCE: BE 1007.763.682

The computed 12-month bankruptcy probability of TIME & SPACES is 3.0% (moderate). The 2025 annual accounts show negative equity (€-25k) and a net result of €-30k. Its solvency ranks better than 5% of 14056 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

19 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-65

Solvency0▼-50

Growth32

Track record82

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.05 against 0.94 in 2024; short-term debt: 206.1% and cash: 8.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

-120%

Return on assets

-140.9%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year €-25k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 2 filings

Deviation from the deadline

2025

49 d late

2024

126 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-25k

2024 · €4k

2024: €4k

2024 → 2025

Total assets

€21k▲ 20.7%

2024 · €17k

2024: €17k

2024 → 2025

Net result

€-30k▼ 4,997%

2024 · €-583

2024: €-583

2024 → 2025

Working capital

€-41k▼ 5,127%

2024 · €-788

2024: €-788

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€4k-€-25k

Operating result€-577-€-28k▼ 4,838%

Net result€-583-€-30k▼ 4,997%

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 €28k in 2025 against €577 in 2024; the loss grows.

Balance-sheet composition

Assets €17k

86.5%

13.5%

Fixed assets €15k

Current assets €2k

Key figures and ratios

2025 value · change against 2024

EBITDA

€-26k▼

2024 · €192

Cash flow

€-27k▼

2024 · €185

Solvency

-120.0%▼

2024 · 25.3%

Current ratio

0.05▼

2024 · 0.94

Quick ratio

0.05▼

2024 · 0.94

Debt / equity

-1.83▼

2024 · 2.96

ROA

-140.9%▼

2024 · -3.3%

Interest coverage

-20.71▼

2024 · 30.28

Debt

€46k▲

2024 · €13k

Debt ≤ 1 year

€43k▲

2024 · €13k

Debt > 1 year

€417

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€17k€21k▲

Formation expenses20€5k€4k▼

Fixed assets21/28-€15k

Tangible fixed assets22/27-€7k

Plant, machinery and equipment23-€7k

Financial fixed assets28-€7k

Current assets29/58€12k€2k▼

Amounts receivable within one year40/41€824€598▼

Trade receivables40-€528

Other amounts receivable41€824€70▼

Cash at bank and in hand54/58€11k€2k▼

Equity and liabilities

Total equity and liabilities10/49€17k€21k▲

Equity10/15€4k€-25k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-583€-30k▼

Amounts payable17/49€13k€46k▲

Amounts payable after more than one year17-€417

Financial debts170/4-€417

Amounts payable within one year42/48€13k€43k▲

Current portion of amounts payable after more than one year42-€5k

Trade debts44€810€2k▲

Suppliers440/4€810€2k▲

Other amounts payable47/48€12k€37k▲

Accrued charges and deferred income492/3-€3k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€769€3k▲

Other operating charges640/8€387€551▲

Gross operating margin9900€579€-25k▼

Operating profit (loss)9901€-577€-28k▼

Financial charges65/66B€6€1k▲

Recurring financial charges65€6€1k▲

Profit (loss) for the period before taxes9903€-583€-30k▼

Profit (loss) for the period9904€-583€-30k▼

Profit (loss) for the period to be appropriated9905€-583€-30k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-583€-30k▼

Profit (loss) brought forward from the previous period14P-€-583

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 49 days late

2025

04-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 126 days late

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

18-09-2025 Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Wetstraat 81A1040 Brussel

Ground area

356 m²

Building footprint

348 m²

Volume, LiDAR