TIME & SPACES
The computed 12-month bankruptcy probability of TIME & SPACES is 2.2% (moderate). The 2024 annual accounts show equity of €4k and a net result of €-583. Its solvency ranks better than 57% of 4922 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4k |
| Net result | €-583 |
| Better than sector | 57% |
| Active | 2 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.3% | 16.7% | |
| Net result | €-583 | €2k | |
| Equity | €4k | €27k | |
| Gross operating margin | €579 | €27k | |
| Total assets | €17k | €302k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €192 |
| Net profit | €-583 |
| Cash flow | €185 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €17k |
| Equity | €4k |
| Debt | €13k |
| of which ≤ 1y | €13k |
| of which > 1y | - |
| Working capital | €-788 |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.94 |
| Quick ratio | 0.94 |
| Working capital ratio | -4.5% |
| Solvency | 25.3% |
| Debt / equity | 2.96 |
| Long-term debt ratio | - |
| Interest coverage | 30.28 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.3% |
| ROE | -13.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €17k |
| Formation expenses | 20 | €5k |
| Current assets | 29/58 | €12k |
| Amounts receivable within one year | 40/41 | €824 |
| Cash & bank | 54/58 | €11k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €17k |
| Equity | 10/15 | €4k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-583 |
| Amounts payable | 17/49 | €13k |
| Amounts payable within one year | 42/48 | €13k |
| Trade debts payable within one year | 44 | €810 |
| Income statement | ||
| Gross operating margin | 9900 | €579 |
| Operating result | 9901 | €-577 |
| Financial charges | 65 | €6 |
| Result before taxes | 9903 | €-583 |
| Net result for the period | 9904 | €-583 |
| Result to be appropriated | 9905 | €-583 |
Former directors (1)
-
Former- → 18-09-2025
| NACE primary | Real estate rental(68203) |
| Legal form | Private limited company(610) |
| Incorporation | 29-03-2024 |
| Status | Active |
| Postal code | 1040 |
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. |
|---|---|---|---|---|
| 21805E0215/00K000 | Brussels | 356 m² | 1 · 348 m² | 62.7 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-12-2025 Philippe Vangeel resigns as director
- Philippe Vangeel, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Philippe Vangeel",
"address": null,
"birth_date": null
},
"effective_date": "2025-09-18",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de la r\u00E9vocation de Philippe Vangeel, demeurant \u00E0 4500 Huy, Plaine de la Sarte 3/000B, comme administrateur non statutaire, et ce \u00E0 compter du 18/09/2025. L\u0027assembl\u00E9e g\u00E9n\u00E9rale donne d\u00E9charge \u00E0 cette personne pour l\u0027exercice de son mandat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "1007.763.682",
"name_full": "TIME \u0026 SPACES",
"legal_form": "SRL"
}
}03-04-2024 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "B-1040 Etterbeek, Rue d\u2019Arlon 82",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1969-04-16",
"name": "VANGEEL Philippe Leonie Eugeen",
"niss": null,
"address": "B-4500 Huy, Plaine de la Sarte 3/000B"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "VANGEEL Philippe Leonie Eugeen",
"is_subscriber_only": true,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1983-12-10",
"name": "CEZANNE Glenn",
"niss": null,
"address": "B-140 Etterbeek, Square de L\u00E9opoldville 17/2"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "CEZANNE Glenn",
"is_subscriber_only": true,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 5000,
"subject_company": {
"kbo": "1007.763.682",
"name_full": "TIME \u0026 SPACES",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2024-03-26",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | TIME & SPACES |