TIME TO CHANGE
The KBO register records legal situation 050 for TIME TO CHANGE (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €25k and a net result of €-42k.
| Equity | €25k |
| Net result | €-42k |
| Staff (FTE) | 1 |
| Better than sector | 16% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.9% | 40.9% | |
| Net result | €-42k | €11k | |
| Equity | €25k | €34k | |
| Gross operating margin | €59k | €35k | |
| Staff costs | €69k | €25k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-15k |
| Net profit | €-42k |
| Cash flow | €-15k |
| Staff costs | €69k |
| Income taxes | - |
| Dividends | - |
| Total assets | €227k |
| Equity | €25k |
| Debt | €202k |
| of which ≤ 1y | €202k |
| of which > 1y | - |
| Working capital | €-24k |
| Employees (FTE) | 1.0 |
| 2024 | |
|---|---|
| Current ratio | 0.88 |
| Quick ratio | 0.88 |
| Working capital ratio | -10.4% |
| Solvency | 10.9% |
| Debt / equity | 8.15 |
| Long-term debt ratio | - |
| Interest coverage | -21.79 |
| Gross margin | - |
| Net margin | - |
| ROA | -18.7% |
| ROE | -170.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €227k |
| Fixed assets | 21/28 | €48k |
| Tangible fixed assets | 22/27 | €47k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €178k |
| Amounts receivable within one year | 40/41 | €175k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €227k |
| Equity | 10/15 | €25k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €20k |
| Amounts payable | 17/49 | €202k |
| Amounts payable within one year | 42/48 | €202k |
| Trade debts payable within one year | 44 | €125k |
| Income statement | ||
| Gross operating margin | 9900 | €59k |
| Operating result | 9901 | €-42k |
| Financial income | 75 | €525 |
| Financial charges | 65 | €685 |
| Result before taxes | 9903 | €-42k |
| Net result for the period | 9904 | €-42k |
| Result to be appropriated | 9905 | €-42k |
Former directors (1)
-
Gökhan PolatDirectorState Gazette act 23073472 (06-06-2023)Former01-05-2023 → 30-11-2023
2 events
- 30-11-2023 Resigned· Director
- 01-05-2023 Appointed· Director
| NACE primary | Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 12-04-2022 |
| Status | Active |
| Postal code | 3600 |
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. |
|---|---|---|---|---|
| 71304E0574/00M000 | Flanders | 3.0 ha | 1 · 3,318 m² | 2.8 m |
| 71305F0011/00X013 | Flanders | 506 m² | 1 · 72 m² | 9.4 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-03-2024 Mandate of Gökhan Polat as director expired
- Gökhan Polat, Bestuurder
Technical details
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}06-06-2023 Gökhan Polat appointed as director
- Gökhan Polat, 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 nameNL | TIME TO CHANGE |