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TIME ZONE

Active Risk: not assessed
Private limited companyfounded 2005active for 20 yearsBroddestraat 47, 2520 Ranst, BelgiumKBO/BCE: BE 0877.908.594

Financials · financial year 2025, full format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502314.

Annual accounts 2025 filed on 31-08-2026 at the NBB all 20 filings

Equity
€6.4m▲ 0.9%
2024 · €6.3m
Net result
€58,562▼ 87.6%
2024 · €470,982
Total assets
€7.3m▼ 0.7%
2024 · €7.4m
Solvency
87.6%▲ 1.4pp
2024 · 86.3%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 10% lower than in 2024. It is the second fall in a row.

Turnover€0.5m 2025 Operating result€0.1m 2025 Net result€0.06m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.4m-€0.3m▼ 2.6%€0.3m▼ 3.2%€0.3m▲ 2.0%€0.4m▲ 23.7%€0.5m▲ 13.0%€0.5m▼ 0.4%€0.5m▼ 3.6%
Operating result€0.04m-€0.04m▼ 12.0%€0.05m▲ 28.0%€0.08m▲ 69.3%€0.1m▲ 58.2%€0.1m▲ 1.9%€0.1m▼ 3.0%€0.1m▼ 10.3%
Net result€0.01m-€0.008m▼ 35.7%-€0.007mbelow the sector's middle half€0.1mwithin the sector's middle half€0.07mwithin the sector's middle half▼ 48.0%€0.07mwithin the sector's middle half▲ 2.2%€0.5mwithin the sector's middle half▲ 533%€0.06mwithin the sector's middle half▼ 87.6%
Equity€6.1m-€6.1m▲ 0.1%€6.1mwithin the sector's middle half▼ 0.1%€6.2mwithin the sector's middle half▲ 2.3%€6.3mwithin the sector's middle half▲ 1.2%€6.4mwithin the sector's middle half▲ 1.2%€6.3mwithin the sector's middle half▼ 0.3%€6.4mwithin the sector's middle half▲ 0.9%
Total assets€6.8m-€7.4m▲ 8.4%€7.5mwithin the sector's middle half▲ 1.3%€7.6mwithin the sector's middle half▲ 1.0%€7.4mwithin the sector's middle half▼ 2.5%€7.4mwithin the sector's middle half=€7.4mwithin the sector's middle half▼ 0.4%€7.3mwithin the sector's middle half▼ 0.7%
Debt€0.8m-€1.3m▲ 75.6%€1.4m▲ 7.8%€1.4m▼ 4.4%€1.1m▼ 19.4%€1.0m▼ 6.6%€1.0m▼ 1.0%€0.9m▼ 10.7%
Working capital-€0.3m--€0.8m▼ 182%-€0.8mbelow the sector's middle half▼ 3.4%-€0.8mbelow the sector's middle half▲ 3.5%-€0.3mwithin the sector's middle half▲ 65.0%-€0.3mwithin the sector's middle half▲ 1.9%-€0.4mwithin the sector's middle half▼ 37.1%-€0.3mwithin the sector's middle half▲ 5.2%
Solvency89.0%-82.2%▼ 6.8pp81.1%within the sector's middle half▼ 1.1pp82.1%within the sector's middle half▲ 1.0pp85.2%above the sector's middle half▲ 3.1pp86.2%above the sector's middle half▲ 1.0pp86.3%above the sector's middle half▲ 0.1pp87.6%above the sector's middle half▲ 1.4pp
Current ratio0.25-0.17▼ 0.080.25below the sector's middle half▲ 0.080.25below the sector's middle half=0.32below the sector's middle half▲ 0.070.28below the sector's middle half▼ 0.040.20below the sector's middle half▼ 0.080.18below the sector's middle half▼ 0.02
Return on assets (ROA)0.2%-0.1%▼ 0.1pp-0.1%within the sector's middle half▼ 0.2pp1.8%within the sector's middle half▲ 1.9pp1.0%within the sector's middle half▼ 0.9pp1.0%within the sector's middle half=6.4%within the sector's middle half▲ 5.4pp0.8%within the sector's middle half▼ 5.6pp
Staff (FTE)2.5-2.2▼ 12.0%3.1within the sector's middle half▲ 40.9%2.8within the sector's middle half▼ 9.7%2.7within the sector's middle half▼ 3.6%2.5within the sector's middle half▼ 7.4%2.3within the sector's middle half▼ 8.0%3.7within the sector's middle half▲ 60.9%
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.3m
Fixed assets €7.2m ▼ 0.5%
Current assets €78,618 ▼ 14.2%
Equity and liabilities €7.3m
Equity €6.4m ▲ 0.9%
Debt €903,759 ▼ 10.7%
Debt's share of the balance-sheet total falls from 13.7% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
0.9%▼
2024 · 7.4%
Debt ≤ 1 year
€425,064▼
2024 · €457,205
Debt > 1 year
€442,972▼
2024 · €536,933
Income taxes
€23,297▼
2024 · €26,194
Staff costs
€219,621▼
2024 · €233,674
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date33324
full-time22113
part-time11211
in full-time equivalents2.72.72.51.73.7
Average over the year, in full-time equivalents2.82.72.52.32.5
On a permanent contract33324
Joined---02
Left---10
Training hours444--

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€170,726€612,720€622,239€537,429€407,863
Mortgages, amount registered-€550,000€550,000€550,000€550,000
Carrying value of the mortgaged assets-€350,708€311,436€275,656€241,222
Pledge on the business€1.0m€1.0m---
Mandates to pledge the business€711,450€711,450---

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€1.3m-€75,975€39,279€28,413
Financial fixed assets----€0
Depreciation and write-downs of the year€21,914€54,012€50,918€59,343€64,776

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as TIME ZONE: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €5.8m and €10m, founded between 1999 and 2008.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
TIME ZONE Ranst2005€7.3m€6.4m€0.5m€0.06m3.72025
CNUDDE INVEST Waregem2008€6.1m€4.9m€0.5m€0.2m42025
CORDIA HOLDING Kontich2007€10.4m€10.3m€0.6m€0.3m2.82025
YVMA Antwerpen2000€6.5m€6.4m€0.6m€0.008m2.92025
Mobil Invest Namur2006€5.8m€4.8m€0.4m€0.03m32025
DIGLA IMMO Heusden-Zolder1999€6.9m€2.3m€0.5m€0.1m4.12025
WIJTRABO Tessenderlo-Ham2007€7.9m€5.6m€0.6m€0.3m5.52025

They were chosen from the 20,095 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€7.4m€7.3m▼
Fixed assets21/28€7.3m€7.2m▼
Tangible fixed assets22/27€0.4m€0.3m▼
Land and buildings22€0.3m€0.2m▼
Furniture and vehicles24€0.04m€0.05m▲
Leasing and similar rights25€0.05m€0.04m▼
Other tangible fixed assets26€0.01m€0.009m▼
Financial fixed assets28€6.9m€6.9m=
Affiliated companies280/1€6.9m€6.9m=
Participating interests280€6.9m€6.9m=
Current assets29/58€0.09m€0.08m▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0.09m€0.06m▼
Trade receivables40€0.08m€0.04m▼
Other amounts receivable41€0.009m€0.03m▲
Cash at bank and in hand54/58€0.001m€0.02m▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€7.4m€7.3m▼
Equity10/15€6.3m€6.4m▲
Contributions10/11€5.3m€5.3m=
Reserves13€1.0m€1.1m▲
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€1.0m€1.1m▲
Amounts payable17/49€1.0m€0.9m▼
Amounts payable after more than one year17€0.5m€0.4m▼
Financial debts170/4€0.5m€0.4m▼
Subordinated loans170€0.2m€0.2m=
Leasing and similar obligations172€0.04m€0.03m▼
Credit institutions173€0.3m€0.2m▼
Amounts payable within one year42/48€0.5m€0.4m▼
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Trade debts44€0.04m€0.04m▲
Suppliers440/4€0.04m€0.04m▲
Taxes, remuneration and social security45€0.08m€0.09m▲
Taxes450/3€0.05m€0.04m▼
Remuneration and social security454/9€0.03m€0.05m▲
Other amounts payable47/48€0.2m€0.09m▼
Accrued charges and deferred income492/3€0.02m€0.04m▲
Income statement Code20242025
Operating income70/76A€0.6m€0.6m▼
Turnover70€0.5m€0.5m▼
Other operating income74€0.2m€0.2m▼
Non-recurring operating income76A€0.001m€0▼
Operating charges60/66A€0.5m€0.5m▼
Services and other goods61€0.2m€0.2m▼
Remuneration, social security and pensions62€0.2m€0.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m▲
Other operating charges640/8€0.02m€0.02m▼
Operating profit (loss)9901€0.1m€0.1m▼
Financial income75/76B€0.4m€0▼
Recurring financial income75€0.4m€0▼
Income from financial fixed assets750€0.4m€0▼
Other financial income752/9€17€0▼
Financial charges65/66B€0.04m€0.04m▼
Recurring financial charges65€0.04m€0.04m▼
Debt charges650€0.04m€0.04m▼
Other financial charges652/9€497€460▼
Profit (loss) for the period before taxes9903€0.5m€0.08m▼
Income taxes67/77€0.03m€0.02m▼
Taxes670/3€0.03m€0.02m▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€0.5m€0.06m▼
Profit (loss) for the period to be appropriated9905€0.5m€0.06m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.06m▼
Transfer to equity691/2€0.5m€0.06m▼
To other reserves6921€0.5m€0.06m▼
Social balance sheet
Average headcount (FTE)90872.33.7▲

The notes to these accounts have 103 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A---€386,278€576,153€623,010€649,449€623,081▼ 4.1%
Turnover70€352,039€342,983€332,075€338,704€419,076€473,647€471,794€455,038▼ 3.6%
Other operating income74---€43,685€157,077€149,363€176,285€168,043▼ 4.7%
Non-recurring operating income76A---€3,889--€1,370€0▼ 100%
Operating charges60/66A---€302,597€443,766€488,104€518,552€505,648▼ 2.5%
Services and other goods61---€125,575€168,009€169,979€209,670€205,407▼ 2.0%
Remuneration, social security and pensions62---€152,658€211,249€252,555€233,674€219,621▼ 6.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,956€9,953€13,598€21,914€54,012€50,918€59,343€64,776▲ 9.2%
Other operating charges640/8---€2,450€10,495€14,652€15,865€15,844▼ 0.1%
Operating profit (loss)9901€43,916€38,633€49,436€83,681€132,387€134,907€130,897€117,433▼ 10.3%
Financial income75/76B---€104,433--€404,737€0▼ 100%
Recurring financial income75€42€634€373€104,433--€404,737€0▼ 100%
Income from financial fixed assets750---€104,433--€404,720€0▼ 100%
Other financial income752/9------€17€0▼ 100%
Financial charges65/66B---€29,600€27,871€30,450€38,458€35,574▼ 7.5%
Recurring financial charges65€25,100€25,916€30,373€29,600€27,871€30,450€38,458€35,574▼ 7.5%
Debt charges650€24,418€24,179€29,633€29,358€27,019€30,133€37,960€35,114▼ 7.5%
Other financial charges652/9---€243€852€317€497€460▼ 7.6%
Profit (loss) for the period before taxes9903€18,857€13,350€19,436€158,513€104,516€104,456€497,176€81,859▼ 83.5%
Income taxes67/77€5,824€4,965€26,068€18,780€31,785€30,100€26,194€23,297▼ 11.1%
Taxes670/3---€18,780€31,813€30,713€26,194€23,297▼ 11.1%
Tax adjustments and reversals of tax provisions77----€28€613€0--
Profit (loss) for the period9904€13,034€8,386-€6,632€139,733€72,731€74,357€470,982€58,562▼ 87.6%
Transfer to tax-exempt reserves689---€1,297-----
Profit (loss) for the period to be appropriated9905€8,106€4,472-€6,632€138,437€72,731€74,357€470,982€58,562▼ 87.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.8m€7.4m€7.5m€7.6m€7.4m€7.4m€7.4m€7.3m▼ 0.7%
Fixed assets21/28€6.7m€7.2m€7.2m€7.3m€7.3m€7.3m€7.3m€7.2m▼ 0.5%
Tangible fixed assets22/27€0.04m€0.05m€0.04m€0.4m€0.4m€0.4m€0.4m€0.3m▼ 9.6%
Land and buildings22---€0.4m€0.4m€0.3m€0.3m€0.2m▼ 12.5%
Furniture and vehicles24------€0.04m€0.05m▲ 49.7%
Leasing and similar rights25-----€0.07m€0.05m€0.04m▼ 28.5%
Other tangible fixed assets26---€0.03m€0.02m€0.02m€0.01m€0.009m▼ 31.7%
Financial fixed assets28€6.7m€7.2m€7.2m€6.9m€6.9m€6.9m€6.9m€6.9m=
Affiliated companies280/1---€6.9m€6.9m€6.9m€6.9m€6.9m=
Participating interests280---€6.9m€6.9m€6.9m€6.9m€6.9m=
Current assets29/58€0.09m€0.2m€0.3m€0.3m€0.1m€0.1m€0.09m€0.08m▼ 14.2%
Stocks and contracts in progress3------€0€0-
Amounts receivable within one year40/41€0.08m€0.2m€0.3m€0.3m€0.1m€0.09m€0.09m€0.06m▼ 30.7%
Trade receivables40---€0.2m€0.1m€0.09m€0.08m€0.04m▼ 54.5%
Other amounts receivable41---€0.01m€0.004m€0.001m€0.009m€0.03m▲ 190%
Cash at bank and in hand54/58€0.005m€0.001m€0.006m€0.006m€0.02m€0.008m€0.001m€0.02m▲ 13×
Deferred charges and accrued income490/1---€412€0.004m€0.002m€0--
Equity and liabilities
Total equity and liabilities10/49€6.8m€7.4m€7.5m€7.6m€7.4m€7.4m€7.4m€7.3m▼ 0.7%
Equity10/15€6.1m€6.1m€6.1m€6.2m€6.3m€6.4m€6.3m€6.4m▲ 0.9%
Contributions10/11€5.8m€5.8m-€5.8m€5.8m€5.8m€5.3m€5.3m=
Reserves13€0.2m€0.3m€0.3m€0.4m€0.5m€0.5m€1.0m€1.1m▲ 5.8%
Non-distributable reserves130/1---€0.01m-----
Reserves not available under the articles1311---€0.01m-----
Tax-exempt reserves132---€0.02m€0.02m€0.02m€0.02m€0.02m=
Distributable reserves133---€0.4m€0.4m€0.5m€1.0m€1.1m▲ 5.9%
Amounts payable17/49€0.8m€1.3m€1.4m€1.4m€1.1m€1.0m€1.0m€0.9m▼ 10.7%
Amounts payable after more than one year17€0.4m€0.4m€0.3m€0.3m€0.7m€0.7m€0.5m€0.4m▼ 17.5%
Financial debts170/4---€0.3m€0.7m€0.7m€0.5m€0.4m▼ 17.5%
Subordinated loans170---€0.2m€0.2m€0.2m€0.2m€0.2m=
Leasing and similar obligations172-----€0.06m€0.04m€0.03m▼ 35.8%
Credit institutions173---€0.1m€0.5m€0.4m€0.3m€0.2m▼ 24.7%
Amounts payable within one year42/48€0.4m€0.9m€1.1m€1.0m€0.4m€0.4m€0.5m€0.4m▼ 7.0%
Current portion of amounts payable after more than one year42---€0.03m€0.09m€0.1m€0.2m€0.2m▲ 11.1%
Financial debts43-----€0.04m---
Credit institutions430/8-----€0.04m---
Trade debts44€0.03m€0.01m€0.01m€0.02m€0.02m€0.03m€0.04m€0.04m▲ 25.4%
Suppliers440/4---€0.02m€0.02m€0.03m€0.04m€0.04m▲ 25.4%
Taxes, remuneration and social security45---€0.09m€0.1m€0.1m€0.08m€0.09m▲ 19.1%
Taxes450/3---€0.05m€0.08m€0.08m€0.05m€0.04m▼ 10.2%
Remuneration and social security454/9---€0.03m€0.04m€0.03m€0.03m€0.05m▲ 61.9%
Other amounts payable47/48---€0.9m€0.2m€0.08m€0.2m€0.09m▼ 45.2%
Accrued charges and deferred income492/3---€0.002m€0.003m-€0.02m€0.04m▲ 104%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€13,034€8,386-€6,632€139,733€72,731€74,357€470,982€58,562▼ 87.6%
+ Depreciation and write-downs630€11,956€9,953€13,598€21,914€54,012€50,918€59,343€64,776▲ 9.2%
Operating cash flow (approximation)€24,989€18,339€6,965€161,648€126,743€125,274€530,325€123,338▼ 76.7%
Investment in fixed assets (approximation)--€516,098€0-€104,433€0-€75,975-€39,279-€28,413▲ 27.7%
Change in cash--€4,624€5,456-€78€16,864-€14,796-€7,076€14,743-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 31-08-2026 2026-00502314 NBB
31-12-2024 full format 31-08-2025 2025-00457350 PDF
31-12-2023 full format 03-07-2024 2024-00201252 PDF
31-12-2022 full format 30-07-2023 2023-00291501 PDF
31-12-2021 full format 31-08-2022 2022-20389558 PDF
31-12-2020 full format 20-10-2021 2021-72900174 PDF
31-12-2019 full format 08-10-2020 2020-60100162 PDF
31-12-2018 full format 30-07-2019 2019-40700188 PDF
31-12-2017 full format 25-06-2018 2018-21600121 PDF
31-12-2016 full format 10-07-2017 2017-29200415 PDF

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