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Generated 16-07-2026
Active BE 0778.396.888Private limited company

TIME2CODE

Vorstlaan 24 ·1170 Watermaal-Bosvoorde, Belgium· 4 yrs active
Sector: Computer programming & consultancy (62200)
Conclusion Checked

The computed 12-month bankruptcy probability of TIME2CODE is 1.7% (moderate). The 2025 annual accounts show equity of €9k and a net result of €8k. Equity is growing by ~135.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 2732 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €9k
Net result €8k
Staff (FTE) 4.8
Better than sector 36%
Snowflake analysis 5 axes · computed by Checked
Health76Profitability100Solvency79Growth78Stability94
85 / 100

Exceptional profile, strong across almost every axis.

Health 76
Profitability 100
Solvency 79
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.7% Moderate
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
76 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 16-12-2025 with the NBB · fiscal year 2025 · micro
€-10k€-5k€0€5k€10kOperating result 2023: €-6k€-6kNet result 2023: €-6k€-6kOperating result 2024: €-933€-933Net result 2024: €-1k€-1kOperating result 2025: €7k€7kNet result 2025: €8k€8k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~135.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€5k€10k€15k€20k2026: €12k (€12k - €13k)2027: €16k (€15k - €16k)2028: €19k (€18k - €20k)2023: €2k2024: €1k2025: €9k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 39.9% 62.2%
better than 36% of 2732 sector peers
Net result €8k €40k
better than 19% of 2734 sector peers
Equity €9k €62k
better than 21% of 2733 sector peers
Gross operating margin €20k €63k
better than 18% of 2734 sector peers
Staff costs €12k €17k
higher than 47% of 356 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€7k
- -80% vs sector
Net profit
€8k
- far above sector median
Cash flow
€8k
- -44% vs sector
Total assets
€23k
+332.4% -92% vs sector
Equity
€9k
+565.9% -95% vs sector
Working capital
€10k
+584.0% -89% vs sector
Employees (FTE)
5
- -30% vs sector
Staff costs
€12k
- -99% vs sector
Income taxes
€273
- -95% vs sector
Debt
€14k
+250.9% +5% vs sector
Debt ≤ 1y
€13k
+337.8% +37% vs sector
Current ratio
1.77
+18.6% -79% vs sector
Quick ratio
1.77
+18.6% -79% vs sector
Solvency
39.9%
+54.0% -55% vs sector
Debt / equity
1.51
-47.3% far above sector median
ROE
85.0%
- far above sector median
ROA
33.9%
- far above sector median
Interest coverage
-9.49
-369.6% far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€7k
Net profit€8k
Cash flow€8k
Staff costs€12k
Income taxes€273
Dividends-
Total assets€23k
Equity€9k
Debt€14k
of which ≤ 1y€13k
of which > 1y-
Working capital€10k
Employees (FTE)4.8
Ratios (computed)
2025
Current ratio1.77
Quick ratio1.77
Working capital ratio42.9%
Solvency39.9%
Debt / equity1.51
Long-term debt ratio-
Interest coverage-9.49
Gross margin-
Net margin-
ROA33.9%
ROE85.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€23k
Fixed assets 21/28€306
Tangible fixed assets 22/27€306
Current assets 29/58€22k
Amounts receivable within one year 40/41€17k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€23k
Equity 10/15€9k
Contributions / capital 10/11€4k
Accumulated profits (losses) 14€6k
Amounts payable 17/49€14k
Amounts payable within one year 42/48€13k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€20k
Operating result 9901€7k
Financial income 75€470
Financial charges 65€-774
Result before taxes 9903€8k
Income taxes 67/77€273
Net result for the period 9904€8k
Result to be appropriated 9905€8k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Computer programming & consultancy(62200)
Legal form Private limited company(610)
Incorporation09-12-2021
StatusActive
Postal code1170
Establishment units 4 locations
TIME2CODE
Vorstlaan 24, 1170 Watermaal-BosvoordeOntwikkeling van residentiële bouwprojecten
since 20212.325.460.776
TIME2CODE
Avenue Reine Astrid 92, 1310 La HulpeOntwerpen en programmeren van computerprogramma's
since 20222.328.028.605
TIME2CODE
Ch de Mont St Jean 83, 1420 Braine-l'AlleudOntwerpen en programmeren van computerprogramma's
since 20222.328.028.704
TIME2CODE
Frans Lyceumlaan 9, 1180 UkkelOntwerpen en programmeren van computerprogramma's
since 20222.328.028.803
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Wallonia 1 (33.3%) Brussels 2 (66.7%)
Parcel (capakey) Region Area Buildings Height / fl.
25050C0039/00K000 Wallonia 10.1 ha 1 · 113 m² 14.1 m · 3 fl.
21614H0059/00X000 Brussels 3.8 ha 1 · 918 m² 13.0 m · 3 fl.
21652E0165/00Y007 Brussels 2,183 m² 1 · 716 m² 19.5 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
16-12-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
13-08-2025
State Gazette act Director changes
31-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
24-01-2025
State Gazette act Director changes
2024
27-02-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 11 months ago
2025
13-08-2025 Loic Thieffry resigns as director Director changes
  • Loic Thieffry, Bestuurder
Technical details 
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      "effective_date": "2025-06-01",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire acte \u00E9galement la d\u00E9mission de Monsieur Loic Thieffry en tant qu\u0027administrateur de la SRL (g\u00E9rants au sens de l\u0027article 9 des statuts actuels), et ce avec effet au 01/06/2025.",
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  "co_filed_documents": [],
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24-01-2025 2 directors appointed, 2 resigning Director changes
  • Thieffry Loic, Bestuurder
  • Collinet Pierre, Bestuurder
  • Servais Marie, Bestuurder
  • Halfon Jérémy, Bestuurder
Technical details 
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      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2024-10-23",
      "evidence_quote": "Il est d\u00E9cid\u00E9 de nommer Monsieur Thieffry Loic comme administrateur de la SRL (g\u00E9rants au sens de l\u0027article 9 des statuts actuels), et ce avec effet au 23/10/2024",
      "decharge_status": null,
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  },
  "act_meta": {
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}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Beheer van computerfaciliteiten62030Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Ontwerpen en programmeren van computerprogramma's62010Computerconsultancy-activiteiten62020Overige diensten op het gebied van informatietechnologie en computer62090Ontwerpen van computerprogramma’s62100Overige diensten op het gebied van informatietechnologie en computer62900Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Webportalen63120Activiteiten van webportalen63910
Primary activity highlighted.
Names & trade names
Legal nameFR TIME2CODE
Registered office
Vorstlaan 24
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative