time2develop
ActiveSummary
time2develop has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187k and a net result of €14k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 95% of 997 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 24.93 against 33.99 in 2023; short-term debt: 3.1% and cash: 66.8% of total assets), and 3.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
1 d early
2022
on the day
2021
32 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€187k▲ 8.1%
2023 · €173k
2018: €60k
2019: €80k
2020: €98k
2021: €131k
2022: €155k
2023: €173k
2018 → 2024
Total assets
€192k▲ 8.1%
2023 · €178k
2018: €67k
2019: €93k
2020: €106k
2021: €157k
2022: €160k
2023: €178k
2018 → 2024
Net result
€14k▼ 20.2%
2023 · €18k
2018: €15k
2019: €20k
2020: €18k
2021: €33k
2022: €24k
2023: €18k
2018 → 2024
Working capital
€141k▲ 16.5%
2023 · €121k
2018: €59k
2019: €79k
2020: €98k
2021: €124k
2022: €94k
2023: €121k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€131k▲ 33.8%€155k▲ 18.5%€173k▲ 11.3%€187k▲ 8.1%
Operating result€25k-€46k▲ 83.6%€35k▼ 23.9%€24k▼ 29.8%€17k▼ 28.3%
Net result€18k-€33k▲ 86.4%€24k▼ 26.9%€18k▼ 27.4%€14k▼ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 28% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192k
Fixed assets
€45k ▼ 14.8%
Current assets
€147k ▲ 17.8%
Equity and liabilities €192k
Equity
€187k ▲ 8.1%
Debt
€6k ▲ 6.6%
Debt's share of the balance-sheet total stays at 3.1%.
Key figures and ratios
EBITDA
€25k▼
2023 · €32k
Cash flow
€22k▼
2023 · €25k
Current ratio
24.93▼
2023 · 33.99
Debt to equity
0.03▼
2023 · 0.03
ROE
7.5%▼
2023 · 10.2%
ROA
7.3%▼
2023 · 9.9%
Interest coverage
563.18▼
2023 · 685.79
Debt ≤ 1 year
€6k▲
2023 · €4k
Income taxes
€6k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€178k€192k▲
Fixed assets21/28€53k€45k▼
Tangible fixed assets22/27€53k€45k▼
Furniture and vehicles24€47k€40k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€125k€147k▲
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€110k€129k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€178k€192k▲
Equity10/15€173k€187k▲
Contributions10/11€20k€20k=
Reserves13€152k€166k▲
Distributable reserves133€152k€166k▲
Amounts payable17/49€6k€6k▲
Amounts payable within one year42/48€4k€6k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€1k€727▼
Gross operating margin9900€33k€26k▼
Operating profit (loss)9901€24k€17k▼
Financial income75/76B€387€2k▲
Recurring financial income75€387€2k▲
Financial charges65/66B€47€45▼
Recurring financial charges65€47€45▼
Profit (loss) for the period before taxes9903€25k€20k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€18k€14k▼
Profit (loss) for the period to be appropriated9905€18k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€14k▼
Transfer to equity691/2€18k€14k▼
To other reserves6921€18k€14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €14k ▼20.2%
Net result drops to €14k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 19.52
Current ratio from 5.79 to 19.52; short-term debt falls from €26k to €5k.
31-12
Financial
Equity above €150kEq €155k ▲18.5%
5 profitable years in a row build equity to €155k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €33k ▲86.4%
Operating result €46k, net result €33k, both a record.
31-12
Financial
Equity above €100kEq €131k ▲33.8%
4 profitable years in a row build equity to €131k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bonheiden · 1 establishment unit since 2016
Ground area
6,889 m²
Building footprint
687 m²
Volume, LiDAR
3,264 m³
2 parcels, Flanders · tallest building 22.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
time2develop
since 20162.249.486.418
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0614/00F000 | Flanders | 3,651 m² | 1 · 432 m² | 22.8 m · 1 fl. |
| 12031B0617/00B000 | Flanders | 3,238 m² | 1 · 255 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,361 companies in sector 78100 we hold annual accounts for 1,364. 1,069 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.