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time2develop

Active Private limited companyfounded 2016active for 10 yearsDonkerstraat 46B, 2820 BonheidenKBO/BCE: BE 0646.678.808

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €47,061 (2021)
€38,334▲ 47.0%
peak €33,061 (2021)
€22,077▲ 57.7%
peak €186,545 (2024)
€149,422▼ 19.9%
€19,149▲ 224%
Board1 name since 2023
1 directorSchouterden Katleen
Owners
  
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €26,070 to €38,334Result from €13,995 to €22,077Dividend €59,200Equity from €186,545 to €149,422Debts from €5,911 to €19,149Cash from €128,601 to €9,468

Key points

from the 2025 annual accounts

Equity

€149,422 ▼ 19.9%
186,5452024+22,077Profit-59,200Dividend149,4222025

time2develop paid out €59,200 in dividends. That is 268% of the 2025 profit.

Liquidity

9.45 was 24.93 in 2024

Short-term debts rose from €5,911 to €13,902.

Filings

10 annual accounts 4 late
AprilJune31 JulyOctober20202025

The 2017 accounts came latest: 30 days after the end of the period.

Checked score

88
Excellent
Financially stronger than 56% of micro companies in employment activities (NACE 78)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 1,379 companies (NACE 78, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.2 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Strong

100=equity 88.6% of total assets
57-43short-term debt 8.2% · cash 5.6%
85+7return on assets 13.1%

Score breakdown

raises risk
Size: total assets €168,571
lowers risk
Equity €149,422 (88.6% of total assets)
Figures for financial year 2025 (filed on 22-06-2026)
Sector: Employment activities (NACE 78)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, micro). It does better than 89% of them on solvency, 50% on liquidity, 61% on profitability and 26% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 34,693 companies had the same profile as time2develop has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of time2develop itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,693 companies, not a prediction for time2develop. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €13,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 9.45 (24.93 in 2024), above the usual 1.5. Short-term debt is 8.2% and cash 5.6% of total assets. 11.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: total assets €168,571
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €149,422 (88.6% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 22-06-2026)
NBB · annual accounts
lowers risk · Sector: Employment activities (NACE 78)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
28 days late
2023
1 day early
2022
on the day
2021
32 days early
2020
31 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SK
Schouterden Katleen
Director
  • Katleen Schouterden 100%annual accounts 2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0646678808
Amendment of the articles · Legal-form change · Resignations & appointments Director in office: Schouterden Katleen · General meeting of 29-11-2023 · Gazette deed
Incorporation published on 19-01-2016 · Gazette deed
First establishment Donkerstraat 46 B, Bonheiden
All 18 events

Comparable companies

same main activity, similar in size and age
Company
time2develop Bonheiden €168,571 €38,334 88.6% -
LDS HR Services Brasschaat €152,097 €40,441 90.8% -
SAKURA KANJI Zoersel €149,770 €45,982 33.0% -
APPLISQUARE Waregem €188,505 €38,767 8.4% -
DG Consulting Mortsel €180,600 €38,765 3.1% -
Herssens Advisory Edegem €204,802 €40,334 28.5% -
24 Seven Antwerp €115,697 €30,845 15.1% -

These companies have the same main activity as time2develop: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €116,000 and €205,000, founded between 2015 and 2018.

Official details

Source: KBO
Status
Active since 15-01-2016Normal situation
Activity
Employment placement agenciesNACE 78100
Establishment unit
2.249.486.4182820 Bonheiden, since 15-01-2016
Financial year end
31 December
Peppol
Reachable since 21-09-2025
Company details

Annual accounts 2025

€38,334▲ 47.0%
≈ €150,000estimated
€22,077▲ 57.7%
€149,422▼ 19.9%
€168,571▼ 12.4%
≈ 0.1 FTEestimated
Filing
Filed on 22-06-2026, 39 days before the end of the filing period
Financials

Insights on time2develop

time2develop files the micro format. That format states no turnover. The gross margin rose from €23,039 in 2016 to €38,334 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 22-06-2026, 39 days before the deadline
€38,334
▲ 47.0%
€26,757
▲ 53.1%
€22,077
▲ 57.7%
€117,421
▼ 17.0%
88.6%
▼ 8.3 percentage points
9.45
▼ 15.48

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €150,000. Estimated: probably between €93,000 and €280,000.

Balance sheet

balance sheet total €168,571 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

88.6%

Higher than 90% of 981 companies in 2025.

9.45

Higher than 90% of 947 companies in 2025.

13.1%

Higher than 53% of 950 companies in 2025.

time2develop Middle half of the sector 80% of the sector Micro accounts in employment activities (NACE 78)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 168,571192,456178,093160,088156,685105,67193,11967,14850,92639,968
21/28 37,24845,10952,97060,8317,063-7211,4412,1622,883
22/27 37,24845,10952,97060,8317,063-7211,4412,1622,883
24 33,18540,29747,40854,518--7211,4412,1622,883
26 4,0634,8125,5626,3137,063-----
29/58 131,323147,347125,12399,257149,622105,67192,39865,70748,76437,085
40/41 38,78016,79813,30112,74320,2197,70810,39210,70811,3223,416
40 29,98511,82810,36611,77420,2197,70810,3929,78310,6323,416
41 8,7964,9702,935969---925690-
50/53 80,000---------
54/58 9,468128,601110,28384,954129,10397,66381,70654,99937,44233,669
490/1 3,0741,9481,5391,560300300300---
Balance sheet: equity and liabilities
10/49 168,571192,456178,093160,088156,685105,67193,11967,14850,92639,968
10/15 149,422186,545172,550155,004130,84397,78280,04260,43245,46832,855
10/11 18,60020,46020,46018,60018,60018,60018,60018,60018,60018,600
10 ---18,600------
100 ---18,600-18,60018,60018,60018,60018,600
13 130,822166,085152,090136,404112,24379,18261,44241,83226,86814,255
130/1 ---1,8601,8601,860----
130 ---1,860-1,8601,8601,8601,8601,860
1311 ----1,860-----
133 130,822166,085152,090134,544110,38377,32259,58239,97225,00812,395
17/49 19,1495,9115,5435,08425,8427,88913,0776,7165,4587,113
42/48 13,9025,9113,6815,08425,8427,88913,0776,7165,4587,113
44 5,0531,5131,4881,4221,0743,4771,2519071,240703
440/4 5,0531,5131,4881,4221,0743,4771,2519071,240703
45 5,0522,5362,1931,8009,9522,5963,5352,0262,3655,236
450/3 5,0522,5362,1931,8009,9522,5963,5352,0262,3655,236
47/48 3,7971,862-1,86214,8161,8168,2913,7831,8531,174
492/3 5,247-1,862-------
Income statement
9900 38,33426,07033,45839,02247,06126,50229,88822,40020,40123,039
62 2,434---------
630 7,8617,8617,8613,120437721721721721721
640/8 1,2827271,2261,2101,020942916910903996
9901 26,75717,48224,37134,69245,60424,83928,25120,76918,77721,322
75/76B 1,3692,265387-----2-
75 1,3692,265387-----2-
65/66B 54454745465439395037
65 54454745465439395037
9903 28,07319,70224,71134,64745,55824,78528,21220,73018,72921,285
67/77 5,9965,7077,16510,48612,4977,0458,6025,7656,1167,030
9904 22,07713,99517,54624,16133,06117,74019,61014,96512,61314,255
9905 22,07713,99517,54624,16133,06117,74019,61014,96512,61314,255
Appropriation of the result
9906 22,07713,99517,54624,16133,06117,74019,61014,96512,61314,255
791/2 59,200---------
691/2 22,07713,99517,54624,16133,06117,74019,61014,96512,61314,255
6920 ---------1,860
6921 22,07713,99517,54624,16133,06117,74019,61014,96512,61312,395
694/7 59,200---------
694 59,200---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 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.

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-06-2026 2026-00187735 PDF
31-12-2024 micro format 28-08-2025 2025-00477961 PDF
31-12-2023 micro format 30-07-2024 2024-00328133 PDF
31-12-2022 micro format 31-07-2023 2023-00291793 PDF
31-12-2021 micro format 29-06-2022 2022-20107126 PDF
31-12-2020 micro format 30-06-2021 2021-27800107 PDF
31-12-2019 micro format 30-06-2020 2020-23600464 PDF
31-12-2018 micro format 29-08-2019 2019-56400185 PDF
31-12-2017 micro format 30-08-2018 2018-58100131 PDF
31-12-2016 micro format 29-08-2017 2017-50100372 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
34,61825,34332,23237,81246,04125,56028,97221,49019,49822,043
29,93821,85625,40727,28133,49818,46120,33115,68613,33414,976
00056,8897,50001003,604
-119,13318,31825,329-44,14931,44015,95726,70717,5573,773-
117,421141,436121,44294,173123,78097,78279,32158,99143,30629,972
88.6%96.9%96.9%96.8%83.5%92.5%86.0%90.0%89.3%82.2%
9.4524.9333.9919.525.7913.397.079.788.935.21
0.130.030.030.030.200.080.160.110.120.22
14.8%7.5%10.2%15.6%25.3%18.1%24.5%24.8%27.7%43.4%
13.1%7.3%9.9%15.1%21.1%16.8%21.1%22.3%24.8%35.7%
over 100over 100over 100over 100over 100-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€56,889€7,500
€7,861€7,861€7,861€3,120€437

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

Insights on time2develop

The operating result for 2025 is 53% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 3.1% to 11.4%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2023
Schouterden Katleen
Director
in office according to the deed of 28-12-2023
listed in the 2025 annual accounts, filed on 22-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Schouterden Katleen
Director
Boardmandate already running before its first mention
Mandates as a list
  • Schouterden Katleen
    • Director, since before 28-12-2023

See the board, name and registered office on a given date →

Control

Shareholder
Katleen Schouterden
186 voting rights
100%
This company
time2develop
Equity €149,422
Profit €22,077 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Katleen Schouterden
natural person
100%
Owners as a list

Source: shareholder structure in its own accounts

Articles of association

deed of 28-12-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
1 June at 19:00

Network & group

No group

time2develop has no parent and no holdings in its annual accounts. Schouterden Katleen is the only director.

Connections & network

1 current director
Depth

The network starts from the directors of time2develop. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 39 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0646678808
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Amendment of the articles · Legal-form change · Resignations & appointmentsDirector in office: Schouterden Katleen · General meeting of 29-11-20232 points ▸
  • General meeting, 29-11-2023
  • Registered office clause, Donkerstraat 46B
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Liquidity more than triples current ratio 19.52 The current ratio rises from 5.79 to 19.52. Short-term debt falls from €25,842 to €5,084.
Equity above €150,000 equity €155,004 ▲18.5% With a profit in every financial year since 2016, equity grows to €155,004.
Annual accounts 2021 filed PDFmicro format · 32 days before the deadline
2021
Highest result from 2016 to 2025 net €33,061 ▲86.4% The operating result of €45,604 and the net result of €33,061 are both a record.
Equity above €100,000 equity €130,843 ▲33.8% With a profit in every financial year since 2016, equity grows to €130,843.
Annual accounts 2020 filed PDFmicro format · 31 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 31 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 29 days late
2018
Annual accounts 2017 filed PDFmicro format · 30 days late
2017
Annual accounts 2016 filed PDFmicro format · 29 days late
2016
Incorporation PDFpublished on 19-01-2016
First establishment Donkerstraat 46 B, Bonheiden

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Time2develop was incorporated on 15 January 2016.1 Total assets rose from €67,148 in 2018 to €168,571 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0646.678.808
VAT number
BE 0646.678.808
Peppol ID
0208:0646678808
Legal form
Private limited company
Status
Active, normal situation
Founded
15-01-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
1 June at 19:00
deed of 28-12-2023 (in Dutch)
Peppol
Reachable since 21-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
time2develop in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in Dutch)
Name clauseThe company operates under this name according to its articles.
Time2develop
deed of 28-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-12-2023 (in Dutch)

Activities

NACEBEL 2025
78100 Employment placement agencies main activity
Codes under NACEBEL 2008
78100 Employment placement agencies main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Donkerstraat 46 B registered office 2820 Bonheiden 15-01-2016 2.249.486.418

Buildings and parcels at the addresses

Ground area
6,889 m²
Buildings
687 m²
Volume, LiDAR
3,264 m³
Tallest building
22.8 m
Buildings to scale, each on its own parcel
432 m², 22.8 m 255 m², 6.9 m 432 m², 22.8 m 255 m², 6.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
12031B0614/00F0003,651 m² 1 · 432 m² 22.8 m · 1
12031B0617/00B0003,238 m² 1 · 255 m² 6.9 m · 2