Checked.be
Active
BE 0555.705.773Private limited company
TIMEHOLE
Boomgaard 31 ·8340 Damme, Belgium· 12 yrs active
Sector: Computer programming
(62100)
Conclusion
TIMEHOLE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €8k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €79k |
| Net result | €8k |
| Better than sector | 44% |
| Active | 12 yrs |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
90
Profitability
52
Solvency
92
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
90
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
86
2023
100
2024
90
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.80 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.80 (≥ 1.0)
+5
Leverage
Debt/equity 0.88 (< 1.0)
+10
Profitability
ROE 10% (≥ 10%)
+10
Interest coverage
Interest coverage 23.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-10-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
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 and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.2% | 60.0% | |
| Net result | €8k | €29k | |
| Equity | €79k | €72k | |
| Gross operating margin | €40k | €55k | |
| Total assets | €149k | €141k |
€39k
-4.4%
23-25
€8k
-47.5%
23-25
€34k
-7.6%
23-25
€149k
-5.2%
23-25
€79k
-9.6%
23-25
€33k
+2.6%
23-25
€3k
-58.5%
23-25
€17k
-
23-25
€70k
+0.4%
23-25
€42k
+41.3%
23-25
€28k
-29.7%
23-25
1.80
-14.3%
23-25
1.80
-14.3%
23-25
53.2%
-4.7%
23-25
0.88
+11.0%
23-25
10.5%
-42.0%
23-25
5.6%
-44.7%
23-25
23.14
-8.1%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €39k | €41k | €11k |
| Net profit | €8k | €16k | €4k |
| Cash flow | €34k | €37k | €10k |
| Staff costs | - | - | - |
| Income taxes | €3k | €8k | €2k |
| Dividends | €17k | - | - |
| Total assets | €149k | €157k | €89k |
| Equity | €79k | €88k | €72k |
| Debt | €70k | €69k | €17k |
| of which ≤ 1y | €42k | €29k | €17k |
| of which > 1y | €28k | €40k | - |
| Working capital | €33k | €32k | €33k |
| Employees (FTE) | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 1.80 | 2.10 | 2.89 |
| Quick ratio | 1.80 | 2.10 | 2.89 |
| Working capital ratio | 22.2% | 20.6% | 36.5% |
| Solvency | 53.2% | 55.8% | 80.6% |
| Debt / equity | 0.88 | 0.79 | 0.24 |
| Long-term debt ratio | 0.36 | 0.46 | - |
| Interest coverage | 23.14 | 25.19 | 67.04 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 5.6% | 10.0% | 4.8% |
| ROE | 10.5% | 18.0% | 6.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €149k | €157k | €89k |
| Fixed assets | 21/28 | €74k | €95k | €39k |
| Tangible fixed assets | 22/27 | €74k | €95k | €10k |
| Financial fixed assets | 28 | - | €0 | €29k |
| Current assets | 29/58 | €75k | €62k | €50k |
| Amounts receivable within one year | 40/41 | €21k | €37k | €29k |
| Cash & bank | 54/58 | €52k | €18k | €18k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €149k | €157k | €89k |
| Equity | 10/15 | €79k | €88k | €72k |
| Contributions / capital | 10/11 | €12k | €12k | €12k |
| Reserves | 13 | €66k | €75k | €59k |
| Accumulated profits (losses) | 14 | €442 | €442 | €367 |
| Amounts payable | 17/49 | €70k | €69k | €17k |
| Amounts payable after one year | 17 | €28k | €40k | - |
| Amounts payable within one year | 42/48 | €42k | €29k | €17k |
| Trade debts payable within one year | 44 | €2k | €3k | €4k |
| Income statement | ||||
| Gross operating margin | 9900 | €40k | €45k | €12k |
| Operating result | 9901 | €13k | €20k | €5k |
| Financial income | 75 | €8 | €5k | €1k |
| Financial charges | 65 | €2k | €2k | €167 |
| Result before taxes | 9903 | €11k | €23k | €6k |
| Income taxes | 67/77 | €3k | €8k | €2k |
| Net result for the period | 9904 | €8k | €16k | €4k |
| Result to be appropriated | 9905 | €8k | €16k | €4k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 04-07-2014 |
| Status | Active |
| Postal code | 8340 |
Establishment units
Timehole
since 20142.232.778.266
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0522/00E002 | Flanders | 338 m² | 1 · 84 m² | 8.4 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2023net €16k ▲266%
Operating result €20k, net result €16k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming62100IT consultancy62020Computer consultancy and computer facilities management62200
Names & trade names
| Legal nameNL | TIMEHOLE |
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