Summary
timelab has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2016 annual accounts show equity of €206,129 and a net result of €19,110. The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2016, abbreviated format
Equity
€206,129
Total assets
€254,990
Net result
€19,110
Working capital
€194,717
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
Assets €254,990
Fixed assets
€12,441
Current assets
€242,549
Equity and liabilities €254,990
Equity
€206,129
Debt
€48,861
Debt finances 19.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€23,554
Cash flow
€23,452
Current ratio
5.07
Debt to equity
0.00
ROE
9.3%
ROA
7.5%
Debt ≤ 1 year
€47,832
Debt > 1 year
€700
Annual accounts
| Line | 2016 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,342 |
| Gross operating margin9900 | €206,042 |
| Operating profit (loss)9901 | €19,212 |
| Recurring financial income75 | €173 |
| Recurring financial charges65 | €275 |
| Profit (loss) for the period before taxes9903 | €19,110 |
| Profit (loss) for the period9904 | €19,110 |
| Profit (loss) for the period to be appropriated9905 | €19,110 |
| Line | 2016 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €254,990 | |
| Fixed assets21/28 | €12,441 | |
| Tangible fixed assets22/27 | €5,291 | |
| Financial fixed assets28 | €7,150 | |
| Current assets29/58 | €242,549 | |
| Amounts receivable within one year40/41 | €58,294 | |
| Cash at bank and in hand54/58 | €183,951 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €254,990 | |
| Equity10/15 | €206,129 | |
| Profit (loss) carried forward14 | €206,129 | |
| Amounts payable17/49 | €48,861 | |
| Amounts payable after more than one year17 | €700 | |
| Amounts payable within one year42/48 | €47,832 | |
| Trade debts44 | €33,036 | |
| Line | 2016 |
|---|---|
| Profit (loss) for the period9904 | €19,110 |
| + Depreciation and write-downs630 | €4,342 |
| Operating cash flow (approximation) | €23,452 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-32700597 |
Similar companies · same sector, comparable size
PORT DE PLAISANCE DU GRAND LARGE A MONS
BE 0476.747.674
Mons · equity €205,988
SNOW EVENTS INTERNATIONAL
BE 0878.710.627
Comines-Warneton · equity €206,295
GAMES INDOOR DEVELOPMENT
BE 0470.877.887
Linkebeek · equity €209,040
SONO X-CLUSIVE
BE 0642.965.983
Jemeppe-sur-Sambre · equity €203,092
WHISK
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Lochristi · equity €210,038
Of the 6,693 active companies whose main activity is other amusement and recreation activities (NACE 93299), figures are known for 1,190. 786 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €1.6m awarded · €1.5m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €427,375 | €456,463 |
| 2024 | 2 | €449,332 | €414,589 |
| 2023 | 2 | €409,225 | €398,713 |
| 2022 | 1 | €270,603 | €244,331 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.