TIMELAN
Bankruptcy closedInactive since 27-05-2026; last annual accounts for fiscal year 2023.
Summary
TIMELAN was declared bankrupt on 04-03-2025 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 26-05-2026, published in the Belgian State Gazette on 01-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-06-2024, 56 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
56 d early
2022
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€16,536
2022 · €1,094
Total assets
€8,361▼ 65.8%
2022 · €24,440
Net result
-€17,630▼ 259%
2022 · -€4,906
Working capital
-€14,901▼ 215%
2022 · -€4,731
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result-€4,549--€16,815▼ 270%
Net result-€4,906--€17,630▼ 259%
Equity€1,094--€16,536
Total assets€24,440-€8,361▼ 65.8%
Debt€23,346-€24,897▲ 6.6%
Working capital-€4,731--€14,901▼ 215%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,815 in 2023 against €4,549 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €8,361
Fixed assets
€6,257 ▼ 66.3%
Current assets
€2,104 ▼ 64.2%
Key figures and ratios
EBITDA
-€15,824▼
2022 · €1,644
Cash flow
-€16,639▼
2022 · €1,287
Solvency
-197.8%▼
2022 · 4.5%
Current ratio
0.12▼
2022 · 0.55
Quick ratio
0.07▼
2022 · 0.26
Debt to equity
-1.51▼
2022 · 21.33
ROA
-210.9%▼
2022 · -20.1%
Interest coverage
-19.43▼
2022 · 2.84
Debt ≤ 1 year
€17,005▲
2022 · €10,606
Debt > 1 year
€7,876▼
2022 · €12,740
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €474 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,193 | €991 | ▼ 84.0% |
| Other operating charges640/8 | €2,112 | €1,319 | ▼ 37.6% |
| Non-recurring operating charges66A | - | €5,594 | - |
| Gross operating margin9900 | €3,756 | -€8,912 | ▼ 337% |
| Operating profit (loss)9901 | -€4,549 | -€16,815 | ▼ 270% |
| Financial income75/76B | €223 | - | - |
| Recurring financial income75 | €223 | - | - |
| Financial charges65/66B | €580 | €815 | ▲ 40.5% |
| Recurring financial charges65 | €580 | €815 | ▲ 40.5% |
| Profit (loss) for the period before taxes9903 | -€4,906 | -€17,630 | ▼ 259% |
| Profit (loss) for the period9904 | -€4,906 | -€17,630 | ▼ 259% |
| Profit (loss) for the period to be appropriated9905 | -€4,906 | -€17,630 | ▼ 259% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €24,440 | €8,361 | ▼ 65.8% |
| Fixed assets21/28 | €18,565 | €6,257 | ▼ 66.3% |
| Tangible fixed assets22/27 | €15,565 | €3,257 | ▼ 79.1% |
| Plant, machinery and equipment23 | €15,295 | €3,063 | ▼ 80.0% |
| Furniture and vehicles24 | €269 | €193 | ▼ 28.2% |
| Financial fixed assets28 | €3,000 | €3,000 | = |
| Current assets29/58 | €5,875 | €2,104 | ▼ 64.2% |
| Stocks and contracts in progress3 | €3,069 | €940 | ▼ 69.4% |
| Stocks30/36 | €3,069 | €940 | ▼ 69.4% |
| Amounts receivable within one year40/41 | €87 | €191 | ▲ 120% |
| Trade receivables40 | - | €104 | - |
| Other amounts receivable41 | €87 | €87 | = |
| Cash at bank and in hand54/58 | €2,720 | €974 | ▼ 64.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €24,440 | €8,361 | ▼ 65.8% |
| Equity10/15 | €1,094 | -€16,536 | ▼ 1,611% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€4,906 | -€22,536 | ▼ 359% |
| Amounts payable17/49 | €23,346 | €24,897 | ▲ 6.6% |
| Amounts payable after more than one year17 | €12,740 | €7,876 | ▼ 38.2% |
| Financial debts170/4 | €12,740 | €7,876 | ▼ 38.2% |
| Amounts payable within one year42/48 | €10,606 | €17,005 | ▲ 60.3% |
| Current portion of amounts payable after more than one year42 | €5,884 | €5,312 | ▼ 9.7% |
| Trade debts44 | €1,050 | €9,376 | ▲ 793% |
| Suppliers440/4 | €1,050 | €9,376 | ▲ 793% |
| Taxes, remuneration and social security45 | €3,072 | €477 | ▼ 84.5% |
| Taxes450/3 | €1,772 | €477 | ▼ 73.1% |
| Remuneration and social security454/9 | €1,300 | - | - |
| Other amounts payable47/48 | €601 | €1,839 | ▲ 206% |
| Accrued charges and deferred income492/3 | - | €15 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€4,906 | -€17,630 | ▼ 259% |
| + Depreciation and write-downs630 | €6,193 | €991 | ▼ 84.0% |
| Operating cash flow (approximation) | €1,287 | -€16,639 | ▼ 1,393% |
| Investment in fixed assets (approximation) | - | €11,317 | - |
| Change in cash | - | -€1,746 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 26-05-2026
2025
10-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 04-03-2025
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalNBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Anzegem
Ground area
439 m²
Building footprint
78 m²
Volume, LiDAR
306 m³
Parcel 34002F1049/00Z000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002F1049/00Z000 | Flanders | 439 m² | 1 · 78 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER-
LIJK |
04-03-2025 → 26-05-2026 |
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2021
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.