TIMELESS
ActiveSummary
TIMELESS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €604k and a net result of €25k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 57% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-5
Solvency65=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.43 in 2023; short-term debt: 60.2% and cash: 0.1% of total assets), and 60.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
181921222324
2018 to 2024 · latest year €604k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
22 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
174 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▼ 71.7%
2023 · €89k
Working capital
€-656k▼ 29.9%
2023 · €-505k
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
Line20192021202220232024
Operating result€-155k▼ 926%€-27k-€120k€107k▼ 11.4%€43k▼ 59.4%
Net result€-180k▼ 337%€-40k-€115k€89k▼ 22.8%€25k▼ 71.7%
Equity€472k▼ 27.6%€1.09M-€489k▼ 55.2%€579k▲ 18.2%€604k▲ 4.4%
Total assets€3.64M▲ 72.9%€2.07M-€1.55M▼ 25.3%€1.46M▼ 5.8%€1.52M▲ 4.4%
Debt€3.17M▲ 118%€978k-€1.06M▲ 8.2%€880k▼ 16.9%€918k▲ 4.4%
Working capital€-1.64M▼ 176%€4k-€-597k€-505k▲ 15.3%€-656k▼ 29.9%
Staff (FTE)6.7▲ 34.0%0
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.26M ▲ 16.5%
Current assets
€259k ▼ 30.7%
Equity and liabilities €1.52M
Equity
€604k ▲ 4.4%
Debt
€918k ▲ 4.4%
Debt's share of the balance-sheet total stays at 60.3%.
Key figures and ratios
EBITDA
€45k▼
2023 · €109k
Cash flow
€27k▼
2023 · €91k
Current ratio
0.28▼
2023 · 0.43
Debt to equity
1.52=
2023 · 1.52
ROE
4.2%▼
2023 · 15.4%
ROA
1.7%▼
2023 · 6.1%
Interest coverage
11.90▲
2023 · 8.55
Debt ≤ 1 year
€916k▲
2023 · €879k
Income taxes
€14k▲
2023 · €6k
Staff costs
€118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €118k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €340k | €4k | €2k | €2k | €2k | ▼ 17.1% |
| Other operating charges640/8 | - | €81k | €63k | €69k | €71k | ▲ 4.1% |
| Gross operating margin9900 | €576k | €58k | €186k | €178k | €235k | ▲ 32.1% |
| Operating profit (loss)9901 | €-155k | €-27k | €120k | €107k | €43k | ▼ 59.4% |
| Financial income75/76B | - | €441 | €4k | €954 | - | - |
| Recurring financial income75 | €1k | €441 | €4k | €954 | - | - |
| Financial charges65/66B | - | €13k | €9k | €13k | €4k | ▼ 70.2% |
| Recurring financial charges65 | €26k | €13k | €9k | €13k | €4k | ▼ 70.2% |
| Profit (loss) for the period before taxes9903 | €-180k | €-40k | €115k | €95k | €40k | ▼ 58.4% |
| Income taxes67/77 | - | - | - | €6k | €14k | ▲ 148% |
| Profit (loss) for the period9904 | €-180k | €-40k | €115k | €89k | €25k | ▼ 71.7% |
| Profit (loss) for the period to be appropriated9905 | €-180k | €-40k | €115k | €89k | €25k | ▼ 71.7% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.64M | €2.07M | €1.55M | €1.46M | €1.52M | ▲ 4.4% |
| Fixed assets21/28 | €2.40M | €1.09M | €1.09M | €1.08M | €1.26M | ▲ 16.5% |
| Intangible fixed assets21 | €8k | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.39M | €1.09M | €1.09M | €1.08M | €1.26M | ▲ 16.4% |
| Land and buildings22 | - | €1.08M | €1.08M | €1.08M | €1.08M | = |
| Plant, machinery and equipment23 | - | €5k | €3k | €2k | €182k | ▲ 8,986% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | - | - |
| Financial fixed assets28 | €121 | - | - | - | €62 | - |
| Current assets29/58 | €1.24M | €982k | €462k | €374k | €259k | ▼ 30.7% |
| Amounts receivable within one year40/41 | €1.00M | €910k | €347k | €284k | €257k | ▼ 9.4% |
| Trade receivables40 | - | €199k | €293k | €234k | €257k | ▲ 10.0% |
| Other amounts receivable41 | - | €711k | €54k | €50k | - | - |
| Cash at bank and in hand54/58 | €223k | €73k | €108k | €84k | €808 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | - | - | €6k | €7k | €1k | ▼ 78.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.64M | €2.07M | €1.55M | €1.46M | €1.52M | ▲ 4.4% |
| Equity10/15 | €472k | €1.09M | €489k | €579k | €604k | ▲ 4.4% |
| Contributions10/11 | €151k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €174k | €309k | €165k | €165k | €165k | = |
| Non-distributable reserves130/1 | - | €35k | €15k | €15k | €15k | = |
| Legal reserve130 | - | €35k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | - | €72k | €33k | €33k | €33k | = |
| Distributable reserves133 | - | €202k | €117k | €117k | €117k | = |
| Profit (loss) carried forward14 | €147k | €721k | €262k | €351k | €376k | ▲ 7.2% |
| Amounts payable17/49 | €3.17M | €978k | €1.06M | €880k | €918k | ▲ 4.4% |
| Amounts payable after more than one year17 | €285k | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.89M | €978k | €1.06M | €879k | €916k | ▲ 4.1% |
| Trade debts44 | €221k | €259k | €99k | €85k | €337k | ▲ 295% |
| Suppliers440/4 | - | €259k | €99k | €85k | €337k | ▲ 295% |
| Taxes, remuneration and social security45 | - | €21k | €0 | €7k | €43k | ▲ 514% |
| Taxes450/3 | - | €21k | €0 | €7k | €22k | ▲ 220% |
| Remuneration and social security454/9 | - | - | - | - | €21k | - |
| Other amounts payable47/48 | - | €698k | €960k | €787k | €536k | ▼ 31.9% |
| Accrued charges and deferred income492/3 | - | - | - | €127 | €2k | ▲ 1,649% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-180k | €-40k | €115k | €89k | €25k | ▼ 71.7% |
| + Depreciation and write-downs630 | €340k | €4k | €2k | €2k | €2k | ▼ 17.1% |
| Operating cash flow (approximation) | €160k | €-36k | €118k | €91k | €27k | ▼ 70.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €-180k | - |
| Change in cash | - | - | €35k | €-24k | €-83k | ▼ 240% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-12
Financial
Equity above €500kEq €579k ▲18.2%
2 profitable years in a row build equity to €579k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €115k
Net result €115k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.00
Current ratio from 0.43 to 1.00; short-term debt falls from €2.89M to €978k.
31-12
Financial
Equity above €1MEq €1.09M ▲132%
Equity rises from €472k to €1.09M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 174 days late
2019
31-12
Financial
Weakest financial yearnet €-180k
Net result drops to €-180k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Sprimont · 1 establishment unit since 2009
Ground area
9,925 m²
Building footprint
1,704 m²
Volume, LiDAR
10,494 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARROSSERIE DES VENNES
since 20092.177.249.825
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0096/00K002 | Wallonia | 9,394 m² | 1 · 1,471 m² | 8.5 m · 2 fl. |
| 62100C1115/00C000 | Wallonia | 531 m² | 1 · 233 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 12,041 companies in sector 68203 we hold annual accounts for 5,994. 4,380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.