TIMELESS DEVELOPERS
Open bankruptcyAre you a creditor?
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 8 October 2024
- Supervising judge
- Maarten De Voeght
- Official Gazette
- 14-10-2024 (pdf) ↗search the document for 2024/138800
Deadlines
- Provisional date payments stopped
- 8 October 2024A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 29 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 7 November 2024art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 6 December 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 8 October 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Peter HechtermansJustitiestraat 27 Bus 12, 2018 Antwerpen 1peter@hechtrecht.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Equity
- €36,311
- Loss
- -€2,269
- Largest shareholder
- SOLANA · 50%
Signalsraises riskOpen bankruptcy2022 accounts filed 60 days lateShow the evidence
Signals
This company filed its last 6 accounts on average 40 days after the deadline; the sector median (NACE 68) for financial year 2023 is 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Antwerp…
- Annual accounts filedfinancial year 2022 · abbreviated…
- Weakest financial yearnet -€2,269
Financials · financial year 2022, abbreviated format
2022 annual accounts filed late (60 days) Filed on 29 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00458623.
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result has fallen two years in a row; 2022 is 22% below 2021 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €640 | €2,202 | €2,048 | €2,489 | €1,184 | ▼ 52.4% |
| Other operating charges640/8 | - | - | - | €42,322 | €24,061 | ▼ 43.1% |
| Gross operating margin9900 | €119,579 | €302,291 | €777,195 | €79,643 | €52,534 | ▼ 34.0% |
| Operating profit (loss)9901 | €102,799 | €298,476 | €772,856 | €34,832 | €27,288 | ▼ 21.7% |
| Financial income75/76B | - | - | - | €1,865 | €4,206 | ▲ 125% |
| Recurring financial income75 | €125,415 | €619 | €1,511 | €1,865 | €4,206 | ▲ 125% |
| Financial charges65/66B | - | - | - | €33,454 | €31,206 | ▼ 6.7% |
| Recurring financial charges65 | €93,161 | €107,029 | €95,049 | €33,454 | €31,206 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €135,053 | €192,065 | €679,318 | €3,243 | €288 | ▼ 91.1% |
| Income taxes67/77 | - | - | - | €2,694 | €2,557 | ▼ 5.1% |
| Profit (loss) for the period9904 | €135,053 | €192,065 | €679,318 | €549 | -€2,269 | - |
| Profit (loss) for the period to be appropriated9905 | €135,053 | €192,065 | €679,318 | €549 | -€2,269 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.8m | €0.5m | €3.0m | €5.5m | €5.8m | ▲ 4.3% |
| Fixed assets21/28 | €0.004m | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 8.8% |
| Tangible fixed assets22/27 | €219 | €0.009m | €0.01m | €0.01m | €0.009m | ▼ 11.8% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.006m | ▼ 17.7% |
| Other tangible fixed assets26 | - | - | - | €0.003m | €0.003m | = |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.8m | €0.5m | €3.0m | €5.5m | €5.7m | ▲ 4.3% |
| Stocks and contracts in progress3 | €0.4m | €0.04m | €1.4m | €2.3m | €3.9m | ▲ 72.5% |
| Contracts in progress37 | - | - | - | €2.3m | €3.9m | ▲ 72.5% |
| Amounts receivable within one year40/41 | €0.01m | €0.09m | €1.5m | €3.2m | €1.8m | ▼ 43.9% |
| Trade receivables40 | - | - | - | €3.1m | €1.7m | ▼ 46.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | ▲ 37.4% |
| Cash at bank and in hand54/58 | €0.001m | €0.004m | €0.1m | €142 | €0.005m | ▲ 36× |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.004m | ▲ 124% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.8m | €0.5m | €3.0m | €5.5m | €5.8m | ▲ 4.3% |
| Equity10/15 | -€0.8m | -€0.6m | €0.04m | €0.04m | €0.04m | ▼ 5.9% |
| Contributions10/11 | €0.05m | €0.05m | - | €0.05m | €0.05m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | = |
| Tax-exempt reserves132 | - | - | - | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€1.1m | -€0.9m | -€0.2m | -€0.2m | -€0.2m | ▼ 1.1% |
| Amounts payable17/49 | €1.6m | €1.1m | €2.9m | €5.5m | €5.7m | ▲ 4.3% |
| Amounts payable after more than one year17 | €1.6m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.04m | €1.1m | €2.9m | €5.5m | €5.7m | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.5m | €3.5m | ▲ 43.8% |
| Trade debts44 | €0.04m | €0.06m | €0.1m | €2.9m | €2.2m | ▼ 24.7% |
| Suppliers440/4 | - | - | - | €2.9m | €2.2m | ▼ 24.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.001m | ▼ 99.0% |
| Taxes450/3 | - | - | - | €0.1m | €0.001m | ▼ 99.0% |
| Other amounts payable47/48 | - | - | - | - | €0.007m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,053 | €192,065 | €679,318 | €549 | -€2,269 | - |
| + Depreciation and write-downs630 | €640 | €2,202 | €2,048 | €2,489 | €1,184 | ▼ 52.4% |
| Operating cash flow (approximation) | €135,692 | €194,267 | €681,366 | €3,039 | -€1,085 | - |
| Investment in fixed assets (approximation) | - | -€10,692 | -€5,858 | €0 | €0 | - |
| Change in cash | - | €3,275 | €96,468 | -€100,821 | €5,003 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00458623 |
| 31-12-2021 | abbreviated format | 29-09-2022 | 2022-20439749 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59800387 |
| 31-12-2019 | abbreviated format | 17-11-2020 | 2020-70900162 |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-39500155 |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-33700372 |
| 31-12-2016 | abbreviated format | 21-09-2017 | 2017-61800233 |
| 31-12-2015 | abbreviated format | 22-06-2016 | 2016-20700440 |
| 31-12-2014 | abbreviated format | 05-06-2015 | 2015-15300031 |
| 31-12-2013 | abbreviated format | 05-06-2014 | 2014-15700271 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €161,404 awarded · €161,404 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Peter Hechtermans Justitiestraat 27 Bus 12, 2018 Antwerpen 1 |
08-10-2024 → present |
Owners and capital
Owners
1 ownerOwners 1
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
About the unread acts
We know of 7 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3652/00T003 | Flanders | 471 m² | 1 · 471 m² | 15.8 m · 4 |