Checked.be
Active
BE 0876.754.195Private limited company
TIMELESS VALUE
Ijsbeerlaan 7 ·9850 Deinze, Belgium· 20 yrs active
Sector: Other business support services
(82990)
Conclusion
The file of TIMELESS VALUE contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 8.3% (elevated). The 2024 annual accounts show equity of €885k and a net result of €-51k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 2277 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €885k |
| Net result | €-51k |
| Better than sector | 22% |
| Active | 20 yrs |
Financial profile
30
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
17
Solvency
20
Growth
52
Stability
60
Bankruptcy probability (12 mo)
Risk Assessment
10 / 100
Moderate riskComponents
· 1 judicial reorganisation (+10)
Trust signals
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
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
0
/ 100
Critical
Computed from 6 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
No credit
negative equity or figures too weak
Score history
60
2020
7
2021
31
2022
38
2023
15
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.98 (< 1.0)
-10
Leverage
Debt/equity 5.96 (> 3.0)
-10
Profitability
Negatieve ROE -6%
-10
EBITDA margin
EBITDA-marge 10% (≥ 10%)
+8
Interest coverage
Interest coverage 0.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Reorganisation
1 WER Boek XX-event(s)
-20
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · abbreviated schema
Sector comparison
Fiscal year 2024 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.4% | 44.7% | |
| Net result | €-51k | €34k | |
| Equity | €885k | €341k | |
| Gross operating margin | €62k | €118k | |
| Total assets | €6.16M | €1.01M |
€87k
-
20-24
€9k
-
20-24
€-51k
-
20-24
€-5k
-
20-24
€6.16M
-3.8%
20-24
€885k
-5.5%
20-24
€-99k
-43.5%
20-24
0
-
20-24
€24k
-
20-24
€5.28M
-3.5%
20-24
€5.28M
-3.0%
20-24
€0
-100.0%
20-24
0.98
-0.6%
20-24
0.98
-0.6%
20-24
14.4%
-1.7%
20-24
5.96
+2.1%
20-24
-5.8%
-
20-24
-0.8%
-
20-24
-58.7%
-
20-24
10.2%
-
20-24
0.63
-
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | €87k | - | - | - | - |
| EBITDA | €9k | €-25k | €-13k | €11k | €120k |
| Net profit | €-51k | €440k | €41k | €-109k | €107k |
| Cash flow | €-5k | €603k | €99k | €-46k | €165k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | €24k | - | €0 | €-875 |
| Dividends | - | - | - | - | - |
| Total assets | €6.16M | €6.40M | €6.83M | €7.37M | €8.69M |
| Equity | €885k | €936k | €495k | €455k | €564k |
| Debt | €5.28M | €5.47M | €6.34M | €6.91M | €8.13M |
| of which ≤ 1y | €5.28M | €5.44M | €6.26M | €6.74M | €7.92M |
| of which > 1y | - | €0 | €51k | €124k | €205k |
| Working capital | €-99k | €-69k | €-2.48M | €-2.38M | €-2.16M |
| Employees (FTE) | - | 0.0 | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.98 | 0.99 | 0.60 | 0.65 | 0.73 |
| Quick ratio | 0.98 | 0.99 | 0.60 | 0.65 | 0.73 |
| Working capital ratio | -1.6% | -1.1% | -36.2% | -32.3% | -24.8% |
| Solvency | 14.4% | 14.6% | 7.2% | 6.2% | 6.5% |
| Debt / equity | 5.96 | 5.84 | 12.80 | 15.21 | 0.36 |
| Long-term debt ratio | - | 0.00 | 0.10 | 0.27 | 0.36 |
| Interest coverage | 0.63 | -0.06 | -0.01 | 0.01 | - |
| Gross margin | 0.8% | - | - | - | - |
| Net margin | -58.7% | - | - | - | - |
| ROA | -0.8% | 6.9% | 0.6% | -1.5% | 1.2% |
| ROE | -5.8% | 47.1% | 8.2% | -24.0% | 19.0% |
| EBITDA margin | 10.2% | - | - | - | - |
| Days sales outstanding | 353d | - | - | - | - |
| Days payable outstanding | 117d | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €6.16M | €6.40M | €6.83M | €7.37M | €8.69M |
| Fixed assets | 21/28 | €984k | €1.03M | €3.05M | €3.01M | €2.92M |
| Tangible fixed assets | 22/27 | €984k | €1.03M | €1.18M | €1.23M | €1.14M |
| Financial fixed assets | 28 | - | €0 | €1.87M | €1.78M | €1.78M |
| Current assets | 29/58 | €5.18M | €5.37M | €3.78M | €4.36M | €5.77M |
| Amounts receivable within one year | 40/41 | €4.90M | €1k | €405k | €420k | €5.63M |
| Cash & bank | 54/58 | €57 | €47k | €62k | €53k | €140k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.16M | €6.40M | €6.83M | €7.37M | €8.69M |
| Equity | 10/15 | €885k | €936k | €495k | €455k | €564k |
| Contributions / capital | 10/11 | €74k | €74k | €74k | €74k | - |
| Reserves | 13 | €810k | €861k | €421k | €380k | €489k |
| Amounts payable | 17/49 | €5.28M | €5.47M | €6.34M | €6.91M | €8.13M |
| Amounts payable after one year | 17 | - | €0 | €51k | €124k | €205k |
| Amounts payable within one year | 42/48 | €5.28M | €5.44M | €6.26M | €6.74M | €7.92M |
| Trade debts payable within one year | 44 | €28k | €14k | €10k | €4k | €56k |
| Income statement | ||||||
| Turnover | 70 | €87k | - | - | - | - |
| Gross operating margin | 9900 | €62k | €53k | €-9k | €16k | €131k |
| Operating result | 9901 | €-37k | €-188k | €-72k | €-51k | €62k |
| Financial income | 75 | - | €598k | €1.09M | €1.04M | €1.20M |
| Financial charges | 65 | €14k | €445k | €974k | €1.10M | €1.15M |
| Result before taxes | 9903 | €-51k | €465k | €41k | €-109k | €106k |
| Income taxes | 67/77 | - | €24k | - | €0 | €-875 |
| Net result for the period | 9904 | €-51k | €440k | €41k | €-109k | €107k |
| Result to be appropriated | 9905 | €-51k | €440k | €41k | €-109k | €107k |
Legal Structure
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 13-10-2005 |
| Status | Active |
| Postal code | 9850 |
| First insolvency signal | 06-07-2026 |
| Latest insolvency signal | 06-07-2026 |
Establishment units
TIMELESS VALUE BVBA
since 20052.150.377.558
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049F0353/00M000 | Flanders | 5,942 m² | 1 · 401 m² | 9.0 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.
Updates
2026
06-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif_pme · event 30-06-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €440k ▲980%
Net result €440k, the highest in the series.
31-12
Financial
Equity above €500kEq €936k ▲88.9%
2 profitable years in a row build equity to €936k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-109k ▼202%
Net result drops to €-109k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 87 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
06-07-2026
Judicial reorganisation
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 6 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
Other business support services82990Other financial services64999Activities of head offices70100Business and other management consultancy70200
Names & trade names
| Legal nameNL | TIMELESS VALUE |
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