Checked.be
Active
BE 0890.217.005Private limited company
Timelex
Joseph Stevensstraat 7 ·1000 Brussel, Belgium· 19 yrs active
Sector: Activities of lawyers
(69101)
Conclusion
Timelex has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €44k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 3176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.08M |
| Net result | €44k |
| Staff (FTE) | 3.6 |
| Better than sector | 51% |
Financial profile
67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
71
Profitability
20
Solvency
91
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
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
71
/ 100
Healthy
Computed from 4 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
€75k
estimate, not credit advice
Score history
86
2022
76
2023
79
2024
71
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 7.42 (≥ 1.5)
+10
Quick ratio
Quick ratio 7.42 (≥ 1.0)
+5
Leverage
Debt/equity 1.18 (< 2.0)
+3
Profitability
ROE 4%
+3
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 69, Legal and accounting activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.9% | 44.7% | |
| Net result | €44k | €98k | |
| Equity | €1.08M | €279k | |
| Gross operating margin | €309k | €331k | |
| Staff costs | €235k | €278k |
€73k
-12.4%
22-25
€44k
-4.1%
22-25
€56k
-3.1%
22-25
€2.35M
+5.5%
22-25
€1.08M
+4.3%
22-25
€2.00M
+16.7%
22-25
4
+9.1%
22-25
€235k
+2.6%
22-25
€20k
-25.1%
22-25
€1.27M
+6.6%
22-25
€311k
-35.6%
22-25
7.42
+63.3%
22-25
7.42
+63.3%
22-25
45.9%
-1.2%
22-25
1.18
+2.2%
22-25
4.1%
-8.0%
22-25
1.9%
-9.1%
22-25
56.34
+32.5%
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | -12.4% | -22.3% | -17.3% | - |
| Net profit | -4.1% | -18.0% | -4.7% | - |
| Cash flow | -3.1% | -24.4% | -21.8% | - |
| Staff costs | +2.6% | +4.0% | +19.5% | - |
| Income taxes | -25.1% | -12.7% | +1.7% | - |
| Dividends | - | - | - | - |
| Total assets | +5.5% | -33.2% | +92.7% | - |
| Equity | +4.3% | +4.6% | +6.0% | - |
| Debt | +6.6% | -49.1% | +193.9% | - |
| of which ≤ 1y | -35.6% | -37.2% | +78.5% | - |
| of which > 1y | - | - | - | - |
| Working capital | +16.7% | -32.4% | +101.0% | - |
| Employees (FTE) | +9.1% | 0.0% | +10.0% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 7.42 | 4.54 | 4.29 | 3.92 |
| Quick ratio | 7.42 | 4.54 | 4.29 | 3.92 |
| Working capital ratio | 85.0% | 76.8% | 75.9% | 72.7% |
| Solvency | 45.9% | 46.4% | 29.6% | 53.9% |
| Debt / equity | 1.18 | 1.15 | 2.37 | 0.86 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | 56.34 | 42.52 | 43.52 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.9% | 2.1% | 1.7% | 3.4% |
| ROE | 4.1% | 4.4% | 5.7% | 6.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.35M | €2.23M | €3.34M | €1.73M |
| Fixed assets | 21/28 | €42k | €34k | €36k | €42k |
| Tangible fixed assets | 22/27 | €30k | €22k | €24k | €30k |
| Financial fixed assets | 28 | €12k | €12k | €12k | €12k |
| Current assets | 29/58 | €2.31M | €2.19M | €3.30M | €1.69M |
| Amounts receivable within one year | 40/41 | €1.20M | €1.29M | €1.39M | €917k |
| Investments | 50/53 | €6k | €6k | €6k | €6k |
| Cash & bank | 54/58 | €1.10M | €903k | €1.90M | €767k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.35M | €2.23M | €3.34M | €1.73M |
| Equity | 10/15 | €1.08M | €1.03M | €989k | €933k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €1.07M | €1.03M | €983k | €927k |
| Amounts payable | 17/49 | €1.27M | €1.19M | €2.35M | €799k |
| Amounts payable within one year | 42/48 | €311k | €483k | €769k | €431k |
| Trade debts payable within one year | 44 | €289k | €461k | €733k | €401k |
| Income statement | |||||
| Gross operating margin | 9900 | €309k | €314k | €412k | €315k |
| Operating result | 9901 | €61k | €71k | €87k | €90k |
| Financial income | 75 | €3k | €2k | €2k | €938 |
| Financial charges | 65 | - | €1k | €3k | €3k |
| Result before taxes | 9903 | €64k | €72k | €86k | €88k |
| Income taxes | 67/77 | €20k | €26k | €30k | €30k |
| Net result for the period | 9904 | €44k | €46k | €56k | €59k |
| Result to be appropriated | 9905 | €44k | €46k | €56k | €59k |
Legal Structure
| NACE primary | Activities of lawyers(69101) |
| Legal form | Private limited company(610) |
| Incorporation | 20-06-2007 |
| Status | Active |
| Postal code | 1000 |
Establishment units
Joseph Stevensstraat 7, 1000 Brussel
since 20152.244.326.513
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1372/00K000 | Brussels | 2,159 m² | 1 · 2,113 m² | 88.8 m · 7 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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €44k ▼4.1%
Net result drops to €44k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €1MEq €1.03M ▲4.6%
3 profitable years in a row build equity to €1.03M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 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
Activities of lawyers69101
Names & trade names
| Legal nameNL | Timelex |
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