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Timelex

Active
Private limited companyfounded 2007active for 19 yearsJoseph Stevensstraat 7, 1000 Brussel, BelgiumKBO/BCE: BE 0890.217.005
Summary

Timelex has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €44,021. Equity has been growing by about 5.7% per year since 2019. Its solvency ranks better than 52% of 4,124 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 20-06-2007 Normal situation
Registered office
182 active companies are registered at this address 10 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity
Activities of lawyers NACE 69101
Joint committee
336 Paritair Comité voor de vrije beroepen · annual accounts 30-06-2025
Establishment unit
2.244.326.513 1000 Brussel, since 01-07-2015
Financial year end
30 June
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • Edwin Jacobs BVDirector
  • Geert Somers Legal BVDirector
  • Graux-ITLaw BVDirector
and 1 other

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-06-2025
Gross margin
€309,276
▼ 1.4%
Turnover
≈ €530,000
estimated
Profit
€44,021
▼ 4.1%
Equity
€1.1m
▲ 4.3%
Total assets
€2.4m
▲ 5.5%
Employees on 30-06-2025
4
▲ 33.3%
Score breakdownlowers riskLiquidity: current ratio 7.42, cash €1.1mSector: Legal and accounting activities (NACE 69)Figures for financial year 2025 (filed on 30-01-2026)Size: 3.6 FTE, total assets €2.4mShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 48% of micro companies in legal and accounting (NACE 69)
Financial strength · tick: 2024
Strong
Solvency 71=
equity 45.9% of total assets
Liquidity 98+5
short-term debt 13.2% · cash 46.9%
Profitability 42-29
return on assets 1.9%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,087 companies, NACE 69, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.42 (4.54 in 2024), above the usual 1.5. Short-term debt is 13.2% and cash 46.9% of total assets. However, 54.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 43% of them on solvency, 93% on liquidity, 9% on profitability and 46% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 7.42, cash €1.1m
NBB · annual accounts
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
lowers risk · Figures for financial year 2025 (filed on 30-01-2026)
NBB · annual accounts
lowers risk · Size: 3.6 FTE, total assets €2.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
4 days early
2021
on the day
2020
2 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 30-01-2026 PDF all 18 filings

Turnover
≈ €530,000
Estimated: probably between €440,000 and €660,000
Total assets
€2.4m▲ 5.5%
2024 · €2.2m
Net result
€44,021▼ 4.1%
2024 · €45,907
Working capital
€2.0m▲ 16.7%
2024 · €1.7m
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€60,879
▼ 14.7% 2025
20192025
Net result
€44,021
▼ 4.1% 2025
middle half of the sector
20192025
Equity
€1.1m
▲ 4.3% 2025
highest quarter of the sector
20192025
Total assets
€2.4m
▲ 5.5% 2025
highest quarter of the sector
20192025
Debt
€1.3m
▲ 6.6% 2025
20192025
Working capital
€2.0m
▲ 16.7% 2025
highest quarter of the sector
20192025
Solvency
45.9%
▼ 0.5pp 2025
middle half of the sector
20192025
Current ratio
7.42
▲ 2.87 2025
highest quarter of the sector
20192025
Return on assets (ROA)
1.9%
▼ 0.2pp 2025
lowest quarter of the sector
20192025
Staff (FTE)
3.6
▲ 9.1% 2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.08m▼ 38.1%€0.08m▲ 6.6%€0.09m▲ 11.4%€0.09m▼ 4.2%€0.07m▼ 17.6%€0.06m▼ 14.7%
Net result€0.08m-€0.05mwithin the sector's middle half▼ 39.5%€0.06mwithin the sector's middle half▲ 22.9%€0.06mwithin the sector's middle half▼ 0.1%€0.06mwithin the sector's middle half▼ 4.7%€0.05mwithin the sector's middle half▼ 18.0%€0.04mwithin the sector's middle half▼ 4.1%
Equity€0.8m-€0.8mabove the sector's middle half▲ 6.2%€0.9mabove the sector's middle half▲ 7.2%€0.9mabove the sector's middle half▲ 6.7%€1.0mabove the sector's middle half▲ 6.0%€1.0mabove the sector's middle half▲ 4.6%€1.1mabove the sector's middle half▲ 4.3%
Total assets€2.2m-€1.8mwithin the sector's middle half▼ 16.4%€2.1mwithin the sector's middle half▲ 15.2%€1.7mwithin the sector's middle half▼ 17.4%€3.3mabove the sector's middle half▲ 92.7%€2.2mwithin the sector's middle half▼ 33.2%€2.4mabove the sector's middle half▲ 5.5%
Debt€1.4m-€1.0m▼ 28.7%€1.2m▲ 21.6%€0.8m▼ 34.7%€2.3m▲ 194%€1.2m▼ 49.1%€1.3m▲ 6.6%
Working capital€0.9m-€1.0mabove the sector's middle half▲ 12.4%€1.7mabove the sector's middle half▲ 62.1%€1.3mabove the sector's middle half▼ 23.9%€2.5mabove the sector's middle half▲ 101%€1.7mabove the sector's middle half▼ 32.4%€2.0mabove the sector's middle half▲ 16.7%
Solvency35.2%-44.8%within the sector's middle half▲ 9.5pp41.7%within the sector's middle half▼ 3.1pp53.9%within the sector's middle half▲ 12.2pp29.6%within the sector's middle half▼ 24.2pp46.4%within the sector's middle half▲ 16.8pp45.9%within the sector's middle half▼ 0.5pp
Current ratio1.81-2.46within the sector's middle half▲ 0.645.46above the sector's middle half▲ 3.003.92above the sector's middle half▼ 1.544.29above the sector's middle half▲ 0.374.54above the sector's middle half▲ 0.257.42above the sector's middle half▲ 2.87
Return on assets (ROA)3.6%-2.6%within the sector's middle half▼ 1.0pp2.8%within the sector's middle half▲ 0.2pp3.4%within the sector's middle half▲ 0.6pp1.7%below the sector's middle half▼ 1.7pp2.1%below the sector's middle half▲ 0.4pp1.9%below the sector's middle half▼ 0.2pp
Staff (FTE)1.2-2.9within the sector's middle half▲ 142%3.3within the sector's middle half▲ 13.8%3within the sector's middle half▼ 9.1%3.3within the sector's middle half▲ 10.0%3.3within the sector's middle half=3.6within the sector's middle half▲ 9.1%
above within below The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 15% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets €42,345 ▲ 23.8%
Current assets €2.3m ▲ 5.2%
Equity and liabilities €2.4m
Equity €1.1m ▲ 4.3%
Debt €1.3m ▲ 6.6%
Debt's share of the balance-sheet total rises from 53.6% to 54.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€73,282▼
2024 · €83,654
Cash flow
€56,423▼
2024 · €58,224
Debt to equity
1.18▲
2024 · 1.15
ROE
4.1%▼
2024 · 4.4%
Debt ≤ 1 year
€311,227▼
2024 · €482,917
Income taxes
€19,638▼
2024 · €26,212
Staff costs
€234,939▲
2024 · €228,915
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-202230-06-202330-06-202430-06-2025
Employees at the balance-sheet date3434
full-time3333
part-time-1-1
in full-time equivalents33.833.4
Average over the year, in full-time equivalents2.83.33.33.6
On a permanent contract3433
Joined4268
Left4177

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€10,155€15,312€10,476€20,545
Depreciation and write-downs of the year€39,771€21,031€12,317€12,403

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

European Union, budget

2021 to 2025 · 81 entries · €8.3m in total
Year Entries Awarded
2025 9 €1.2m
2024 11 €1.3m
2023 17 €1.8m
2022 29 €3.3m
2021 15 €0.6m
Projects
AISYM4MED - SYNTHETIC AND SCALABLE DATA PLATFORM FOR MEDICAL EMPOWERED AI
Horizon Europe · 01-12-2022 to 30-11-2026 · €417,187
CARAMEL - CARDIOVASCULAR RISK ASSESSMENT IN MENOPAUSAL WOMEN VIA MULTIMODAL DATA ANALYSIS ENABLING PERSONALIZED PREVENTION STRATEGIES
Horizon Europe · 01-12-2024 to 30-11-2029 · €351,901
POSEIDON - POST-QUANTUM SECURE DIGITAL IDENTITIES FOR EUROPEAN SOLUTIONS
Decentralised Agencies, Joint Undertakings, EU institutions · 01-10-2025 to 30-09-2028 · €321,780
PREVENT - IMPROVING AND UPSCALING PRIMARY PREVENTION OF CANCER BY ADDRESSING CHILDHOOD OBESITY THROUGH IMPLEMENTATION RESEARCH - THE PREVENT APPROACH
Horizon Europe · 01-07-2023 to 30-06-2027 · €306,792
CYCLOPS - AUTOMATED END-TO-END DATA LIFE CYCLE MANAGEMENT FOR FAIR DATA INTEGRATION, PROCESSING AND RE-USE
Horizon Europe · 01-01-2024 to 31-12-2026 · €292,499
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Horizon Europe · 01-10-2022 to 30-09-2025 · €285,798
DISARMING THE SILENT THREAT OF OVARIAN CANCER
Horizon Europe · 01-09-2025 to 31-08-2029 · €279,542 · DISARM
VOLABIOS - VALIDATION AND COMPARITIVE MULTI-OMICS BENCHMARKING OF FLUID-DERIVED VOLATILOMICS BIOMARKERS FOR THE PREVENTION AND EARLY DETECTION OF SCHIZOPHRENIA
Horizon Europe · 01-01-2025 to 30-06-2029 · €275,977
RES-Q PLUS - COMPREHENSIVE SOLUTIONS OF HEALTHCARE IMPROVEMENT BASED ON THE GLOBAL REGISTRY OF STROKE CARE QUALITY
Horizon Europe · 01-11-2022 to 31-10-2026 · €275,486
TRUMPET - TRUSTWORTHY MULTI-SITE PRIVACY ENHANCING TECHNOLOGIES
Horizon Europe · 01-10-2022 to 30-09-2025 · €271,564
ENDURANCE - STRATEGIES AND SERVICES FOR ENHANCED DISRUPTION RESILIENCE AND COOPERATION IN EUROPE
Horizon Europe · 01-10-2024 to 30-09-2027 · €244,124
LETS CARE - LETS CARE: BUILDING SAFE AND CARING SCHOOLS TO FOSTER EDUCATIONAL INCLUSION AND SCHOOL ACHIEVEMENT
Horizon Europe · 01-10-2022 to 30-09-2026 · €239,344
EMPOWERING AND CONNECTING DIVERSE COMMUNITIES FOR MULTI-HAZARD RESILIENCE WITH OPEN DATA, OPEN MODELS, AND OPEN-SOURCE SOFTWARE
Horizon Europe · 01-10-2025 to 30-09-2028 · €220,997 · ECHO
FLUTE - FEDERATE LEARNING AND MULTI-PARTY COMPUTATION TECHNIQUES FOR PROSTATE CANCER
Horizon Europe · 01-05-2023 to 30-04-2026 · €220,166
TRIDENT - TECHNOLOGY BASED IMPACT ASSESSMENT TOOL FOR SUSTAINABLE, TRANSPARENT DEEP SEA MINING EXPLORATION AND EXPLOITATION
Horizon Europe · 01-01-2023 to 31-12-2027 · €214,260
AI4LUNGS - AI-BASED PERSONALISED CARE FOR RESPIRATORY DISEASE USING MULTI-MODAL DATA IN PATIENT STRATIFICATION
Horizon Europe · 01-01-2024 to 30-06-2027 · €213,968
REBECCA - RESEARCH ON BREAST CANCER INDUCED CHRONIC CONDITIONS SUPPORTED BY CAUSAL ANALYSIS OF MULTI-SOURCE DATA
Horizon Europe · 01-04-2021 to 31-03-2025 · €209,397
TRACY - A BIG-DATA ANALYTICS FROM BASE-STATIONS REGISTRATIONS AND CDRS E-EVIDENCE SYSTEM
Digital Europe Programme · 01-06-2023 to 31-05-2025 · €209,252
CONVINCE - CONTEXT-AWARE VERIFIABLE DYNAMIC DELIBERATION
Horizon Europe · 01-10-2022 to 31-03-2026 · €198,324
ONCOSCREEN - A EUROPEAN SHIELD AGAINST COLORECTAL CANCER BASED ON NOVEL, MORE PRECISE AND AFFORDABLE RISK-BASED SCREENING METHODS AND VIABLE POLICY PATHWAYS
Horizon Europe · 01-01-2023 to 31-12-2026 · €190,018
TOLIFE - COMBINING ARTIFICIAL INTELLIGENCE AND SMART SENSING TOWARD BETTER MANAGEMENT AND IMPROVED QUALITY OF LIFE IN CHRONIC OBSTRUCTIVE PULMONARY DISEASE
Horizon Europe · 01-09-2022 to 28-02-2027 · €186,436
INCIDENTRON - MASTERING INCIDENT RESPONSE THROUGH AN OPEN SOURCE FRAMEWORK, ARCHITECTURE, AND PLATFORM
Decentralised Agencies, Joint Undertakings, EU institutions · 01-11-2025 to 31-10-2028 · €180,242
DOME - A DISTRIBUTED OPEN MARKETPLACE FOR EUROPE CLOUD AND EDGE SERVICES
Digital Europe Programme · 01-01-2023 to 31-12-2025 · €179,225
LUCIA - UNDERSTANDING LUNG CANCER RELATED RISK FACTORS AND THEIR IMPACT
Horizon Europe · 01-01-2023 to 31-12-2026 · €177,417
AIRCARE - AI-AUGMENTED ROBOTICS FOR CANCER POINT OF CARE
Horizon Europe · 01-07-2024 to 30-06-2028 · €155,752
CYBERSEAS - CYBERSEAS: CYBER SECURING ENERGY DATA SERVICES
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GLIOMATCH - THE MALIGNANT GLIOMA IMMUNO-ONCOLOGY MATCHMAKER: TOWARDS DATA-DRIVEN PRECISION MEDICINE USING SPATIALLY RESOLVED RADIO-MULTIOMICS
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TRUSTCHAIN - FOSTERING A HUMAN-CENTERED, TRUSTWORTHY AND SUSTAINABLE INTERNET
Horizon Europe · 01-01-2023 to 31-12-2025 · €108,842
HOPLITE THREAT DETECTION AND INTELLIGENCE SHARING
Internal Security Fund · 01-09-2025 to 31-08-2027 · €95,978 · HOPLITE
AVIATOR PHASE 2 - AVIATOR - AUGMENTED VISUAL INTELLIGENCE AND TARGETED ONLINE RESEARCH
Internal Security Fund · 01-09-2021 to 31-08-2024 · €85,879
REGACE - CROP RESPONSIVE GREENHOUSE AGRIVOLTAICS SYSTEM WITH CO2 ENRICHMENT FOR HIGHER YIELDS
Horizon Europe · 01-02-2023 to 31-01-2026 · €81,377

European research

65 projects · €14.9m EU contribution
Programmes
35 entries · €8.6m
31 entries · €6.3m
Projects
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Central Repository for Digital Pathology
Horizon 2020 · participant · 01-02-2021 to 31-01-2027 · €390,000 · BIGPICTURE
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Horizon Europe · participant · 01-10-2026 to 30-09-2030 · €384,250 · AIGENT
CArdiovascular Risk Assessment in MEnopausaL women via multimodal data analysis enabling personalized prevention strategies
Horizon Europe · participant · 01-12-2024 to 30-11-2029 · €382,500 · CARAMEL
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Horizon 2020 · participant · 01-10-2020 to 30-09-2023 · €369,875 · RAYUELA
A multimodal AI-based toolbox and an interoperable health imaging repository for the empowerment of imaging analysis related to the diagnosis, prediction and follow-up of cancer
Horizon 2020 · participant · 01-10-2020 to 31-03-2024 · €361,875 · INCISIVE
AEGLE (Ancient Greek: Αἴγλη) – An analytics framework for integrated and personalized healthcare services in Europe
Horizon 2020 · participant · 01-03-2015 to 31-08-2018 · €329,000 · AEGLE
POst-quantum SEcure dIgital iDentities for EurOpean solutioNs
Horizon Europe · participant · 01-10-2025 to 30-09-2028 · €321,000 · POSEIDON
FORTIFY - FRAMEWORK FOR OPTIMIZED REGULATION, TRADE SECRETS, AND INTELLECTUAL PROPERTY IN A FEDERATED EUROPEAN HEALTH DATA SPACE
Horizon Europe · participant · 01-05-2026 to 30-04-2029 · €317,250 · FORTIFY
Federate Learning and mUlti-party computation Techniques for prostatE cancer
Horizon Europe · participant · 01-05-2023 to 30-04-2026 · €316,250 · FLUTE
Lightweight Infrastructure for Global Heterogeneous Trust management in support of an open Ecosystem of Stakeholders and Trust schemes.
Horizon 2020 · participant · 01-09-2016 to 30-11-2019 · €311,500 · LIGHTest
Disarming the silent threat of ovarian cancer
Horizon Europe · participant · 01-09-2025 to 31-08-2029 · €301,700 · DISARM
Understanding Lung Cancer related risk factors and their Impact
Horizon Europe · participant · 01-01-2023 to 31-12-2026 · €298,500 · LUCIA
Validation and Comparitive Multi-Omics Benchmarking of Fluid-Derived Volatilomics Biomarkers for the Prevention and Early detection of Schizophrenia
Horizon Europe · participant · 01-01-2025 to 30-06-2029 · €296,750 · VOLABIOS
Automated end-to-end data life cycle management for FAIR data integration, processing and re-use
Horizon Europe · participant · 01-01-2024 to 31-12-2026 · €292,500 · CyclOps
2PS - Prevent & Protect Through Support
Horizon Europe · participant · 01-10-2022 to 30-09-2025 · €285,798 · 2PS
Comprehensive solutions of healthcare improvement based on the global Registry of Stroke Care Quality
Horizon Europe · participant · 01-11-2022 to 31-10-2026 · €284,375 · RES-Q PLUS
From mobile phones to court – A complete FORensic investigation chain targeting MOBILE devices
Horizon 2020 · participant · 01-05-2019 to 30-04-2022 · €278,500 · FORMOBILE
TRUstworthy Multi-site Privacy Enhancing Technologies
Horizon Europe · participant · 01-10-2022 to 31-12-2025 · €271,563 · TRUMPET
KONFIDO - Secure and Trusted Paradigm for Interoperable eHealth Services
Horizon 2020 · participant · 01-11-2016 to 31-10-2019 · €271,125 · KONFIDO
ARCHITECTURE AND TOOLS FOR THE QUERY OF ANTIBODY AND T-CELL RECEPTOR SEQUENCING DATA REPOSITORIES FOR ENABLING IMPROVED PERSONALIZED MEDICINE AND IMMUNOTHERAPY
Horizon 2020 · participant · 01-01-2019 to 31-12-2022 · €265,000 · iReceptor Plus
Design of the European mobile network operator for research
Horizon 2020 · participant · 01-01-2018 to 31-03-2020 · €264,000 · EuWireless
AI-BASED PERSONALISED CARE FOR RESPIRATORY DISEASE USING MULTI-MODAL DATA IN PATIENT STRATIFICATION
Horizon Europe · participant · 01-01-2024 to 30-06-2027 · €250,000 · AI4LUNGS
A European “shield” against colorectal cancer based on novel, more precise and affordable risk-based screening methods and viable policy pathways
Horizon Europe · participant · 01-01-2023 to 31-12-2026 · €247,188 · ONCOSCREEN
DEvOps for trusted, portable and interoperable Multi-Cloud applications towards the Digital singlE market
Horizon 2020 · participant · 01-12-2016 to 30-11-2019 · €246,500 · DECIDE
Strategies and Services for Enhanced Disruption Resilience and Cooperation in Europe
Horizon Europe · participant · 01-10-2024 to 30-09-2027 · €244,125 · ENDURANCE
Mobile Cross-Border Government Services for Europe
Horizon 2020 · participant · 01-01-2021 to 31-12-2023 · €231,250 · mGov4EU
The malignant Glioma immuno-oncology matchmaker: towards data-driven precision medicine using spatially resolved radio-multiomics
Horizon Europe · participant · 01-01-2024 to 31-12-2028 · €225,000 · GLIOMATCH
Empowering and Connecting Diverse Communities for Multi-Hazard Resilience with Open Data, Open Models, and Open-Source Software
Horizon Europe · participant · 01-10-2025 to 30-09-2028 · €221,375 · ECHO
Technology based impact assessment tool foR sustaInable, transparent Deep sEa miNing exploraTion and exploitation
Horizon Europe · participant · 01-01-2023 to 31-12-2027 · €214,263 · TRIDENT
REsearch on BrEast Cancer induced chronic conditions supported by Causal Analysis of multi-source data
Horizon 2020 · participant · 01-04-2021 to 30-09-2025 · €213,438 · REBECCA
Digital Europe for All
Horizon 2020 · participant · 01-01-2020 to 30-04-2023 · €208,438 · DE4A
NOVEL INTEGRATED SOLUTION OF OPERATING A FLEET OF DRONES WITH MULTIPLE SYNCHRONIZED MISSIONS FOR DISASTER RESPONSES
Horizon 2020 · participant · 01-05-2019 to 30-04-2022 · €205,750 · RESPONDRONE
A digital guardian angel enhancing cancer patient’s wellbeing and health status improvement following treatment.
Horizon 2020 · participant · 01-01-2020 to 30-06-2023 · €205,000 · ONCORELIEF
Next-Generation Visuohaptic Media Representation, Coding and Interactive Rendering for Immersive and Inclusive XR
Horizon Europe · participant · 01-06-2026 to 31-05-2029 · €204,688 · XR-SENSE
implemented SynergIes, data sharing contracts and Goals between transport modes and AIR tansportation
Horizon Europe · participant · 01-06-2023 to 31-05-2026 · €203,853 · SIGN-AIR
CONtext-aware VerifIable dyNamiC dEliberation
Horizon Europe · participant · 01-10-2022 to 31-03-2026 · €198,325 · CONVINCE
Combining Artificial Intelligence and smart sensing TOward better management and improved quality of LIFE in chronic obstructive pulmonary disease
Horizon Europe · participant · 01-09-2022 to 28-02-2027 · €196,250 · TOLIFE

Public contracts

5 awards · 2022 to 2026
Juridische adviesverlening en ondersteuning.: 2025/HFB/VOPMB/139729 - 6
buyer: Vlaamse OverheidBusiness servicesawarded 18-08-2026€1.8m12 tendersTED 579654-2026
Juridische adviesverlening en ondersteuning.: 2025/HFB/VOPMB/139729 - 7
buyer: Vlaamse OverheidBusiness servicesawarded 18-08-2026€1.8m12 tendersTED 579654-2026
Supporting ENISA in ensuring Cyber Resilience of the EU: Cybersecurity Support and Compliance for SMEs under the Cyber Resilience Act
buyer: European Union Agency for Cybersecurity (ENISA)IT servicesawarded 10-06-202511 tendersTED 481547-2025
Procédure ouverte pour la « prestation de services juridiques par des avocats dans des procédures devant la Chambre contentieuse de l'Autorité de protection des données et la Cour des marchés »: Nederlandstalige zaken
buyer: SPF FinancesBusiness servicesawarded 10-10-2023€13514 tendersTED 83100-2024
2021/HFB/VOPMB/80868 - Raamovereenkomst voor juridische ondersteuning.: Perceel 6
buyer: Agentschap Facilitair BedrijfBusiness servicesawarded 08-07-20229 tendersTED 404215-2022

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.4m▲
Fixed assets21/28€0.03m€0.04m▲
Tangible fixed assets22/27€0.02m€0.03m▲
Plant, machinery and equipment23€0.02m€0.02m▲
Furniture and vehicles24€0.004m€0.002m▼
Leasing and similar rights25€0.001m€0.003m▲
Financial fixed assets28€0.01m€0.01m=
Current assets29/58€2.2m€2.3m▲
Amounts receivable within one year40/41€1.3m€1.2m▼
Trade receivables40€1.1m€1.1m▲
Other amounts receivable41€0.2m€0.1m▼
Current investments50/53€0.006m€0.006m=
Cash at bank and in hand54/58€0.9m€1.1m▲
Deferred charges and accrued income490/1-€0.002m
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.4m▲
Equity10/15€1.0m€1.1m▲
Contributions10/11€0.006m€0.006m=
Reserves13€1.0m€1.1m▲
Distributable reserves133€1.0m€1.1m▲
Amounts payable17/49€1.2m€1.3m▲
Amounts payable within one year42/48€0.5m€0.3m▼
Trade debts44€0.5m€0.3m▼
Suppliers440/4€0.5m€0.3m▼
Taxes, remuneration and social security45€0.02m€0.02m▲
Taxes450/3€0.006m-
Remuneration and social security454/9€0.02m€0.02m▲
Accrued charges and deferred income492/3€0.7m€1.0m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.2m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.01m▲
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.3m€0.3m▼
Operating profit (loss)9901€0.07m€0.06m▼
Financial income75/76B€0.002m€0.003m▲
Recurring financial income75€0.002m€0.003m▲
Financial charges65/66B€0.001m-
Recurring financial charges65€0.001m-
Profit (loss) for the period before taxes9903€0.07m€0.06m▼
Income taxes67/77€0.03m€0.02m▼
Profit (loss) for the period9904€0.05m€0.04m▼
Profit (loss) for the period to be appropriated9905€0.05m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.05m€0.04m▼
Transfer to equity691/2€0.05m€0.04m▼
To other reserves6921€0.05m€0.04m▼
Social balance sheet
Average headcount (FTE)90873.33.6▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62---€184,246€220,159€228,915€234,939▲ 2.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72,577€62,820€43,372€39,771€21,031€12,317€12,403▲ 0.7%
Other operating charges640/8---€1,083€84,024€1,045€1,055▲ 0.9%
Gross operating margin9900€266,009€284,349€332,453€315,440€411,782€313,614€309,276▼ 1.4%
Operating profit (loss)9901€122,934€76,073€81,110€90,340€86,569€71,338€60,879▼ 14.7%
Financial income75/76B---€938€1,951€2,267€2,780▲ 22.6%
Recurring financial income75€21€1,028€691€938€1,951€2,267€2,780▲ 22.6%
Financial charges65/66B---€2,989€2,531€1,485--
Recurring financial charges65€2,375€35€176€2,989€2,531€1,485--
Profit (loss) for the period before taxes9903€120,581€77,067€81,625€88,288€85,989€72,120€63,659▼ 11.7%
Income taxes67/77€41,427€29,214€22,823€29,533€30,021€26,212€19,638▼ 25.1%
Profit (loss) for the period9904€79,154€47,852€58,802€58,755€55,968€45,907€44,021▼ 4.1%
Profit (loss) for the period to be appropriated9905€79,154€47,852€58,802€58,755€55,968€45,907€44,021▼ 4.1%
Line2019202020212022202320242025Change
Assets
Total assets20/58€2.2m€1.8m€2.1m€1.7m€3.3m€2.2m€2.4m▲ 5.5%
Fixed assets21/28€0.1m€0.1m€0.07m€0.04m€0.04m€0.03m€0.04m▲ 23.8%
Tangible fixed assets22/27€0.1m€0.09m€0.06m€0.03m€0.02m€0.02m€0.03m▲ 36.9%
Plant, machinery and equipment23---€0.01m€0.02m€0.02m€0.02m▲ 43.6%
Furniture and vehicles24---€0.008m€0.005m€0.004m€0.002m▼ 41.3%
Leasing and similar rights25---€0.01m€0.002m€0.001m€0.003m▲ 203%
Financial fixed assets28€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Current assets29/58€2.0m€1.7m€2.0m€1.7m€3.3m€2.2m€2.3m▲ 5.2%
Amounts receivable within one year40/41€1.3m€0.9m€0.8m€0.9m€1.4m€1.3m€1.2m▼ 6.8%
Trade receivables40---€0.8m€1.2m€1.1m€1.1m▲ 1.0%
Other amounts receivable41---€0.08m€0.2m€0.2m€0.1m▼ 48.1%
Current investments50/53---€0.006m€0.006m€0.006m€0.006m=
Cash at bank and in hand54/58€0.7m€0.8m€1.3m€0.8m€1.9m€0.9m€1.1m▲ 22.1%
Deferred charges and accrued income490/1------€0.002m-
Equity and liabilities
Total equity and liabilities10/49€2.2m€1.8m€2.1m€1.7m€3.3m€2.2m€2.4m▲ 5.5%
Equity10/15€0.8m€0.8m€0.9m€0.9m€1.0m€1.0m€1.1m▲ 4.3%
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.8m€0.8m€0.9m€0.9m€1.0m€1.0m€1.1m▲ 4.3%
Non-distributable reserves130/1---€0.002m----
Reserves not available under the articles1311---€0.002m----
Distributable reserves133---€0.9m€1.0m€1.0m€1.1m▲ 4.3%
Amounts payable17/49€1.4m€1.0m€1.2m€0.8m€2.3m€1.2m€1.3m▲ 6.6%
Amounts payable within one year42/48€1.1m€0.7m€0.4m€0.4m€0.8m€0.5m€0.3m▼ 35.6%
Trade debts44€1.1m€0.7m€0.3m€0.4m€0.7m€0.5m€0.3m▼ 37.4%
Suppliers440/4---€0.4m€0.7m€0.5m€0.3m▼ 37.4%
Taxes, remuneration and social security45---€0.03m€0.04m€0.02m€0.02m▲ 3.6%
Taxes450/3---€0.01m€0.01m€0.006m--
Remuneration and social security454/9---€0.02m€0.03m€0.02m€0.02m▲ 39.2%
Accrued charges and deferred income492/3---€0.4m€1.6m€0.7m€1.0m▲ 35.2%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.08m€0.05m€0.06m€0.06m€0.06m€0.05m€0.04m▼ 4.1%
+ Depreciation and write-downs630€0.07m€0.06m€0.04m€0.04m€0.02m€0.01m€0.01m▲ 0.7%
Operating cash flow (approximation)€0.2m€0.1m€0.1m€0.1m€0.08m€0.06m€0.06m▼ 3.1%
Investment in fixed assets (approximation)--€0.01m-€0.02m-€0.01m-€0.02m-€0.01m-€0.02m▼ 96.1%
Change in cash-€0.09m€0.5m-€0.5m€1.1m-€1.0m€0.2m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 10,904 companies had the same profile as Timelex has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
95.1% was still going
4.0% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of Timelex itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 10,904 companies, not a prediction for Timelex. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 30-01-2026 2026-00021428 PDF
30-06-2024 abbreviated format 31-01-2025 2025-00017908 PDF
30-06-2023 abbreviated format 31-01-2024 2024-00015505 PDF
30-06-2022 abbreviated format 27-01-2023 2023-00006073 PDF
30-06-2021 abbreviated format 31-01-2022 2022-03500407 PDF
30-06-2020 abbreviated format 29-01-2021 2021-02900195 PDF
30-06-2019 abbreviated format 29-01-2020 2020-02700155 PDF
30-06-2018 abbreviated format 31-01-2019 2019-03700339 PDF
30-06-2017 abbreviated format 31-01-2018 2018-03700519 PDF
30-06-2016 abbreviated format 30-01-2017 2017-03000025 PDF

Show all 18 filings

Board & ownership

Directors

Directors
4 directors
Edwin Jacobs BV
Director · Legal entity · listed in the 2025 annual accounts, filed on 30-01-2026
Current
Geert Somers Legal BV
Director · Legal entity · listed in the 2025 annual accounts, filed on 30-01-2026
Current
Graux-ITLaw BV
Director · Legal entity · listed in the 2025 annual accounts, filed on 30-01-2026
Current
Joseph Dumortier BV
Director · Legal entity · listed in the 2025 annual accounts, filed on 30-01-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 10-02-2022

Owners and capital

Mandate history

4 people, 4 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Edwin Jacobs BV
  • Director, since before 30-06-2025
Geert Somers Legal BV
  • Director, since before 30-06-2025
Graux-ITLaw BV
  • Director, since before 30-06-2025
Joseph Dumortier BV
  • Director, since before 30-06-2025
See the board, name and registered office on a given date →

Network & group

Timelex shares no director with another company.

Companies at the same address

181 other companies

Connections & network

4 current directors
Depth

The network starts from the directors of Timelex. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
30-01
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 1 day before the deadline
2025
31-01
NBB filing Annual accounts 2024 filedPDF
abbreviated format · on the deadline day
2024
30-06
Financial Equity above €1mequity €1.0m ▲4.6%
With a profit in every financial year since 2019, equity grows to €1.0m.
31-01
NBB filing Annual accounts 2023 filedPDF
abbreviated format · on the deadline day
2023
27-01
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 4 days before the deadline
2022
10-02
Gazette deed Company renamed to Timelex
Legal-form conversion · Capital conversion · Amendment of the articles9 points ▸
  • General meeting, 19-01-2022
  • Other provision, “aanpassing statuten aan WVV, statuten aanpassen aan bepalingen WVV” (deed in Dutch)
  • Legal-form conversion, “besloten vennootschap” (deed in Dutch)
  • Capital conversion, “middelen beschikbaar voor uitkering”, EUR (deed in Dutch)
  • Name change, Timelex
  • Amendment of the articles
  • Kind of shares, “houders soort A bepalen uitgifteprijs,te storten bedrag,tijdstippen opvraging en rente, Soort A” (deed in Dutch)
  • Power of attorney
  • Registered office clause, “1000 Brussel,Joseph Stevensstraat” (deed in Dutch)

Open the act in the Belgian Official Gazette

31-01
NBB filing Annual accounts 2021 filedPDF
abbreviated format · on the deadline day
2021
30-06
Financial Liquidity more than doubledcurrent ratio 5.46
The current ratio rises from 2.46 to 5.46. Short-term debt falls from €700,995 to €371,037.
29-01
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 2 days before the deadline
2020
29-01
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 2 days before the deadline
2019
31-01
NBB filing Annual accounts 2018 filedPDF
abbreviated format · on the deadline day
2018
31-01
NBB filing Annual accounts 2017 filedPDF
abbreviated format · on the deadline day
2017
30-01
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 1 day before the deadline
2007
29-06
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 June 2007, Timelex was incorporated.1 The name was changed to Timelex in 2022.2 Total assets went from €2.2m in 2019 to €2.4m in 2025 and headcount from 1.2 to 3.6 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-02-2022
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name Timelex in Dutch
Enterprise number 0890.217.005
Legal form Private limited company
Status Active, normale toestand
Founded 20-06-2007
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-02-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest, bestuursorgaan kan bijkantoren en centra oprichten in België en buitenland”
deed of 10-02-2022 (in Dutch)

Registered office and establishments

Registered office Joseph Stevensstraat 7, 1000 Brussel, Belgium
Establishment unit Joseph Stevensstraat 7, 1000 Brussel since 01-07-2015 · unit number 2.244.326.513
E-mail info@timelex.eu
Phone 0032 (0)2 229 19
Fax 0032 (0)2 218 31

Activities

NACEBEL 2025
VAT activities
69101 Activities of lawyers main activity
Social security (RSZ) activities
69101 Activities of lawyers main activity
Codes under NACEBEL 2008
VAT activities
69101 Activities of lawyers main activity
Social security (RSZ) activities
69101 Activities of lawyers main activity
Joint committee 336 Paritair Comité voor de vrije beroepen annual accounts 30-06-2025

Invoicing and payment

VAT number BE 0890.217.005
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0890217005
Registered 21-10-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
30 November at 15:00
deed of 10-02-2022 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
182 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
2,159 m²
Building footprint
2,113 m²
Building volume
79,173 m³
Cadastral parcel Region Area Buildings Height / floors
21808H1372/00K000 Brussels 2,159 m² 1 · 2,113 m² 88.8 m · 7