TIMELO
ActiveSummary
The computed 12-month bankruptcy probability of TIMELO is 2.9% (moderate). The 2024 annual accounts show equity of €178,704 and a net result of €118,181. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+26
Growth78
Track record82
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days only on tighter terms
Liquidity ample (current ratio 11.39 against 1.67 in 2023; short-term debt: 7.3% and cash: 51.8% of total assets), and 12.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.2%
Return on assets
57.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€178,704▲ 195%
2023 · €60,522
Total assets
€205,002▲ 64.6%
2023 · €124,548
Net result
€118,181▲ 113%
2023 · €55,522
Working capital
€154,890▲ 378%
2023 · €32,403
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
Line20232024
Operating result€69,416-€152,296▲ 119%
Net result€55,522-€118,181▲ 113%
Equity€60,522-€178,704▲ 195%
Total assets€124,548-€205,002▲ 64.6%
Debt€64,025-€26,298▼ 58.9%
Working capital€32,403-€154,890▲ 378%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 119% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205,002
Fixed assets
€35,206 ▼ 19.7%
Current assets
€169,797 ▲ 110%
Equity and liabilities €205,002
Equity
€178,704 ▲ 195%
Debt
€26,298 ▼ 58.9%
Debt's share of the balance-sheet total falls from 51.4% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,935▲
2023 · €69,716
Cash flow
€126,821▲
2023 · €55,823
Current ratio
11.39▲
2023 · 1.67
Debt to equity
0.15▼
2023 · 1.06
ROE
66.1%▼
2023 · 91.7%
ROA
57.6%▲
2023 · 44.6%
Interest coverage
250.30▼
2023 · 27886.42
Debt ≤ 1 year
€14,907▼
2023 · €48,299
Debt > 1 year
€11,392▼
2023 · €15,726
Income taxes
€33,472▲
2023 · €13,891
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €300 | €8,640 | ▲ 2,776% |
| Other operating charges640/8 | - | €159 | - |
| Gross operating margin9900 | €69,716 | €161,094 | ▲ 131% |
| Operating profit (loss)9901 | €69,416 | €152,296 | ▲ 119% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €3 | €643 | ▲ 25,618% |
| Recurring financial charges65 | €3 | €643 | ▲ 25,618% |
| Profit (loss) for the period before taxes9903 | €69,413 | €151,653 | ▲ 118% |
| Income taxes67/77 | €13,891 | €33,472 | ▲ 141% |
| Profit (loss) for the period9904 | €55,522 | €118,181 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €55,522 | €118,181 | ▲ 113% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €124,548 | €205,002 | ▲ 64.6% |
| Fixed assets21/28 | €43,845 | €35,206 | ▼ 19.7% |
| Tangible fixed assets22/27 | €43,845 | €35,206 | ▼ 19.7% |
| Plant, machinery and equipment23 | €2,643 | €2,378 | ▼ 10.0% |
| Furniture and vehicles24 | €41,203 | €32,828 | ▼ 20.3% |
| Current assets29/58 | €80,702 | €169,797 | ▲ 110% |
| Amounts receivable within one year40/41 | €56,654 | €61,002 | ▲ 7.7% |
| Trade receivables40 | €56,654 | €58,583 | ▲ 3.4% |
| Other amounts receivable41 | - | €2,419 | - |
| Cash at bank and in hand54/58 | €23,024 | €106,171 | ▲ 361% |
| Deferred charges and accrued income490/1 | €1,024 | €2,623 | ▲ 156% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €124,548 | €205,002 | ▲ 64.6% |
| Equity10/15 | €60,522 | €178,704 | ▲ 195% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €55,522 | €173,704 | ▲ 213% |
| Amounts payable17/49 | €64,025 | €26,298 | ▼ 58.9% |
| Amounts payable after more than one year17 | €15,726 | €11,392 | ▼ 27.6% |
| Financial debts170/4 | €15,726 | €11,392 | ▼ 27.6% |
| Amounts payable within one year42/48 | €48,299 | €14,907 | ▼ 69.1% |
| Current portion of amounts payable after more than one year42 | €4,213 | €4,334 | ▲ 2.9% |
| Trade debts44 | €6,975 | €3,197 | ▼ 54.2% |
| Suppliers440/4 | €6,975 | €3,197 | ▼ 54.2% |
| Taxes, remuneration and social security45 | €15,457 | €5,425 | ▼ 64.9% |
| Taxes450/3 | €15,457 | €4,671 | ▼ 69.8% |
| Remuneration and social security454/9 | - | €754 | - |
| Other amounts payable47/48 | €21,654 | €1,950 | ▼ 91.0% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €55,522 | €118,181 | ▲ 113% |
| + Depreciation and write-downs630 | €300 | €8,640 | ▲ 2,776% |
| Operating cash flow (approximation) | €55,823 | €126,821 | ▲ 127% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €83,147 | - |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 11.39
Current ratio from 1.67 to 11.39; short-term debt falls from €48,299 to €14,907.
31-12
Financial
Equity above €150,000Eq €178,704 ▲195%
2 profitable years in a row build equity to €178,704.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Arlon · 1 establishment unit since 2023
Ground area
259 m²
Building footprint
64 m²
Volume, LiDAR
712 m³
Parcel 81001A1997/00Z007, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Luxembourg 34, 6700 Arlon
since 20232.353.945.421
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A1997/00Z007 | Wallonia | 259 m² | 1 · 64 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2023
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.