TimeTronics
ActiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
TimeTronics has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,739) and a net result of €113,785. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9,811 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Official details
KBO- Status
- Active since 14-11-2012 Normal situation
- Legal form
- Private limited company
- Registered office
- Lammerdries-Oost 23, 2250 Olen
- Activity
- Wholesale of other machinery and equipment NACE 46649and 1 other
- Establishment unit
- 2.215.316.286 2250 Olen, since 20-11-2012
- Financial year end
- 30 December
- Peppol
- Reachable since 29-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- €605,313
- ▲ 11×
- Turnover
- ≈ €3.1m
- estimated
- Profit
- €113,785
- Equity
- -€40,739
- ▲ 73.6%
- Total assets
- €809,871
- =
- Staff
- 5.7 FTE
- ▼ 13.6%
Why 56raises riskCapped at 59: negative equityNegative equity -€40,739lowers riskLiquidity: current ratio 1.24, cash €214,619Founded in 2012Figures for financial year 2025 (filed 30-07-2026)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 15% on solvency, 40% on liquidity, 81% on profitability and 91% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 30-12-2025
- Filed on
- 30-07-2026
- Format
- abbreviated format
- Reference
- 2026-00356036
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €131,627 after a loss of €402,151 in 2024.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.9% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €330,674 | €391,789 | €472,582 | €420,628 | €450,491 | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,318 | €877 | €29,832 | €31,331 | €33,914 | €29,957 | €27,553 | €20,634 | ▼ 25.1% |
| Other operating charges640/8 | - | - | - | €2,763 | €2,994 | €1,122 | €8,075 | €2,561 | ▼ 68.3% |
| Gross operating margin9900 | €379,870 | €471,333 | €363,809 | €372,240 | €630,636 | €539,745 | €54,106 | €605,313 | ▲ 11× |
| Operating profit (loss)9901 | €18,992 | €32,386 | -€22,410 | €7,472 | €201,939 | €36,085 | -€402,151 | €131,627 | - |
| Financial income75/76B | - | - | - | €10 | €244 | €363 | €1,461 | €93 | ▼ 93.7% |
| Recurring financial income75 | €0 | €3,241 | €246 | €10 | €244 | €363 | €1,461 | €93 | ▼ 93.7% |
| Financial charges65/66B | - | - | - | €9,819 | €14,024 | €17,056 | €8,459 | €17,370 | ▲ 105% |
| Recurring financial charges65 | €13,656 | €9,992 | €8,072 | €9,819 | €14,024 | €17,056 | €8,459 | €17,370 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €5,336 | €25,635 | -€30,236 | -€2,337 | €188,160 | €19,392 | -€409,149 | €114,350 | - |
| Income taxes67/77 | €4,952 | €12,414 | €371 | €4,440 | €46,526 | €10,406 | €529 | €564 | ▲ 6.6% |
| Profit (loss) for the period9904 | €384 | €13,222 | -€30,607 | -€6,777 | €141,633 | €8,986 | -€409,678 | €113,785 | - |
| Profit (loss) for the period to be appropriated9905 | €384 | €13,222 | -€30,607 | -€6,777 | €141,633 | €8,986 | -€409,678 | €113,785 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.8m | €0.7m | €1.2m | €0.8m | €0.8m | €0.8m | = |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.08m | €0.05m | ▼ 27.5% |
| Intangible fixed assets21 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | €0.07m | €0.05m | ▼ 24.2% |
| Tangible fixed assets22/27 | €0.03m | €0.05m | €0.05m | €0.05m | €0.03m | €0.02m | €0.007m | €0.003m | ▼ 61.2% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.03m | €0.02m | €0.007m | €0.003m | ▼ 61.2% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.001m | €0 | - | - | - |
| Current assets29/58 | €0.6m | €0.6m | €0.7m | €0.6m | €1.1m | €0.7m | €0.7m | €0.8m | ▲ 2.8% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.4m | €0.4m | €0.9m | €0.6m | €0.7m | €0.5m | ▼ 18.6% |
| Stocks30/36 | - | - | - | €0.4m | €0.7m | €0.6m | €0.7m | €0.5m | ▼ 18.6% |
| Contracts in progress37 | - | - | - | - | €0.2m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.005m | €0.01m | €0.02m | €0.09m | €0.06m | €0.06m | €162 | €162 | = |
| Trade receivables40 | - | - | - | €0.07m | €0.04m | €0.04m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.02m | €162 | €162 | = |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.2m | €0.07m | €0.09m | €0.07m | €0.07m | €0.2m | ▲ 191% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | €0.003m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.8m | €0.7m | €1.2m | €0.8m | €0.8m | €0.8m | = |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | -€0.2m | -€0.04m | ▲ 73.6% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.09m | €0.1m | €0.07m | €0.06m | €0.2m | €0.2m | €0 | - | - |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Other1319 | - | - | - | €0.008m | €0.008m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.06m | €0.2m | €0.2m | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€0.2m | -€0.09m | ▲ 56.2% |
| Amounts payable17/49 | €0.7m | €0.6m | €0.7m | €0.6m | €1.0m | €0.5m | €1.0m | €0.9m | ▼ 11.8% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 15.0% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 15.0% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.4m | €0.2m | €0.7m | €0.3m | €0.7m | €0.6m | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 31.2% |
| Financial debts43 | - | - | - | - | - | €0.05m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | - | - | - | €0.05m | €0.2m | €0.2m | = |
| Trade debts44 | €0.1m | €0.1m | €0.07m | €0.07m | €0.5m | €0.1m | €0.2m | €0.3m | ▲ 41.1% |
| Suppliers440/4 | - | - | - | €0.07m | €0.5m | €0.1m | €0.2m | €0.3m | ▲ 41.1% |
| Advances received on contracts in progress46 | - | - | - | - | €0.07m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.01m | €0.007m | €0.007m | €0.07m | ▲ 861% |
| Taxes450/3 | - | - | - | €0.001m | €0.009m | €0.005m | €0.005m | €0.03m | ▲ 464% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | €0.04m | ▲ 21× |
| Other amounts payable47/48 | - | - | - | - | €155 | €0 | €0.2m | €0.003m | ▼ 98.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €384 | €13,222 | -€30,607 | -€6,777 | €141,633 | €8,986 | -€409,678 | €113,785 | - |
| + Depreciation and write-downs630 | €19,318 | €877 | €29,832 | €31,331 | €33,914 | €29,957 | €27,553 | €20,634 | ▼ 25.1% |
| Operating cash flow (approximation) | €19,702 | €14,099 | -€775 | €24,554 | €175,548 | €38,943 | -€382,125 | €134,420 | - |
| Investment in fixed assets (approximation) | - | -€20,000 | -€10,000 | -€15,000 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€33,792 | €74,203 | -€113,889 | €24,968 | -€19,206 | €1,845 | €140,797 | ▲ 76× |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-12-2025 | abbreviated format | 30-07-2026 | 2026-00356036 | NBB |
| 30-12-2024 | abbreviated format | 31-07-2025 | 2025-00335724 | |
| 30-12-2023 | abbreviated format | 31-07-2024 | 2024-00311483 | |
| 30-12-2022 | abbreviated format | 31-07-2023 | 2023-00295470 | |
| 30-12-2021 | abbreviated format | 31-07-2022 | 2022-20252707 | |
| 30-12-2020 | abbreviated format | 01-08-2021 | 2021-44000030 | |
| 30-12-2019 | micro format | 12-08-2020 | 2020-40400111 | |
| 30-12-2018 | micro format | 17-07-2019 | 2019-35600457 | |
| 30-12-2017 | micro format | 30-07-2018 | 2018-39200562 | |
| 30-12-2016 | abbreviated format | 24-07-2017 | 2017-35700364 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · €7,527 awarded · €4,413 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €5,333 | €2,220 |
| 2024 | 1 | €56 | €130 |
| 2023 | 2 | €2,138 | €2,063 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PEETERS Kim |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering kan vertrekvergoeding toekennen”“Vergoeding bestuurders, kosteloos tenzij anders bepaald door algemene vergadering”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment ontbonden door beslissing algemene vergadering, met inachtneming vereisten voor statutenwijziging”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Onder voorwaarden artikel 2:80 WVV, mogelijk”“Bij gebrek benoeming of aanwijzing worden bestuurders in functie op tijdstip ontbinding ten aanzien van derden van rechtswege als…”
Articles of association, deed of 21-12-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 21-12-2023 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Onder voorbehoud van andersluidende overeenkomsten tussen aandeelhouders, gelijk recht in winstverdeling”“Op naam, aandelenregister_op_naam_met_WVV-vermeldingen”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vermelde prijs of bij betwisting deskundige, elke overdracht onder levenden”1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Artikel_5.130_e.v._WVV, geen vergoeding tenzij anders”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 21-12-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-12
Gazette deed
Appointment: PEETERS Kim (director)Amendment of the articles · Capital conversion · Reserve release7 facts ▸
- General meeting, 18-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “geen eigenvermogensrekening niet-opgevraagde inbrengen, kapitaal volledig volgestort” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Director appointment, PEETERS Kim (director)
- Registered office clause, “Lammerdries-Oost 23 bus B te 2250 Olen, Vijfde besluit Adres van de zetel” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “A.1. Het ontwerpen, ontwikkelen en vervaardigen, kopen en verkopen, huren en verhuren, in leasing nemen en geven van alle elektrische…”
18 activities
- A.1. Het ontwerpen, ontwikkelen en vervaardigen, kopen en verkopen, huren en verhuren, in leasing nemen en geven van alle elektrische, elektronische en elektrotechnische toestellen, in het bijzonder doch niet uitsluitend apparatuur voor tijdsmeting;
- 2. Het ontwerpen, ontwikkelen en vervaardigen, kopen en verkopen, huren en verhuren, in leasing nemen en geven van alle programma’s, apparatuur en systemen voor verwerking, collectie, weergave en verspreiding van gegevens die zowel informatie-, beeld- of geluidselementen kunnen bevatten, en dit in de meest ruime zin van het woord, te weten alle systemen, producten en toepassingen op informatica-, audio-, audiovisueel- als multimediavlak, zonder dat dit als beperkend dient beschouwd te worden.
- Het optreden als studie-, ontwerp- en raadgevend bureel op het vlak van informatica-, audio-, audiovisuele- en multimediatoepassingen, inbegrepen de opleiding van personeel en plaatsing van materieel bij derden.
- Het uitgeven en commercialiseren van alle producten welke verband houden met informatica-, audio-, audiovisuele- en multimediatoepassingen.
- De handel in het groot als in het klein, in- en uitvoer, vertegenwoordiging, huur en verhuur, in leasing geven en nemen, herstelling en onderhoud van alle apparatuur gericht op voornoemde toepassingen.
- Het uitgeven en commercialiseren in de ruimste zin van het woord van boeken, tijdschriften, audio cassetten en CD’s, videomaterieel en producten, optische en magnetische dragers, zonder evenwel beperkend te zijn.
- Het aanschaffen, exploiteren of verlenen van licenties, octrooien en handelsmerken, alsmede alle aanvullende activiteiten, diensten en producten die vermelde doelstellingen ondersteunen.
- B.1. Het verlenen van diensten en adviezen in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard, onder meer op het vlak van administratie, management, bedrijfsorganisatie, promotie en informatica.
- 2. Het waarnemen van de functie van bestuurder, zaakvoerder, lid van een directiecomité, manager, gemandateerde of vereffenaar in ondernemingen en vennootschappen.
- 3. Het nemen en beheren van belangen en participaties in ondernemingen en vennootschappen.
- 4. Het verwerven, vervreemden en beheren van zowel roerende als onroerende goederen.
- 5. De invoer, uitvoer en handel van alle consumptiegoederen, grondstoffen, halffabricaten en fabricaten.
- 6. Het verstrekken van leningen aan derden, alsmede het zich borg stellen voor derden met hypotheekstelling en in pandgeving van alle roerende en onroerende goederen.
- Met uitdrukkelijke uitsluiting van vermogensbeheer en/of beleggingsadvies zoals bedoeld door de wet van 4 december 1990 en het Koninklijk Besluit van 5 augustus 1991.
- Zij mag alle commerciële, industriële en financiële activiteiten en alle onroerend en roerend goed activiteiten verrichten, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp, alsook activiteiten die haar zullen toelaten voordeel te halen voor haar ontwikkeling, met uitzondering van de verrichtingen op roerende en onroerende waarden door de wet voorbehouden aan de banken en de beursvennootschappen.
- De vennootschap kan alle opdrachten waarnemen met betrekking tot het bestuur, het beheer, de directie, de controle en de vereffening van alle vennootschappen en ondernemingen.
- De vennootschap mag bij wijze van inbreng in speciën of in natura, fusie, inschrijving, deelneming, financiële tussenkomst of anderszins, belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen.
- Zij mag ook alle leningen toestaan of leningen waarborgen die door derden zijn toegestaan, met dien verstande dat de vennootschap geen enkele activiteit zal uitoefenen die onderworpen is aan wettelijke of gereglementeerde bepalingen toepasselijk op de krediet- en/of financiële instellingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TimeTronics
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, door zorgen van bestuursorgaan in bijlage tot Belgisch Staatsblad”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 10:00
Articles of association, deed of 21-12-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13029E0559/00M000 | Flanders | 6,509 m² | 1 · 1,278 m² | 7.9 m · 2 |