TIMING
ActiveSummary
TIMING has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,076 and a net result of €4,233. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+24
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
short-term debt: 0.5% and cash: 31.9% of total assets, and 1.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 2025Solvency, return and age of the figures
Solvency
98.4%
Return on assets
1.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
53 d late
2023
3 d early
2022
on the day
2021
66 d late
2020
19 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Lochristi, Arts, sports and recreation sector#6 company by equity in Lochristi, Arts, sports and recreation sector
Equity
€356,076▲ 1.2%
2024 · €351,842
Total assets
€361,851=
2024 · €361,932
Net result
€4,233
2024 · -€9,066
Working capital
€332,786▲ 4.0%
2024 · €320,022
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,184▼ 605%-€7,681▲ 79.9%€12,992-€17,700-€3,113▲ 82.4%
Net result-€35,311below the sector's middle half▼ 939%-€5,592below the sector's middle half▲ 84.2%€14,228within the sector's middle half-€9,066below the sector's middle half€4,233within the sector's middle half
Equity€352,273above the sector's middle half▼ 9.1%€346,681above the sector's middle half▼ 1.6%€360,908above the sector's middle half▲ 4.1%€351,842above the sector's middle half▼ 2.5%€356,076above the sector's middle half▲ 1.2%
Total assets€376,234above the sector's middle half▼ 5.1%€365,890above the sector's middle half▼ 2.7%€380,784above the sector's middle half▲ 4.1%€361,932above the sector's middle half▼ 5.0%€361,851above the sector's middle half=
Debt€23,961▲ 174%€19,209▼ 19.8%€19,876▲ 3.5%€10,090▼ 49.2%€5,776▼ 42.8%
Working capital€291,388above the sector's middle half▼ 10.7%€296,665above the sector's middle half▲ 1.8%€313,337above the sector's middle half▲ 5.6%€320,022above the sector's middle half▲ 2.1%€332,786above the sector's middle half▲ 4.0%
Solvency93.6%above the sector's middle half▼ 4.2pp94.8%above the sector's middle half▲ 1.1pp94.8%above the sector's middle half=97.2%above the sector's middle half▲ 2.4pp98.4%above the sector's middle half▲ 1.2pp
Current ratio60.28above the sector's middle half▼ 10.2658.65above the sector's middle half▼ 1.6428.76above the sector's middle half▼ 29.89
Return on assets (ROA)-9.4%below the sector's middle half▼ 8.5pp-1.5%within the sector's middle half▲ 7.9pp3.7%within the sector's middle half▲ 5.3pp-2.5%within the sector's middle half▼ 6.2pp1.2%within the sector's middle half▲ 3.7pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,113 in 2025 against €17,700 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €361,851
Fixed assets
€27,178 ▼ 33.4%
Current assets
€334,673 ▲ 4.2%
Equity and liabilities €361,851
Equity
€356,076 ▲ 1.2%
Debt
€5,776 ▼ 42.8%
Debt's share of the balance-sheet total falls from 2.8% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,948▲
2024 · -€2,373
Cash flow
€19,294▲
2024 · €6,261
Debt to equity
0.02▼
2024 · 0.03
ROE
1.2%▲
2024 · -2.6%
Debt ≤ 1 year
€1,887▲
2024 · €1,079
Debt > 1 year
€3,888▼
2024 · €9,011
Income taxes
€423
Staff costs
€24,776▼
2024 · €31,003
A ratio outside any meaningful range has been withheld (balance sheet total €361,851, equity €356,076).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €28,412 | €31,751 | €31,003 | €24,776 | ▼ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,249 | €16,307 | €15,215 | €15,327 | €15,061 | ▼ 1.7% |
| Other operating charges640/8 | - | €468 | €469 | €132 | €141 | ▲ 6.7% |
| Gross operating margin9900 | €3,309 | €37,505 | €60,427 | €28,762 | €36,864 | ▲ 28.2% |
| Operating profit (loss)9901 | -€38,184 | -€7,681 | €12,992 | -€17,700 | -€3,113 | ▲ 82.4% |
| Financial income75/76B | - | €2,450 | €2,920 | €8,796 | €7,770 | ▼ 11.7% |
| Recurring financial income75 | €3,139 | €2,450 | €2,920 | €8,796 | €7,770 | ▼ 11.7% |
| Financial charges65/66B | - | €362 | €262 | €162 | - | - |
| Recurring financial charges65 | €266 | €362 | €262 | €162 | - | - |
| Profit (loss) for the period before taxes9903 | -€35,311 | -€5,592 | €15,651 | -€9,066 | €4,657 | ▲ 151% |
| Income taxes67/77 | - | - | €1,423 | - | €423 | - |
| Profit (loss) for the period9904 | -€35,311 | -€5,592 | €14,228 | -€9,066 | €4,233 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | -€35,311 | -€5,592 | €14,228 | -€9,066 | €4,233 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €376,234 | €365,890 | €380,784 | €361,932 | €361,851 | = |
| Fixed assets21/28 | €79,931 | €64,078 | €56,158 | €40,831 | €27,178 | ▼ 33.4% |
| Tangible fixed assets22/27 | €77,947 | €62,094 | €54,174 | €38,847 | €25,194 | ▼ 35.1% |
| Plant, machinery and equipment23 | - | €41,689 | €39,334 | €29,572 | €21,484 | ▼ 27.3% |
| Furniture and vehicles24 | - | €20,405 | €14,840 | €9,275 | €3,710 | ▼ 60.0% |
| Financial fixed assets28 | €1,984 | €1,984 | €1,984 | €1,984 | €1,984 | = |
| Current assets29/58 | €296,303 | €301,812 | €324,626 | €321,101 | €334,673 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €35,852 | €37,003 | €44,785 | €51,698 | €75,652 | ▲ 46.3% |
| Trade receivables40 | - | - | €2,722 | - | - | - |
| Other amounts receivable41 | - | €37,003 | €42,063 | €51,698 | €75,652 | ▲ 46.3% |
| Current investments50/53 | - | - | - | €140,196 | €143,466 | ▲ 2.3% |
| Cash at bank and in hand54/58 | €260,452 | €264,809 | €279,841 | €129,206 | €115,555 | ▼ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €376,234 | €365,890 | €380,784 | €361,932 | €361,851 | = |
| Equity10/15 | €352,273 | €346,681 | €360,908 | €351,842 | €356,076 | ▲ 1.2% |
| Contributions10/11 | - | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €4,268 | €4,268 | €18,496 | €18,496 | €22,730 | ▲ 22.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €2,408 | €16,636 | €16,636 | €22,730 | ▲ 36.6% |
| Profit (loss) carried forward14 | €341,799 | €336,207 | €336,207 | €327,141 | €327,141 | = |
| Amounts payable17/49 | €23,961 | €19,209 | €19,876 | €10,090 | €5,776 | ▼ 42.8% |
| Amounts payable after more than one year17 | €19,046 | €14,063 | €8,587 | €9,011 | €3,888 | ▼ 56.8% |
| Financial debts170/4 | - | €14,063 | €8,587 | €9,011 | €3,888 | ▼ 56.8% |
| Amounts payable within one year42/48 | €4,915 | €5,146 | €11,289 | €1,079 | €1,887 | ▲ 75.0% |
| Current portion of amounts payable after more than one year42 | - | €4,571 | €5,476 | - | - | - |
| Taxes, remuneration and social security45 | - | €575 | €5,813 | €1,079 | €1,887 | ▲ 75.0% |
| Taxes450/3 | - | €575 | €5,813 | €1,079 | €1,887 | ▲ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,311 | -€5,592 | €14,228 | -€9,066 | €4,233 | ▲ 147% |
| + Depreciation and write-downs630 | €13,249 | €16,307 | €15,215 | €15,327 | €15,061 | ▼ 1.7% |
| Operating cash flow (approximation) | -€22,062 | €10,714 | €29,443 | €6,261 | €19,294 | ▲ 208% |
| Investment in fixed assets (approximation) | - | -€454 | -€7,295 | €0 | -€1,408 | - |
| Change in cash | - | €4,357 | €15,032 | -€150,635 | -€13,651 | ▲ 90.9% |
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
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €4,233
Net result €4,233 after one loss-making year.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
31-03
Financial
Liquidity times 10current ratio 297.65
Current ratio from 28.76 to 297.65; short-term debt falls from €11,289 to €1,079.
2023
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €14,228
Net result €14,228 after 3 loss-making years.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-03
Financial
Weakest financial yearnet -€35,311
Net result drops to -€35,311, the lowest in the series; recovery starts the following year.
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2016
27-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Lochristi · 1 establishment unit since 1994
Ground area
1,443 m²
Building footprint
200 m²
Volume, LiDAR
673 m³
Parcel 44472C0640/00X000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AMAPOLA PRANA
since 19942.066.205.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44472C0640/00X000 | Flanders | 1,443 m² | 1 · 200 m² | 5.9 m · 1 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.
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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-1994
Fiscal year end31-03
Activities, NACEBEL 2025
90201Performing arts by independent artists
90393Specialised image, lighting and sound technical services
68321Property management for co-owned buildings (syndics)
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452178564
Also
9925:BE0452178564
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.