Checked.be
Active
BE 0643.736.342Private limited company (pre-2019)Open bankruptcy
TIMYNOS
· 10 yrs active
Sector: Limited-service restaurants, excluding mobile food services
(56112)
Conclusion
A bankruptcy procedure is open for TIMYNOS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €78k and a net result of €-57k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €78k |
| Net result | €-57k |
| Better than sector | 37% |
| Active | 10 yrs |
Financial profile
15
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
24
Growth
52
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
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
0
/ 100
Critical
Computed from 5 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
No credit
open bankruptcy
Score history
73
2019
68
2020
88
2021
27
2022
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.22 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.20 (≥ 1.0)
+5
Leverage
Debt/equity 6.88 (> 3.0)
-10
Profitability
Negatieve ROE -74%
-10
Interest coverage
Interest coverage -2.6× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-03-2023 with the NBB · fiscal year 2022 · micro schema
Sector comparison
Fiscal year 2022 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.7% | 28.6% | |
| Net result | €-57k | €3k | |
| Equity | €78k | €27k | |
| Gross operating margin | €65k | €51k | |
| Staff costs | €103k | €50k |
€-39k
-
19-22
€-57k
-
19-22
€-55k
-
19-22
€611k
+112.3%
19-22
€78k
-42.5%
19-22
€71k
+41.2%
19-22
6
-8.3%
19-22
€103k
-
19-22
€255
-98.8%
19-22
€534k
+249.1%
19-22
€328k
+167.9%
19-22
€205k
+577.5%
19-22
1.22
-13.8%
19-22
1.20
-10.2%
19-22
12.7%
-72.9%
19-22
6.88
+2965.4%
19-22
-74.0%
-
19-22
-9.4%
-
19-22
-2.61
-
19-22
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2022 Δ | 2021 Δ | 2020 Δ | 2019 Δ |
|---|---|---|---|---|
| Deposit | micro schema | full schema | micro schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | - | +556.3% | -37.4% | - |
| Net profit | - | +153.6% | +2.9% | - |
| Cash flow | - | +99.3% | +18.6% | - |
| Staff costs | - | - | - | - |
| Income taxes | -98.8% | - | - | - |
| Dividends | - | - | - | - |
| Total assets | +112.3% | +47.3% | -7.2% | - |
| Equity | -42.5% | +102.8% | +1.9% | - |
| Debt | +249.1% | +18.6% | -11.3% | - |
| of which ≤ 1y | +167.9% | +39.5% | +31.2% | - |
| of which > 1y | +577.5% | -26.2% | -47.6% | - |
| Working capital | +41.2% | - | - | - |
| Employees (FTE) | - | -8.3% | -31.8% | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Current ratio | 1.22 | 1.41 | 0.82 | 1.05 |
| Quick ratio | 1.20 | 1.34 | 0.76 | 1.03 |
| Working capital ratio | 11.7% | 17.6% | -8.2% | 1.7% |
| Solvency | 12.7% | 46.9% | 34.1% | 31.0% |
| Debt / equity | 6.88 | 0.22 | 0.62 | 1.20 |
| Long-term debt ratio | 2.65 | 0.22 | 0.62 | 1.20 |
| Interest coverage | -2.61 | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -9.4% | 39.3% | 22.8% | 20.6% |
| ROE | -74.0% | 83.7% | 67.0% | 66.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2022
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €611k | €288k | €196k | €211k |
| Fixed assets | 21/28 | €211k | €18k | €19k | €20k |
| Formation expenses | 20 | - | €96k | €105k | €121k |
| Intangible fixed assets | 21 | €10k | €10k | €10k | €10k |
| Tangible fixed assets | 22/27 | €162k | €570 | €1k | €2k |
| Financial fixed assets | 28 | €40k | €8k | €8k | €8k |
| Current assets | 29/58 | €400k | €173k | €72k | €70k |
| Stocks & contracts in progress | 3 | €5k | €9k | €5k | €2k |
| Amounts receivable within one year | 40/41 | €210k | €78k | €15k | €10k |
| Cash & bank | 54/58 | €184k | €86k | €52k | €54k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €611k | €288k | €196k | €211k |
| Equity | 10/15 | €78k | €135k | €67k | €65k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €56k | €113k | €45k | €43k |
| Amounts payable | 17/49 | €534k | €153k | €129k | €145k |
| Amounts payable after one year | 17 | €205k | €30k | €41k | €78k |
| Amounts payable within one year | 42/48 | €328k | €123k | €88k | €67k |
| Trade debts payable within one year | 44 | €168k | €10k | €65k | €26k |
| Income statement | |||||
| Gross operating margin | 9900 | €65k | €439k | €132k | €208k |
| Operating result | 9901 | €-42k | €131k | €5k | €26k |
| Financial income | 75 | - | - | €66 | - |
| Financial charges | 65 | €15k | €42k | €4k | €720 |
| Result before taxes | 9903 | €-57k | €89k | €1k | €25k |
| Income taxes | 67/77 | €255 | €21k | - | - |
| Net result for the period | 9904 | €-57k | €68k | €1k | €25k |
| Result to be appropriated | 9905 | €-57k | €68k | €1k | €25k |
Directors & mandates
Current directors & mandates
-
Mukunayi Mukanya NathanManaging directorState Gazette act 23055790 (25-04-2023)Current01-04-2023 → present
Former directors (1)
-
Ahmatovic TimurManaging directorState Gazette act 23055790 (25-04-2023)Former- → 01-04-2023
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | SIMON HARDY BLD MAYENCE,19, 6000 CHARLEROI-
.
Date provisoire de cessation de paiement : 24/06/2024 |
24-06-2024 → present |
Legal Structure
| NACE primary | Limited-service restaurants, excluding mobile food services(56112) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 01-12-2015 |
| Status | Active |
| Postal code | - |
| First insolvency signal | 03-07-2024 |
| Latest insolvency signal | 03-07-2024 |
Establishment units
Chickenstreet Charleroi
since 20222.330.610.090
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0185/00N000 | Wallonia | 405 m² | 1 · 345 m² | 57.0 m · 19 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
2024
03-07
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · TIMYNOS SPRL RUE DU COMMERCE 1, 6000 CHARLEROI · event 24-06-2024
2023
25-04
State Gazette act
Capital & shares
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
30-06
Financial
Weakest financial yearnet €-57k ▼151%
Net result drops to €-57k, the lowest in the series.
04-02
State Gazette act
Capital & shares
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
30-06
Financial
Highest result since 2019net €113k ▲154%
Operating result €131k, net result €113k, both a record.
30-06
Financial
Equity above €100kEq €135k ▲103%
3 profitable years in a row build equity to €135k.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 133 days late
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 47 days late
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 412 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
03-07-2024
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
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.
Belgisch Staatsblad, acts
Capital history · 2
25-04-2023
Capital change
04-02-2022
Capital change
All acts · 2
updated 3 years ago
2023
25-04-2023 All shares are now held by a single shareholder
Technical details
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"decision": {
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"act_date": "2023-04-01",
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"under_authorized_capital": false,
"underlying_resolution_date": "2023-04-01"
},
"bedrijfsrevisor": null,
"subject_company": {
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"is_foreign_registered": false
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{
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}
],
"share_classes_after": []
}2022
04-02-2022 Transaction in capital or shares
Technical details
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"notary": {
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"act_meta": {
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"bedrijfsrevisor": null,
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"shareholders_after": [
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{
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},
{
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"kind": "person",
"name": "Schouten Oc\u00E9ane",
"role": null,
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},
{
"kbo": null,
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"kind": "person",
"name": "Soares Myrella",
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],
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}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Limited-service restaurants56102Limited-service restaurants, excluding mobile food services56112
Names & trade names
| Legal nameFR | TIMYNOS |
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