OPENING OF BANKRUPTCY

TIMELESS DEVELOPERS

Financial year 2022 · closed on 31/12/2022
Net result
-2,3 k €
-513.1% YoY
Gross margin
52,5 k €
-34.0% YoY
Equity
36,3 k €
-5.9% YoY

Company — Opening of bankruptcy.

What does TIMELESS DEVELOPERS do?

TIMELESS DEVELOPERS is a Private company with limited liability incorporated in 1961. Its main activity is: Real estate agencies. Its registered office is in Antwerpen.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0404.815.345
Incorporation
21/06/1961
Legal form
Private company with limited liability
Registered office
Vlaamsekaai 5
2000 Antwerpen · FlandreSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2022
Signals
Positive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20222021202020192018201720162015201420132012201120102009
Income statement
Gross margin52,5 k €79,6 k €777,2 k €302,3 k €119,6 k €465,3 k €-134,5 k €-240,5 k €-53,9 k €95,8 k €-146,6 k €-122,5 k €-88,3 k €-1,3 k €
EBITDA28,5 k €37,3 k €774,9 k €300,7 k €103,4 k €424,5 k €-138,6 k €-245,9 k €-55,4 k €94,8 k €-147,4 k €-127,0 k €-96,3 k €-2,1 k €
Operating result27,3 k €34,8 k €772,9 k €298,5 k €102,8 k €423,9 k €-140,3 k €-247,6 k €-56,5 k €92,6 k €-148,6 k €-135,0 k €-103,3 k €-2,1 k €
Net result-2,3 k €549,3 €679,3 k €192,1 k €135,1 k €97,6 k €-532,6 k €-286,0 k €-91,1 k €64,3 k €-182,1 k €-144,8 k €-105,3 k €144,5 k €
Balance sheet
Equity36,3 k €38,6 k €38,0 k €-641,3 k €-833,4 k €-968,4 k €-1,1 M €-533,4 k €-247,4 k €-156,3 k €-220,6 k €-38,5 k €106,3 k €211,6 k €
Total assets5,8 M €5,5 M €3,0 M €493,7 k €789,6 k €719,0 k €427,9 k €672,7 k €807,9 k €686,9 k €773,5 k €322,8 k €289,4 k €256,5 k €
Cash5,1 k €141,9 €101,0 k €4,5 k €1,2 k €407,4 €107,2 €1,1 k €175,6 k €2,5 k €42,5 €1,9 k €1,4 k €301,6 €
Debts5,7 M €5,5 M €2,9 M €1,1 M €1,6 M €1,7 M €1,5 M €1,2 M €1,1 M €843,2 k €994,1 k €361,3 k €183,1 k €44,9 k €
Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 14 ended

Active mandates

William Vekemans

Director · since 11 août 2022 · until 01 mai 2023

Active
FOR 2 PROJECTS

Director · 0823.434.186

Represented by Ludovicus Vekemans

Active

Ended mandates

FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
At this address

Other companies at this address

CompanyCBE no.
CO3-DEVELOPMENTActive
0715.955.416
FOR2Bankrupt
0437.390.618
FOR 2 PROJECTSActive
0823.434.186
Annual accounts

Full financial information

202220212020201920182017
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/09/202329/09/202230/08/202117/11/202029/07/201916/07/2018
General meeting07/06/202301/06/202202/06/202125/06/202026/06/201927/06/2018
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202207/06/202329/09/2023DutchPDF
Abridged model31/12/202101/06/202229/09/2022DutchPDF
Abridged model31/12/202002/06/202130/08/2021DutchPDF
Abridged model31/12/201925/06/202017/11/2020DutchPDF
Abridged model31/12/201826/06/201929/07/2019DutchPDF
Abridged model31/12/201727/06/201816/07/2018DutchPDF
Abridged model31/12/201606/09/201721/09/2017DutchPDF
Abridged model31/12/201501/06/201622/06/2016DutchPDF
Abridged model31/12/201403/06/201505/06/2015DutchPDF
Abridged model31/12/201307/05/201405/06/2014DutchPDF
Abridged model31/12/201207/08/201305/09/2013DutchPDF
Abridged model31/12/201105/09/201225/09/2012DutchPDF
Abridged model31/12/201001/06/201103/06/2011DutchPDF
Abridged model31/12/200901/09/201006/09/2010DutchPDF
Abridged model31/12/200802/09/200925/09/2009DutchPDF
Abridged model31/12/200703/09/200822/09/2008DutchPDF
Abridged model31/12/200606/06/200707/06/2007DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 14 ended

Active mandates

William Vekemans

Director · since 11 août 2022 · until 01 mai 2023

Active
FOR 2 PROJECTS

Director · 0823.434.186

Represented by Ludovicus Vekemans

Active

Ended mandates

FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
FOR 2 PROJECTS

Manager · since 15 mars 2010 · 0823.434.186

Represented by Ludovic VEKEMANS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/03/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other30/03/2010
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/12/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/09/2006
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates16/06/2006
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2022
    Annual accounts 2022-2,3 k €
  2. 2021
    Annual accounts 2021549,3 €
  3. 2020
    Annual accounts 2020679,3 k €
  4. 2019
    Annual accounts 2019192,1 k €
  5. 2018
    Annual accounts 2018135,1 k €
  6. 2017
    Annual accounts 201797,6 k €
  7. 2016
    Annual accounts 2016-532,6 k €
  8. 2015
    Annual accounts 2015-286,0 k €
  9. 2014
    Annual accounts 2014-91,1 k €
  10. 2013
    Annual accounts 201364,3 k €
  11. 2012
    Annual accounts 2012-182,1 k €
  12. 2011
    Annual accounts 2011-144,8 k €
  13. 2010
    Annual accounts 2010-105,3 k €
  14. 2009
    Annual accounts 2009144,5 k €
  15. 21/06/1961
    IncorporationPrivate company with limited liability