OPENING OF BANKRUPTCY

TIME 2 TRANS

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Financial year 2023 · closed on 31/12/2023
Net result
599,6 k €
+190.4% YoY
Gross margin
2,9 M €
+357.4% YoY
Equity
31 k €
+105.5% YoY
Workforce
41,4 ETP
+27.0% YoY

Company — Opening of bankruptcy.

What does TIME 2 TRANS do?

TIME 2 TRANS is a Private limited company incorporated in 2019. Its main activity is: Freight transport by road. Its registered office is in Antwerpen. It employs on average 41,4 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0719.526.697
Incorporation
29/01/2019
Legal form
Private limited company
Registered office
Brusselstraat 51
2018 Antwerpen · FlandreSee on map
Contributed capital
14 650,00 €
Latest accounts
31/12/2023
Average workforce
41,4 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road
Joint committees (2)
  • 14003
  • 2260
Contacts
3 public details availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20232022202120202019
Income statement
Gross margin2,9 M €644,6 k €915,9 k €522,2 k €210 k €
EBITDA694 k €-645,7 k €50 k €116,8 k €49,5 k €
Operating result663,2 k €-649,4 k €23,9 k €90,7 k €34,3 k €
Net result599,6 k €-663,1 k €4,1 k €56,1 k €19,6 k €
Balance sheet
Equity31 k €-568,6 k €94,5 k €90,3 k €34,2 k €
Total assets836,8 k €220,3 k €484,2 k €393 k €236,2 k €
Cash18,9 k €79,5 k €5,4 k €76,2 k €53,4 k €
Debts805,8 k €788,9 k €389,8 k €302,7 k €202 k €
Other
Workforce41,4 ETP32,6 ETP–––
Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 4 ended

Active mandates

Hassan Al-Zubaidi

Director · since 01 janvier 2021

Active

Ended mandates

Ghaith Muayad Al-Zubaidi

Director · since 01 janvier 2020

Ended
Hassan Al-Zubaidi

Director · since 13 mai 2019 · until 31 décembre 2019

Ended
Nabaar Layth A Al-Zubaidi

Director · since 19 janvier 2019 · until 13 mai 2019

Ended
Hassan Al-Zubaidi

Mandate

Ended
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Annual accounts

Full financial information

20232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202301/01/202201/01/202101/01/202019/01/2019
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months
Filing date14/10/202429/11/202318/05/202211/05/202129/05/2020
General meeting14/10/202430/06/202316/05/202211/05/202128/05/2020
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202314/10/202414/10/2024DutchPDF
Abridged model31/12/202230/06/202329/11/2023DutchPDF
Abridged model31/12/202116/05/202218/05/2022DutchPDF
Micro model31/12/202011/05/202111/05/2021DutchPDF
Micro model31/12/201928/05/202029/05/2020DutchPDF
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 31/12/2023 · 1 active · 4 ended

Active mandates

Hassan Al-Zubaidi

Director · since 01 janvier 2021

Active

Ended mandates

Ghaith Muayad Al-Zubaidi

Director · since 01 janvier 2020

Ended
Hassan Al-Zubaidi

Director · since 13 mai 2019 · until 31 décembre 2019

Ended
Nabaar Layth A Al-Zubaidi

Director · since 19 janvier 2019 · until 13 mai 2019

Ended
Hassan Al-Zubaidi

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/04/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/07/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/06/2019
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/01/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2023
    Annual accounts 2023599,6 k €↑
  2. 2022
    Annual accounts 2022-663,1 k €↓
  3. 2021
    Annual accounts 20214,1 k €↓
  4. 2020
    Annual accounts 202056,1 k €↑
  5. 2019
    Annual accounts 201919,6 k €
  6. 29/01/2019
    IncorporationPrivate limited company