OPENING OF BANKRUPTCY

Time2clean

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Financial year 2021 · closed on 31/12/2021
Net result
38,4 k €
+55.5% YoY
Gross margin
50,2 k €
+24.0% YoY
Equity
72,1 k €
+104.3% YoY

Company — Opening of bankruptcy.

What does Time2clean do?

Time2clean is a Private limited company incorporated in 2019. Its main activity is: General cleaning of buildings. Its registered office is in Jabbeke.

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0738.775.754
Incorporation
05/12/2019
Legal form
Private limited company
Registered office
Bonsecoursstraat 2
8490 Jabbeke · FlandreSee on map
Contributed capital
1 500,00 €
Latest accounts
31/12/2021
Activities (NACE)
81210General cleaning of buildings· main81210General cleaning of buildings
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202120202019
Income statement
Gross margin50,2 k €40,5 k €12,6 k €
EBITDA50 k €34,7 k €12,6 k €
Operating result49,8 k €31,3 k €12,3 k €
Net result38,4 k €24,7 k €9,9 k €
Balance sheet
Equity72,1 k €35,3 k €10,6 k €
Total assets124,6 k €56 k €23,8 k €
Cash2,1 k €915,3 €43,1 €
Debts52,5 k €20,7 k €10,7 k €
Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active

Active mandates

Garence Demeulenaere

Director

Active
Luc De Bruyne

Director

Active
Annual accounts

Full financial information

202120202019
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202101/01/202005/12/2019
Closing of the financial year31/12/202131/12/202031/12/2019
Length of the financial year12 months12 months1 months
Filing date28/07/202213/07/202130/10/2020
General meeting30/06/202224/06/202128/10/2020
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202130/06/202228/07/2022DutchPDF
Micro model31/12/202024/06/202113/07/2021DutchPDF
Micro model31/12/201928/10/202030/10/2020DutchPDF
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.

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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 31/12/2021 · 2 active

Active mandates

Garence Demeulenaere

Director

Active
Luc De Bruyne

Director

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/12/2019
    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. 2021
    Annual accounts 202138,4 k €↑
  2. 2020
    Annual accounts 202024,7 k €↑
  3. 2019
    Annual accounts 20199,9 k €
  4. 05/12/2019
    IncorporationPrivate limited company