OPENING OF BANKRUPTCY

TIME TO CHANGE

Financial year 2024 · closed on 31/12/2024
Net result
-42,3 k €
-168.2% YoY
Gross margin
58,9 k €
-77.5% YoY
Equity
24,8 k €
-63.1% YoY

Company — Opening of bankruptcy.

What does TIME TO CHANGE do?

TIME TO CHANGE is a Private limited company incorporated in 2022. Its main activity is: Electrical installation. Its registered office is in Genk.

Legal situation
Opening of bankruptcy
BCE/KBO no. / VAT
BE 0784.744.054
Incorporation
12/04/2022
Legal form
Private limited company
Registered office
Mondeolaan 2D box 12
3600 Genk · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2024
Signals
Healthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20242023
Income statement
Gross margin58,9 k €262,1 k €
EBITDA-14,9 k €103,8 k €
Operating result-42,2 k €79,8 k €
Net result-42,3 k €62,1 k €
Balance sheet
Equity24,8 k €67,1 k €
Total assets226,8 k €348,1 k €
Cash3,4 k €10,4 k €
Debts202 k €281 k €
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

Selda Kalkan

Director · since 07 avril 2022

Active

Ended mandates

Gökhan Polat

Director · since 01 mai 2023

Ended
Selda Kalkan

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
APP-ITActive
0731.744.442
AppointActive
0676.765.436
0725.744.793
CodeCapitalActive
0726.777.844
Exact ForestallActive
0451.654.368
FAMTECHBankrupt
0785.726.031
NEPAActive
0668.375.035
SMART SIGNSActive
1015.215.064
0719.943.995
Annual accounts

Full financial information

20242023
Type of accountMicro modelMicro model
Start of the financial year01/01/202412/04/2022
Closing of the financial year31/12/202431/12/2023
Length of the financial year12 months21 months
Filing date30/09/202529/08/2024
General meeting05/01/202515/05/2024
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202405/01/202530/09/2025DutchPDF
Micro model31/12/202315/05/202429/08/2024DutchPDF
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 31/12/2024 · 1 active · 2 ended

Active mandates

Selda Kalkan

Director · since 07 avril 2022

Active

Ended mandates

Gökhan Polat

Director · since 01 mai 2023

Ended
Selda Kalkan

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/03/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/04/2022
    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. 2024
    Annual accounts 2024-42,3 k €
  2. 2023
    Annual accounts 202362,1 k €
  3. 12/04/2022
    IncorporationPrivate limited company