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Complete company report
Generated 12-08-2026
Active BE 0741.960.324Private limited companyOpen bankruptcy

THE TIME

Helmetsesteenweg 211 ·1030 Schaarbeek, Belgium· 6 yrs active
Conclusion Checked

A bankruptcy procedure is open for THE TIME according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-15k) and a net result of €-22k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-15k
Net result €-22k
Active 6 yrs
Board 1
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health0Profitability33Solvency33Growth-Stability0
16 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0
Profitability 33
Solvency 33
Growth -
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

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 rule-based
50 / 100
High riskRegister: open bankruptcy
This 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 2 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 0 events
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.
Health barometer FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 14-06-2022 with the NBB · fiscal year 2020 · volledig
Fiscal year2020
Depositvolledig
Revenue€8k
EBITDA€-19k
Net profit€-22k
Cash flow€-19k
Staff costs€0
Income taxes-
Dividends-
Total assets€11k
Equity€-15k
Debt€26k
of which ≤ 1y€26k
of which > 1y-
Working capital€-25k
Employees (FTE)-
Ratios (computed)
2020
Current ratio0.03
Quick ratio0.03
Working capital ratio-230.9%
Solvency-137.9%
Debt / equity-1.73
Long-term debt ratio-
Interest coverage-
Gross margin-319.9%
Net margin-275.1%
ROA-207.3%
ROE150.4%
EBITDA margin-234.0%
Days sales outstanding28d
Days payable outstanding253d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€11k
Fixed assets 21/28€10k
Tangible fixed assets 22/27€10k
Current assets 29/58€751
Amounts receivable within one year 40/41€631
Cash & bank 54/58€120
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€11k
Equity 10/15€-15k
Contributions / capital 10/11€8k
Accumulated profits (losses) 14€-22k
Amounts payable 17/49€26k
Amounts payable within one year 42/48€26k
Trade debts payable within one year 44€24k
Income statement
Turnover 70€8k
Gross operating margin 9900€-19k
Operating result 9901€-22k
Result before taxes 9903€-22k
Net result for the period 9904€-22k
Result to be appropriated 9905€-22k
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Malos Gelu-Maricel
    Director
    State Gazette act 23069564 (30-05-2023)
    Current
    01-04-2023 → present
Former directors (2)
  • Ait-Kaddour Mohamed
    Director
    State Gazette act 23039705 (22-03-2023)
    Former
    22-03-2023 → 01-04-2023
    2 events
    • 01-04-2023 Resigned· Director (executive)
    • 22-03-2023 Appointed· Director
  • Gharbaoui Salima
    Director
    State Gazette act 23039705 (22-03-2023)
    Former
    - → 22-03-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator ANICET BAUM
AVENUE ARMAND HUYSMANS 212, 1050 IXELLES
 11-12-2023 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation23-01-2020
StatusActive
Postal code1030
First BS signal 19-12-2023
Latest BS signal 19-12-2023
Establishment units 1 location
SAHARA GOLD
Antwerpselaan 36, 1000 BrusselCafés en bars
since 20202.301.243.143
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21812N1438/00R000 Brussels 328 m² 1 · 185 m² 29.6 m · 9 fl.
21902A0448/00B002 Brussels 104 m² 1 · 104 m² 19.7 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
19-12-2023
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · THE TIME SRL CHAUSSEE DE HELMET 211, 1030 Schaerbeek · event 11-12-2023
30-05-2023
State Gazette act Director changes
22-03-2023
State Gazette act Capital & shares
2022
14-06-2022
NBB filing Annual accounts filed
fiscal year 2020 · volledig
28-01-2022
State Gazette act Capital & shares
Lifecycle & Insolvency Signals 1 events
19-12-2023
Bankruptcy Opening
Date: 11-12-2023 · Tribunal de l’entreprise francophone de Bruxelles · THE TIME SRL CHAUSSEE DE HELMET 211, 1030 Schaerbeek · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-12-19 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Capital history · 2
22-03-2023
Capital change
28-01-2022
Capital change
All acts · 3 updated 3 years ago
2023
30-05-2023 1 director appointed, 1 resigning Director changes
  • Malos Gelu-Maricel, Bestuurder
  • Ait-Kaddour Mohamed, Directeur
Technical details 
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  "events": [
    {
      "kind": "director_in",
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      },
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      "subkind": "regular",
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      "statutory": null,
      "compensated": null,
      "effective_date": "2023-04-01",
      "evidence_quote": "L\u0027assemblee g\u00E9n\u00E9ral nomme monsieur Malos Gelu-Maricel au poste d\u0027administrateur a partir du 01/04/2023.",
      "decharge_status": null,
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    },
    {
      "kind": "director_out",
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      },
      "reason": "de_plein_droit_dissolution",
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      "effective_date": "2023-04-01",
      "evidence_quote": "Monsieur Ait-Kaddour Mohamed d\u00E9missionne de son poste d\u0027administrateur a partir du 01/04/2023.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
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      "evidence_quote": "Monsieur Ait-Kaddour Mohamed transfert 100 actions a monsieur Malos Gelu-Maricel qui accepte.",
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    },
    {
      "kind": "substantive_delegation",
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      "evidence_quote": "Monsieur Ait-Kaddour Mohamed transfert 100 actions a monsieur Malos Gelu-Maricel qui accepte.",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-05-30",
    "filing_date": "2023-05-19",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-04-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0741.960.324",
    "name_full": "THE TIME",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Malos Gelu-Maricel",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
22-03-2023 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "Ait-Kaddour Mohamed",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-03-22",
    "filing_date": "2023-03-14",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2023-01-01",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-01-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0741.960.324",
    "name_full": "THE TIME",
    "legal_form": "SRL",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Ait-Kaddour Mohamed",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2022
28-01-2022 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
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      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Madame Gharbaoui Salima",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
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      "not_yet_called_eur": null,
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      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
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    }
  ],
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  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-01-28",
    "filing_date": "2022-01-20",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2022-01-20",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2021-12-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0741.960.324",
    "name_full": "THE TIM\u0415",
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    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
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  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR THE TIME
Registered office
Helmetsesteenweg 211
1030 Schaarbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative