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TIMYNOS

Active
KBO/BCE: BE 0643.736.342
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Belgian State Gazette acts: 0 of 4 read
Age10 yrs
Board1
Real estate1 parcel · 405 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for TIMYNOS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €78k and a net result of €-57k.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
03-07-2024
Bankruptcy Opening
Date: 24-06-2024 · Tribunal de l’entreprise du Hainaut, division Charleroi · TIMYNOS SPRL RUE DU COMMERCE 1, 6000 CHARLEROI · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 21-03-2023, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2022, that is 31-01-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 nothing on record not filed -
30-06-2022 31-01-2023 21-03-2023 49 d late 2023-00047851
30-06-2021 31-01-2022 01-02-2022 1 d late 2022-04400598
30-06-2020 31-01-2021 12-05-2021 101 d late 2021-14200590
30-06-2019 31-01-2020 12-06-2020 133 d late 2020-16500220
30-06-2018 31-01-2019 19-03-2019 47 d late 2019-07300218
30-06-2017 31-01-2018 19-03-2019 412 d late 2019-07300217

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-57k
Working capital€71k+41.2%
Directors1

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 21-03-2023 with the NBB · fiscal year 2022 · micro
€-100k€-50k€0€50k€100k€150kOperating result 2019: €26k€26kNet result 2019: €43k€43kOperating result 2020: €5k€5kNet result 2020: €45k€45kOperating result 2021: €131k€131kNet result 2021: €113k€113kOperating result 2022: €-42k€-42kNet result 2022: €-57k€-57k2019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 12.7% 16.6%
better than 46% of 3686 sector peers
Net result €-57k €658
better than 5% of 3667 sector peers
Equity €78k €10k
better than 87% of 3692 sector peers
Gross operating margin €65k €34k
better than 64% of 3652 sector peers
Staff costs €103k €40k
higher than 77% of 2579 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P46
2020: P62 · n=14372021: P72 · n=22412022: P46 · n=36862020 2022
Weakening position over 2020-2022 · n=1437-3686
Net result P5
2020: P51 · n=14292021: P95 · n=22362022: P5 · n=36672020 2022
Weakening position over 2020-2022 · n=1429-3667
Equity P87
2020: P85 · n=14412021: P93 · n=22482022: P87 · n=36922020 2022
Stable position over 2020-2022 · n=1441-3692
Gross operating margin P64
2020: P89 · n=14232021: P95 · n=22232022: P64 · n=36522020 2022
Weakening position over 2020-2022 · n=1423-3652
Describes the position versus peers, not a forecast.
EBITDA
€-39k
- 19-22
Net profit
€-57k
- 19-22
Cash flow
€-55k
- 19-22
Total assets
€611k
+112.3% 19-22
Equity
€78k
-42.5% 19-22
Working capital
€71k
+41.2% 19-22
Employees (FTE)
6
-8.3% 19-22
Staff costs
€103k
- 19-22
Show 11 other metrics
Income taxes
€255
-98.8% 19-22
Debt
€534k
+249.1% 19-22
Debt ≤ 1y
€328k
+167.9% 19-22
Debt > 1y
€205k
+577.5% 19-22
Current ratio
1.22
-13.8% 19-22
Quick ratio
1.20
-10.2% 19-22
Solvency
12.7%
-72.9% 19-22
Debt / equity
6.88
+2965.4% 19-22
ROE
-74.0%
- 19-22
ROA
-9.4%
- 19-22
Interest coverage
-2.61
- 19-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-39k
Net profit€-57k
Cash flow€-55k
Staff costs€103k
Income taxes€255
Dividends-
Total assets€611k
Equity€78k
Debt€534k
of which ≤ 1y€328k
of which > 1y€205k
Working capital€71k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.22
Quick ratio1.20
Working capital ratio11.7%
Solvency12.7%
Debt / equity6.88
Long-term debt ratio2.65
Interest coverage-2.61
Gross margin-
Net margin-
ROA-9.4%
ROE-74.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€611k
Fixed assets 21/28€211k
Intangible fixed assets 21€10k
Tangible fixed assets 22/27€162k
Financial fixed assets 28€40k
Current assets 29/58€400k
Stocks & contracts in progress 3€5k
Amounts receivable within one year 40/41€210k
Cash & bank 54/58€184k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€611k
Equity 10/15€78k
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€56k
Amounts payable 17/49€534k
Amounts payable after one year 17€205k
Amounts payable within one year 42/48€328k
Trade debts payable within one year 44€168k
Income statement
Gross operating margin 9900€65k
Operating result 9901€-42k
Financial charges 65€15k
Result before taxes 9903€-57k
Income taxes 67/77€255
Net result for the period 9904€-57k
Result to be appropriated 9905€-57k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Mukunayi Mukanya Nathan
    Managing director
    State Gazette act 23055790 (25-04-2023)
    Current
    01-04-2023 → present
Former directors (1)
  • Ahmatovic Timur
    Managing director
    State Gazette act 23055790 (25-04-2023)
    Former
    - → 01-04-2023
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.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator SIMON HARDY
BLD MAYENCE,19, 6000 CHARLEROI- . Date provisoire de cessation de paiement : 24/06/2024
 24-06-2024 → present Belgian State Gazette

Legal Structure

NACE primary Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form Private limited company (pre-2019)(015)
Incorporation01-12-2015
StatusActive
Postal code-
First BS signal 03-07-2024
Latest BS signal 03-07-2024

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
Chickenstreet Charleroi
Eetgelegenheden met beperkte bediening
since 20222.330.610.090
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area405 m²
Buildings1
Building footprint345 m²
Volume (LiDAR)19,016 m³
Tallest building57.0 m · ±19 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52011D0185/00N000 Wallonia 405 m² 1 · 345 m² 57.0 m · 19 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
03-07-2024
Bankruptcy Opening
Date: 24-06-2024 · Tribunal de l’entreprise du Hainaut, division Charleroi · TIMYNOS SPRL RUE DU COMMERCE 1, 6000 CHARLEROI · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-07-03 · 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

2 acts
Capital history · 2
25-04-2023
Capital change
04-02-2022
Capital change
All acts · 2 updated 3 years ago
2023
25-04-2023 All shares are now held by a single shareholder Capital & shares
2022
04-02-2022 Transaction in capital or shares Capital & shares

Analysis

Financial profile

5 of 5 axes measured
Health0Profitability0Solvency24Growth52Stability0
15 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 24
Growth 52
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,998 of the 21,776 companies in this sector. 2,301 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameFR TIMYNOS
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.