Bankrupt · Opening faillissement (CBE)

TIMELESS DEVELOPERS

BE0404815345

Rechtspersoon Private limited company 1 establishment

TIMELESS DEVELOPERS is an estate agency in Antwerpen. Private Limited, started on 21 June 1961, 1 establishment.

Vlaamsekaai 5, 2000 Antwerpen

Behind the company: For 2 Projects BV.

Start date

21 June 1961

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Tight liquidity NBB

    Cash and receivables cover 32 % of short-term debt in 2022; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

TIMELESS DEVELOPERS from Antwerpen, company number BE0404815345, closed financial year 2022 with a result of € -2,269 after tax. For that financial year TIMELESS DEVELOPERS recorded a gross margin of € 52,534 and equity of € 36,311. Compared with financial year 2021, the result moved from € 549 to € -2,269. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2023.

What it is worth Healthy

€ 36,311

▼ 6% vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -2,269

▼ still € 549 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 5,145

▲ € 5,003 vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -13,689.

Debts at end 2022

Bank debt

€ 3.5 million

▲ 44% vs 2021

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 2.2 million

▼ 25% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 1,420

▼ 99% vs 2021

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 79,643 € 52,534 ▼ 34%
Profit after taxes € 549 € -2,269 ▼ € 2,819
Equity € 38,580 € 36,311 ▼ 6%
Total debts € 5,483,579 € 5,721,159 ▲ 4%
Cash € 142 € 5,145 ▲ € 5,003
Retained profit € -11,420 € -13,689 ▼ € 2,269
Bank debt € 2,463,500 € 3,543,270 ▲ 44%
Balance sheet total € 5,522,159 € 5,757,470 ▲ 4%

Key figures of TIMELESS DEVELOPERS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to TIMELESS DEVELOPERS?

What happened at TIMELESS DEVELOPERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

TIMELESS DEVELOPERS is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 2,269 (▼ € 2,819 vs 2021). filed late Source: NBB ↗
  • William Vekemans stepped down as director. NBB
  • William Vekemans became a director. NBB
  • New establishment in Antwerpen. KBO
  • Start of the company according to the CBE. KBO

In short

From € 549 profit in 2021 to € 2,269 loss in 2022.

Paid € 5,251 in corporate taxes since 2021.

Best year ever: 2021, with € 549 profit.

Management

SOLANA 50%

The stake of SOLANA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TIMELESS DEVELOPERS

Behind TIMELESS DEVELOPERS is For 2 Projects BV. The shares are held by SOLANA (50%).

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Directors

According to the 2022 annual accounts

For 2 Projects BV

Director · represented by Ludovicus Vekemans

William Vekemans

Director

Also active at: CO3-DEVELOPMENT

since 2022 · until 2023

Shareholders

SOLANA

50%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Vlaamsekaai 5

2000 Antwerpen

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0404.815.345
VAT number
BE 0404.815.345
Registered office
Vlaamsekaai 5, 2000 Antwerpen
Names & denominations
TIMELESS DEVELOPERS
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
21 June 1961
Peppol
Not registered
Activities · NACE

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

Frequently asked questions

What does TIMELESS DEVELOPERS do?
TIMELESS DEVELOPERS is an estate agency in Antwerpen. Private Limited, started on 21 June 1961, 1 establishment.
What is the address of TIMELESS DEVELOPERS?
The registered office of TIMELESS DEVELOPERS is located at Vlaamsekaai 5, 2000 Antwerpen.
Is TIMELESS DEVELOPERS still active?
No. The CBE lists TIMELESS DEVELOPERS with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is TIMELESS DEVELOPERS registered on Peppol?
No, TIMELESS DEVELOPERS is currently not registered on the Peppol network.
What is the enterprise number of TIMELESS DEVELOPERS?
The enterprise number of TIMELESS DEVELOPERS is BE0404815345.
When was TIMELESS DEVELOPERS founded?
TIMELESS DEVELOPERS was founded on 21 June 1961.