Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
TIME LOGISTICS from La Louvière, company number BE0424661842, closed financial year 2024 with a result of € -22,147 after tax. For that financial year TIME LOGISTICS recorded a gross margin of € -3,181 and equity of € 76,277. Compared with financial year 2023, the result moved from € -14,907 to € -22,147. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 27, 2025.
€ 76,277
▼ 23% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,147
▼ 49 % more loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 57,677.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 68,371
▼ 4% vs 2023
Loans from banks and other lenders, long and short.
€ 17,526
▼ 82% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 6,411
▼ 70% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 55,400 | € 34,532 | € 3,291 | € -3,181 | ▼ € 6,472 |
| Profit after taxes | € 2,565 | € -19,254 | € -14,907 | € -22,147 | ▼ € 7,240 |
| Equity | € 132,586 | € 113,331 | € 98,424 | € 76,277 | ▼ 23% |
| Total debts | € 271,053 | € 238,124 | € 196,395 | € 106,598 | ▼ 46% |
| Retained profit | € 113,986 | € 94,731 | € 79,824 | € 57,677 | ▼ 28% |
| Bank debt | € 81,833 | € 74,314 | € 70,947 | € 68,371 | ▼ 4% |
| Balance sheet total | € 403,639 | € 351,455 | € 294,819 | € 182,875 | ▼ 38% |
Key figures of TIME LOGISTICS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to TIME LOGISTICS?
What happened at TIME LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 22,147. filed late Source: NBB ↗
- Abel KENDIP became a director. NBB
- New establishment in La Louvière. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,565 profit in 2021 to € 22,147 loss in 2024.
Paid € 1,392 in corporate taxes since 2021.
Best year ever: 2021, with € 2,565 profit.
Management
Behind TIME LOGISTICS is Abel KENDIP.
Directors
According to the 2024 annual accounts
Abel KENDIP
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Rue du Gros Saule(H-G) 60
7110 La Louvière
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
- 0424.661.842
- VAT number
- BE 0424.661.842
- Registered office
- Rue du Gros Saule(H-G) 60, 7110 La Louvière
- Names & denominations
- TIME LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1983
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Goederenvervoer over de weg