Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Time 2 Change from Lede, company number BE0464662761, closed financial year 2025 with a result of € -102,128 after tax. For that financial year Time 2 Change recorded a gross margin of € -52,753 and equity of € -1 million. Compared with financial year 2024, the result moved from € -198,917 to € -102,128. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -1 million
▼ € 102,128 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -102,128
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 411
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 44,177
▼ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,199
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
Loans from banks and other lenders, long and short.
€ 23,725
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,012
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -58,866 | € -60,977 | € -148,367 | € -52,753 | ▲ € 95,614 |
| Profit after taxes | € -80,867 | € -114,108 | € -198,917 | € -102,128 | ▲ € 96,789 |
| Equity | € -596,741 | € -710,849 | € -909,766 | € -1,011,894 | ▼ € 102,128 |
| Total debts | € 811,617 | € 994,969 | € 1,177,768 | € 1,205,140 | ▲ 2% |
| Cash | € 2,522 | € 6,466 | € 20,929 | € 411 | ▼ 98% |
| Land & buildings | € 23,797 | € 23,797 | € 23,797 | € 23,797 | |
| Retained profit | € -615,333 | € -729,441 | € -928,358 | € -1,030,486 | ▼ € 102,128 |
| Bank debt | € 500,000 | € 500,000 | € 1,000,000 | € 1,000,000 | |
| Balance sheet total | € 214,876 | € 284,121 | € 268,002 | € 193,247 | ▼ 28% |
Key figures of Time 2 Change, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Time 2 Change?
What happened at Time 2 Change in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 102,128. filed late Source: NBB ↗
- New establishment in Lede. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,867 loss in 2022 to € 102,128 loss in 2025.
Paid € 555 in corporate taxes since 2022.
Management
Behind Time 2 Change is Mario Vervaeke. It owns 50% of QUALIFIEDTRAVEL itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Ronkenburgstraat 5
9340 Lede
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0464.662.761
- VAT number
- BE 0464.662.761
- Registered office
- Ronkenburgstraat 5, 9340 Lede
- Names & denominations
- Time 2 Change
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1998
- Peppol
- Active · Active since 17 Aug 2026
- Activities · NACE
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