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.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opschorting (gerechtelijke reorganisatie) according to the CBE.
Financials
Financial year 2024
TIM TRADE from Elsene, company number BE0508614550, closed financial year 2024 with a result of € 692 after tax. For that financial year TIM TRADE recorded a gross margin of € 141,735 and equity of € -423,259. Compared with financial year 2023, the result moved from € -113,193 to € 692. Profitable, and profit is growing. 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 August 11, 2025.
€ -423,259
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 692
▲ still € 113,193 loss in 2023
Profit after tax over the fiscal year.
€ 10,294
▲ € 10,289 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -435,659.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 114,107
▲ € 111,461 vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,108
▲ 2% vs 2023
Of which on lease € 7,455.
Debts at end 2024
€ 41,668
▲ 65% vs 2023
Loans from banks and other lenders, long and short.
€ 87,667
▲ 89% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 39,832
▲ € 30,470 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 54,568 | € 6,731 | € -43,850 | € 141,735 | ▲ € 185,585 |
| Profit after taxes | € -68,494 | € -74,172 | € -113,193 | € 692 | ▲ € 113,885 |
| Equity | € -236,586 | € -310,758 | € -423,951 | € -423,259 | |
| Total debts | € 375,620 | € 398,615 | € 490,308 | € 546,478 | ▲ 11% |
| Cash | € 2,622 | € 747 | € 5 | € 10,294 | ▲ € 10,289 |
| Retained profit | € -248,986 | € -323,158 | € -436,351 | € -435,659 | |
| Bank debt | € 44,345 | € 29,191 | € 25,319 | € 41,668 | ▲ 65% |
| Balance sheet total | € 139,034 | € 87,857 | € 66,356 | € 123,218 | ▲ 86% |
Key figures of TIM TRADE, 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 TIM TRADE?
What happened at TIM TRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 692. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 68,494 loss in 2021 to € 692 profit in 2024.
Paid € 250 in corporate taxes since 2021.
Best year ever: 2024, with € 692 profit.
A new publication or filing at TIM TRADE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind TIM TRADE is Hailelioul Abebe. Hailelioul Abebe is also behind TO GO.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Lesbroussartstraat 35
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0508.614.550
- VAT number
- BE 0508.614.550
- Registered office
- Lesbroussartstraat 35, 1050 Elsene
- Names & denominations
- TIM TRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opschorting (gerechtelijke reorganisatie)
- Start date
- 20 December 2012
- Peppol
- Active · Active since 13 Jun 2024
- Activities · NACE
Overige detailhandel in voedingsmiddelen, neg
Overige detailhandel in nieuwe artikelen neg
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Gastenkamers
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)