APPLICATION TEAM
ActiveSummary
APPLICATION TEAM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,621 and a net result of €4,073. Equity is shrinking by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+21
Solvency84▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.35 in 2024; short-term debt: 41.3% and cash: 17.2% of total assets), and 41.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.7%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
43 d early
2023
16 d early
2022
12 d early
2021
6 d early
2020
9 d early
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,073
2024 · -€4,018
Working capital
€41,193▲ 55.4%
2024 · €26,508
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,969▼ 19.8%-€22,568▼ 13.0%-€44,774▼ 98.4%-€1,468▲ 96.7%€6,516
Net result-€25,064▼ 10.1%-€26,671▼ 6.4%-€48,617▼ 82.3%-€4,018▲ 91.7%€4,073
Equity€149,855▼ 14.3%€123,184▼ 17.8%€74,567▼ 39.5%€70,549▼ 5.4%€74,621▲ 5.8%
Total assets€242,629▼ 17.7%€218,274▼ 10.0%€158,002▼ 27.6%€145,454▼ 7.9%€127,018▼ 12.7%
Debt€92,774▼ 22.5%€95,090▲ 2.5%€83,436▼ 12.3%€74,905▼ 10.2%€52,396▼ 30.0%
Working capital€95,022▼ 15.8%€57,445▼ 39.5%€17,226▼ 70.0%€26,508▲ 53.9%€41,193▲ 55.4%
Staff (FTE)5▼ 16.7%4.8▼ 4.0%4▼ 16.7%4=2.5▼ 37.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,516 after a loss of €1,468 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,018
Fixed assets
€33,428 ▼ 24.1%
Current assets
€93,590 ▼ 7.7%
Equity and liabilities €127,018
Equity
€74,621 ▲ 5.8%
Debt
€52,396 ▼ 30.0%
Debt's share of the balance-sheet total falls from 51.5% to 41.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,433▲
2024 · €13,338
Cash flow
€17,989▲
2024 · €10,788
Current ratio
1.79▲
2024 · 1.35
Debt to equity
0.70▼
2024 · 1.06
ROE
5.5%▲
2024 · -5.7%
ROA
3.2%▲
2024 · -2.8%
Interest coverage
7.21▲
2024 · 4.36
Debt ≤ 1 year
€52,396▼
2024 · €74,905
Income taxes
€142▼
2024 · €371
Staff costs
€131,859▼
2024 · €177,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €163,579 | €180,514 | €164,642 | €177,987 | €131,859 | ▼ 25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,039 | €17,167 | €18,820 | €14,806 | €13,916 | ▼ 6.0% |
| Other operating charges640/8 | €2,150 | €2,073 | €2,954 | €2,249 | €2,388 | ▲ 6.2% |
| Non-recurring operating charges66A | - | - | €9,270 | - | - | - |
| Gross operating margin9900 | €161,799 | €177,186 | €150,912 | €193,574 | €154,679 | ▼ 20.1% |
| Operating profit (loss)9901 | -€19,969 | -€22,568 | -€44,774 | -€1,468 | €6,516 | ▲ 544% |
| Financial income75/76B | €41 | €310 | €102 | €881 | €533 | ▼ 39.5% |
| Recurring financial income75 | €41 | €310 | €102 | €881 | €533 | ▼ 39.5% |
| Financial charges65/66B | €4,752 | €4,029 | €3,539 | €3,060 | €2,835 | ▼ 7.4% |
| Recurring financial charges65 | €4,752 | €4,029 | €3,539 | €3,060 | €2,835 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | -€24,680 | -€26,287 | -€48,211 | -€3,647 | €4,214 | ▲ 216% |
| Income taxes67/77 | €384 | €384 | €406 | €371 | €142 | ▼ 61.8% |
| Profit (loss) for the period9904 | -€25,064 | -€26,671 | -€48,617 | -€4,018 | €4,073 | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | -€25,064 | -€26,671 | -€48,617 | -€4,018 | €4,073 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,629 | €218,274 | €158,002 | €145,454 | €127,018 | ▼ 12.7% |
| Fixed assets21/28 | €71,996 | €75,382 | €59,291 | €44,040 | €33,428 | ▼ 24.1% |
| Tangible fixed assets22/27 | €70,634 | €75,320 | €59,229 | €43,978 | €33,366 | ▼ 24.1% |
| Land and buildings22 | €61,059 | €63,326 | €51,720 | €39,226 | €29,430 | ▼ 25.0% |
| Plant, machinery and equipment23 | €5,880 | €2,742 | €0 | - | - | - |
| Furniture and vehicles24 | €3,695 | €8,296 | €6,786 | €4,261 | €3,677 | ▼ 13.7% |
| Other tangible fixed assets26 | - | €956 | €723 | €491 | €258 | ▼ 47.3% |
| Financial fixed assets28 | €1,362 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €170,633 | €142,892 | €98,711 | €101,414 | €93,590 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €95,362 | €77,280 | €59,203 | €66,950 | €41,259 | ▼ 38.4% |
| Trade receivables40 | €86,393 | €71,603 | €55,037 | €62,712 | €36,779 | ▼ 41.4% |
| Other amounts receivable41 | €8,969 | €5,677 | €4,166 | €4,238 | €4,480 | ▲ 5.7% |
| Current investments50/53 | €13,806 | €19,746 | €24,724 | €25,749 | €26,165 | ▲ 1.6% |
| Cash at bank and in hand54/58 | €57,037 | €41,893 | €8,441 | €6,789 | €21,836 | ▲ 222% |
| Deferred charges and accrued income490/1 | €4,428 | €3,973 | €6,343 | €1,926 | €4,330 | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,629 | €218,274 | €158,002 | €145,454 | €127,018 | ▼ 12.7% |
| Equity10/15 | €149,855 | €123,184 | €74,567 | €70,549 | €74,621 | ▲ 5.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €129,404 | €102,733 | €54,115 | €50,097 | €54,170 | ▲ 8.1% |
| Amounts payable17/49 | €92,774 | €95,090 | €83,436 | €74,905 | €52,396 | ▼ 30.0% |
| Amounts payable after more than one year17 | €17,163 | €9,643 | €1,951 | - | - | - |
| Financial debts170/4 | €17,163 | €9,643 | €1,951 | - | - | - |
| Amounts payable within one year42/48 | €75,611 | €85,447 | €81,485 | €74,905 | €52,396 | ▼ 30.0% |
| Current portion of amounts payable after more than one year42 | €7,351 | €7,520 | €7,692 | €1,951 | - | - |
| Financial debts43 | €544 | - | - | - | €493 | - |
| Credit institutions430/8 | €544 | - | - | - | €493 | - |
| Trade debts44 | €26,860 | €27,631 | €33,045 | €24,665 | €13,181 | ▼ 46.6% |
| Suppliers440/4 | €26,860 | €27,631 | €33,045 | €24,665 | €13,181 | ▼ 46.6% |
| Advances received on contracts in progress46 | - | - | €550 | - | - | - |
| Taxes, remuneration and social security45 | €29,489 | €33,786 | €30,473 | €39,623 | €20,454 | ▼ 48.4% |
| Taxes450/3 | €6,115 | €9,037 | €5,746 | €9,393 | €7,201 | ▼ 23.3% |
| Remuneration and social security454/9 | €23,374 | €24,749 | €24,727 | €30,230 | €13,253 | ▼ 56.2% |
| Other amounts payable47/48 | €11,367 | €16,510 | €9,725 | €8,667 | €18,268 | ▲ 111% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,064 | -€26,671 | -€48,617 | -€4,018 | €4,073 | ▲ 201% |
| + Depreciation and write-downs630 | €16,039 | €17,167 | €18,820 | €14,806 | €13,916 | ▼ 6.0% |
| Operating cash flow (approximation) | -€9,025 | -€9,504 | -€29,798 | €10,788 | €17,989 | ▲ 66.7% |
| Investment in fixed assets (approximation) | - | -€20,553 | -€2,729 | €445 | -€3,304 | ▼ 842% |
| Change in cash | - | -€15,144 | -€33,452 | -€1,652 | €15,047 | ▲ 1,011% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,073
Net result €4,073 after 5 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€48,617
Net result drops to -€48,617, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-12
Financial
Highest result since 2018net €42,583 ▲142%
Operating result €61,649, net result €42,583, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1997
Ground area
422 m²
Building footprint
73 m²
Volume, LiDAR
285 m³
Parcel 52058A0502/00T002, Wallonia · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
APPLICATION TEAM SPRL
since 19972.082.073.227
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058A0502/00T002 | Wallonia | 422 m² | 1 · 73 m² | 7.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 3,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.