Equity
€74,621 from €197,689 in 2019
Equity fell by 62% in 6 years.
APPLICATION TEAM
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1997peak €448,835 (2013)
€154,679▼ 20.1%
lowest -€48,617 (2023)
€4,073▲ €8,091
peak €197,689 (2019)
€74,621▲ 5.8%
€52,396▼ 30.0%
peak 8.4 FTE (2017)
-not published
Board2 names since 2021
1 directorHANS Jean
Owners
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Gross margin from €193,574 to €154,679Back to profit: €4,073Debts from €74,905 to €52,396Cash from €6,789 to €21,836
Key points
from the 2025 annual accountsTurnover
≈ €280,000 estimated
The accounts state no turnover.
Staff
2.5 FTE from 8.4 in 2017
Between 2017 and 2025, 70% of the full-time equivalents disappeared.
Liquidity
1.79 was 1.35 in 2024
Short-term debts fell from €74,905 to €52,396.
Filings
28 annual accounts since 1997
The 2019 accounts came 6 days late. The other nine of the last ten were filed on time.
Position in the sector
€154,679
Higher gross margin than 87% of companies in advertising and market research. Sector median €37,489 · 8,599 companies.
Checked score
94
Excellent
Financially stronger than 49% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025highest value
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.3 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1997
Liquidity: current ratio 1.79, cash €21,836
Equity €74,621 (58.7% of total assets)
Size: total assets €127,018
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 57% of them on solvency, 42% on liquidity, 43% on profitability and 55% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as APPLICATION TEAM has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of APPLICATION TEAM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for APPLICATION TEAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.79 (1.35 in 2024), above the usual 1.5. Short-term debt is 41.3% and cash 17.2% of total assets. 41.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
43 days early
2023
16 days early
2022
12 days early
2021
6 days early
2020
9 days early
2019
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460484635
First establishment
APPLICATION TEAM SPRL, Rue Eau-sur-Elle 111, Charleroi
Incorporation
published on 26-04-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| APPLICATION TEAM Charleroi | €127,018 | €154,679 | 58.7% | - |
| DISTRIWAAS Sint-Niklaas | €121,340 | €130,473 | -92.4% | - |
| The Old Crew Ixelles | €107,509 | €156,847 | 69.0% | 1 |
| HAPPYSCREEN Namur | €111,888 | €132,634 | 52.6% | - |
| TEXT'IMAG ((TEXT ' IMAG)) Ham-sur-Heure-Nalinnes | €112,473 | €87,071 | 83.4% | - |
| TO BE ONE - TO BE FIRST Modave | €162,590 | €154,701 | 79.5% | 2.7 |
| VAN HOLM COMMUNICATIE Ghent | €160,585 | €127,714 | 82.6% | - |
These companies have the same main activity as APPLICATION TEAM: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €108,000 and €163,000, founded between 1994 and 2002.
Official details
Source: KBO- Status
- Active since 17-04-1997Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2021
- Establishment unit
- 2.082.073.2276043 Charleroi, since 05-06-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 12-03-2025
Annual accounts 2025
- €127,018▼ 12.7%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on APPLICATION TEAM
APPLICATION TEAM files the micro format. That format states no turnover. The gross margin fell from €219,874 in 2006 to €154,679 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about APPLICATION TEAM
- What is the company number of APPLICATION TEAM?
- The company number of APPLICATION TEAM is 0460.484.635. The VAT number is the same number with BE in front: BE 0460.484.635.
- Where is APPLICATION TEAM based?
- The registered office is at Rue Eau-sur-Elle 111, 6043 Charleroi.Company details
- What does APPLICATION TEAM do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of APPLICATION TEAM?
- APPLICATION TEAM is a private limited company (pre-2019) (BVBA).
- When was APPLICATION TEAM founded?
- APPLICATION TEAM was founded on 17-04-1997.
- Is APPLICATION TEAM still active?
- Yes, APPLICATION TEAM is an active enterprise in the KBO register.
- How many employees does APPLICATION TEAM have?
- APPLICATION TEAM had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does APPLICATION TEAM fall under?
- In its 2021 annual accounts, APPLICATION TEAM states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of APPLICATION TEAM?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €154,679 and 38 comparable companies (NACE 73). It probably lies between €210,000 and €570,000.
- Is APPLICATION TEAM profitable?
- In financial year 2025, APPLICATION TEAM made a profit of €4,073.
- Where can I find the annual accounts of APPLICATION TEAM?
- APPLICATION TEAM filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of APPLICATION TEAM due?
- APPLICATION TEAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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