AS TEAM
Open bankruptcyA bankruptcy procedure is open for AS TEAM according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €50k and a net result of €2k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 09-03-2022, 52 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
52 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, full schema
Turnover
€886k
EBIT margin
0.4%
Net result
€2k▲ 15.1%
2020 · €2k
2018: €12k
2019: €15k
2020: €2k
2018 → 2021
Working capital
€48k▲ 48.1%
2020 · €33k
2018: €18k
2019: €30k
2020: €33k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€886k
Equity€18k-€33k▲ 79.4%€35k▲ 6.3%€50k▲ 42.3%
Operating result€16k-€18k▲ 11.0%€3k▼ 82.9%€4k▲ 17.8%
Net result€12k-€15k▲ 20.0%€2k▼ 85.8%€2k▲ 15.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 18% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €68k
Fixed assets
€1k ▼ 43.7%
Current assets
€66k ▼ 78.0%
Equity and liabilities €68k
Equity
€50k ▲ 42.3%
Debt
€18k ▼ 93.3%
Debt's share of the balance-sheet total falls from 88.5% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▲
2020 · €5k
Cash flow
€4k▲
2020 · €3k
Current ratio
3.69▲
2020 · 1.12
ROE
4.8%▼
2020 · 5.9%
ROA
3.5%▲
2020 · 0.7%
Debt ≤ 1 year
€18k▼
2020 · €270k
Income taxes
€646▲
2020 · €530
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 24 lines
Balance sheet
Code20202021
Assets
Total assets20/58€305k€68k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Financial fixed assets28€30€108▲
Current assets29/58€303k€66k▼
Amounts receivable within one year40/41€246k€62k▼
Cash at bank and in hand54/58€56k€5k▼
Equity and liabilities
Total equity and liabilities10/49€305k€68k▼
Equity10/15€35k€50k▲
Reserves13€1k€1k=
Profit (loss) carried forward14€27k€30k▲
Amounts payable17/49€270k€18k▼
Amounts payable within one year42/48€270k€18k▼
Trade debts44€266k€1k▼
Income statement
Code20202021
Turnover70-€886k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Gross operating margin9900€5k€5k▲
Operating profit (loss)9901€3k€4k▲
Recurring financial income75-€1
Recurring financial charges65€526€653▲
Profit (loss) for the period before taxes9903€3k€3k▲
Income taxes67/77€530€646▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Timeline · acts, filings and financial milestones
2026
09-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · AS TEAM BV LOUIZALAAN 54, 1050 ELSENE · event 03-02-2026
2025
08-08
KBO administration
Address struck
Louizalaan 54 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 27-07-2025
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Liquidity triplescurrent ratio 3.69
Current ratio from 1.12 to 3.69; short-term debt falls from €270k to €18k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €2k ▼85.8%
Net result drops to €2k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €15k ▲20%
Operating result €18k, net result €15k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
6,906 m²
Building footprint
3,151 m²
Volume, LiDAR
72,507 m³
3 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Louizalaan 209/7, 1050 Elsene
since 20162.261.528.670
as team
since 20222.331.881.582
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00S003 | Flanders | 4,582 m² | 1 · 1,166 m² | 22.4 m · 6 fl. |
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER PEGASUSLAAN 5,
1831 DIEGEM |
03-02-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2016
Fiscal year end30-09
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.