BELT-TEAM
Open bankruptcyA bankruptcy procedure is open for BELT-TEAM according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €93k and a net result of €74k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 2023, micro schema
Equity
€93k▲ 392%
2022 · €19k
2021: €29k
2022: €19k
2021 → 2023
Total assets
€132k▲ 56.0%
2022 · €85k
2021: €65k
2022: €85k
2021 → 2023
Net result
€74k
2022 · €-10k
2021: €29k
2022: €-10k
2021 → 2023
Working capital
€92k▲ 408%
2022 · €18k
2021: €27k
2022: €18k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€29k-€19k▼ 34.3%€93k▲ 392%
Operating result€37k-€-10k€77k
Net result€29k-€-10k€74k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €77k after a loss of €10k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €132k
Equity
€93k ▲ 392%
Debt
€39k ▼ 40.1%
Debt's share of the balance-sheet total falls from 77.8% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▲
2022 · €-8k
Cash flow
€74k▲
2022 · €-9k
Current ratio
3.34▲
2022 · 1.28
Debt to equity
0.43▼
2022 · 3.50
ROE
79.7%▲
2022 · -52.3%
ROA
55.9%▲
2022 · -11.6%
Interest coverage
298.05▲
2022 · -35.16
Debt ≤ 1 year
€39k▼
2022 · €66k
Income taxes
€3k
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 · 2023 against 2022 · 38 lines
Balance sheet
Code20222023
Assets
Total assets20/58€85k€132k▲
Formation expenses20€653€415▼
Current assets29/58€84k€132k▲
Amounts receivable within one year40/41€84k€131k▲
Trade receivables40€84k€115k▲
Other amounts receivable41€33€16k▲
Cash at bank and in hand54/58€236€947▲
Equity and liabilities
Total equity and liabilities10/49€85k€132k▲
Equity10/15€19k€93k▲
Issued capital100€25k€25k=
Uncalled capital101€25k€25k=
Profit (loss) carried forward14€19k€93k▲
Amounts payable17/49€66k€39k▼
Amounts payable within one year42/48€66k€39k▼
Trade debts44€29k€19k▼
Suppliers440/4€29k€19k▼
Advances received on contracts in progress46€20k-
Taxes, remuneration and social security45€11k€21k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€2k€300▼
Other amounts payable47/48€7k-
Income statement
Code20222023
Non-recurring operating income76A€63-
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€237▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€294
Other operating charges640/8€880-
Gross operating margin9900€-3k€77k▲
Operating profit (loss)9901€-10k€77k▲
Financial income75/76B-€421
Recurring financial income75-€421
Financial charges65/66B€237€259▲
Recurring financial charges65€237€259▲
Profit (loss) for the period before taxes9903€-10k€77k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-10k€74k▲
Profit (loss) for the period to be appropriated9905€-10k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€93k▲
Profit (loss) brought forward from the previous period14P€29k€19k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-05
KBO administration
Address struck
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BELT-TEAM BV KLAUWAARTS- LAAN 2/4, 1853. GRIMBERGEN · event 11-02-2025
2024
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 150 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 366 days late
2023
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.34
Current ratio from 1.28 to 3.34; short-term debt falls from €66k to €39k.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 319 days late
2022
31-12
Financial
Weakest financial yearnet €-10k ▼134%
Net result drops to €-10k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
1 establishment unit since 2020
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
413 m²
Parcel 23084A0501/02E002, Flanders. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20202.311.215.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0501/02E002 | Flanders | 413 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 |
11-02-2025 → present |
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Of 4,012 companies in sector 43310 we hold annual accounts for 1,745. 1,519 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.