Construction Team
Open bankruptcyA bankruptcy procedure is open for Construction Team according to publications in the Belgian State Gazette; curator: Jan DE RIECK.
Summary
The 2021 annual accounts show equity of €87k and a net result of €26k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-10-2022, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
85 d late
2020
31 d late
2019
121 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€87k▲ 43.9%
2020 · €60k
2018: €11klowest in 4 years
2019: €13k▲ +19.1% vs 2018
2020: €60k▲ +363% vs 2019
2021: €87k▲ +43.9% vs 2020highest in 4 years
2018 → 2021
Total assets
€204k▲ 86.8%
2020 · €109k
2018: €43klowest in 4 years
2019: €104k▲ +144% vs 2018
2020: €109k▲ +5.4% vs 2019
2021: €204k▲ +86.8% vs 2020highest in 4 years
2018 → 2021
Net result
€26k▼ 32.8%
2020 · €39k
2018: €1klowest in 4 years
2019: €2k▲ +83.8% vs 2018
2020: €39k▲ +1790% vs 2019highest in 4 years
2021: €26k▼ -32.8% vs 2020
2018 → 2021
Working capital
€84k▲ 49.0%
2020 · €56k
2018: €11k
2019: €11k▼ -1.0% vs 2018lowest in 4 years
2020: €56k▲ +412% vs 2019
2021: €84k▲ +49.0% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€11k-€13k▲ 19.1%€60k▲ 363%€87k▲ 43.9%
2018: €11klowest in 4 years
2019: €13k▲ +19.1% vs 2018
2020: €60k▲ +363% vs 2019
2021: €87k▲ +43.9% vs 2020highest in 4 years
Operating result€1k-€3k▲ 106%€50k▲ 1,675%€43k▼ 14.9%
2018: €1klowest in 4 years
2019: €3k▲ +106% vs 2018
2020: €50k▲ +1675% vs 2019highest in 4 years
2021: €43k▼ -14.9% vs 2020
Net result€1k-€2k▲ 83.8%€39k▲ 1,790%€26k▼ 32.8%
2018: €1klowest in 4 years
2019: €2k▲ +83.8% vs 2018
2020: €39k▲ +1790% vs 2019highest in 4 years
2021: €26k▼ -32.8% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 15% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €204k
Fixed assets
€8k ▲ 84.9%
Current assets
€197k ▲ 86.9%
Equity and liabilities €204k
Equity
€87k ▲ 43.9%
Debt
€118k ▲ 139%
Debt's share of the balance-sheet total rises from 44.9% to 57.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▼
2020 · €51k
Cash flow
€29k▼
2020 · €41k
Current ratio
1.74▼
2020 · 2.15
Debt to equity
1.35
ROE
30.5%▼
2020 · 65.4%
ROA
13.0%▼
2020 · 36.0%
Interest coverage
6.57
Debt ≤ 1 year
€113k▲
2020 · €49k
Debt > 1 year
€4k
Income taxes
€9k▲
2020 · €8k
Staff costs
€654
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 · 47 lines
Balance sheet
Code20202021
Assets
Total assets20/58€109k€204k▲
Fixed assets21/28€4k€8k▲
Tangible fixed assets22/27€4k€7k▲
Furniture and vehicles24-€7k
Financial fixed assets28€530€530=
Current assets29/58€105k€197k▲
Amounts receivable within one year40/41€93k€193k▲
Trade receivables40-€189k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€109k€204k▲
Equity10/15€60k€87k▲
Contributions10/11€18k€18k=
Capital10-€18k
Issued capital100-€19k
Uncalled capital101-€950
Reserves13€43k€69k▲
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€67k
Amounts payable17/49€49k€118k▲
Amounts payable after more than one year17-€4k
Financial debts170/4-€4k
Amounts payable within one year42/48€49k€113k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€39k€100k▲
Suppliers440/4-€100k
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Accrued charges and deferred income492/3-€157
Income statement
Code20202021
Remuneration, social security and pensions62-€654
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8-€5k
Non-recurring operating charges66A-€9k
Gross operating margin9900€52k€60k▲
Operating profit (loss)9901€50k€43k▼
Financial income75/76B-€77
Recurring financial income75€1k€77▼
Financial charges65/66B-€7k
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€48k€36k▼
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€39k€26k▼
Profit (loss) for the period to be appropriated9905€39k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€26k
Transfer to equity691/2-€26k
To other reserves6921-€26k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €654 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €579 | €1k | €2k | ▲ 36.5% |
| Other operating charges640/8 | - | - | - | €5k | - |
| Non-recurring operating charges66A | - | - | - | €9k | - |
| Gross operating margin9900 | €2k | €3k | €52k | €60k | ▲ 14.9% |
| Operating profit (loss)9901 | €1k | €3k | €50k | €43k | ▼ 14.9% |
| Financial income75/76B | - | - | - | €77 | - |
| Recurring financial income75 | €77 | - | €1k | €77 | ▼ 93.9% |
| Financial charges65/66B | - | - | - | €7k | - |
| Recurring financial charges65 | €30 | €104 | €4k | €7k | ▲ 88.6% |
| Profit (loss) for the period before taxes9903 | €1k | €3k | €48k | €36k | ▼ 24.8% |
| Income taxes67/77 | €276 | €627 | €8k | €9k | ▲ 13.5% |
| Profit (loss) for the period9904 | €1k | €2k | €39k | €26k | ▼ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €1k | €2k | €39k | €26k | ▼ 32.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43k | €104k | €109k | €204k | ▲ 86.8% |
| Fixed assets21/28 | - | €2k | €4k | €8k | ▲ 84.9% |
| Tangible fixed assets22/27 | - | €2k | €4k | €7k | ▲ 97.6% |
| Furniture and vehicles24 | - | - | - | €7k | - |
| Financial fixed assets28 | - | €30 | €530 | €530 | = |
| Current assets29/58 | €43k | €101k | €105k | €197k | ▲ 86.9% |
| Amounts receivable within one year40/41 | €42k | €89k | €93k | €193k | ▲ 108% |
| Trade receivables40 | - | - | - | €189k | - |
| Other amounts receivable41 | - | - | - | €4k | - |
| Cash at bank and in hand54/58 | €64 | €12k | €13k | €4k | ▼ 69.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43k | €104k | €109k | €204k | ▲ 86.8% |
| Equity10/15 | €11k | €13k | €60k | €87k | ▲ 43.9% |
| Contributions10/11 | €10k | €10k | €18k | €18k | = |
| Capital10 | - | - | - | €18k | - |
| Issued capital100 | - | - | - | €19k | - |
| Uncalled capital101 | - | - | - | €950 | - |
| Reserves13 | €1k | €3k | €43k | €69k | ▲ 62.1% |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Legal reserve130 | - | - | - | €2k | - |
| Distributable reserves133 | - | - | - | €67k | - |
| Amounts payable17/49 | €32k | €91k | €49k | €118k | ▲ 139% |
| Amounts payable after more than one year17 | - | - | - | €4k | - |
| Financial debts170/4 | - | - | - | €4k | - |
| Amounts payable within one year42/48 | €31k | €90k | €49k | €113k | ▲ 130% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4k | - |
| Trade debts44 | €684 | €49k | €39k | €100k | ▲ 157% |
| Suppliers440/4 | - | - | - | €100k | - |
| Taxes, remuneration and social security45 | - | - | - | €9k | - |
| Taxes450/3 | - | - | - | €9k | - |
| Accrued charges and deferred income492/3 | - | - | - | €157 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €2k | €39k | €26k | ▼ 32.8% |
| + Depreciation and write-downs630 | - | €579 | €1k | €2k | ▲ 36.5% |
| Operating cash flow (approximation) | €1k | €3k | €41k | €29k | ▼ 30.3% |
| Investment in fixed assets (approximation) | - | - | €-3k | €-5k | ▼ 70.9% |
| Change in cash | - | €12k | €778 | €-9k | ▼ 1,245% |
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
2026
03-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 27-01-2026
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €39k ▲1,790%
Operating result €50k, net result €39k, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 420 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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
Registered office, Brussel · 1 establishment unit since 2018
Ground area
2,479 m²
Building footprint
1,097 m²
Volume, LiDAR
29,482 m³
Parcel 21805E0461/00L000, Brussels · tallest building 33.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Construction Team
since 20182.271.465.232
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0461/00L000 | Brussels | 2,479 m² | 1 · 1,096 m² | 33.3 m · 9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Jan DE RIECK DE KLEETLAAN 5BC, 1831 DIEGEM- |
27-01-2026 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-01-2018
Fiscal year end31-12
Contact
E-mail
info@construction-team.be
Scores and ratios are computed by Checked and are not a credit decision.