EURO TEAM
InactiveEURO TEAM was declared bankrupt on 30-11-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 26-09-2023, published in the Belgian State Gazette on 02-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 12-02-2021, 12 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
12 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€-252k
2019 · €32k
2019: €32k
2019 → 2020
Total assets
€721k▼ 31.4%
2019 · €1.05M
2019: €1.05M
2019 → 2020
Net result
€-284k▼ 562%
2019 · €-43k
2019: €-43k
2019 → 2020
Working capital
€-77k
2019 · €109k
2019: €109k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Equity€32k-€-252k
Operating result€-26k-€-274k▼ 956%
Net result€-43k-€-284k▼ 562%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €274k in 2020 against €26k in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €721k
Fixed assets
€16k ▼ 17.0%
Current assets
€705k ▼ 31.7%
Key figures and ratios
EBITDA
€-270k▼
2019 · €-23k
Cash flow
€-281k▼
2019 · €-40k
Solvency
-34.9%▼
2019 · 3.1%
Current ratio
0.90▼
2019 · 1.12
Quick ratio
0.55▼
2019 · 0.74
Debt to equity
-0.76▼
2019 · 2.99
ROA
-39.4%▼
2019 · -4.1%
Debt
€973k▼
2019 · €1.02M
Debt ≤ 1 year
€782k▼
2019 · €924k
Debt > 1 year
€191k▲
2019 · €96k
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€1.05M€721k▼
Fixed assets21/28€19k€16k▼
Tangible fixed assets22/27€8k€5k▼
Financial fixed assets28€11k€11k▲
Current assets29/58€1.03M€705k▼
Stocks and contracts in progress3€349k€274k▼
Amounts receivable within one year40/41€543k€364k▼
Current investments50/53€620€620=
Cash at bank and in hand54/58€33k€45k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€721k▼
Equity10/15€32k€-252k▼
Contributions10/11€19k-
Reserves13€14k€8k▼
Profit (loss) carried forward14-€-278k
Amounts payable17/49€1.02M€973k▼
Amounts payable after more than one year17€96k€191k▲
Amounts payable within one year42/48€924k€782k▼
Trade debts44€652k€449k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Gross operating margin9900€15k€-246k▼
Operating profit (loss)9901€-26k€-274k▼
Recurring financial income75€2k€6k▲
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€-43k€-284k▼
Profit (loss) for the period9904€-43k€-284k▼
Profit (loss) for the period to be appropriated9905€-43k€-284k▼
Timeline · acts, filings and financial milestones
2023
02-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EUROTEAM BV MARIA-THERESIALEI 1, 2018 ANTWERPEN 1 · event 26-09-2023
2021
07-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · EUROTEAM BV MARIA- THERESIALEI 1, 2018 ANTWERPEN 1 · event 30-11-2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
03-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
21-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
2013
14-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 14 days late
2012
15-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 15 days late
SignalNBB filing
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOMAS BRUNEEL BREDESTRAAT 4,
2000 ANTWERPEN 1 |
30-11-2021 → 26-09-2023 |