M. TEAM

Active

Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 198739 yrs activeDolezlaan 199A, 1180 Ukkel, BelgiumKBO/BCE: BE 0431.310.005

M. TEAM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €16k and a net result of €-4k. The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2019

62 / 100

Healthy▼ -16 vs 2018

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2018

Profitability0▼-4

Solvency100=

Growth32

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity ample (current ratio 2.49 against 3.89 in 2018), and 29.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2019

Solvency, return and age of the figures

Solvency

70.6%

Return on assets

-16.8%

Age of the figures

80 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

No filing for years

The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2020 close31-07-2021 deadline14-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-08-2020, 31 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, micro schema

Equity

€16k▼ 19.2%

2018 · €19k

2018: €19k

2018 → 2019

Total assets

€22k▼ 14.6%

2018 · €26k

2018: €26k

2018 → 2019

Net result

€-4k

2018 · €162

2018: €162

2018 → 2019

Working capital

€8k▼ 21.7%

2018 · €10k

2018: €10k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Equity€19k-€16k▼ 19.2%

Operating result€358-€-4k

Net result€162-€-4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2019: a loss of €4k after €358 in 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €22k

41.0%

59.0%

Fixed assets €9k▼ 27.4%

Current assets €13k▼ 2.7%

Equity and liabilities €22k

70.6%

29.4%

Equity €16k▼ 19.2%

Debt €7k▼ 0.9%

The debt ratio rises from 25.4% to 29.4%: equity shrinks faster than debt is paid down.

Key figures and ratios

2019 value · change against 2018

EBITDA

€-64▼

2018 · €4k

Cash flow

€-297▼

2018 · €4k

Solvency

70.6%▼

2018 · 74.6%

Current ratio

2.49▼

2018 · 3.89

Quick ratio

2.07▼

2018 · 3.26

Debt / equity

0.08▼

2018 · 0.16

ROE

-23.8%▼

2018 · 0.8%

ROA

-16.8%▼

2018 · 0.6%

Debt

€7k▼

2018 · €7k

Debt ≤ 1 year

€5k▲

2018 · €3k

Debt > 1 year

€1k▼

2018 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2019 against 2018

Balance sheet Code20182019

Assets

Total assets20/58€26k€22k▼

Fixed assets21/28€13k€9k▼

Tangible fixed assets22/27€13k€9k▼

Current assets29/58€14k€13k▼

Stocks and contracts in progress3€2k€2k=

Amounts receivable within one year40/41-€255

Current investments50/53€5k€5k=

Cash at bank and in hand54/58€6k€5k▼

Equity and liabilities

Total equity and liabilities10/49€26k€22k▼

Equity10/15€19k€16k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Profit (loss) carried forward14€-984€-5k▼

Amounts payable17/49€7k€7k▼

Amounts payable after more than one year17€3k€1k▼

Amounts payable within one year42/48€3k€5k▲

Trade debts44€688€747▲

Income statement Code20182019

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=

Gross operating margin9900€4k€804▼

Operating profit (loss)9901€358€-4k▼

Recurring financial charges65€196€233▲

Profit (loss) for the period before taxes9903€162€-4k▼

Profit (loss) for the period9904€162€-4k▼

Profit (loss) for the period to be appropriated9905€162€-4k▼

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