ML TEAM
ActiveSummary
ML TEAM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €30k. Equity is growing by ~46.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-55
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.32 in 2024; short-term debt: 64.1% and cash: 13.3% of total assets), and 72.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.2%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
61 d early
2022
55 d early
2021
53 d early
2020
30 d early
2019
6 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▼ 87.6%
2024 · €242k
2018: €-144klowest in 8 years
2019: €15k▲ +110% vs 2018
2020: €90k▲ +513% vs 2019
2021: €220k▲ +145% vs 2020
2022: €172k▼ -21.9% vs 2021
2023: €289k▲ +68.6% vs 2022highest in 8 years
2024: €242k▼ -16.5% vs 2023
2025: €30k▼ -87.6% vs 2024
2018 → 2025
Working capital
€144k▼ 32.5%
2024 · €213k
2018: €-152klowest in 8 years
2019: €-13k▲ +91.3% vs 2018
2020: €-30k▼ -124% vs 2019
2021: €200k▲ +774% vs 2020
2022: €54k▼ -72.9% vs 2021
2023: €243k▲ +349% vs 2022highest in 8 years
2024: €213k▼ -12.3% vs 2023
2025: €144k▼ -32.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€126k▲ 79.6%€225k▲ 79.0%€277k▲ 22.9%€307k▲ 10.8%
2021: €70klowest in 5 years
2022: €126k▲ +79.6% vs 2021
2023: €225k▲ +79.0% vs 2022
2024: €277k▲ +22.9% vs 2023
2025: €307k▲ +10.8% vs 2024highest in 5 years
Operating result€246k-€285k▲ 15.8%€403k▲ 41.6%€327k▼ 18.9%€98k▼ 70.0%
2021: €246k
2022: €285k▲ +15.8% vs 2021
2023: €403k▲ +41.6% vs 2022highest in 5 years
2024: €327k▼ -18.9% vs 2023
2025: €98k▼ -70.0% vs 2024lowest in 5 years
Net result€220k-€172k▼ 21.9%€289k▲ 68.6%€242k▼ 16.5%€30k▼ 87.6%
2021: €220k
2022: €172k▼ -21.9% vs 2021
2023: €289k▲ +68.6% vs 2022highest in 5 years
2024: €242k▼ -16.5% vs 2023
2025: €30k▼ -87.6% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€261k ▲ 7.0%
Current assets
€866k ▼ 2.5%
Equity and liabilities €1.13M
Equity
€307k ▲ 10.8%
Debt
€821k ▼ 4.1%
Debt's share of the balance-sheet total falls from 75.6% to 72.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167k▼
2024 · €378k
Cash flow
€99k▼
2024 · €293k
Current ratio
1.20▼
2024 · 1.32
Quick ratio
1.13▼
2024 · 1.20
Debt to equity
2.68▼
2024 · 3.09
ROE
9.8%▼
2024 · 87.3%
ROA
2.7%▼
2024 · 21.3%
Interest coverage
2.12▼
2024 · 7.14
Debt ≤ 1 year
€722k▲
2024 · €675k
Income taxes
€17k▼
2024 · €84k
Staff costs
€364k▲
2024 · €338k
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.13M▼
Fixed assets21/28€244k€261k▲
Tangible fixed assets22/27€243k€260k▲
Land and buildings22€50k€48k▼
Furniture and vehicles24€181k€203k▲
Other tangible fixed assets26€12k€9k▼
Financial fixed assets28€880€880=
Current assets29/58€888k€866k▼
Amounts receivable after more than one year29€125k€0▼
Other amounts receivable291€125k€0▼
Stocks and contracts in progress3€76k€47k▼
Stocks30/36€76k€47k▼
Amounts receivable within one year40/41€70k€113k▲
Trade receivables40€69k€96k▲
Other amounts receivable41€1k€17k▲
Current investments50/53€350k€551k▲
Cash at bank and in hand54/58€238k€150k▼
Deferred charges and accrued income490/1€28k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.13M▼
Equity10/15€277k€307k▲
Contributions10/11€100€100=
Profit (loss) carried forward14€277k€307k▲
Amounts payable17/49€856k€821k▼
Amounts payable within one year42/48€675k€722k▲
Trade debts44€70k€96k▲
Suppliers440/4€70k€96k▲
Advances received on contracts in progress46€305k€341k▲
Taxes, remuneration and social security45€72k€62k▼
Taxes450/3€18k€4k▼
Remuneration and social security454/9€54k€58k▲
Other amounts payable47/48€229k€223k▼
Accrued charges and deferred income492/3€181k€98k▼
Income statement
Code20242025
Non-recurring operating income76A-€661
Remuneration, social security and pensions62€338k€364k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€69k▲
Other operating charges640/8€7k€3k▼
Gross operating margin9900€723k€534k▼
Operating profit (loss)9901€327k€98k▼
Financial income75/76B€52k€27k▼
Recurring financial income75€52k€27k▼
Financial charges65/66B€53k€79k▲
Recurring financial charges65€53k€79k▲
Profit (loss) for the period before taxes9903€326k€47k▼
Income taxes67/77€84k€17k▼
Profit (loss) for the period9904€242k€30k▼
Profit (loss) for the period to be appropriated9905€242k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€467k€307k▼
Profit (loss) brought forward from the previous period14P€225k€277k▲
Profit to be distributed694/7€190k€0▼
Return on contributions (dividend)694€190k€0▼
Social balance
Average headcount (FTE)90874.95.4▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €661 | - |
| Remuneration, social security and pensions62 | €295k | €337k | €343k | €338k | €364k | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68k | €39k | €49k | €52k | €69k | ▲ 33.3% |
| Other operating charges640/8 | €9k | €5k | €4k | €7k | €3k | ▼ 48.6% |
| Non-recurring operating charges66A | €4k | €0 | - | - | - | - |
| Gross operating margin9900 | €622k | €666k | €798k | €723k | €534k | ▼ 26.1% |
| Operating profit (loss)9901 | €246k | €285k | €403k | €327k | €98k | ▼ 70.0% |
| Financial income75/76B | €24k | €26k | €36k | €52k | €27k | ▼ 47.6% |
| Recurring financial income75 | €24k | €26k | €36k | €52k | €27k | ▼ 47.6% |
| Financial charges65/66B | €4k | €54k | €52k | €53k | €79k | ▲ 48.5% |
| Recurring financial charges65 | €4k | €54k | €52k | €53k | €79k | ▲ 48.5% |
| Profit (loss) for the period before taxes9903 | €265k | €257k | €387k | €326k | €47k | ▼ 85.7% |
| Income taxes67/77 | €46k | €86k | €98k | €84k | €17k | ▼ 80.3% |
| Profit (loss) for the period9904 | €220k | €172k | €289k | €242k | €30k | ▼ 87.6% |
| Profit (loss) for the period to be appropriated9905 | €220k | €172k | €289k | €242k | €30k | ▼ 87.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.02M | €1.10M | €1.13M | €1.13M | ▼ 0.5% |
| Fixed assets21/28 | €125k | €167k | €193k | €244k | €261k | ▲ 7.0% |
| Tangible fixed assets22/27 | €124k | €163k | €188k | €243k | €260k | ▲ 7.0% |
| Land and buildings22 | €17k | €17k | €16k | €50k | €48k | ▼ 4.1% |
| Furniture and vehicles24 | €82k | €129k | €160k | €181k | €203k | ▲ 12.4% |
| Other tangible fixed assets26 | €25k | €18k | €12k | €12k | €9k | ▼ 26.4% |
| Financial fixed assets28 | €880 | €4k | €4k | €880 | €880 | = |
| Current assets29/58 | €993k | €849k | €910k | €888k | €866k | ▼ 2.5% |
| Amounts receivable after more than one year29 | - | - | €175k | €125k | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €175k | €125k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €106k | €38k | €130k | €76k | €47k | ▼ 37.9% |
| Stocks30/36 | €106k | €38k | €130k | €76k | €47k | ▼ 37.9% |
| Amounts receivable within one year40/41 | €148k | €145k | €137k | €70k | €113k | ▲ 60.4% |
| Trade receivables40 | €148k | €129k | €118k | €69k | €96k | ▲ 39.7% |
| Other amounts receivable41 | - | €16k | €18k | €1k | €17k | ▲ 1,014% |
| Current investments50/53 | €125k | €76k | €303k | €350k | €551k | ▲ 57.3% |
| Cash at bank and in hand54/58 | €600k | €577k | €148k | €238k | €150k | ▼ 37.0% |
| Deferred charges and accrued income490/1 | €15k | €13k | €18k | €28k | €5k | ▼ 82.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.02M | €1.10M | €1.13M | €1.13M | ▼ 0.5% |
| Equity10/15 | €70k | €126k | €225k | €277k | €307k | ▲ 10.8% |
| Contributions10/11 | €70k | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €0 | €126k | €225k | €277k | €307k | ▲ 10.9% |
| Amounts payable17/49 | €1.05M | €890k | €878k | €856k | €821k | ▼ 4.1% |
| Amounts payable after more than one year17 | €15k | €0 | - | - | - | - |
| Financial debts170/4 | €15k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €793k | €795k | €667k | €675k | €722k | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €34k | €15k | €0 | - | - | - |
| Trade debts44 | €67k | €145k | €55k | €70k | €96k | ▲ 38.1% |
| Suppliers440/4 | €67k | €145k | €55k | €70k | €96k | ▲ 38.1% |
| Advances received on contracts in progress46 | €507k | €526k | €360k | €305k | €341k | ▲ 11.9% |
| Taxes, remuneration and social security45 | €104k | €63k | €63k | €72k | €62k | ▼ 14.0% |
| Taxes450/3 | €58k | €7k | €13k | €18k | €4k | ▼ 80.0% |
| Remuneration and social security454/9 | €46k | €56k | €49k | €54k | €58k | ▲ 8.3% |
| Other amounts payable47/48 | €82k | €46k | €190k | €229k | €223k | ▼ 2.5% |
| Accrued charges and deferred income492/3 | €239k | €95k | €210k | €181k | €98k | ▼ 45.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €220k | €172k | €289k | €242k | €30k | ▼ 87.6% |
| + Depreciation and write-downs630 | €68k | €39k | €49k | €52k | €69k | ▲ 33.3% |
| Operating cash flow (approximation) | €287k | €211k | €338k | €293k | €99k | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | €-82k | €-74k | €-103k | €-86k | ▲ 16.7% |
| Change in cash | - | €-23k | €-429k | €90k | €-88k | ▼ 198% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €289k ▲68.6%
Operating result €403k, net result €289k, both a record.
31-12
Financial
Equity above €200kEq €225k ▲79%
5 profitable years in a row build equity to €225k.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100kEq €126k ▲79.6%
4 profitable years in a row build equity to €126k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2015
Ground area
5,840 m²
Building footprint
663 m²
Volume, LiDAR
6,940 m³
Parcel 25764Q0861/00D000, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SCHMIDT WATERLOO
since 20152.242.791.834
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0861/00D000 | Wallonia | 5,840 m² | 2 · 663 m² | 13.8 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
25490013TH1GX151QR46
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Of 2,607 companies in sector 47551 we hold annual accounts for 1,716. 1,304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-05-2015
Fiscal year end31-12
Trade name FR
SCHMIDT WATERLOO
Activities, NACEBEL 2025
47551Retail sale of household furniture
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.