T.E.A.M.
ActiveSummary
T.E.A.M. has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,107 and a net result of €35,556. Equity has been growing by about 38% per year since 2023. Its solvency ranks better than 27% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-06-2023 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 4 others
- Establishment unit
- 2.345.721.504 8560 Wevelgem, since 02-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €155,269
- ▲ 3.6%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €35,556
- ▲ 15.9%
- Equity
- €123,107
- ▲ 40.6%
- Total assets
- €1.5m
- ▲ 0.4%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSize: total assets €1.5mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 06-07-2026)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 29% of them on solvency, 71% on liquidity, 40% on profitability and 84% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 5% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Debts secured on the company's own assets | €1.3m | €1.3m | €1.2m |
| Mortgages, amount registered | €100,000 | €100,000 | €100,000 |
| Mortgage mandates | €1.3m | €1.3m | €1.3m |
| Carrying value of the mortgaged assets | €1.5m | €1.5m | €1.4m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1.5m | - | €2,000 |
| Depreciation and write-downs of the year | €25,209 | €51,091 | €51,173 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,209 | €51,091 | €51,173 | ▲ 0.2% |
| Other operating charges640/8 | €6,918 | €8,600 | €9,815 | ▲ 14.1% |
| Gross operating margin9900 | €64,364 | €149,845 | €155,269 | ▲ 3.6% |
| Operating profit (loss)9901 | €32,237 | €90,155 | €94,281 | ▲ 4.6% |
| Financial income75/76B | - | €241 | €393 | ▲ 63.1% |
| Recurring financial income75 | - | €241 | €393 | ▲ 63.1% |
| Financial charges65/66B | €23,648 | €52,045 | €50,228 | ▼ 3.5% |
| Recurring financial charges65 | €23,648 | €52,045 | €50,228 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €8,588 | €38,350 | €44,445 | ▲ 15.9% |
| Income taxes67/77 | €1,718 | €7,670 | €8,889 | ▲ 15.9% |
| Profit (loss) for the period9904 | €6,871 | €30,680 | €35,556 | ▲ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €6,871 | €30,680 | €35,556 | ▲ 15.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | ▲ 0.4% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.4m | ▼ 3.4% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.4m | ▼ 3.4% |
| Land and buildings22 | €1.5m | €1.5m | €1.4m | ▼ 3.5% |
| Furniture and vehicles24 | - | - | €0.002m | - |
| Current assets29/58 | €0.03m | €0.08m | €0.1m | ▲ 73.3% |
| Amounts receivable within one year40/41 | - | - | €0.02m | - |
| Trade receivables40 | - | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.08m | €0.1m | ▲ 52.1% |
| Deferred charges and accrued income490/1 | - | €241 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | ▲ 0.4% |
| Equity10/15 | €0.06m | €0.09m | €0.1m | ▲ 40.6% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.007m | €0.04m | €0.07m | ▲ 94.7% |
| Distributable reserves133 | €0.007m | €0.04m | €0.07m | ▲ 94.7% |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | ▼ 2.0% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.3m | ▼ 3.6% |
| Financial debts170/4 | €1.4m | €1.4m | €1.3m | ▼ 3.6% |
| Amounts payable within one year42/48 | €0.05m | €0.06m | €0.08m | ▲ 35.6% |
| Current portion of amounts payable after more than one year42 | €0.05m | €0.05m | €0.05m | ▲ 4.0% |
| Trade debts44 | €0.001m | €126 | €0.01m | ▲ 93× |
| Suppliers440/4 | €0.001m | €126 | €0.01m | ▲ 93× |
| Taxes, remuneration and social security45 | €0.002m | €0.009m | €0.02m | ▲ 75.7% |
| Taxes450/3 | €0.002m | €0.009m | €0.02m | ▲ 75.7% |
| Accrued charges and deferred income492/3 | - | €72 | €288 | ▲ 299% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,871 | €30,680 | €35,556 | ▲ 15.9% |
| + Depreciation and write-downs630 | €25,209 | €51,091 | €51,173 | ▲ 0.2% |
| Operating cash flow (approximation) | €32,080 | €81,771 | €86,729 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,000 | - |
| Change in cash | - | €42,272 | €39,192 | ▼ 7.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,514 companies had the same profile as T.E.A.M. has now. Two years later, 95.7% were still going and 2.4% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of T.E.A.M. itself is lower: 0.5% within 12 months. It rests on far more data about T.E.A.M. than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,514 companies, not a prediction for T.E.A.M.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- Michel VERVISCH 10,000 shares (66.7%) · €33,333.34
- Ann COGHE founder
- Thomas VERVISCH 5,000 shares (33.3%) · €16,666.67
Capital transactions
- 06-06-2023 Incorporation · €50,000 · 15,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Michel VERVISCH |
|
| Thomas VERVISCH |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “2”
Articles of association, deed of 06-06-2023 (in Dutch)
Network & group
T.E.A.M. shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of T.E.A.M.. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-02
Gazette deed
Registered office moved from Wevelgem to Lauwe2 points ▸
- General meeting, 16-12-2025
- Registered-office move, Dronckaertstraat 374 te 8930 Lauwe
06-06
Gazette deed
IncorporationStarting capital €50,000 · Appointments: Michel VERVISCH (director) and Thomas VERVISCH (director) · Founder9 points ▸
- Director appointment, Michel VERVISCH (director)
- Director appointment, Thomas VERVISCH (director)
- Other provision, /, “Doel bovenop vermogensvoordeel aan aandeelhouders uit te keren of te bezorgen” (deed in Dutch)
- Incorporation, 31-05-2023
- Founder, Michel VERVISCH
- Founder, Ann COGHE
- Founder, Thomas VERVISCH
- Founding capital, €50,000
- Bank account, 50000, “vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Pijplap 132 bus C, 8560 Wevelgem until 16-12-2025 · act of 10-02-2026
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34024B0426/00B000 | Flanders | 1,118 m² | 1 · 168 m² | 9.9 m · 2 |
| 34012C0330/00T004 | Flanders | 376 m² | 1 · 132 m² | 10.3 m · 2 |