TEAM BAX
ActiveSummary
TEAM BAX has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48k and a net result of €-21k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▲+2
Solvency51▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.17 against 1.23 in 2023; short-term debt: 73.7% and cash: 10.6% of total assets), and 73.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
26.3%
Return on assets
-11.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-21k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-11-2025, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
115 d late
2023
171 d late
2022
145 d late
2021
196 d late
2020
207 d late
2019
232 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€48k▼ 30.1%
2023 · €68k
Total assets
€181k▼ 9.8%
2023 · €201k
Net result
€-21k▲ 18.1%
2023 · €-25k
Working capital
€23k▼ 23.8%
2023 · €30k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-2k▲ 90.2%€-12k▼ 431%€6k€-25k€-21k▲ 15.5%
Net result€-3k▲ 87.4%€-9k▼ 213%€6k€-25k€-21k▲ 18.1%
Equity€97k▼ 3.0%€88k▼ 9.7%€94k▲ 6.9%€68k▼ 26.9%€48k▼ 30.1%
Total assets€195k▼ 1.6%€192k▼ 1.5%€217k▲ 13.3%€201k▼ 7.5%€181k▼ 9.8%
Debt€98k▼ 0.2%€105k▲ 6.5%€124k▲ 18.6%€133k▲ 7.2%€134k▲ 0.7%
Working capital€43k▼ 5.3%€38k▼ 11.9%€44k▲ 16.6%€30k▼ 32.2%€23k▼ 23.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €25k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets
€25k ▼ 35.1%
Current assets
€156k ▼ 3.8%
Equity and liabilities €181k
Equity
€48k ▼ 30.1%
Debt
€134k ▲ 0.7%
Debt's share of the balance-sheet total rises from 66.0% to 73.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▲
2023 · €-12k
Cash flow
€-7k▲
2023 · €-13k
Current ratio
1.17▼
2023 · 1.23
Quick ratio
1.07▼
2023 · 1.13
Debt to equity
2.80▲
2023 · 1.94
ROE
-43.2%▼
2023 · -36.8%
ROA
-11.4%▲
2023 · -12.5%
Interest coverage
-10.03▲
2023 · -63.21
Debt ≤ 1 year
€134k▲
2023 · €133k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €12k | €12k | €13k | ▲ 8.0% |
| Other operating charges640/8 | - | €962 | €921 | €957 | €2k | ▲ 57.9% |
| Gross operating margin9900 | €9k | €-635 | €19k | €-12k | €-6k | ▲ 47.0% |
| Operating profit (loss)9901 | €-2k | €-12k | €6k | €-25k | €-21k | ▲ 15.5% |
| Financial income75/76B | - | - | €115 | - | €1k | - |
| Recurring financial income75 | - | - | €115 | - | €1k | - |
| Non-recurring financial income76B | - | - | €115 | - | €1k | - |
| Financial charges65/66B | - | €1k | €99 | €198 | €759 | ▲ 284% |
| Recurring financial charges65 | €789 | €1k | €99 | €198 | €759 | ▲ 284% |
| Profit (loss) for the period before taxes9903 | €-3k | €-13k | €6k | €-25k | €-21k | ▲ 18.1% |
| Income taxes67/77 | - | €-3k | - | - | - | - |
| Profit (loss) for the period9904 | €-3k | €-9k | €6k | €-25k | €-21k | ▲ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-9k | €6k | €-25k | €-21k | ▲ 18.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €192k | €217k | €201k | €181k | ▼ 9.8% |
| Fixed assets21/28 | €54k | €50k | €49k | €38k | €25k | ▼ 35.1% |
| Tangible fixed assets22/27 | €54k | €50k | €49k | €38k | €25k | ▼ 35.1% |
| Land and buildings22 | - | €21k | €17k | €13k | €8k | ▼ 35.3% |
| Plant, machinery and equipment23 | - | €8k | €15k | €15k | €12k | ▼ 18.2% |
| Furniture and vehicles24 | - | €20k | €18k | €11k | €5k | ▼ 58.1% |
| Current assets29/58 | €141k | €142k | €168k | €163k | €156k | ▼ 3.8% |
| Stocks and contracts in progress3 | €10k | €9k | €9k | €13k | €14k | ▲ 3.8% |
| Stocks30/36 | - | €9k | €9k | €13k | €14k | ▲ 3.8% |
| Amounts receivable within one year40/41 | €121k | €115k | €146k | €130k | €122k | ▼ 5.8% |
| Trade receivables40 | - | €111k | €143k | €126k | €119k | ▼ 6.0% |
| Other amounts receivable41 | - | €4k | €4k | €4k | €4k | = |
| Cash at bank and in hand54/58 | €10k | €17k | €13k | €19k | €19k | ▲ 1.8% |
| Deferred charges and accrued income490/1 | - | €618 | - | €651 | €1k | ▲ 80.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €192k | €217k | €201k | €181k | ▼ 9.8% |
| Equity10/15 | €97k | €88k | €94k | €68k | €48k | ▼ 30.1% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | - | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | - | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €4k | - | - | - | - |
| Profit (loss) carried forward14 | €53k | €44k | €50k | €24k | €4k | ▼ 84.6% |
| Amounts payable17/49 | €98k | €105k | €124k | €133k | €134k | ▲ 0.7% |
| Amounts payable within one year42/48 | €98k | €105k | €124k | €133k | €134k | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €5k | €7k | €8k | €8k | €8k | = |
| Suppliers440/4 | - | €7k | €8k | €8k | €8k | = |
| Taxes, remuneration and social security45 | - | €3k | €6k | €9 | €925 | ▲ 10,260% |
| Taxes450/3 | - | €3k | €6k | €9 | €925 | ▲ 10,260% |
| Other amounts payable47/48 | - | €95k | €110k | €125k | €125k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-9k | €6k | €-25k | €-21k | ▲ 18.1% |
| + Depreciation and write-downs630 | €10k | €10k | €12k | €12k | €13k | ▲ 8.0% |
| Operating cash flow (approximation) | €7k | €754 | €18k | €-13k | €-7k | ▲ 43.9% |
| Investment in fixed assets (approximation) | - | €-6k | €-12k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €8k | €-5k | €6k | €333 | ▼ 94.8% |
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
2025
23-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 115 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 171 days late
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 145 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 196 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 207 days late
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 600 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 232 days late
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 136 days late
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 501 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 865 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Hoogstraten · 1 establishment unit since 2006
Ground area
2,405 m²
Building footprint
87 m²
Volume, LiDAR
470 m³
Parcel 13022B0315/00T000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Team Bax
since 20062.157.939.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13022B0315/00T000 | Flanders | 2,405 m² | 1 · 87 m² | 7.2 m · 2 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
Food safety, FASFC
1 siteHoogstraten2.157.939.204
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Of 800 companies in sector 01450 we hold annual accounts for 114. 69 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
Founded08-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
01450Raising of sheep and goats
01480Raising of other animals
01620Support activities for animal production
46231Wholesale of live animals
93110Operation of sports facilities
93121Football clubs
Contact
E-mail
teambax@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.