TEAM CONSTRUCT
ActiveSummary
TEAM CONSTRUCT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €740,943 and a net result of €328,693. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+59
Solvency44▲+4
Growth46▲+14
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.08 in 2024; short-term debt: 80.8% and cash: 71.6% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
18.7%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €740,943
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
18 d late
2023
62 d early
2022
56 d early
2021
45 d early
2020
95 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 employer in Elsene, Construction sector
Turnover
€15.1m▼ 19.5%
2024 · €18.7m
EBIT margin
2.3%▲ 5.3pp
2024 · -2.9%
Net result
€328,693
2024 · -€515,035
Working capital
€527,301▲ 114%
2024 · €246,051
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€28.2m▲ 15.0%€26.4m▼ 6.5%€28.2m▲ 6.9%€18.7m▼ 33.7%€15.1m▼ 19.5%
Operating result€941,596▼ 51.9%€455,167▼ 51.7%€5,753▼ 98.7%-€546,465€353,608
Net result€729,215above the sector's middle half▼ 49.7%€327,758above the sector's middle half▼ 55.1%€22,253within the sector's middle half▼ 93.2%-€515,035below the sector's middle half€328,693above the sector's middle half
EBIT margin3.3%▼ 4.6pp1.7%▼ 1.6pp0.0%▼ 1.7pp-2.9%▼ 2.9pp2.3%▲ 5.3pp
Equity€595,131within the sector's middle half▼ 16.9%€697,889within the sector's middle half▲ 17.3%€577,284within the sector's middle half▼ 17.3%€562,250within the sector's middle half▼ 2.6%€740,943within the sector's middle half▲ 31.8%
Total assets€6.0mabove the sector's middle half▼ 6.9%€6.0mabove the sector's middle half▼ 1.0%€5.5mwithin the sector's middle half▼ 8.1%€3.7mwithin the sector's middle half▼ 32.4%€4.0mwithin the sector's middle half▲ 6.9%
Debt€5.4m▼ 5.7%€5.3m▼ 3.0%€4.9m▼ 6.9%€3.1m▼ 35.9%€3.2m▲ 2.5%
Working capital€23,040within the sector's middle half€179,971within the sector's middle half▲ 681%€169,521within the sector's middle half▼ 5.8%€246,051within the sector's middle half▲ 45.1%€527,301within the sector's middle half▲ 114%
Solvency9.9%below the sector's middle half▼ 1.2pp11.7%below the sector's middle half▲ 1.8pp10.6%below the sector's middle half▼ 1.2pp15.2%within the sector's middle half▲ 4.6pp18.7%within the sector's middle half▲ 3.5pp
Current ratio1.00below the sector's middle half▲ 0.011.03below the sector's middle half▲ 0.031.03below the sector's middle half=1.08within the sector's middle half▲ 0.041.16within the sector's middle half▲ 0.09
Return on assets (ROA)12.1%above the sector's middle half▼ 10.3pp5.5%within the sector's middle half▼ 6.6pp0.4%within the sector's middle half▼ 5.1pp-13.9%below the sector's middle half▼ 14.3pp8.3%within the sector's middle half▲ 22.2pp
Staff (FTE)62.5above the sector's middle half▼ 0.8%62above the sector's middle half▼ 0.8%55.6above the sector's middle half▼ 10.3%44.9above the sector's middle half▼ 19.2%41.8within the sector's middle half▼ 6.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €353,608 after a loss of €546,465 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€230,931 ▼ 30.4%
Current assets
€3.7m ▲ 10.6%
Equity and liabilities €4.0m
Equity
€740,943 ▲ 31.8%
Debt
€3.2m ▲ 2.5%
Debt's share of the balance-sheet total falls from 84.8% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€488,673▲
2024 · -€384,011
Cash flow
€463,758▲
2024 · -€352,580
Quick ratio
1.16▲
2024 · 1.02
Debt to equity
4.34▼
2024 · 5.58
ROE
44.4%▲
2024 · -91.6%
Interest coverage
17.70▲
2024 · -16.92
Debt ≤ 1 year
€3.2m▲
2024 · €3.1m
Income taxes
€35,913▲
2024 · €6,493
Staff costs
€3.0m▼
2024 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €28.0m | €27.2m | €27.9m | €18.7m | €15.1m | ▼ 19.3% |
| Turnover70 | €28.2m | €26.4m | €28.2m | €18.7m | €15.1m | ▼ 19.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€410,828 | €527,574 | -€644,687 | -€238,588 | -€154,869 | ▲ 35.1% |
| Other operating income74 | €227,230 | €243,041 | €298,893 | €207,055 | €177,535 | ▼ 14.3% |
| Non-recurring operating income76A | - | €5,300 | €7,529 | €2,462 | - | - |
| Operating charges60/66A | €27.1m | €26.7m | €27.9m | €19.2m | €14.7m | ▼ 23.4% |
| Goods for resale, raw materials and consumables60 | €20.1m | €19.6m | €21.8m | €14.2m | €9.4m | ▼ 34.1% |
| Purchases600/8 | €20.1m | €19.6m | €21.8m | €14.2m | €9.4m | ▼ 34.1% |
| Services and other goods61 | €2.4m | €2.5m | €1.9m | €1.7m | €2.1m | ▲ 27.1% |
| Remuneration, social security and pensions62 | €4.4m | €4.4m | €4.0m | €3.1m | €3.0m | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €168,745 | €174,688 | €181,464 | €162,454 | €135,065 | ▼ 16.9% |
| Other operating charges640/8 | €45,206 | €52,010 | €55,024 | €52,026 | €53,335 | ▲ 2.5% |
| Non-recurring operating charges66A | €5,619 | - | - | - | €9,843 | - |
| Operating profit (loss)9901 | €941,596 | €455,167 | €5,753 | -€546,465 | €353,608 | ▲ 165% |
| Financial income75/76B | €152,499 | €114,414 | €148,399 | €80,926 | €59,584 | ▼ 26.4% |
| Recurring financial income75 | €152,499 | €114,414 | €148,399 | €80,926 | €59,584 | ▼ 26.4% |
| Income from current assets751 | - | - | - | €8 | €6 | ▼ 24.0% |
| Other financial income752/9 | €152,499 | €114,414 | €148,399 | €80,918 | €59,577 | ▼ 26.4% |
| Financial charges65/66B | €48,760 | €47,769 | €45,238 | €43,003 | €48,586 | ▲ 13.0% |
| Recurring financial charges65 | €48,760 | €47,769 | €45,238 | €43,003 | €48,586 | ▲ 13.0% |
| Debt charges650 | €21,294 | €24,129 | €24,109 | €22,696 | €27,602 | ▲ 21.6% |
| Other financial charges652/9 | €27,466 | €23,640 | €21,130 | €20,307 | €20,984 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €1.0m | €521,812 | €108,914 | -€508,542 | €364,606 | ▲ 172% |
| Income taxes67/77 | €316,119 | €194,053 | €86,661 | €6,493 | €35,913 | ▲ 453% |
| Taxes670/3 | €316,119 | €194,053 | €86,661 | €6,493 | €35,913 | ▲ 453% |
| Profit (loss) for the period9904 | €729,215 | €327,758 | €22,253 | -€515,035 | €328,693 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €729,215 | €327,758 | €22,253 | -€515,035 | €328,693 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €6.0m | €5.5m | €3.7m | €4.0m | ▲ 6.9% |
| Fixed assets21/28 | €587,169 | €558,459 | €443,255 | €331,875 | €230,931 | ▼ 30.4% |
| Tangible fixed assets22/27 | €523,899 | €500,189 | €384,730 | €273,350 | €172,406 | ▼ 36.9% |
| Plant, machinery and equipment23 | €18,283 | €40,158 | €31,153 | €55,024 | €42,816 | ▼ 22.2% |
| Furniture and vehicles24 | €223,865 | €248,746 | €212,761 | €147,976 | €115,011 | ▼ 22.3% |
| Other tangible fixed assets26 | €281,751 | €211,284 | €140,817 | €70,350 | €14,579 | ▼ 79.3% |
| Financial fixed assets28 | €63,270 | €58,270 | €58,525 | €58,525 | €58,525 | = |
| Other financial fixed assets284/8 | €63,270 | €58,270 | €58,525 | €58,525 | €58,525 | = |
| Amounts receivable and cash guarantees285/8 | €63,270 | €58,270 | €58,525 | €58,525 | €58,525 | = |
| Current assets29/58 | €5.4m | €5.4m | €5.0m | €3.4m | €3.7m | ▲ 10.6% |
| Stocks and contracts in progress3 | €528,067 | €1.1m | €410,955 | €172,366 | €17,498 | ▼ 89.8% |
| Contracts in progress37 | €528,067 | €1.1m | €410,955 | €172,366 | €17,498 | ▼ 89.8% |
| Amounts receivable within one year40/41 | €2.1m | €1.9m | €2.1m | €948,871 | €846,376 | ▼ 10.8% |
| Trade receivables40 | €1.5m | €1.7m | €2.0m | €789,655 | €690,629 | ▼ 12.5% |
| Other amounts receivable41 | €566,809 | €146,974 | €155,796 | €159,216 | €155,747 | ▼ 2.2% |
| Current investments50/53 | €6,795 | €6,794 | €6,795 | €6,794 | €1,786 | ▼ 73.7% |
| Other investments51/53 | €6,795 | €6,794 | €6,795 | €6,794 | €1,786 | ▼ 73.7% |
| Cash at bank and in hand54/58 | €2.8m | €2.4m | €2.4m | €2.2m | €2.8m | ▲ 29.7% |
| Deferred charges and accrued income490/1 | €16,279 | €74,442 | €52,348 | €56,812 | €27,834 | ▼ 51.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €6.0m | €5.5m | €3.7m | €4.0m | ▲ 6.9% |
| Equity10/15 | €595,131 | €697,889 | €577,284 | €562,250 | €740,943 | ▲ 31.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €561,500 | €561,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €561,500 | €561,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €561,500 | €561,500 | = |
| Reserves13 | €503,637 | €503,637 | €503,637 | €6,150 | €22,315 | ▲ 263% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €22,315 | ▲ 263% |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €22,315 | ▲ 263% |
| Distributable reserves133 | €497,487 | €497,487 | €497,487 | - | - | - |
| Profit (loss) carried forward14 | €29,994 | €132,752 | €12,148 | -€5,400 | €157,128 | ▲ 3,010% |
| Amounts payable17/49 | €5.4m | €5.3m | €4.9m | €3.1m | €3.2m | ▲ 2.5% |
| Amounts payable within one year42/48 | €5.4m | €5.2m | €4.9m | €3.1m | €3.2m | ▲ 2.4% |
| Trade debts44 | €1.4m | €1.2m | €669,693 | €344,238 | €448,927 | ▲ 30.4% |
| Suppliers440/4 | €1.4m | €1.2m | €669,693 | €344,238 | €448,927 | ▲ 30.4% |
| Advances received on contracts in progress46 | €2.4m | €3.1m | €3.3m | €2.4m | €2.1m | ▼ 12.9% |
| Taxes, remuneration and social security45 | €678,274 | €686,660 | €772,009 | €402,075 | €531,699 | ▲ 32.2% |
| Taxes450/3 | €319,982 | €313,251 | €481,816 | €136,729 | €275,633 | ▲ 102% |
| Remuneration and social security454/9 | €358,293 | €373,409 | €290,193 | €265,347 | €256,066 | ▼ 3.5% |
| Other amounts payable47/48 | €857,305 | €234,371 | €152,672 | €8,346 | €154,853 | ▲ 1,756% |
| Accrued charges and deferred income492/3 | €15,079 | €40,541 | €35,492 | €15,676 | €17,289 | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €729,215 | €327,758 | €22,253 | -€515,035 | €328,693 | ▲ 164% |
| + Depreciation and write-downs630 | €168,745 | €174,688 | €181,464 | €162,454 | €135,065 | ▼ 16.9% |
| Operating cash flow (approximation) | €897,960 | €502,446 | €203,717 | -€352,580 | €463,758 | ▲ 232% |
| Investment in fixed assets (approximation) | - | -€145,977 | -€66,261 | -€51,074 | -€34,121 | ▲ 33.2% |
| Change in cash | - | -€396,032 | €27,910 | -€248,108 | €648,494 | ▲ 361% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €328,693
Net result €328,693 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet -€515,035
Net result drops to -€515,035, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.4m ▲294%
Operating result €2.0m, net result €1.4m, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
15 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, Brussel · 1 establishment unit since 2017
Ground area
6,338 m²
Building footprint
2,225 m²
Volume, LiDAR
21,581 m³
2 parcels, Brussels, Flanders · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
TEAM CONSTRUCT SA
since 20172.264.260.904
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0400/00R000 | Flanders | 6,072 m² | 1 · 1,960 m² | 14.4 m · 3 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts GEOTEL 202510.21%
-
10.2%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
17 categoriesTEAM CONSTRUCT SA19468
Similar companies · same sector, comparable size
Immo Ter Meire N.V.
BE 0424.611.857
Brasschaat · Eq €741,483
FAGOO
BE 0888.726.569
Eghezée · Eq €741,868
BOUWONDERNEMING VAN DE VELDE & ZOON
BE 0455.172.104
Laarne · Eq €739,248
LivingHome
BE 0748.635.112
Glabbeek · Eq €742,693
BOUWMATERIALEN VAN DE VELDE
BE 0430.399.985
Gent · Eq €738,883
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 7,663 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439666752
Also
9925:BE0439666752
Registered
25-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.