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TEAM DYNAMIC

Active
Private limited companyfounded 2020active for 6 yearsWestvaartdijk 95, 1850 Grimbergen, BelgiumKBO/BCE: BE 0741.422.171

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00539087.

Annual accounts 2025 filed on 30-09-2026 at the NBB all 4 filings

Turnover
≈ €140,000
Estimated: probably between €87,000 and €260,000
Total assets
€143,156▼ 28.3%
2024 · €199,647
Net result
-€48,344
2024 · €32,025
Working capital
€66,433▼ 39.8%
2024 · €110,393
Trend over the years

2022 to 2025, 4 financial years

The operating result for 2025 is a loss of €47,984, after a profit of €46,603 in 2024. It is the lowest result since 2022.

Operating result-€47,984 2025 Net result-€48,344 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result-€32,959-€128,844€46,603▼ 63.8%-€47,984
Net result-€33,357below the sector's middle half-€96,008within the sector's middle half€32,025within the sector's middle half▼ 66.6%-€48,344below the sector's middle half
Equity-€2,518below the sector's middle half-€93,491within the sector's middle half€125,515within the sector's middle half▲ 34.3%€77,171within the sector's middle half▼ 38.5%
Total assets€120,256below the sector's middle half-€212,646below the sector's middle half▲ 76.8%€199,647below the sector's middle half▼ 6.1%€143,156below the sector's middle half▼ 28.3%
Debt€122,774-€119,155▼ 2.9%€74,131▼ 37.8%€65,985▼ 11.0%
Working capital-€5,341below the sector's middle half-€89,604within the sector's middle half€110,393within the sector's middle half▲ 23.2%€66,433within the sector's middle half▼ 39.8%
Solvency-2.1%below the sector's middle half-44.0%within the sector's middle half▲ 46.1pp62.9%within the sector's middle half▲ 18.9pp53.9%within the sector's middle half▼ 9.0pp
Current ratio0.96below the sector's middle half-1.75within the sector's middle half▲ 0.802.49within the sector's middle half▲ 0.742.01within the sector's middle half▼ 0.48
Return on assets (ROA)-27.7%below the sector's middle half-45.1%above the sector's middle half▲ 72.9pp16.0%above the sector's middle half▼ 29.1pp-33.8%below the sector's middle half▼ 49.8pp
Staff (FTE)1.8below the sector's middle half-1within the sector's middle half▼ 44.4%2.1within the sector's middle half▲ 110%2.8within the sector's middle half▲ 33.3%
above within below The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,156
Fixed assets €10,738 ▼ 29.0%
Current assets €132,418 ▼ 28.2%
Equity and liabilities €143,156
Equity €77,171 ▼ 38.5%
Debt €65,985 ▼ 11.0%
Debt's share of the balance-sheet total rises from 37.1% to 46.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€42,846▼
2024 · €48,172
Cash flow
-€43,206▼
2024 · €33,594
Debt to equity
0.86▲
2024 · 0.59
ROE
-62.6%▼
2024 · 25.5%
Interest coverage
-118.39▼
2024 · over 100
Debt ≤ 1 year
€65,985▼
2024 · €74,131
Staff costs
€116,453▲
2024 · €60,643
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as TEAM DYNAMIC: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €113,000 and €348,000, founded between 2018 and 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
TEAM DYNAMIC Grimbergen2020€143,156€77,171€30,581-€48,3442.82025
COPPAGREEN Verviers2023€232,195-€98,832€33,495-€129,2413.12025
VICASA Middelkerke2022€166,749-€118,112€29,325-€37,70012025
Belle-Maison Jette2020€348,352€50,088€43,607€8,49532025
THIENPONDT ALGEMENE AANNEMINGEN Temse2019€236,468€6,194€75,573-€150,3332.52025
G.V. AANNEMING Aartselaar2020€156,799€32,576€62,002€52112024
Reli Construction Merelbeke-Melle2018€113,417€90,437€67,308€18012025

They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 3,591 companies had the same profile as TEAM DYNAMIC has now. Two years later, 3.0% had gone bankrupt and 87.4% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.0% went bankrupt
9.4% stopped otherwise
87.4% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of TEAM DYNAMIC itself is higher: 4.2% within 12 months. It rests on far more data about TEAM DYNAMIC than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,591 companies, not a prediction for TEAM DYNAMIC. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€199,647€143,156▼
Fixed assets21/28€15,122€10,738▼
Tangible fixed assets22/27€13,634€9,249▼
Plant, machinery and equipment23-€321
Furniture and vehicles24€13,634€8,928▼
Financial fixed assets28€1,488€1,488=
Current assets29/58€184,524€132,418▼
Amounts receivable within one year40/41€150,494€122,780▼
Trade receivables40€150,494€112,611▼
Other amounts receivable41-€10,169
Cash at bank and in hand54/58€27,337€7,551▼
Deferred charges and accrued income490/1€6,693€2,088▼
Equity and liabilities
Total equity and liabilities10/49€199,647€143,156▼
Equity10/15€125,515€77,171▼
Contributions10/11€5,001€5,001=
Reserves13€120,514€120,514=
Distributable reserves133€120,514€120,514=
Profit (loss) carried forward14--€48,344
Amounts payable17/49€74,131€65,985▼
Amounts payable within one year42/48€74,131€65,985▼
Trade debts44€35,360€51,725▲
Suppliers440/4€35,360€51,725▲
Taxes, remuneration and social security45€38,726€14,260▼
Taxes450/3€36,486€6,631▼
Remuneration and social security454/9€2,240€7,628▲
Other amounts payable47/48€46-
Income statement Code20242025
Remuneration, social security and pensions62€60,643€116,453▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,570€5,138▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€44,501
Other operating charges640/8€1,432€1,475▲
Gross operating margin9900€110,248€30,581▼
Operating profit (loss)9901€46,603-€47,984▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€353€362▲
Recurring financial charges65€353€362▲
Profit (loss) for the period before taxes9903€46,249-€48,344▼
Income taxes67/77€14,225-
Profit (loss) for the period9904€32,025-€48,344▼
Profit (loss) for the period to be appropriated9905€32,025-€48,344▼
Appropriation of the result
Profit (loss) to be appropriated9906€32,025-€48,344▼
Transfer to equity691/2€32,025-
To other reserves6921€32,025-
Social balance sheet
Average headcount (FTE)90872.12.8▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2022202320242025Change
Remuneration, social security and pensions62€74,556€29,852€60,643€116,453▲ 92.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,229€1,347€1,570€5,138▲ 227%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€114,657€44,501--€44,501-
Other operating charges640/8€903€384€1,432€1,475▲ 3.0%
Gross operating margin9900€160,386€204,929€110,248€30,581▼ 72.3%
Operating profit (loss)9901-€32,959€128,844€46,603-€47,984-
Financial income75/76B€45€0-€2-
Recurring financial income75€45€0-€2-
Financial charges65/66B€443€429€353€362▲ 2.5%
Recurring financial charges65€443€429€353€362▲ 2.5%
Profit (loss) for the period before taxes9903-€33,357€128,415€46,249-€48,344-
Income taxes67/77-€32,407€14,225--
Profit (loss) for the period9904-€33,357€96,008€32,025-€48,344-
Profit (loss) for the period to be appropriated9905-€33,357€96,008€32,025-€48,344-
Line2022202320242025Change
Assets
Total assets20/58€120,256€212,646€199,647€143,156▼ 28.3%
Fixed assets21/28€2,823€3,886€15,122€10,738▼ 29.0%
Tangible fixed assets22/27€1,335€2,398€13,634€9,249▼ 32.2%
Plant, machinery and equipment23---€321-
Furniture and vehicles24€1,335€2,398€13,634€8,928▼ 34.5%
Financial fixed assets28€1,488€1,488€1,488€1,488=
Current assets29/58€117,433€208,759€184,524€132,418▼ 28.2%
Amounts receivable within one year40/41€109,083€168,373€150,494€122,780▼ 18.4%
Trade receivables40€109,083€168,373€150,494€112,611▼ 25.2%
Other amounts receivable41---€10,169-
Cash at bank and in hand54/58€7,012€36,093€27,337€7,551▼ 72.4%
Deferred charges and accrued income490/1€1,338€4,294€6,693€2,088▼ 68.8%
Equity and liabilities
Total equity and liabilities10/49€120,256€212,646€199,647€143,156▼ 28.3%
Equity10/15-€2,518€93,491€125,515€77,171▼ 38.5%
Contributions10/11€5,001€5,001€5,001€5,001=
Reserves13€21,818€88,490€120,514€120,514=
Distributable reserves133€21,818€88,490€120,514€120,514=
Profit (loss) carried forward14-€29,337---€48,344-
Amounts payable17/49€122,774€119,155€74,131€65,985▼ 11.0%
Amounts payable within one year42/48€122,774€119,155€74,131€65,985▼ 11.0%
Trade debts44€5,396€12,003€35,360€51,725▲ 46.3%
Suppliers440/4€5,396€12,003€35,360€51,725▲ 46.3%
Taxes, remuneration and social security45€23,916€57,936€38,726€14,260▼ 63.2%
Taxes450/3€22,154€57,765€36,486€6,631▼ 81.8%
Remuneration and social security454/9€1,763€170€2,240€7,628▲ 241%
Other amounts payable47/48€93,462€49,217€46--
Line2022202320242025Change
Profit (loss) for the period9904-€33,357€96,008€32,025-€48,344-
+ Depreciation and write-downs630€3,229€1,347€1,570€5,138▲ 227%
Operating cash flow (approximation)-€30,128€97,356€33,594-€43,206-
Investment in fixed assets (approximation)--€2,410-€12,806-€754▲ 94.1%
Change in cash-€29,081-€8,755-€19,786▼ 126%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 30-09-2026 2026-00539087 NBB
31-12-2024 abbreviated format 11-07-2025 2025-00258600 PDF
31-12-2023 abbreviated format 28-08-2024 2024-00383272 PDF
31-12-2022 abbreviated format 18-08-2023 2023-00333984 PDF

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